Question no 5Condensed balance sheet and income statement data for Micerodisc Industries Itd appear belowMicrodisc Industries Ltd.Balance Sheet31-Dec201720182019AssetsCash$50,000$55,000$60,500Short Term Invest ment2000022,00024,200Account Receivable1500016,50018,150Inventories3500038,50042,350Plant asset440,000484,000532,000Acc. Dep Plant assets(40000)(44000)(48000 )Total Assets$520,000$572.000 $629.200Liabilities and Stockholders' EquityLiabiliiesNotes payable (short term)Accounts PayableAccrued ExpensesMortgage payableBond payable$50000$55,000$60,5001000011,00012,10050005,5006,050200000220,000242,0002000022,00024,200Toatl Liabilities285000$313,500$344,850Stockholders' Equity$120000Common stock($5 par)Retained EarningsTotal Stockholders' EquityTotal Liabilities and Stockholders' Equity $520,000$132,000 $145,200115000126,500139,150$235000$258,500$572.000$284.350$629.200 Microdisc Industries Ltd.Income StatementFor the year ended, December3120182019Sales450000500000Gain on sale of Land50,00025000ExpensesCost of goods soldSelling and administrative expenses2000002100005000052500Utilities expense10001250Depreciation expense40004000Income tax expense20002100Total Expense257000269850Net Income243000255150**Here plant asset include both land, building and equipment.Additional information for the year 20191. Equipment costing $60,000 was purchased for cash during the year.2. Land costing $12,000 was sold for $37,000 cash, resulting in gain of $25,000.3.22,000 mortgage loan have been taken.4. A cash dividend was declared and paid during the year.5.Issued bond for cash.6.Issued common stock for cash.InstructionsPrepare a statement of cash flows for the year ended December 31, 2019,

Cash flow statements are the statements that determine the inflow and outflow of cash from three…

