Net cash flows from operating activities were:Multiple ChoiceOOOO$15,700.$41,050.$20,700.$41,400. Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow:CashAccounts receivable (net)Merchandise inventoryBuildings and equipment (net)TrademarkTotalsAccounts payableNotes payable, long-termNoncontrolling interestCommon stock, $10 parRetained earnings (deficit)TotalsAdditional Information for Fiscal Year 20212021$ 19,50042,200106,550101,400105,000$ 374,650$91,2002020$ 19,95022,00049,750121,000126,000$ 338,700$ 70,50026,10067,70059,500200,000200,00015,750(17,400)$ 374,650 $ 338,7000• Iverson and Oakley's consolidated net income was $56,750.Oakley paid $7,000 in dividends during the year. Iverson paid $14,000 in dividends.• Oakley sold $15,900 worth of merchandise to Iverson during the year.• There were no purchases or sales of long-term assets during the year.

CASH FLOW STATEMENTCash flow statement is additional information to user of financial statement.…

ash ccounts receivable (net) erchandise inventory uildings and equipment (net) ademark Totals counts payable otes payable, long-term Oncontrolling interest. ommon stock, $10 par etained earnings (deficit) Totals 19,500 42,200 106,550 101,400 105,000 $ 374,650 $ 91,200 0 67,700 200,000 15,750 $ 374,650 19,950 22,000 49,750 121,000 126,000 $ 338,700 $ 70,500 26,100 59,500 200,000 (17,400) $ 338,700

ash ccounts receivable (net) erchandise inventory uildings and equipment (net) ademark Totals counts payable otes payable, long-term Oncontrolling interest. ommon stock, $10 par etained earnings (deficit) Totals 19,500 42,200 106,550 101,400 105,000 $ 374,650 $ 91,200 0 67,700 200,000 15,750 $ 374,650 19,950 22,000 49,750 121,000 126,000 $ 338,700 $ 70,500 26,100 59,500 200,000 (17,400) $ 338,700

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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Question

Net cash flows from operating activities were:
Multiple Choice
O
O
O
O
$15,700.
$41,050.
$20,700.
$41,400.

Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow:
Cash
Accounts receivable (net)
Merchandise inventory
Buildings and equipment (net)
Trademark
Totals
Accounts payable
Notes payable, long-term
Noncontrolling interest
Common stock, $10 par
Retained earnings (deficit)
Totals
Additional Information for Fiscal Year 2021
2021
$ 19,500
42,200
106,550
101,400
105,000
$ 374,650
$
91,200
2020
$ 19,950
22,000
49,750
121,000
126,000
$ 338,700
$ 70,500
26,100
67,700
59,500
200,000
200,000
15,750
(17,400)
$ 374,650 $ 338,700
0
• Iverson and Oakley's consolidated net income was $56,750.
Oakley paid $7,000 in dividends during the year. Iverson paid $14,000 in dividends.
• Oakley sold $15,900 worth of merchandise to Iverson during the year.
• There were no purchases or sales of long-term assets during the year.

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Miscellaneous financial information Amount Retained earnings 786 Total stockholders' equity 14, 971 Operating net working capital 28,483 Net working capital 29,102 Nonoperating current assets other than cash 347 Short-term debt 1, 126 Total current liabilities 13, 613 Total long-term liabilities 107,872 Inventory ? ? Current portion of long-term debt 561 Accounts receivable 2,052 Treasury stock -5,279 What did Madison Makeup report as long-term assets? 93,741 What did Madison Makeup report as cash? 42,368
Cash Accounts receivable Inventory Land Building Accumulated depreciation Total Accounts payable Common stock ($5 par) Retained earnings Total (a) (b) (c) (d) (e) FLOUNDER CORPORATION Balance Sheets December 31 (f) (h) (i) (1) Current ratio Inventory turnover Days in inventory Profit margin Average collection period Asset turnover Return on assets 2022 $12,000 Flounder's 2022 income statement included net sales of $117,000, cost of goods sold of $77,000, and net income of $28,500. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to O decimal places, eg 18 or 25% and all other answers to 2 decimal places, e.g. 1.83. Use 365 days for calculation.) Earnings per share Accounts receivables turnover Payout ratio 17,900 12,700 33,700 75,700 (16,700) Debt to total assets ratio 135,300 19.000 73,500 42,800 135,300 Return on common stockholders' equity 2021 $5,600 26,100 9,700 29,700 75,700 (13,700) 133,100…
5
Sales Depreciation COGS Interest Cash Accts Receivables Notes Payable L ong-term debt Net fixed assets Accounts Payable Inventory Dividend payout Tax rate 2020 21. What is the ROE for 2021? $5,300 $5,900 750 850 2400 180 200 200 800 1500 3000 250 700 2021 2900 196 500 22. What is the Inventory period in 2021? 400 550 1950 3500 400 900 30% 35% 30% 20. What is the cash flow from operating activities?
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Cash Accounts Receivable, Net Inventory Property, Plant and Equipment, net Total Assets Accounts Payable Mortgage Payable Common Stock, par $5 Retained Earnings Total Liabilities and Owners' Equity Sales for the year Cost of Goods Sold Net Income for the year 2021 25 65 50 140 280 50 100 90 40 280 4. Calculate the earnings per share. Show work. A. $3.00 B. $4.00 $100 C. $2.00 D. $2.50 50 36 2. Using horizontal analysis, what is the change in inventory? A. 35% increase B. 35% decrease C. 25% increase D. 25% decrease Using the information above, answer the following questions. 1. Using vertical analysis, what percentage is Mortgage Payable for year 2021? Show work. A. 34.23% B. 35.71% C. 40% D. 36.71% 3. Calculate the Accounts Receivable Turnover. Show work A. 1.6 times B. 1.6% C. 1.8 times D. 1.8% 2020 30 60 40 155 285 60 110 90 25 285
earnings. Cash Accounts Receivable (net) Inventory Investments Net income Increase (Decrease) $69,570 53,800 $ 130,500 (47,390) Accounts Payable Bonds Payable Common Stock Paid-In Capital in Excess of Par-Common Stock Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $26,900 which was paid in the current year. Increase (Decrease) $(51,240) 83,080 131,900 15,920
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Vipul b
Rakesh
Date Accounts Debit Credit Cash 145,000 a. Accounts Receivable 145,000 b. Selling and Administrative Expenses 32,000 Cash 32,000 Accounts Payable 39,000 C. Cash 39,000 d. Raw Materials Inventory 28,200 Accounts Payable 28,200 Work-in-Process Inventory Manufacturing Overhead 8,850 e. 1,200 Raw Materials Inventory 10,050 Work-in-Process Inventory Manufacturing Overhead f. 20,600 18,400 Wages Payable 39,000 Wages Payable 38,700 g. Cash 38,700 h. Manufacturing Overhead 2,500 Accumulated Depreciation 2,500 Work-in-Process Inventory 16,480 i. Manufacturing Overhead 16,480 j. Finished Goods Inventory 47,430 Work-in-Process Inventory 47,430 k. Accounts Receivable 104,000 Sales Revenue 104,000 k. Cost of Goods Sold 47,430 Finished Goods Inventory 47,430 L. Cost of Goods Sold 5,620 Manufacturing Overhead 5,620

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