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& 2 (page 4 of 5) Use these financial statements to answer the...
Number 1 and 4 I need help with Use these financial statements to answer the questions...
Number 1 and 4 I need help with
Use these financial statements to answer the questions on this quiz. Balance Sheet 2004 2005 3,000 2,100 6,800 7,300 8,800 9,000 2900 4,400 S21,500 S22,800 2004 2005 Cash Accounts receivable Inventory S1100 S 1,300 3,900 3,600 5,600 5,100 Net fixed assets10,900 12.800 Accounts payable Long-term debt Common stock Retained earnings Total assets $21500 S22.800 Total liabilities an Income Statement $41,000 Net Sales Costs Depreciation EBIT Interest Taxable income 1,600 7,900 7,500 S...
Please help number seven and eight Times New 10 Paste Styles Styles Pane Use these financial...
Please help number seven and eight
Times New 10 Paste Styles Styles Pane Use these financial statements to answer the questions on this quiz. Balance Sheet Cash Accounts receivable Inventory Net fixed assets Total assets 2004 2005 S 1100 1,300 3,900 3,600 5,600 5,100 12,800 Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity 2004 2005 S 3,000 S 2,100 6,800 7,300 8,800 9,000 2,900 4,400 10,900 Income Statement $41,000 Net Sales Costs Depreciation EBIT Interest Taxable...
Use the financial statements of a company to answer the 4 questions that follow it. When...
Use the financial statements of a company to answer the 4 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 Income Statement year ending 2016 Sales Revenues Cost of goods...
Use the financial statements of a company to answer the 4 questions that follow it. When...
Use the financial statements of a company to answer the 4 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 Income Statement year ending 2016 Sales Revenues $90,000 Cost of...
I need answer for B 80 2 A Further Look at Financial Statements (a) Comment on...
I need answer for B
80 2 A Further Look at Financial Statements (a) Comment on the relative profitability of the companies by computing the net income (b) Comment on the relative liquidity of the companies by computing working capital and (c) Comment on the relative solvency of the companies by computing the debt to assets and earnings per share for each company for 2017 the current ratio for each c ratio and the free cash flow for each company...
Please identify 5 errors in the following financial statements. Note: The 4 financial statements are for...
Please identify 5 errors in the following financial statements. Note: The 4 financial statements are for different companies. They are not related. You must clearly specify each financial statement name and its issue(s). Blazers Corporation Income Statement For the Years Ended December 31, 2016 and 2017 2016 2017 Service revenue 82,000 54,700 Total revenue 82,000 54,700 41,000 3,000 Expenses Operating expenses Supplies expenses Prepaid rent Salaries expenses Tcal expenses 39,500 2,900 5,900 8,000 56,300 44,000 Net Income(loss) 38,000 (1,600) 2016...
CASE 1 (35 points) The 2019 financial statements for Assol Corporation follow. Assets, costs, and current...
CASE 1 (35 points) The 2019 financial statements for Assol Corporation follow. Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year’s sales are projected to increase by exactly 15 percent. The firm is operating at full capacity and no new debt or equity is issued. income statement Balance sheet Sales $7,900 Current assets $3,900...
3. Use these financial statements to answer questions Cash Accounts receivable Inventory Net fixed assets Total...
3. Use these financial statements to answer questions Cash Accounts receivable Inventory Net fixed assets Total assets Balance Sheet 2007 2008 $ 2,100 $ 2,300 Accounts payable 4,900 5,600 Long-term debt 9.800 11,400 Common stock 27,100 26.800 Retained earnings $43.900 $46,100 Total liabilities and equity 2007 2008 $ 3,600 $ 4,200 24,600 15,400 11,500 13,000 4,200 13,500 $43.900 $46,100 Income Statement Net Sales $61,800 Costs 39,200 Depreciation 5,200 EBIT 17,400 Interest 1,100 Taxable income 16,300 Taxes 5,500 Net Income $10,800...
Q-4. (Financial Statements) Use the following information for Megan Corporation and; a) Set up the Balance...
Q-4. (Financial Statements) Use the following information for Megan Corporation and; a) Set up the Balance Sheet for years 2017 and 2018 and Income Statement for year 2018. b) Calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders for 2018. The tax rate is 25 percent. 2017 2018 1,500 Cash Cost of goods sold 1,200 380 1,540 1,300 400 190 220 Depreciation Interest Inventory Accounts payable Fixed assets Sales Accounts receivable Notes payable Long-term...
Use the financial statements provided below to answer Question 4. Happy Manufacturing Ltd Statement of Financial...
