Ch07 P15 Build a Model-913649

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'…

-Equity Ratio-Debt to equity ratio-Times interest earned-Return on common stockholders equity Figure each ratio out

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

Liquidity Ratios: 2022 2021 Current ratio     Working capital   I need help finding liquidity ratios. Could you explain why you got that? Thanks.

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

Calculate the leverage ratio which includes total debt to total assets ratio, equity multiplier, debt to equity ratio, current liabilities to total debt ratio, interest coverage, and fixed charges coverage.

Solar Electric Inc. Balance Sheet 32 Marks ACB As at December 31, 2023 Account Title Debit Credit Assets Current Assets Cash 100,649 Accounts Receivable 35,860 Interest Rceivable 9,113 Prepaid Insurance 7,370 Short-Term Investment- Citi Inc 237,000 Short-Term Investment- Bonds 135,000 Inventory 90,640 Valuation Allowance for Fair Value Adjustment 50,700 Total Current Assets 666,332 Non-current Assets Investment in HSBC Inc. Common Shares 503,840 Long-Term Investment- Bond 145,000 Property, Plant & Equipment 280,000 Accumulated Depreciation 86,000 Total Non-Current Assets 842,840 Total Assets 1,509,172 Liabilities Current Liabilities Accounts Payable 212,400 Interest Payable 31,167 Unearned Revenue 21,000 Total Current Liabilities 264,567 Long-Term Liabilities Bonds Payable 340,000 Discount on Bonds Payable 15,741 Bank Loan 225,000 Total-Long Term Liabilities 549,259 Total Liabilities 813,826 Shareholders Equity Common Shares 362,000 Preferred Shares 80,000 Retained Earnings 348,385…

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…

Please input numbers in boxes below based on data provided for year 2018. Current assets - current liabilities = net working capital

Cullumber Company has these comparative balance sheet data: CULLUMBER COMPANYBalance SheetsDecember 31     2020   2019 Cash   $ 16,350   $ 32,700 Accounts receivable (net)   76,300   65,400 Inventory   65,400   54,500 Plant assets (net)   218,000   196,200     $376,050   $348,800 Accounts payable   $ 54,500   $ 65,400 Mortgage payable (15%)   109,000   109,000 Common stock, $10 par   152,600   130,800 Retained earnings   59,950   43,600     $376,050   $348,800 Additional information for 2020: 1.   Net income was $34,000. 2.   Sales on account were $383,300. Sales returns and allowances amounted to $26,600. 3.   Cost of goods sold was $200,600. 4.   Net cash provided by operating activities was $59,000. 5.   Capital expenditures were $26,400, and cash dividends were $16,500. Compute the following ratios at December 31, 2020. (Round current ratio and inventory turnover to 2 decimal places, e.g.…

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…

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:…

Calculate Debt-to-equity Times interest earned Return on Financial leverage

The comparative balance sheets for Metlock Corporation show the following information. December 312020  2019Cash  $33,500  $12,900Accounts receivable  12,400  10,000Inventory  12,100  9,000Available-for-sale debt investments  –0–  3,000Buildings  –0–  29,800Equipment  44,800  19,900Patents  5,000  6,300              $107,800  $90,900Allowance for doubtful accounts  $3,100  $4,500Accumulated depreciation—equipment  2,000  4,500Accumulated depreciation—building  –0–  6,000Accounts payable  5,000  3,000Dividends payable  –0–  4,900Notes payable, short-term (nontrade)  3,000  4,100Long-term notes payable  31,000  25,000Common stock  43,000  33,000Retained earnings  20,700  5,900                             $107,800  $90,900 Additional data related to 2020 are as follows. 1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500.2. $10,000 of the long-term note payable was paid by issuing common stock.3. Cash dividends paid were $4,900.4. On January…

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…

Calculate total debt ratio and long term debt ratio for each year.

The comparative Statements of Financial Position for Mason Company are presented below. MASON COMPANY Comparative Balance Sheet December 31, 2020 Assets Cash. RM 30,000 10,000 60,000 2019 RM 45,000 25,000 Short-term investments. Accounts receivable (net) Inventory.... Property, plant, and equipment (net). Total assets... 50,000 200,000 RM350,000 40,000 50,000 160,000 RM320,000 Liabilities and stockholders' equity Accounts payable Short-term notes payable Bonds payable RM 10,000 40,000 RM 30,000 35,000 20,000 20,000 220,000 60,000 RM350,000 Common stock Retained earnings Total liabilities and stockholders' equity 200,000 35,000 RM320,000 Prepare a horizontal analysis of the Statements of Financial Position data for Manson Company using 2019 as a base. а. b. Prepare a vertical analysis of the Statements of Financial Position data for Manson Company for 2020. с. Explain whether the trends are favorable or unfavorable as computed in (a) & (b) above.

