Transic Corporation has the following financial data for 2016 and 2017. 2017 2016 ASSETS Current Assets:...
Transic Corporation has the following financial data for 2016 and 2017.
| 2017 | 2016 | |
| ASSETS | ||
| Current Assets: | ||
| Cash | $ 48,000 | $ 14,000 |
| Marketable Securities | 9,000 | 13,000 |
| Accounts Receivable | 35,000 | 24,000 |
| Other Current Assets | 15,000 | 18,000 |
| Total Current Assets | 107,000 | 69,000 |
| Fixed Assets (net) | 140,000 | 130,000 |
| Total Assets | $247,000 | $199,000 |
| LIABILITIES | ||
| Current Liabilities | $ 72,000 | $ 52,000 |
| Long-term Liabilities | 50,000 | 37,000 |
| Total Liabilities | $122,000 | $ 89,000 |
| Total Stockholders' Equity | $125,000 | $110,000 |
| Total Liabilities And Stockholders' Equity | $247,000 | $199,000 |
What is Transic's working capital for 2017?
a.$90,000
b.$18,000
c.$125,000
d.$35,000
Homework Answers
working capital for 2017=Total Current Assets-Total Current Liabilities
=(107,000-72,000)
which is equal to
=$35,000
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Transic Corporation has the following financial data for 2016
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Current Assets:...
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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
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162,000
Prepaid expenses
30,000
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Land
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133,000
Building and equipment (net)
260,000
188,000
Total assets
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Liabilities and Stockholders’ Equity
Notes payable
$170,000
$106,000
Accounts payable
65,000
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Accrued liabilities
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42,000
Bonds payable, due 2020
250,000
171,000
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calculate ROI for 2017 resented here are the comparative balance sheets of Hames, Inc., at December...
calculate ROI for 2017
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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...
calculate ROI for 2017
resented here are the comparative balance sheets of Hames, Inc., at December 31, 2017 and 2016. Sales fo HAMES, INC., Balance Sheets December 31, 2017 and 2016 2017 2016 $ 20,000 78,000 103,000 $ 201,000 50,000 125,000 (65,000) $ 311,000 $ 21,000 72,000 99,000 $ 192,000 40,000 110,000 (60,000) $ 282,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other accrued...
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