This yearLast year1050AssetsCash1530Marketable securitiesAccounts receivableInventoriesTotal current assets18101220205017702900279082906830Gross fixed assets2948028090Less: Accumulated depreciation1468013140Net fixed assets1480014950Total assetsLiabilities and Stockholders' Equity2309021780Accounts payableNotes payableAccruals1560154027602160190350Total current liabilities45104050Long-term debtCommon stockRetained earningsTotal stockholders' equity5220497099509950341028101336012760Total liabilities and stockholders' equity2309021780 Income Statement DataThis yearDepreciation expenseEarnings before interest and taxes (EBIT)Interest expenseNet profits after taxes|Таx rate15402680375182121%Calculate the followingNOPATOCFFCF

NOPAT = Net Operating Income x ( 1 - Tax Rate ) Operating Cash Flow = Net Income + Non Cash…

Assets This year Last year Cash 1530 1050 Marketable securities Accounts receivable Inventories Total current assets Gross fixed assets 1810 1220 2050 1770 2900 2790 8290 6830 29480 28090 Less: Accumulated depreciation Net fixed assets 14680 13140 14800 14950 Total assets 23090 21780 Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1560 1540 2760 2160 190 350 4510 4050 5220 4970 9950 9950 3410 2810 13360 12760 23090 21780

Assets This year Last year Cash 1530 1050 Marketable securities Accounts receivable Inventories Total current assets Gross fixed assets 1810 1220 2050 1770 2900 2790 8290 6830 29480 28090 Less: Accumulated depreciation Net fixed assets 14680 13140 14800 14950 Total assets 23090 21780 Liabilities and Stockholders' Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1560 1540 2760 2160 190 350 4510 4050 5220 4970 9950 9950 3410 2810 13360 12760 23090 21780

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. Sales Balance Sheet: Liabilities Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities & equity This year $10,000 $ 2,000 $ 1,500 $ 1,400 $ 4,900 $ 2,000 $ 6,900 $ 2,000 $3,000 $ 5,000 $11,900 Sales are expected to grow by 14% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.
What would be the classified Balance Sheet for Sandpiper as of December 31, 2020? After calculations, does the ASSETS sheet and Liabilities and Stockholders' Equity balance? Accounts Payable $34,600 Accounts Receivable $35,100 Accrued Liabilities $11,500 Accumulated Depreciation $35,600 Allowance for Doubtful Accounts $900 Bonds Payable[Long-term] $80,000 Cash and Cash Equivalents $33,600 Common Stock at par $1.50 (authorized 200,000 shares, issued xxxxx? shares, and XXXX? outstanding)-CALCULATE $75,000 Cost of goods sold $204,800 Current Portion of Long-Term Debt $5,600 Discounts on Bonds Payable $2,300 Equipment and vehicles $89,100 General and administrative expenses $92,100 Intangilbles - Net $14,300 Investments in Equity Securities[long-term] $5,000 Land[not used in operations] $25,600 Land and Building $145,300 Long-Term Debt Payable [not including current portion] $40,200 Merchandise Inventory (FIFO, Lower of Cost or Market) $28,700 Notes Payable[short-term] $6,500 Notes…
What is your company’s common and preferred stock par or stated value? 2019
find the percentages
Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $506,200 $384,000 Marketable securities 586,100 432,000 Accounts and notes receivable (net) 239,700 144,000 Inventories 928,000 702,700 Prepaid expenses 478,000 449,300 Total current assets $2,738,000 $2,112,000 Current liabilities: Accounts and notes payable (short-term) $429,200 $448,000 Accrued liabilities 310,800 192,000 Total current liabilities $740,000 $640,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital $fill in the blank 1 $fill in the blank 2 2. Current ratio fill in the blank 3 fill in the blank 4…
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $308,600 $240,000 Marketable securities 357,300 270,000 Accounts and notes receivable (net) 146,100 90,000 Inventories 689,000 427,000 Prepaid expenses 355,000 273,000 Total current assets $1,856,000 $1,300,000 Current liabilities: Accounts and notes payable (short-term) $336,400 $350,000 Accrued liabilities 243,600 150,000 Total current liabilities $580,000 $500,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital $fill in the blank 1 $fill in the blank 2 2. Current ratio fill in the blank 3 fill in the blank 4 3.…
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $655,500 $520,000 Marketable securities 759,000 585,000 Accounts and notes receivable (net) 310,500 195,000 Inventories 643,500 475,800 Prepaid expenses 331,500 304,200 Total current assets $2,700,000 $2,080,000 Current liabilities: Accounts and notes payable (short-term) $435,000 $455,000 Accrued liabilities 315,000 195,000 Total current liabilities $750,000 $650,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital $fill in the blank 1 $fill in the blank 2 2. Current ratio fill in the blank 3 fill in the blank 4 3.…
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $594,300 $495,600 Marketable securities 688,200 557,600 Accounts and notes receivable (net) 281,500 185,800 Inventories 852,700 575,800 Prepaid expenses 439,300 368,200 Total current assets $2,856,000 $2,183,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $394,400 $413,000 285,600 177,000 $680,000 $590,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital 2. Current ratio 3. Quick ratio $ SA
Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $368,200 $281,600 Marketable securities 126,400 316,000 Accounts and notes receivable (net) 174,400 105,600 Inventories 639,500 402,600 Prepaid expenses 129,500 257,400 Total current $1,930,000 $1,364,000 Current liabilities: Accounts and notes payable (short-term) $295,000 $300,000 Accrued labies Total current liabilities 214,200 $510,000 132,000 $640,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 1. Working capital 2. Current ratio 3. Quick ratio b. The quidity of Nilo has result of an Current Year Previous Year from the preceding year to the current year. The working capital, current ratio, and quick ratio have all Most of these changes are the in current assets relative to current liabilities.
Miscellaneous financial information Amount Retained earnings 786 Total stockholders' equity 14, 971 Operating net working capital 28,483 Net working capital 29,102 Nonoperating current assets other than cash 347 Short-term debt 1, 126 Total current liabilities 13, 613 Total long-term liabilities 107,872 Inventory ? ? Current portion of long-term debt 561 Accounts receivable 2,052 Treasury stock -5,279 What did Madison Makeup report as long-term assets? 93,741 What did Madison Makeup report as cash? 42,368
Marshall Inc. Measures of liquidity, Salvency, and Prafitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock wii $ 61 on December 31, 20Y2. Comparative Balance Sheet Marshall in. December 31, 20Y2 and 20Y1 Comparative Retained Earnings Statement 20Υ2 20Υ1 For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets outained arnings, Janry 1 $3,089,050 $2,603,550 Current assets Net income 729,600 533,200 Cash $912,500 $815,990 Total $3,818,650 $3,136,750 Marketable securities 1,381,080 1,352,220 Dividends: On preferred stock S11,200 $11,200 Accounts receivable (net) 781,100 737,300 On common stock 36,500 36,500 Inventories 584,000 452,600 Total dividends $47,700 $47,700 Prepaid expenses 172,627 163,200 Rutained earngs, Decembir 31 $3,770,950 $3,080,050 Total current assets $3,831,307 $3,521,310 Long-term investments 1,386,498 972,249 Marshall inc. Comparative Income Statement Property, plant, and equipment (net)…
22