Financial Statements, Cash Flow, and Taxes-ab6873

Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown.   Laiho Industries: Balance Sheets as of December 31 (thousands of dollars)   2021   2020   Cash $ 106,278   $ 91,660   Accounts receivable   103,347     85,164   Inventories   38,965     35,757      Total current assets $ 248,590   $ 212,581   Net fixed assets   67,963     42,749   Total assets $ 316,553   $ 255,330                 Accounts payable $ 30,151   $ 22,600   Accruals   31,711     24,202   Notes payable   17,606     14,626      Total current liabilities $ 79,468   $ 61,428   Long-term debt   77,320     64,070      Total liabilities $ 156,788   $ 125,498   Common stock   100,500     88,000   Retained earnings   59,265     41,832      Total common equity $ 159,765   $ 129,832   Total liabilities and equity $ 316,553   $ 255,330     The data has been collected in the Microsoft Excel file below.…

Laiho Industries: Balance Sheets as of December 31 (thousands of dollars) 2021 Cash $101,426 2020 $ 89,860 Accounts receivable 101,633 83,682 Inventories 38,056 35,033 Total current assets $241,115 $208,575 Net fixed assets Total assets 70,997 $312,112 44,385 $252,960 Accounts payable Accruals Notes payable Total current liabilities Long-term debt $ 32,241 29,743 16,658 $ 78,642 77,676 $156,318 $ 24,640 22,720 14,048 $ 61,408 65,276 $126,684 Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 105,500 93,000 50,294 33,276 $155,794 $126,276 $312,112 $252,960

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What is Ratio Corporation's Fiscal 2021 Times Interest Earned Ratio?       1.41   2.57   4.5   1.63

Pharoah Corporation’s comparative balance sheet is presented below. PHAROAH CORPORATIONBalance SheetDecember 31 Assets   2021     2020   Cash   $12,010     $8,980   Accounts receivable   17,810     19,660   Land   16,800     21,840   Buildings   58,800     58,800   Accumulated depreciation—buildings   (12,600 )   (8,400 ) Total   $92,820     $100,880   Liabilities and Shareholders’ Equity             Accounts payable   $10,390     $26,120   Common shares   63,000     57,960   Retained earnings   19,430     16,800   Total   $92,820     $100,880   Additional information: 1.   Profit was $19,010. Dividends declared and paid were $16,380. 2.   No noncash investing and financing activities occurred during 2021. 3.   The land was sold for cash of $4,120 resulting in a loss of $920 on the sale of the land. Prepare a cash flow statement for 2021 using the indirect method. Lu…

JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Current assets Liabilities and Owners' Equity Current liabilities 2020 2021 Cash $12,000 $ 17,775 Accounts payable Accounts receivable 12,750 16,425 Notes payable $46,875 $55,575 19,125 24,750 Inventory 50,250 56,925 Total $75,000 $91,125 Total $66,000 $80,325 Long-term debt $30,000 $27,000 Owners' equity Common stock and paid-in surplus $45,000 $45,000 Retained earnings 234,000 297,675 Net plant and equipment $ 300,000 $ $ 358,875 Total $279,000 342,675 $ $ Total assets $375,000 Total liabilities and owners' equity $375,000 450,000 450,000 Prepare the 2021 common-base year balance sheet for Just Dew It. (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.) Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Liabilities and Owners' Equity 2020 2021 $ 12,000 $ 17,775 12,750 16,425 50,250 56,925 $ 69 75,000 $…

Ratio Analysis Consider the following information taken from GER's financial statements:   September 30(in thousands)   2020   2019 Current assets:           Cash and cash equivalents $1,274 $6,450     Receivables 30,071 16,548     Inventories 31,796 14,072     Other current assets 4,818 2,620         Total current assets $67,959 $39,690 Current liabilities:     Current portion of long-term debt $97 $3,530     Accounts payable 23,124 11,228     Accrued compensation costs 5,606 1,929     Accrued expenses 9,108 5,054     Other current liabilities 874 777         Total current liabilities $38,809 $22,518 Also, GER's operating cash flows were $11,255 and $13,736 in 2020 and 2019, respectively. 4.  Calculate the operating cash flow ratios for 2020 and 2019.   Operating Cash Flow Ratio 2020 fill in the blank 7 2019 fill in the blank 8

