Homework Answers
Answer : A = $ ( 200000 )
>> Working capital = Current Assets - Current Liabilities.
>> Working Capital = $ 400000 - $ 600000 = $ ( 200000 ).
Add Answer to:
Blaise Inc. has the following information available for 2011 and 2012: Current assets Current liabilities 2011...
SMOLIRA GOLF 2011 and 2012 Balance Sheets Liabilities and Owners' Equity 2011 Assets 2012 2012 2011...
SMOLIRA GOLF 2011 and 2012 Balance Sheets Liabilities and Owners' Equity 2011 Assets 2012 2012 2011 Current liabilities Current assets Cash Accounts receivable Inventory $ 23,184 12,000 11,571 $ 27,420 10,800 15,553 $ 24.255 15,235 27,155 Accounts payable Notes payable Other 24,046 12.448 25.392 $ 66,645 $ 46,755 $ 53.773 S 61.886 Total Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 80,000 $95,000 $ 40,000 219,826 $ 40,000 243,606 Fixed assets Net plant and...
Grogan Inc. Grogan Inc. had the following information available from its 2011 and 2012 financial statements:...
Grogan Inc. Grogan Inc. had the following information available from its 2011 and 2012 financial statements: Balance sheet information: Current assets Long term assets Total assets 2011 $ 15,000 107.000 $122.000 2012 $ 20,000 207.000 $227,000 Current liabilities Long-term liabilities Total liabilities $ 16,000 40.000 $ 56,000 $ 11,500 60.000 $ 71,500 Common stock Retained earnings Total stockholders' equity $ 30,000 36.000 $ 66.000 $71,750 83.750 $155,500 Income statement information: Income before interest and taxes Interest expense Tax expense Net...
Thompson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2012 300 Cash...
Thompson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2012 300 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets 2011 800 3,700 8,400 12,900 34,500 47,400 3,000 10,200 13,500 42,600 56,100 Notes payable Accounts payable Accruals Current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity 1,000 600 1,600 10,700 6,000 18,900 10,200 47,400 1,600 800 700 3,100 10,000 8,000 24,100 10,900 56,100 In its 2011 income statement, Thompson...
Jeffersonson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2012 500 Cash...
Jeffersonson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2012 500 Cash Accounts receivable Inventory Current assets Net fixed assets Land Total assets 2011 500 2,800 9,300 12,600 48,200 11,600 72,400 2,400 9,900 12,800 61,400 12,900 87,100 1,000 1,700 Notes payable Accounts payable Accruals Current portion of LT Debt Current liabilities Long-term debt Common stock Additional paid in capital Retained earnings Total liabilities and equity 1,200 1,900 100 3,200 6,400 12,600 21,000 18,400 14,000 72,400 4,200...
Arredondo, Inc., has current assets of $2517, net fixed assets of $4880, current liabilities of $3559,...
Arredondo, Inc., has current assets of $2517, net fixed assets of $4880, current liabilities of $3559, and long-term debt of $8188. How much is net working capital?
Wims, Inc., has current assets of $4,100, net fixed assets of $14,500, current liabilities of $3,600,...
Wims, Inc., has current assets of $4,100, net fixed assets of $14,500, current liabilities of $3,600, and long-term debt of $5,800. a. What is the value of the shareholders' equity account for this firm? b. How much is net working capital?
grey wolf inc. has current assets of 2090, net fixed assets of 9830, current liabilities of...
grey wolf inc. has current assets of 2090, net fixed assets of 9830, current liabilities of 1710, and long term debt of 4520. a. what is the value of the shareholders equity account for this firm? b. how much is net working capital?
Just Dew It Corporation reports the following balance sheet information for 2011 and 2012. JUST DEW...
Just Dew It Corporation reports the following balance sheet information for 2011 and 2012. JUST DEW IT CORPORATION 2011 and 2012 Balance Sheets Assets Liabilities and Owners’ Equity 2011 2012 2011 2012 Current assets Current liabilities Cash $ 9,279 $ 11,173 Accounts payable $ 41,060 $ 43,805 Accounts receivable 23,683 25,760 Notes payable 16,157 16,843 Inventory 42,636 46,915 Total $ 75,598 $ 83,848 Total $ 57,217 $ 60,648 Long-term debt $ 40,000 $ 35,000 Owners’ equity Common stock and paid-in...
2011 2012 Cash 300 400 Accounts receivable 1,000 1,400 Inventories 3,200 3,000 Current assets 4,500 4,800...
2011 2012 Cash 300 400 Accounts receivable 1,000 1,400 Inventories 3,200 3,000 Current assets 4,500 4,800 Net fixed assets 3,800 Total assets 4,300 9,100 8,300 Notes payable 300 Accounts payable 500 Accruals Current portion of long- term debt Current liabilities 1,220 Long-term debt 4,300 Common stock ($.20 par) 1,200 Additional paid-in capital 680 Retained earnings Total liabilities and equity 8,300 Het income as reported on the 2012 Income statement) - 528 960 4,900 1,300 740 1,200 900 9,100 Depreciation as...
A firm's long-term assets = $100,000, total assets = $400,000, inventory = $50,000 and current liabilities...