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,…

24. Condensed financial data of Sheffield Company for 2020 and 2019 are presented below. SHEFFIELD COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019     2020   2019 Cash   $1,800     $1,130   Receivables   1,770     1,320   Inventory   1,560     1,890   Plant assets   1,900     1,700   Accumulated depreciation   (1,220 )   (1,180 ) Long-term investments (held-to-maturity)   1,300     1,430       $7,110     $6,290                 Accounts payable   $1,220     $890   Accrued liabilities   190     250   Bonds payable   1,410     1,520   Common stock   1,870     1,730   Retained earnings   2,420     1,900       $7,110     $6,290     SHEFFIELD COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue   $6,860 Cost of goods sold   4,710 Gross margin   2,150 Selling and administrative expenses   920 Income…

Additional information: 2018 current ratio: 1.4:1  debt to total assets: 61.1% Question: find working capital for 2018 Additional information: 2017 current ratio 1.5:1 working capital: 214,500 Question find debt to total assets for 2017

nterpret the results of the debt to equity ratio and how the company has managed debt over the last two years.   Balance Sheet 2018 2019 Cash $63,000 $201,000 Accounts Receivable 199,000 305,000 Marketable Securities 81,000 42,000 Inventories 441,000 455,000 Prepaids 5,000 9,000        Total Current Assets 789,000 1,012,000 Property, Plant, and Equipment, net 858,000 858,000        Total Assets $1,647,000 $1,870,000       Account Payable $150,000 $100,000 Accruals               101,000          95,000         Total Current Liabilities $251,000 $195,000 Bonds Payable 405,000 575,000        Total Liabilities 656,000 770,000       Common Stocks 700,000 700,000 Retained Earnings 291,000 400,000        Total Stockholders’ Equity 991,000 1,100,000      Total Liabilities & Equity $1,647,000 $1,870,000   Income Statement…

Lendell Company has these comparative balance sheet data: Lendell CompanyBalance SheetsDecember 31     2020   2019 Cash   $ 16,000     $ 31,000   Accounts receivable (net)   69,000     60,000   Inventory   59,000     51,000   Plant assets (net)   198,000     179,000       $342,000     $321,000   Accounts payable   $50,000     $60,700   Mortgage payable (15%)   107,500     107,500   Common stock, $10 par   136,500     121,000   Retained earnings   48,000     31,800       $342,000     $321,000   Additional information for 2020: 1.   Net income was $24,700. 2.   Sales on account were $414,050. Sales returns and allowances amounted to $20,600. 3.   Cost of goods sold was $198,000. 4.   Net cash provided by operating activities was $44,300. 5.   Capital expenditures were $26,400, and cash dividends were $8,800. Compute the following ratios at December 31, 2020. (Round current ratio to 2 decimal places, e.g. 1.67. Round…

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets Current assets Cash Accounts receivable Inventory Total Total assets 2020 Net plant and equipment $240,750 $310,600 a. Current ratio b. Quick ratio c. Cash ratio d. NWC ratio e. Debt-equity ratio e. Equity multiplier f. Total debt ratio f. Long-term debt ratio $8,850 $14,200 15,750 23,000 34,650 52,200 $ 59,250 $89,400 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 300,000 400,000 2020 times times times % times times times times Liabilities and Owners' Equity Current liabilities 2021 Accounts payable Notes payable Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the quick ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate the cash ratio for…

Cullumber Company has these comparative balance sheet data: CULLUMBER COMPANYBalance SheetsDecember 31     2022   2021 Cash   $ 16,350   $ 32,700 Accounts receivable (net)   76,300   65,400 Inventory   65,400   54,500 Plant assets (net)   218,000   196,200     $376,050   $348,800 Accounts payable   $ 54,500   $ 65,400 Mortgage payable (15%)   109,000   109,000 Common stock, $10 par   152,600   130,800 Retained earnings   59,950   43,600     $376,050   $348,800 Additional information for 2022: 1.   Net income was $34,000. 2.   Sales on account were $383,300. Sales returns and allowances amounted to $26,600. 3.   Cost of goods sold was $200,600. 4.   Net cash provided by operating activities was $59,000. 5.   Capital expenditures were $26,400, and cash dividends were $16,500. (d)   Inventory turnover.   enter inventory turnover in times rounded to 2 decimal places  times (e)…

Cullumber Company has these comparative balance sheet data: CULLUMBER COMPANYBalance SheetsDecember 31     2022   2021 Cash   $ 16,350   $ 32,700 Accounts receivable (net)   76,300   65,400 Inventory   65,400   54,500 Plant assets (net)   218,000   196,200     $376,050   $348,800 Accounts payable   $ 54,500   $ 65,400 Mortgage payable (15%)   109,000   109,000 Common stock, $10 par   152,600   130,800 Retained earnings   59,950   43,600     $376,050   $348,800 Additional information for 2022: 1.   Net income was $34,000. 2.   Sales on account were $383,300. Sales returns and allowances amounted to $26,600. 3.   Cost of goods sold was $200,600. 4.   Net cash provided by operating activities was $59,000. 5.   Capital expenditures were $26,400, and cash dividends were $16,500. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal…

