SNIDER CORPORATIONBalance SheetDecember 31, 20X1 Assets       Current assets:       Cash   $ 52,200 Marketable securities     24,400 Accounts receivable (net)     222,000 Inventory     238,000 Total current assets   $ 536,600 Investments     65,900 Plant and equipment. $615,000     Less: Accumulated depreciation 271,000     Net plant and equipment     344,000 Total assets   $ 946,500 Liabilities and Stockholders' Equity       Current liabilities:       Accounts payable   $ 93,400 Notes payable     70,600 Accrued taxes     17,000 Total current liabilities   $ 181,000 Long-term liabilities:       Bonds payable     153,200 Total liabilities   $ 334,200 Stockholders' equity       Preferred stock, $50 par value   $ 100,000 Common stock, $1 par value     80,000 Capital paid in excess of par     190,000 Retained earnings     242,300 Total stockholders' equity   $ 612,300 Total liabilities and stockholders' equity   $ 946,500…

This Year Last Year Assets     Current assets:     Cash $360,000  $310,000  Marketable securities 220,000  80,000  Accounts receivable, net 775,000  700,000  Inventory 925,000  750,000  Other current assets 355,000  195,000  Total current assets 2,635,000  2,035,000  Plant and eqipment, net 1,975,000  1,800,000  Other assets 75,000  100,000  Total assets $4,685,000  $3,935,000  Liabilities and Stockholders' Equity     Current Liabilities:     Accounts payable $250,000  $225,000  Short-term bank loans 750,000  600,000  Accrued payables 550,000  395,000  Other current liabilities 275,000  223,400  Total current liabilities 1,825,000  1,443,400  Bonds payable, 10% 575,000  400,000  Total liabilities 2,400,000  1,843,400  Stockholders' equity:     Common stock 1,150,000  1,150,000  Retained earnings 1,135,000  941,600  Total stockholders' equity 2,285,000  2,091,600  Total liabilities and stockholders' equity $4,685,000  $3,935,000…

ASSETS 2007 Current Assets Cash 150,000 Marketable Securities Accounts Receivable, net Inventories Total Current Assets 850,000 500,000 750,000 2,250,000 Non-current Assets Land Building, net Machinery and equipment (net) Goodwill 500,000 550,000 1,700,000 400,000 Deferred Charges Total Non-current Assets 100,000 3,250,000 5,500,000 Total Assets LIABILITIES AND SHAREHOLDER'S EQUITY Current Liabilities Notes, Payable, Trade Accounts Payable, Trade Expenses Payable Total Current Liabilities Non-Current Liabilities Long-term Notes- Due 2018 Stockholders' Equity 15% Preferred Stock, P100 par Common Stock, P10 par Retain Earnings Total Stockholders' Equity 100,000 610,000 40,000 750,000 2,500,000 500,000 1,500,000 250,000 2,250,000 TOTAL LIAB. & SHAREHOLDERS' EQUITY 5,500,000 3. Compute for: , i. Net Workıng Capital j. Gross Working Capital

Assets Line Item Description Amount Cash and short-term investments $39,965 Accounts receivable (net) 29,855 Inventory 25,669 Property, plant, and equipment 257,215 Total assets $352,704   Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $68,970 Long-term liabilities 99,521 Common stock, $20 par 120,220 Retained earnings 63,993 Total liabilities and stockholders' equity $352,704   Income Statement Line Item Description Amount Sales $80,599  Cost of goods sold (36,270) Gross profit $44,329  Operating expenses (28,493) Net income $15,836    Line Item Description Amount Shares of common stock 6,011 Market price per share of common stock $20 Dividends per share $1.00 Cash provided by operations $40,000 What is the return on stockholders' equity?

Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,571.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,035.00 Interest expense 40,500 42,155.00 Inventories 279,000 288,000 Long-term debt 339,577.00 401,377.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,171.00 Retained earnings 306,000 342,000 Sales 639,000 849,094.00 Taxes 24,750 47,192.00 What is the current year's entry for long-term debt on a common-sized balance sheet? (ROUND TO 4 DECIMAL PLACES.)

Total assets $1,600,000 Average assets 2,000,000 Net income 380,000 Net sales 1,500,000 Average common stockholders' equity 1,000,000 Determine Return on Assets

Assets Line Item Description Amount Cash and short-term investments $42,572  Accounts receivable (net) 33,774  Inventory 37,691  Property, plant, and equipment 215,705  Total assets $329,742  Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $68,960  Long-term liabilities 98,919  Common stock, $10 par 64,740  Retained earnings 97,123  Total liabilities and stockholders’ equity $329,742  Income Statement Line Item Description Amount Sales $91,805  Cost of goods sold (41,312) Gross profit $50,493  Operating expenses (28,002) Net income $22,491  Number of shares of common stock 6,474  Market price of common stock $28  What is the current ratio?

