1.A comparative balance sheet for Marin Corporation is presented as follows.2.3.Assets(a)CashAccounts receivableInventoryLandQuestion 4 of 5EquipmentAccumulated depreciation-equipmentTotalAdditional information:Liabilities and Stockholders' EquityAccounts payableBonds payableCommon stock ($1 par)Retained earningsAccounts payableBonds payableCommon stock ($1 par)Retained earningsTotal<2025$72,74083,220December 31181,22072,220261,220$35,220150,000214,000201,180(70,220)(43,480)$600,400 $549,440150,000214,000201,1802024$600,400$ 22,00067,480190,480111,480$35,220 $48,480201,480$48,480200,000164,000136,960200,000164,000136,960$549,440Net income for 2025 was $127,440. No gains or losses were recorded in 2025.Cash dividends of $63,220 were declared and paid.Bonds payable amounting to $50,000 were retired through issuance of common stock. (b)Determine Marin Corporation's current cash debt coverage, cash debt coverage, and free cash flow. (Round current cash debtcoverage and cash debt coverage to 2 decimal places., e.g. 0.67:1. Show amount that decrease cash flow with either a-sign e.g.-15,000 orin parenthesis e.g. (15,000).)Current cash debt coverageCash debt coverageFree cash flowComment on its liquidity and financial flexibility.Marin has excellent liquidity. Its financial flexibility is55inicalwuces.:1:1good

Question a:- Preparation of statement of cash flow. Question b:-Calculation of Marin…

A comparative balance sheet for Marin Corporation is presented as follows. Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings December 31 2025 $72,740 83,220 181,220 72,220 261,220 2024 201,480 (70,220) (43,480) $600,400 $549,440 150,000 214,000 $22,000 67,480 190,480 201 180 111,480 $35,220 $48,480 200,000 164,000 136.960

A comparative balance sheet for Marin Corporation is presented as follows. Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings December 31 2025 $72,740 83,220 181,220 72,220 261,220 2024 201,480 (70,220) (43,480) $600,400 $549,440 150,000 214,000 $22,000 67,480 190,480 201 180 111,480 $35,220 $48,480 200,000 164,000 136.960

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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