Homework Answers
| Cash | $750,000 | |
| Fair value of inventory | $3,500,000 | |
| Other current assets at zero | ||
| Net PPE | $625,000 | |
| Brand value | $900,000 | |
| Total assets | $5,775,000 | |
| Less: | ||
| Total current liabilities | $650,000 | |
| Pension obligations | $100,000 | |
| Long term debt | $260,000 | $1,010,000 |
| True value of equity owners | $4,765,000 |
Just provided for understanding
| True value of equity owners | $4,765,000 | |
| Divided by: shares outstanding | 5,500,000 | |
| Instrisic value per share | $0.87 |
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This information is for the next three questions about NVR Inc. NVR Inc. (NVR) builds and...
1. You are provided with the following information about the Heartland Hotel Corporation. Calculate the balance...
1. You are provided with the following information about the Heartland Hotel Corporation. Calculate the balance sheet highlighted in blue below for the end of the year for Heartland Hotel Corporation. Current Ratio 1.2 Current liabilities $100,000 Debt/Equity Ratio Acid Test Ratio Inventory turnover ratio 4 times Cost of goods sold $160,000 Accounts receivable $ 40,000 Net income $90,000 Return on assets 10% 2.0 Liabilities 1) Assets Cash Accts Receivable Inventory Total Current Assets 2) 3) 4) Total Current Liabilities...
The income statement, balance sheets, and additional information for Video Phones, Inc., are provided. VIDEO PHONES,...
The income statement, balance sheets, and additional information for Video Phones, Inc., are provided. VIDEO PHONES, INC. Income Statement For the Year Ended December 31, 2018 Net sales $ 3,636,000 Expenses: Cost of goods sold $ 2,450,000 Operating expenses 958,000 Depreciation expense 37,000 Loss on sale of land 9,000 Interest expense 20,000 Income tax expense 58,000 Total expenses 3,532,000 Net income $ 104,000 VIDEO PHONES, INC. Balance Sheet December 31 2018 2017 Assets Current assets: Cash $ 254,600 ...
Market Values and Book Values [LO1] Klingon Widgets, Inc., purchased new cloaking machinery three years ago...
Market Values and Book Values [LO1] Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6 million. The machinery can be sold to the Romulans today for $5.1 million. Klingon’s current balance sheet shows net fixed assets of $3.4 million, current liabilities of $895,000, and net working capital of $235,000. If the current assets and current liabilities were liquidated today, the company would receive a total of $1.15 million cash. What is the book value of Klingon’s total...
The Amos Corporation reported the following income statement and balance sheet amounts and additional information for...
The Amos Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. End of current year End of prior year Net sales revenue (all credit) $1,220,000 Cost of goods sold $725,000 Gross profit $495,000 Selling/general expenses $280,000 Interest expense $48,000 Net Income $167,000 Current assets $113,000 $82,000 Longminus−term assets $512,000 $440,000 Total assets $625,000 $522,000 Current liabilities $57,000 $52,000 Longminus−term liabilities $275,000 $245,000 Common stockholders' equity $293,000 $225,000 Total liabilities...
Required information [The following information applies to the questions displayed below.) Pumpworks Inc. and Seaworthy Rope...
Required information [The following information applies to the questions displayed below.) Pumpworks Inc. and Seaworthy Rope Company agreed to merge on January 1, 20X3. On the date of the merger agreement, the companies reported the following data: Pumpworks Book Value Fair Value Seaworthy Rope Company Book Value Fair Value $ 101,000 101,000 101,000 410,000 (141,000) $ 572,000 $191,000 156,000 146,000 310,000 $ 15,000 25,000 5,000 218,000 (62.000 $ 201,000 $ 15,000 37,000 10,000 pict 128,000 ure $190,000 Balance Sheet Items...
Sorry about that, hopefully these are clearer! Required Information (The following information applies to the questions...
Sorry about that, hopefully these are clearer!
Required Information (The following information applies to the questions displayed below.) Golden Corps current year Income statement, comparative balance sheets, and additional Information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of Inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for Inventory. (5) Other Expenses are all cash expenses, and (6) any...