Answered: Condensed balance sheet and income…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Partial Income Statement Excel Exercise Compute the Following ՀԱՐ Sales COGS SG&A Depreciation Debt Int. Rate Tax Rate* 2019 100 40 EBITDA EBIT 25 Interest 10 EBT 0.08 Tax 0.25 Net Income ? ? ? ? ? ? Partial Balance Sheet Debt and Loans 150 Total Equity 150 Total Assets 300 Inv. Change 10 A/R Change A/P Change 35 20 Net Profit Margin Equity Multiplier Verify Dupont ROE ? סיי ? ? ? ? ? * Assume all taxes paid in current period (no accrued taxes) for rest of course CF from Operations ROE Asset Turnover CED Tt O 24
HCS/ X What x SAAM X HCS380 Week 4 Horizontal and Vertical Analysis Basic X edu/cms/202118851 Resul x Cove x G how X Hosp x G beau x + DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a horizontal analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance. Dec. 31, 2022 Dec. 31, 2021 Accounts Receivable 460,000 400,000 Inventory 780,000 650,000 Total Assets 3,164,000 2,800,000 NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point for the answer, as seen in the example below. The text box will highlight red if incorrect after clicking the Submit button (bottom right corner). Example: 30000 ÷ 500000 = 6.0 % Accounts Receivable = 400000 % I
* CengageNOW2 | Onlin x 2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 人 еВook Show Me How Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $288,750 $177,120 Property, plant, and equipment 498,750 452,640 Intangible assets 87,500 26,240 Current liabilities 175,000 85,280 Long-term liabilities 376,250 301,760 Common stock 78,750 72,160 Retained earnings 245,000 196,800 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets…
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
O Cambridge Busines P Module 11 I Financial Statement Forecasting LO2 M11-12. Forecast an Income Statement SATE OLOGY STX) SEAGATE TECHNOLOGY PLC Consolidated Statement of Income For Year Ended June 28, 2019, $ millions BC $10,390 Revenue. 7,458 Cost of revenue 991 Product development Marketing and administrative Amortization of intangibles. Restructuring and other, net. 453 23 (22) Total operating expenses. 8,903 Income from operations. 1,487 Interest income 84 Interest expense Other, net (224) 25 Other expense, net. (115) Income before incorne taxes (Benefit) provision for income taxes 1,372 (640) Net income.. $ 2,012 Forecast Seagate's 2020 income statement assuming the following income statement relations (ST Revenue growth. Cost of revenue Product development Marketing and administrative Amortization of intangibles. Restructuring and other, net, Interest income... Interest expense. Other, net Income tax rate. 5% 71.8% of revenue 9.5% of revenue 4.4% of revenue No change $0 No…
HCS/ x What x SAAM X Cove X G how X Hosp X G beau X + O Week 4 Horizontal and Vertical Analysis DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a vertical analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance. Dec. 31, 2022 Dec. 31, 2021 Accounts Receivable 460,000 400,000 Inventory 780,000 650,000 Total Assets 3,164,000 2,800,000 NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point for the answer, as seen in the example below. The text box will highlight red if incorrect after clicking the Submit button (bottom right corner). Example: 30000 ÷ 500000 6.0 % Inventory 2022 ÷ 3164000 = 24.75 % ^4) End Insert 10 D C 0 + F7 (41) F8 O F9 780000 F10 F11 53°F Mostly cloudy 000 Home F12 10 5/2
Resul X HCS/X What X SAAM X 18851 HCS380 Week 4 Horizontal and Vertical Analysis ::- % 5 Cove X G how X Hosp X G beau x + DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a horizontal analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance. Dec. 31, 2022 Dec. 31, 2021 Accounts Receivable 460,000 400,000 Inventory 780,000 650,000 Total Assets 3,164,000 2,800,000 NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point for the answer, as seen in the example below. The text box will highlight red if incorrect after clicking the Submit button (bottom right corner). Example: 30000 ÷ 500000 = 6.0 % Inventory Bi F6 6 *4" & 7 F8 ** 8 F9 F10 ( 9 DOD F11 ) 0 = I % 54°F Mostly clear DA 888 Home End Insert = F12 10:05 5/23/
Current Attempt in Progress XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g.…
Balance Sheet Equity APIC Events Assels Liab Acct Payable Div Payable Notes Payable Cash 257.000.00 S Acct Rec 17,500.00 $ Inventory 28.000.00 Common Stock 200,000.00$ Equipment Land 50,000.00 | $ |Accum Depr 8,333.00 $ Wages Payable Retahed Earnings 176,167.00 Account Titles for Retained Earnings Building 250.000.00-| Beginning Balances as of Dec 31, Year 1 118,000.00 100,000.00 $ 500,000 1.Acquired $550,000 by signing a note payable with a local bank 2. Sold 25.000 shares of $22 Common Stack for $1,500,000 3. Purchased Equipment for $300.000 4. Purchased Inventory on Account - 25,000 Units at $1.15 per unit Sa. Sold 15,000 units at $3.50 on Account 5b. COGS for Sales on AccoLnt 6. Collect $70,000 on Account 7. Paid $117,250 of Accounts Payable 8. Purchased Inventory on Account - 170.000 Units at $1.50per unit 9a. Sold 175,000 units at $3.50 on Account 9b. COGS for Sales on Account 10. Collect $472,500 on Account 11. Paid $218.600 of Accounts Payable 12. Purchased Inventory on…
ect Assignment The preliminary 2024 income statement of Alexian Systems, Incorporated, is presented below: ALEXIAN SYSTEMS, INCORPORATED Income Statement. For the Year Ended December 31, 2024 ($ in millions, except earnings per share) Revenues and gains: Sales revenue Interest revenue Other income Total revenues and gains. Expenses: Cost of goods sold Selling and administrative expense Income tax expense Total expenses Net Income Earnings per share $ 435 6 128 569 247 158 41 446 $123 $ 12.30 Saved Help Additional information: 1. Selling and administrative expense includes $28 million in restructuring costs. 2. Included in other income is $120 million in income from a discontinued operation. This consists of $90 million in operating income and a $30 million gain on disposal. The remaining $8 million is from the gain on sale of investments. 3. Cost of Goods Sold in 2024 includes an increase of $10 million to correct an understatement of Cost of Goods Sold in 2023. The amount is material.…
Data needed: SFP Asset section 1. Cash 16.3% 2. AR 6.3% 3. Short term investment 0.2% 4. Inventory 2.2% 5. Prepaid expenses 0.4% 6. PPE 74.7% Data needed: SFP Liabilities and OE section. 1. Current liab 16% 2. Non-current liab 34.2% 3. OE 49.9% Data needed: SCI 1. COGS 38.6% 2. Selling and admin exp 6.8% 3. Interest exp 0.1% 4. Income tax exp 0.5% 5. Net income 54%
Current Asset 120 000Cash 20 000Accounts Receivable 45 000Short-term investments 12 000Merchandise Inventory 42 000Current Liabilities 68 000 What is the company's current ratio?What is the company's quick ratio?

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