Ronald_Chen_Corsair_VS_Dell_Project

Current Attempt in Progress   XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets:       Liabilities and Equity:          Cash and marketable securities   $27,476      Accounts payable and accruals   $154,860      Accounts receivable   $143,519      Short-term notes payable   $21,255      Inventory   $212,379      Total current liabilities   $176,115      Total current assets   $383,374      Long term debt   $155,510      Net plant and equipment   $602,704      Total liabilities   $331,625      Goodwill and other assets   $42,422      Common stock   $312,719              Retained earnings   $384,156         Total assets   $1,028,500         Total liabilities and equity   $1,028,500   In addition, it was reported that the firm had a net income of:   $158,402 and net sales of:   $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g.…

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…

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…

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

Financial accounting question

The current assets and liabilities sections of the comparative balance sheets of Regent Inc., a private entity reporting under ASPE, at December 31 are presented below, along with the income statement: REGENT INC. Comparative Balance Sheet Accounts 2024 2023 Cash $27,720 $29,400 Accounts receivable 17,920 11,480 Inventory 9,100 12,880 Prepaid expenses 2,100 1,624 Accounts payable 12,040 10,080 Accrued expenses payable 1,400 2,240 Dividends payable 6,720 4,760 Income tax payable 1,904 3,304 REGENT INC. Income Statement Year Ended October 31, 2024 Sales $175,000 Cost of goods sold 109,200 Gross profit 65,800 Operating expenses $24,640 Depreciation expense 6,440 Loss on sale of equipment 2,240 33,320 Profit before income tax 32,480 Income tax expense 8,120 Profit for the year $24,360 Instructions Prepare the operating section of the cash flow statement using the direct method.

SAMPAGUITA INSURANCE COMPANY FINANCIAL STATEMENT 2021 ASSETS Cash and cash equivalents P2,574,335 Interest receivable 132,241 Investments 12,340,312 Investment in subsidiary 529,248 Premiums due from policyholders 10,831 Policy loans receivables - net 369,607 Coverage debt receivables - net 960,404 Reinsurance assets 53,439 Property and equipment - net 415,241 Right-of-use assets - net 533,003 Deferred acquisition costs 12,455,967 Other assets - net 1,647,258 Total General Assets 32,021,886 Assets Held to Cover Linked Liabilities 106,573,549 PI 38,595,435 ROSE INSURANCE COMPANY FINANCIAL STATEMENT ASSETS Cash and cash equivalents (Note 4) P 2,177,119,101 Insurance receivables (Note 26) Financial assets (Note 5) 133,720,939 Financial assets at fair value through profit or loss (FVPL) 60,091,263,262 Available-for-sale financial assets 42,348,896,307 Loans and receivables 10,508,989,111 Accrued income (Note 7) 379,787,097 Reinsurance assets (Note 13)…

Baghiben

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…

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)…

Item Prior year Current year Accounts payable 8,109.00 7,758.00 Accounts receivable 6,059.00 6,782.00 Accruals 1,036.00 1,609.00 Cash ??? ??? Common Stock 11,891.00 11,189.00 COGS 12,683.00 18,018.00 Current portion long-term debt 4,980.00 4,993.00 Depreciation expense 2,500 2,813.00 Interest expense 733 417 Inventories 4,192.00 4,777.00 Long-term debt 13,329.00 13,523.00 Net fixed assets 50,636.00 54,376.00 Notes payable 4,329.00 9,999.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,278.00 29,801.00 Sales 35,119 47,221.00 Taxes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year?

Item Prior year Current year Accounts payable 8,109.00 7,758.00 Accounts receivable 6,059.00 6,782.00 Accruals 1,036.00 1,609.00 Cash ??? ??? Common Stock 11,891.00 11,189.00 COGS 12,683.00 18,018.00 Current portion long-term debt 4,980.00 4,993.00 Depreciation expense 2,500 2,813.00 Interest expense 733 417 Inventories 4,192.00 4,777.00 Long-term debt 13,329.00 13,523.00 Net fixed assets 50,636.00 54,376.00 Notes payable 4,329.00 9,999.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,278.00 29,801.00 Sales 35,119 47,221.00 Taxes 2,084 2,775 What is the firm's cash flow from investing?

