AssetsCurrent assetsCashAccounts receivableInventoryTotalTotal assetsSalesCost of goods soldDepreciationTaxable incomeTaxes (23%)Earnings before interest andtaxesInterest paidNet incomeSMOLIRA GOLF CORPORATION2021 Income StatementDividendsRetained earningsFixed assetsNet plant and equipment $465,700 $ 521,583 TotalCash, beginning of the yearOperating activities2020$35,685 $39,03228.93643,152$58,136 $111,120Net cash from operating activitiesInvestment activitiesSMOLIRA GOLF CORPORATION2020 and 2021 Balance Sheets202118,4514,000Cash, end of yearNet cash from investment activitiesFinancing activitiesNet cash from financing activitiesSMOLIRA GOLF CORPORATIONStatement of Cash FlowsFor 2021$ 523,836 $ 632,703 Total liabilities and owners' equityLiabilities and Owners' EquityCurrent liabilities$ 24,00039,144Accounts payableNotes payableOtherLong-term debtOwners' equityCommon stock and paid-in surplusAccumulated retained earningsPrepare the 2021 statement of cash flows for Smolira Golf Corp. (Negativeanswers should be indicated by a minus sign.)Total$512,954363,87846,088$ 102,98820,983$ 82,00518,861$ 63,1442021$38,992 $43,23220,30817,17521,034 25,674$80,334 $86,0812020$ 121,500$ 56,300 $ 56,300265,702 304,846$322,002$185,476$ 523,836$361,146$632,703

Statement of cash flows is one of useful financial statement being prepared in business. It shows…

Assets Current assets Cash Accounts receivable Inventory Total Total assets Sales Cost of goods sold Depreciation SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 2020 $35,685 $39,032 18,451 28,936 4,000 43,152 $58,136 $111,120 SMOLIRA GOLF CORPORATION 2021 Income Statement Taxable income Taxes (23%) Net income Earnings before interest and taxes Interest paid Dividends Retained earnings Fixed assets Net plant and equipment $465,700 $ 521,583 Total Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 24,000 39,144 Long-term debt $ 523,836 $ 632,703 Total liabilities and owners' equity Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total $ 512,954 363,878 46,088 $ 102,988 20,983 $ 82,005 18,861 $ 63,144 Prepare the 2021 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) 2020 $38,992 $43,232 20,308 21,034 $ 80,334 $ 121,500 2021 $ 322,002 $ 523,836 17,175 25,674 $86,081 $ 56,300 $56,300 265,702 304,846 $ 185,476 $361,146 $ 632,703

Assets Current assets Cash Accounts receivable Inventory Total Total assets Sales Cost of goods sold Depreciation SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 2020 $35,685 $39,032 18,451 28,936 4,000 43,152 $58,136 $111,120 SMOLIRA GOLF CORPORATION 2021 Income Statement Taxable income Taxes (23%) Net income Earnings before interest and taxes Interest paid Dividends Retained earnings Fixed assets Net plant and equipment $465,700 $ 521,583 Total Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 24,000 39,144 Long-term debt $ 523,836 $ 632,703 Total liabilities and owners' equity Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total $ 512,954 363,878 46,088 $ 102,988 20,983 $ 82,005 18,861 $ 63,144 Prepare the 2021 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) 2020 $38,992 $43,232 20,308 21,034 $ 80,334 $ 121,500 2021 $ 322,002 $ 523,836 17,175 25,674 $86,081 $ 56,300 $56,300 265,702 304,846 $ 185,476 $361,146 $ 632,703

