Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. • Last year, J&H Corp. reported a book value of $300,000 in current assets, of which 35% is cash, 37% is short-term investments, andthe rest is accounts receivable and inventory.The company reported $255,000 of current liabilities including accounts payable and accruals. Interestingly, the company had nonotes payable outstanding, and there were no changes in the company's accounts payable during the year.• The company, however, invested heavily in plant and equipment to support its operations. It reported a book value of $480,000 for itsoperating long-term assets last year.Income Statement For the Year Ended on December 31Net salesOperating costs, except depreciation and amortizationDepreciation and amortizationTotal operating costsOperating income (or EBIT)Less: Interest expenseEarnings before taxes (EBT)Less: Taxes (40%)Net incomeJ&H Corp. Industry Average$37,000,00029,600,0001,480,00031,080,000$5,920,000592,000$5,328,0002,131,200$3,196,800$46,250,00037,000,0001,850,00038,850,000$7,400,0001,110,000$6,290,0002,516,000$3,774,000 Based on the information given to him, Jeffery submits a report on January 1 with some important calculations for management to use, both foranalysis and to devise an action plan.Complete the following statements in his report. If your answer is negative, use the minus sign.ItranscriptStatement #1: J&H Corp.'s NOPAT is $Statement #2: The company has $Statement #3: J&H Corp. has $Statement #4: J&H Corp.'s totalin operating long-term assets, is equal to $which isin operating assets and $in noncash charges, and a net cash flow of $than the industry average of $Iin operating liabilities.which consists of its net operating working capital and its total investment

NOPAT is the difference between Net Operating Income (EBIT) and Tax. Operating assets mean assets…

Based on the information given to him, Jeffery submits a report on January 1 with some important calculations for management to use, both for analysis and to devise an action plan. Complete the following statements in his report. If your answer is negative, use the minus sign. Itranscript Statement #1: J&H Corp.'s NOPAT is $ Statement #2: The company has Statement #3: J&H Corp. has Statement #4: J&H Corp.'s total in operating long-term assets, is equal to than the industry average of $ which is in operating assets and $ in noncash charges, and a net cash flow of $ in operating liabilities. , which consists of its net operating working capital and its total investment

Based on the information given to him, Jeffery submits a report on January 1 with some important calculations for management to use, both for analysis and to devise an action plan. Complete the following statements in his report. If your answer is negative, use the minus sign. Itranscript Statement #1: J&H Corp.'s NOPAT is $ Statement #2: The company has Statement #3: J&H Corp. has Statement #4: J&H Corp.'s total in operating long-term assets, is equal to than the industry average of $ which is in operating assets and $ in noncash charges, and a net cash flow of $ in operating liabilities. , which consists of its net operating working capital and its total investment

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 3CP: At the end of 20-3, Martel Co. had 410,000 in Accounts Receivable and a credit balance of 300 in...

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During the second year of operations. Shark Company found itself in financial difficulties. The entity decided to use the accounts receivable as a means of obtaining cash to continue operations. On July 1, 2016, the entity sold P 1,500,000 of accounts receivable for cash proceeds od P1,390,000. No bad debt allowance was associated with these accounts. On December 15, 2016, the entity assigned the remainder of its accounts receivable, P5,000,000 as of that date, as collateral on a P2,500,000, 12% annual interest rate loan from Finance Company. The entity received P2,500,000 less a 2% finance charge. None of the assigned accounts had been collected by the end of the year. It is estimated that 10 % of accounts receivable would be uncollectible. The entity revealed the following data on December 31, 2016: Accounts receivable, excluding factored and assigned accounts 1,000,000 Accounts receivable assigned…
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