XYZ balance sheet lists $15,000 cash, $26,000 inventory, $37,000 account receivables, $24,000 account payable and $39,000...
XYZ balance sheet lists $15,000 cash, $26,000 inventory, $37,000 account receivables, $24,000 account payable and $39,000 short-term debt. Calculate the "net" working capital.
Homework Answers
Ans $ 15000
The "net" working capital of the firm is $ 15000
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XYZ balance sheet lists $15,000 cash, $26,000 inventory, $37,000
account receivables, $24,000 account payable and $39,000...
Assets Cash 25 Receivables (net) 56 Inventory 51 PP & E (net) 201 Goodwill 25 Total...
Assets Cash 25 Receivables (net) 56 Inventory 51 PP & E (net) 201 Goodwill 25 Total assets 358 Liabilities & Equity Accounts payable 59 Short term debt 12 Long term debt 130 Preferred stock 17 Common Equity 140 Total Liabilities + Equity 358 Questions: Show your work and calculations (Answers that are Multiples (X) or Percents (%) should be carried to 1 decimal place) 1. What is Newco’s net working capital? ($) 2. Calculate its balance sheet financial leverage using...
Problem 3: Using the balance sheet below, calculate current ratio and gross working capital. Balance Sheet...
Problem 3: Using the balance sheet below, calculate current ratio and gross working capital. Balance Sheet information for XYZ Company: Cash Accounts Receivable Inventory Land Buildings Accum. Depreciation 60,000 10,000 40,000 30,000 50,000 (10,000) Accounts Payable Payroll Liabilities Payable Current Long-Term Debt Long-Term Debt 30,000 5,000 10,000 30,000
prepare a classified balance sheet Balance Sheet 99 999 Financial Statement Item Accounts payable Accounts receivable...
prepare a classified balance sheet
Balance Sheet 99 999 Financial Statement Item Accounts payable Accounts receivable Accrued expenses payable Additional paid-in capital Cash and cash equivalents . Common stock ($10 par value) Cost of sales General and administrative expenses Income tax expense Intangible assets, net Interest and other income, net Inventory Long-term notes payable Other current assets . Other current liabilities Other noncurrent assets. Prepaid expenses Property, plant and equipment (net) Research and development costs Retained earnings Sales and service...
Prepare a balance sheet from the following information. What is the net working capital and debt...
Prepare a balance sheet from the following information. What is
the net working capital and debt ratio?
3-3. (Preparing a balance sheet) Prepare a balance sheet from the following information. What is the net working capital and debt ratio? Cash $ 50,000 Accounts receivable 42,700 Accounts payable 23,000 Short-term notes payable 10,500 Inventories 40,000 Gross fixed assets 1,280,000 Other current assets 5,000 Long-term debt 200,000 Common stock 490,000 Other assets 15,000 Accumulated depreciation 312,000 Retained earnings 3-4. (Preparing a balance...
Credits Debits $ 55,000 39,000 45,000 15,000 100,000 Account Title Cash Accounts receivable Inventories Prepaid insurance...
Credits Debits $ 55,000 39,000 45,000 15,000 100,000 Account Title Cash Accounts receivable Inventories Prepaid insurance Equipment Accumulated depreciation equipment Patent, net Accounts payable Interest payable Note payable (due in 10, equal annual installments) Common stock Retained earnings Totals $ 34,000 40,000 12,000 2,000 100,000 70,000 76,000 $ 294,000 $294,000 a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio. Current Ratio Numerator Current Assets 154,000 $ 24,000 6.42 Denominator Current Liabilities Acid-Test...
The balance sheet of Binger, Inc. has the following balances: Cash Accounts receivable Inventory Net fixed...
The balance sheet of Binger, Inc. has the following balances: Cash Accounts receivable Inventory Net fixed assets Accounts payable Long-term debt Beginning balance $30,300 48,200 126,500 611,900 43,200 415,000 Ending balance $32,800 51,600 129,200 574,300 53,600 304,200 What is the amount of the change in net working capital? 8100 -1800 1800 -7400
Selected amounts from Reingold Company’s balance sheet from the beginning of the year follow: Cash $...
