You've collected the following information about a company:
1. What are total assets?
2. What is total equity?
3. What is retained earnings?
Homework Answers
| Assets | Liabilities and Equity | ||
| Cash | 13,000 | Accounts payable | 19,000 |
| Marketable Securities | 2,000 | Notes payable | 6,000 |
| Accounts receivable | 6,000 | Current liabilities | 25,000 |
| Inventory | 42,000 | Long term debt | 95,000 |
| Current Assets | 63,000 | Total liabilities | 120,000 |
| Machines | 34,000 | Paid in Capital | 20,000 |
| Real Estate | 80,000 | Retained Earnings | 37,000 |
| Fixed Assets | 114,000 | Equity | 57,000 |
| Total Assets | 177,000 | Total liab. & equity | 177,000 |
1. What are the total assets?
177,000
2. What is total equity?
57,000
3. What is retained earnings?
37,000
Add Answer to:
You've collected the following information about a
company:
1. What are total assets?
2. What is...
You've collected the following information about a company: What are the total assets & total equity?...
You've collected the following information about a company:
What are the total assets & total
equity?
Intro You've collected the following information about a company: Assets Liabilities and Equity Cash 9,000 Accounts payable 18,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 4,000 Current liabilities Inventory 29,000 Long-term debt 95,000 Current assets Total liabilities Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings Fixed assets Equity Total assets Total liab. & equity
8. Sales for the year were $76,000 and cost of goods sold were $60,800. The balance...
8. Sales for the year were $76,000 and cost of goods sold were $60,800. The balance sheet at the end of the year is given below: Assets Liabilities and Equity Cash 8,000 Accounts payable 18,000 Accounts receivable 7,000 Current liabilities 18,000 Inventory 39,000 Long-term debt 95,000 Current assets 54,000 Total liabilities 113,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 35,000 Net fixed assets 114,000 Equity 55,000 Total assets 168,000 Total liab. & equity 168,000 a. What is...
Intro You've collected the following information about a company Value Line item Sales Costs Depreciation Interest...
Intro You've collected the following information about a company Value Line item Sales Costs Depreciation Interest The company's average tax rate is 13%. B Attempt 2/10 for 8 pts. Part 1 What is EBIT? Correct v EBIT = Sales - Costs - Depreciation = 160 - 30 - 10 = 120 Part 2 IS- Attempt 4/10 for 6 pts. What is net income? tecime Submit Intro You've collected the folowing information about a company Value 660 Line item Sales Costs...
Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory...
Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Fixed assets Total assets 9,000 2,000 6,000 24,000 41,000 34,000 80,000 114,000 155,000 Liabilities and Equity Accounts payable 17,000 Notes payable 6,000 Current liabilities 23,000 Long-term debt 95,000 Total liabilities 118,000 Paid-in capital 20,000 Retained earnings 17,000 Equity 37,000 Total liab. & equity 155,000 - Attempt 1/10 for 10 pts. Part 1 What is the current ratio? 2+ decimals...
4. Below is the balance sheet for Stieger Corp. The current stock price is $52 and...
4. Below is the balance sheet for Stieger Corp. The current stock price is $52 and there are 4,500 shares outstanding. Assets Cash 14,000 Marketable securities Accounts receivable Inventory Current assets 2,000 7,000 23,000 46,000 34,000 80,000 114,000 160,000 Liabilities and Equity Accounts payable 21,000 Notes payable 6,000 Current liabilities 27,000 Long-term debt 95,000 Total liabilities 122,000 Paid-in capital 20,000 Retained earnings 18,000 Equity 38,000 Total liab. & equity | 160,000 Machines Real estate Fixed assets Total assets a. What...
