Homework Answers
| 2020 | 2019 | ||
| Current ratio | 1.81 | 1.44 | :1 |
| Inventory turnover | 2.37 | 2.62 | Times |
| Profit margin | 8.51 | 6.81 | % |
| Return on assets | 167.07 | 170.46 | % |
| Return on stockholders equity | 18.46 | 14.4 | % |
| Debt to assets ratio | 54.99 | 52.51 | % |
| Time interest earned | 13 | 33 |
Times |
Profit margin 2020 = 5.11 %
2019 = 4.09 %
Return on assets = Net income/avg total assets
2020 = 8.55 %
2019 = 6.97 %
Times interest earned =Income before Interest and taxes / Interest expense
2020 = 33 times
2019 = 13 times
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Exercise 18-13 The condensed financial statements of Ness Company for the years 2019 and 2020 are...
The condensed financial statements of Ness Company for the years 2019 and 2020 are presented below....
The condensed financial statements of Ness Company for the years 2019 and 2020 are presented below. Ness Company Balance Sheets December 31 (in thousands) 2020 2019 Current assets Cash and cash equivalents $320 $350 Accounts receivable (net) 420 430 Inventory 430 380 Prepaid expenses 140 160 Total current assets 1,310 1,320 Property, plant, and equipment (net) 370 380 Investments 1 10 Intangibles and other assets 520 470 Total assets $2,201 $2,180 Current liabilities $740 $780 Long-term liabilities 451 390 Stockholders’...
The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows....
The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands MURAWSKI COMPANY Balance Sheets December 31 2020 2019 $ 352 $ 354 360 1.268 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $2.203 $ 804 $ 912 360 1.070 1.041 $2.205 $2364...
Exercise 18-13 Partially correct answer. Your answer is partially correct. Try again. The condensed financial statements...
Exercise 18-13 Partially correct answer. Your answer is partially correct. Try again. The condensed financial statements of Ness Company for the years 2019 and 2020 are presented below. Ness Company Balance Sheets December 31 (in thousands) 2020 2019 Current assets Cash and cash equivalents $330 $390 Accounts receivable (net) 440 430 Inventory 440 400 Prepaid expenses 150 180 Total current assets 1,360 1,400 Property, plant, and equipment (net) 430 400 Investments 1 10 Intangibles and other assets 530 560 Total...
The condensed financial statements of Blossom Company for the years 2019 and 2020 are presented as...
The condensed financial statements of Blossom Company for the years 2019 and 2020 are presented as follows. (Amounts in thousands.) BLOSSOM COMPANY Balance Sheets December 31 2020 2019 $330 $360 670 600 500 430 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets 120 160 1,620 210 420 530 1,550 210 380 510 Total assets $2,780 $2,650 $990 Current liabilities Long-term liabilities Stockholders' equity-common $1,100...
"Exercise 9-13 The condensed financial statements of Ness Company for the years 2016 and 2017 are...
"Exercise 9-13 The condensed financial statements of Ness Company for the years 2016 and 2017 are presented below. NESS COMPANY Balance Sheets December 31 (in thousands) 017 2016 $330 . Current assets hand cashewivalents Accounts receivable (net) Inventory 10 Total current assets Property, plant, and equipment (net) 1.390 410 1,300 30 Intang bles and others asets 530 510 12.340 32,210 $820 5790 Long term Stockholders equity common Total abilities and 1.040 1,040 requity 12.10 $2,210 Income Statements For the Year...
The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows....
The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.) MURAWSKI COMPANY Balance Sheets December 31 2020 2019 $ 367 472 472 122 1,433 15 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $ 378 382 400 160 1,320 14 350 480...
Do It! Review 14-3 The condensed financial statements of Murawski Company for the years 2019 and...
Do It! Review 14-3 The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.) MURAWSKI COMPANY Balance Sheets December 31 2020 2019 $ 380 378 $ 359 468 466 144 368 1,437 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 174 1,300...
would like help wit understanding what numbers are used for the problems. The condensed financial statements...
would like help wit understanding what numbers are used for
the problems.
The condensed financial statements of Ness Company for the years 2019 and 2020 are presented Ness Company Balance Sheets December 31 (in thousands) 2020 2019 $330 $390 430 440 440 400 150 180 1,400 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity--common Total...
Exercise 13-13 The condensed financial statements of Cullumber Company for the years 2016 and 2017 are...
Exercise 13-13 The condensed financial statements of Cullumber Company for the years 2016 and 2017 are presented below. CULLUMBER COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses $330 $360 650 580 620 550 130 160 1,730 1,650 410 380 190 190 530510 $2,860 $2,730 $1,000 $970 540 1,220 1,220 Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current liabilities Long-term...
The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows.
The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.) Compute the following ratios for 2020 and 2019. (Round current ratio and inventory turnover ratio to 2 decimal places, e.g. 1.62 decimal place, e.g. 1.6 or 1.6%.) (a) Current ratio. (b) Inventory turnover. (Inventory on 12/31/18 was $341.) (c) Profit margin ratio. (d) Return on assets. (Assets on 12/31/18 were $1,872.) (e) Return on common stockholders' equity. (Stockholders' equity on 12/31/18 was $898.) (f) Debt to assets ratio. (g)...
The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands MURAWSKI COMPANY Balance Sheets December 31 2020 2019 $ 352 $ 354 360 1.268 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $2.203 $ 804 $ 912 360 1.070 1.041 $2.205 $2364...
The condensed financial statements of Blossom Company for the years 2019 and 2020 are presented as follows. (Amounts in thousands.) BLOSSOM COMPANY Balance Sheets December 31 2020 2019 $330 $360 670 600 500 430 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets 120 160 1,620 210 420 530 1,550 210 380 510 Total assets $2,780 $2,650 $990 Current liabilities Long-term liabilities Stockholders' equity-common $1,100...
"Exercise 9-13 The condensed financial statements of Ness Company for the years 2016 and 2017 are presented below. NESS COMPANY Balance Sheets December 31 (in thousands) 017 2016 $330 . Current assets hand cashewivalents Accounts receivable (net) Inventory 10 Total current assets Property, plant, and equipment (net) 1.390 410 1,300 30 Intang bles and others asets 530 510 12.340 32,210 $820 5790 Long term Stockholders equity common Total abilities and 1.040 1,040 requity 12.10 $2,210 Income Statements For the Year...
The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.) MURAWSKI COMPANY Balance Sheets December 31 2020 2019 $ 367 472 472 122 1,433 15 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $ 378 382 400 160 1,320 14 350 480...
Do It! Review 14-3 The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands.) MURAWSKI COMPANY Balance Sheets December 31 2020 2019 $ 380 378 $ 359 468 466 144 368 1,437 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 174 1,300...
would like help wit understanding what numbers are used for
the problems.
The condensed financial statements of Ness Company for the years 2019 and 2020 are presented Ness Company Balance Sheets December 31 (in thousands) 2020 2019 $330 $390 430 440 440 400 150 180 1,400 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity--common Total...
Exercise 13-13 The condensed financial statements of Cullumber Company for the years 2016 and 2017 are presented below. CULLUMBER COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses $330 $360 650 580 620 550 130 160 1,730 1,650 410 380 190 190 530510 $2,860 $2,730 $1,000 $970 540 1,220 1,220 Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current liabilities Long-term...
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