or Evergreen Environmental Engineering (EEE), determine the working capital, current ratio, and acid-test ratio. Evaluate the...
or Evergreen Environmental Engineering (EEE), determine the working capital, current ratio, and acid-test ratio. Evaluate the company’s economic situation with respect to its ability to pay off debts.
EEE Balance Sheet Date ($1000s)
Cash $110,000
Securities 40,000
Accounts Receivable 160,000
Inventories 250,000
Prepaid Expenses 3,000
Accounts Payable 351,000
Accrued Expenses 89,000
(b) The entries to complete EEE's balance sheet include:
More EEE Balance Sheet Data ($1000s)
Long-term liabilities $220,000
Land $25,000
Plant and Equipment $510,000
Accumulated Depreciation $ 210,000
Stock $81,000
Capital surplus $15,000
Retained earnings $15,000
Retained earnings value not given
Construct EEE's balance sheet
c) What are EEE's values for total assets, total liabilities, and retained earnings?
Homework Answers
Add Answer to:
or Evergreen Environmental Engineering (EEE), determine the
working capital, current ratio, and acid-test ratio. Evaluate the...
A. Required: 1. Please calculate the following ratios and amounts: a) working capital, current ratio, acid-test...
A.
Required:
1. Please calculate the following ratios and amounts: a) working
capital,
current ratio, acid-test ratio, cash to current liabilities ratio,
days’ sales
in receivables (based on ending accounts receivables), days’ sales
in
inventory (based on cost of goods and ending inventory), operating
cycle,
total debt to equity ratio and times interest earned. For your
calculations,
assume that a year amounts for 360 days
The balance sheet and the income statement of “Omega” Company containing data in € is...
A. Required: 1. Please calculate the following ratios and amounts: a) working capital, current ratio, acid-test...
A.
Required:
1. Please calculate the following ratios and amounts: a) working
capital,
current ratio, acid-test ratio, cash to current liabilities ratio,
days’ sales
in receivables (based on ending accounts receivables), days’ sales
in
inventory (based on cost of goods and ending inventory), operating
cycle,
total debt to equity ratio and times interest earned. For your
calculations,
assume that a year amounts for 360 days
The balance sheet and the income statement of “Omega” Company containing data in € is...
Calculate the Net Working Capital and Current Ratio for Jacobs Engineering Group for 201 JACOBS ENGINEERING...
Calculate the Net Working Capital and Current Ratio for Jacobs Engineering Group for 201 JACOBS ENGINEERING GROUP INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In thousands, except share information) At September 29, 2017 and September 30, 2016 ASSETS Current Assets 655,716 2,115,663 93,091 864,470 319,673 Cash and cash equivalents 774,151 S 2,102,543 119,486 996,180 349,911 Prepaid expenses and other current assets Total current assets Property, Equipment, and Improvements, net Other Noncurrent Assets Goodwill Intangibles, net Miscellaneons 3,009,826 332,920 692,022 4,034,768 3,079,628...
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
For gee-whiz devices calculate the following: working capital, current ratio, and acid-test ratio. 2-29 For Gee-Whiz...
For gee-whiz devices calculate the following: working capital,
current ratio, and acid-test ratio.
2-29 For Gee-Whiz Devices calculate the following working capital, current ratio, and acid-test ratio Gee-Whiz Devices Balance Sheet Data Cash Market securities Net accounts and notes receivable Retailers inventories Prepaid expenses Accounts and notes payable (short-term) Accrued expenses $100,000 45,000 150,000 200,000 8,000 315,000 90,000
Refer to Dino's information below and calculate the following ratios: Working capital ratio, quick ratio/acid test,...
Refer to Dino's information below and calculate the following
ratios: Working capital ratio, quick ratio/acid test, earnings per
share, price-earnings ratio, debt-equity ratio, and return on
equity. Clearly provide each formulae, numbers and work associated,
along with the answers.
For each ratio you calculated, provide an analytic statement in
which you comment on how the ratio can affect specific decisions
that need to be made within the organization.
Notes:
Each statement must be at least one full paragraph, explaining
the...
10) Current ratio and working capital The balance sheet of Red Missile Company contained the following...
10) Current ratio and working capital The balance sheet of Red Missile Company contained the following items, among others: Cash $180,000 $84,000 $124,000 Accounts Receivable Inventory Store Equipment (net) Other Assets $236,000 $67,500 $169,000 $163,000 Mortgage Payable (due in 3 years) Note Payable (due in 10 days) Accounts Payable Capital Stock Retained Earnings $96,000 $67,500 $197,000 From the above information compute: a) Current Assets $ Current Liabilities The Current Ratio to 1 Working Capital S b) Assume that Red Missile...
A. Required: 1. Please calculate the following ratios and amounts: a) working capital, b) current ratio,...
A.
Required:
1. Please calculate the following ratios and amounts: a) working
capital, b)
current ratio, c) acid-test ratio, d) cash to current liabilities
ratio, e) days’ sales
in receivables (based on ending accounts receivables), f) days’
sales in
inventory (based on cost of goods and ending inventory), g)
operating cycle,
h) total debt to equity ratio and i) times interest earned. For
your calculations,
assume that a year amounts for 360 days
The balance sheet and the income statement...
Smallville Bank has the following balance sheet, rates earned on its assets, and rates paid on...
