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You are given the following information for Smashville, Inc. Cost of goods sold: Investment income: Net...
You are given the following information for Smashville, Inc. Cost of goods sold: $ 184,000 Investment...
You are given the following information for Smashville, Inc. Cost of goods sold: $ 184,000 Investment income: $ 1,600 Net sales: $ 387,000 Operating expense: $ 88,000 Interest expense: $ 7,400 Dividends: $ 6,000 Tax rate: 30 % Current liabilities: $ 12,000 Cash: $ 21,000 Long-term debt: $ 32,000 Other assets: $ 40,000 Fixed assets: $ 125,000 Other liabilities: $ 5,000 Investments: $ 36,000 Operating assets: $ 64,000 During the year, Smashville, Inc., had 17,000 shares of stock outstanding and...
Cost of goods sold: Investment income: $234,000 $ 2,680 $ 397,000 S 92,000 $ 7,400 $ 12,000 4% Net sales: Operating...
Cost of goods sold: Investment income: $234,000 $ 2,680 $ 397,000 S 92,000 $ 7,400 $ 12,000 4% Net sales: Operating expense: Interest expense: Dividends: Тах гate: Book ronces Current liabilities: Cash: $ 20,000 $ 21,000 $ 22,000 $ 42,000 $131,000 s 5,000 $ 46,000 $ 47,000 Long-term debt: Other assets: Fixed assets: Other liabilities Investments Operating assets: During the year, Smashville, Inc., had 17,000 sheares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share,...
Given the following information for Smashville, Inc., construct an income statement for the year: Cost of...
Given the following information for Smashville, Inc., construct an income statement for the year: Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: $ 170,000 $ 3,200 $ 338,000 $ 49,000 $ 7,400 $ 14,000 40% What are retained earnings for the year? (Input all amounts as positive values.)
Given the following information for Smashville, Inc., construct an income statement for the year: Cost of...
Given the following information for Smashville, Inc., construct an income statement for the year: Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: $169,000 $ 1,300 $282,000 $ 44,000 $ 7,400 $ 5,000 303 What are retained earnings for the year? (Input all amounts as positive values.) COS Retained earings
Given the following information for Smashville, Inc., construct a balance sheet: Current liabilities: Cash: Long-term debt:...
Given the following information for Smashville, Inc., construct a balance sheet: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: $ 54,000 $ 21,000 $130,000 $ 38,000 $169,000 $ 24,000 $ 50,000 $ 41,000 cash Fixed assets Other assets Operating assets Total assets 0 Total liabilities and equity
Net sales Cost of goods sold Selling and administrative expenses Interest expense Other Income Income taxes...
Net sales Cost of goods sold Selling and administrative expenses Interest expense Other Income Income taxes Net Income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $78,000 $420,000 54,600 310,900 19,500 88,200 780 2,100 204,300 B, 120 $ 2.041 S 15.080 1.099 Current assets Noncurrent assets Tatal assets Current liabilities Long-term liabilities Tatal stockhalders' equity Tatal liabilities and stockholders' equity Target Wal-Mart Balance Sheet Data (End of Year) $20,160 $ 47,520 28,000 121,000 $48,160 $168,520 $12,000 $ 54.000 21,712...
Required information The following information applies to the questions displayed below.) The following financial statements and...
Required information The following information applies to the questions displayed below.) The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets $100,300 83,000 75,800 5,600 264, 700 136,000 (33,000) $367, 700 $ 56,000 63,000 104,500 7,800 231,300 127,000 (15,000) $343, 300 Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current...
11) Milton, Inc. provides the following income statement for 2019: Net Sales Cost of Goods Sold...
11) Milton, Inc. provides the following income statement for 2019: Net Sales Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Loss on Sale of Capital Assets Interest Expense Total Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Net Income $240,000 110,000 $130,000 operason 45,000 12,000 57,000 $73,000 (25,000) (1000 (26,000) $47,000 5000 $42,000 Calculate the times-interest-earned ratio. (Round your answer to two decimal places.)...
CRUZ, INC. Income Statement For Year Ended December 31, 2017 Sales $488,000 Cost of goods sold...
