Common shares Retained earnings Total 100,000 (a) 40,000 $160,000 74,200 16,200 $100,400 Net income of $37,200 was reported and dividends of $13,400 were declared and paid in 2023. New equipment was purchased, and equipment with a carrying value of $4,300 (cost of $11,600 and accumulated depreciation of $7,300) was sold for $7,900. Calculate the current ratio and debt to total assets ratio as at December 31, 2022 and 2023. Calculate the free cash flow for December 31, 2023. (Round answers to 2 decimal places, e.g. 52.75. Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)

Common shares Retained earnings Total 100,000 (a) 40,000 $160,000 74,200 16,200 $100,400 Net income of $37,200 was reported and dividends of $13,400 were declared and paid in 2023. New equipment was purchased, and equipment with a carrying value of $4,300 (cost of $11,600 and accumulated depreciation of $7,300) was sold for $7,900. Calculate the current ratio and debt to total assets ratio as at December 31, 2022 and 2023. Calculate the free cash flow for December 31, 2023. (Round answers to 2 decimal places, e.g. 52.75. Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Ni.8
Please answer all questions with explanations thx
Market Value Capital Structure Suppose the Schoof Company has this book value balance sheet: Current assets Fixed assets Total assets $30,000,000 70,000,000 $100,000,000 Current liabilities $20,000,000 Notes payable 10,000,000 Long-term debt 30,000,000 Common stock (1 million shares) Retained earnings 1,000,000 Total liabilities and equity 39,000,000 $100,000,000 The notes payable are to banks, and the interest rate on this debt is 8%, the same as the rate on new bank loans. These bank loans are not used for seasonal financing but instead are part of the company's permanent capital structure. The long-term debt consists of 30,000 bonds, each with a par value of $1,000, an annual coupon interest rate of 7%, and a 20-year maturity. The going rate of interest on new long-term debt, rd, is 12%, and this is the present yield to maturity on the bonds. The common stock sells at a price of $54 per share. Calculate the firm's market value capital structure. Do not round intermediate…
a company has the following items: share capital-ordinaty: $920,000 treasury shares : $85,000 deferred taxes $100,000 retained earning : $ 363,000 which ammount should be report as total equity ? A- 1098000 B- 1198000 C- 1298000 D- 1398000
(Figures in $ millions) Assets 2021 2022 Liabilities and Shareholders' Equity 2021 2022 Current assets $ 310 $ 420 Current liabilities $ 210 $ 240 Net fixed assets 1,200 1,420 Long-term debt 830 920 Required: a&b. What was shareholders’ equity at the end of 2021 and 2022? c. If Newble paid dividends of $100 million in 2022 and made no stock issues, what must have been net income during the year? d. If Newble purchased $300 million in fixed assets during 2022, what must have been the depreciation charge on the income statement? e. What was the change in net working capital between 2021 and 2022? f. If Newble issued $200 million of new long-term debt, how much debt must have been paid off during the year
Consolidated Cash Flow Statement of Pineda Corporation and its subsidiary Swamy Corporation as of December 2019 and 2020: Assets 2020 2019 Net Change Incr. (Decr.) $ $ $ Cash 313,000 195,000 118,000 Marketable equity securities (at cost) 175,000 175,000 Allowance to reduce marketable equity securities to market (13,000) (24,000) 11,000 Accounts receivable (net) 418,000 440,000 (22,000) Inventories 595,000 525,000 70,000 Land 385,000 170,000 215,000 Plant and equipment 755,000 690,000 65,000 Accumulated depreciated (199,000) (145,000)…
Assume a company provided the following information: Net income $ 60,000 Number of common shares outstanding, beginning of the year Number of common shares outstanding, end of the year Market price per share Dividends per share 45,000 55,000 2$ 15 0.50 $200,000 Total assets, end of the year Total liabilities, end of the year $ 80,000 The earnings per share is closest to:
Vikram
Evaluate the company's perfomance and position using financial ratio analysis
prepare cash flow statement
C. Reither Co. reports the following information for 2025: sales revenue $700,000 cost of goodssold $500,000, operating expenses $80,000, and an unreliazed holding loss on available-for-sale debt securities of 2025 of $60,000. It declared and paid a cash dividend of $10,000 in 2025. C. Reither Co. has Janaury 1, 2025, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2025. Prepare a statement of stockholders' equity. (Ignore income taxes).
s