Casello Services Inc.'s year-end 2024 balance sheet lists the following: Current assets: $500,000 Fixed assets: $700,000 Current liabilities: $450,000 Long-term debt: $400,000 Calculate Casello Services Inc.'s total stockholders' equity.
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What is the total stockholder's equity for this general accounting question?
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- Finney Corporation has the following data as of December 31, 2018: Compute the debt to equity ratio at December 31,2018. Total Current Liabilities $36,210 Total Stockholders' Equity $ ? Total Current Assets 32,670 Other Assets 33,500 Long-term Liabilities 204,970 Property, Plant, and Equipment, Net 330,610Casello Mowing & Landscaping's year-end 2021 balance sheet lists current assets of $437,100, fixed assets of $552,900, current liabilities of $418,500, and long-term debt of $318,300. Calculate Casello's total stockholders' equity. (Enter your answer in dollars. Round your answer to the nearest dollar amount.) Total stockholders' equityWhat is Evergreen's total stockholder's equity on these general accounting question?
- Selected balance sheet accounts for Tibbetts Company on September 30, 2019. are as follows: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses $ 48,000 87,000 129,000 135, 000 21,000 Total current assetS $420,000 Accounts payable Other accrued liabilities $147,000 33,000 60,000 Short-term debt Total current liabilities $240,000 Required: a. Calculate the working capital, current ratio, and acid-test ratio for Tibbetts Company as of September 30. 2019 b. Summarized here are the transactions/events that took place during the fiscal year ended September 30, 2020. Prepare Journal entries for the below transactions and Indicate the effect of each item on Tibbetts Company's working capital, current ratio, and acid-test ratio. Use + for Increase, - for decrease, and (NE) for no effect. 1. Credit sales for the year amounted to $360,000. The cost of goods sold was $234.000 2 Collected accounts recelvable, $378,000. 3. Purchased inventory on account, $252,000. 4.…GM has the following balances at Dec31,2021: Operating Assets $ 1,200,000 Financial Assets 800,000 Operating Liabilities 200,000 Financial liabilities 1,400,000 Operating Income 200,000 Tax Rate % 40 Net Income 110,000 Preferred Stock dividends 10,000 Required: Calculate the following (use 2021 ending balances only): Return on Net Operating Assets – RNOA Return on Common Equity – ROCE Justify and analyze your findings in required (1)The 2024 income statement of Adrian Express reports sales of $21,110,000, cost of goods sold of $12,700,000, and net income of $2,060,000. Balance sheet information is provided in the following table. Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders' equity Industry averages for the following ratios are as follows: Gross profit ratio Return on assets Profit margin Asset turnover Return on equity ADRIAN EXPRESS Balance Sheets December 31, 2024 and 2023 Gross profit ratio Return on assets 45% 25% 15% Profit margin Asset turnover Return on equity 2.5 Ratios 35% times Required 1 Required 2 Calculate the five ratios listed above for Adrian Express. Note: Round your answers to 1 decimal place. Complete this question by entering your answers in the tabs below. Required: 1. Calculate the five ratios listed above for…
- A company has the following selected data ($ in millions): 2021 2020 Balance sheet data Total assets $ 3,500 $ 2,150 Total liabilities 1,650 1,000 Total stockholders' equity 1,850 1,150 Income statement data Sales $ 890 Interest expense 70 Tax expense 36 Net income 100 Based on these amounts, calculate the following ratios for the company in 2021: (Round your answers to 2 decimal places.) 1- debt to equity ratio: ______ 2-return on assets ratio: _____% 3- times interest earned ratio: _____timesJust Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets Current assets Cash Accounts receivable Inventory Total Total assets 2020 Net plant and equipment $240,750 $310,600 a. Current ratio b. Quick ratio c. Cash ratio d. NWC ratio e. Debt-equity ratio e. Equity multiplier f. Total debt ratio f. Long-term debt ratio $8,850 $14,200 15,750 23,000 34,650 52,200 $ 59,250 $89,400 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 300,000 400,000 2020 times times times % times times times times Liabilities and Owners' Equity Current liabilities 2021 Accounts payable Notes payable Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the quick ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate the cash ratio for…Here is financial information for Sheridan Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings Assets Current assets Plant assets (net) Total assets December 31, 2022 Liabilities $123,000 395,300 89,279 130,592 166,959 131,470 2022 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%.) $123,000 December 31, 2021 395,300 $100,000 335,000 73,000 88,000 117,000 157,000 2021 SHERIDAN INC. Condensed Balance Sheets December 31 $100,000 335,000 $518,300 $435,000 Increase or (Decrease) Amount Percentage % % %
- The 2024 Income statement of Adrian Express reports sales of $19,510,000, cost of goods sold of $12,300,000, and net Income of $1,740,000. Balance sheet Information is provided in the following table. Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Industry averages for the following four risk ratios are as follows: Gross profit ratio Return on assets Profit margin Asset turnover Return on equity ADRIAN EXPRESS Balance Sheets December 31, 2024 and 2023 45% 25% 15% Gross profit ratio Return on assets 2.5 Profit margin Asset turnover Return on equity 35% times 37.0 % 20.3 % Complete this question by entering your answers in the tabs below. 2024 8.9 % 2.3 times %6 2023 $720,000 1,625,000 2,035,000 1,525,000 4,920,000 4,350,000 $9,300,000 $7,860,000 Required: 1. Calculate the five profitability…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. 0.13Given the data in the following table, the entry for Inventories on the 2023 common-sized balance sheet was %.