Cash Accounts receivable Investments Plant assets (net) Land 1. 2. During 2025, the following occurred. 3. 4. 5. 6. 7. Blue Inc. Balance Sheet December 31, 2024 $23,380 Accounts payable 24,580 Bonds payable 32,000 Common stock 84,380 Retained earnings (c) 43,380 $207,720 $ 33,380 44,380 103,380 26,580 $207,720 Blue liquidated its available-for-sale debt investment portfolio at a loss of $8,380. A tract of land was purchased for $41,380. An additional $30,000 in common stock was issued at par. Dividends totaling $13,380 were declared and paid to stockholders. Net income for 2025 was $38,380, including $15,380 in depreciation expense. Land was purchased through the issuance of $33,380 in additional bonds. At December 31, 2025, Cash was $73,580, Accounts Receivable was $45,380, and Accounts Payable was $43,380. Compute Blue's free cash flow and current cash debt coverage for 2025. (Round current cash debt coverage to 2 decimal places, e.g. 0.62:1. Show amount that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000).)

Cash Accounts receivable Investments Plant assets (net) Land 1. 2. During 2025, the following occurred. 3. 4. 5. 6. 7. Blue Inc. Balance Sheet December 31, 2024 $23,380 Accounts payable 24,580 Bonds payable 32,000 Common stock 84,380 Retained earnings (c) 43,380 $207,720 $ 33,380 44,380 103,380 26,580 $207,720 Blue liquidated its available-for-sale debt investment portfolio at a loss of $8,380. A tract of land was purchased for $41,380. An additional $30,000 in common stock was issued at par. Dividends totaling $13,380 were declared and paid to stockholders. Net income for 2025 was $38,380, including $15,380 in depreciation expense. Land was purchased through the issuance of $33,380 in additional bonds. At December 31, 2025, Cash was $73,580, Accounts Receivable was $45,380, and Accounts Payable was $43,380. Compute Blue's free cash flow and current cash debt coverage for 2025. (Round current cash debt coverage to 2 decimal places, e.g. 0.62:1. Show amount that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000).)

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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perience p....pptm ^ Type here to search w X # 3 E Coronado Company's condensed financial statements provide the following information. C Cash Accounts receivable (net) Short-term investments Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Total assets Current liabilities ACC341-2022-Ho....xlsx $ 4 Bonds payable R F % 5 O CORONADO COMPANY BALANCE SHEET T At O+ 6 V B ▶ music 2.jpeg n H & 7 Dec. 31, 2020 $52,100 197,700 80,800 442,700 3,000 $776,300 849,900 $1,626,200 237,700 401,800 U 20 8 J Dec. 31, 2019 $60,200 O 80,800 39,600 N M 360,200 $547,700 849,900 $1,397,600 6,900 155,700 ( 401,800 9 W K F11 ) O 0 888 P Home End C Rair Inse
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