(b) Assets $177,000 Liabilities Stockholders' Equity $70,000 +A
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Q: Assets Liabilities Stockholders' Equity (b) $177,000 $70,000 %24
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![(b)
Assets
$177,000
Liabilities Stockholders' Equity
$70,000
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- Here is financial information for Sage Hill Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2022 $110,200 402,200 101,200 126,200 134,200 150,800 December 31, 2021 $92,200 354,200 2022 69,200 92,200 119.200 165,800 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%) Round percentages to 1 decimal place, e.g. 12.1%) SAGE HILL INC. Condensed Balance Sheet December 31 2021 Increase or (Decrease) Amount PercentageTotal assets are $1,500,000 and stockholders’ equity is $900,000. What is the debtto-equity ratio?a. 0.33b. 0.50c. 0.60d. 0.67Explain the data provided.
- 53. If the liabilities of the entity are 1/3 of the total assets, assuming the equity balance is 60,000. How much is the total liabilities? 90,000 180,000 60,000 30,000PROBLEM 8:Tomas Co. has the following balance sheet as of December 31, 2021.Current assets 180,000.00Fixed assets 120,000.00Total assets 300,000.00Accounts payable 40,000.00Accrued liabilities 20,000.00Notes payable 50,000.00Other Long-term debt 75,000.00Total Equity 115,000.00Total liabilities and equity 300,000.00 In 2021, Tomas Co. reported sales of P1,500,0000, net income of P30,000, and dividends of P18,000. The company expected its sales to increase by 20% by next year and its retention ratio will remain at 40%. Assume that Tomas Co. is operating at full capacity and it uses the AFN approach in determining the amount of external financing needed.How much is the sales for 2022? Using Problem 8, how much is the increase in retained earnings for the purpose of computing the AFN? Using Problem 8, how much external funds needed for the year 2022?Heer
- Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Inventory 12,500Total Assets in 2021 110,000Current Liabilities 40,000Total Assets in 2020 90,000Net Profit 12,000Shareholders' Equity 65,000 Select one:a. 0.12b. 0.10c. 0.18d. 0.13Compare and explain the data presented.A. Using the following information at December 31, 2020 Capital 1,000,000 Equipment 1,500,000 Inventory 300,000 Accounts Receivable 200,000 Accounts Payal Payable 300,000 Net Income 800,000 Cash 100,000 1. What is the balance of total Assets on December 31, 2020 2. What is the balance of Share Capital on December 31, 2020
- Assuming a business entity has a total asset of 25,000,000 its total liabilities is 1/3 of the said amount. How much is the equity? 16,000,000,00 16,666,666.67 13,333,333.33 13,000,000.00reported finanical information: Assets $45,800 Liabilities 17,220 common stock 27,460 dividends 6,500 revenues 8,850 Expenses ? net income or net loss???????Current Attempt in Progress Here is financial information for Sunland Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2022 $124,600 394,272 89,568 127,977 166,656 134,671 December 31, 2021 $100,000 333,000 72,000 87,000 112,000 162,000 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.)
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