The following is selected financial information for Joker Company for 2017. Cash $ 13,000 Accounts receivable...
The following is selected financial information for Joker Company for 2017. Cash $ 13,000 Accounts receivable 11,000 Current asset 36,000 Current liabilities 33,000 Long-term debt 170,000 Short-term debt 10,000 Total liabilities 230,000 Interest expense 15,000 Capital expenditures 16,000 Equity 46,000 Cash from operations 1,000 Earnings before interest and taxes 16,000Compute the cash from operations to total debt for Joker Company.
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The following is selected financial information for Joker
Company for 2017. Cash $ 13,000 Accounts receivable...
Given the following Financial Information Answer the following question: 2017 2018 Cash 1,000 270,396 Accounts Receivable...
Given the following Financial Information Answer the following question: 2017 2018 Cash 1,000 270,396 Accounts Receivable 6,000 6,600 Inventory 4,000 4,400 Prepaid Assets 3,000 3,300 Other Assets 1,000 1,100 Total Current Assets 15,000 285,796 Net PPE 90,000 73,000 Intangibles 6,000 6,000 Total Assets 111,000 364,796 Accounts Payable 2,000 2,200 Salary Payable 2,000 2,200 Notes Payable 9,000 9,000 Total Current Liabilities 13,000 13,400 Long-Term Debt 20,000 20,000 Total Liabilities 33,000 33,400 Common Stock 90,000 90,000 Retained Earnings -12,000 241,396 total equity...
Wenco Balance Sheet as of December 31, 2016 & 2017 Assets: 2016 2017 Cash 2,000 5,120...
Wenco Balance Sheet as of December 31, 2016 & 2017 Assets: 2016 2017 Cash 2,000 5,120 Accounts receivable 10,000 11,000 Inventory 14,000 16,000 Total current assets 26,000 32,120 Property, plant and equipment 76,000 78,000 Accumulated depreciation (24,000) (30,000) Net property plant & equipment 52,000 48,000 Total assets $78,000 $80,120 Liabilities: Accounts payable 15,000 17,000 Salaries payable 1,000 0 Interest payable 0 0 Total current liabilities 16,000 17,000 Bonds payable 30,000 30,000 Total liabilities 46,000 47,000 Shareholders' Equity: Common stock 20,000...
2018 2017 Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets 60,000 $ 53,000 30,000...
2018 2017 Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets 60,000 $ 53,000 30,000 0 146,000 132,000 277,000 252,000 495,000 535,000 265,000 202,000 44,000 56,000 170,000 178,000 48,000 44,000 Total Current Liabilities Long-term Note Payable Income from Operations Interest Expense Compute the following ratios for 2018 and 2017, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio c. Acid-test ratio
Blossom Company reported the following selected information at March 31 Total current assets Total assets Total...
Blossom Company reported the following selected information at March 31 Total current assets Total assets Total current liabilities Total liabilities Net cash provided by operating activities 2017 $252,500 431,500 284,500 374,000 62,100 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,000 and spent $24,500 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, e.g. 15.25. If answer is negative enter...
Prepare a statement of cash flows based on the following financial statements: Balance Sheet 2017 2018...
Prepare a statement of cash flows based on the following
financial statements:
Balance Sheet 2017 2018 Assets Current assets Cash $5,000 $6,500 Accounts receivable $31,500 30,000 $42,000 Inventory 40,000 Total $75,000 $80,000 Fixed assets Net plant and equipment $393,750 375,000 $450,000 Total assets $473,750 Liabilities and Owners Equity Current liabilities Accounts payable $50,000 $53,750 Notes payable 25,000 $26,250 Total $75,000 $80,000 Long-term debt Owners' equity $85,000 $89,250 Common stock $60,000 $63,000 Accumulated retained 241,500 230,000 earnings Total $290,000 $304,500 Total...
Your answer is partially correct. Blossom Company reported the following selected information at March 31. 2017 Tot...
Your answer is partially correct. Blossom Company reported the following selected information at March 31. 2017 Total current assets $220,875 Total assets 439,500 Total current liabilities 294,500 Total liabilities 355,995 Net cash provided by operating activities 64,000 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,800 and spent $24,400 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, eg. 15.25....
Balance Sheet, Jan 1, 2019 Current Assets Cost Current Liabilities Cost Cash 13,000 Accounts Payable 35,000...
