Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Balance Sheet 2,800,000 Less: accum. depr.(1,087,500) Net fixed assets Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity Total liabilities and owner's equity 2) Debt ratio. Income Statement $400,000 Net sales (all credit) 1,415,000 Less: Cost of goods sold Selling and administrative 1,847,500 expense 24,000 Depreciation expense 3,686,500 Interest expense Earnings before taxes Income taxes 1.712.500 Net income $5,399,000 $600,000 875,000 92,000 $1,567,000 900,000 2,932,000 $5,399,000 Based on the information in the above table, calculate the following ratios. 1) Current ratio. $6,375,000 (4,375,000) (1,000,000) (135,000) (100,000) $765,000 (306,000) $459,000

Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Balance Sheet 2,800,000 Less: accum. depr.(1,087,500) Net fixed assets Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity Total liabilities and owner's equity 2) Debt ratio. Income Statement $400,000 Net sales (all credit) 1,415,000 Less: Cost of goods sold Selling and administrative 1,847,500 expense 24,000 Depreciation expense 3,686,500 Interest expense Earnings before taxes Income taxes 1.712.500 Net income $5,399,000 $600,000 875,000 92,000 $1,567,000 900,000 2,932,000 $5,399,000 Based on the information in the above table, calculate the following ratios. 1) Current ratio. $6,375,000 (4,375,000) (1,000,000) (135,000) (100,000) $765,000 (306,000) $459,000

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Description: Assets:Cash and marketable securitiesAccounts receivableInventoriesPrepaid expensesTotal current assetsFixed assetsBalance Sheet2,800,000Less: accum. depr.(1,087,500)Net fixed assetsTotal assetsLiabilities:Accounts payableNotes payableAccrued taxesT

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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The list of assets, equity and liability to be filled. Assets Amount (RO) Land and Building Plant and Equipment Furniture and Fitting Inventories Accounts and other receivables Cash Bank 43,789 11,571 11,571 Interest Expenses Taxes 35,097 62,796 40,875 160,531 Equity & Liabilities Equity Share Capital Bonds Payable Accounts Payable Outstanding Expenses Short Term Bank Borrowing The list of Income Statement items is given below. Sales Cost of goods sold General and Administrative Expenses Selling and Marketing Expenses Depreciation Expenses Amount (RO) 165,588 87028 18,469 18,861 6,144 Amount (RO) 78,560 5,591 Additional Information: 1. Dividend paid by the company in the year 2022 is RO 30,277 2. The face value of each share is RO 0.196 3. The market price of shares at end 2022 is Ro 318,685,485.58 162,59 5 34,465 10,58 0 183,36 3 54578 You are required to calculate - Earnings per share, Interest cover, Dividend cover, Price/Earnings ratio, Gross Profit Margin Ratio, Operating profit…
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What is the financial performance summary for this balance sheet? BALANCE SHEET INCOME STATEMENT ($ in millions) ($ in millions) ASSETS LIABILITIES Revenue 28,681.10 Cash & Marketable Securities 449.90 Accounts Payable 1,611.20 Cost Of Goods Sold 20,768.80 Accounts Receivable 954.80 Salaries Payable 225.20 Gross Profit 7,912.30 Inventories 3,645.20 Other Current Liabilities 1,118.80 Other Current Assets 116.60 Total Current Liabilities 2,955.20 Operating Expenses: Total Current Assets 5,166.50 Selling, General & Admin. 5,980.80 Other Liabilities 693.40 Depreciation 307.30 Machinery & Equipment 1,688.90 Operating income 1,624.20 Land 1,129.70 Total Liabilities 3,648.60 Buildings 2,348.40 Interest - Depreciation (575.60) SHAREHOLDER'S EQUITY Other Expense (Income) (13.10) Property, Plant & Equip. - Net…
14 BALANCE SHEET 15 ASSETS 16 Cash and marketable securities 17 Accounts receivable O 0.27 O 1.37 A 3.68 18 Inventory 19 Current assets 20 Land, buildings, plant, and equipment 21 Accumulated depreciation 22 Net fixed assets 23 Total assets 24 LIABILITIES AND EQUITIES 25 Short-term bank loans 26 Accounts payable 27 Accruals 28 Current liabilities 29 Long-term debt 30 Common stock 31 Retained earnings 32 Total equity 33 Total liabilities and equity 34 Current Ratio Based on the balance sheet shown above, what is the current ratio at C34 cell for the current ratio in 2015? Onone of the answers is correct. 3.16 B 2016 C 2015 $37,974 $154,550 10,000 6,000 250,000 135,000 $297,974 $295,550 $250,000 $125,000 50,000 25,000 $200,000 $100,000 $497,974 $395,550 $70,000 $72,500 9,999 5,253 3,666 2,550 $83,665 $80,303 $233,500 $135,500 $160,000 $160,000 20,810 19,747 $180,810 $179,747 $497,974 $395,550 ?
(Related to Checkpoint 4.2) (Capital structure analysis) The liabilities and owners' equity for Campbell Industries is found here: E a. What percentage of the firm's assets does the firm finance using debt (liabilities)? b. If Campbell were to purchase a new warehouse for $1.1 million and finance it entirely with long-term debt, what would be the firm's new debt ratio? a. What percentage of the firm's assets does the firm finance using debt (liabilities)? The fraction of the firm's assets that the firm finances using debt is %. (Round to one decimal place.)
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Calculate net debt. Cash and cash equivalents Short term borrowings Long term borrowings Commercial paper (liability) Capital / finance lease Accounts receivable Total liabilities Inventory Select one: 2,108.0 2,103.0 2,025.0 14,132.0 3,176.0 419.0 2,883.0 331.0 1,651.0 83.0 17,308.0 5.0
Find the below: Cash ratio Inventory turnover EPS Total asset turnover Debt ratio Debt-to-equity ratio Times interest earned ROI Net profit margin ROE Market price/Book value P/E BALANCE SHEET ASSETS LIABILITIES & STOCKHOLDERS EQUITY Cash $ 1,500 Accounts payable $12,500 Marketable securities 2,500 Notes payable 12,500 Accounts receivable 15,000 Total current liabilities $25,000 Inventory 33,000 Long-term debt 22,000 Total current assets…
Problem 2 You are the controller for 21" Century Technologies. Your staff has prepared an income statement for the current year and has developed the following additional information by analyzing changes in the company's balance sheet accounts. 21 Century Technologies Income Statement For the year ended December 31, 2009 Revenue: Net Sales Interest Revenue Gain on sales of marketable securities Costs and expenses: Costs of goods sold Operating expenses (including depreciation of $225 000) Interest expense Income tax expense Loss on sales of plant assets Net Income 4,800,000 60,000 $1,000 2,430,000 1,860,000 63,000 150,000 18,000 390,000 Additional information: 1. Accounts receivable increased by $90 000 2. Accrued interest receivable decreased by $3 000 3. Inventory decreased by $90 000 and accounts payable to suppliers of merchandise decreased by $24 000 4. Short-term prepayments of operating expenses increased by $9 000 and accrued liabilities for operating expenses decreased by $12…
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BALANCE SHEET INCOME STATEMENT ($ in millions) ($ in millions) ASSETS Cash & Marketable Securities LIABILITIES Revenue Cost Of Goods Sold 28,681. 10 Accounts Payable Salaries Payable 449.90 1,611.20 20,768.80 Accounts Receivable 954.80 225.20 Gross Profit 7.912.30 Inventories 3,645.20 Other Current Liabilities 1,118.80 Operating Expenses: Selling, General & Admin. Depreciation Operating income Other Current Assets Total Current Assets 116.60 5,166.50 Total Current Liabilities 2,955.20 5,980.80 Other Liabilities 693.40 307.30 1,688.90 1,129.70 2,348.40 (575.60) Machinery & Equipment Land 1,624.20 Total Liabilities 3,648.60 Buildings Depreciation Property, Plant & Equip. - Net Other Long Term Assets Total Long-Term Assets Interest SHAREHOLDER'S EQUITY Other Expense (Income) (13.10) 4,591.40 120.90 828.50 5.401.70 1,637.30 618.10 1,019.20 Common Stock Income Before Taxes Retained Earnings Total Shareholder's Equity Income Taxes 4,712.30 6,230.20 Net Income Total Assets 9,878.80 Total…