Please give me true answer this financial accounting question Determine the net income (or loss), assuming $75,000 ofstock was issued, and no dividends were paid.DetailsBeginning of the yearEnd of the yearTotal Assets Total Liabilities$400,000 $250,000$1,000,000 $700,000

Formula for Equity:Equity = Total Assets - Total LiabilitiesCalculate Beginning EquityAt the…

Answered: Determine the net income (or loss),…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 19BEA

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From the following information for BlueInks Corporation, compute the rate of return on assets. Hint: The numerator is income before interest expense and taxes. Net income $40,878 Total assets at beginning of year $250,100 Total assets at end of year $158,680 a. 15% b. 25% c. 16% d. 20%
Assume Metro Corporation had a net income of $2,200 for the year ending December 31. Its beginning and ending total assets were $35,500 and $19,000, respectively. Calculate Metro's return on assets (ROA). (Round your percentage answer to two decimal places.) A. 11.58% B. 4.04% C. 8.07% D. 6.20%
1. Multiple-Choice: Calculate Company Y's return on assets, to two decimal places, based on the following information for the current year. a) 7.50 b) 9.00 c) 8.18 d) 7.27
Wilcox's days payable outstanding is: Wilcox Corporation Balance Sheet Accounts Cash $25 $85 Payable Short-term Accrued $15 $45 Investments Liabilities Long- Accounts $70 term $240 Receivable Debt Common Inventory $150 $80 Stock Property, Retained Plant, & $390 $410 Earnings Equipment Goodwill $210
Other non-current assets 4,702 Total assets $ 75,965 LIABILITIES AND SHAREHOLDERS EQUITY Current liabilities: Trade payables and other liabilities 5,635 Interest payable Current tax liabilities Dividends payable Debt due within one year Other current liabilities Total current liabilities Non-current liabilities Long-term debt Other Non-Current Liabilities 1,072 1,064 1,616 4,117 1,567 15,071 25,606 8,859 Total non-current liabilities 34,465 Total liabilities 49,536 Stockholders' equity: 26,429 Total liabilities and shareholders' equity $ 75,965 Assume that the following transactions (in millions of dollars) occurred in fiscal year 2021 (ended on December 31, 2021): a. Issued additional shares for $1,050 in cash. b. Borrowed $8,000 from creditors; due in 10 years. c. Purchased additional investments for $3,200 cash; one-fifth were long-term and the rest were short-term. d. Purchased property, plant and equipment; paid $7,200 in cash and $1,700 with additional long-term bank loans. e.…
Refer to the following data of SG Company: Assets to be realized1,375,000Liabilities liquidated1,875,000Assets acquired825,000Liabilities not liquidated1,700,000Assets realized1,200,000Liabilities to be liquidated2,250,000Assets not realized1,375,000Supplementary charges3,125,000Liabilities assumed1,625,000Supplementary credits2,800,000Compute the beginning cash balance assuming that the ending balance of ordinary share and retained earnings are P1,200,000 and (400,000), respectively.
Sun City Corporation's end-of-year balance sheet consisted of the following amounts: Cash Property, plant, and equipment Capital stock Retained earnings $ 25,000 70,000 100,000 Ob. $200,000 Oc. $165,000 Od. $100,000 7 Accounts receivable Long-term debt Accounts payable Inventory What amount should Sun City report on its balance sheet for total assets? Oa. $95,000 $70,000 40,000 20,000 35,000
QUESTION 4 REQUIRED 4.1 Use the information provided below to calculate the following ratios. Where applicable, express answers to two decimal places. 4.1.1 Profit margin 4.1.2 Debtors collection period 4.1.3 Return on equity 4.1.4 Acid test ratio 4.1.5 Debt to assets 4.1.6 Return on assets 4.1.7 Interest coverage 4.2 Comment on the current ratio which was 1.56:1 in 2019 and 2.19:1 in 2020. 4.3 Provide two possible reasons for a drop in the gross margin from 27.35% in 2019 to 15.82% in 2020. INFORMATION Extracts of the financial statements of Sibaya Limited are as follows: SIBAYA LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2020 Sales (all credit) 2 409 000 Cost of sales (2 028 000) Gross profit Operating expenses Operating profit Interest expense 381 000 (276 000) 105 000 (36 000) Profit before tax 69 000 Income tax (19 320) Profit after tax 49 680
h
Shep Company's records show the following information for the current year. Beginning of year End of year Total assets $ 51, 600 $ 82,000 Total liabilities $ 22, 800 $ 35, 800 Determine net income (loss) for each of the following separate situations. Note: For all requirements, losses should be entered with a minus sign. Additional owner investments of $3,800 were contributed, and withdrawals of $7,800 were made during the current year. Additional owner investments of $15, 200 were contributed, and no withdrawals were made during the current year. No additional owner investments were contributed, and withdrawals of $12, 800 were made during the current year.
The following summarized statement of financial position relate to Track Ltd as at 30th June: Details 20x7 20x8 Shs '000' Shs '000' Shs '000' Shs '000' Non-current assets 500 650 Less: Accumulated Depreciation (200) (300) Net Book Value 300 350 Investments at cost 200 50 Current Assets Inventory 400 00 Accounts receivable 1,350 1,550 Cash and Bank 100 - 1850 2,250 Current Liabilities Bank Overdrafts - 60 Accounts payable 650 90 Taxation 230 190 Proposed dividends 150 130 (1030) (110) Total Assets 1320 1,480 Capital and Reserves Called-up share capital Shs I ord. Shares 500 50 Share premium A/c 150 200…
Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000 Calculate change in NWC

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