Balance Sheet, Jan 1, 2019 Current Assets Cost Current Liabilities Cost Cash 13,000 Accounts Payable 35,000 Corn Grain Inventory 20,000 Interest Payable 11,850 Wheat Inventory 10,000 Principal Farm Mortgage 20,000 Prepaid expenses 5,500 Principal Beef Loan 10,000 Feed on hand 80,000 Operating Loan 75,000 Market Livestock 32,000 Property Taxes Payable 15,000 Accounts Receivable 2,000 Supplies 4,000 Total current assets 166,500 Total current liabilities 166,850 Intermediate Assets Intermediate Liabilities Machinery 300,000 Beef Loan 100,000 Beef Breeding Stock 55,000 Titled Vehicles 26,000...
Vaughn Manufacturing reported the following selected information at March 31. Total current assets Total assets Total...
Vaughn Manufacturing reported the following selected information at March 31. Total current assets Total assets Total current liabilities Total liabilities Net cash provided by operating activities 2017 $232,500 435,500 288,500 374,500 64,900 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,000 and spent $25,000 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, e.g. 15.25. If answer is negative enter...
LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2016 and 2017 2017 2016 Gross...
LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2016 and 2017 2017 2016 Gross sales $ 19,000 $ 15,000 Sales returns and allowances 1,000 100 Net sales $ 18,000 $ 14,900 Cost of merchandise (goods) sold 12,000 9,000 Gross profit $ 6,000 $ 5,900 Operating expenses: Depreciation $ 700 $ 600 Selling and administrative 2,200 2,000 Research 550 500 Miscellaneous 360 300 Total operating expenses $ 3,810 $ 3,400 Income before interest and taxes $ 2,190 $ 2,500...
Assets 2017 2018 Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2017 and 2018...
Assets 2017 2018 Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 15,120 Accounts payable $ 61,600 25,200 Notes payable 14,400 89,040 $ 7,400 23,400 76,200 $ 62,160 18,240 Total $ 107,000 $ 129,360 Total $ 76,000 $ 80,400 $ 48,000 $ 36,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings $ 60,000 216,000 $ 60,000 303,600 Net plant and equipment $293,000...
2018 2017 Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets 60,000 $ 53,000 30,000 0 146,000 132,000 277,000 252,000 495,000 535,000 265,000 202,000 44,000 56,000 170,000 178,000 48,000 44,000 Total Current Liabilities Long-term Note Payable Income from Operations Interest Expense Compute the following ratios for 2018 and 2017, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio c. Acid-test ratio
Blossom Company reported the following selected information at March 31 Total current assets Total assets Total current liabilities Total liabilities Net cash provided by operating activities 2017 $252,500 431,500 284,500 374,000 62,100 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,000 and spent $24,500 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, e.g. 15.25. If answer is negative enter...
Prepare a statement of cash flows based on the following
financial statements:
Balance Sheet 2017 2018 Assets Current assets Cash $5,000 $6,500 Accounts receivable $31,500 30,000 $42,000 Inventory 40,000 Total $75,000 $80,000 Fixed assets Net plant and equipment $393,750 375,000 $450,000 Total assets $473,750 Liabilities and Owners Equity Current liabilities Accounts payable $50,000 $53,750 Notes payable 25,000 $26,250 Total $75,000 $80,000 Long-term debt Owners' equity $85,000 $89,250 Common stock $60,000 $63,000 Accumulated retained 241,500 230,000 earnings Total $290,000 $304,500 Total...
Your answer is partially correct. Blossom Company reported the following selected information at March 31. 2017 Total current assets $220,875 Total assets 439,500 Total current liabilities 294,500 Total liabilities 355,995 Net cash provided by operating activities 64,000 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,800 and spent $24,400 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, eg. 15.25....
Vaughn Manufacturing reported the following selected information at March 31. Total current assets Total assets Total current liabilities Total liabilities Net cash provided by operating activities 2017 $232,500 435,500 288,500 374,500 64,900 Calculate the current ratio, the debt to assets ratio, and free cash flow for March 31, 2017. The company paid dividends of $11,000 and spent $25,000 on capital expenditures. (Round current ratio and debt to assets ratio to 2 decimal places, e.g. 15.25. If answer is negative enter...
Assets 2017 2018 Current assets Cash Accounts receivable Inventory JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 15,120 Accounts payable $ 61,600 25,200 Notes payable 14,400 89,040 $ 7,400 23,400 76,200 $ 62,160 18,240 Total $ 107,000 $ 129,360 Total $ 76,000 $ 80,400 $ 48,000 $ 36,000 Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings $ 60,000 216,000 $ 60,000 303,600 Net plant and equipment $293,000...
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