Question

What is the Liability to Equity ratio of Chester? Select: 1 7.03 2.62 .81 4.97 Balance...

What is the Liability to Equity ratio of Chester?
Select: 1
7.03
2.62
.81
4.97
Balance Sheet
DEFINITIONS: Common Size: The common size column simply represents each item as a percentage of total assets for that year. Cash: Your end-of-year cash position. Accounts Receivable: Reflects the lag between delivery and payment of your products. Inventories: The current value of your inventory across all products. A zero indicates your company stocked out. Unmet demand would, of course, fall to your competitors. Plant & Equipment: The current value of your plant. Accum Deprec: The total accumulated depreciation from your plant. Accts Payable: What the company currently owes suppliers for materials and services. Current Debt: The debt the company is obligated to pay during the next year of operations. It includes emergency loans used to keep your company solvent should you run out of cash during the year. Long Term Debt: The company's long term debt is in the form of bonds, and this represents the total value of your bonds. Common Stock: The amount of capital invested by shareholders in the company. Retained Earnings: The profits that the company chose to keep instead of paying to shareholders as dividends.
ASSETS 2020 2019
Common
Size
Cash $18,073 18.6% $19,743
Accounts Receivable $12,836 13.2% $9,829
Inventory $13,680 14.1% $14,832
Total Current Assets $44,589 45.8% $44,404
Plant & Equipment $93,960 96.6% $84,380
Accumulated Depreciation ($41,287) -42.4% ($35,023)
Total Fixed Assets $52,673 54.2% $49,357
Total Assets $97,262 100.0% $93,761
LIABILITIES & OWNERS' EQUITY
Accounts Payable $8,474 8.7% $6,382
Current Debt $14,285 14.7% $18,432
Long Term Debt $20,787 21.4% $19,479
Total Liabilities $43,546 44.8% $44,293
Common Stock $8,818 9.1% $9,102
Retained Earnings $44,898 46.2% $40,367
Total Equity $53,716 55.2% $49,469
Total Liab. & O. Equity $97,262 100.0% $93,761
0 0
Add a comment Improve this question Transcribed image text
Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
What is the Liability to Equity ratio of Chester? Select: 1 7.03 2.62 .81 4.97 Balance...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by...

    Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) Cash and cash equivalents Short-term investments ($ in 000s) | $ 240,286 355,700 506,944 85,259 1,614,927 112,800 Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) Total assets Notes payable (current) Accounts payable Accrued liabilities Other current liabilities...

  • analyse following commom size balance sheet as the end of 2017 and 2018 hint analyse major...

    analyse following commom size balance sheet as the end of 2017 and 2018 hint analyse major chnages and potential relationships within the b/s accounts and other finacial starements Analyse the following common size balance sheet as of th and 2018: 2018 2017 Current assets: Cash 16 Accounts receivable Inventory Total current assets Property, plant and equipment Other assets Total assets Current liabilities: Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Common stock and paid in capital Retained...

  • Which company has the least efficient SG&A/Sales ratio? Select: 1 Digby Andrews Chester Baldwin Round: 4...

    Which company has the least efficient SG&A/Sales ratio? Select: 1 Digby Andrews Chester Baldwin Round: 4 December 31, 2022 Financial Summary katharine maisak NOUTRER Cash Flow Statement Survey Cash flows from operating activities Andrews Adjustment for non-cash items: S15,487 Changes in current assets and liabilities: $109,608 Net cash from operations Cash flows from investing activities Plant improvements (net) Cash flows from financing activities Cash from long term debt issued Early retirement of long term debt Retirement of current debt Cash...

  • please complete balance sheet Additional information ($ in 000s): 1. Certain records that included the account...

    please complete balance sheet Additional information ($ in 000s): 1. Certain records that included the account balances for the patent and shareholders' equity items were lost. However, the controller told you that a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of 12. That Is, total liabilities are 120% of total shareholders' equity, Retained earnings at the beginning of the year was $5,600. Net Income for 2021 was $1,950 and $500 in...

  • PROBLEM 1-8 Financial Statement Ratio Analysis The balance sheet and income statement for Chico Electronics are...

    PROBLEM 1-8 Financial Statement Ratio Analysis The balance sheet and income statement for Chico Electronics are reproduced below (tax rate is 40%) CHICO ELECTRONICS Balance Sheet($thousands) As of December 31 Year 4 Year 5 $ 683 1.490 1,415 $ 325 3,599 2,423 13 6,360 1,541 $8,058 $ 875 116 Assets Current assets Cash Accounts receivable.. Inventories.......... Prepaid expenses ........ Total current assets ....... Property, plant and equipment, net. Other assets.. Total assets .... . Liabilities and Shareholders' Equity Current liabilities...

  • Common-Size Balance Sheets Following is the balance sheet for Target Corporation. Prepare Target's common-size balance sheets...

    Common-Size Balance Sheets Following is the balance sheet for Target Corporation. Prepare Target's common-size balance sheets as of January 31, 2015 and February 1, 2014 (Round your answers to one decimal place.) January 31, February 1, (5 millions) 2015 2014 Assets Cash and cash equivalents 52.210 5670 Inventory 8.790 Other current assets 2.625 Total current assets 14,087 11,573 Property and equipment, net 25,958 26,412 Other noncurrent assets 1,359 6,568 Total assets $41,404 $44,553 Liabilities and shareholders' investment Accounts payable 57,759...

  • JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018...

    JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018   Current assets   Current liabilities       Cash $ 11,250 $ 19,440       Accounts payable $ 30,600 $ 49,200       Accounts receivable 11,850 16,080       Notes payable 24,900 31,200       Inventory 39,150 60,240         Total $ 62,250 $ 95,760         Total $ 55,500 $ 80,400   Long-term debt $ 27,000 $ 24,000   Owners’ equity       Common stock and paid-in surplus $ 48,000 $ 48,000       Retained earnings 169,500 327,600   Net plant and equipment $...

  • Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity...

    Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 9,800 Accounts payable $ 48,000 14,200 Notes payable 10,350 75,800 Current assets Cash Accounts receivable Inventory $ $ 49,800 18,600 $ 4,350 11,550 58,350 $ 74,250 Total $ 99,800 Total $ 58,350 $ 68,400 Long-term debt $ 42,000 $ 34,000 Owners' equity Common stock and paid-in $45.000 surplus Retained earnings 154,650 $ 45,000 252,600 Net plant and equipment $225,750 $300,200...

  • Pro forma balance sheet. Next year, National Beverage Company will increase its plant, property, and equipment...

    Pro forma balance sheet. Next year, National Beverage Company will increase its plant, property, and equipment by $4,034,000 with a plant expansion. The inventories will grow by 34%, accounts receivable will grow by 15%, and marketable securities will be reduced by 53% to help finance the expansion. Assume all other asset accounts will remain the same and the company will use long-term debt to finance the remaining expansion costs (no change in common stock or retained earnings). Using this information...

  • Pro forma balance sheet. Next year, National Beverage Company will increase its plant, property, and equipment...

    Pro forma balance sheet. Next year, National Beverage Company will increase its plant, property, and equipment by $4,058,000 with a plant expansion. The inventories will grow by 31%, accounts receivable will grow by 21%, and marketable securities will be reduced by 53% to help finance the expansion. Assume all other asset accounts will remain the same and the company will use long-term debt finance the remaining expansion costs (no change in common stock or retained earnings). Using this information and...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT