ook→intencesAssetsCurrent assetsCashAccounts receivableInventoryTotalFixed assetsNet plant and equipmentTotal assets2021a. 2021 Current ratio2022 Current ratiob. 2021 Quick ratio2022 Quick ratioc. 2021 Cash ratio2022 Cash ratioBETHESDA MINING COMPANYBalance Sheets as of December 31, 2021 and 20222022Liabilities and Owners' EquityCurrent liabilitiesAccounts payableNotes payableTotalLong-term debtOwners' equityCommon stock and paid-in surplusAccumulated retained earningsTotalTotal liabilities and owners' equity$ 52,99062,781122,559$ 238,330$ 67,08483, 139188,119$ 338,342$ 658,247$589,728$ 896,577. $ 928,070Based on the balance sheets given, calculate the following financial ratios for each year:Calculate the following financial ratios for each year:a. Current ratio.Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.b. Quick ratio.Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.c. Cash ratio.Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.d. Debt-equity ratio and equity multiplier.Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.e. Total debt ratio.Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.timestimestimestimestimestimes2021$ 189,42284,520$ 273,942$ 236,000$ 219,000167,635$ 386,635$ 896,5772022$ 197,111136,088$ 333,199$ 172,750$ 219,000203, 121$ 422, 121$928,070

Current ratio is the one of important ratio indicating the liquidity of the company and it shows how…

Answered: Assets Current assets Cash Accounts…

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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Financed by: Paid-up: Share Capital Retained Earnings Reserves Long Term Liabilities Current Other payables Trade creditors Liabilities Accrued expense Barakah Company Balance Sheet as at 31st December 2019 100,000 245,500 30,000 Additional Information: i) ii) 600,000 155,500 75,000 830,500 25,000 375,500 1,231,000 Fixed Assets (net after depreciation) $ Land & Buildings Equipment Vehicles Fixtures & Fittings Current Assets Inventory Accounts Receivable Prepayments Cash at Bank Cash in Hand Work-in-Progress is one-sixth of the total Inventory. Prepayments are related to the rental of buildings. Bad debt is 5% for the year. Non-Muslim ownership is at 20%. 350,500 200,500 150,000 50,000 751,000 Required: Determine the zakat base and due for the company using: (a) Net Current Assets method; and (b) Net Invested Fund Method. 125,000 215,000 10,000 110,000 20,000 1,231,000
Text Predictions: On ABC Inc. Balance Sheet as at December 31, 2015 and 2016 ($ thousands) Current Assets Cash Accounts Receivable Inventory Total Current Assets Fixed Assets Property, Plant & Equipment Less Accumulated Depreciation Property, Plant & Equipment, net Total Assets Liabilities and S/H Equity Current Liabilities Accounts Payable Notes Payable and short-term debt Total Current Liabilities Long-Term Debt Shareholders' Equity Common Shares Paid-In Capital Retained Earnings Total Total Liabilities and S/H Equity ABC Inc. Income Statement for 2015 and 2016 ($ thousands) Revenue Cost of Goods Sold Operating Expenses Depreciation Earnings Before Interest & Taxes (EBIT) Interest Paid Income Before Taxes (EBT) Taxes Paid Net Income (NI) Dividend Accessibility: Investigate 2015 $ 200 450 550 $1,200 2.200 (1.000) 1,200 $2,400 $ 200 0 $ 200 $ 600 300 600 700 $1,600 $2,400 2015 $1,200 700 30 220 S 250 50 $ 200 180 $ 120 $ S 2016 $ 150 425 625 $1,200 2016 $1,450 850 40 200 $360 160 $ 300…
