Consider each of the following independent situations: Required: For each situation, calculate the missing amount. Beginning Retained Net Income for Dividends for Ending Retained the Year the Year Earnings Earnings a. $ 396,000 $ 142,000 $ 28,000 b. $ 574,000 $ 205,000 $ 716,000 C. d. $ EA 265,000 $ 50,000 $ 333,000 $ 158,000 $ 38,000 $ 454,000
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Solved in 2 steps with 2 images
- Take the Balance statement and state the key parts in words. Tell a story / summary from the Balance statement.Calculate Return on Total Assets each year separately.Find the following using the data bellow a. Accounts receivable B. Current assets C. Total assets D. Return on assets E. Common equity F. Quick ratio
- What is the IRR of the following set of cash flows? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Year 0123 IRR Cash Flow -$17,300 8,000 9,300 7,800 %can you fill out the second image based on the first1. Calculate the liquidity- cash ratios, quick ratios and current ratios.
- H1.Assume the following information is given:Income statementNet sales sh. 200,000Operating income 10,000 Balance sheetCurrent assets 95,000Total assets 150,000 Current liabilities 80,000Total liabilities 125,000Retained earnings 25,000 The market value of equity is sh. 300,000Required:Evaluate the credit worthiness of the borrower using Altman ZTake each statement Cash Flow statement and Balance Sheet and state the key parts in words. Tell a story from each of the financial statement.