Use the financial statements provided below to answer Question 4. Happy Manufacturing Ltd Statement of Financial Position as at 30 June 2019 Current Assets 2019 Cash at bank 52,800 Accounts receivable 41,600 Inventory 24,000 Pre-Paid rent 750 Total Current Assets 119,150 Non-Current Assets PPE 50,000 Accumulated depreciation: PPE - 16,000 Total Non-current Assets 34,000 Total ASSETS $ 153,150 $ 2018 33,000 34,000 15,000 500 82,500 50,000 -8,000 42,000 124,500 24,000 8,000 32,000 Liabilities Accounts payable 21,000 Salaries & Wages payable...
Number 1 and 4 I need help with
Use these financial statements to answer the questions on this quiz. Balance Sheet 2004 2005 3,000 2,100 6,800 7,300 8,800 9,000 2900 4,400 S21,500 S22,800 2004 2005 Cash Accounts receivable Inventory S1100 S 1,300 3,900 3,600 5,600 5,100 Net fixed assets10,900 12.800 Accounts payable Long-term debt Common stock Retained earnings Total assets $21500 S22.800 Total liabilities an Income Statement $41,000 Net Sales Costs Depreciation EBIT Interest Taxable income 1,600 7,900 7,500 S...
Please help number seven and eight
Times New 10 Paste Styles Styles Pane Use these financial statements to answer the questions on this quiz. Balance Sheet Cash Accounts receivable Inventory Net fixed assets Total assets 2004 2005 S 1100 1,300 3,900 3,600 5,600 5,100 12,800 Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity 2004 2005 S 3,000 S 2,100 6,800 7,300 8,800 9,000 2,900 4,400 10,900 Income Statement $41,000 Net Sales Costs Depreciation EBIT Interest Taxable...
Use the financial statements of a company to answer the 4 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 Income Statement year ending 2016 Sales Revenues Cost of goods...
I need answer for B
80 2 A Further Look at Financial Statements (a) Comment on the relative profitability of the companies by computing the net income (b) Comment on the relative liquidity of the companies by computing working capital and (c) Comment on the relative solvency of the companies by computing the debt to assets and earnings per share for each company for 2017 the current ratio for each c ratio and the free cash flow for each company...
Please identify 5 errors in the following financial statements. Note: The 4 financial statements are for different companies. They are not related. You must clearly specify each financial statement name and its issue(s). Blazers Corporation Income Statement For the Years Ended December 31, 2016 and 2017 2016 2017 Service revenue 82,000 54,700 Total revenue 82,000 54,700 41,000 3,000 Expenses Operating expenses Supplies expenses Prepaid rent Salaries expenses Tcal expenses 39,500 2,900 5,900 8,000 56,300 44,000 Net Income(loss) 38,000 (1,600) 2016...
3. Use these financial statements to answer questions Cash Accounts receivable Inventory Net fixed assets Total assets Balance Sheet 2007 2008 $ 2,100 $ 2,300 Accounts payable 4,900 5,600 Long-term debt 9.800 11,400 Common stock 27,100 26.800 Retained earnings $43.900 $46,100 Total liabilities and equity 2007 2008 $ 3,600 $ 4,200 24,600 15,400 11,500 13,000 4,200 13,500 $43.900 $46,100 Income Statement Net Sales $61,800 Costs 39,200 Depreciation 5,200 EBIT 17,400 Interest 1,100 Taxable income 16,300 Taxes 5,500 Net Income $10,800...
Q-4. (Financial Statements) Use the following information for Megan Corporation and; a) Set up the Balance Sheet for years 2017 and 2018 and Income Statement for year 2018. b) Calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders for 2018. The tax rate is 25 percent. 2017 2018 1,500 Cash Cost of goods sold 1,200 380 1,540 1,300 400 190 220 Depreciation Interest Inventory Accounts payable Fixed assets Sales Accounts receivable Notes payable Long-term...
Use the financial statements provided below to answer Question 4. Happy Manufacturing Ltd Statement of Financial Position as at 30 June 2019 Current Assets 2019 Cash at bank 52,800 Accounts receivable 41,600 Inventory 24,000 Pre-Paid rent 750 Total Current Assets 119,150 Non-Current Assets PPE 50,000 Accumulated depreciation: PPE - 16,000 Total Non-current Assets 34,000 Total ASSETS $ 153,150 $ 2018 33,000 34,000 15,000 500 82,500 50,000 -8,000 42,000 124,500 24,000 8,000 32,000 Liabilities Accounts payable 21,000 Salaries & Wages payable...
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