Financial Accounting: A firm's balance sheet shows the following: Assets Liabilities $580,000 $620,000 Shareholder's Capital $53,000 Owner's Equity ($150,000) The Retained Profit/Loss for the firm is
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- You find the following financial information about a company: net working capital = $7, 809; total assets $11,942; and long-term debt Multiple Choice $9, 115 $4, 507 $10, 339 $6, 129 $4, 133 = = = $1, 287; fixed assets $4,589. What is the company's total equity?Financial AccountingGeneral accounting question answer
- ABC Corporation has the following balance sheet. How much net operating working capital does the firm have? Cash Short-term investments Accounts receivable Inventory Current assets Net fixed assets Total assets O a. $285.00 O b. $15.00 O c. $68.00 O d. $82.00 Oe. $232.00 $10 Accounts payable Accruals 84 Notes payable 56 Current liabilities $150 Long-term debt 100 Common equity Retained earnings Total liab. & equity $250 $22 60 53 $135 30 30 55 $250subject : General accountingThe balance sheet for Zachary Corporation follows: Current assets. Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 234,000 770,000 $ 1,004,000 $ 141,000 456,000 597,000 407,000 $ 1,004,000
- General AccountingPlease see an attachment for details general AccountingThe current year financial statements for Blue Water Company and Prime Fish Company are presented below. Blue Water Prime Fish 41,300 39,500 97,500 Balance sheet: Cash Accounts receivable (net) Inventory Property & equipment (net) Other assets Total assets Current liabilities Long-term debt (interest rate: 15%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement: Sales revenue (1/2 on credit) Cost of goods sold Operating expenses Net income Other data: Per share stock price at end of current year Average income tax rate Dividends declared and paid in current year $ 144,500 84,300 $ 407,100 $ 97,500 67,100 150,100 29,300 63,100 $ 407,100 $ 442,500 (239,500) (161,600) $ 41,400 $ $ 22.3 45% 33,300 $ 20,700 31,900 41,800 404,600 308,000 $ 807,000 $ 53.500 60,600 515,000 106,300 71.600 $ 807,000 $ 799,000 (400,300) (311,300) $ 87,400 $ $ 149,500 18 45% Both companies are in the fish catching and manufacturing…
- Subject: general AccountingThe balance sheet for Fanning Corporation follows: Current assets $232,000 763,000 Long-term assets (net) Total assets $995,000 Current liabilities $153,000 460,000 613,000 382,000 Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $995,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio % Debt to assets ratio Debt to equity ratioPlease need answer the general accounting question