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Use the following data to calculate the current ratio. Pharoah Company Balance Sheet December 31, 2017...
Use the following data to calculate the current ratio. Wildhorse Co. Balance Sheet December 31, 2022...
Use the following data to calculate the current ratio. Wildhorse Co. Balance Sheet December 31, 2022 Cash and cash equivalents $69000 Accounts payable $125500 Accounts receivable 95500 Salaries and wages payable 19500 Inventory 135500 Bonds payable 157000 Prepaid insurance 83500 Total liabilities $302000 Stock investments 187000 Land 190000 Buildings $207500 Common stock $187500 Less: Accumulated depreciation (65500) 142000 Retained earnings 515000 Trademarks 102000 Total stockholders' equity $702500 Total assets $1004500 Total liabilities and stockholders' equity $1004500 a)3.04 : 1 b)2.64...
Use the following data to calculate the current ratio. Koonce Office Supplies Balance Sheet December 31,...
Use the following data to calculate the current ratio. Koonce Office Supplies Balance Sheet December 31, 2014 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings $140,000 $20,000 $160,000 $320,000 $130,000 Accounts payable $100,000 Salaries and wages payable $110,000 Mortgage payable $60,000 Total liabilities $170,000 $180,000 $210,000 Common stock $240,000 Less: Accumulated depreciation ($40,000) $170,000 Retained earnings $500,000 Trademarks $740,000 arks $140,000 Total stockholders' equity Total liabilities and stockholders' $1.060.000 equity Total assets $1.060,000 2.50:1 2.13:1 1.44:1 2.86:1
Use the following data to calculate the current ratio. Cash Wildhorse Co. Balance Sheet December 31,...
Use the following data to calculate the current ratio. Cash Wildhorse Co. Balance Sheet December 31, 2022 $199000 Accounts payable 158150 Salaries and wages payable 161000 Mortgage payable 90700 Total liabilities $197000 28500 241500 $467000 Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation Trademarks 253000 293000 $313000 (56000) 257000 Common stock $424850 Retained earnings 725000 Total stockholders' equity $1149850 Total liabilities and stockholders' equity $1616850 205000 $1616850 Total assets O 1.58:1 03.09:1 2.30:1 O 2.70:1
Use the following data to determine the total dollar amount of assets to be classified as...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Pina Colada Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $74000 Accounts payable $137500 Accounts receivable 86000 Salaries and wages payable 17200 Inventory 138500 Bonds payable 157500 $312200 Prepaid insurance 75000 Total liabilities Stock investments 194000 Land 196000 Buildings $207000 Common stock $235300 Less: Accumulated depreciation (67000) 140000 Retained earnings 482000 Trademarks 126000 $717300 Total stockholders' equity Total liabilities and...
These items are taken from the financial statements of Pharoah Company at December 31, 2022. Buildings...
These items are taken from the financial statements of Pharoah Company at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation equipment Interest payable Service revenue $95,220 11,340 2,880 10,656 74,160 55,080 702 4,770 2,340 54,000 36,000 41,040 8,550 84,240 16,848 3,240 13,230 PHAROAH COMPANY Balance Sheet December 31, 2022 Assets Current Assets Current Assets Cash 10,656...
The following financial information is for Pharoah Company. PHAROAH COMPANY Balance Sheets December 31 Assets 2017...
The following financial information is for Pharoah
Company.
PHAROAH COMPANY
Balance Sheets
December 31
Assets
2017
2016
Cash
$ 72,000
$ 69,000
Debt investments (short-term)
54,000
39,000
Accounts receivable
107,000
90,000
Inventory
236,000
162,000
Prepaid expenses
30,000
27,000
Land
133,000
133,000
Building and equipment (net)
260,000
188,000
Total assets
$892,000
$708,000
Liabilities and Stockholders’ Equity
Notes payable
$170,000
$106,000
Accounts payable
65,000
54,000
Accrued liabilities
42,000
42,000
Bonds payable, due 2020
250,000
171,000
Common stock, $10 par
209,000
209,000
Retained...
DJUDULW9ube bd54450496dab700bb84676 Use the following data to determine the total dollar amount of assets to be...
DJUDULW9ube bd54450496dab700bb84676 Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment Cheyenne Corp Balance Sheet December 31, 2022 Cash and cash equivalents $74000 Accounts payable $136000 Accounts receivable 85000 Salaries and wages payable 12800 Inventory 147000 164500 Bonds payable Total liabilities Prepaid insurance 86500 $313300 Stock Investments 186500 Land 196000 Buildings $209000 Common stock $197700 Less: Accumulated depreciation (57000) 152000 Retained earnings 521000 Trademarks 105000 Total stockholders equity $718700...
Use the following data to determine the total dollar amount of assets to be classified as...
Use the following data to determine the total dollar amount of assets to be classified as investments. Cash Accounts receivable Inventory Prepaid insurance $163000 34600 270900 Sheridan Company Balance Sheet December 31, 2022 $125600 Accounts payable 124800 Salaries and wages payable 200800 Mortgage payable 95000 Total liabilities 254500 280500 Common stock 278800 Retained earnings 210000 Total stockholders' equity $1570000 Total liabilities and stockholders' equity $468500 Stock Investments Land $362500 Buildings Less: Accumulated depreciation Trademarks $338500 (59700) 739000 $1101500 Total assets...
The following items are taken from the financial statements of Crane Company at December 31, 2022....
The following items are taken from the financial statements of Crane Company at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) $195,800 21,400 10,400 11,850 83,800 262,000 45,900 5,400 13,200 80,000 500,000 33,600 9,600 86,450 18,900 3,100 15,100 47,100 71,600...