Seminole Corporation reported the following items at December 31, 2021, and 2020: (Click the icon to view the comparative financial information.) Read the requirements. Requirement 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2021. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days. (a) Enter the formula and calculate the quick (acid-test) ratio for 2021. (Abbreviation used: Cash* = Cash and cash equivalents. Round your final answer to two decimal places.) Cash* + Short-term investments + Net current receivables + Total current liabilities = Quick (acid-test) ratio $ Seminole's quick (acid-test) ratio is considered fairly weak. (b) Select the formula and calculate Seminole's days' sales outstanding for 2021. (Round interim calculations to two decimal places, XX.XX. Round the days' sales outstanding up to the next whole day.) Accounts receivable turnover = + Days' sales outstanding Seminole's days'…

Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M CompanyBalance Sheets (partial)     2020   2019 Current assets             Cash and cash equivalents   $3,040   $1,908     Accounts receivable, net   3,370   3,180     Inventories   2,774   3,016     Other current assets   1,956   1,628 Total current assets   $11,140   $9,732 Current liabilities   $4,882   $5,875 Calculate the current ratio and working capital for 3M for 2019 and 2020.

On January 1, 2024, the general ledger of Freedom Fireworks includes the following account balances: Accounts Cash Credit Debit $11,200 Accounts Receivable 34,000 Allowance for Uncollectible Accounts $1,800 Inventory 152,000 Land 67,300 Buildings 120,000 Accumulated Depreciation Accounts Payable 9,600 17,700 Common Stock 200,000 Retained Earnings Totals $ 384,500 155,400 $384,500 During January 2024, the following transactions occur: January 1 Borrow $100,000 from Captive Credit Corporation. The installment note bears interest at 7% annually and matures in 5 years. Payments of $1,980 are required at the end of each month for 60 months. January 4 Receive $31,000 from customers on accounts receivable. January 10 Pay cash on accounts payable, $11,000. January 15 Pay cash for salaries, $28,900. January 30 Firework sales for the month total $195,000. The cost of the units sold is $112,500. January 31 Pay the first monthly installment of $1,980 related to the $100,000 borrowed on January 1.…

Condensed balance sheet and income statement data for Coronado Corporation are presented here. Coronado CorporationBalance SheetsDecember 31     2022   2021   2020 Cash   $ 29,700     $ 17,300     $ 17,100   Accounts receivable (net)   49,500     45,800     49,000   Other current assets   89,800     95,700     63,900   Investments   55,100     69,300     45,600   Property, plant, and equipment (net)   500,800     369,900     358,000       $724,900     $598,000     $533,600   Current liabilities   $84,500     $80,200     $69,100   Long-term debt   145,100     84,100     49,100   Common stock, $10 par   354,000     321,000     308,000   Retained earnings   141,300     112,700     107,400       $724,900     $598,000     $533,600     Coronado CorporationIncome StatementsFor the Years Ended December 31     2022   2021 Sales   $744,500     $606,300   Less: Sales returns and allowances   40,900     29,700   Net…

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Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). Current assets 3M Company Balance Sheets (partial) Cash and cash equivalents Accounts receivable, net Inventories Other current assets Total current assets Current liabilities Screenshot Current ratio Working capital 2022 $ $3,180 3,600 2,738 1,932 $11,450 $4,830 2021 $1,836 3,180 3,019 1,590 Suppose that at the end of 2022, 3M management used $183 million cash to pay off $183 million of accounts payable. How would its current ratio and working capital have changed? (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital answer to million.) $9,625 $5,887 :1 million Done

The following data are provided for Cet Company: December 31 2021 2020 Cash $ 1,500,000 $ 1,000,000 Accounts receivable (net) 1,600,000 1,200,000 Inventories 2,600,000 2,200,000 Plant assets (net) 7,000,000 6,500,000 Accounts payable Income taxes payable 1,100,000 800,000 200,000 100,000 Bonds payable 10% Preferred stock, $50 par 1,400,000 1,400,000 2,000,000 2,000,000 Common stock, $10 par Paid-in capital in excess of par Retained earnings 2,400,000 1,800,000 1,600,000 1,300,000 4,000,000 3,500,000 What is Cet's current ratio for 2021?

Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown.   Laiho Industries: Balance Sheets as of December 31 (thousands of dollars)   2021   2020   Cash $ 104,140   $ 88,830   Accounts receivable   104,298     84,488   Inventories   36,610     33,119      Total current assets $ 245,048   $ 206,437   Net fixed assets   69,336     43,335   Total assets $ 314,384   $ 249,772                 Accounts payable $ 30,991   $ 23,310   Accruals   31,054     22,280   Notes payable   14,963     12,603      Total current liabilities $ 77,008   $ 58,193   Long-term debt   77,100     63,050      Total liabilities $ 154,108   $ 121,243   Common stock   100,500     88,000   Retained earnings   59,776     40,529      Total common equity $ 160,276   $ 128,529   Total liabilities and equity $ 314,384   $ 249,772     The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis…

Font The 2021 balance sheet for Hallbrook Industries, Inc., is shown below. HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2021 ($ in thousands) Assets 280 230 Cash Short-term investmentS Accounts receivable Inventory Property, plant, and equipment (net) 280 310 1,800 $ 2,900 Total assets Liabilities and Shareholders' Equity $4 480 Current liabilities Long-term liabilities Paid-in capital Retained earnings 430 1,150 840 Total liabilities and shareholders' equity $ 2,900 The company's 2021 income statement reported the following amounts ($ in thousands): $5,400 70 Net sales Interest expense Income tax expense Net income 180 240 Required: 1. Calculate the current ratio. (Round your answer to 2 decimal places.) 2. Calculate the acid-test ratio. (Round your answer to 3 decimal places.) 3. Calculate the debt to equity ratio. (Round your answer to 2 decimal places.) 4. Calculate the times interest earned ratio. (Round your answer to 1 decimal place.) 1. Current ratio 2. Acid-test…

Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan CorporationBalance SheetsDecember 31     2020   2019   2018 Cash   $ 30,800     $ 17,600     $ 18,700   Accounts receivable (net)   50,500     44,200     47,100   Other current assets   89,600     94,900     63,900   Investments   55,300     71,000     45,100   Plant and equipment (net)   500,500     370,000     358,500       $726,700     $597,700     $533,300   Current liabilities   $85,500     $79,800     $69,400   Long-term debt   144,300     84,100     50,300   Common stock, $10 par   348,000     316,000     304,000   Retained earnings   148,900     117,800     109,600       $726,700     $597,700     $533,300     Jergan CorporationIncome StatementFor the Years Ended December 31     2020   2019 Sales revenue   $738,000     $605,500   Less: Sales returns and allowances   39,100     29,900   Net sales…

Marina Company                                       Statement of Financial Position                                                     June 30, 2020   AssetsCurrent Assets              Cash                                                        P 21,000.00              Accounts Receivables                               160,000.00              Merchandise Inventory                             300,000.00              Prepaid Expenses                                          9,000.00Total Current Assets                                             P 490,000.00Property, Plant and Equipment                               810,000.00Total Assets                                                        P 1,300,000.00 Liabilities and EquityLiabilities:                Current Liabilities                                  P 200,000.00                Bonds Payable, 10%                                 300,000.00Total Liabilities                                                       P 500,000.00Equity:…

Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan CorporationBalance SheetsDecember 31     2020   2019   2018 Cash   $ 29,600     $ 17,000     $ 17,600   Accounts receivable (net)   50,600     44,300     48,300   Other current assets   90,300     94,500     64,500   Investments   55,000     70,000     44,700   Plant and equipment (net)   500,400     370,600     357,400       $725,900     $596,400     $532,500   Current liabilities   $85,400     $79,800     $69,900   Long-term debt   144,900     84,300     50,900   Common stock, $10 par   351,000     310,000     300,000   Retained earnings   144,600     122,300     111,700       $725,900     $596,400     $532,500     Jergan CorporationIncome StatementFor the Years Ended December 31     2020   2019 Sales revenue   $737,000     $605,800   Less: Sales returns and allowances   39,700     30,300   Net sales   697,300     575,500…

Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan CorporationBalance SheetsDecember 31     2020   2019   2018 Cash   $  29,600     $  17,000     $  17,600   Accounts receivable (net)   50,600     44,300     48,300   Other current assets   90,300     94,500     64,500   Investments   55,000     70,000     44,700   Plant and equipment (net)   500,400     370,600     357,400       $ 725,900     $ 596,400     $ 532,500   Current liabilities   $ 85,400     $ 79,800     $ 69,900   Long-term debt   144,900     84,300     50,900   Common stock, $10 par   351,000     310,000     300,000   Retained earnings   144,600     122,300     111,700       $ 725,900     $ 596,400     $ 532,500     Jergan CorporationIncome StatementFor the Years Ended December 31     2020   2019 Sales revenue   $ 737,000     $ 605,800   Less: Sales returns and allowances   39,700     30,300…

Oriole Company Balance Sheets December 31 Assets Cash Receivables (net) Other current assets 2022 2021 $28,400 $20,800 77,000 61,500 67,100 53,700 Long-term investments 62,200 61,000 Property, plant, and equipment (net) 610,000 488,000 Total assets $844,700 685,000 Liabilities and Stockholders' Equity. Current liabilities $75,000 $68,000 Long-term liabilities 84,500 96,000 Common stock 333,000 298,500 Retained earnings 352,200 222,500 Total liabilities and stockholders' equity $844,700 $685,000 Oriole Company Income Statements For the Years Ended December 31 2022 2021 Sales revenue $775,940 $674,200 Cost of goods sold 448,000 401,000 Operating expenses (including income taxes) 256,000 218,000 Net income $71,940 $55,200 Additional information: Net cash provided by operating activities $88,400 $60,000 Cash used for capital expenditures $39,500 $41,000 Dividends paid $30,000 $13,000 Weighted-average common shares outstanding 33,000 30,000 Compute these values and ratios for 2021 and 2022…

Carla Vista Co. has these comparative balance sheet data: CARLA VISTA CO.Balance SheetsDecember 31     2020   2019 Cash   $ 16,140   $ 32,280 Accounts receivable (net)   75,320   64,560 Inventory   64,560   53,800 Plant assets (net)   215,200   193,680     $371,220   $344,320 Accounts payable   $ 53,800   $ 64,560 Mortgage payable (15%)   107,600   107,600 Common stock, $10 par   150,640   129,120 Retained earnings   59,180   43,040     $371,220   $344,320 Additional information for 2020: 1.   Net income was $32,500. 2.   Sales on account were $392,900. Sales returns and allowances amounted to $27,300. 3.   Cost of goods sold was $217,300. 4.   Net cash provided by operating activities was $57,200. 5.   Capital expenditures were $30,000, and cash dividends were $19,000. Compute the following ratios at December 31, 2020. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83…

Use the balance sheet and income statement below:   CLANCY’S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) Assets 2021   2020   Liabilities and Equity 2021   2020 Current assets:                 Current liabilities:               Cash and marketable securities $ 10     $ 10     Accrued wages and taxes $ 18     $ 12   Accounts receivable   27       23     Accounts payable   22       20   Inventory   33       28     Notes payable   22       18   Total $ 70     $ 61     Total $ 62     $ 50   Fixed assets:                 Long-term debt $ 27     $ 29   Gross plant and equipment $ 97     $ 76     Stockholders’ equity:               Less: Accumulated depreciation   24       18     Preferred stock (2 million shares) $ 2     $ 2   Net plant and equipment $ 73     $ 58     Common stock and paid-in-surplus (5 million shares)   11       11   Other long-term assets   21       21     Retained earnings   62       48…

Sandhill Co. has these comparative balance sheet data: SANDHILL CO.Balance SheetsDecember 31     2020   2019 Cash   $ 29,205   $ 58,410 Accounts receivable (net)   136,290   116,820 Inventory   116,820   97,350 Plant assets (net)   389,400   350,460     $671,715   $623,040 Accounts payable   $ 97,350   $ 116,820 Mortgage payable (15%)   194,700   194,700 Common stock, $10 par   272,580   233,640 Retained earnings   107,085   77,880     $671,715   $623,040 Additional information for 2020: 1.   Net income was $34,900. 2.   Sales on account were $378,200. Sales returns and allowances amounted to $29,600. 3.   Cost of goods sold was $204,700. 4.   Net cash provided by operating activities was $57,300. 5.   Capital expenditures were $28,200, and cash dividends were $13,800. Compute the following ratios at December 31, 2020. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83…