CRUZ, INC. Income Statement For Year Ended December 31, 2017 Sales $488,000 Cost of goods sold 314,000 Gross profit 174,000 Operating expenses Depreciation expense $37,600 Other expenses 89,100 126,700 Income before taxes 47,300 Income taxes expense 17,300 Net income $ 30,000 CRUZ, INC. Comparative Balance Sheets December 31, 2017 | 2017 2016 _ Assets Cash $ 94,800 $ 24,000 Accounts receivable, net 41,000 51,000 Inventory 85,800 95,800 Prepaid expenses 5,400 4,200 Total current assets 227,000 175,000 Furniture 109,000 119,000 Accum....
Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income...
Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Income Statement Data for Year $66,800 $413,000 46,000 308,000 14,400 77,000 680 1,800 (90) (380) 1,400 6,900 $4,230 $18,920 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $18,000 $47,000 27,500 121,000 $45,500 $168,000 $11,000 $54,000 16,800 45,000 17,700 69,000 $45,500 $168,000 Total assets Total...
Cost of goods sold: Investment income: $234,000 $ 2,680 $ 397,000 S 92,000 $ 7,400 $ 12,000 4% Net sales: Operating expense: Interest expense: Dividends: Тах гate: Book ronces Current liabilities: Cash: $ 20,000 $ 21,000 $ 22,000 $ 42,000 $131,000 s 5,000 $ 46,000 $ 47,000 Long-term debt: Other assets: Fixed assets: Other liabilities Investments Operating assets: During the year, Smashville, Inc., had 17,000 sheares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share,...
Given the following information for Smashville, Inc., construct an income statement for the year: Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: $ 170,000 $ 3,200 $ 338,000 $ 49,000 $ 7,400 $ 14,000 40% What are retained earnings for the year? (Input all amounts as positive values.)
Given the following information for Smashville, Inc., construct an income statement for the year: Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: $169,000 $ 1,300 $282,000 $ 44,000 $ 7,400 $ 5,000 303 What are retained earnings for the year? (Input all amounts as positive values.) COS Retained earings
Given the following information for Smashville, Inc., construct a balance sheet: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: $ 54,000 $ 21,000 $130,000 $ 38,000 $169,000 $ 24,000 $ 50,000 $ 41,000 cash Fixed assets Other assets Operating assets Total assets 0 Total liabilities and equity
Net sales Cost of goods sold Selling and administrative expenses Interest expense Other Income Income taxes Net Income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $78,000 $420,000 54,600 310,900 19,500 88,200 780 2,100 204,300 B, 120 $ 2.041 S 15.080 1.099 Current assets Noncurrent assets Tatal assets Current liabilities Long-term liabilities Tatal stockhalders' equity Tatal liabilities and stockholders' equity Target Wal-Mart Balance Sheet Data (End of Year) $20,160 $ 47,520 28,000 121,000 $48,160 $168,520 $12,000 $ 54.000 21,712...
Required information The following information applies to the questions displayed below.) The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets $100,300 83,000 75,800 5,600 264, 700 136,000 (33,000) $367, 700 $ 56,000 63,000 104,500 7,800 231,300 127,000 (15,000) $343, 300 Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current...
11) Milton, Inc. provides the following income statement for 2019: Net Sales Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Loss on Sale of Capital Assets Interest Expense Total Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Net Income $240,000 110,000 $130,000 operason 45,000 12,000 57,000 $73,000 (25,000) (1000 (26,000) $47,000 5000 $42,000 Calculate the times-interest-earned ratio. (Round your answer to two decimal places.)...
CRUZ, INC. Income Statement For Year Ended December 31, 2017 Sales $488,000 Cost of goods sold 314,000 Gross profit 174,000 Operating expenses Depreciation expense $37,600 Other expenses 89,100 126,700 Income before taxes 47,300 Income taxes expense 17,300 Net income $ 30,000 CRUZ, INC. Comparative Balance Sheets December 31, 2017 | 2017 2016 _ Assets Cash $ 94,800 $ 24,000 Accounts receivable, net 41,000 51,000 Inventory 85,800 95,800 Prepaid expenses 5,400 4,200 Total current assets 227,000 175,000 Furniture 109,000 119,000 Accum....
Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Income Statement Data for Year $66,800 $413,000 46,000 308,000 14,400 77,000 680 1,800 (90) (380) 1,400 6,900 $4,230 $18,920 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $18,000 $47,000 27,500 121,000 $45,500 $168,000 $11,000 $54,000 16,800 45,000 17,700 69,000 $45,500 $168,000 Total assets Total...
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