ASSETS 2020 2019 ASSETS 2020 2019 29,000 25,000 116,000 100,000 145,000 125,000 290,000 250,000 362,000 350,000 130,000 100,000 232,000 250,000 ASH AND MARKETABLE SECURITIES CCOUNTS RECEIVABLE NVENTORIES CURRENT ASSETS GROSS PLANT AND EQUIPMENT LESS: ACCUMULATED DEPRECIATION NET FIXED ASSETS TOTAL ASSETS 522000 500.000
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- Calculate the asset efficiency - receivables, inventory, fixed asset and total asset turnover ratios54. Statement of Financial Position 2021 2022 2023 Assets Current Assets Cash and cash equivalents 20,000,000 30,000,000 40,000,000 Accounts receivable 5,000,000 20,000,000 60,000,000 Land classified as inventory 40,000,000 38,000,000 80,000,000 Total Current Assets P 65,000,000 P 88,000,000 180,000,000 Non-Current Office Building 10,000,000 12,000,000 15,000,000 Land (where office is situated) 100,000,000 100,000,000 100,000,000 Total Non-Current Assets 110,000,000 112,000,000 115,000,000 Liabilities 55,000,000 55,000,000 80,000,000 Stockholder’s Equity 120,000,000 145,000,000 215,000,000 Statement of Comprehensive Income 2021 2022 2023 Gross sales P 6,000,000 P 20,000,000 P 35,000,000 Cost of sales 2,000,000 10,000,000 20,000,000 Expenses 3,850,000 5,000,000 5,000,000 Net income…SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…
- King Limited Statement of Financial Position at 31 December 2020 2019 %24 Current Assets Cash %24 104,000 360,000 180,000 260,000 Accounts receivable Inventory Prepayments Total current assets 400,000 50.000 390.000 460.000 30000 954,000 Non-Current Assets Land Plant and eqguipment Accumulated depreciation - Plant and equipment Total non-current assets 1,500,000 1400,000 (500.000) 1,200,000 1,000,000 (400,000) 2400000 3,354,000 1800.000 2,690,000 Total assets Current Liabilities Accounts payable Accrued expenses Income taxes payable Total current liabilities 260,000 136,000 180,000 576,000 296,000 126,000 220.000 642.000 Non-Current Liabilities Long-term bank loan payable Total llabilities 700,000 1,276,000 600,000 1.242.000 Common Stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity B00,000 648,000 1448.000 2.690.000 1100,000 978,000 2.078,000 3,354.000 King Limited Statement of Profit or Loss For Year Ended 31 December 2020 Sales revenue Cost…What is the net book value of assetQuantitative Problem: Rosnan Industries' 2022 and 2021 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an operating asset. Balance Sheets: 2022 2021 Cash and equivalents $ 100 $ 85 Accounts receivable 275 200 Inventories 375 250 Total current assets $ 750 $ 535 Net plant and equipment 2,300 1,590 Total assets $ 3,050 $ 2,125 Accounts payable $ 150 $ 85 Accruals 75 50 Notes payable 150 75 Total current liabilities $ 375 $ 210 Long-term debt 450 290 Common stock 1,225 1,225 Retained earnings 1,000 400 Total common equity $ 2,225 $ 1,625 Total liabilities and equity $ 3,050 $ 2,125 Income Statements: 2022 2021 Sales $ 2,285 $ 1,585 Operating costs excluding depreciation 1,250 1,000 EBITDA $ 1,035 $ 585…
- WHAT IS THE TOTAL NON CURRENT ASSETS 2021?PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash $ 155,100 74,800 87,000 2,400 171,800 88,000 72,800 1,200 Accounts receivable Inventory Prepaid rent Long-term assets: Land 440,000 732,00ө (406, ө00) $1,085,300 440, ө0ө 630,000 252,000) $1,151,800 Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: 91,000 6,900 6,400 $ 77,800 13,800 4, 200 115,000 230,000 Common stock 660,000 206,000 $1,085,300 660,000 166,000 $1,151,800 Retained earnings Total liabilities and stockholders' equity Additional Information for 2021: 1. Net income is $61,000. 2. The company purchases $102,000 in equipment. 3. Depreciation expense is $154,000. 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $21,000. %24 %24 %24What is National Co.’s net operating working capital for 2022?
- 42. Statement of Financial Position 2021 2022 2023 Assets Current Assets Cash and cash equivalents 20,000,000 30,000,000 40,000,000 Accounts receivable 5,000,000 20,000,000 60,000,000 Land classified as inventory 40,000,000 38,000,000 80,000,000 Total Current Assets P 65,000,000 P 88,000,000 180,000,000 Non-Current Office Building 10,000,000 12,000,000 15,000,000 Land (where office is situated) 100,000,000 100,000,000 100,000,000 Total Non-Current Assets 110,000,000 112,000,000 115,000,000 Liabilities 55,000,000 55,000,000 80,000,000 Stockholder’s Equity 120,000,000 145,000,000 215,000,000 Statement of Comprehensive Income 2021 2022 2023 Gross sales P 6,000,000 P 20,000,000 P 35,000,000 Cost of sales 2,000,000 10,000,000 20,000,000 Expenses 3,850,000 5,000,000 5,000,000 Net income…SME Balance Sheet 2021 2020 Assets (in millions) Cash 85.960 56.460 Receivables 89.560 80.670 Inventories 55.750 41.260 Other Current Assets 9.950 6.760 Total Current Assets 241.220 185.150 Net Property, Plant, and Equipment 78.970 68.930 Goodwill and Other Intangible Assets 103.110 104.360 Other Non-Current Assets 6.900 4.200 Total Assets 430.200 362.640 Total Liabilities and Shareholders' Equity Payables 83.240 57.48 Current Debt 2.700 2.64 Total Current Liabilities 85.940 60.120 Long-Term Debt 122.000 119.62 Other Liabilities 21.880 22.58 Total Liabilities 229.820 202.320 Common Stock 200.380 160.32 Total Equity 200.38 160.32 Total Liabilities and Equity 430.200 362.640 INCOME STATEMENT 2021 Total Revenue (M) 488.10…1.Presented below are the financial statements of KJ Electronics KJ Electronics Inc. Comparative Balance Sheets September 30 Assets 2021 2020 Current Assets Cash $92000 $42980 Short Term Investments 29500 22500 Accounts Receivable 56900 22300 Inventory 102,300 90220 Long Term Assets Long term Investments 96,300 103000 Equipment 198,000 215000 Accumulated depreciation- equipment (50000) (48000) Total $525,000 $448,000 Current Liabilities Accounts Payable $85,300 $30200 Accrued Expenses payable 26700 15000 Long Term Liabilities Bonds Payable 97,300 79,570 Stockholders’ Equity Common Stock 150,000 165500 Retained Earnings 165,700 157,730 Total $525,000 $448,000 KJ Electronics Inc. Income Statement For the Year Ended September 30, 2021 Sales Revenue Less: Sales Returns and Allowances Net…