Smallville Bank has the following balance sheet, rates earned on its assets, and rates paid on its liabilities. Rate Earned (%) Balance Sheet (in thousands) Assets Cash and due from banks $ 6, Investment securities 22,000 Repurchase agreements 12.ee Loans less allowance for losses 80, eee Fixed assets 16,eee Other earning assets 4.eee Total assets $134, eee Liabilities and Equity Demand deposits $ 9,000 NOW accounts 69, cee Retail CDs 18,000 Subordinated debentures 14.eee Total liabilities 110, eee Common stock...
Financial ratios computed for Whittaker Inc. include the following: Current ratio 1.9 to 1 Acid-test ratio...
Financial ratios computed for Whittaker Inc. include the
following:
Current ratio
1.9
to 1
Acid-test ratio
1.4
to 1
Debt/equity ratio
2.0
to 1
Inventory turnover
3.6
times
Accounts receivable turnover
5.4
times
Times interest earned
4.60
times
Gross profit ratio
40
%
Return on investment
7.17
%
Earnings per share
$
3.40
All sales during the year were made on account. Cash
collections during the year exceeded sales by $13,000, and no
uncollectible accounts were written off.
The balance...
A.
Required:
1. Please calculate the following ratios and amounts: a) working
capital,
current ratio, acid-test ratio, cash to current liabilities ratio,
days’ sales
in receivables (based on ending accounts receivables), days’ sales
in
inventory (based on cost of goods and ending inventory), operating
cycle,
total debt to equity ratio and times interest earned. For your
calculations,
assume that a year amounts for 360 days
The balance sheet and the income statement of “Omega” Company containing data in € is...
A.
Required:
1. Please calculate the following ratios and amounts: a) working
capital,
current ratio, acid-test ratio, cash to current liabilities ratio,
days’ sales
in receivables (based on ending accounts receivables), days’ sales
in
inventory (based on cost of goods and ending inventory), operating
cycle,
total debt to equity ratio and times interest earned. For your
calculations,
assume that a year amounts for 360 days
The balance sheet and the income statement of “Omega” Company containing data in € is...
Calculate the Net Working Capital and Current Ratio for Jacobs Engineering Group for 201 JACOBS ENGINEERING GROUP INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In thousands, except share information) At September 29, 2017 and September 30, 2016 ASSETS Current Assets 655,716 2,115,663 93,091 864,470 319,673 Cash and cash equivalents 774,151 S 2,102,543 119,486 996,180 349,911 Prepaid expenses and other current assets Total current assets Property, Equipment, and Improvements, net Other Noncurrent Assets Goodwill Intangibles, net Miscellaneons 3,009,826 332,920 692,022 4,034,768 3,079,628...
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
For gee-whiz devices calculate the following: working capital,
current ratio, and acid-test ratio.
2-29 For Gee-Whiz Devices calculate the following working capital, current ratio, and acid-test ratio Gee-Whiz Devices Balance Sheet Data Cash Market securities Net accounts and notes receivable Retailers inventories Prepaid expenses Accounts and notes payable (short-term) Accrued expenses $100,000 45,000 150,000 200,000 8,000 315,000 90,000
Refer to Dino's information below and calculate the following
ratios: Working capital ratio, quick ratio/acid test, earnings per
share, price-earnings ratio, debt-equity ratio, and return on
equity. Clearly provide each formulae, numbers and work associated,
along with the answers.
For each ratio you calculated, provide an analytic statement in
which you comment on how the ratio can affect specific decisions
that need to be made within the organization.
Notes:
Each statement must be at least one full paragraph, explaining
the...
10) Current ratio and working capital The balance sheet of Red Missile Company contained the following items, among others: Cash $180,000 $84,000 $124,000 Accounts Receivable Inventory Store Equipment (net) Other Assets $236,000 $67,500 $169,000 $163,000 Mortgage Payable (due in 3 years) Note Payable (due in 10 days) Accounts Payable Capital Stock Retained Earnings $96,000 $67,500 $197,000 From the above information compute: a) Current Assets $ Current Liabilities The Current Ratio to 1 Working Capital S b) Assume that Red Missile...
A.
Required:
1. Please calculate the following ratios and amounts: a) working
capital, b)
current ratio, c) acid-test ratio, d) cash to current liabilities
ratio, e) days’ sales
in receivables (based on ending accounts receivables), f) days’
sales in
inventory (based on cost of goods and ending inventory), g)
operating cycle,
h) total debt to equity ratio and i) times interest earned. For
your calculations,
assume that a year amounts for 360 days
The balance sheet and the income statement...
Smallville Bank has the following balance sheet, rates earned on its assets, and rates paid on its liabilities. Rate Earned (%) Balance Sheet (in thousands) Assets Cash and due from banks $ 6, Investment securities 22,000 Repurchase agreements 12.ee Loans less allowance for losses 80, eee Fixed assets 16,eee Other earning assets 4.eee Total assets $134, eee Liabilities and Equity Demand deposits $ 9,000 NOW accounts 69, cee Retail CDs 18,000 Subordinated debentures 14.eee Total liabilities 110, eee Common stock...
Financial ratios computed for Whittaker Inc. include the
following:
Current ratio
1.9
to 1
Acid-test ratio
1.4
to 1
Debt/equity ratio
2.0
to 1
Inventory turnover
3.6
times
Accounts receivable turnover
5.4
times
Times interest earned
4.60
times
Gross profit ratio
40
%
Return on investment
7.17
%
Earnings per share
$
3.40
All sales during the year were made on account. Cash
collections during the year exceeded sales by $13,000, and no
uncollectible accounts were written off.
The balance...
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