Fill in the missing information from the balance sheet. Torche Corporation Balance Sheet As of December 31, 2016 (Amounts in thousands) Cash 3,000 Liabilities Other assets 2,400 Equity Total assets Total liabilities and equity What is the value of equity? 3,300
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- Financial accounting....use the following. ...17Torche CorporationBalance SheetAs of January 24, 2022(amounts in thousands) Cash 14,700 Accounts Payable 2,400 Accounts Receivable 4,800 Debt 3,700 Inventory 3,800 Other Liabilities 5,000 Property Plant & Equipment 15,800 Total Liabilities 11,100 Other Assets 900 Paid-In Capital 6,000 Retained Earnings 22,900 Total Equity 28,900 Total Assets 40,000 Total Liabilities & Equity 40,000 Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T-accounts, and construct a balance sheet to answer the question. Jan 25. Sell product for $35,000 in cash with historical cost of $28,000Jan 26. Sell, deliver, and receive payment of $20,000 for serviceJan 27. Consume good or service and pay expense of $3,000 What is the final amount in Total Liabilities & Equity?
- Is Maness receiving a good return on equity? Explain.Based on the financial statements below, what is the current ratio and quick ratio?Cash Accounts receivable (net) Inventories Total current assets Noncurrent assets Current liabilities Long-term liabilities Shareholders' equity Net income Interest expense Income tax expense Sanchez Corporation Selected Financial Information The debt to equity ratio for 2016 is: OA) 0.80 OB) 0.44 Oc) 0.67 OD) 0.13 12/31/16 $ 20,000 100,000 190,000 310,000 230,000 200,000 40,000 300,000 $40,000 10,000 20,000
- Calculate the ratio of debt to equity??? General accountingUse the following data: Barry Computer Company Balance Sheet as of December 31, 2014 In thousands of $ Cash 85,775 Accounts payable 171,550 Receivables 669,045 Other current liabilities 257,325 Inventories 446,030 Notes payable 85,775 Total current assets 1,200,850 Total current liabilities 514,650 Net fixed assets 514,650 Long-term debbt 394,565 Common equity 806,285 Total assets 1,715,500 Total liabilities and equity 1,715,500 Barry Computer Company Income Statement For the year ended December 31, 2014 In thousands of $ Sales 2,350,000 COGS Materials 1,081,000 Labour 517,000 Heat, light and power 164,500 Indirect labour 188,000 Depreciation 94,000 Total COGS 2,044,500 Gross profit 305,500 Selling expenses 164,500 General and administrative expenses 47,000 EBIT 94,000 Interest expense 39,457 EBT 54,543 Federal and state income taxes (40%) 21,817 Net income 32,726 Calculate the following ratio for Barry Company. Round your answer to two decimal places. ROIC:Given the information below, determine the free cash flow for 2014. Income Statement (In Thousands) Sales Operating costs EBITDA Depreciation Earnings before interest and taxes Interest (8%) Earnings before taxes Taxes (40%) Net income Common dividends 2014 2013 $24,800.00 $22,000.00 $14,880.00 $13,200.00 $9,920.00 $8,800.00 -$920.00 $800.00 $9,000.00 $8,000.00 -$112.00 -$160.00 $8,888.00 $7,840.00 -$3,555.20 -$3,136.00 $5,332.80 $4,704.00 $2,082.00 $2,352.00
- Suppose the 2025 adidas financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities Cash $4,582 8,900 2,900 5,162 (c) 750 (a1) Compute the following values. Interest expense Income taxes Net income (a) Working capital. (Enter answer in millions.) $150 100 275 (b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) (d) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) $ ta millions :1 % timesJust Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION2017 and 2018 Balance SheetsAssetsLiabilities and Owners' Equity 20172018 20172018 Current assets Current liabilities Cash$ 10,400 $ 10,450 Accounts payable$ 72,250 $ 62,750 Accounts receivable28,000 27,200 Notes payable47,000 47,750 Inventory63,900 63,100 Total $ 119,250 $ 110,500 Total $ 102,300 $ 100,750 Long-term debt$ 63,000 $ 64,700 Owners' equity Common stock and paid-in surplus$ 83,000 $ 83,000 Fixed assets Retained earnings 157,050 190,550 Net plant and equipment$ 320,000 $ 348,000 Total$ 240,050 $ 273,550 Total assets $ 422,300 $ 448,750 Total liabilities and owners' equity $ 422,300 $ 448,750 Based on the balance sheets given for Just Dew It, calculate the following financial…Please include part D.