Homework Answers
| Current Ratio | 2.79 | :1 |
| Acid Test Ratio(Quick Ratio) | 1.99 | :1 |
| Accounts Receivable Turn Over | 4.99 | times |
| Inventory Turnover | 7.03 | times |
| Profit Margin | 13.64 | % |
| Asset Turn over | 0.53 | times |
| Return on Asset (Investmet) | 13.05 | % |
| Return on Stock holders equity | 15.37 | % |
| Workings | ||
| Current Ratio | ||
| Current assets / Current liabilities | ||
| (4500+20800+10100)/12700 | ||
| 2.79 | ||
| Acid Test Ratio(Quick Ratio) | ||
| Total Current Asset -Inventory / Current liabilities | ||
| (25300)/12700 | ||
| 1.99 | ||
| Accounts Receivable Turn Over | ||
| Sales / Avg Acount Receivables | ||
| 110000 / (20800+23300)/2 | ||
| 4.99 | ||
| Inventory Turnover | ||
| Cost of Goods Sold / Avg Inventory | ||
| 60800/(10100+7200)/2 | ||
| 7.03 | ||
| Profit Margin | ||
| Net Income / Sales | ||
| 15000/ 110000 | ||
| 13.64 | ||
| Asset Turn over | ||
| Cost of goods sold / Average total assets | ||
| 60800/(110300 + 119500/2) | ||
| 0.53 | ||
| Return on Asset (Investmet) | ||
| Net Income / Average Assets | ||
| 15000/114900 | ||
| 13.05 | ||
| Return on Stock holders equity | ||
| Net Income / Stock holders equity | ||
| 15000 / 74900+22700 | ||
| 15.37 | ||
Add Answer to:
2017 2016 Cash Accounts receivable (net) Inventory Land Buildings Accumulated depreciation-buildings $3,200 23,300 7,200 26,400 70,000...
The following information is available for Concord Company: 2017 $ 300000 2016 $440000 Accounts receivable (net)...
The following information is available for Concord Company: 2017 $ 300000 2016 $440000 Accounts receivable (net) Inventory Net credit sales Cost of goods sold Net income 370000 2420000 2100000 270000 380000 1390000 1070000 100000 The inventory turnover ratio for 2017 is 0 6.5 times. O O O 5.5 times. 5.6 times. 5.7 times.
ORIOLE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable...
ORIOLE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) $330 660 600 $360 590 530 Inventory Prepaid expenses 120 160 Total current assets 1,710 1,640 Investments 200 200 Property, plant, and equipment (net) Intangibles and other assets Total assets 420 380 530 510 $2,860 $2,730 $1,090 $980 550 520 Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 1,220 1,230 $2,860 $2,730 ORIOLE COMPANY Income Statements For the Year Ended...
Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings December...
Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings December 31, 2017 $ 34,000 77,000 210,000 54,000 29,000 417,000 106,000 December 31, 2016 $ 16,500 122,500 183,000 92,500 65,000 417,000 102,500 Additional information: 1. The inventory turnover is 2.2 times. 2. The return on common stockholders' equity is 25%. The company had no additional paid-in capital. 3. The accounts receivable turnover is 8.1 times. 4. The return on assets is 12.5%. 5. Total assets...
2017 2016 Accounts receivable $18,000 $19,500 Inventory $12,200 $9,000 Fixed assets, net $35,000 $31,000 Accounts payable...
2017 2016 Accounts receivable $18,000 $19,500 Inventory $12,200 $9,000 Fixed assets, net $35,000 $31,000 Accounts payable $15,000 $12,000 Net Sales $157,500 $176,000 Cost of goods sold $125,900 $137,000 Net income $52,900 $54,000 # Shares issued 65,000 60,000 # Shares in treasury stock 8,000 20,000 Calculate the following ratios for 2017: (a) Fixed asset turnover (b) Inventory turnover (c) Receivable turnover (d) Accounts payable turnover (e) Earning Per Share
Inventory-Ending Land Land for Future Plant Site Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Other Comprehensive...
