module 3 case

Help | System Announcements Balance Sheet As of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $28,987 Accounts payable and accruals $154,807 Accounts receivable $142,845 Short-term notes payable $21,639 Inventory $212,722 Total current liabilities $176,446 Total current assets $384,554 Long term debt $155,510 Net plant and equipment $602,309 Total liabilities $331,956 Goodwill and cther assets $42,422 Common stock $314,932 Retained earnings $382,397 Total assets $1,029,285 Total liabilities and equity $1,029,285 In addition, it was reported that the firm had a net income of: $158,531 and net sales of: $4,338,283 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.): Current Ratio times Quick Ratio times Average Collection Period days Total Asset Turnever times Fixed Asset Turnover times Question

question 23 attached tot ss belowthanks for help appareicted itj25 h2i 2h6ho2

CC18 The balance sheet and income statement of Cookie & Coffee Creations Inc. for its first year of operations, the year ended October 31, 2024, follows. COOKIE & COFFEE CREATIONS INC. Balance Sheet October 31, 2024   Assets       Current assets       Cash   $28,355   Accounts receivable   2,860   Inventory   15,750   Prepaid rent       5544 $52,509 Property, plant, and equipment       Equipment   $87,736   Accumulated depreciation—equipment   (8,668)     79,068 Total assets     $131,577         Liabilities and Stockholders’ Equity       Current liabilities       Accounts payable   $5,093   Income taxes payable   16280   Dividends payable   616   Salaries and wages payable   1,980   Interest payable   220   Notes payable—current portion       3,520 $27,709 Long-term liabilities       Notes payable—long-term portion         5,280 Total liabilities     32,989…

CC18 The balance sheet and income statement of Cookie & Coffee Creations Inc. for its first year of operations, the year ended October 31, 2024, follows. COOKIE & COFFEE CREATIONS INC. Balance Sheet October 31, 2024   Assets       Current assets       Cash   $28,355   Accounts receivable   2,860   Inventory   15,750   Prepaid rent       5544 $52,509 Property, plant, and equipment       Equipment   $87,736   Accumulated depreciation—equipment   (8,668)     79,068 Total assets     $131,577         Liabilities and Stockholders’ Equity       Current liabilities       Accounts payable   $5,093   Income taxes payable   16280   Dividends payable   616   Salaries and wages payable   1,980   Interest payable   220   Notes payable—current portion       3,520 $27,709 Long-term liabilities       Notes payable—long-term portion         5,280 Total liabilities     32,989…

11

Requlred Informatlon RivMera Townshlp reported the following data for Its governmental activitles for the year ended June 30, 20X9: 2 of 3 Item Amount Cash and cash equivalents $1,000,000 300,000 8,500,000 1,200,000 400,000 4,800,000 Receivables Capital assets Accumulated depreciation Accounts payable 01:56:09 Long-term liabilities Additlonal Information avalable is as follows: All of the long-term debt was used to acquire capital assets. Cash of $475,000 Is restricted for debt service. Based on the preceding Informatlon, on the statement of net assets prepared at June 30, 20X9, what amount should be reported for net assets Invested In capital assets, net of related debt? Multiple Cholce $3.300,000 $2.900,000 $2,825,000 $4.200,000

E24-1A

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Problem 11-3B Calculate operating activities—indirect method (LO11-3) Portions of the financial statements for Software Associates are provided below. SOFTWARE ASSOCIATESIncome StatementFor the year ended December 31, 2021 Net sales         $ 710,000     Expenses:                 Cost of goods sold $ 420,000             Operating expenses   130,000             Depreciation expense   33,000             Income tax expense   49,000             Total expenses           632,000     Net income         $ 78,000         SOFTWARE ASSOCIATES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable $ 10,000   Decrease in inventory   13,000   Increase in prepaid rent   3,000   Decrease in salaries payable   4,000   Increase in accounts payable   7,000   Increase in income tax payable   8,000       Required: Prepare the operating activities section of the statement of cash flows for Software…

