Homework Answers
1.CURRENT RATIO
CURRENT ASSETS / CURRENT LIABILITIES
CURRENT ASSETS = 15100+7980+12740+10750
= 46,570
CURRENT LIABILITIES= 8540+3080
= 11620
CURRENT RATIO = 46570 / 11620
= 4.00
WE CONSIDER MORTGAGE PAYABLE AS LONG TERM CURRENT LIABILITES
2. EARNING PER SHARE
NET INCOME / WEIGHTED AVERGE NO OF SHARES
= 14600 / 890
= 16.40 PER SHARE
3. QUICK RATIO = (CURRENT ASSETS - INVENTORY) / CURRENT LIABILITES
CURRENT ASSETS - INVENTORY = 46,570-10750 = 35820
QUICK RATIO = 35820 / 11620
= 3.08
4. RETURN ON INVESTMENT = NET PROFIT / COST OF INVESTMENT
COST OF INVESTMENT = 170500
= 14600 / 170500
= 8.56%
5. RETURN ON EQUITY = NET PROFIT / SHAREHOLDER EQUITY
SHAREHOLDER EQUITY = 114400+52070 = 166470
= 14600 / 166470
= 8.77%
6. DEBT TO EQUITY = DEBT / EQUITY
DEBT = 4600+21480 = 26080
= 26080 / 166470
= 0.15
Add Answer to:
Following is the balance sheet of Jordan Company for Year 3: JORDAN COMPANY Balance sheet Assets...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securi...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash $ 15,100 8,020 13,160 11,450 173,000 (12,600) $208,130 Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 8,930 3, 440 5,000 21,960 113,600 55,200 $208,130 The average number of common stock shares outstanding during 2018 was 860 shares. Net...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,250 8,220 13,340 11,500 166,000 (12,600) $ 201,710 $ 8,660 3,120 4,150 21,600 113,500 50,680 $ 201, 710 The average number of common stock shares outstanding during 2018 was...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,550 7,900 12,800 11,200 167,500 (12,900) $ 201,050 8.690 3,000 4,300 21.360 113,700 50,000 $ 201,050 The average number of common stock shares outstanding during 2018 was 860 shares....
Following is the balance sheet of Gibson Company for 2018: GIBSON COMPANY Balance sheet Assets Cash Marketable secu...
Following is the balance sheet of Gibson Company for 2018: GIBSON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation $. 14,850 7,580 12,920 11,450 168,500 (12,000) $203,300 Total assets Liabilities and Stockholders Equity Accounts payable Current notes payable Mortgage payable Bonds payable 8,180 3,240 4,600 21,780 114,800 50,700 $203,300 Common stock Retained earnings Total 1iabilities and stockholders' equity The average number of common stock shares outstanding during 2018 was 890 shares. Net income...
Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Finch...
Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,500 8,140 12,500 11,350 168,000 (12,500) $ 201,999 $ 8,480 3,080 4,500 21,360 114,100 50,470 $ 201,990 The average number...
The balance sheet for Vernon Corporation follows: Current assets $ 246,000 Long-term assets (net) 761,000 Total...
The balance sheet for Vernon Corporation follows: Current assets $ 246,000 Long-term assets (net) 761,000 Total assets $ 1,007,000 Current liabilities $ 155,000 Long-term liabilities 457,000 Total liabilities 612,000 Common stock and retained earnings 395,000 Total liabilities and stockholders’ equity $ 1,007,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt to assets ratio % Debt to equity ratio Following is the balance sheet of Adams Company for 2018: ADAMS COMPANY Balance sheet Assets...
Check my Following is the balance sheet of Franklin Company for 2018 FRANKLIN COMPANY lance sheet...
i need part D and part F please and thanks
Check my Following is the balance sheet of Franklin Company for 2018 FRANKLIN COMPANY lance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,858 8,188 13,228 10,7e0 168,e00 (12,680) $202,356e $ 8,930 3,520 4,350 21,420 114,20e 49,930 $202,35 The average...
The balance sheet for Jordan Corporation follows: Current as sets $ 250,000 766,000 Long-term assets (net)...
The balance sheet for Jordan Corporation follows: Current as sets $ 250,000 766,000 Long-term assets (net) Total assets $1,016,000 Current liabilities $ 155,000 445,000 600,000 416,000 Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $1,016,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio % Debt to assets ratio Debt to equity ratio
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash $ 15,100 8,020 13,160 11,450 173,000 (12,600) $208,130 Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 8,930 3, 440 5,000 21,960 113,600 55,200 $208,130 The average number of common stock shares outstanding during 2018 was 860 shares. Net...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,250 8,220 13,340 11,500 166,000 (12,600) $ 201,710 $ 8,660 3,120 4,150 21,600 113,500 50,680 $ 201, 710 The average number of common stock shares outstanding during 2018 was...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,550 7,900 12,800 11,200 167,500 (12,900) $ 201,050 8.690 3,000 4,300 21.360 113,700 50,000 $ 201,050 The average number of common stock shares outstanding during 2018 was 860 shares....
Following is the balance sheet of Gibson Company for 2018: GIBSON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation $. 14,850 7,580 12,920 11,450 168,500 (12,000) $203,300 Total assets Liabilities and Stockholders Equity Accounts payable Current notes payable Mortgage payable Bonds payable 8,180 3,240 4,600 21,780 114,800 50,700 $203,300 Common stock Retained earnings Total 1iabilities and stockholders' equity The average number of common stock shares outstanding during 2018 was 890 shares. Net income...
Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,500 8,140 12,500 11,350 168,000 (12,500) $ 201,999 $ 8,480 3,080 4,500 21,360 114,100 50,470 $ 201,990 The average number...
i need part D and part F please and thanks
Check my Following is the balance sheet of Franklin Company for 2018 FRANKLIN COMPANY lance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,858 8,188 13,228 10,7e0 168,e00 (12,680) $202,356e $ 8,930 3,520 4,350 21,420 114,20e 49,930 $202,35 The average...
The balance sheet for Jordan Corporation follows: Current as sets $ 250,000 766,000 Long-term assets (net) Total assets $1,016,000 Current liabilities $ 155,000 445,000 600,000 416,000 Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $1,016,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio % Debt to assets ratio Debt to equity ratio
Most questions answered within 3 hours.
-
Explain some different types of fungi. State the different
divisions undergo by fungi.
asked 1 minute ago -
The shortest time that 120 C can flow through a 20 A circuit
breaker without tripping...
asked 1 minute ago -
A software design pattern is a general, reusable solution to a
commonly occurring problem, acting as...
asked 4 minutes ago -
The mean waiting time at the drive-through of a fast-food
restaurant from the time an order...
asked 20 minutes ago -
The pitch (p) of a helix is defined as p = dn, in which n is...
asked 22 minutes ago -
Do you agree that the declining stock of social capital is the
blame for the failure...
asked 26 minutes ago -
A researcher is interested in whether coffee consumption helps
with performance on reading comprehension tasks. The...
asked 36 minutes ago -
it has been estimated since the beginning of the human race that
about 133 metric ton...
asked 41 minutes ago -
Where must Medicare prescription drug plans allow for
participants to fill their prescriptions?
asked 44 minutes ago -
Five moles of monatomic ideal gas have initial pressure 2.50 ×
103 Pa and initial volume...
asked 59 minutes ago -
A resistor and the capacitor are used to control the timing in
the RC circuit of...
asked 59 minutes ago -
Living in a group could bring several disadvantages to an
individual. What are some of the...
asked 1 hour ago