PNG Company Comparative Balance Sheets For the year ended December 31   20X1 20X0 Current assets     Cash $157,000 $105,000 Accounts receivable 49,000 62,000 Inventory 53,700 36,100 Prepaid rent 11,400 8,300 Total current assets $271,100 $211,400 Long-term assets     Investment in bonds $30,000 $14,800 Land 216,300 184,200 Equipment (net) 114,500 137,900 Total long-term assets $360,800 $336,900 Total assets $631,900 $548,300       Current liabilities     Accounts payable $61,300 $52,700 Interest payable 4,900 8,500 Income tax payable 15,400 12,600 Total current liabilities $81,600 $73,800 Long-term liabilities     Bonds payable $173,800 $205,400 Stockholders' equity     Common stock…

PNG Company Comparative Balance Sheets For the year ended December 31   20X1 20X0 Current assets     Cash $157,000 $105,000 Accounts receivable 49,000 62,000 Inventory 53,700 36,100 Prepaid rent 11,400 8,300 Total current assets $271,100 $211,400 Long-term assets     Investment in bonds $30,000 $14,800 Land 216,300 184,200 Equipment (net) 114,500 137,900 Total long-term assets $360,800 $336,900 Total assets $631,900 $548,300       Current liabilities     Accounts payable $61,300 $52,700 Interest payable 4,900 8,500 Income tax payable 15,400 12,600 Total current liabilities $81,600 $73,800 Long-term liabilities     Bonds payable $173,800 $205,400 Stockholders' equity     Common stock…

Breanna Inc. Accounts receivable$10,700Accumulated depreciation 50,800Cost of goods sold 123,000Income tax expense 8,000Cash 62,000Net sales 201,000Equipment 128,000Selling, general, and administrative expenses 32,000Common stock (8,700 shares) 90,000Accounts payable 14,300Retained earnings, 1/1/19 30,000Interest expense 5,600Merchandise inventory 38,600Long-term debt 38,000Dividends declared and paid during 2019 16,200  Item1     Time Remaining 2 hours 32 minutes 36 seconds 02:32:36     Item 1   Time Remaining 2 hours 32 minutes 36 seconds 02:32:36 The information on the following page was obtained from the records of Breanna Inc.:        Accounts receivable $ 10,700 Accumulated depreciation   50,800 Cost of goods sold   123,000 Income tax expense   8,000 Cash   62,000 Net sales   201,000 Equipment   128,000 Selling, general, and administrative expenses   32,000 Common stock (8,700 shares)   90,000 Accounts payable   14,300 Retained earnings, 1/1/19…

Balance sheet Cash                                                                              Current liability Accounts receivable                                                  Long-term debt                     120,000 Inventories                                                                  Common stock Fixed assets                                                                 Retained earnings                  195,000 Total assets           $ 600,000                                     Total liabilities and equity Sales                                                                             Cost of good sold   Current ratio:2.00  X Fixed assets turnover 3.00 X Inventory turnover 5.00 X Days sales outstanding 36.5 days Total assets turnover 1.5 X Gross profit margin on sales: = 30%

Blue Water Prime Fish Balance sheet: $ 41,200 $ 20,800 Cash Accounts receivable (net) Inventory Property & equipment (net) 39,000 31,600 98,eee 143,000 41,200 403,400 84, 200 $ 405,400 $ 98,eee 66,400 Other assets 307,000 $ 804,000 $ 52,000 60,400 Total assets Current liabilities Long-term debt (interest rate: 10%) Capital stock ($10 par value) Additional paid-in capital Retained carnings 149,400 29, 200 62,400 $ 405,400 514,000 106, 200 71,400 $ 804,000 Total liabilities and stockholders' equity Income statement: Sales revenue (1/3 on credit) Cost of goods sold Оperating exхрenses Net income $ 444,eee (240,000) (161,400) $ 42,600 $ B00, 000 (400, 200) (311,200) $ 88,600 Other data: Per share stock price at end of current year Average income tax rate Dividends declered and paid in current year 22.2 17 30% $ 33,200 $ 149,000 Both companies are in the fish catching and manufacturing business. Both have been in business approximately 10 years, and each has had steady growth. The…

