008The following information is provided in the 2024 annual report to shareholders of The BizStore:Required:Compute the missing amount in the BizStore financial statement information.Note: Round your intermediate calculations and final answers to 1 decimal place.December 31, 2024December 31, 2023Accounts receivablemillion$24 millionInventory$43 million$38 millionTotal assets$268 millionmillionTotal stockholders' equitymillion$148 millionNet sales$133 millionCost of goods soldmillionNet incomemillionAverage collection period40.2 daysAverage days in inventory127.0 daysEquity multiplier1.7Return on equity15.0 %Profit margin on sales19.2 %ROA%

The objective of the question is to compute the missing amounts in the BizStore financial statement…

Answered: 00 8 The following information is…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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?
Please help solving Example P20-7 from Chapter 20 in the Financial Reporting and Analysis 8th Edition Presented next are the balance sheet accounts of Bergen Corporation as of December 31, 20X1 and 20X0. 20X1 20X0 Increase (Decrease) Assets Current assets: Cash $ 541,000 $ 308,000 $ 233,000 Accounts receivable, net 585,000 495,000 90,000 Inventories 895,000 780,000 115,000 Total current assets 2,021,000 1,583,000 438,000 Land 350,000 250,000 100,000 Plant and equipment 1,060,000 720,000 340,000 Accumulated depreciation (295,000 ) (170,000 ) (125,000 ) Leased equipment under capital lease 158,000 -0- 158,000 Marketable investment securities, at cost -0- 75,000 (75,000 ) Investment in Mason, Inc., at cost 180,000 180,000 -0- Total assets $ 3,474,000 $ 2,638,000…
The following data are provided: December 31 2021 2020 Cash $ 1300000 $ 1005000 Accounts receivable (net) 1500000 1150000 Inventories 2600000 2100000 Plant assets (net) 6000000 6600000 Accounts payable 1150000 820000 Income taxes payable 220000 90000 Bonds payable 1400000 1400000 10% Preferred stock, $50 par 1800000 1800000 Common stock, $10 par 2300000 1700000 Paid-in capital in excess of par 1650000 1400000 Retained earnings 4100000 3400000 Net credit sales 12800000 Cost of goods sold 8500000 Operating expenses 2900000 Net income 1600000 Additional information:Depreciation included in cost of goods sold and operating expenses is $1200000. On May 1, 2021, 60000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2021.At December 31, 2021,…
Current Position Analysis The following items are reported on a company's balance sheet: Cash $423,700 Marketable securities 331,000 Accounts receivable (net) 304,500 Inventory 264,800 Accounts payable 662,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2
Using a BalanceSheetMOON CORPORATIONBALANCE SHEETJULY 31, 2011Assets Liabilities & Owners’ EquityCash . . . . . . . . . . . . . . . . $ 18,000 Liabilities:Accounts Receivable . . . 26,000 Notes PayableLand . . . . . . . . . . . . . . . . 37,200 (due in 60 days) . . . . . . . . . . . . . $ 12,400Building. . . . . . . . . . . . . . 38,000 Accounts Payable . . . . . . . . . . . . . 9,600Office Equipment . . . . . . 1,200 Total liabilities . . . . . . . . . . . . . . $ 22,000Stockholders’ equity:Capital Stock . . . . . . . . . $60,000Retained Earnings. . . . . 38,400 98,400Total . . . . . . . . . . . . . . . . $120,400 Total . . . . . . . . . . . . . . . . . . . . . . . . . $120,400STAR CORPORATIONBALANCE SHEETJULY 31, 2011Assets Liabilities & Owners’ EquityCash . . . . . . . . . . . . . . . . $ 4,800 Liabilities:Accounts Receivable . . . 9,600 Notes PayableLand . . . . . . . . . . . . . . . . 96,000 (due in 60 days) . . . . . . . . . . . . . $ 22,400Building. . . . . . . . . . . .…
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Calculate the earnings per share (average of 420,000 shares outstanding for the year) for 2020. (Round answer to 2 decimal places, e.g. 2.55.) Earning per share $enter the earning per share in dollars rounded to 2 decimal places per share Matthias Medical manufactures hospital beds and other institutional furniture. The company’s comparative balance sheet and income statement for 2019 and 2020 follow. Matthias MedicalComparative Balance SheetAs of December 31 2020 2019 Assets Current assets Cash $397,220 $417,400 Accounts receivable, net 906,800 776,400 Inventory 743,000 681,000 Other current assets 381,300 247,000 Total current assets 2,428,320 2,121,800 Property, plant, & equipment, net 8,678,000 8,440,100 Total assets $11,106,320 $10,561,900 Liabilities and Stockholders’ Equity Current liabilities $2,934,700…
Brief Exercise 170 Using these data from the comparative balance sheet of Banner Company, perform vertical analysis. (Round answers to 1 decimal place, e.g. 15.2.) December 31, 2020 December 31, 2019 Amount Percentage Amount Percentage Accounts Receivable $ 480,000 % $ 336,000 % Inventory 720,000 % 504,000 % Total Assets 4,000,000 % 2,800,000 %
QUESTION 6 Southeast Systems has the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its market price of the common stock was $78 at the end of 2014. Make sure the unit is in million dollars. (unit: $ in millions) Southeast Systems Balance Sheets 2013 2014 2013 2014 Cash $50 $100 Accounts payable $450 $500 Accounts receivable 600 700 Notes payable 300 400 Inventory 500 550 Long-term debt 650 650 Net fixed assets 1,000 1,000 Common equity 300 300 Retained earnings 450 500 Total Assets $2,150 $2,350 Total Liabilities & Owner’s Equity $2,150 $2,350 Income Statement 2014 Sales $2,370 Cost of goods sold 2,070 Depreciation 200 EBIT 100 Interest expenses 20 Taxable income 80 Taxes 28 Net income $52 Dividends $2 (1) What is the…
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1741 @ O * Umniah I. أنت كل الوسائط ۲۰۲۰/۱۲/۲۷، 1:۲۹ م Jadara Company compiled the following financial information as of December 31, 2014: Revenues 140,000 Equipment 80,000 Accounts receivable 14,000 Note Payable 8,000 Expenses 125,000 Account Payable 10,000 Share capital 65,000 Dividends 10,000 Jadara's Total liabilities on December 31, 2014, are Jigu
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