Based on the information below of FDNACCT Co., how much should be recorded as total assets in the Statement of Financial Position? Long-term Payable Notes Payable Property, Plant and Equipment Accounts Receivable Accounts Payable Accumulated Depreciation Cash Unearned Income Notes Receivable Prepaid Insurance Accrued Expense Accrued Revenue P500,000 120,000 821,000 59,000 65,000 133,000 75,000 15,345 248,000 58,700 37,890 159,840

Based on the information below of FDNACCT Co., how much should be recorded as total assets in the Statement of Financial Position? Long-term Payable Notes Payable Property, Plant and Equipment Accounts Receivable Accounts Payable Accumulated Depreciation Cash Unearned Income Notes Receivable Prepaid Insurance Accrued Expense Accrued Revenue P500,000 120,000 821,000 59,000 65,000 133,000 75,000 15,345 248,000 58,700 37,890 159,840

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following information applies to the questions displayed below.] Simon Company's yearend balance sheets follow. Current 2 31 Assets Cash Accounts receivable , Merchandise inventory Prepaid expenses ? assets , Total assets Liabilities and Equity Bccounts payable Long-term payable secured by mortgages on plast assets Common stock, $ 10 par value earnings Total Isabilities and equity $ 31,224 89,900 115,000 10,055 277, 807 $523.985 $ 37,266 62,200 50,400 84,000 57,000 4,141 259,433 223,893 $ 451,712 372, 701 $ 131,777$ 77,103 $ 99,494 162,500 130.215 $523.986 104, 5 83,190 162,500 162,500 107.176 77.322 $ , 712 372, 70
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Prepare a balance sheet in report form as of December 31, 20Y8
Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term debt Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 par value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 48,844 51,713 22,926 4,106 35,230 162,819 105,341 37,378 32,978 $ 338,516 $ 46,236 43,700 5,522 10,260 105,718 91,807 50,503 248,028 1 45,173 45,314 90,488 $ 338,516
se the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $26,495 Accounts receivable 64,133 Accrued liabilities 6,993 Cash 21,465 Intangible assets 40,744 Inventory 89,481 Long-term investments 112,445 Long-term liabilities 70,738 Notes payable (short-term) 25,963 Property, plant, and equipment 664,167 Prepaid expenses 1,026 Temporary investments 30,035 Based on the data for Harding Company, what is the quick ratio (rounded to one decimal place)?
Examine the balance sheet of commercial banks in the following table. $ Billion % Total 201.2 28.9 230.1 Assets Real assets Equipment and premises Other real estate Total real assets Financial assets Cash Investment securities Loans and leases Other financial assets Total financial assets Other assets Intangible assets Other Total other assets Total $ Ratio of real assets to total assets $ $ 876.3 2,032.1 6,627.3 1,201.2 $10,736.9 $ 416.4 780.7 $ 1,197.1 $12,164.1 1.7% 0.2 1.9% 7.2% 16.7 54.5 9.9 88.3% 3.4% 6.4 9.8% 100.0% Liabilities Deposits Liabilities and Net Worth Debt and other borrowed funds Federal funds and repurchase agreements Other Total liabilities Net worth Balance sheet of FDIC-insured commercial banks and savings institutions Note: Column sums may differ from total because of rounding error. Source: Federal Deposit Insurance Corporation, www.fdic.gov, October 2018. a. What is the ratio of real assets to total assets? (Round your answer to 4 decimal places.) $ Billion %…
Selected data from the comparative statements of financial position of Granger Ltd. are shown below: Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets Total assets Cash Accounts receivable Inventory 2024 Property, plant, and equipment $152,000 606,000 783,000 3,144,000 92,000 2023 $177,000 400,000 595,000 2,793,000 98,000 $4,777,000 $4,063,000 2024 Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2022 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) % % % 2022 % $75,000 453,000 706,000 2,863,000 0 $4,097,000 2023 % % % % 2022
Question Content Area Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $31,654 Accounts receivable 69,987 Accrued liabilities 6,524 Cash 16,364 Intangible assets 38,210 Inventory 80,832 Long-term investments 90,451 Long-term liabilities 73,398 Notes payable (short-term) 26,425 Property, plant, and equipment 659,739 Prepaid expenses 1,697 Temporary investments 38,252 Based on the data for Harding Company, what is the amount of quick assets?
Is the debt primarily short-term or long-term? Why?
What's the total asset turnover ratio of this company? Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity (1 million shares of common stock outstanding) Total liabilities and owner's equity Net sales (all credit) Less: Cost of goods sold Selling and administrative expense Depreciation expense Interest expense Earnings before taxes Income taxes Net income 1.41 2.33 O 4.45 1.11 8,000,000 (2,075,000) $600,000 900,000 1,500,000 75,000 $3,075,000 $5,925.000 $9,000,000 $800,000 700,000 50,000 $1,550,000 2,500,000 4,950,000 $9,000,000 $10,000,000 (3,000,000) (2,000,000) (250,000) (200,000) 4,550,000 (1,820,000) $2,730,000
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Required: a. What is the ratio of real assets to total assets? (Hint: for this question, only include those listed under "Real assets") b. What is the ratio of real assets to total assets for nonfinancial firms in the following table? Assets Real assets Equipment and intellectual property Real estate Inventories Total real assets Financial assets Deposits and cash Marketable securities Required A $ Billion $ 8,345 14,423 2,724 $ 25,492 Required B $ 2,333 4,059 4,075 14,005 $ 24,472 $ 49,964 % Total 16.7% 28.9 5.5 51.0% 4.7% 8.1 8.2 28.0 49.0% 100.0% Liabilities and Net Worth Liabilities Debt securities Bank loans & mortgages Other loans Trade debt Other Total liabilities Complete this question by entering your answers in the tabs below. Net worth $ Billion Trade and consumer credit Other Total financial assets TOTAL Balance sheet of U.S. nonfinancial corporations Note: Column sums may differ from total because of rounding error. Source: Flow of Funds Accounts of the United States,…