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- Calculate the assessed Value (in K) Property tax due (in $) on and the 267,00 the property? Fair Market Assesment Rate Assesed Value Property Tax Rate Property Tax 125.60 per 1,000 due Value 80The following information is from Lacy's Inc. $ millions Prior Fiscal Year Current Fiscal Year Net Year-End Assets Revenue Income $21,330 14,403 $18,955 $1,070 a. Compute the asset turnover ratio for the current fiscal year. b. Compute the return on assets ratio for the current fiscal year. Numerator a. Asset Turnover Ratio $ Check b. Return on Assets Ratio $ Numerator Denominator / $ Denominator / $ || Result ResultIf current assets are $20,000 and total assets are $187,000, what percentage of total assets are current assets? (Answer as a percentage to 1 decimal point with no % sign needed, e.g. xx.x or 12.3)
- 10. At the beginning of the year, an Entity had total assets of P700,000 and total liabilities of P500,000. If the total assets increased to P850,000 during the year and the total liabilities decreased to P400,000, what is the amount of owner's equity at the end of the year? O A. P1,250,000 O B. P810,000 C. P450,000 O D. P200,000 O O O Ohow did you get these numbers ? Year 2022: Weighted-Average accumulated expenditure Date Amount Capitalization period Weighted Average Accumulated Expenditures 1-Jan-22 $8,100,000 9/9 $8,100,000 31-Jan-22 $450,000 8/9 $400,000 30-Apr-22 $783,000 5/9 $435,000 31-Aug-22 $1,080,000 1/9 $120,000 Total $10,413,000 $9,055,000Hardev
- STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31 All answers round to two decimal places except (c) & (e), eg 54.544 input as 54.54, 54.545 input as 54.55 2019 2018 2017 2$ $ $ 2019 2018 times Plant and equipment (net) 500,000 466,000 440,000 a)Current ratio 5.11 times times times Intangible Assets 580,000 480,000 412,000 b) Acid Test Ratio times times Short Term Investments 56,000 140,000 97,200 b)lnventory Turnover Prepaid Insurance (less than 12 months) 4,000 4,000 3,800 c)Average days to sell inventory 100 Days Days (Round to days, no decimal place required) Inventory 126,000 119,000 79,000 d)Accounts Receivable turnover times times (Assume all the sale are credit sales) Accounts receivables (net) 54,000 48,000 60,000 e) Average Collection Period Days Days (Round to days, no decimal place required) % Cash 220,000 144,000 122,000 f)Profit Margin 1,540,000 1,401,000 1,214,000 g)Return on Assets times times h)Asset Turnover % Accounts Payable 80,000 100,000 100,000 i) Return on…Using horizontal analysis , calculate the percentage of the base- year amount, using 2019 as the base year. please answer do not image.Subject;
- 2014 2013 Lease expen se 55.00 55.00 Plant & Equipment 5,170.00 4,910.00 Long term debt 3,220.00 3,122.00 Common stock 1,550.00 1,300.00 Additional paid in capital 572.00 542.00 Accumulated depreciation 170.00 136.00 Land 350.00 270.00 Accounts Payable 380.00 300.00 Notes payable 44.00 25.00 Other current liabilities 242.00 211.00 Depreciation expense 34.00 30.00 Selling and G&A expenses 765.00 632.00 Sales 6,000.00 4,250.00 Cost of goods sold 3,300.00 2,550.00 Fixed expenses 100.00 100.00 Interest expense 130.00 110.00 Cash 121.00 80.00 Accountsreceivable 370.00 347.00 Inventory 925.00 752.00 Retained earnings 758.00 723.00 Tax rate 35% 35%Dec. 31, 2017 Dec. 31, 2016 $ 253,500 $ 210,500 1,362,800 Current assets Plant assets 800,200 Total assets $1,573,300 $1,053,700 Compute the amount and percentage changes in 2017 using horizontal analysis, assuming 2016 is the base year.