Balance Sheet: Use the following financial information to prepare a balance sheet: Burger Shack, Inc.; Balance...
Balance Sheet: Use the following financial information to prepare a balance sheet: Burger Shack, Inc.; Balance Sheet Inventory 335,000 Accounts Receivable Accounts Payable 40.000 Buildings Furniture and Fixtures 16,000 Trademark Mortgage 325,000 Note Payable (6 month) Equipment and Vehicles 40,000 Retained Earnings Notes Receivable (3 month) 50,000 Land Common Stock (1,000,000 shares) 100,000 Cash Salaries Payable 90,000 192,000 110,000 20,000 150,000 113,000 40,000 15,000 Assets Current Assets Total Current Assets Fixed Assets Total Fixed Assets Intangible Assets Total Intangible Assets...
The Amos Corporation reported the following income statement and balance sheet amounts and additional information for...
The Amos Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. End of current year End of prior year Net sales revenue (all credit) $ 1 comma 520 comma 000$1,520,000 Cost of goods sold $ 1 comma 025 comma 000$1,025,000 Gross profit $495,000 Selling/general expenses $280,000 Interest expense $42,000 Net Income $173,000 Current assets $ 116 comma 000$116,000 $82,000 Longminus−term assets $ 509 comma 000$509,000 $440,000 Total assets $625,000...
The Amos Corporation reported the following income statement and balance sheet amounts and additional information for...
The Amos Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. End of current year End of prior year Net sales revenue (all credit) $ 1 comma 220 comma 000$1,220,000 Cost of goods sold $ 725 comma 000$725,000 Gross profit $495,000 Selling/general expenses $280,000 Interest expense $42,000 Net Income $173,000 Current assets $ 113 comma 000$113,000 $82,000 Longminus−term assets $ 512 comma 000$512,000 $440,000 Total assets $625,000 $522,000 Current...
The Amos Corporation reported the following income statement and balance sheet amounts and additional information for...
The Amos Corporation reported the following income statement and balance sheet amounts and additional information for the end of the current year. End of current year End of prior year Net sales revenue (all credit) $ 1 comma 520 comma 000$1,520,000 Cost of goods sold $ 1 comma 025 comma 000$1,025,000 Gross profit $495,000 Selling/general expenses $280,000 Interest expense $42,000 Net Income $173,000 Current assets $113,000 $82,000 Longminus−term assets $512,000 $440,000 Total assets $625,000 $522,000 Current liabilities $57,000 $52,000 Longminus−term...
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Required information [The following information applies to the questions displayed below.) Pumpworks Inc. and Seaworthy Rope Company agreed to merge on January 1, 20X3. On the date of the merger agreement, the companies reported the following data: Pumpworks Book Value Fair Value Seaworthy Rope Company Book Value Fair Value $ 101,000 101,000 101,000 410,000 (141,000) $ 572,000 $191,000 156,000 146,000 310,000 $ 15,000 25,000 5,000 218,000 (62.000 $ 201,000 $ 15,000 37,000 10,000 pict 128,000 ure $190,000 Balance Sheet Items...
Sorry about that, hopefully these are clearer!
Required Information (The following information applies to the questions displayed below.) Golden Corps current year Income statement, comparative balance sheets, and additional Information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of Inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for Inventory. (5) Other Expenses are all cash expenses, and (6) any...
Balance Sheet: Use the following financial information to prepare a balance sheet: Burger Shack, Inc.; Balance Sheet Inventory 335,000 Accounts Receivable Accounts Payable 40.000 Buildings Furniture and Fixtures 16,000 Trademark Mortgage 325,000 Note Payable (6 month) Equipment and Vehicles 40,000 Retained Earnings Notes Receivable (3 month) 50,000 Land Common Stock (1,000,000 shares) 100,000 Cash Salaries Payable 90,000 192,000 110,000 20,000 150,000 113,000 40,000 15,000 Assets Current Assets Total Current Assets Fixed Assets Total Fixed Assets Intangible Assets Total Intangible Assets...
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