At the beginning of the year, Keller Company's liabilities equal $60,000. During the year, assets increase by $80,000, and at year-end assets equal $180,000. Liabilities decrease by $10,000 during the year. What are the beginning and ending amounts of equity?
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- What does the company report for the following accounts for the most current fiscal year: Enter your answer in millions. Total Assets: 70,581 Total Liabilities: 67,282 Long-Term debt: 35,822 Other long-term liabilities: 8,294 Operating Income: 18,278 Interest expense: 1,347 2. The company projects the following for the next fiscal year: • Total assets will increase by 5%.• Total liabilities will increase by 6%.• Long-term debt and interest expense will increase by 7%.• Operating income will increase by $750 million. a. Total assets: 74,100 b Total liabilities: 71,319 c. Long-term debt: 38,330 d. operating income: 19,028 e. Interest expense: Provide the next year’s forecasted balances for the above accounts. Round your answer to the nearest million. 1. Compute the forecasted debt to equity ratio for the next fiscal year. Round your answer to two decimal places. 2. Compute the forecasted long-term debt to equity ratio for the next fiscal year. Round your answer to two decimal…In 2021, Noble Tech Inc. reported that the company's Return on Assets (ROA) was 10%, and its net profit margin was 6%. Calculate the company's total asset turnover (round your answer to two decimal places).Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.
- What is the taxable income?Subject : Accounting On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Borrowed $117,200 for nine years. Will pay $7,100 interest at the end of each year and repay the $117,200 at the end of the 9th year. Established a plant remodeling fund of $491,650 to be available at the end of Year 10. A single sum that will grow to $491,650 will be deposited on January 1 of this year. Agreed to pay a severance package to a discharged employee. The company will pay $76,100 at the end of the first year, $113,600 at the end of the second year, and $151,100 at the end of the third year. Purchased a $175,500 machine on January 1 of this year for $35,100 cash. A five-year note is signed for the balance. The note will be paid in five equal year-end payments starting on December 31 of this year. Required: 1. In transaction (a),…Laiho Industries^ 2018 and 2019 bal ance sheets (in thousands of dollars) are shown. a. Sales for 2019 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depre ciation and amortization were 18% of net fixed assets, interest was $8,583,000, the cor porate tax rate was 25%, and Laiho pays 47.25% of its net income as dividends. Given this information, construct the firm's 2019 income statement.b. Construct the statement of stockholders' equity for the year ending December 31,2019, and the 2019 statement of cash flows.c. Calculate 2018 and 2019 net operating working capital NOWC) and 2019 free cash flow (FCF). Assume the firm has no excess cash.d. If Laiho increased its dividend payout ratio, what effect would this have on corporate taxes paid? What effect would this have on taxes paid by the company's shareholders?e. Assume that the firm's after-tax cost of capital is 10.5%. What is the firm's 2019 EVA?f. Assume that the firm's stock price is $22 per share…
- Zack Corp. had the following information for 2019: Sales $500,000Operating income 50,000Operating assets 200,000Imputed interest rate 10% What amount of residual income did Zack have?In a recent year, Crane Corporation reported net income of $205800, interest expense of $47000, and income tax expense of $95000. What was Crane's times interest earned for the year? 6.4 O 5.4 O 7.4 O 4.4During the current year, Stern Company had pretax accounting income of $45 million. Stern's only temporary difference for the year was rent received in advance, which corresponds to the rent for the following year in the amount of $15 million. Stern's taxable income for the year would be: A) $30 million. B) $60 million. C) $50 million. D) $45 million. O A O O O
- The 2021 Balance Sheet of Eighty-Five Ltd. show a total of $100,000 in current assets, which is made up of $35,000 (cash), $15,000 (marketable securities), $20,000 (net receivables) and inventories (that make up the difference). If the company’s current liabilities for the year is $55,000, what is its quick ratio? 1.273. 0.780. 1.000. 1.875.JT Engineering’s current asset information for all four quarters of 2020 is shown below. JT maintained a constant $250,000 of current liabilities throughout the year. Based on the current ratio, in which quarter was JT least liquid? CURRENT ASSETS Q1 Q2 Q3 Q4 Cash $10,000 $8,500 $9,200 $9,000 Short-term Investments 72,000 75,000 69,000 70,000 Accounts Receivable 66,000 61,500 64,300 65,000 Inventory 110,000 112,000 112,000 111,500 Prepaid Expenses 20,000 21,500 20,100 21,400 TOTAL CURRENT ASSETS $278,000 $278,500 276,600 276,900 a.) Q3 b.) Q1 c.) Q4 d.) Q2An amount of $1400 was invested for 71 months, maturing to $2177.36. What annually compounded rate was earned?
