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Question 5 0.86 out of 0.86 points Use the following information for this and the next four questions. FINA 5010 OL 8W2 084 Fundamentals of Finance 2024 Spring 5 Inc. for the last year: Sales $26,500 Cost of goods sold 18,850 Depreciation expense 2,900 Interest expense 400 Selling, general, and administrative expense 250 Dividends paid 16,000 New debt issued 500 Beginning Net fixed assets $12,400 Beginning Current assets 2,600 Beginning Current liabilities 2,250 Ending Net fixed assets $15,250 Ending Current assets 3,890 Ending Current liabilities 2,650 Tax rate 40% What was its last year’s net income? Selected Answer: D. 2,460 Question 6 0.86 out of 0.86 points What was the TG Inc.’s operating cash flow last year? Selected Answer: c.5,760 Question 7 0.86 out of 0.86 points What was the TG Inc.’s cash flow from assets last year? Selected Answer: D. (880)
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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 $…
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Assets
2021 Est
2020
2019
Liabilities
2021 Est
2020
2019
Cash and Cash Equivalents
15
10
15
Accounts payable
115
60
30
Short-Term Investments
10
0
65
Overdrafts
115
110
60
Accounts Receivable
420
375
315
Accruals
260
140
130
Inventories
700
615
415
Total Current Liabilities
490
310
220
Total Current Assets
1145
1000
810
Long -Term Bonds and New Loan
1300
754
580
Net Plant and Equipment
1884
1190
870
Total Debt
1790
1064
800
Preferred Stock
40
40
40
Common Stock
130
130
130
Retained Earnings
1069
956
710
Total Common Equity
1199
1086
840
Total Assets
3029
2190
1680
Total Liabilities and Equity
3,029
2,190
1,680
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The financial statements of Carrier Office Furniture Company include the following items:
2025
$44,000
14,000
98,000
149,000
553,000
290,000
60,000
Cash
Short-term Investments
Net Accounts Receivable
Merchandise Inventory
Total Assets
Total Current Liabilities
Long-term Note Payable
What is working capital for 2026?
O A. $37,500
OB. $98,500
O C. $191,000
O D. $66,500
2026
$48,500
29,000
95,000
165,000
526,000
271,000
64,000
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2020 2021 Sales $5,300 $5,900 Depreciation 750 850COGS 2400 2900Interest 180 196Cash 200 500Accts Receivables 200 400Notes Payable 800 550Long-term debt 1500 1950Net fixed assets 3000 3500Accounts Payable 250 400Inventory 700 900Dividend payout 30% 30%Tax rate 35% 30%
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Comparative Balance Sheet
As of December 31, 2025 and 2024
12/31/25
12/31/24
Cash
$6,000
$7,000
Accounts receivable
61,800
50,700
Short-term debt investments (available-for-sale)
35,300
17,900
Inventory
39,800
59,400
Prepaid rent
4,900
4,000
Equipment
153,100
130,500
Accumulated depreciation-equipment
(35,000)
(24,700)
Copyrights
45,900
50,500
Total assets
$311,800 $295,300
Accounts payable
$46,000
$39,700
Income taxes payable
4,000
5,900
Salaries and wages payable
8,100
4,100
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Assets
Current assets
Net fixed assets
INCOME STATEMENT, 2022
(Figures in $ millions)
Revenue
Cost of goods sold
Depreciation
Interest expense
2021
$ 101
2022
$ 195
910 1,010
$ 2,005
1,085
405
251
Req A and B Req C and D
BALANCE SHEET AT END OF YEAR
(Figures in $ millions)
Liabilities and Shareholders' Equity
Current liabilities
Long-term debt
Req E
Complete this question by entering your answers in the tabs below.
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c&d. What is net working capital in 2021 and 2022?
e. What are taxes paid in 2022? Assume the firm pays taxes equal to 21% of taxable income.
f. What is cash provided by operations during 2022?
g.Net fixed assets increased from $910 million to $1,010 million during 2022. What must have been South Sea's gross investment in
fixed assets during 2022?
Answer is complete but not entirely correct.
