A company reported the following asset and liability balances at the end of 2013 and 2014: 2013 2014 Total Assets $7,500,000 $8,200,000 Total Liabilities 4,300,000 4,500,000 During 2014, cash dividends of $50,000 were declared and paid, and common stock was issued for $100,000. How much was the 2014 net income?
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- The following data are available for XYZ Corporation for years 2014 and 2013. XYZ Corporation Statement of Financial Position As of December 31 Change Peso % 2013 2014 Assets Cash and equivalents Receivables Inventories Prepayments and others Total Current Assets 14,000 28,800 54,000 4,800 101,600 16,000 55,600 85,600 _7,400 164,600 2,000 26,800 ? 93.06% ? 2,600 54.17% 62.01% Property, Plant & Equipment - net of depreciation Total Assets 43,200 73,400 238,000 143.05% 30,200 131.800 Liabilities and Equity Notes payable to banks Accounts payable Accrued liabilities Income taxes payable Total current liabilities Share capital Retained earnings Total equity Total liabilities and equity 10,000 31,600 4,200 _ 5,800 51,600 44,600 35.600 80,200 131,800 54,000 55,400 6,800 7,000 123,200 44,600 70,200 44,000 23,800 2,600 .? ? 440.00% 61.90% 0.00% 34,600 34,600 43,14% 114,800 238.000 XYZ Corporation Income Statement Years ended December 31 (P thousands) Change Peso 2013 2014 266,400 191,400…General accountingSelected information from the comparative financial statements of Barcelona Company for the year ended December 31 appears below: 2017 2016 Accounts receivable (net) $200,000 175,000 Inventory 170,000 130,000 Total assets 1,100,000 800,000 Current liabilities 140,000 110,000 Long-term debt 300,000 410,000 Net credit sales 900,000 700,000 Cost of goods sold 530,000 600,000 Interest expense 40,000 25,000 Income tax expense 60,000 29,000 Net income 120,000 85,000 Net cash provided by operating activities 250,000 135,000 Instructions Answer the following questions relating to the year ended December 31, 2017. Show computations. 1. The inventory turnover for 2017 is 2. The number of times interest earned in 2017 is 3. The accounts receivable turnover for 2017 is 4. The return on assets for 2017 is
- Čardinal Industries had the following operating results for 2018: Sales = $34,621; Cost of goods sold Dividends paid = $2,023. At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,01O. At the end of the year, net fixed assets were $24,529, current assets were $8,702, and current liabilities were $4,700. The tax rate for 2018 was 25 percent. $24,359; Depreciation expense = $6,027; Interest expense $2,725; %3D a. What is net income for 2018? (Do not round intermediate calculations.) b. What is the operating cash flow for 2018? (Do not round intermediate calculations.) c. What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) d- If no new debt was issued during the year, what is the cash flow to creditors? (Do not 1. round intermediate calculations.) d- If no new debt was issued during the year, what is the cash flow to stockholders? (Do…Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $ 1,800.0 $ 1,500.0 Operating costs excluding depreciation and amortization 1,395.0 1,275.0 EBITDA $ 405.0 $ 225.0 Depreciation and amortization 43.0 39.0 Earnings before interest and taxes (EBIT) $ 362.0 $ 186.0 Interest 40.0 33.0 Earnings before taxes (EBT) $ 322.0 $ 153.0 Taxes (40%) 128.8 61.2 Net income $ 193.2 $ 91.8 Common dividends $ 174.0 $ 73.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash and equivalents $ 23.0 $ 18.0 Accounts receivable 248.0 225.0 Inventories 396.0 360.0 Total current assets $ 667.0 $ 603.0 Net plant and equipment 429.0 390.0 Total assets $ 1,096.0 $ 993.0 Liabilities and Equity Accounts…The comparative statement of financial position for Cullumber Corporation shows the following noncash current asset and liability accounts at March 31: 2018 2017 Accounts receivable $61,000 $43,000 Inventory 70,000 64,000 Accounts payable 35,000 43,000 Dividends payable 1,400 2,300 Cullumber’s income statement reported the following selected information for the year ended March 31, 2018: net income was $280,000, depreciation expense was $60,000, and a loss on the disposal of land was $18,000. Cullumber uses a perpetual inventory system. Calculate net cash provided (used) by operating activities 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).) CULLUMBER CORPORATIONStatement of Cash Flows (Partial)-Indirect Method Operating activities…
- Please help me with show all calculation thankuGeneral accountingCalculate the P/R for (WMT) as of November 14, 2017, when the company's stock price closed at $91.09.2 The company's profit for the fiscal year ending January 31, 2017, was US$13.64 billion, and its number of shares outstanding was 3.1 billion.
- The 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 December 31, 2016 Total assets $930.9 $920.1 Total liabilities 197.1 208.6 Net sales 515.7 517.4 Net income 80.7 67.2 Compute the following ratios for Tootsie Roll for 2017. (a) Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) enter the asset turnover rounded to 4 decimal places times (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) enter the return on assets in percentages rounded to 2 decimal places % (c) Profit margin on sales (Round answer to 2 decimal places, e.g. 4.87%.) enter the profit margin on sales in percentages rounded to 3 decimal places %What is the 2017 profit margin on this accounting question?Need to calculate for "THE YEAR" *2013* this ratio: •current ratio •quick ratio •cash ratio •total debt ratio •times interested ratio •fixed assets turnover ratio •inventory turnover •net profit margin •return on total assets •return on stockholders equity balance sheet 2013 assets cash 44,494,000 short term investment 4,531,000 net receivable 12,948,000 inventory ------- other current assets 1,310,000 ______________________________________ total current assets 23,283,00 long term investment 4,971,000 PPE 2,760,000 Goodwill 9,267,000 intangible assets 941,000 Accumulated amortization ------------ other assets 266,000 deferred long term assets charge ------- __________________________ total assets 41,488,000 liabilities current liabilities accounts payable 3,215,000 short/current long term debt 9,266,000 other current liabilities 158,000 ________________- total current liabilities 12,639,000 Long term debt 4,117,000 other liabilities 244,000 deferred long term liability charge 841,000…
