The assets of Company B at the end of their fiscal year are shown on the...
The assets of Company B at the end of their fiscal year are shown on the following common-size table.
| Cash & Cash Equivalents | 5% |
| Accounts Receivable | 9% |
| Inventory | 3% |
| Other Current Assets | 2% |
| Property, Plant & Equipment | 62% |
| Other Long Term Assets | 19% |
Company B is MOST likely to be in which of the following industries?
A. Clothing retailer
B. Utilities
C. Commercial bank
D. Insurance
Homework Answers
Ans - B
The most likely industries is utility industries because these industries are have 60-70% of fixed assets for supporting infrastructure .of their total assets
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The assets of Company B at the end of their fiscal year are
shown on the...
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and...
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and cash equivalents $ 204 $ 133 Accounts receivable 267 157 Inventories 131 264 Prepaid insurance 12 42 Total current assets 614 596 Long term assets: Property, plant, and equipment 245 260 Less accumulated depreciation - 140 - 125 Property, plant, and equipment, net 105 135 Total assets $ 719 $ 731 Current liabilities: Accounts payable $ 97 $ 83 Wages payable 20 17 Current...
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and...
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and cash equivalents $ 204 $ 133 Accounts receivable 267 157 Inventories 131 264 Prepaid insurance 12 42 Total current assets 614 596 Long term assets: Property, plant, and equipment 245 260 Less accumulated depreciation - 140 - 125 Property, plant, and equipment, net 105 135 Total assets $ 719 $ 731 Current liabilities: Accounts payable $ 97 $ 83 Wages payable 20 17 Current...
The following December 31, 2021, fiscal year-end account balance information is available for the Stone Corporation:...
The following December 31, 2021, fiscal year-end account balance information is available for the Stone Corporation: Cash and cash equivalents $ 6,200 Accounts receivable (net) 32,000 Inventory 72,000 Property, plant, and equipment (net) 180,000 Accounts payable 51,000 Salaries payable 23,000 Paid-in capital 160,000 The only asset not listed is short-term investments. The only liabilities not listed are $42,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is...
The following December 31, 2018, fiscal year-end account balance information is available for the Stonebridge Corporation:...
The following December 31, 2018, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) Inventories Property, plant, and equipment (net) Accounts payable Wages payable Paid-in-capital $ 5,000 20,000 60,000 120,000 44,000 15,000 100,000 The only asset not listed is short-term investments. The only liabilities not listed are a $30,000 note payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 5,600 26,000 66,000 150,000 45,000 17,000 130,000 The only asset not listed is short-term investments. The only liabilities not listed are $36,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Nocounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 6,300 33,000 73,000 185,000 52,000 24,000 165,000 nces The only asset not listed is short-term investments. The only liabilities not listed are $43,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 7,000 40,000 80,000 220,000 59,000 20,000 200,000 The only asset not listed is short-term investments. The only liabilities not listed are $50,000 notes payable due in two years related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.7.1....
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents $ 5,500 Accounts receivable (net) 25,000 Inventory 65,000 Property, plant, and equipment (net) 145,000 Accounts payable 44,000 Salaries payable 16,000 Paid-in capital 125,000 The only asset not listed is short-term investments. The only liabilities not listed are $35,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is...
Wetzel Company has the following accounts and balances at the end of the fiscal year: Long...
Wetzel Company has the following accounts and balances at the end of the fiscal year: Long - Term Notes Payable Accounts Receivable Accounts Payable Building Cash and Cash Equivalents Salaries Expense Common Stock Interest Payable Land Short-term Investments Income Taxes Payable $152,000 $31,000 $42,000 $55,000 $73,000 $20,500 $23,000 $6,500 $42,000 $25,000 $14,000 O A. $116,500 B. $214,500 O C. $62,500 OD. $211,000 Short-term Investments Income Taxes Payable Equipment Supplies Service Revenue Supplies Expense Utilities Expense Income Tax Expense $25,000 $14,000...
1 The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge...
1 The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: 2 points Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 6,900 39,000 79,000 215,000 58,000 19,000 195,000 eBook The only asset not listed is short-term investments. The only liabilities not listed are $49,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current...
The following December 31, 2018, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) Inventories Property, plant, and equipment (net) Accounts payable Wages payable Paid-in-capital $ 5,000 20,000 60,000 120,000 44,000 15,000 100,000 The only asset not listed is short-term investments. The only liabilities not listed are a $30,000 note payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 5,600 26,000 66,000 150,000 45,000 17,000 130,000 The only asset not listed is short-term investments. The only liabilities not listed are $36,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Nocounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 6,300 33,000 73,000 185,000 52,000 24,000 165,000 nces The only asset not listed is short-term investments. The only liabilities not listed are $43,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end...
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 7,000 40,000 80,000 220,000 59,000 20,000 200,000 The only asset not listed is short-term investments. The only liabilities not listed are $50,000 notes payable due in two years related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.7.1....
Wetzel Company has the following accounts and balances at the end of the fiscal year: Long - Term Notes Payable Accounts Receivable Accounts Payable Building Cash and Cash Equivalents Salaries Expense Common Stock Interest Payable Land Short-term Investments Income Taxes Payable $152,000 $31,000 $42,000 $55,000 $73,000 $20,500 $23,000 $6,500 $42,000 $25,000 $14,000 O A. $116,500 B. $214,500 O C. $62,500 OD. $211,000 Short-term Investments Income Taxes Payable Equipment Supplies Service Revenue Supplies Expense Utilities Expense Income Tax Expense $25,000 $14,000...
1 The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: 2 points Cash and cash equivalents Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable Salaries payable Paid-in capital $ 6,900 39,000 79,000 215,000 58,000 19,000 195,000 eBook The only asset not listed is short-term investments. The only liabilities not listed are $49,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current...
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