Use the following financial statements: Balance Sheet (year-end) Assets Cash Dynamic Mattress Year-End Balance Sheet for 2020 (figures in $ millions) Marketable Securities Accounts Receivable Inventory Total current assets Fixed Assets Property, Plant and Equipment Less: Accumulated Depreciation Net Fixed Assets Total Assets Liabilities and Equity Bank Loans Accounts Payable Total Current Liabilities Long-Term Debt Shareholder's Equity Total Liability and Shareholder's Equity Dynamic Mattress Income Statement for 2020 (figures in $ millions) Sales Operating costs Depreciation Interest Pretax income Tax at 50% Net income $ 1,560.0 1,375.0 $185.0 12.5 $ 172.5 29.0 Notes: Dividends $36. Retained earnings = $35.8. $143.5 71.8 $71.8 Dynamic Mattress Statement of Cash Flows for 2020 (figures in $ millions) Sources of cash: Sold marketable securities Total sources Uses of cash: Increased bank loans Increased accounts payable Increased long-term debt Cash from operations: Net income…
Balance Sheets At December 31 2018 2017 2018 2017 Liabilities: Accounts payable 29,400 Income taxes payable 61,710 Bonds payable 56,400Total liabilities Assets: Cash Accounts receivable Merchandise inventory Long-term investments Equipment Acc. depreciation Total assets $ 24,640 $ 23,040 32,180 73,125 55,900 175,500 145,500Equity: (33,550) (31.200) Common stock $327.795 $284.850 APIC $65,000 $ 40,380 10,725 10,200 48.750 66.000 $124,475 $116,580 96,000 9,000 63.270 $203.320 $168.270 Total liabilities and equity $327.795 $284.850 117,000 13,000 73,320 Retained earnings Total equity Eddy Inc. Income Statement For Year Ended December 31, 2018 $240,000 Sales Cost of goods sold Depreciation expense Other operating expenses Interest expense Other gains (losses): Loss on sale of equipment $80,900 29,400 48,000 2,000 (160,300) (8,400) 71,300 27,650 $ 43.650 Income before taxes Income taxes expense Net income
Balance Sheet for Bearcat Hathaway, 2022 2021 2022 Cash Accounts Receivable Inventory Current Assets Accum.Depreciation Net Fixed Assets Gross Fixed Assets $16,251,665 $20,567,330 Less $7,460,897 $10,117,819 Total Assets O 11.58% O 44.90% O 8.37% $5,268,485 $10,268,485 O 4.35% $2,574,230 $2,314,672 O 6.02% $529,062 $696,685 $8,371,777 $13,279,842 Total Liabilities and Equity What is the common size value for 2022 Notes Payable? $8,790,768 $10,449,511 $17,162,545 $23,729,353 Current Liabilities 2021 Accounts Payable Notes Payable $1,033,110 $1,987,233 2022 $1,673,992 $2,438,271 $2,707,102 $4,425,504 Long Term Debt $9,242,830 $11,468,302 Total Liabilities $11,949,932 $15,893,806 Common Stock ($0.50 par) $1,300,000 $1,600,000 Capital Surplus $1,148,120 $1,800,969 Retained $2,764,493 $4,434,578 Earnings $17,162,545 $23,729,353
Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Valley Technology Balance Sheet As of March 11, 2020 (amounts in thousands) 9,700 Accounts Payable 4,500 Debt 3,800 Other Liabilities 16,400 Total Liabilities 1,700 Paid-In Capital Retained Earnings Total Equity 36,100 Total Liabilities & Equity 1,500 2,900 800 5,200 7,300 23,600 30,900 36,100 Use T-accounts to record the transactions below, which occur on March 12, 2020, close the T-accounts, and construct a balance sheet to answer the question. 1. Buy $15,000 worth of manufacturing supplies on credit 2. Issue $85,000 in stock 3. Borrow $63,000 from a bank 4. Pay $5,000 owed to a supplier 5. Receive payment of $12,000 owed by a customer What is the final amount in Total Liabilities? Please specify your answer in the same units as the balance sheet.
