ELLA COMPANY Balance Sheet December 31 Assets Liabilitles $ 86,000 Current liabilities .... 76,000 Long-term liabilities...... Cash ... $124,000 Accounts receivable.... Merchandise inventory.. 122,000 Equity Prepaid insurance... Long-term investments.. Plant assets, net... Total assets.... 90,000 12,000 Common stock. 300,000 98,000 Retained earnings 316,000 436,000 $830,000 Total liailities and equity .. $830,000

ELLA COMPANY Balance Sheet December 31 Assets Liabilitles $ 86,000 Current liabilities .... 76,000 Long-term liabilities...... Cash ... $124,000 Accounts receivable.... Merchandise inventory.. 122,000 Equity Prepaid insurance... Long-term investments.. Plant assets, net... Total assets.... 90,000 12,000 Common stock. 300,000 98,000 Retained earnings 316,000 436,000 $830,000 Total liailities and equity .. $830,000

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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ssume the following relationships for the Caulder Corp.: Sales/Total assets 1.2\times Return on assets (ROA ) 5.0% Return on equity (ROE) 15.0% Calculate Caulder's profit margin and debt-to-capital ratio assuming the firm uses only debt and common equity, so total assets equal total invested capital. Do not round intermediate calculations. Round your answers to two decimal places.
Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Depreciation Expense Interest Expense Totals Credit $ 129,000 11,400 10,400 4,400 34,000 240,000 54,000 440,000 340,000 17,000 34,000 4,400 $923,200 $923,200 Debit $11,400 144,000 5,400 27,000 340,000
What is the debt ratio for a firm with a debt-equity ratio of 0.5? Multiple Choice O 35% 33.3% 54% 66.7%
Calculate the total cost proceeds and gain or loss in dollars for the stock market transaction?
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X Print Item Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Sales Cost of goods sold Gross margin Income Statement Operating expenses Interest expense Net income a. 2.8% b. 1.4% c. 11.3% d. 5.6% $67,366 89,760 79,299 63,350 $299,775 $93,016 37,206 $55,810 (21,965) (4,651) $29,194 Number of shares of common stock outstanding Market price of common stock Total dividends paid Cash provided by operations What is the return on total assets for Diane Company? 6,335 $26 $9,000 $30,000 All work saved. MacBook
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