Selected amounts from Reingold Company’s balance sheet from the beginning of the year follow: Cash $ 79,000 Marketable Securities $ 16,500 Accounts receivable, net $ 371,600 Inventory $ 483,400 Prepaid expenses $ 14,300 Plant and equipment, net $ 1,040,000 Accounts payable $ 216,200 Accrued liabilities $ 68,100 Notes due within one year $ 118,000 Bonds payable in five years $ 149,000 During the year, the company completed the following transactions: x. Purchased inventory on account, $56,750. a. Declared a cash...
when computing days' sales in inventory! Biscuss. P 6-11 A partial balance sheet and in partial...
when computing days' sales in inventory! Biscuss. P 6-11 A partial balance sheet and in partial balance sheet and income statement for King Corporation follow: KING CORPORATION Partial Balance Sheet Assets December 31, 2011 Current assets: $ 33,493 Cash 215,147 Marketable securities 255,000 Trade receivables, less allowance of $6,000 523,000 Inventories, LIFO 26,180 Prepaid expenses $1,052,820 Total current assets Liabilities Current liabilities: $ 103,689 Trade accounts payable 210,381 Notes payable (primarily to banks) and commercial paper 120,602 Accrued expenses and...
prepare an Income Statement and Balance Sheet. Balance Account Name Db Cr Accounts Payable 3,000...
prepare an Income Statement and Balance Sheet. Balance Account Name Db Cr Accounts Payable 3,000 Accounts Receivable 5,000 Accrued Expenses 15,000 Accumulated Depr. Equipment 5,000 Building 100,000 Capital Stock ####### Cash 50,000 Cost of Goods Sold 10,000 Equipment 50,000 Income Tax Payable 1,000 Land 50,000 Long Term Debt 75,000 Long Term Investments 100,000 Marketing Expenses 8,000 Merchandise Inventory 2,500 PrePaid Expenses 3,000 Rent Expenses ...
Harbor City Corporation's end-of-year balance sheet consisted of the following amounts: Cash $ 15,000 Accounts receivable...
Harbor City Corporation's end-of-year balance sheet consisted of the following amounts: Cash $ 15,000 Accounts receivable $50,000 Property, plant, and equipment 70,000 Long-term debt 40,000 Capital stock 100,000 Accounts payable 20,000 Retained earnings ? Inventory 35,000 What amount should Harbor City report on its balance sheet for total assets?
Problem 3: Using the balance sheet below, calculate current ratio and gross working capital. Balance Sheet information for XYZ Company: Cash Accounts Receivable Inventory Land Buildings Accum. Depreciation 60,000 10,000 40,000 30,000 50,000 (10,000) Accounts Payable Payroll Liabilities Payable Current Long-Term Debt Long-Term Debt 30,000 5,000 10,000 30,000
prepare a classified balance sheet
Balance Sheet 99 999 Financial Statement Item Accounts payable Accounts receivable Accrued expenses payable Additional paid-in capital Cash and cash equivalents . Common stock ($10 par value) Cost of sales General and administrative expenses Income tax expense Intangible assets, net Interest and other income, net Inventory Long-term notes payable Other current assets . Other current liabilities Other noncurrent assets. Prepaid expenses Property, plant and equipment (net) Research and development costs Retained earnings Sales and service...
Prepare a balance sheet from the following information. What is
the net working capital and debt ratio?
3-3. (Preparing a balance sheet) Prepare a balance sheet from the following information. What is the net working capital and debt ratio? Cash $ 50,000 Accounts receivable 42,700 Accounts payable 23,000 Short-term notes payable 10,500 Inventories 40,000 Gross fixed assets 1,280,000 Other current assets 5,000 Long-term debt 200,000 Common stock 490,000 Other assets 15,000 Accumulated depreciation 312,000 Retained earnings 3-4. (Preparing a balance...
Credits Debits $ 55,000 39,000 45,000 15,000 100,000 Account Title Cash Accounts receivable Inventories Prepaid insurance Equipment Accumulated depreciation equipment Patent, net Accounts payable Interest payable Note payable (due in 10, equal annual installments) Common stock Retained earnings Totals $ 34,000 40,000 12,000 2,000 100,000 70,000 76,000 $ 294,000 $294,000 a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio. Current Ratio Numerator Current Assets 154,000 $ 24,000 6.42 Denominator Current Liabilities Acid-Test...
The balance sheet of Binger, Inc. has the following balances: Cash Accounts receivable Inventory Net fixed assets Accounts payable Long-term debt Beginning balance $30,300 48,200 126,500 611,900 43,200 415,000 Ending balance $32,800 51,600 129,200 574,300 53,600 304,200 What is the amount of the change in net working capital? 8100 -1800 1800 -7400
when computing days' sales in inventory! Biscuss. P 6-11 A partial balance sheet and in partial balance sheet and income statement for King Corporation follow: KING CORPORATION Partial Balance Sheet Assets December 31, 2011 Current assets: $ 33,493 Cash 215,147 Marketable securities 255,000 Trade receivables, less allowance of $6,000 523,000 Inventories, LIFO 26,180 Prepaid expenses $1,052,820 Total current assets Liabilities Current liabilities: $ 103,689 Trade accounts payable 210,381 Notes payable (primarily to banks) and commercial paper 120,602 Accrued expenses and...
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