**MY Company Financial Statement Completion Exercise**Date: December 31, 2018 (Dollars in thousands)---**Assets:**- **Cash:** $95- **Receivables:** $575- **Inventories:** $822- **Prepaid Expenses:** [Select]- **Total Current Assets:** [Select]- **Plant Assets:** [Select]- **Other Assets:** $2,800- **Total Assets:** $8,400**Liabilities and Equity:**- **Total Current Liabilities:** $1,700- **Long-Term Debt:** [Select]- **Other Long-Term Liabilities:** $810- **Share Capital:** $183- **Retained Earnings:** $2,645- **Total Liabilities and Equity:** [Select]---Use the following data to complete MY Company's Balance Sheet:- **Debt Ratio:** 0.6- **Current Ratio:** 1.2---**Instructions:**1. Calculate and fill in the missing components of the balance sheet by selecting the appropriate values based on the provided data: - Calculate the "Prepaid Expenses," "Total Current Assets," "Plant Assets," "Long-Term Debt," and "Total Liabilities and Equity."2. Verify that the sum of liabilities and equity equals the total assets.

Cash Receivables Inventories Total current assets Prepaid [Select] expenses Plant assets Other assets . Total assets $95 575 822 [ Select] [Select] 2,800 $8,400 (Dollars in thousands) < < Total current $1,700 liabilities Long- term debt Other long- term liabilities Share capital Total liabilities [ Select] and equity 810 Retained 2.645 earnings 183 [ Select] Use the following data to complete MY Company's Balance Sheet. Debt Ratio is 0.6 >

Cash Receivables Inventories Total current assets Prepaid [Select] expenses Plant assets Other assets . Total assets $95 575 822 [ Select] [Select] 2,800 $8,400 (Dollars in thousands) < < Total current $1,700 liabilities Long- term debt Other long- term liabilities Share capital Total liabilities [ Select] and equity 810 Retained 2.645 earnings 183 [ Select] Use the following data to complete MY Company's Balance Sheet. Debt Ratio is 0.6 >

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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A6
What are the spontaneous liabilities on this balance sheet? Cash $ 174.90 $ 201.14 Accounts receivable $ 741.80 $ 853.07 Inventory $ 1,366.40 $ 1,571.36 Other current assets $ 174.10 $ 200.22 Total current assets $ 2,457.20 $ 2,825.78 Net plant and equipment $ 1,266.40 $ 1,456.36 Other long-term assets $ 76.30 $ 87.75 Total assets $ 3,799.90 $ 4,369.89 Accounts payable $ 192.80 $ 221.72 Accrued expenses $ 348.90 $ 401.24 Short-term debt $…
Assets: Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities and equity: Accounts payable Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total common equity Total liabilities and equity $ $ $ $ $ $ $ 2015 200,000 864,000 2,000,000 3,064,000 6,000,000 9,064,000 1,400,000 1,600,000 3,000,000 2,400,000 3,000,000 664,000 3,664,000 9,064,000 2014 170,000 700,000 1,400,000 $2,270,000 5,600,000 $7,870,000 $ $1,090,000 1,800,000 $2,890,000 2,400,000 2,000,000 580,00 $2,580,000 $7,870,000 If a firm has EBIT = 1,350,000 and 40% Tax rate, calculate Free Cash Flow.
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Given the data in the following table, accounts receivable in 2023 was…
6
Use the following table: Case X Case Y Case Z Cash $ 940 $ 1,470 $ 1,940 Short-term investments 0 0 780 Receivables 0 1,690 1,360 Inventory 3,400 1,560 6,520 Prepaid expenses 2,600 1,020 1,460 Total current assets $ 6,940 $ 5,740 $ 12,060 Current liabilities $ 3,600 $ 1,800 $ 5,750 Required:Calculate the quick ratio in each of the above cases and select the case which is in the best position to meet short-term obligations most easily. (Round your answers to 2 decimal places.)
What is the financial performance summary for this balance sheet? BALANCE SHEET INCOME STATEMENT ($ in millions) ($ in millions) ASSETS LIABILITIES Revenue 28,681.10 Cash & Marketable Securities 449.90 Accounts Payable 1,611.20 Cost Of Goods Sold 20,768.80 Accounts Receivable 954.80 Salaries Payable 225.20 Gross Profit 7,912.30 Inventories 3,645.20 Other Current Liabilities 1,118.80 Other Current Assets 116.60 Total Current Liabilities 2,955.20 Operating Expenses: Total Current Assets 5,166.50 Selling, General & Admin. 5,980.80 Other Liabilities 693.40 Depreciation 307.30 Machinery & Equipment 1,688.90 Operating income 1,624.20 Land 1,129.70 Total Liabilities 3,648.60 Buildings 2,348.40 Interest - Depreciation (575.60) SHAREHOLDER'S EQUITY Other Expense (Income) (13.10) Property, Plant & Equip. - Net…
Which of the following statements is TRUE about Verizon's financial statements? verizon Consolidated Balance Sheets (In millions of dollars) As of As of Dec 31, 2020 $ 22,171 Dec 31, 2019 $ 2,594 ASSETS Cash and cash equivalents Accounts receivable 23,917 25,429 Inventories 1,796 1,422 Prepaid expenses and other current assets 6,710 8,028 Total current assets 54,594 37,473 Property and equipment, net Intangible assets Other long-term assets 94,833 91,915 152,814 151,640 10,699 $ 291,727 14,240 Total assets $ 316,481 LIABILITIES & EQUITY Debt maturing within one year $ 5,889 $ 10,777 Accounts payable and accrued liabilities 20,658 21,806 Other current liabilities 13,113 12,285 Total current liabilities 39,660 44,868 Long-term debt 123,173 100,712 Other long-term liabilities 84,376 83,312 Total liabilities 247,209 228,892 Common stock and additional paid in capital 13,833 13,858 Retained earnings 60,464 53,147 Accumulated other comprehensive income (5,025) (4,170) Total shareholders'…
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This is all supposed to be done in excel using formulas.
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?