A corporation began the year with total assets of $125,000 and stockholders' equity of $40,000. During the year, the company reported the following: Net income, $90,000 Dividends, $20,000 Total assets at the end of the year were $215,000. How much were total liabilities at the end of the year?

A corporation began the year with total assets of $125,000 and stockholders' equity of $40,000. During the year, the company reported the following: Net income, $90,000 Dividends, $20,000 Total assets at the end of the year were $215,000. How much were total liabilities at the end of the year?

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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A firm’s balance sheets for the last two years are as follows: YEAR 20X1 Assets Liabilities and Equity Cash $ 8,000 Accounts payable $ 15,000 Accruals 13,000 Accounts receivable 9,000 Current bank note 14,000 Inventory 20,000 Long-term debt 64,000 Plant and equipment 103,000 Common stock 15,000 Retained earnings 19,000 $ 140,000 $ 140,000 YEAR 20X2 Assets Liabilities and Equity Cash $ 4,000 Accounts payable $ 10,000 Accruals 8,000 Accounts receivable 13,000 Current bank note 14,000 Inventory 20,000 Long-term debt 71,000 Plant and equipment 103,000 Common stock 17,000 Retained earnings 20,000 $ 140,000 $ 140,000 Sales in 20X1 were $225,000. Sales in 20X2 were $225,000. Based solely on the current ratio and the quick ratio, has the firm’s liquidity position deteriorated or improved? Round your answers to two decimal places.…
WD Corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals: Cash $ 42,000 Current liabilities $ 77,000 Accounts receivable 57,000 Long-term liabilities 28,000 Inventory 62,000 Common stock 102,000 Equipment 147,000 Retained earnings 101,000 Total assets $ 308,000 Total liabilities and equity $ 308,000
Using the following financial information, this firm's total debt to total capital ratio is closest to: Cash $ 10,000 Accounts payable $ 30,000 Accounts receivables 50,000 Notes payable 20,000 Inventories 150,000 Total current liabilities $ 50,000 Total current assets $210,000 Long-term debt 50,000 Net fixed assets 90,000 Common equity 200,000 Total assets $300,000 Total liabilities & equity $300,000 Question 35 options: 8% 17% 67% 26%
A corporation has $91,000 in total assets, $30, 500 in total liabilities, and a $18,600 credit balance in retained earnings. What is the balance in the contributed capital accounts? Multiple Choice $79, 100 $49, 100 $60,500 $41,900
A corporation reported net sales of $360,000, net income of $20,000, average stockholders' equity of $1,000,000, and average common shares outstanding of 10,000 . It paid $4,000 of dividends to preferred stockholders. How much was its eamings per share? $4.00 $1.60 $16.67 $2.67 $0.06
Provided that Shareholders' equity in a firm is $500. The firm owes a total of $400 of which 75 percent is payable this year. In addition credit sales to customers total 5000 of which 80 percent is due this year The firm has net fixed assets of $600. What is the amount of the net working capital?
What is the net asset value of an investment company with $10,400,000 in assets, $590,000 in current liabilities, and 1,110,000 shares outstanding? Round your answer to the nearest cent. $ ..... per share
How do I find the assets of a corporation that has liabilities of $250,000, common stock of $100,000, and retained earnings of $85,000.?
Hoya Corporation reports the following amounts: Assets = $16,400; Liabilities = $1,400; Stockholders’ equity = $15,000; Dividends = $1,400; Revenues = $13,800; and Expenses = $10,400. What amount is reported for net income?
Given the balance sheet for the Moderately Large Corporation (Table 4–4), answer the following: For each year, calculate the following ratios: current, quick, debt-to-asset, and debt-to-equity. In a written explanation, state what each ratio means. c. Compare the ratios for the 2-year period and determine if the MLC is suf-ficiently liquid. How well is the MLC managing its debt?
The balance sheet for the Capella Corporation is as follows: Assets Liabilities and Shareholders' Equity Current assets $ 300 Current liabilities $ 110 Net fixed assets 1, 200 Long-term debt 500 Shareholders' equity 890 Total assets $ 1,500 Total liabilities and shareholders' equity $ 1, 500 What is the Net Working Capital for Capella Corporation?

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