Condensed financial data of Pharoah Company follow. Pharoah Company Comparative Balance Sheets December 31 Assets 2020...
Condensed financial data of Pharoah Company follow. Pharoah Company Comparative Balance Sheets December 31 Assets 2020 Cash $109,700 Accounts receivable 92,200 Inventory 113,000 Prepaid expenses 29.900 Investments 139,800 Equipment 265,400 Accumulated depreciation equipment (47,200) Total $702,800 2019 $47,900 32,700 101,200 25.900 113,500 242,200 (53,000) $510,400 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $111,800 16.100 118.700 219,400 236,800 $702,800 $67.300 17.100 149,600 174,500 101.900 $510,400 Pharoah Company Question 1 of 4 View...
Use the following data to calculate the current ratio. Koonce Office Supplies Balance Sheet December 31, 2014 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings $140,000 $20,000 $160,000 $320,000 $130,000 Accounts payable $100,000 Salaries and wages payable $110,000 Mortgage payable $60,000 Total liabilities $170,000 $180,000 $210,000 Common stock $240,000 Less: Accumulated depreciation ($40,000) $170,000 Retained earnings $500,000 Trademarks $740,000 arks $140,000 Total stockholders' equity Total liabilities and stockholders' $1.060.000 equity Total assets $1.060,000 2.50:1 2.13:1 1.44:1 2.86:1
Use the following data to calculate the current ratio. Cash Wildhorse Co. Balance Sheet December 31, 2022 $199000 Accounts payable 158150 Salaries and wages payable 161000 Mortgage payable 90700 Total liabilities $197000 28500 241500 $467000 Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation Trademarks 253000 293000 $313000 (56000) 257000 Common stock $424850 Retained earnings 725000 Total stockholders' equity $1149850 Total liabilities and stockholders' equity $1616850 205000 $1616850 Total assets O 1.58:1 03.09:1 2.30:1 O 2.70:1
Use the following data to determine the total dollar amount of assets to be classified as current assets. Pina Colada Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $74000 Accounts payable $137500 Accounts receivable 86000 Salaries and wages payable 17200 Inventory 138500 Bonds payable 157500 $312200 Prepaid insurance 75000 Total liabilities Stock investments 194000 Land 196000 Buildings $207000 Common stock $235300 Less: Accumulated depreciation (67000) 140000 Retained earnings 482000 Trademarks 126000 $717300 Total stockholders' equity Total liabilities and...
These items are taken from the financial statements of Pharoah Company at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation equipment Interest payable Service revenue $95,220 11,340 2,880 10,656 74,160 55,080 702 4,770 2,340 54,000 36,000 41,040 8,550 84,240 16,848 3,240 13,230 PHAROAH COMPANY Balance Sheet December 31, 2022 Assets Current Assets Current Assets Cash 10,656...
The following financial information is for Pharoah
Company.
PHAROAH COMPANY
Balance Sheets
December 31
Assets
2017
2016
Cash
$ 72,000
$ 69,000
Debt investments (short-term)
54,000
39,000
Accounts receivable
107,000
90,000
Inventory
236,000
162,000
Prepaid expenses
30,000
27,000
Land
133,000
133,000
Building and equipment (net)
260,000
188,000
Total assets
$892,000
$708,000
Liabilities and Stockholders’ Equity
Notes payable
$170,000
$106,000
Accounts payable
65,000
54,000
Accrued liabilities
42,000
42,000
Bonds payable, due 2020
250,000
171,000
Common stock, $10 par
209,000
209,000
Retained...
DJUDULW9ube bd54450496dab700bb84676 Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment Cheyenne Corp Balance Sheet December 31, 2022 Cash and cash equivalents $74000 Accounts payable $136000 Accounts receivable 85000 Salaries and wages payable 12800 Inventory 147000 164500 Bonds payable Total liabilities Prepaid insurance 86500 $313300 Stock Investments 186500 Land 196000 Buildings $209000 Common stock $197700 Less: Accumulated depreciation (57000) 152000 Retained earnings 521000 Trademarks 105000 Total stockholders equity $718700...
Use the following data to determine the total dollar amount of assets to be classified as investments. Cash Accounts receivable Inventory Prepaid insurance $163000 34600 270900 Sheridan Company Balance Sheet December 31, 2022 $125600 Accounts payable 124800 Salaries and wages payable 200800 Mortgage payable 95000 Total liabilities 254500 280500 Common stock 278800 Retained earnings 210000 Total stockholders' equity $1570000 Total liabilities and stockholders' equity $468500 Stock Investments Land $362500 Buildings Less: Accumulated depreciation Trademarks $338500 (59700) 739000 $1101500 Total assets...
The following items are taken from the financial statements of Crane Company at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) $195,800 21,400 10,400 11,850 83,800 262,000 45,900 5,400 13,200 80,000 500,000 33,600 9,600 86,450 18,900 3,100 15,100 47,100 71,600...
Condensed financial data of Pharoah Company follow. Pharoah Company Comparative Balance Sheets December 31 Assets 2020 Cash $109,700 Accounts receivable 92,200 Inventory 113,000 Prepaid expenses 29.900 Investments 139,800 Equipment 265,400 Accumulated depreciation equipment (47,200) Total $702,800 2019 $47,900 32,700 101,200 25.900 113,500 242,200 (53,000) $510,400 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $111,800 16.100 118.700 219,400 236,800 $702,800 $67.300 17.100 149,600 174,500 101.900 $510,400 Pharoah Company Question 1 of 4 View...
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