A comparative balance sheet for Marin Corporation is presented as follows. December 31 Assets 2025 2024 Cash $72,900 $22,000 Accounts receivable 84,190 68,290 Inventory 182,190 191.290 Land 73,190 112,290 Equipment 262,190 202,290 Accumulated depreciation-equipment (71.190) (44.290) Total $603,470 $551,870 Liabilities and Stockholders' Equity Accounts payable $36,190 $49,290 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164.000 Retained earnings 203,280 138,580 Total $603,470 $551,870 Additional information: 1. Net income for 2025 was $129,380. No gains or losses were recorded in 2025. 2 Cash dividends of $64,680 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. (a) Prepare a statement of cash flows for 2025 for Marin Corporation. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Adjustments to reconcile net income to Marin Corporation Statement of Cash Flows

A comparative balance sheet for Marin Corporation is presented as follows. December 31 Assets 2025 2024 Cash $72,900 $22,000 Accounts receivable 84,190 68,290 Inventory 182,190 191.290 Land 73,190 112,290 Equipment 262,190 202,290 Accumulated depreciation-equipment (71.190) (44.290) Total $603,470 $551,870 Liabilities and Stockholders' Equity Accounts payable $36,190 $49,290 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164.000 Retained earnings 203,280 138,580 Total $603,470 $551,870 Additional information: 1. Net income for 2025 was $129,380. No gains or losses were recorded in 2025. 2 Cash dividends of $64,680 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. (a) Prepare a statement of cash flows for 2025 for Marin Corporation. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Adjustments to reconcile net income to Marin Corporation Statement of Cash Flows

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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Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 47,600 $ 15,400 Accounts receivable 61,600 53,200 Inventory 116,900 132,300 Land 56,000 70,000 Equipment 182,000 140,000 Accumulated depreciation-equipment (46,200 ) (22,400 ) Total $417,900 $388,500 Liabilities and Stockholders' Equity Accounts payable $ 27,300 $ 30,100 Bonds payable 105,000 140,000 Common stock ($1 par) 151,200 121,800 Retained earnings 134,400 96,600 Total $417,900 $388,500 Additional information: 1. Net income for 2022 was $65,100. 2. Depreciation expense was $23,800. 3. Cash dividends of $27,300 were declared and paid. 4. Bonds payable amounting to $35,000 were redeemed for cash $35,000. 5. Common stock was issued for $29,400 cash. 6. No equipment was sold during 2022. 7. Land was sold for its book value.
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CABOT CORPORATIONBalance SheetDecember 31 Assets Liabilities and Equity Cash $ 10,000 Accounts payable $ 19,500 Short-term investments 8,000 Accrued wages payable 3,400 Accounts receivable, net 33,600 Income taxes payable 2,900 Merchandise inventory 42,150 Long-term note payable, secured by mortgage on plant assets 66,400 Prepaid expenses 2,800 Common stock 83,000 Plant assets, net 147,300 Retained earnings 68,650 Total assets $ 243,850 Total liabilities and equity $ 243,850 Required:Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.)
Prepare an unclassified balance sheet as it would appear at December 31, 2025. (List Assets in order of liquidity Enter account name only and do not provide the descriptive information provided in the question) (c2) MARTINEZ INC. Balance Sheet Current cash debt coverage ratio Cash debt coverage ratio Assets Liabilities and Stockholders' Equity V $ Compute two cash flow ratios. (Round ratios to 2 decimal places, ex. 0.621) 1 1
5. What were total liabilities on December 31, 2021?
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