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Accounts payable $466,000Notes payable $250,000Current liabilities $716,000Long-term debt $1,166,000Common equity $4,883,000Total liabilities and equity $6,765,000
a. What percentage of the firm's assets does the firm finance using debt (liabilities)?
b. If Campbell were to purchase a new warehouse for
$1.1
million and finance it entirely with long-term debt, what would be the firm's new debt ratio?
Question content area bottom
Part 1
a. What percentage of the firm's assets does the firm finance using debt (liabilities)?
The fraction of the firm's assets that the firm finances using debt is
27.827.8%.
(Round to one decimal place.)
Part 2
b. If Campbell were to purchase a new warehouse for
$1.1
million and finance it entirely with long-term debt, what would be the firm's new debt ratio?
The new debt ratio will be
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(Round to one decimal place.)
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BALANCE SHEET
2021
Cash and cash equivalents
280
Receivables
2588
Inventory
2516
Other CA
189
TOTAL CA
5573
Fixed assets
5024
TOTAL ASSETS
10597
Accounts payable
4713
Short term debt
78
TOTAL CL
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LT debt
921
Shareh. Equity
4886
TOTAL LIAB. AND SHARH. EQUITY
10597
INCOME STATEMENT
2021
Sales
19418
COGS
13136
Depreciations
354
SG&A
4952
EBIT
976
Interest Expenses
52
Tax
268
Net income
656
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Projected
Projected
Projected
Projected
Projected
2021
2022
2023
2024
2025
2026
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SGA/SALES
INVENTORIES/COGS
OTHER CA/SALES
AR/SALES
AP/COGS
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(b)
(c)
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Cost
Net income
Assets
Total
$ 5,500
4,300
$ 1,200
25%
30%
35%
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$ 8,500
IS
S
$8.500
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$ 9,000
Debt
Equity
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Answer is complete but not entirely correct.
External
Financing Need
2.275.00
2,726.00
3,177.00
Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing
for growth rates in 2023 of (a) 25%, (b) 30%, and (c) 35%.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
2021
$ 823
7,677
$ 8.500
2022
$ 1.000
8,000
$ 9.000
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TB Problem 21-167 (Algo)
The Murdock Corporation reported the following balance sheet data for 2021 and 2020:
2021
2020
Cash
$
96,245
$
33,155
Available-for-sale debt securities (not cash equivalents)
24,000
102,000
Accounts receivable
97,000
83,550
Inventory
182,000
160,300
Prepaid insurance
3,030
3,700
Land, buildings, and equipment
1,284,000
1,142,000
Accumulated depreciation
(627,000
)
(589,000
)
Total assets
$
1,059,275
$
935,705
Accounts payable
$
91,640
$
165,670
Salaries payable
26,800
33,000
Notes payable (current)
40,300
92,000
Bonds payable
217,000
0
Common stock
300,000
300,000
Retained earnings
383,535
345,035
Total liabilities and shareholders' equity
$
1,059,275
$
935,705
Additional information for 2021:
(1) Sold available-for-sale debt securities costing…
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TB Problem 21-167 (Algo)
The Murdock Corporation reported the following balance sheet data for 2021 and 2020:
2021
2020
Cash
$
96,245
$
33,155
Available-for-sale debt securities (not cash equivalents)
24,000
102,000
Accounts receivable
97,000
83,550
Inventory
182,000
160,300
Prepaid insurance
3,030
3,700
Land, buildings, and equipment
1,284,000
1,142,000
Accumulated depreciation
(627,000
)
(589,000
)
Total assets
$
1,059,275
$
935,705
Accounts payable
$
91,640
$
165,670
Salaries payable
26,800
33,000
Notes payable (current)
40,300
92,000
Bonds payable
217,000
0
Common stock
300,000
300,000
Retained earnings
383,535
345,035
Total liabilities and shareholders' equity
$
1,059,275
$
935,705
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(1) Sold available-for-sale debt securities costing…
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Har
Please give me correct answer with explanation
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Assets
Liabilities
Reserves
$250
Deposits
$1,500
Loans
$1,550
Capital
$300
$1,800
$1,800
Refer to table above. If Bank North receives a new deposit of
$400, its actual reserve ratio immediately becomes ___.
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