Homework Answers
Solution: -$46,124
Working:
| Cash inflows from investing activities | 0 |
| Cash outflows from investing activities | |
| Net fixed assets (390,836 - 244,712) | $46,124 |
| Net cash flows from investing activities | –$46,124 |
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Assets Cash Accounts receivables Inventory Total current assets Net fixed Total assets 2007 $13,221 31,323 77,244...
3. Use these financial statements to answer questions Cash Accounts receivable Inventory Net fixed assets Total...
3. Use these financial statements to answer questions Cash Accounts receivable Inventory Net fixed assets Total assets Balance Sheet 2007 2008 $ 2,100 $ 2,300 Accounts payable 4,900 5,600 Long-term debt 9.800 11,400 Common stock 27,100 26.800 Retained earnings $43.900 $46,100 Total liabilities and equity 2007 2008 $ 3,600 $ 4,200 24,600 15,400 11,500 13,000 4,200 13,500 $43.900 $46,100 Income Statement Net Sales $61,800 Costs 39,200 Depreciation 5,200 EBIT 17,400 Interest 1,100 Taxable income 16,300 Taxes 5,500 Net Income $10,800...
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Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47...
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Question 32 of 40 2021 2022 Current assets Cash Accounts receivable, net Inventory Total current assets...
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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
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ABC Company Balance Sheet Current Assets: Cash Marketable Securities AIR Inventory Prepaid Expens...
We were unable to transcribe this imageABC Company Balance Sheet Current Assets: Cash Marketable Securities AIR Inventory Prepaid Expenses Total Current Assets 5,000 35,000 225,000 150,000 75,000 490,000 75,200 25,000 150,000 75,000 75,000 500,200 75,000 Plant & Equipment less Accumulated Depreciation Net Plant &Equipment 375,000 200000 175,000 125,000 200,000 Total Assets 840,000 850,200 Current Liabilities AIP Notes Payable Accrued Expenses Total Current Liabilities 225,000 50000 465,000 75,000 50000 425,000 Bonds Payable Total Liabilities 490,000 450,000 Stockholders Equity Preferred Stock Common...
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Assets Cash Accounts receivable Inventory Prepaid expensers Total current assets Equipment Accum. depreciation-Equipment Total assets 67,900 85,500 62, 625 293,656 263,800 2,135 446,776414, 060 120,000 83,890 1,330 145,500 (42,625) (52,000) $549,651 $482,060 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term notes payable Total liabilities Equity Common stock, $5 par value Paid-in capital in excess of par, common stock Retained earnings Total liabilities and equity 65,141 $132, 675 8,400 141,075 59,000 60,750 13, 600 78,741 7.741 201,...
3. Use these financial statements to answer questions Cash Accounts receivable Inventory Net fixed assets Total assets Balance Sheet 2007 2008 $ 2,100 $ 2,300 Accounts payable 4,900 5,600 Long-term debt 9.800 11,400 Common stock 27,100 26.800 Retained earnings $43.900 $46,100 Total liabilities and equity 2007 2008 $ 3,600 $ 4,200 24,600 15,400 11,500 13,000 4,200 13,500 $43.900 $46,100 Income Statement Net Sales $61,800 Costs 39,200 Depreciation 5,200 EBIT 17,400 Interest 1,100 Taxable income 16,300 Taxes 5,500 Net Income $10,800...
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Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47 Accounts payable 23 Total current liabilities $40 40 86 Long-Term Liabilities Long-Term Assets Net property, plant, and equipment Total long-term assets 170 164 Long-term debt Total long-term 164 liabilities 170 Total Assets 250 210 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 250 The balance sheet for a small firm is shown above. All amounts are in thousands of dollars What is this...
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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
6-12 The current sections of Blues Traveler Co. balance sheets at December 31, 2007 and 2008, are presented below. BLUES TRAVELER Co. Comparative Balance Sheets (partial) December 31 2008 2007 Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities $105,000 110,000 171,000 27,000 $413,000 $ 99,000 85,000 186,000 32,000 $402,000 $ 15,000 88,000 $103,000 $ 5,000 92,000 $ 97,000 Blues Traveler's net income for 2008 was $163,000. Depreciation...
We were unable to transcribe this imageABC Company Balance Sheet Current Assets: Cash Marketable Securities AIR Inventory Prepaid Expenses Total Current Assets 5,000 35,000 225,000 150,000 75,000 490,000 75,200 25,000 150,000 75,000 75,000 500,200 75,000 Plant & Equipment less Accumulated Depreciation Net Plant &Equipment 375,000 200000 175,000 125,000 200,000 Total Assets 840,000 850,200 Current Liabilities AIP Notes Payable Accrued Expenses Total Current Liabilities 225,000 50000 465,000 75,000 50000 425,000 Bonds Payable Total Liabilities 490,000 450,000 Stockholders Equity Preferred Stock Common...
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