-kеBookProblem Walk-ThroughThe assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of$2.6 million and net plant and equipment equals $2.3 million. It has notes payable of $150,000, long-term debt of $753,000, and total common equity of $1.45million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferredstock on its balance sheet.Write out your answers completely. For example, 25 million should be entered as 25,000,000. Negative values, if any, should be indicated by a minus sign.Round your answers to the nearest dollar, if necessary.a. What is the company's total debt?$4753000b. What is the amount of total liabilities and equity that appears on the firm's balance sheet?242600000c. What is the balance of current assets on the firm's balance sheet?$4300000d. What is the balance of current liabilities on the firm's balance sheet?2$150000e. What is the amount of accounts payable and accruals on its balance sheet? (Hint: Consider this as a single line item on the firm's balance sheet.)1150000f. What is the firm's net working capital? If your answer is zero, enter "0".%$4150000g. What is the firm's net operating working capital?2$3000\00h. What is the monetary difference between your answers to part f and g?2$What does this difference indicate?-Select-Check My Work

Balance Sheet A balance sheet is a statement which provides financial data related to the assets,…

Answered: êBöök he assets of Dallas & Associates…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The Muzn Co. had operating cash flow of OMR 53.750. Depreciation was OMR 5,600 and interest paid was OMR 2,580. A net total of OMR 2,890 was paid on long-term debt. The firm spent OMR 26,000 on fixed assets and decreased net working capital by OMR 1,870. What is the amount of the cash flow to stockholders? O a. OMR 35,090 O b. OMR 24,150 O c. OMR 29.930 d. OMR 25,570 e. OMR 20,410
Data pertaining to the current position of Forte Company follow:Cash $412,500Marketable securities 187,500Accounts and notes receivable (net) 300,000Inventories 700,000Prepaid expenses 50,000Accounts payable 200,000Notes payable (short-term) 250,000Accrued expenses 300,000 Instructions1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios in parts b through j to one decimal place.2. List the following captions on a sheet of paper:Transaction Working Capital Current Ratio Quick Ratio Compute the working capital, the…
The assets of the River & Stone Corp. company include current assets, property, plant and equipment and does not have excess cash (Free Cash). It has assets valued at $ 4 million and its fixed assets are valued at $ 3 million. It reports debts payable of $ 350,000, long-term debts of $ 650,000 and equity of $ 2 million. Your balance sheet reflects that you have accounts payable and accumulated debts. Generally, the company operates on a debt and equity basis. 1. Determine the total amount of the company's debt. 2. Calculate the balance of current assets and liabilities. 3. Determine the net working capital of the company. 4. Calculate the net operating working capital. 5. Explain how net working capital and operating working capital can support managerial decisions and strategic goals.
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As of 31 Jan 2018, PT D. has balances in the following Balance Sheet accounts (partial accounts only): Cash (USD 100) = IDR 14,000 Accounts Receivable (USD 5,000) = IDR 70,000,000 Accounts Payable (USD 2,000) = IDR 28,000,000 Paid-in Capital (IDR 1,000,000) = IDR 13,999,000,000 (according to the deed). If on 28 Feb 2018 the exchange rate of 1 USD = 14,500, -, and the USD balance of each of these accounts has not changed, make a journal for each of these accounts on 28 Feb 2018 Question: The Cash Revaluation Journal is.......a. Dr. Cash 50,000 Cr. Difference in Exchange 50,000b. Dr. Cash 1,450,000 Cr. Loss on Foreign Exchange 50,000 Cr. Cash 1,400,000c. Dr. Loss on Foreign Exchange 50,000 Cr. Cash 50,000d. Dr. Cash 1,400,000 Dr. Difference in Exchange 50,000 Cr. Cash 1,450,000
Mansukh
Monstera Company reported the following assets in the statement of financial position: Cash in bank 2,000,000 Accounts receivable 4,000,000 Inventory 1,500,000 Financial asset at fair value 500,000 Patent 1,000,000 Loans to employees 200,000 Advances to suppliers 400,000 Prepaid expenses 100,000 In preparing financial statements in a hyperinflationary economy, what total amount should be classified as monetary assets?
You are evaluating the balance sheet for SophieLex’s Corporation. From the balance sheet you find the following balances: cash and marketable securities = $280,000; accounts receivable = $1,380,000; inventory = $2,280,000; accrued wages and taxes = $590,000; accounts payable = $890,000; and notes payable = $780,000. What is the quick ratio (round your answer to 2 decimal places
The current asset of Jackie Inc. comprises only of cash, accounts receivables, and inventory. The firm has a current ratio of 2, and a quick ratio of 1.8. The total liabilities of the company are P40,000 on which 50% is current. How much is the cash of Bulldogs Inc. if the accounts receivable balance shows a balance of P56,000?
Barts Industries, Inc., has total assets as follows: $50,000 in cash, $15,000 in short- term investments, $120,000 in net current receivables, inventory of $25,000, equipment of $80,000, and $8,000 in prepaid expenses. The total long-term liabilities of the firm are $140,000 and total liabilities are $260,000. Based solely on the above information, Barts Industries' current ratio is (round to two decimal places): Answer:
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The Stancil Corporation provided the following current information: Proceeds from long-term borrowing $ 13,800 Proceeds from the sale of common stock 5,000 Purchases of fixed assets 27,500 Purchases of inventories 2,600 Payment of dividends 13,800 Determine the total cash flows spent on fixed assets and NWC, and determine the cash flows to investors of the firm. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.)

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