Balance Sheet Current assets Cash 1,010,000 Acc receivable not given Inventories 1,150,000 Fixed assets 4,100,000 TOTAL ASSETS 7,200,000 Current liabilities Acc payable not given Long-term 2,900,000 Common stock 1,010,000 Retained earnings 2,830,000 TOTAL LIAB and EQUITY 7,200,000 Income Statement Sales 21,600,000 Operating expense 18,140,000 EBIT 3,460,000 Interest expense 348,000 ЕBТ 3, 112, 000 Taxes 1,245, 000 Net income 1,867,000 What is the firm's debt ratio? O 93.61% 40.28% 53.33% O 46.67% O 85.97%

The following book and fair values were available for Westmont Company as of March 1.     Book Value Fair Value Inventory $ 644,750   $ 609,000   Land   779,250     1,086,750   Buildings   1,770,000     2,138,250   Customer relationships   0     842,250   Accounts payable   (102,000 )   (102,000 ) Common stock   (2,000,000 )       Additional paid-in capital   (500,000 )       Retained earnings, 1/1   (424,500 )       Revenues   (457,000 )       Expenses   289,500             Arturo Company pays $4,130,000 cash and issues 28,200 shares of its $2 par value common stock (fair value of $50 per share) for all of Westmont’s common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to $32,400 and Arturo pays $49,800 for legal fees to complete the transaction.   Prepare Arturo’s journal entries to record its acquisition of Westmont. (If no entry is required for a transaction/event, select "No journal entry…

The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2022 are projected to grow by 20 percent. Interest expense will remain constant, the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Sales Costs Other expenses Earnings before interest and taxes Interest expense Taxable income Taxes (24%) CROSBY, INCORPORATED 2021 Income Statement Net income Dividends Addition to retained earnings Current assets Cash Accounts receivable Inventory $31,335 69,745 $ 20,640 43,580 91,960 $747,000 582,000 18,000 FA $147,000 14,000 $ 133,000 31,920 $ 101,080 CROSBY, INCORPORATED Balance Sheet as of December 31, 2021 Assets Seved Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total $ 54,800 14,000 $ 68,800 MA000

Assets ($) Liabilities and Equity ($) Cash 2,007,000 Accounts payable 1,260,000 Accounts receivable 4,317,000 Notes payable 1,000,000 Inventory 1,144,000 Accruals 1,220,000 Total current assets 7,468,000 Total current liabilities 3,480,000 Net plant, property, and equipment 8,500,000 Long-term debt 3,000,000 Total assets 15,968,000 Total liabilities 6,480,000     Common equity 9,488,000     Total liabilities and equity 15,968,000           Matt Motor Corporation had sales of $ 32.4 million and a cost of goods sold of $ 13.0 million in 2022. A simplified balance sheet for the firm appears​ here. a. Calculate Matt Motor Corporation​'s net working capital in 2022. answer is 3988,000 b. Calculate the cash conversion cycle of Matt Motor Corporation in 2022.

Calculate: Net profit margin Asset utilization Equity multiplier

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Sun City Corporation's end-of-year balance sheet consisted of the following amounts: Cash Property, plant, and equipment Capital stock Retained earnings $ 25,000 70,000 100,000 Ob. $200,000 Oc. $165,000 Od. $100,000 7 Accounts receivable Long-term debt Accounts payable Inventory What amount should Sun City report on its balance sheet for total assets? Oa. $95,000 $70,000 40,000 20,000 35,000

Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,139.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,349.00 Interest expense 40,500 41,741.00 Inventories 279,000 288,000 Long-term debt 337,728.00 398,725.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,280.00 Retained earnings 306,000 342,000 Sales 639,000 847,106.00 Taxes 24,750 48,618.00 What is the current year's return on assets (ROA)? (Round to 4 decimal places.)