A firm's long-term assets = $100,000, total assets = $400,000, inventory = $50,000 and current liabilities = $200,000. The industry average current ratio is 2.0 and quick ratio is 1.5. (3 points each) 7.1 What are the firm's current ratio and quick ratio? 7.2 What is the firm's liquidity position? 7.3 What is the firm's net working capital? 7.4 Why is working capital important to a business?
SMOLIRA GOLF 2011 and 2012 Balance Sheets Liabilities and Owners' Equity 2011 Assets 2012 2012 2011 Current liabilities Current assets Cash Accounts receivable Inventory $ 23,184 12,000 11,571 $ 27,420 10,800 15,553 $ 24.255 15,235 27,155 Accounts payable Notes payable Other 24,046 12.448 25.392 $ 66,645 $ 46,755 $ 53.773 S 61.886 Total Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 80,000 $95,000 $ 40,000 219,826 $ 40,000 243,606 Fixed assets Net plant and...
Grogan Inc. Grogan Inc. had the following information available from its 2011 and 2012 financial statements: Balance sheet information: Current assets Long term assets Total assets 2011 $ 15,000 107.000 $122.000 2012 $ 20,000 207.000 $227,000 Current liabilities Long-term liabilities Total liabilities $ 16,000 40.000 $ 56,000 $ 11,500 60.000 $ 71,500 Common stock Retained earnings Total stockholders' equity $ 30,000 36.000 $ 66.000 $71,750 83.750 $155,500 Income statement information: Income before interest and taxes Interest expense Tax expense Net...
Thompson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2012 300 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets 2011 800 3,700 8,400 12,900 34,500 47,400 3,000 10,200 13,500 42,600 56,100 Notes payable Accounts payable Accruals Current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity 1,000 600 1,600 10,700 6,000 18,900 10,200 47,400 1,600 800 700 3,100 10,000 8,000 24,100 10,900 56,100 In its 2011 income statement, Thompson...
Jeffersonson, Inc. Balance Sheets For the years ending December 31, 2011 and 2012) 2012 500 Cash Accounts receivable Inventory Current assets Net fixed assets Land Total assets 2011 500 2,800 9,300 12,600 48,200 11,600 72,400 2,400 9,900 12,800 61,400 12,900 87,100 1,000 1,700 Notes payable Accounts payable Accruals Current portion of LT Debt Current liabilities Long-term debt Common stock Additional paid in capital Retained earnings Total liabilities and equity 1,200 1,900 100 3,200 6,400 12,600 21,000 18,400 14,000 72,400 4,200...
Wims, Inc., has current assets of $4,100, net fixed assets of $14,500, current liabilities of $3,600, and long-term debt of $5,800. a. What is the value of the shareholders' equity account for this firm? b. How much is net working capital?
2011 2012 Cash 300 400 Accounts receivable 1,000 1,400 Inventories 3,200 3,000 Current assets 4,500 4,800 Net fixed assets 3,800 Total assets 4,300 9,100 8,300 Notes payable 300 Accounts payable 500 Accruals Current portion of long- term debt Current liabilities 1,220 Long-term debt 4,300 Common stock ($.20 par) 1,200 Additional paid-in capital 680 Retained earnings Total liabilities and equity 8,300 Het income as reported on the 2012 Income statement) - 528 960 4,900 1,300 740 1,200 900 9,100 Depreciation as...
A firm's long-term assets = $100,000, total assets = $400,000, inventory = $50,000 and current liabilities = $200,000. The industry average current ratio is 2.0 and quick ratio is 1.5. (3 points each) 7.1 What are the firm's current ratio and quick ratio? 7.2 What is the firm's liquidity position? 7.3 What is the firm's net working capital? 7.4 Why is working capital important to a business?
Most questions answered within 3 hours.
-
why it is important and how it integrates within ERP? And what
the core challenges of...
asked 1 hour ago -
A strawberry farmer determines that the average weight of
individual strawberries produced by plants in his...
asked 1 hour ago -
Chargaff's results yielded a molar ratio of 0.400 for A to G in
avian tubercle bacillus...
asked 3 hours ago -
Which of the following binds ATP/ADP?
a. microfilaments
b. microtubules
c. intermediate filaments
d. microfilaments and...
asked 3 hours ago -
Assume that the situation can be expressed as a linear cost
function. Find the cost function....
asked 5 hours ago -
(Sort ArrayList) Write the following method that sorts an
ArrayList: public static > void sort(ArrayList list)...
asked 6 hours ago -
2) A 9 volt battery is connected to a parallel plate capacitor
with an initial capacitance...
asked 5 hours ago -
Prince Equipment has to decide whether to obtain $1,000,000 of
financing by: (1) selling common stock...
asked 6 hours ago -
The terms electrical and electronic have similar but
different meanings which of the following statement is...
asked 6 hours ago -
You wish to test the claim that the mean GPA of night students
is than 2.5...
asked 7 hours ago -
A soft drink machine outputs a mean of 25 ounces per cup. The
machine's output is...
asked 8 hours ago -
Ross Co., Westerfield, Inc., and Jordan Company announced a new
agreement to market their respective products...
asked 7 hours ago