Sandhill Co. has these comparative balance sheet data: SANDHILL CO.Balance SheetsDecember 31     2020   2019 Cash   $ 29,205   $ 58,410 Accounts receivable (net)   136,290   116,820 Inventory   116,820   97,350 Plant assets (net)   389,400   350,460     $671,715   $623,040 Accounts payable   $ 97,350   $ 116,820 Mortgage payable (15%)   194,700   194,700 Common stock, $10 par   272,580   233,640 Retained earnings   107,085   77,880     $671,715   $623,040 Additional information for 2020: 1.   Net income was $34,900. 2.   Sales on account were $378,200. Sales returns and allowances amounted to $29,600. 3.   Cost of goods sold was $204,700. 4.   Net cash provided by operating activities was $57,300. 5.   Capital expenditures were $28,200, and cash dividends were $13,800. Only the first 3 were answered the last time, I need all of these answered now.  Compute the following ratios at December 31,…

Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M CompanyBalance Sheets (partial)     2020   2019 Current assets             Cash and cash equivalents   $3,200   $1,881     Accounts receivable, net   3,500   3,175     Inventories   2,702   3,044     Other current assets   1,896   1,582 Total current assets   $11,298   $9,682 Current liabilities   $4,791   $5,869   1.Calculate the current ratio and working capital for 3M for 2019 and 2020.   2.Suppose that at the end of 2020, 3M management used $198 million cash to pay off $198 million of accounts payable. How would its current ratio and working capital have changed?

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Assets Current assets Cash Accounts receivable Inventory Total Total assets Sales Cost of goods sold Depreciation Taxable income Taxes (23%) Earnings before interest and taxes Interest paid Net income SMOLIRA GOLF CORPORATION 2021 Income Statement Dividends Retained earnings Fixed assets Net plant and equipment $465,700 $ 521,583 Total Cash, beginning of the year Operating activities 2020 $35,685 $39,032 28.936 43,152 $58,136 $111,120 Net cash from operating activities Investment activities SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 18,451 4,000 Cash, end of year Net cash from investment activities Financing activities Net cash from financing activities SMOLIRA GOLF CORPORATION Statement of Cash Flows For 2021 $ 523,836 $ 632,703 Total liabilities and owners' equity Liabilities and Owners' Equity Current liabilities $ 24,000 39,144 Accounts payable Notes payable Other Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Prepare…

Just Dew It Corporation 2018 and 2019 Balance Sheets Assets Liabilities and Owner’s Equity   2018 2019   2018 2019 Current Assets     Current Liabilities     Cash $11,135 $13,407 Accounts payable $45,166 $48,185 Accounts Receivable  28,419  30,915 Notes payable  17,773  18,257 Inventory  51,163  56,295 Total $62,939 $66,442 Total $90,717 $100,617             Long term debt $44,000 $39,000                   Owners’ equity     Net plant and equipment $326,456 $357,560 Common stock and paid-in surplus $50,000 $50,000       Retained earnings  260,234  302,735       Total $310,234 $352,735             Total assets $417,173 $458,177 Total liabilities and owners’ equity $417,173 $458,177 Prepare the 2019 common-base year balance sheet for Just Dew It.

Just Dew It Corporation 2018 and 2019 Balance Sheets Assets Liabilities and Owner’s Equity   2018 2019   2018 2019 Current Assets     Current Liabilities     Cash $11,135 $13,407 Accounts payable $45,166 $48,185 Accounts Receivable  28,419  30,915 Notes payable  17,773  18,257 Inventory  51,163  56,295 Total $62,939 $66,442 Total $90,717 $100,617             Long term debt $44,000 $39,000                   Owners’ equity     Net plant and equipment $326,456 $357,560 Common stock and paid-in surplus $50,000 $50,000       Retained earnings  260,234  302,735       Total $310,234 $352,735             Total assets $417,173 $458,177 Total liabilities and owners’ equity $417,173 $458,177 For each account on this company’s balance sheet, show the change in the account during 2019 and note…

