20142013Lease expense55.0055.00Plant & Equipment5,170.004,910.00Long term debt3,220.003,122.00Common stock1,550.001,300.00Addition al paid in capital572.00542.00Accumulated depreciation170.00136.00Land350.00270.00Accounts Payable380.00300.00Notes payable44.0025.00Other current liabilities242.00211.00Depreciation expense34.0030.00Selling and G&A expenses765.00632.00Sales6,000.004,250.00Cost of goods so ld3,300.002,550.00Fixed expenses100.00100.00Interest expense130.00110.00Cash121.0080.00Accounts receivable370.00347.00925.00752.00InventoryRetained earnings758.00723.0035%35%Tax rate 1- Total Current Assets for the year 2014 is: *O a) $1,416O b) $1,179O c) $1,045O d) $1,235e) None of the above

Answered: 1- Total Current Assets for the year…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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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…
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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.

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1- Total Current Assets for the year 2014 is: O a) $1,416 O b) $1,179 O c) $1,045 d) $1,235 O O O