Coastal's balance sheet for a recent year revealed the following information Current assets Noncurrent assets Noncurrent liabilities $ 820,000 550,000 320,000 480,000 Stockholders' equity Required: Determine the amount of working capital reported in the balance sheet. Working capital
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- The summarized balance sheet of WIPRO Itd forthe year ended 31/03/2020 and 31/03/2021 are given below. Prepare funds flow statement. Liabilities Equity share capital General Reserve Pro fit&loss a/c Sundry Creditor Provision for Tax 2020 5,00,000 2,00,000 40,000 1,58,000 45,000 2021 Assets 2020 2021 Land & Building 6,00,000 2,20,000 1,32,000 1,72,000 30,000 1,80,000 Plant and Machinery 2,10,000 80,000 2,00,000 1,70,000 1,03,000 9,43,000 3,00,000 2,76,000 95,000 1,90,000 1,95,000 98,000 11,54,000 Other fixed Assets Stock Debtors Cash at bank Total 9,43,000 The following adjustment the company faces during the year. 11,54,000 Total Dividend Rs. 30,000 was paid during the year. An old machinery costing 1,20.000 was sold for 1,00,000 and the depreciation Rs 50,000.The following information is available for J Ltd. for the year ended 2021: Net working capital Long-term debt Total assets Fixed assets Calculate the amount of the total liabilities. $6,880 $4,970 $2,480 $460 $4,970 $8,390 $5,910 $6,990Assume an investee has the following financial statement information for the three years ending December 31, 2022: (At December 31) Current assets Tangible fixed assets Intangible assets Total assets Current liabilities Noncurrent liabilities Common stock Additional paid-in capital Retained earnings Stockholders' equity 2022 2021 $182,400 $177,600 $132,480 424,000 368,000 360,320 2020 25,600 28,800 32,000 $632,000 $574,400 $524,800 $76,800 $70,400 $64,000 170,400 155,200 140,800 64,000 64,000 64,000 64,000 64,000 64,000 256,000 220,800 192,000 384,000 348,800 320,000 Total liabilities and equity $631,200 $574,400 $524,800 (For the years ended December 31) Revenues Expenses Net income Dividends 2022 2021 2020 $620,800 $588,800 $544,000 560,000 537,600 496,000 $60,800 $51,200 $48,000 $25,600 $22,400 $16,000 Assume that on January 1, 2020, an investor company purchased 100% of the outstanding voting common stock of the investee. On the date of the acquisition, the investee's identifiable…
- List the amount of Current Assets and Current Liabilities for the currently reported year, and for the previous year. Use these amounts to calculate the company's working capital and current ratio.AccountUsing the following balance sheet, calculate net working capital: Cash Marketable Securities Accounts receivable Inventory Current assets Net fixed assets Total assets Select one: O A. $60.00 O B. $40.00 O C. $10.00 O D. $90.00 $10 Accounts payable 30 Accruals 50 Notes payable 40 Current liabilities $130 Long-term debt 100 Common equity Retained earnings $230 Total liab. & equity $20 20 50 $90 0 30 50 $230
- Provide balance sheet data ?please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)Sonic Corporation recorded current assets of $345,200 and current liabilities of $318,650 for year 2020. Compute for Sonic's working capital for the year. Select one: a. $663,850 b. $26,550 O C. 92% d. 1.08
- Presented below is the balance sheet of Pina Corporation for the current year, 2020. PINA CORPORATIONBALANCE SHEETDECEMBER 31, 2020 Current assets $ 486,360 Current liabilities $ 381,360 Investments 641,360 Long-term liabilities 1,001,360 Property, plant, and equipment 1,721,360 Stockholders’ equity 1,771,360 Intangible assets 305,000 $3,154,080 $3,154,080 The following information is presented. 1. The current assets section includes cash $151,360, accounts receivable $171,360 less $11,360 for allowance for doubtful accounts, inventories $181,360, and unearned rent revenue $6,360. Inventory is stated on the lower-of-FIFO-cost-or-net realizable value. 2. The investments section includes the cash surrender value of a life insurance contract $41,360; investments in common stock, short-term $81,360 and long-term $271,360; and bond sinking fund $247,280. The cost and fair value of investments in common stock are the same.…hat is the amount of Target’s total liabilities at the end of FY2023 and FY 2022 (Hint: use the Statement of FinancialPosition)?b. What percentage of Target's assets was being financed withliabilities at the end of FY 2023 and FY 2022 versus thepercentage of assets financed with shareholders' equity (Hint:use the Statement of Financial Position)?c. Comment on the change in total liabilities in $ amounts and asa percentage of total assets between 2022 and 2023. Is this apositive or negative and why?d. What is the amount of debt and interest rate for Target’slongest term debt Due 2049-2053 as of the end of FY 2023(Hint: use the chart in the Long Term Debt footnote 16)?e. Target reported Accrued and Other Current Liabilities of $6,090 as of the end of FY 2023. What was the largestUsing the following Balance Sheet summary information, for the two years presented calculate the working capital for 2018 and 2019 respectively: Current Assets 12/31/2018 is $101,600/ 12/31/2019 is $97,350 current liabilities 12/31/2018 is $33,650/ 12/31/2019 is $32,800
