3. Consider the abbreviated financial statements below for 2015 and 2016Arch Enterprises2015 & 2016 Balance Sheet2015201620152016$653$707Current Liabilities$261$293Current Assets2,6913,240Long Term Debt1,4221.512Net Fixed AssetsWhat is Owners Equity for 2015 & 2016?

Owners Equity = Current Assets + Net Fixed Assets - Current Liabilities - Long Term Debt

3. Consider the abbreviated financial statements below for 2015 and 2016 Arch Enterprises 2015 & 2016 Balance Sheet 2015 2016 2015 2016 Current Liabilities $261 $293 Current Assets $653 $707 3,240 Long Term Debt 1.422 1.512 Net Fixed Assets 2,691 What is Owners Equity for 2015 & 2016?

3. Consider the abbreviated financial statements below for 2015 and 2016 Arch Enterprises 2015 & 2016 Balance Sheet 2015 2016 2015 2016 Current Liabilities $261 $293 Current Assets $653 $707 3,240 Long Term Debt 1.422 1.512 Net Fixed Assets 2,691 What is Owners Equity for 2015 & 2016?

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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All the figures are in millions. Please calculate: debt ratio and times interest earned ratio Please written down the formulas used and use excel. BKW Current Asset Current Liabilities Total Liabilities Total Assets 2016 344,168 145,498 678,726 2,517,211 2017 356,979 160,215 752,063 2,719,903 2018 368,473 177,655 804,059 2,875,137 2019 495,024 261,798 925,626 3,092,984 2020 637,416 232,882 1,428,922 3,832,933 2021 579,863 268,282 1,546,085 4,025,832 BKW Net Cash Provided by operating activities Operating Income Before Tax Finance Costs Cash and cash eqiv & Accounts receivables 2016 148,507 121,756 - 14,080 19,641 + 133,225 2017 115,422 256,583 - 12,436 19,641 + 133,225 2018 170,948 244,453 - 14,456 21,167 + 122,216 2019 123,080 314,475 - 23,883 74,881 + 133,319 2020 75,259 417,117 -…
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Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Cash Accounts receivable Inventory Net fixed assets 21,900 24,300 Common stock $ 850 $ 1,210 126 Accounts payable 1,370 Short-term notes payable $ 1,080 $ 970 500 0 4,350 4,610 Long-term debt 11,900 13,500 6,000 6,200 Retained earnings Total assets $28,310 $30,406 Total liabilities and owners' equity 8,830 $28,310 $30,406 9,736 2016 Income Statement Sales Cost of goods sold Depreciation Interest Taxes Net income $30,710 18,470 6,132 744 1,824 $ 3,540 What are the values of the three components of the DuPont identity? Use ending balance sheet values. Multiple Choice
Some recent financial statements for Earl Grey Golf Corp. follow. EARL GREY GOLF CORP. 2017 and 2018 Statement of Financial Position Assets Liabilities and Owners' Equity 2017 2018 2017 Current assets Cash Accounts receivabl 12,448 e Fixed assets 15, 235 Inventory 25,392 27,155 Total $ 61,886 $ 66,645 Net plant and equipment $ 24,046 Total assets $386,58 1 2018 $ 24, 255 $324,65 $365,73 Sales Cost of goods sold Depreciation $ 432,37 9 Current liabilitie S Accounts payable Notes payable 12,000 11,571 Total $46,755 $ 80,000 Other Long-term debt Owners' equity Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Common stock and $ 23,184 $ 27,420 Total liabilitie s and owners' equity $40,000 paid-in surplus Retained 219,82 earnings Total 6 $ 259,82 6 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income 386,58 1 $366,996 253, 122 32,220 $ 81,654 10,800 15,553 $ 53,773 $ 95,000 $ 40,000 $ $ 14,300 $ 67,354 23,574 243, 60 6 283, 60 6 432, 37 Net income Dividends…
Use the following information to answer questions 1 - 8 Consider the following abbreviated financial statements for Xinghua: XINGHUA 2014 and 2015 Partial Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014 2015 Current assets $ 924 $ 1,002 Current liabilities $ 370 $ 428 Net fixed assets 3,917 4,556 Long-term debt 2, 006 2, 142 Equity 2,465 2,988 XINGHUA 2015 Income Statement Sales $ 11,295 Costs 5,535 Depreciation 1,020 Interest paid 180 The tax rate is 35%. Long term debt trades at 128% of par. The firm has 500 shares outstanding. Free Cash Flow to the Firm and the Free Cash Flow to Equity are both expected to grow at 2% forever. The weighted average cost of capital is 16%. The cost of equity is 24%.1. What is the change in net working capital for 2015? $ 2. What is the change in gross fixed assets, i. e. capital expenditures, for 2015? $_ What is the Net Income for 2015? $ 3. 4. What is the Free Cash Flow to the Firm for 2015? $ What is the Value of the Firm…
Comparative balance sheets for Hamilton Company are presented below. Hamilton Company Comparative Balance Sheet Decemebr 31 Assets 2017 2016 Cash 78000 12000 Accoutns Receivable 93000 76000 Inventory 180000 189000 Land 75000 100000 Equipemnt 250000 210000 Accu Dep - Equipment (66,000) (42,000) Total 610000 545000 Liability and Equity Accounts Payable 34000 47000 Bonds Payable 150000 200000 Common Stock ($1 Par ) 214000 164000 Retained Earnings 212000 134000 Total 610000 545000 Additional information: 1. Net income for 2017 was $134000 2. Cash dividends of $65,000 were declared and paid. 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.…