On January 1, 2024, the general ledger of Freedom Fireworks includes the following account balances: Accounts Cash Credit Debit $11,200 Accounts Receivable 34,000 Allowance for Uncollectible Accounts $1,800 Inventory 152,000 Land 67,300 Buildings 120,000 Accumulated Depreciation Accounts Payable 9,600 17,700 Common Stock 200,000 Retained Earnings Totals $ 384,500 155,400 $384,500 During January 2024, the following transactions occur: January 1 Borrow $100,000 from Captive Credit Corporation. The installment note bears interest at 7% annually and matures in 5 years. Payments of $1,980 are required at the end of each month for 60 months. January 4 Receive $31,000 from customers on accounts receivable. January 10 Pay cash on accounts payable, $11,000. January 15 Pay cash for salaries, $28,900. January 30 Firework sales for the month total $195,000. The cost of the units sold is $112,500. January 31 Pay the first monthly installment of $1,980 related to the $100,000 borrowed on January 1.…
The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Credits Account Title Cash Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals $ Debits 44,000 94,000 119,000 82,000 158,000 395,000 113,000 31,000 51,000 $ 29,000 119,000 44,000 84,000 39,000 345,000 6,000 390,000 31,000 $1,087,000 $1,087,000 Additional Information: 1. The $158,000 balance in the land account consists of $119,000 for the cost of land where the plant and office buildings are located. The remaining $39,000 represents the cost of land being held for speculation. 2. The $82,000 balance in the investment in equity securities account represents an investment in the…
Barakah Company Balance Sheet as at 31st December 2019 Financed by: Fixed Assets (net after depreciation) 2$ $ Paid-up: Share Capital Retained Earnings Reserves 350,500 200,500 150,000 50,000 Land & Buildings 600,000 155,500 75,000 830,500 Equipment Vehicles Fixtures & Fittings Long Term Liabilities 25,000 751,000 Current Assets 125,000 Accounts Receivable 215,000 10,000 110,000 20,000 1,231,000 Inventory Current Other payables Trade creditors Liabilities 100,000 245,500 Prepayments Cash at Bank Cash in Hand Accrued expense 30.000 375,500 1,231.000 Additional Information: i) Work-in-Progress is one sixth of the total Inventory. Prepayments is related to rental of buildings. ii) ii) Bad Debts is 5% for the year. iv) Non Muslim ownership is at 20%. Required: Determine the zakat base and due for the company using: (a) Net Current Assets method; and (b) Net Invested Fund Method.
Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Total Assets Acme Company Balance Sheet As of January 5, 2020 (amounts in thousands) 14,700 Accounts Payable 4,800 Debt 3,800 Other Liabilities 15,800 Total Liabilities 900 Paid-In Capital 2,400 3,700 5,000 11,100 6,000 Retained Earnings 22,900 Total Equity 28,900 40,000 Total Liabilities & 40,000 Equity Update the balance sheet above to reflect the transactions below, which occur on January 6, 2020 1. Receive payment of $12,000 owed by a customer 2. Buy $15,000 worth of manufacturing supplies on credit 3. Purchase equipment for $44,000 in cash 4. Issue $80,000 in stock 5. Pay $4,000 owed to a supplier 6. Borrow $58,000 from a bank 7. Buy $15,000 worth of manufacturing supplies on credit What is the final amount in Accounts Payable?
Information from the financial statements of the Heir Jordan Corporation are shown below. Prepare the pro forma financial statements and calculate EFN, assuming a 15 percent increase in sales, no new external debt or equity financing, and a constant payout ratio. Sales Costs Cash Accounts receivable Inventory Net plant and equipment Accounts payable Notes payable Long-term debt Common stock Retained earnings Dividends Net income Increase in sales Tax rate LA LA LA LA LA LA LA LA LA LA LA LA LA $ $ $ $ $ $ $ $ $ 46,000 37,600 2,950 4,100 6,400 41,300 2,400 5,400 28,000 15,000 3,950 2,880 6,552 15% 21%
Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets 2023 2024 Cash $ 24,226 $ 25,900 Accounts receivable Inventory 14,248 27,802 17,000 Notes payable 28,900 Other Total $ 66,276 $ 71,800 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Fixed assets Net plant and equipment $ 342,695 $ 364,200 Total SMOLIRA GOLF CORPORATION 2023 and 2024 Balance Sheets Liabilities and Owners' Equity Current liabilities Accounts payable 2023 $ 24,984 17,000 13,371 $ 55,355 $ 124,000 2024 $ 28,900 12,600 17,500 $ 59,000 $127,662 $ 60,000 189,338 $ 249,338 $ 60,000 169,616 $ 229,616 Total assets $ 408,971 $ 436,000 Total liabilities and owners' equity $ 408,971 $ 436,000 SMOLIRA GOLF CORPORATION 2024 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (23%) Net income $ 390,477 261,500 50,900 $ 78,077 16,100 $ 61,977 14,255 $ 47,722 Dividends…

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