Homework Answers
| Part 1 | |||||||
| Working capital = current assets - current liabilities | |||||||
| 515000 - 206000 = | 309000 | ||||||
| Part 2 | |||||||
| Current ratio= Current assets/ current liabilities | |||||||
| 515000 / 206000 = | 2.5 | ||||||
| Part 3 | |||||||
| Free Cash flows = Net cash from operating activities- Capital Expenditure | |||||||
| 190600 - 85000= | 105600 | ||||||
| Part 4 | |||||||
| Debt to assets Ratio = Total debts / Total Assets | |||||||
| 218515 / 1088500 = | 20% | ||||||
| Part 5 | |||||||
| Earning Per share = Net cash from operating activities/ weighted average common shares | |||||||
| 190600 / 50000 = | 3.81 | ||||||
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Sandhill Co. Income Statement For the Year Ended December 31, 2022 Net sales Cost of goods...
Sandhill Co. Income Statement For the Year Ended December 31, 2022 Net sales $2,225,500 Cost of...
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The following are financial statements of Vaughn Manufacturing. Vaughn Manufacturing Income Statement For the Year Ended...
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Accounts receivable (net)
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The following are financial statements of Vaughn
Manufacturing.
Vaughn Manufacturing
Income Statement
For the Year Ended December 31, 2017
Net sales
$2,230,600
Cost of goods sold
1,028,200
Selling and administrative expenses
924,400
Interest expense
90,300
Income tax expense
70,610
Net income
$ 117,090
Vaughn Manufacturing
Balance Sheet
December 31, 2017
Assets
Current assets
Cash
$ 72,200
Debt investments
85,610
Accounts receivable (net)
189,000
Inventory
162,400
Total current assets
509,210
Plant assets (net)
591,100
Total assets
$ 1,100,310
Liabilities and Stockholders’...
Income Statement For the Year Ended December 31, 2021 $2,576,000 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses $1,550,000 778,000 19,000 7,200 11,000 40,e00 2,405,200 $ 170,800 Net income VIDEO PHONES, INC. Balance Sheets December 31 2021 2020 Assets Current assets: $ 77,560 52,000 127,000 4,440 $152,320 72,200 105,000 8,880 Cash Accounts receivable Inventory Prepaid rent Long-term assets : Investments 97,000 202,000 254,000 (59,400) $832,000...
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