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Which of the following statements is TRUE about Verizon's financial statements? verizon Consolidated Balance Sheets (In millions of dollars) As of As of Dec 31, 2020 $ 22,171 Dec 31, 2019 $ 2,594 ASSETS Cash and cash equivalents Accounts receivable 23,917 25,429 Inventories 1,796 1,422 Prepaid expenses and other current assets 6,710 8,028 Total current assets 54,594 37,473 Property and equipment, net Intangible assets Other long-term assets 94,833 91,915 152,814 151,640 10,699 $ 291,727 14,240 Total assets $ 316,481 LIABILITIES & EQUITY Debt maturing within one year $ 5,889 $ 10,777 Accounts payable and accrued liabilities 20,658 21,806 Other current liabilities 13,113 12,285 Total current liabilities 39,660 44,868 Long-term debt 123,173 100,712 Other long-term liabilities 84,376 83,312 Total liabilities 247,209 228,892 Common stock and additional paid in capital 13,833 13,858 Retained earnings 60,464 53,147 Accumulated other comprehensive income (5,025) (4,170) Total shareholders'…

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'…

Cash Accounts receivable (net) Inventories Total current assets Noncurrent assets Current liabilities Long-term liabilities Shareholders' equity Net income Interest expense Income tax expense Sanchez Corporation Selected Financial Information The debt to equity ratio for 2016 is: OA) 0.80 OB) 0.44 Oc) 0.67 OD) 0.13 12/31/16 $ 20,000 100,000 190,000 310,000 230,000 200,000 40,000 300,000 $40,000 10,000 20,000

Complete a Vertical analysis of the "Unearned revenue" account using the balance sheet as at 30/06/2021. Round the percentage change to one decimal place

Balance Sheet as of December 31, 2021 (Thousands of Dollars) Cash $ 1,080 Accounts payable $ 4,320 Receivables 6,480 Accruals 2,880 Inventories 9,000 Line of credit Total current assets $16,560 Notes payable 2,100 Net fixed assets 12,600 Total current liabilities $ 9,300 Mortgage bonds 3,500 Common stock 3,500 Retained earnings 12,860 Total assets $29,160 Total liabilities and equity $29,160 Income Statement for December 31, 2021 (Thousands of Dollars) Sales $36,000 Operating costs 34,000 Earnings before interest and taxes $ 2,000 Interest 160 Pre-tax earnings $ 1,840 Taxes (25%) 460 Net income $ 1,380 Dividends 552 Addition to retained earnings 2$ 828

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Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION     Balance Sheet       Dec. 31, Year 7 Dec. 31, Year 6 Current Assets     Cash and cash equivalents $519,159 $274,579 Marketable securities 166,106 187,064 Accounts receivable (net) 232,548 260,190 Inventories 382,044 352,022 Prepaid expenses 49,832 22,958 Other current assets 83,053 85,029 Total Current Assets 1,432,742 1,181,842 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,384,962 $2,232,263 Current Liabilities     Short-term borrowings $306,376 $170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 228,700 257,631 Accrued liabilities 246,292 150,285 Income taxes payable 87,962 161,020 Total Current Liabilities 1,024,330 907,355 Long-term debt 500,000 300,000 Deferred income taxes 193,515 236,164 Total Liabilities 1,717,845 1,443,519 Common stock $425,250…

Calculate the current ratio current assets/current liabilities for Castle rock construction round to one decimal place. The current ratio 2:1

Given the data in the following table, accounts receivable in 2023 was…

Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year ??? ??? 320,715 397,400 40,500 33,750 500,000 541,650 17,500 47,500 94,000 105,000 328,500 431,876.00 33,750 35,000 54,000 54,402.00 40,500 42,823.00 279,000 288,000 339,660.00 398,369.00 946,535 999,000 148,500 162,000 126,000 162,881.00 306,000 342,000 639,000 847,928.00 24,750 47,224.00 What is the current year's return on assets (ROA)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION     Balance Sheet       Dec. 31, Year 7 Dec. 31, Year 6 Current Assets     Cash and cash equivalents $576,843 $305,088 Marketable securities 166,106 187,064 Accounts receivable (net) 258,387 289,100 Inventories 424,493 391,135 Prepaid expenses 55,369 25,509 Other current assets 83,053 85,029 Total Current Assets 1,564,251 1,282,925 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,516,471 $2,333,346 Current Liabilities     Short-term borrowings $306,376 $170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 254,111 286,257 Accrued liabilities 273,658 166,983 Income taxes payable 97,735 178,911 Total Current Liabilities 1,086,880 970,570 Long-term debt 500,000 300,000 Deferred income taxes 215,017 262,404 Total Liabilities 1,801,897 1,532,974 Common stock $425,250…