A firm reported wages expense of $607 million and cash paid for wages of $578 million. What was the change in wages payable for the period?
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A firm reported wages expense of $607 million and cash paid for wages of $578 million. What was the change in wages payable for the period?
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- Assume that a company had an accounts payable balance of $50 million at the end of the prior year and a balance in accounts payable of $57 million at the end of the current year. Inventory at the end of the current year is $130 million and Cost of Goods Sold for the current year is $544 million. What is accounts payable turnover for the current year? Round your answer to the nearest whole number (i.e., no decimal places).a companys income before interest expense and income taxes is 175,000 and its inerest expense is 65,000. its time interest earned ratio is?The average days of account payable?
- What is the amount of working capital and the current ratio at the end of this year? What is the acid - test ratio at the end of this year? What is the accounts receivable turnover and the average collection period? What is the inventory turnover and the average sale period? What is the company's operating cycle? What is the total asset turnover? What is the times interest earned ratio? What is the debt-to-equity ratio at the end of this year? Markus Company's common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Balance Beginning Balance Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Sales (all on account) Cost of goods sold Gross margin Net operating income Interest…What is the value of current liabilities?What is company bs net income?
- What is company B's net income for this financial accounting question?Suppose that Blake Companys total pretax difference from a change to FIFO was 100,000 and the company pays a bonus of 5% of its income before income taxes and bonus to employees. If Blake pays an additional bonus | based on the change in income, would it recognize any expense? If so, when and how much?X-1 Corp's total assets at the end of last year were $440,000 and its EBIT was $55,000. What was its basic earning power (BEP) ratio?