At the beginning of the year, Morales Company had total assets of $865,000 and total liabilities of $528,000. (Treat each item independently.) (a) If total assets increased $180,000 during the year and total liabilities decreased $82,000, what is the amount of stockholders' equity at the end of the year? (b) During the year, total liabilities increased $101,000 and stockholders' equity decreased $72,000. What is the amount of total assets at the end of the year? (c) If total assets decreased $87,000 and stockholders' equity increased $117,000 during the year, what is the amount of total liabilities at the end of the year?

At the beginning of the year, Morales Company had total assets of $865,000 and total liabilities of $528,000. (Treat each item independently.) (a) If total assets increased $180,000 during the year and total liabilities decreased $82,000, what is the amount of stockholders' equity at the end of the year? (b) During the year, total liabilities increased $101,000 and stockholders' equity decreased $72,000. What is the amount of total assets at the end of the year? (c) If total assets decreased $87,000 and stockholders' equity increased $117,000 during the year, what is the amount of total liabilities at the end of the year?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Refer to the information for Juroe Company on the previous page. Also, assume that Juroes total assets at the beginning of last year equaled 17,350,000 and that the tax rate applicable to Juroe is 40%. Required: Note: Round answers to two decimal places. 1. Calculate the average total assets. 2. Calculate the return on assets.
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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
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