Sh11

Requirement A

O Cambridge Busines P Module 11 I Financial Statement Forecasting LO2 M11-12. Forecast an Income Statement SATE OLOGY STX) SEAGATE TECHNOLOGY PLC Consolidated Statement of Income For Year Ended June 28, 2019, $ millions BC $10,390 Revenue. 7,458 Cost of revenue 991 Product development Marketing and administrative Amortization of intangibles. Restructuring and other, net. 453 23 (22) Total operating expenses. 8,903 Income from operations. 1,487 Interest income 84 Interest expense Other, net (224) 25 Other expense, net. (115) Income before incorne taxes (Benefit) provision for income taxes 1,372 (640) Net income.. $ 2,012 Forecast Seagate's 2020 income statement assuming the following income statement relations (ST Revenue growth. Cost of revenue Product development Marketing and administrative Amortization of intangibles. Restructuring and other, net, Interest income... Interest expense. Other, net Income tax rate. 5% 71.8% of revenue 9.5% of revenue 4.4% of revenue No change $0 No…

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Dinesh bhai

Required information Exercise 9-21 Complete the accounting cycle using long-term liability transactions (LO9-2, 9-8) [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Debit $ 11,700 35,000 152,500 72,300 125,000 Accounts Credit Cash Accounts Receivable Inventory Land Buildings $ 2,300 10, 100 23, 200 205,000 155,900 Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals $396,500 $396,500 During January 2021, the following transactions occur: Borrow $105, 000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5 years. Payments Receive $31, 500 from customers on accounts receivable. January $2,030 are required at the end of ead onth for 6e months. January 4 January Pay cash on accounts payable, $16,000. 10 January Pay cash for salaries, $29,400. 15 January…

A7

Hello tutor please given correct answer general accounting question

jDL Coroproation  Selected Financial Data as at december 21,2016 Current asset                           2,50,000$ Current Liabilities                     1,50,000$ Inventories                               60,000$ Accounts Receivable                45,000$ Revenue                                    9,50,000$ Cost of Good Sold                     6,75,000$ Note: Ignore averaging for this question JDL's Quick ratio is: 1 0.8 2.45 1.27   JDL's average collection period is: 8 days 11 days 17 days 20 days   JDL's inventory turnover is: 9.50 times 11.25 times 4.50 times 5.43 times   JDL's receivables turnover is: 24.34 times 22.56 times 21.11 times 20.11 times

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React Corporation Comparative Statements of Financial Position December 31, 2025 and 2024     2025 2024 Assets          Current Assets                Cash & Cash Equivalent 106,789 102,375           Trade & Other Receivables 327,611 277,467           Inventory 331,863 297,654           Prepaid Expenses 101,565 114,813       Total Current Assets 870,828 792,309      Noncurrent Assets               Property, Plant & Equipment               Intangibles 135,754 166,481      Total Noncurrent Assets 7,500 7,500  TOTAL ASSETS 143,254 173,981   1,014,082 966,290 Liabilities and Shareholders’ Equity          Current Liabilities               Trade & Other Payables               Unearned Revenues 238,000 208,703           Notes Payables - current 107,508 82,456     Total Current Liabilities 45,000 45,000…

Financial accounting question

41 Problem No. 1  AACA Corporation was incorporated on Dec. 1, 2021, and began operations one week later. Before closing the books for the fiscal year ended Nov. 30, 2022, the controller prepared the following financial statements:  AACA Corporation Statement of Financial Position November 30, 2022  Assets    Current assets       Cash  P150,000     Marketable securities, at cost    60,000     Accounts receivable    450,000     Allowance for doubtful accounts    (  59,000)     Inventories  430,000     Prepaid insurance  15,000     Total current assets    1,046,000  Property, plant and equipment    426,000  Less accumulated depreciation     ( 40,000)      Property, plant and equipment, net      386,000  Research and development costs        120,000  Total assets  P1,552,000      Liabilities and Shareholders' Equity    Current liabilities        Accounts payable and accrued…

