2024 Hamilton Industries Inc.'s year-end balance sheet lists the following: Current assets: $310,000 Fixed assets: $950,000 Current liabilities: $250,000 Long-term debt: $400,000 What is Hamilton Industries Inc.'s total stockholders' equity?
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- The comparative balance sheets for Metlock Corporation show the following information. December 312020 2019Cash $33,500 $12,900Accounts receivable 12,400 10,000Inventory 12,100 9,000Available-for-sale debt investments –0– 3,000Buildings –0– 29,800Equipment 44,800 19,900Patents 5,000 6,300 $107,800 $90,900Allowance for doubtful accounts $3,100 $4,500Accumulated depreciation—equipment 2,000 4,500Accumulated depreciation—building –0– 6,000Accounts payable 5,000 3,000Dividends payable –0– 4,900Notes payable, short-term (nontrade) 3,000 4,100Long-term notes payable 31,000 25,000Common stock 43,000 33,000Retained earnings 20,700 5,900 $107,800 $90,900 Additional data related to 2020 are as follows. 1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500.2. $10,000 of the long-term note payable was paid by issuing common stock.3. Cash dividends paid were $4,900.4. On January…Suppose the Crane Ltd's 2020 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities NT$3,536.0 31,408.0 3,016.0 16,640.0 Compute the following values. Interest expense Income taxes Net income NT$520.0 (a) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) 1,976.0 4,590.0 (b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) % times4. Table 1 below presents some of the financial ratios of Company XYZ for 2019. Table 1. Financial Ratios of Company XYZ, 2019 Value 2.6 12 2.7 16% 2% 20% 60% Ratio Total Asset Turnover Ratio Fixed Asset Turnover Ratio Current Ratio Gross Profit Margin Net Profit Margin Long-term Debt Ratio Total Debt Ratio What is the company's Return on Equity (ROE) for 2019? A. 6.5% B. 13.0% C. 9.6% D. 3.12% Net Protit marigin XTT X
- Below is Company A's balance sheet at the end of 2022. What is the Earnings before taxes (EBT) of Company A? Net sales Variable operating costs Fixed operating costs Depreciation and amortization Interest Taxes Preferred dividends Common dividends 2022 Amount $1,000.0 770.0 50.0 50.0 30.0 20.0 5.0 25.0Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2022 Sales Cost Net income $ 7,000 5,500 $ 1,500 2021 BALANCE SHEET, YEAR-END 2022 Assets $ 2,500 $ 3,000 Total $2,500 $ 3,000 Debt Equity Total 2021 $ 853 1,647 $ 2,500 2022 $ 1,000 2,000 $ 3,000 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) 40%, (b) 45%, and (c) 50%. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. External Financing Need (a) 40% (b) 45% (၁) 50%Here is financial information for Glitter Inc. Current Assets Plant Assets Current Liabilities Long-Term Liabilities Common Stock $1 par Retained Earnings Assets Instructions Prepare a schedule showing horizonal analysis for 2022. Using 2021 as the base year. Your Answers: FYI: Format the % with one decimal place: ex 99.9% If your dollar or percent answer is a negative amount, indicate by parentheses as: ex (99.9%) I Current Assets Plant Assets (net) Total Assets Liabilities Current Liabilities Long-Term Liabilities Total Liabilities Stockholders' Equity Common Stock, $1 par Retained Earnings Total Stockholders' Equity December 31 2022 106,000 400,000 99,000 122,000 130,000 155,000 Total Liabilities and Stockholders' Equity 2022 2021 106,000 90,000 400,000 350,000 506,000 440,000 99,000 65,000 122,000 90,000 221,000 155,000 130,000 155,000 285,000 115,000 170,000 285,000 December 31 2021 90,000 350,000 65,000 90,000 115,000 170,000 506,000 440,000 Increase OR (Decrease) $ Amount…
- 23. Condensed financial data of Novak Company for 2020 and 2019 are presented below. NOVAK COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,830 $1,180 Receivables 1,710 1,320 Inventory 1,590 1,920 Plant assets 1,890 1,710 Accumulated depreciation (1,220 ) (1,190 ) Long-term investments (held-to-maturity) 1,320 1,440 $7,120 $6,380 Accounts payable $1,190 $890 Accrued liabilities 210 260 Bonds payable 1,400 1,580 Common stock 1,940 1,660 Retained earnings 2,380 1,990 $7,120 $6,380 NOVAK COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,720 Cost of goods sold 4,680 Gross margin 2,040 Selling and administrative expenses 920 Income from operations…Calculate the 2020 current ratio using the following information: Balance Sheet Cash and Cash Equivalents Marketable Securities Accounts Receivable Total Current Assets Total Assets Current Liabilities Long Term Debt Shareholders Equity Income Statement Interest Expense Net Income Before Income Taxes 1.17 0.60 1.40 0.80 2020 5,000 15,000 10,000 40,000 70,000 50,000 10,000 10,000 7,500 45,000Suppose the 2020 adidas financial statements contain the following selected data (in millions). Current assets $4,510 Interest expense $170 Total assets 9,060 Income taxes 145 Current liabilities 2,200 Net income 229 Total liabilities 4,983 Cash 770 Compute the following values:
- Assume the company uses the AFN formula and all additional funds needed (AFN) will come from issuing new long-term debt. Given its forecast, how much long-term debt will the company have to issue in 2023? Lux Co. has the following balance sheet as of December 31, 2022Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $ 122,000 $ 100,000 Plant assets (net) 395,456 334,000 Current liabilities 87,764 74,000 Long-term liabilities 129,096 88,000 Common stock, $1 par 166,430 110,000 Retained earnings 134,166 162,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)Calculate the 2020 quick ratio using the following information: Balance Sheet Cash and Cash Equivalents Marketable Securities Accounts Receivable Total Current Assets Total Assets Current Liabilities Long Term Debt Shareholders Equity Income Statement Interest Expense Net Income Before Income Taxes 0.60 0.80 ).10 0.67 2020 5,000 15,000 10,000 40,000 70,000 50,000 10,000 10,000 7,500 45,000
