A firm has total current assets of $350, total fixed assets of $4,000, and accumulated depreciation...
A firm has total current assets of $350, total fixed assets of $4,000, and accumulated depreciation of $1,250. Total current liabilities are $325, long-term debt is $1,500, and common stock is $100. What is total equity?
A firm has total current assets of $350, total fixed assets of $4,000, and accumulated depreciation of $1,250. Total current liabilities are $325, long-term debt is $1,500, and common stock is $100. What is accumulated retained earnings?
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A firm has total current assets of $350, total fixed assets of
$4,000, and accumulated depreciation...
FIXED ASSETS Listed below are T-accounts for total ‘Property and Equipment’ and ‘Accumulated Depreciation’ for Outback. According to the footnotes, accumulated depreciation on the property and equipme...
FIXED ASSETS Listed below are T-accounts for total ‘Property and Equipment’ and ‘Accumulated Depreciation’ for Outback. According to the footnotes, accumulated depreciation on the property and equipment was $354,395 and $287,181 at the end of 2002 and 2001, respectively. Recreate the T-accounts for the year ended December 31, 2002 by entering the beginning balances, the 2002 activity and the ending balances. The 2002 activity includes only the following: (in thousands) Outback Steakhouse Balance Sheet 12/31/2002 12/31/2001 Assets Current Assets Cash...
A firm has fixed assets at the end of 2015 of $5,000 and accumulated depreciation of...
A firm has fixed assets at the end of 2015 of $5,000 and accumulated depreciation of $1,250. At the end of 2016, fixed assets are $5,100 and accumulated depreciation is $1,500. Which of the following statements MUST be true. The firm purchased exactly $100 in fixed assets during 2016. Net fixed assets increased over the year 2016 The net fixed assets at the end of 2015 were $6,250 The 2016 depreciation expense was $250 а. b. C. d.
Sales revenue 350,200 Cost of goods sold 141,800 Fixed costs 42,800 Selling, general, and administrative expenses ...
Sales revenue 350,200
Cost of goods sold 141,800
Fixed costs 42,800
Selling, general, and administrative expenses
28,100
Depreciation 45,900
ASSETS
LIABILITIES
Cash 16,200 Notes payable
14,100
Accounts receivable 27,900 Accounts
payable 19,100
Inventories 47,900 Long-term
debt 189,900
Fixed assets 367,800 OWNERS'
EQUITY
Accumulated depreciation 140,100 Retained
earnings
Intangible assets 81,800 Common
stock 131,900
ASSETS
LIABILITIES
Cash 25,900 Notes payable
11,800
Accounts receivable 18,900 Accounts
payable 23,800
Inventories 52,800 Long-term
debt 162,100
Fixed assets 447,900 OWNERS'
EQUITY
Accumulated depreciation ...
Building a balance sheet A firm has ($ in millions) current assets of $100, net fixed...
Building a balance sheet A firm has ($ in millions) current assets of $100, net fixed assets of $500, short-term debt of $70, and log-term debt of $200. What does the balance sheet look like? __________________ What is shareholders’ equity? __________________ What is the net working capital? __________________ Assets Liabilities and Shareholders’ equity Total assets Total liabilities and shareholders’ equity What is the firm’s current liquidity ratio? _______________ What is the firms’ long-term debt ratio? _______________
Balance Sheet ASSETS: Cash and Marketable Securities: $75.00 Accounts Receivable: $100.00 Inventories: $200.00 TOTAL CURRENT ASSETS:...
Balance Sheet ASSETS: Cash and Marketable Securities: $75.00 Accounts Receivable: $100.00 Inventories: $200.00 TOTAL CURRENT ASSETS: $375.00 Gross Property, Plant and Equipment: (blank) less Accumulated Depreciation: $50.00 NET FIXED ASSETS: (blank) TOTAL ASSETS: (blank) LIABILITIES AND EQUITY: Accounts Payable: $75.00 Notes Payable: (blank) Accruals: $75.00 TOTAL CURRENT LIABILITIES: $300.00 Long Term Debt: $350.00 TOTAL LIABILITIES: $650.00 PREFERRED STOCK: (blank) Common Stock: $50.00 Accumulated Retained Earnings: $125.00 COMMON EQUITY: $175.00 TOTAL LIABILITIES AND EQUITY: $875.00 1. Consider the balance sheet above:...
