Current AssetsCashA/RInventoryTotalNet Plant & EquipTotal AssetsTomson Corporation2013 and 2014 Statement of Financial PositionAssets2013$ 8,43621,53038.760$ 68,726$ 226.706$295,4322014$ 10,15723,40642.650$ 76,213Current LiabilitiesA/PNotes PayableTotal1. The current ratio for each year2. The quick ratio for each yearLong-term DebtOwner's EquityCommon Stock &Paid-in SurplusRetained Earnings$248,306TotalTotal Liabilities &$324,519 Owners EquityLiabilities3.The cash ratio for each year4. The NWC to total assets ratio for each year20135.The debt-equity ratio and the equity multiplier for each year6. The total debt ratio and the long-term debt ratio for each yearRound all answers to 2 decimal places.$ 43,05018.384$61.434$ 25.000$ 40,000168.998$ 208,998$ 295,43220141. Prepare:The 2014 combined common-size, common-base year statement of financial position forTomson. Round your intermediate calculations to 2 decimal places and final answers to 4decimal places.2. Calculate:$ 46,82117.382$ 64,203$ 32.000$ 40,000188.316$ 228,316$ 324.519 Current AssetsCashA/RInventoryTotalNet Plant & EquipTotal AssetsTomson Corporation2013 and 2014 Statement of Financial PositionAssets2013$ 8,43621,53038.760$ 68,726$ 226.706$295,4322014$ 10,15723,40642.650$ 76,213Current LiabilitiesA/PNotes PayableTotal1. The current ratio for each year2. The quick ratio for each yearLong-term DebtOwner's EquityCommon Stock &Paid-in SurplusRetained Earnings$248,306TotalTotal Liabilities &$324,519 Owners EquityLiabilities3.The cash ratio for each year4. The NWC to total assets ratio for each year20135.The debt-equity ratio and the equity multiplier for each year6. The total debt ratio and the long-term debt ratio for each yearRound all answers to 2 decimal places.$ 43,05018.384$61.434$ 25.000$ 40,000168.998$ 208,998$ 295,43220141. Prepare:The 2014 combined common-size, common-base year statement of financial position forTomson. Round your intermediate calculations to 2 decimal places and final answers to 4decimal places.2. Calculate:$ 46,82117.382$ 64,203$ 32.000$ 40,000188.316$ 228,316$ 324.519

Cash budget is used in forecasting to determine supplier payments, and receipts from customers which…

Answered: ent Assets Cash A/R Inventory Total Net…

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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Current Assets Cash A/R Inventory Total Net Plant & Equip Total Assets Tomson Corporation 2013 and 2014 Statement of Financial Position Assets 2013 $ 8,436 21,530 38.760 $ 68,726 $ 226.706 $295,432 2014 $ 10,157 23,406 42.650 $ 76,213 Current Liabilities A/P Notes Payable Total 1. The current ratio for each year 2. The quick ratio for each year Long-term Debt Owner's Equity Common Stock & Paid-in Surplus Retained Earnings $248,306 Total Total Liabilities & $324,519 Owners Equity Liabilities 3. The cash ratio for each year 4. The NWC to total assets ratio for each year 2013 5. The debt-equity ratio and the equity multiplier for each year 6. The total debt ratio and the long-term debt ratio for each year Round all answers to 2 decimal places. $ 43,050 18.384 $61.434 $ 25.000 $ 40,000 168.998 $ 208,998 $ 295,432 2014 1. Prepare: The 2014 combined common-size, common-base year statement of financial position for Tomson. Round your intermediate calculations to 2 decimal places and final answers to 4 decimal places. 2. Calculate: $ 46,821 17.382 $ 64,203 $ 32.000 $ 40,000 188.316 $ 228,316 $ 324.519

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