Different liabilities of Company Z Itd. are shown as under:ParticularsAccounts PayableNotes Payable (Current Portion)Salaries and wages payable10 Year BondsInstallment notes payableAmount120,000180,00055,000$ 2,000,000$ 1,140,000Interest payable32,000Payroll taxes payable15,500What would be the total current liabilities reported in the balance sheet?a. Total current liabilities would be $202,500b. Total current liabilities would be $440,500c. Total current liabilities would be $1,542,500d. Total current liabilities would be $402,500

Balance sheet: A balance sheet is a statement of assets, liability, and equity. It is prepared after…

Different liabilities of Company Z Itd. are shown as under: Particulars Accounts Payable |Notes Payable (Current Portion) Salaries and wages payable 10 Year Bonds Installment notes payable Interest payable | Payroll taxes payable Amount 120,000 180,000 | 55,000 S 2,000,000 S 1,140,000 32,000 15,500 What would be the total current liabilities reported in the balance sheet? a. Total current liabilities would be $202,500 b. Total current liabilities would be $440,500 c. Total current liabilities would be $1,542,500 d. Total current liabilities would be $402,500

Different liabilities of Company Z Itd. are shown as under: Particulars Accounts Payable |Notes Payable (Current Portion) Salaries and wages payable 10 Year Bonds Installment notes payable Interest payable | Payroll taxes payable Amount 120,000 180,000 | 55,000 S 2,000,000 S 1,140,000 32,000 15,500 What would be the total current liabilities reported in the balance sheet? a. Total current liabilities would be $202,500 b. Total current liabilities would be $440,500 c. Total current liabilities would be $1,542,500 d. Total current liabilities would be $402,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Discussion
Based on the following information as of December 31,2020, compute the company’s debt-equity ratio. Assume current liabilities are all interest-bearing. Round to nearest two decimal places. Current assets: 15 Non-current assets: 12 Current Liabilities: 22 Non-current Liabilities: 4 Debt to Equity Ratio = ?
Calculate the dividend payout ratio.
21. Kinsella Corporation's statement of financial position showed the following amounts: current liabilities, $75,000; total liabilities, $100,000; total assets, $200,000. What is the total long-term debt to total equity ratio? a.0.375 b.0.125 c.0.75 d.0.25
The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous YearAccounts payable $114,240 $102,000Long-term debt 127,200 120,000 Based on this information, what is the amount and percentage of increase or decrease that wouldbe shown on a balance sheet with horizontal analysis?
What is the overall assement of the company's credit risk (explain)? Is there any difference between the two years?
Calculate debt to equity, long-term debt to equity and specify as a percent to 2 decimal places
Calculate the 2020 current ratio using the following information: Balance Sheet Cash and Cash Equivalents Marketable Securities Accounts Receivable Total Current Assets Total Assets Current Liabilities Long Term Debt Shareholders Equity Income Statement Interest Expense Net Income Before Income Taxes 1.17 0.60 1.40 0.80 2020 5,000 15,000 10,000 40,000 70,000 50,000 10,000 10,000 7,500 45,000
Using a BalanceSheetMOON CORPORATIONBALANCE SHEETJULY 31, 2011Assets Liabilities & Owners’ EquityCash . . . . . . . . . . . . . . . . $ 18,000 Liabilities:Accounts Receivable . . . 26,000 Notes PayableLand . . . . . . . . . . . . . . . . 37,200 (due in 60 days) . . . . . . . . . . . . . $ 12,400Building. . . . . . . . . . . . . . 38,000 Accounts Payable . . . . . . . . . . . . . 9,600Office Equipment . . . . . . 1,200 Total liabilities . . . . . . . . . . . . . . $ 22,000Stockholders’ equity:Capital Stock . . . . . . . . . $60,000Retained Earnings. . . . . 38,400 98,400Total . . . . . . . . . . . . . . . . $120,400 Total . . . . . . . . . . . . . . . . . . . . . . . . . $120,400STAR CORPORATIONBALANCE SHEETJULY 31, 2011Assets Liabilities & Owners’ EquityCash . . . . . . . . . . . . . . . . $ 4,800 Liabilities:Accounts Receivable . . . 9,600 Notes PayableLand . . . . . . . . . . . . . . . . 96,000 (due in 60 days) . . . . . . . . . . . . . $ 22,400Building. . . . . . . . . . . .…
Please input numbers in boxes below based on data provided for year 2018. Current assets - current liabilities = net working capital
RATIO ANALYSIS. Debt Ratio Activity 6 · Understand the information provided by the debt ratio. · Identify the expected range and whether an increasing or decreasing trend is preferred. Purpose: The debt ratio compares total liabilities to total assets. This ratio measures the proportion of assets financed by debt. It is a measure of long-term solvency. Total liabilities DEBT RATI0 = Total assets JOHNSON & CITIGROUP 12/31/99 HEWLETT- PACKARD 10/3 1/99 JOHNSON 1/03/99 WAL-MART 1/31/99 ($ in 000s) Assets $716,937,000 $35,297,000 $26,211,000 $49,996,000 Liabilities 667,251,000 17,002,000 12,621.000 28,884,000 Stockholders' Equity $ 49,686,000 $18,295,000 $13,590,000 $21,112,000 Source: Disclosure, Inc, Compact D/SEC, 2000. 1. For each-company listed above, compute the debt ratio. Record your results below. Debt ratio: 0.93 2. The debt ratios computed above are primarily in the ranġe (less than 0,40 / 0.40 through 0.70 / over 0.70): 3. % of Wal-Mart's assets are financed by debt. 4.…
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