Assets Liabilities Stockholders' Equity (b) $177,000 $70,000 %24
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- q. 10 A company has net working capital of $687. Long term debt is $4,078, total assets are $6,201, and fixed assets are $3,948. What is the amount of total liabilities? $8,026 $6,888 $4,765 $5,514 $5,644CP 14-8Assume the following income statement and balance sheet information:Service revenue (all cash) Operating expenses Salaries (all cash) Net income$17585$90Current assets 2020 2019 Cash $1,250 $1,600 Short-term invest. 100 200 $1,350 $1,800 Liabilities Borrowings 600 1,000 Stockholders' equity Common stock 200 300 Retained earnings 550 500 750 800 $1,350 $1,800Other information: The short-term investments are riskless and will be converted to a known amount of cash in 60 days. Borrowings are non-current. No gain or loss occurred when common stock was repurchased.Required: 1. Calculate cash flow from operating activities. 2. Prepare the 2020 statement of changes in equity. 3. Calculate cash flow from financing activities. 4. (Appendix) Prepare a cash flow table. Show that cash effects net to a $450 outflow.A9
- Problem 19-4 Per-Share Ratios (LO3, CFA6) You are given the following information for Smashville, Inc. Cost of goods sold: $249,000 Investment income: $2,900 Net sales: $394,000 Operating expense: $92,000 Interest expense: $7,400 Dividends: $13,000 Tax rate: 21 % Current liabilities: $22,000 Cash: $21,000 Long-term debt: $9,000 Other assets: $37,000 Fixed assets: $139,000 Other liabilities: $5,000 Investments: $13,000 Operating assets: $49,000 During the year, Smashville, Inc., had 17,000 shares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share, earnings per share, and cash flow per share. (Do not round intermediate calculations. Round your answers to 2 decimal places.)hello, I need help pleaseQ3
- The following are the balance sheets of Ukraine Limited, Poland Limited and Russia Limited, as at the 31 December 2019. The three companies are major players in the automotive industry. Max Limited acquired 75% of the shares in Poland Limited on January 1 2017 when the reserve balances were as follows: General reserves: $24,000 and retained earnings $60 000. The acquisition of Poland Limited consisted of a deferred cash payment of $300,000 and a share exchange of 2 shares in Ukraine Limited for every 5 shares acquired in Poland Limited. The market price for a Ukraine Limited share at that date was $4.50. The transaction has not been recorded on the books. On 1 July 2019 Ukraine Limited acquired 30,000 shares in Russia Limited for cash at a price of $2.70 per share. For the year ended 31 December 2019 Russia Limited reported a profit of $64,000 (assume profit accrued evenly during the year). This transaction was recorded on the books. Balance Sheet as at 31 December 2019 Ukraine Ltd…h9Balance Sheet for Bearcat Hathaway, 2022 2021 2022 Cash Accounts. Receivable $5,268,485 $10,268,485 Inventory $529,062 $696,685 Current Assets $8,371,777 $13,279,842 Less $2,574,230 $2,314,672 Gross Fixed Assets $16,251,665 $20,567,330 Accum.Depreciation Total Assets $7,460,897 $10,117,819 Accounts Payable Notes. Payable Current Liabilities Calculate the net working capital in 2022. Long Termi Debt Total Liabilities, None of these options are correct $10,572,740 $5,664,675 $8,854,338 $3,946,273 Total $17,162,545 $23,729,353 Liabilities and Equity Capital Surplus Retained. Earnings 2021 2022 $1,673,992 $2,438,271 Common Net Fixed Assets $8,790,768 $10,449,511 Stock ($0.50 $1,300,000 $1,600,000 par) $1,033,110 $1,987,233 $2,707,102 $4,425,504 $9,242,830 $11,468,302 $11,949,932 $15,893,806 $1,148,120 $1,800,969 $2,764,493 $4,434,578 $17,162,545 $23,729,353
- Exercise 15-20 Presented below is information from the annual report of Emporia Plastics, Inc. Operating income $532,150 Bond interest expense 135,000 397,150 Income taxes 183,432 Net income $213,718 Bonds payable $1,000,000 Common stock 875,000 Retained earnings 375,000 (a) Compute the return on common stockholders’ equity and the rate of interest paid on bonds. (Assume balances for debt and equity accounts approximate averages for the year.) (Round answers to 1 decimal place, e.g. 16.8%.) Rate of return on common stock equity % Rate of interest paid on bonds payable % (b) Is Emporia Plastics, Inc. trading on the equity successfully? Yes or NoK 11 Mars Corporation reported the following information for the year ended March 31, 2021 Administrative expenses $ 15,000 Cost of goods sold 60,000 Dividends paid by Mars to its shareholders 18,000 Dividends received by Mars from investments 10,000 Error calculating cost of goods sold in 2019 (increase income) 13,000 Interest earned on available-for-sale debt securities 6,000 Unrealized gain on hedging transactions 8,000 Loss on sale of debt securities 14,000 Net Sales 150,000 Retained earnings April 1, 2020 100,000 Selling expenses 12,000 Ignoring income taxes and earnings per share, prepare an Income Statement (multi-step), Statement of Comprehensive Income…Year 2 Year 1 Total current assets $605,138 $594,023 Total investments 60,324 53,211 Total property, plant, and equipment 911,843 739,943 Total current liabilities 113,487 82,844 Total long-term liabilities 317,636 230,131 Preferred 9% stock, $100 par 96,592 96,592 Common stock, $10 par 558,112 558,112 Paid-in capital in excess of par-common stock 69,802 69,802 Retained earnings 421,676 349,696 Using the balance sheets for Kellman Company, if net income is $111,357 and interest expense is $43,625 for Year 2, what is the return on total assets for the year (round percent to two decimal points)?