6C Required information[The following information applies to the questions displayed below.]The following financial statement information is from five separate companies.Company ACompany BCompany CCompany DCompany EBeginning of year$ 36,00029,520$ 28,08019,656$ 23,04012,441Assets$ 98,280$ 64,08044,215LiabilitiesEnd of year29,52020,073Assets41,00074,62035,817113,16089,396Liabilities13,460Changes during the yearStock issuances6,0009,4703,5006,5008,60811,0001,400Net income (loss)Cash dividends9,7506,0005,87511,9382,0002a. What is the amount of equity at the beginning of the year for Company B?2b. What is the amount of equity at the end of the year for Company B?2c. Compute the net income of the year for Company B. Changes during the yearStock issuances6,0009,4703,5001,4009,7506,0005,875Net income (loss)11,938Cash dividends2,00012a. What is the amount of equity at the beginning of the year for Company B?2b. What is the amount of equity at the end of the year for Company B?2c. Compute the net income of the year for Company B.Complete this question by entering your answers in the tabs below.Required 2ARequired 2BRequiked 20Compute the net income of the year for Company B.Equity, beginning of yearEquity, end of year< Required 2BRequired 20

Company A Company B Company C Company D Company E Beginning of year $ 36,000 29,520 $ 28,080 19,656 $ 23,040 12,441 $ 64,080 44,215 Assets $ 98,280 Liabilities End of year 41,000 29,520 20,073 Assets 74,620 35,817 113,160 89,396 Liabilities 13,460 Changes during the year Stock issuances Net income (loss) Cash dividends 9,750 6,000 5,875 6,500 8,608 11,000 6,000 1,400 9,470 3,500 11,938 2,000 bo voar for Company R?

Company A Company B Company C Company D Company E Beginning of year $ 36,000 29,520 $ 28,080 19,656 $ 23,040 12,441 $ 64,080 44,215 Assets $ 98,280 Liabilities End of year 41,000 29,520 20,073 Assets 74,620 35,817 113,160 89,396 Liabilities 13,460 Changes during the year Stock issuances Net income (loss) Cash dividends 9,750 6,000 5,875 6,500 8,608 11,000 6,000 1,400 9,470 3,500 11,938 2,000 bo voar for Company R?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.8P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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Required information [The following information applies to the questions displayed below.] The following financial statement information is from five separate companies. Company A Company B Company C Company D Company E Beginning of year $ 64,080 44,215 $ 98,280 $ 36,000 29,520 $ 28,080 19,656 $ 23,040 12,441 Assets Liabilities End of year 29,520 20,073 74,620 35,817 113,160 89,396 Assets 41,000 13,460 Liabilities Changes during the year Stock issuances Net income (loss) 6,500 6,000 9,470 3,500 9,750 6,000 1,400 8,608 11,000 11,938 2,000 5,875 Cash dividends 3. Compute the amount of assets for Company C at the end of the year. 4. Compute the amount of stock issuances for Company D during the year. 5. Compute the amount of liabilities for Company E at the beginning of the year. Complete this question by entering your answers in the tabs below.
A Corporation had the following data concerning selected financial data taken from the records listed below.For the year ended December 312021 2020Cash 80,000 640,000Note and account receivable 400,000 1,200,000Merchandise Inventory 720,000 1,200,000Marketable Securities 240,000 80,000Land and Building (net) 2,720,000 2,880,000Bond Payable 2,160,000 2,240,000Account Payable 560,000 880,000Note Payable Short Term 160,000 320,000Sales (20% cash, 80% credit) 18,400,000 19,200,000Cost of Good Sold 8,000,000 11,200,000Required : Compute the following ratios1. current ratio as of December 31,20212. Quick ratio as of December 31, 20213. Account Receivable Turnover ratio for 20214. Merchandise inventory turn over for 20215. The Gross margin for 20206. the average age of account Receivable for 2021( use 360 days
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