Compute these values and ratios for 2021 and 2022. (Round Earnings per share to 2 decimal places, e.g. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, e.g. 15.2. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)(Solve for D & E ) Please don't reject this problem , Instagram is @fp.juanpasyp if questions are needed Condensed balance sheet and income statement data for Pharoah Company are presented as follows.Pharoah CompanyBalance SheetsDecember 31Assets20222021Cash$29,000$21,000Receivables (net)70,00056,000Other current assets91,00072,600Long-term investments62,40059,700Property, plant, and equipment (net)515,000469,000Total assets$767,400678,300Liabilities and Stockholders' EquityCurrent liabilities$76,000$68,000Long-term liabilities81,50091,000Common stock333,000291,500Retained earnings276,900227,800Total liabilities and stockholders' equity$767,400$678,300Pharoah CompanyIncome StatementsFor the Years Ended December 3120222021Sales revenue$794,580$696,600Cost of goods sold468,000410,000Operating expenses (including income taxes)252.000226,000Net income$74,580$ 60,600Additional information:Net cash provided by operating activities$85.800$58,000Cash used for capital expenditures$40,500$39,000Dividends paid$28,000$14,000Weighted-average common shares outstanding33,00030,000 Question 2 of 2/ 10 EAdditional information:Net cash provided by operating activities$85,800$58,000Cash used for capital expenditures$40,500$39,000Dividends paid$28,000$14,000Weighted-average common shares outstanding33,00030,000Compute these values and ratios for 2021 and 2022. (Round Earnings per share to 2 decimal places, e.g. $2.78 and Current Ratio and Debtto assets ratio to 1 decimal place, eg. 15.2. Enter negative amounts using either a negative sign preceding the numbereg.-45 or parentheseseg.(45).)20222021(a)Earnings per share.2.262.02(b)Working capital.114,000%2481,600%24(c)Current ratio.2.5:12.2:1(d)Debt to assets ratio.(e)Free cash flow.%24%24%24%24%24

Ratio analysis means that various ratio can be calculated with the given date of the company and…

Answered: (d) Debt to assets ratio. (e) Free cash…

Business

Accounting

(d) Debt to assets ratio. (e) Free cash flow. %24 %24

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

(b) Prepare the journal entries for these transactions, assuming that the common stock is no-par with a stated value of $3 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit
Apple (AAPL) A horizontal Analysis of the Balance Sheet for the years 2017, 2018, and 2019. Need to have it done on Microsoft Excel. Or a horizontal Analysis of the financial statement for the same yerars. What is ever eaiser for you guys. Thank you
! Required information [The following information applies to the questions displayed below.] The general ledger of Zips Storage at January 1, 2024, includes the following account balances: Accounts. Cash Accounts Receivable Prepaid Insurance. Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals. 1. January 9 2. February 12 3. April 25 4. May 6 5. July 15 6. September 10. 7. October 31 8. November 20 9. December 30 The following is a summary of the transactions for the year: Expenses: Debits $25,100 15,900 13,000 153,000 $207,000 Total Expenses Credits $7,200 6,300 148,000 45,500 $207,000 ZIPS STORAGE Income Statement For the Year Ended December 31, 2024 Provide storage services for cash, $139, 100, and on account, $54,700. Collect on accounts receivable, $52,000. Receive cash in advance from customers, $13,400. Purchase supplies on account, $10,200. 8-a. Prepare the income statement for the year ended December 31, 2024. Pay property taxes, $9,000. Pay on…
i need the answer quickly
Hh1. Account
Please do not give solution in image format thanku
Concord Today Publishers completed the following investment transactions during 2024 and 2025: i (Click the icon to view the transactions.) Requirements 1. Journalize Concord Today's investment transactions. Explanations are not required. 2. On December 31, 2024, how would the Peaceful stock be classified and at what value would it be reported on the balance sheet? Requirement 1. Journalize Concord's investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Dec. 6, 2024: Purchased 1,100 shares of Peaceful stock at a price of $21.00 per share, intending to sell the investment next month. Concord did not have significant influence over Peaceful. Date Credit 2024 Dec. 6 Accounts C Debit More info Dec. 6, 2024 Dec. 23, 2024 Dec. 31, 2024 Jan. 27, 2025 Purchased 1,100 shares of Peaceful…
Hartford Today Publishers completed the following investment transactions during 2024 and 2025: i (Click the icon to view the transactions.) Requirements 1. Journalize Hartford Today's investment transactions. Explanations are not required. 2. On December 31, 2024, how would the Golden stock be classified and at what value would it be reported on the balance sheet? Requirement 1. Journalize Hartford's investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Dec. 6, 2024: Purchased 950 shares of Golden stock at a price of $35.00 per share, intending to sell the investment next month. Hartford did not have significant influence over Golden. Date Debit Credit 2024 Dec. 6 Accounts More info Dec. 6, 2024 -C Dec. 23, 2024 Dec. 31, 2024 Jan. 27, 2025 Purchased 950 shares of Golden stock…
Example 6 Show how the following independent errors will affect net income and stockholders' equity using the symbol + for overstated, for understated, and 0 for no effect. 2022 El Overstated Failed to Accrue 2022 Interest Revenue PPE Fully Expensed in 2022 Failed to Accrue 2022 Wages Recorded 2023 Rent as Revenue in 2022 2022 NI 2022 Equity 2023 2023 NI Equity
Subject : Accounting
On December 31, 2023, Carla Vista Corporation, a public company, had the following shareholders' equity accounts: CARLA VISTA CORPORATION Balance Sheet (partial) December 31, 2023 Shareholders' equity Common shares (unlimited number of shares authorized, 95,000 issued) Retained earnings Total shareholders' equity During the year, the following transactions occurred: Jan. 15 Declared a $1 per share cash dividend to shareholders of record on January 31, payable February 15. Announced a 2-for-1 stock split. The market price per share on the date of the announcement was $18. Declared a 15% stock dividend to shareholders of record on December 30, distributable on January 15. On December 15, the market price of each share was $9: on December 30, $10, and on January 15, $9. July Dec. 15 Determined that profit before income tax for the year was $413,000. The company has a 30% income tax rate. 1 $1,145,000 560,000 $1,705,000 31
Don't give solution in image format..