Total fixed assets 31420 OMR Total long term liabilities 9970 OMR Total current assets 18930 OMR Total current liabilities 4765 OMR Shareholders’ funds 35615 OMR Capital employed 45585 OMR Gross profit 175000 OMR Net profit 113950 OMR  Return on capital employed 25% Current ratio 3.97 Liquid ratio 3.34 Return on Equity 3.191 Gross Profit  Margin 53,03% Net Profit Margin 34.53%   Q/Give a brief report on the financial position of the company based on the above figures?

Comparative balance sheet accounts of Riverbed Company are presented below. RIVERBED COMPANYCOMPARATIVE BALANCE SHEET ACCOUNTSAS OF DECEMBER 31 Debit Balances   2020   2019 Cash   $69,300   $51,100 Accounts Receivable   154,900   130,000 Inventory   75,600   60,700 Debt investments (available-for-sale)   54,500   85,100 Equipment   70,600   48,100 Buildings   146,000   146,000 Land   40,200   24,700      Totals   $611,100   $545,700           Credit Balances         Allowance for Doubtful Accounts   $10,100   $7,900 Accumulated Depreciation—Equipment   20,900   13,900 Accumulated Depreciation—Buildings   37,300   28,200 Accounts Payable   66,100   60,600 Income Taxes Payable   12,100   10,000 Long-Term Notes Payable   62,000   70,000 Common Stock   310,000   260,000 Retained Earnings   92,600   95,100      Totals   $611,100   $545,700 Additional data: 1.…

Lendell Company has these comparative balance sheet data: Lendell CompanyBalance SheetsDecember 31     2020   2019 Cash   $ 16,000     $ 30,000   Accounts receivable (net)   70,000     59,000   Inventory   59,000     49,000   Plant assets (net)   200,000     179,000       $345,000     $317,000   Accounts payable   $50,000     $59,000   Mortgage payable (15%)   106,500     106,500   Common stock, $10 par   142,000     125,000   Retained earnings   46,500     26,500       $345,000     $317,000   Additional information for 2020: 1.   Net income was $25,600. 2.   Sales on account were $406,800. Sales returns and allowances amounted to $19,800. 3.   Cost of goods sold was $199,800. 4.   Net cash provided by operating activities was $45,700. 5.   Capital expenditures were $23,600, and cash dividends were $10,200. Compute the following ratios at December 31, 2020. (Round current ratio to 2 decimal places, e.g. 1.67. Round Accounts receivable…

View Policies Current Attempt in Progress The comparative statement of financial position for Sunland Corporation shows the following noncash current asset and liability accounts at March 31: 2021 2020 Accounts receivable $65,000 $42,000 Inventory 80,000 63,500 Accounts payable 35,000 44,000 Dividends payable 1,400 2,400 Sunland's statement of income reported the following selected information for the year ended March31, 2021: net income was $270,000, depreciation expense was $65,000, and a loss on the disposal of land was $15,000. Sunland uses a perpetual inventory system. Calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SUNLAND CORPORATION Statement of Cash Flows (Partial) Operating activities Adjustments to reconcile net income to

Daidnice oneels as of December 2021 2020 Assets Cash and equivalents $ 14,000 $ 12,000 Accounts receivable Inventories 35,000 30,000 34,845 29,000 Total current assets $ 83,845 $ 71,000 Net plant and equipment 49,000 46,000 Total assets $132,845 $117,000 Liabilities and Equity Accounts payable $10,500 $9,500 Accruals 8,000 5,000 Notes payable 6,600 5,300 Total current liabilities $ 25,100 $ 19,800 Long-term bonds 20,000 20,000 Total liabilities $ 45,100 $ 39,800 Common stock (4,000 shares) 60,000 60.000 Retained earnings Common equity Total liabilities and equity 27,745 17,200 $ 87,745 $ 77,200 $132,845 $117,000 Income Statement for Year Ending December 31, 2021 Sales $215,000 Operating costs excluding depreciation and amortization EBITDA 170,000 $ 45,000 Depreciation & amortization 7,000 EBIT Interest $ 38,000 EBT Taxes (25%) Net income Dividends paid 700 $ 37,300 9,325.00 $27.975.00 $17,430.00 Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered…

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…

Carla Vista Co. has these comparative balance sheet data: CARLA VISTA CO.Balance SheetsDecember 31     2022   2021 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 2022: 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, 2022. (Round current ratio and inventory turnover to 2 decimal…