Wims, Inc., has current assets of $4,000, net fixed assets of $23,100, current liabilities of $2,500,...
Wims, Inc., has current assets of $4,000, net fixed assets of $23,100, current liabilities of $2,500, and long-term debt of $12,400. a. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations.) b. How much is net working capital? (Do not round intermediate calculations.)
Wims, Inc., has current assets of $4,000, net fixed assets of $23,100, current liabilities of $2,500,...
Wims, Inc., has current assets of $4,000, net fixed assets of $23,100, current liabilities of $2,500, and long-term debt of $12.400. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations.) How much is net working capital? (Do not round intermediate calculations.) a. b. a. Shareholders' equity b. NWC Griffin's Goat Farm, Inc., has sales of $681,000, costs of $343,000, depreciation expense of $87,000, interest expense of $53,500, and a tax rate of...
A firm has fixed assets at the end of 2015 of $5,000 and accumulated depreciation of $1,250. At the end of 2016, fi...
A firm has fixed assets at the end of 2015 of $5,000 and accumulated depreciation of $1,250. At the end of 2016, fixed assets are $5,100 and accumulated depreciation is $1,500. Which of the following statements MUST be true. a. The firm purchased exactly $100 in fixed assets during 2016, Net fixed assets increased over the year 2016. The net fixed assets at the end of 2015 were $6,250 The 2016 depreciation expense was $250 b.
the net fixed assets for the year 2016 is? the net fixed assets for year 2017...
the net fixed assets for the year 2016 is?
the net fixed assets for year 2017 is?
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $46,100 W (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes...
1.)Company ABC has sales of $1,650,000, cost of goods sold of $600,000, EBIT of $450,000, interest...
1.)Company ABC has sales of $1,650,000, cost of goods sold of $600,000, EBIT of $450,000, interest expense of $70,000, and a tax rate of 27%. If the company paid $57,000 in dividends what is the addition to retained earnings. 2.)At the beginning of the year, a firm had current assets of $121,306 and current liabilities of $124,509. At the end of the year, the current assets were $122,418 and the current liabilities were $103,718. What is the change in net...
A firm has fixed assets at the end of 2015 of $5,000 and accumulated depreciation of $1,250. At the end of 2016, fixed assets are $5,100 and accumulated depreciation is $1,500. Which of the following statements MUST be true. The firm purchased exactly $100 in fixed assets during 2016. Net fixed assets increased over the year 2016 The net fixed assets at the end of 2015 were $6,250 The 2016 depreciation expense was $250 а. b. C. d.
Sales revenue 350,200
Cost of goods sold 141,800
Fixed costs 42,800
Selling, general, and administrative expenses
28,100
Depreciation 45,900
ASSETS
LIABILITIES
Cash 16,200 Notes payable
14,100
Accounts receivable 27,900 Accounts
payable 19,100
Inventories 47,900 Long-term
debt 189,900
Fixed assets 367,800 OWNERS'
EQUITY
Accumulated depreciation 140,100 Retained
earnings
Intangible assets 81,800 Common
stock 131,900
ASSETS
LIABILITIES
Cash 25,900 Notes payable
11,800
Accounts receivable 18,900 Accounts
payable 23,800
Inventories 52,800 Long-term
debt 162,100
Fixed assets 447,900 OWNERS'
EQUITY
Accumulated depreciation ...
Wims, Inc., has current assets of $4,000, net fixed assets of $23,100, current liabilities of $2,500, and long-term debt of $12.400. What is the value of the shareholders' equity account for this firm? (Do not round intermediate calculations.) How much is net working capital? (Do not round intermediate calculations.) a. b. a. Shareholders' equity b. NWC Griffin's Goat Farm, Inc., has sales of $681,000, costs of $343,000, depreciation expense of $87,000, interest expense of $53,500, and a tax rate of...
A firm has fixed assets at the end of 2015 of $5,000 and accumulated depreciation of $1,250. At the end of 2016, fixed assets are $5,100 and accumulated depreciation is $1,500. Which of the following statements MUST be true. a. The firm purchased exactly $100 in fixed assets during 2016, Net fixed assets increased over the year 2016. The net fixed assets at the end of 2015 were $6,250 The 2016 depreciation expense was $250 b.
the net fixed assets for the year 2016 is?
the net fixed assets for year 2017 is?
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $46,100 W (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes...
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