Just Dew It Corporation 2018 and 2019 Balance Sheets Assets Liabilities and Owner’s Equity   2018 2019   2018 2019 Current Assets     Current Liabilities     Cash $11,135 $13,407 Accounts payable $45,166 $48,185 Accounts Receivable  28,419  30,915 Notes payable  17,773  18,257 Inventory  51,163  56,295 Total $62,939 $66,442 Total $90,717 $100,617             Long term debt $44,000 $39,000                   Owners’ equity     Net plant and equipment $326,456 $357,560 Common stock and paid-in surplus $50,000 $50,000       Retained earnings  260,234  302,735       Total $310,234 $352,735             Total assets $417,173 $458,177 Total liabilities and owners’ equity $417,173 $458,177 Debt–equity ratio and equity multiplier.  Total debt ratio and long-term debt ratio.

Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown.   Laiho Industries: Balance Sheets as of December 31 (thousands of dollars)   2021   2020   Cash $ 102,785   $ 89,530   Accounts receivable   103,454     85,552   Inventories   39,771     36,287      Total current assets $ 246,010   $ 211,369   Net fixed assets   63,528     40,673   Total assets $ 309,538   $ 252,042                 Accounts payable $ 32,604   $ 24,450   Accruals   29,905     21,470   Notes payable   16,454     13,454      Total current liabilities $ 78,963   $ 59,374   Long-term debt   76,373     65,273      Total liabilities $ 155,336   $ 124,647   Common stock   105,000     95,000   Retained earnings   49,202     32,395      Total common equity $ 154,202   $ 127,395   Total liabilities and equity $ 309,538   $ 252,042     The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis…

Avery Corporation Balance Sheet For year ending December 31 2019 2020 2021 ssets Cash & securities 17,643.813 132,468.629 22,281.616 115,121.68 27,594.924 ccounts receivable 112,479.309 100,955.129 10,947.986 251,977.349 ventories 78,867.845 90,512.493 10,222.209 239,202.497 repaid expenses 10,426.653 otal current assets 238,342.442 Flant property and equipment Lcumulated depreciation let property plant and equipment 531,554.881 510,906.018 536,451.319 87,197.29 128,069.772 170,985.877 444,357.591 382,836.246 365,465.442 Other assets 10,222.209 15,639.98 16,421.979 otal Assets 693,782.297 636,818.669 633,864.769 iabilities & Shareholders'Equity ccounts payable ank Loan axes Payable ccrued expenses 54,080.808 31,297.644 27,599.965 45,191.687 112,482.797 26,066.634 15,639.98 37,773.252 150,798.301 27,369.965 26,577.744 139,556.161 32,843.958 248,785.476 otal current liabilities 199,381.098 ong term debt 95,000 55,000 30,000 Common stock 300,000 200,000 150,000 Eetained earnings Total…

You have compiled the following information on Winslow, Inc.: 2019 2020 Assets Cash $ 298 $ 306 Accounts receivable 3,006 3,422 Inventory 5,210 5,650 Net fixed assets 32,780 36,400 Total assets $ 41,294 $ 45,778 Liabilities and Equity Accounts payable $ 6,219 $ 6,184 Other current liabilities 1,880 1,625 Long-term debt 17,951 21,991 Stockholders’ equity 15,244 15,978 Total liabilities and equity $ 41,294 $ 45,778 Sales $ 11,418 Cost of goods sold 6,320 General and administrative 2,419 Depreciation 967 EBIT $ 1,712 Interest 230 EBT $ 1,482 Taxes 519 Net income $ 963 What is the cash flow to creditors for 2020?

Bethesda Mining Company reports the following balance sheet information for 2021 and 2022: Assets Current assets BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 2022 Cash Accounts receivable Inventory $ 34,678 59,281 130,795 $ 224,754 $ 44,680 Total 79,639 197,317 $ 321,636 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 2021 $ 192,922 88,020 $ 280,942 $243,000 Fixed assets $ 212,000 146,359 Net plant and equipment Total assets $ 657,547 $882,301 $589,378 $ 911,014 Total liabilities and owners' equity $ 358,359 $882,301 2022 $ 200,611 139,588 $ 340,199 $ 179,750 $ 212,000 179,065 $ 391,065 $ 911,014 Based on the balance sheets given, calculate the following financial ratios for each year: Calculate the following financial ratios for each year. a. Current ratio. Note: Do not round intermediate calculations and round your…