The following book and fair values were available for Westmont Company as of March 1                                                                  Book Value         Fair Value Inventory                                                $ 350,000          $ 298,250 Land                                                         820,500            1,085,250 Buildings                                                 2,040,000           2,361,000 Customer relationships                                  0                      871,500 Accounts payable                                  (105,000)              (105,000) Commom stock                                   (2,000,000) Additional paid-in capital                      (500,000) Retained earnings    1/1                        (425,500) Revenues                                               (496,000) Expenses                                                 316,000       Aturo pays cash of $4,380,000 to acquire Westmont. No stock is issued and…

The following book and fair values were available for Westmont Company as of March 1.     Book Value Fair Value Inventory $ 200,500   $ 167,000   Land   817,500     1,097,250   Buildings   2,175,000     2,506,500   Customer relationships   0     860,250   Accounts payable   (87,000 )   (87,000 ) Common stock   (2,000,000 )       Additional paid-in capital   (500,000 )       Retained earnings, 1/1   (431,500 )       Revenues   (478,500 )       Expenses   304,000             Arturo Company pays $3,650,000 cash and issues 22,500 shares of its $2 par value common stock (fair value of $50 per share) for all of Westmont’s common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to $33,600 and Arturo pays $49,300 for legal fees to complete the transaction.   Prepare Arturo’s journal entries to record its acquisition of Westmont. (If no entry is required for a transaction/event, select "No journal entry…

The following book and fair values were available for Westmont Company as of March 1.     Book Value Fair Value Inventory $ 296,000   $ 242,750   Land   766,500     1,034,250   Buildings   2,150,000     2,453,000   Customer relationships   0     846,750   Accounts payable   (106,500 )   (106,500 ) Common stock   (2,000,000 )       Additional paid-in capital   (500,000 )       Retained earnings 1/1   (428,000 )       Revenues   (467,000 )       Expenses   289,000             Arturo Company pays $3,400,000 cash and issues 25,400 shares of its $2 par value common stock (fair value of $50 per share) for all of Westmont’s common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to $25,300 and Arturo pays $51,100 for legal fees to complete the transaction.   Prepare Arturo’s journal entry to record its acquisition of Westmont. (If no entry is required for a transaction/event, select "No journal entry…

The following book and fair values were available for Westmont Company as of March 1.     Book Value Fair Value Inventory $ 245,500   $ 203,750   Land   820,500     1,072,500   Buildings   2,115,000     2,457,750   Customer relationships   0     833,250   Accounts payable   (96,000 )   (96,000 ) Common stock   (2,000,000 )       Additional paid-in capital   (500,000 )       Retained earnings, 1/1   (413,000 )       Revenues   (494,000 )       Expenses   322,000             Arturo Company pays $4,160,000 cash and issues 22,200 shares of its $2 par value common stock (fair value of $50 per share) for all of Westmont’s common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to $31,900 and Arturo pays $51,200 for legal fees to complete the transaction.   Prepare Arturo’s journal entries to record its acquisition of Westmont.

The following book and fair values were available for NorthStar Company as of March 1.     Book value Fair value Inventory $ 630,000 $   600,000 Land 750,000 990,000 Buildings 1,700,000 2,000,000 Customer relationships –0– 800,000 Accounts payable (80,000) (80,000) Common stock (2,000,000)   Additional paid-in capital (500,000)   Retained earnings, 1/1 (360,000)   Revenues (420,000)   Expenses 280,000     BluePrint Company pays $4,200,000 cash for all of NorthStar’s common stock in a merger, after which NorthStar will cease to exist as a separate entity. BluePrint pays $70,000 for legal fees to complete the transaction.   Required: Pass the necessary journal entries in the books of BluePrint for its acquisition of NorthStar’s common stocks. please attempt if 100% sure need correct and complete answer with everything thanks

Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $355,300 $211,680 Property, plant, and equipment 543,400 509,600 Intangible assets 146,300 62,720 Current liabilities 188,100 94,080 Long-term liabilities 428,450 321,440 Common stock 104,500 109,760 Retained earnings 323,950 258,720 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current year year Amount Percent Previous Previous year year Amount Percent Current assets $355,300 $211,680 % Property, plant, and equipment 543,400 509,600 % Intangible assets % 146,300 62,720 % % %

The following book and fair values were available for Westmont Company as of March 1.     Book value Fair value Inventory $ 630,000 $   600,000 Land 750,000 990,000 Buildings 1,700,000 2,000,000 Customer relationships –0– 800,000 Accounts payable (80,000) (80,000) Common stock (2,000,000)   Additional paid-in capital (500,000)   Retained earnings, 1/1 (360,000)   Revenues (420,000)   Expenses 280,000     Arturo Company pays $4,000,000 cash and issues 20,000 shares of its $2 par value common stock (fair value of $50 per share) for all of Westmont’s common stock in a merger, after which Westmont will cease to exist as a separate entity. Stock issue costs amount to $25,000 and Arturo pays $42,000 for legal fees to complete the transaction.   Required Prepare Arturo’s journal entries to record its acquisition of Westmont.