3. You are given the following summarized financial statements of TechInc. for the year 2020.Sales revenueCost of goods sold & various operating expensesDepreciationOperating incomeInterestIncome taxNet incomeTech Inc.Income Statement for 2020Current assets: CashTrade accounts receivableInventoryLong-term assets: At costTotal assetsLiabilities & EquityCurrent liabilitiesLong-term liabilitiesTotal liabilitiesTech Inc.Balance Sheet as at End of 2020$Accumulated depreciation$1,950,000300,000Equity: Common sharesRetained earningsTotal Liabilities & Equity$15,000150,000$ 900.000520.000$2,700,000$ 100.000500.0002,250,000$ 450,00010,000270.000540.000 $ 820,000150.000300.000380.000$1.200.000$ 540,00060.000$ 600.000600.000$1.200.000RequiredUsing financial ratio analysis, prepare a report on how well Tech Inc. isdoing in 2020.

Financial ratio analysis-It is a method of comparing the ratio between two or more items of…

3. You are given the following summarized financial statements of Tech Inc. for the year 2020. Sales revenue Cost of goods sold & various operating expenses Depreciation Operating income Interest Income tax Net income Tech Inc. Income Statement for 2020 Current assets: Cash Trade accounts receivable Tech Inc. Balance Sheet as at End of 2020 $ Inventory Long-term assets: At cost Total assets Liabilities & Equity Current liabilities Long-term liabilities Total liabilities Accumulated depreciation $1,950,000 300,000 Equity: Common shares Retained earnings Total Liabilities & Equity $ 15,000 150,000 $ 900.000 520.000 $2,700,000 $ 100,000 500,000 2,250,000 $ 450,000 10,000 270,000 540.000 $ 820.000 150,000 300.000 380.000 $1.200.000 $ 540,000 60,000 $ 600,000 600,000 $1.200.000 Required Using financial ratio analysis, prepare a report on how well Tech Inc. is doing in 2020.

3. You are given the following summarized financial statements of Tech Inc. for the year 2020. Sales revenue Cost of goods sold & various operating expenses Depreciation Operating income Interest Income tax Net income Tech Inc. Income Statement for 2020 Current assets: Cash Trade accounts receivable Tech Inc. Balance Sheet as at End of 2020 $ Inventory Long-term assets: At cost Total assets Liabilities & Equity Current liabilities Long-term liabilities Total liabilities Accumulated depreciation $1,950,000 300,000 Equity: Common shares Retained earnings Total Liabilities & Equity $ 15,000 150,000 $ 900.000 520.000 $2,700,000 $ 100,000 500,000 2,250,000 $ 450,000 10,000 270,000 540.000 $ 820.000 150,000 300.000 380.000 $1.200.000 $ 540,000 60,000 $ 600,000 600,000 $1.200.000 Required Using financial ratio analysis, prepare a report on how well Tech Inc. is doing in 2020.

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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Condensed financial data of Waterway Company for 2020 and 2019 are presented below. WATERWAY COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,790 $1,150 Receivables 1,780 1,330 Inventory 1,620 1,890 Plant assets 1,930 1,700 Accumulated depreciation (1,200 ) (1,180 ) Long-term investments (held-to-maturity) 1,310 1,420 $7,230 $6,310 Accounts payable $1,210 $920 Accrued liabilities 210 240 Bonds payable 1,370 1,530 Common stock 1,860 1,670 Retained earnings 2,580 1,950 $7,230 $6,310 WATERWAY COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,970 Cost of goods sold 4,680 Gross margin 2,290 Selling and administrative expenses 940 Income from…
Ivanhoe Corporation reported the following information for the year ended December 31: Balance sheet accounts: 2024 Accounts receivable Inventory Prepaid expenses Accounts payable Income tax payable 2023 $93,500 66,000 68,200 60,500 5,500 9,900 38,500 46,200 15,400 9,900 Net cash Save for Later Income statement accounts: Sales Gain on sale of land Cost of goods sold Operating expenses Depreciation expense Income tax expense 2024 $412,500 16,500 165,000 82,500 22,000 Calculate the net cash provided (used) by operating activities using the direct method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) operating activities 55,000 Attempts: 0 of 15 used Submit Answer
Select the images below to enlarge. Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Investments Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Murawski Company Income Statement For the Years Ended December 31 Sales Revenue Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 Income before income taxes Income tax expense Net Income $330 $360 470 400 390 160 1,310 460 120 1,380 $900 $790 Long-term liabilities 410 380 Stockholder's equity - common 1,030 1,040 Total liabilities and stockholder's equity $2,340 $2,210 Income Statement 10 420 530 $2,340 2022 $3,800 2021 955 2,400 25 3,380 420 126 $294 10 380 510 $2,210 2021 $3,460 890 2,330 20 3,240 220 66 $154 Calculate the 2022 Times Interest Earned ratio. Use whole numbers rounded to 2 decimal places, if…
he current sections of Skysong, Inc.’s balance sheets at December 31, 2021 and 2022, are presented here.Skysong’s net income for 2022 was $152,700. Depreciation expense was $27,600. 2022 2021 Current assets Cash $107,600 $95,900 Accounts receivable 78,400 89,400 Inventory 167,800 172,100 Prepaid expenses 26,800 22,000 Total current assets $380,600 $379,400 Current liabilities Accrued expenses payable $15,800 $8,600 Accounts payable 84,900 95,500 Total current liabilities $100,700 $104,100 Prepare the net cash provided by operating activities section of the company’s statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
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The current sections of rita Company's Statement of Financial Position as at 31 December 2019 and 2020, are presented below. rita net income for 2020 was RM203,000. Depreciation expense was RM25,000. 2019 2020 (RM) (RM) Current asset Cash 115,000 99,000 Accounts receivable 105,000 89,000 154,000 172,000 Inventory Prepaid expense 27,000 21.000 Total current assets 401,000 381.000 Current liabilities Accrued expenses payable Accounts payable 15,000 5,000 85.000 93.000 Total current liabilities 100,000 98,000 Prepare the net cash provided by operating activities section of the company's Statement of Cash Flows for the year ended 31 December 2020, using the indirect method.
Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 $ 481,724 $369,040 289,998 191,726 68,405 43,355 111,760 Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Assets Current assets Long-term investments Plant assets, net Total assets Common stock Other paid-in capital Retained earnings Total liabilities and equity Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 79,966 14,874 52,403 10,743 $ 65,092 $ 41,660 KORBIN COMPANY Comparative Balance Sheets December 31 233,233 135,807 50,928 32,476 83,404 2021 2020 $ 56,542 0…
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