TASK 4.20 Shadrack Enterprises Fixed assets note Complete the Fixed Asset Note to the Balance Sheet from the following ledger accounts of Shadrack Enterprises as at 31 December 20.5. GENERAL LEDGER OF SHADRACK ENTERPRISES BALANCE SHEET ACCOUNTS SECTION Dr VEHICLES Cr 20.5 20.5 220 000 Mar Dec 31 Asset dis osal Balance Jan 1 Balance b/d GJ 60 000 cld 160 000 220 000 31 20.6 220 000 Jan Balance b/d 160 000 ACCUMULATED DEPRECIATION ON VEHICLES 20.5 20.5 b/d 80 000 39 000 76 000 Mar 1 Balance Mar 31 Dec 31 GJ Jan Asset disposal Balance 3 000 Depreciation 31 Depreciation GJ GJ c/d 31 Dec 32 000 115 000 115 000 20.6 Jan 1 Balance b/d 76 000 Dr EQUIPMENT 20.5 20.5 Balance cid 120 000 90 000 30 000 120 000 b/d Dec 31 Balance Creditors control Jan 1 June 30 CJ 120 000 20.6 Jan 1 Balance b/d 120 000 B ACCUMULATED DEPRECIATION ON EQUIPMENT 20.5 20.5 Dec 31 c/d 50 500 Jan Balance b/d 40 000 Balance 10 500 50 500 Dec 31 Depreciation GJ 50 500 20.6 1 Jan Balance b/d 50 500 NOMINAL ACCOUNTS SECTION…

A B с D E F G H 123456789 ($ thousan Cash and cas $ Following is selected year-end financial information for Tilly's, Inc. Dec. 31 77,151 Cash flow fro 40,077 Cost of good! 475,851 Total liabilitie 425,413 Total assets 601,304 10 Cash flow fro (30,743) 11 Sales revenu 681,230 12 Cash flow fro (7,160) 13 180,495 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Other expens Prepare a multiple-step income statement, balance sheet, and statement of cash flows for the year-end in good form. NOTE: Only use a negative sign with your answers, if shown with a negative sign in the above table. TILLY'S, INC. Income Statement fear Ended December 3 ($ thousands) Sales revenu $ 681,230 Cost of goods 475,851 Gross profit $ 205,379 Other expens 180,495 Net income S 24.884 TILLY'S, INC. Balance Sheet December 31, Year 1 ($ thousands) $ 34 35 Total assets $ 601,304 36 $ 37 38 39 40 41 42 43 Total liabilities TILLY'S, INC. Statement of Cash Flows Year Ended December 3 ($ thousands) 44 45 46 47…

HCS 986 Week 4 Horizontal and Vertical Analysis O 100 DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a vertical analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance. Dec. 31, 2022 Dec. 31, 2021 Accounts Receivable 460,000 400,000 Inventory 780,000 650,000 Total Assets 3,164,000 2,800,000 NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point for the answer, as seen in the example below. The text box will highlight red if incorrect after clicking the Submit button (bottom right corner). Example: 30000 = 6.0 % Accounts Receivable 2022 = 400000 460000 = 1.15 % 53°F Mostly cloudy 10:23 PM 5/23/2022

* Question Completion Status: 1. 4 6 7 8 10 11 12 Presented below are selected account balances for DEF Corporation as of December 31, 2021. (All accounts have their normal balances) Inventory 12/31/21 $65,000 Cost of Goods Sold $230,000 Sales Revenue 450,000 Selling Expenses 26,000 Interest Revenue 10,000 Administrative Expenses 28,000 Dividends 20,000 Income Tax Expense 20,000 Common Stock 70,000 Retained Earnings 48,000 Rent Revenue 13,000 Allowance for Doubtful Accounts 11,000 Accounts Receivables 88,000 Rent Expense 16,000 Instructions: Prepare the necessary closing entries for DEF Corporation on December 31, 2021. Select and copy the table below to answer in the space provided. Account Description Debit Credit Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Close Window Save and Submit