Inventory-Ending Land Land for Future Plant Site Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Other Comprehensive Income Advances to Employees Advertising Expense Allowance for Doubtful Accounts Bond Sinking Fund Bonds Payable Buildings Cash (in bank) Cash (on hand) Cash Surrender Value of Life Insurance Commission Expense Common Stock Copyrights Debt Investments (trading) Dividends Payable Equipment Freight-In Gain on Disposal of Equipment Interest Receivable Inventory-Beginning Loss from Flood Noncontrolling Interest Notes Payable (due next year) Paid-in Capital in Excess of Par-Preferred...
CULLUMBER COMPANY Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities...
CULLUMBER COMPANY Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2017 Common stock, $10 par Retained earnings 2017 2016 69,000 69,000 41,000 103,000 92,000 239,000 164,000 25,000 29,000 132,000 132,000 263,000 188,000 $884,000 $715,000 53,000 $170,000 $101,000 66,000 54,000 42,000 251,000 170,000 205,000 205,000 150,000 143,000 Total liabilities and stockholders' equity $884,000 $715,000 42,000...
At December 31 2017 2016 2015 Assets Cash $ 33,338 $ 40,138 $38,236 Accounts receivable, net...
At December 31 2017 2016 2015 Assets Cash $ 33,338 $ 40,138 $38,236 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 93,724 125,129 10,521 68,195 91,016 10,127 277,632 53,582 55,403 4,422 242,457 $565,045 $487,108 394,100 302,333 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $140,696 $ 82,321 50,461 112,035 162,500 130,252 $565,045 $487,108 394,100 109,415 162,500 152,434 85,354 162,500 95,785 Total liabilities and...
December 31 Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2022 $...
December 31 Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2022 $ 38,500 22,000 30,800 66,000 (35,200 ) $122,100 2021 $ 22,000 15,400 22,000 85,800 (26,400) $118,800 $ 16,500 8.800 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $ 20,900 7,700 18.700 19.800 36,300 15,400 S5,000 $122.100 $118,30 $266,200 192.500 73,700 Marigold Conany Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross...
Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000...
Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000 17,100 29.000 $ 72,100 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 25,084 Notes payable 19,000 Other 13,471 $ 29,000 12,700 18,300 Total $ 66,476 Total $ 57,555 $ 60,000 $ 87,698 Long-term debt $ 88,000 S 45.000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 45,000 219,616 244,302 Fixed assets Net plant and equipment $343,695 $364 900 Total...
2020 2019 Assets Cash $8,150 16,110 $3,050 9,470 Accounts receivable Inventory 11,550 6,190 14,590 Land Building...
2020 2019 Assets Cash $8,150 16,110 $3,050 9,470 Accounts receivable Inventory 11,550 6,190 14,590 Land Building and equipment 14,590 29,400 $79,800 23,560 Total assets $56,860 $8.920 $8,720 1,730 0 2,330 Liabilities and equity Accounts payable Short-term note payable Mortgage payable current Mortgage payable Share capital Retained earnings Total liabilities and equity Other information Sales Cost of goods sold Net income 2,330 20.970 12,000 33,850 23,300 12,000 10,510 $ 79,800 $56,860 $171,730 73,320 23,340 $143.690 70,510 5.740 a anything (ci) X]...
The following information is available for Concord Company: 2017 $ 300000 2016 $440000 Accounts receivable (net) Inventory Net credit sales Cost of goods sold Net income 370000 2420000 2100000 270000 380000 1390000 1070000 100000 The inventory turnover ratio for 2017 is 0 6.5 times. O O O 5.5 times. 5.6 times. 5.7 times.
ORIOLE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) $330 660 600 $360 590 530 Inventory Prepaid expenses 120 160 Total current assets 1,710 1,640 Investments 200 200 Property, plant, and equipment (net) Intangibles and other assets Total assets 420 380 530 510 $2,860 $2,730 $1,090 $980 550 520 Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 1,220 1,230 $2,860 $2,730 ORIOLE COMPANY Income Statements For the Year Ended...
Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings December 31, 2017 $ 34,000 77,000 210,000 54,000 29,000 417,000 106,000 December 31, 2016 $ 16,500 122,500 183,000 92,500 65,000 417,000 102,500 Additional information: 1. The inventory turnover is 2.2 times. 2. The return on common stockholders' equity is 25%. The company had no additional paid-in capital. 3. The accounts receivable turnover is 8.1 times. 4. The return on assets is 12.5%. 5. Total assets...