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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Flint Corp. Statement of Financial Position For the Year Ended December 31, 2023 Current assets Cash (net of bank overdraft of $40,000 ) $450,000 Accounts receivable (net) Inventory at the lower of cost and net realizable value FV-NI investments (at cost-fair value $320,000 ) Property, plant, and equipment Buildings (net) 590,000 Equipment (net) 190,000 Land held for future use ,265,000 Intangible assets Goodwill Investment in bonds to collect cash flows, at amortized cost 100,000 Prepaid expenses Current liabilities Accounts payable 365,000 Notes payable (due next year) Pension obligation Rent payable 505,000 511,000 340,000 265,000 Long-term liabilities Bonds payable 681,000 Shareholders' equity Common shares, unlimited authorized, 380,000 issued 380,000 Contributed surplus 210,000 Retained earnings
Use the below information to answer the following question. Sales Cost of goods sold Depreciation Income Statement For the Year Taxable income Taxes Earnings before interest $4,500 and taxes Interest paid Net income Dividends $900 Balance Sheet End-of-Year Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Accounts payable Long-term debt Common stock ($1 par value) Retained earnings O O O O Total Liab. & Equity 33 percent 40 percent 50 percent $28,400 60 percent 21,200 2,700 67 percent 850 $3,650 1,400 $2,250 $550 2,450 4,700 $7,700 What was the retention ratio? 16,900 $24,600 $ 2,700 9,800 8,000 4,100 $24,600
Calculate total debt ratio and long term debt ratio for each year.
Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes SMOLIRA GOLF, INCORPORATED 2022 Income Statement Net income Dividends Retained earnings 2021 Short-term solvency ratios a. Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio Profitability ratios I. Profit margin m. Return on assets n. Return on equity $3,061 4,742 12,578 $ 20,381 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 52,746 $ 73,127 2021 $ 188,370 126, 703 5,283 $ 56,384…
Madsen Company reported the following information for :2020 Sales revenue Cost of goods sold Operating expenses O dividends 220,000 Unrealized holding gain on available-for-sale debt securities 180,000 Cash O $420,000 $2,040,000 1,400,000 $128,000 For 2020, Madsen would report other comprehensive income of 8,000 .a .b
Sales Revenue Less: Cost of Goods Sold Gross Profits Less: Operating Expenses Operating Profits Less: Interest Expense Net Profits Before Taxes Less: Taxes (40%) Net Profits After Taxes Assets Cash Income Statement Pulp, Paper and Paperboard, Inc. For the Year Ended December 31, 2019 Accounts receivable Inventories Total current assets Gross fixed assets Less: Accumulated depreciation Net fixed assets Total assets Liabilities and stockholders' equity Current liabilities Balance Sheet Pulp, Paper and Paperboard, Inc. December 31, 2019 Accounts payable Notes payable Accruals Total current liabilities Long-term debts Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Calculate the following: NP, GP $2,080,976 1,701,000 $ 379,976 273,846 $ 106,130 19,296 S 86,834 34,810 S 52,024 Current Ratio - Quick Ratio Receivable days - Payable days $ 95,000 237,000 243.000 $ 575,000 500,000 75.000 $ 425,000…
what is the net fixed assets for zooey corporation on 2020 what is the total assets for zooey corpoartions in 2020 what is the long term debt for zooey corpoartion in 2020 help me answer this thank you
The Murdock Corporation reported the following balance sheet data for 2021 and 2020: 2021 2020 Cash $ 77,375 $ 22,955 Available-for-sale debt securities (not cash equivalents) 15,500 85,000 Accounts receivable 80,000 68,250 Inventory 165,000 145,000 Prepaid insurance 1,500 2,000 Land, buildings, and equipment 1,250,000 1,125,000 Accumulated depreciation (610,000 ) (572,000 ) Total assets $ 979,375 $ 876,205 Accounts payable $ 76,340 $ 148,670 Salaries payable 20,000 24,500 Notes payable (current) 25,000 75,000 Bonds payable 200,000 0 Common stock 300,000 300,000 Retained earnings 358,035 328,035 Total liabilities and shareholders' equity $ 979,375 $ 876,205 Additional information for 2021:(1) Sold available-for-sale debt securities costing $69,500 for $74,000.(2) Equipment costing $20,000 with a book value of…
To supplement your retirement, you estimate that you need to accumulate $290,000 exactly 41 years from today. You plan to make equal, end-of-year deposits into an account paying 8% annual interest. a. How large must the annual deposits be to create the $290,000 fund by the end of 41 years? b. If you can afford to deposit only $800 per year into the account, how much will you have accumulated in 41 years?
Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total Total assets Fixed assets Net plant and equipment $336,695 Sales Cost of goods sold Depreciation Taxable income Taxes (22%) Net income SMOLIRA GOLF CORPORATION 2021 Income Statement Earnings before interest and taxes Interest paid Dividends Retained earnings a. Current ratio b. Quick ratio c. Cash ratio Short-term solvency ratios: Asset utilization ratios: d. Total asset turnover e. Inventory tumover 1. Receivables turnover 2020 $23,066 $25,300 13,648 16,400 27,152 28,300 $63,866 $70,000 g. Total debt ratio h. Debt-equity ratio I. Equity multiplier Long-term solvency ratios: Times Interest emned K Cash coverage ratio Profitability ratios: SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 $ 400,561 $ 434,000 1. Profit margin m. Return on assels n. Return on equity $ 364,000 $ 22,000 19,891 Find the following financial ratios for Smolira Golf…
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