3. Below is the balance sheet for Glucose Control Company as of Dec. 31, 2018. The...
3. Below is the balance sheet for Glucose Control Company as of Dec. 31, 2018. The company reported an annual net income of $85,000 for the following year, 2019, but did not change its assets or liabilities, unless otherwise noted. Assets Cash Marketable securities Accounts receivable Inventory Current assets 13,000 2,000 5,000 33,000 53,000 34,000 80,000 114,000 167,000 Liabilities and Equity Accounts payable 18,000 Notes payable 6,000 Current liabilities 24,000 Long-term debt 95,000 Total liabilities 119,000 Paid-in capital 20,000 Retained...
Intro Epson expects the following financial data during the coming year. • Assets: $120,000 • Total...
Intro Epson expects the following financial data during the coming year. • Assets: $120,000 • Total debt ratio = Debt/Assets (book values): 30% EBIT: $49,000 • Interest rate: 6% • Tax rate: 34% JB Attempt 1/10 for 10 pts. Part 1 What is the firm's expected ROE? 3+ decimals Submit Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines 12,000 2,000 6,000 33,000 53,000 34,000 80,000 114,000 167,000 Liabilities and...
Classified Balance Sheet The George Company collected the following information for the preparation of its December...
Classified Balance Sheet The George Company collected the following information for the preparation of its December 31, classified balance sheet: Property Plant and Accounts Receivable $22,000 Equipment $200,000 Cash 17,000 Inventory 57,000 Other Long-Term Other Current Assets 25,000 Assets 40,000 Common Accounts Payable 25,000 stock 92,000 Retained Long-Term Liabilities 60,000 Earnings ? Other Current Liabilities 19.000 Prepare a classified balance sheet for George Company. GEORGE COMPANY Balance Sheet December 31 Assets Liabilities & Stockholders' Equity Current Assets: Current Liabilities: $...
1. a. The balance sheet shows a company's assets and liabilities, at one point in time...
1. a. The balance sheet shows a company's assets and liabilities, at one point in time assets and liabilities; over a period of time revenue and costs; at one point in time revenue and costs, over a period of time b. Which are examples of current assets? Check all that apply: Cash Accounts receivable Accrued expenses Inventory c. Which are examples of current liabilities? Check all that apply: Accounts payable Accrued wages Current portion of long-term debt Paid-in capital 2....
Use the balance sheets and information provided about revenue and expenses to answer the question. Stuart...
Use the balance sheets and
information provided about revenue and expenses to answer the
question. Stuart Company Balance Sheet As of December 31, 2018
(amounts in thousands) Cash 84,000 Accounts Payable 28,000 Accounts
Receivable 47,000 Debt 34,000 Inventory 42,000 Other Liabilities
9,000 Property Plant & Equipment, Gross 243,000 Total
Liabilities 71,000 Accumulated Depreciation 71,000 Paid-In Capital
67,000 Property Plant & Equipment, Net 172,000 Retained
Earnings 235,000 Other Assets 28,000 Total Equity 302,000 Total
Assets 373,000 Total Liabilities & Equity 373,000...
You've collected the following information about a company:
What are the total assets & total
equity?
Intro You've collected the following information about a company: Assets Liabilities and Equity Cash 9,000 Accounts payable 18,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 4,000 Current liabilities Inventory 29,000 Long-term debt 95,000 Current assets Total liabilities Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings Fixed assets Equity Total assets Total liab. & equity
8. Sales for the year were $76,000 and cost of goods sold were $60,800. The balance sheet at the end of the year is given below: Assets Liabilities and Equity Cash 8,000 Accounts payable 18,000 Accounts receivable 7,000 Current liabilities 18,000 Inventory 39,000 Long-term debt 95,000 Current assets 54,000 Total liabilities 113,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 35,000 Net fixed assets 114,000 Equity 55,000 Total assets 168,000 Total liab. & equity 168,000 a. What is...
Intro You've collected the following information about a company Value Line item Sales Costs Depreciation Interest The company's average tax rate is 13%. B Attempt 2/10 for 8 pts. Part 1 What is EBIT? Correct v EBIT = Sales - Costs - Depreciation = 160 - 30 - 10 = 120 Part 2 IS- Attempt 4/10 for 6 pts. What is net income? tecime Submit Intro You've collected the folowing information about a company Value 660 Line item Sales Costs...
Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Fixed assets Total assets 9,000 2,000 6,000 24,000 41,000 34,000 80,000 114,000 155,000 Liabilities and Equity Accounts payable 17,000 Notes payable 6,000 Current liabilities 23,000 Long-term debt 95,000 Total liabilities 118,000 Paid-in capital 20,000 Retained earnings 17,000 Equity 37,000 Total liab. & equity 155,000 - Attempt 1/10 for 10 pts. Part 1 What is the current ratio? 2+ decimals...
4. Below is the balance sheet for Stieger Corp. The current stock price is $52 and there are 4,500 shares outstanding. Assets Cash 14,000 Marketable securities Accounts receivable Inventory Current assets 2,000 7,000 23,000 46,000 34,000 80,000 114,000 160,000 Liabilities and Equity Accounts payable 21,000 Notes payable 6,000 Current liabilities 27,000 Long-term debt 95,000 Total liabilities 122,000 Paid-in capital 20,000 Retained earnings 18,000 Equity 38,000 Total liab. & equity | 160,000 Machines Real estate Fixed assets Total assets a. What...
3. Below is the balance sheet for Glucose Control Company as of Dec. 31, 2018. The company reported an annual net income of $85,000 for the following year, 2019, but did not change its assets or liabilities, unless otherwise noted. Assets Cash Marketable securities Accounts receivable Inventory Current assets 13,000 2,000 5,000 33,000 53,000 34,000 80,000 114,000 167,000 Liabilities and Equity Accounts payable 18,000 Notes payable 6,000 Current liabilities 24,000 Long-term debt 95,000 Total liabilities 119,000 Paid-in capital 20,000 Retained...
Intro Epson expects the following financial data during the coming year. • Assets: $120,000 • Total debt ratio = Debt/Assets (book values): 30% EBIT: $49,000 • Interest rate: 6% • Tax rate: 34% JB Attempt 1/10 for 10 pts. Part 1 What is the firm's expected ROE? 3+ decimals Submit Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines 12,000 2,000 6,000 33,000 53,000 34,000 80,000 114,000 167,000 Liabilities and...
Classified Balance Sheet The George Company collected the following information for the preparation of its December 31, classified balance sheet: Property Plant and Accounts Receivable $22,000 Equipment $200,000 Cash 17,000 Inventory 57,000 Other Long-Term Other Current Assets 25,000 Assets 40,000 Common Accounts Payable 25,000 stock 92,000 Retained Long-Term Liabilities 60,000 Earnings ? Other Current Liabilities 19.000 Prepare a classified balance sheet for George Company. GEORGE COMPANY Balance Sheet December 31 Assets Liabilities & Stockholders' Equity Current Assets: Current Liabilities: $...
1. a. The balance sheet shows a company's assets and liabilities, at one point in time assets and liabilities; over a period of time revenue and costs; at one point in time revenue and costs, over a period of time b. Which are examples of current assets? Check all that apply: Cash Accounts receivable Accrued expenses Inventory c. Which are examples of current liabilities? Check all that apply: Accounts payable Accrued wages Current portion of long-term debt Paid-in capital 2....
Use the balance sheets and
information provided about revenue and expenses to answer the
question. Stuart Company Balance Sheet As of December 31, 2018
(amounts in thousands) Cash 84,000 Accounts Payable 28,000 Accounts
Receivable 47,000 Debt 34,000 Inventory 42,000 Other Liabilities
9,000 Property Plant & Equipment, Gross 243,000 Total
Liabilities 71,000 Accumulated Depreciation 71,000 Paid-In Capital
67,000 Property Plant & Equipment, Net 172,000 Retained
Earnings 235,000 Other Assets 28,000 Total Equity 302,000 Total
Assets 373,000 Total Liabilities & Equity 373,000...
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