Inventory-Ending Land Land for Future Plant Site Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Other Comprehensive Income Advances to Employees Advertising Expense Allowance for Doubtful Accounts Bond Sinking Fund Bonds Payable Buildings Cash (in bank) Cash (on hand) Cash Surrender Value of Life Insurance Commission Expense Common Stock Copyrights Debt Investments (trading) Dividends Payable Equipment Freight-In Gain on Disposal of Equipment Interest Receivable Inventory-Beginning Loss from Flood Noncontrolling Interest Notes Payable (due next year) Paid-in Capital in Excess of Par-Preferred...
CULLUMBER COMPANY Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2017 Common stock, $10 par Retained earnings 2017 2016 69,000 69,000 41,000 103,000 92,000 239,000 164,000 25,000 29,000 132,000 132,000 263,000 188,000 $884,000 $715,000 53,000 $170,000 $101,000 66,000 54,000 42,000 251,000 170,000 205,000 205,000 150,000 143,000 Total liabilities and stockholders' equity $884,000 $715,000 42,000...
At December 31 2017 2016 2015 Assets Cash $ 33,338 $ 40,138 $38,236 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 93,724 125,129 10,521 68,195 91,016 10,127 277,632 53,582 55,403 4,422 242,457 $565,045 $487,108 394,100 302,333 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $140,696 $ 82,321 50,461 112,035 162,500 130,252 $565,045 $487,108 394,100 109,415 162,500 152,434 85,354 162,500 95,785 Total liabilities and...
December 31 Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2022 $ 38,500 22,000 30,800 66,000 (35,200 ) $122,100 2021 $ 22,000 15,400 22,000 85,800 (26,400) $118,800 $ 16,500 8.800 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $ 20,900 7,700 18.700 19.800 36,300 15,400 S5,000 $122.100 $118,30 $266,200 192.500 73,700 Marigold Conany Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross...
Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000 17,100 29.000 $ 72,100 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 25,084 Notes payable 19,000 Other 13,471 $ 29,000 12,700 18,300 Total $ 66,476 Total $ 57,555 $ 60,000 $ 87,698 Long-term debt $ 88,000 S 45.000 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 45,000 219,616 244,302 Fixed assets Net plant and equipment $343,695 $364 900 Total...
2020 2019 Assets Cash $8,150 16,110 $3,050 9,470 Accounts receivable Inventory 11,550 6,190 14,590 Land Building and equipment 14,590 29,400 $79,800 23,560 Total assets $56,860 $8.920 $8,720 1,730 0 2,330 Liabilities and equity Accounts payable Short-term note payable Mortgage payable current Mortgage payable Share capital Retained earnings Total liabilities and equity Other information Sales Cost of goods sold Net income 2,330 20.970 12,000 33,850 23,300 12,000 10,510 $ 79,800 $56,860 $171,730 73,320 23,340 $143.690 70,510 5.740 a anything (ci) X]...
Most questions answered within 3 hours.
-
Explain traveling wave theory. Explain how the peaking of the
wave leads to action potentials and...
asked 8 minutes ago -
If you mixed 35.0 mLmL of 0.100 M Tris-HCl with 65.0
mLmL of 0.200 M Tris-base, what would...
asked 4 minutes ago -
Which force do you think wields a stronger influence over our
ethical behavior – our personal...
asked 10 minutes ago -
11.1 In the northeast
regions of the United States and in eastern Canada, many people
heat their...
asked 9 minutes ago -
What is the entropy change to the surroundings when 1 mol of ice
melts in someone's...
asked 10 minutes ago -
Are adult gamers less likely to use a gaming console (Xbox,
PlayStation, Wii, etc...) than teen...
asked 15 minutes ago -
Pt1
An electrochemical cell is set up at 25°C based on the overall
reaction represented by...
asked 17 minutes ago -
Bruin, Inc., has identified the following two mutually
exclusive projects:
Year
Cash Flow (A)
Cash...
asked 19 minutes ago -
A mutual fund salesperson has arranged to call on four people
tomorrow. Based on past experience...
asked 22 minutes ago -
The decomposition of SO2Cl2 is first order
and has a rate constant of + 2.90 x...
asked 44 minutes ago -
A solid, frictionless cylindrical reel of mass M=5.00kg and
radius R=0.55m is used to draw water...
asked 1 hour ago -
The work done by the spring's restoring force
on the free end of a spring while...
asked 39 minutes ago