Question

4) Lester's Markets has total revenues of $3,811, costs of $2,902, depreciation of $315, interest expense...

4) Lester's Markets has total revenues of $3,811, costs of $2,902, depreciation of $315, interest expense of $168, and taxes of $89. At the beginning of the year, the firm had current assets of $2,150, total assets of $4,908, and total liabilities of $1,964. At the end of the year, the current assets are $2,202, total assets are $5,103, and total liabilities are $1,952. What is the amount of net capital spending for the year?


A) −$182

B) $133

C) $458

D) $510

E) $285

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
4) Lester's Markets has total revenues of $3,811, costs of $2,902, depreciation of $315, interest expense...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Right Way Movers has interest expense of $168, total revenues of $38,411, costs of $28,515, depreciation...

    Right Way Movers has interest expense of $168, total revenues of $38,411, costs of $28,515, depreciation of $306, and taxes of $1,979. The beginning balance sheet has total assets of $48,354, net fixed assets of $31,202, current liabilities of $14,207, and total liabilities of $29,407. The ending balance sheet shows total assets of $49,305, net fixed assets of $33,406, current liabilities of $17,318, and total liabilities of $30,404. What is the annual cash flow of the firm?

  • 1. Profit went up this most recent year due to: a. Increase in interest expense. b....

    1. Profit went up this most recent year due to: a. Increase in interest expense. b. decrease in depreciation expenses c. increase in sales revenue d. All of the above 2. Total assets decreased since last year because a. Cash and Receivables decreased. b. Goodwill increased c. Accounts Payable decreased d. None of the above THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February 3, 2019 January 28, 2018 in millions, except per share data Assets Current assets: Cash and cash...

  • Complete the excel. INCOME STATEMENT 1 Sales 2 COGS 3 Depreciation expense 4 Total operating costs...

    Complete the excel. INCOME STATEMENT 1 Sales 2 COGS 3 Depreciation expense 4 Total operating costs 5 EBIT 6 Less interest 7 Earnings before taxes (EBT) 8 Taxes (40%) 11 Net Income 12 Shares of common equity 13 Dividends per share 14 Dividends to common 15 Additions to retained earnings Actual 2016 $ 7,500.00 $ 5,625.00 375.00 6,000.00 1,500.00 63.00 1,437.00 574.80 862.20 62.50 $ 2.50 $ 156.25 $ 705.95 Actual 2016 30.00 543.75 787.50 1,361.25 1,350.00 2,711.25 BALANCE SHEET...

  • perform a horizontal analysis of the MCL income statement (table 4-7) for 2011 and 2012. wrote...

    perform a horizontal analysis of the MCL income statement (table 4-7) for 2011 and 2012. wrote an explanation of this analysis. 40 Moderately Large Corporation Consolidaed Balance Sheet (in thousands except share data) Fiscal Year Ended T he Dec. 31, 2013 Dec. 31, 2012 ASSETS Current assets: Cash and cash equivalents $1,369 Accounts receivable, net $1,427 1,008 876 Inventories 1,489 481 Prepaid expenses and other current assets 157 126 Deferred income taxes, net 44 Total current assets 4,066 2,950 Property,...

  • 1 2 2 3 3 4 4 5 5 Line torowing intormabon apones to the questions...

    1 2 2 3 3 4 4 5 5 Line torowing intormabon apones to the questions displayed below Lansing Company's current year income statement and selected balance sheet data at December 31 of the current and prior years follow. LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue $112,200 Expenses Cost of goods sold 47. Depreciation expense 14.See Salaries expense 23. Rent expense 9. See Insurance expense Interest expense 4,20 utilities expense Net income $ 6, See...

  • Based on the income statement and balance sheet. Can you tell me the problem JetBlue is...

    Based on the income statement and balance sheet. Can you tell me the problem JetBlue is facing? EXHIBIT 4 Income Statement of JetBlue Fiscal year is January-December. All values USD millions. 2016 2015 2013 2012 4,982 Sales/Revenue 6,632 6,416 5,441 2014 5,817 6.91% 5,048 Sales Growth 3.37% 10.30% 4,831 9.21% 4,789 Cost of Goods Sold (COGS) incl. D&A 5,070 4,412 COGS excluding D&A 4,499 4,677 393 337 4,154 258 Depreciation & Amortization Expense 290 4,486 345 288 57 4,728 320...

  • Need help with b,c and d. A30 fx III. A B с 78 79 TOTAL LIABILITIES...

    Need help with b,c and d. A30 fx III. A B с 78 79 TOTAL LIABILITIES 80 81 b) In the next 3 months the following accounting events happened to the company (the VAT is 25% in each 82 event wherever it is possible). Record the accounting events in the books! (24p) 83 84 85 86 1. The owners opened a bank account and paid 300.000 K HUF in as a startup capital to launch the business. 87 88 2....

  • Apple and Google work to maintain high-quality and low-cost operations. One ratio routinely computed for this...

    Apple and Google work to maintain high-quality and low-cost operations. One ratio routinely computed for this assessment is the cost of goods sold divided by total expenses. A decline in this ratio can mean that the company is spending too much on selling and administrative activities. An increase in this ratio beyond a reasonable level can mean that the company is not spending enough on selling activities. Use Apple's financial statements in Appendix Ai (Assume for this analysis that total...

  • The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in...

    The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Instructions Use the companies' financial information to answer the following questions. a. Based on the information contained in these financial statements, determine each of the following for each company. 1. Cash used in (for) investing activities during 2017 (from the statement of cash flows)....

  • Walmart has 11,000 million shares authorized What percentage of authorized shares was issued by Amazon at...

    Walmart has 11,000 million shares authorized What percentage of authorized shares was issued by Amazon at December 31, 2015, and by Wal-Mart at January 31, 2016? (Round answers to 1 decimal place, e.g. 52.5%.) Amazon Wal-Mart Percentage of authorized shares issued % % How many shares are held as treasury stock by Amazon at December 31, 2015, and by Wal-Mart at January 31, 2016? (Enter answers in millions. If answer is zero, please enter for the amount. Do not leave...

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