Little Grocery Supplier Statement of Income For the period ending 31.12.2017 Sales Cost of goods sold Operating Expenses Bad debts expense Operating Income Non Operating items Interest Revenue Net Income Statement of Stockholders Equity For the period ending 31.12.2017 Beginning Common Stock Plus:Stock Issued Ending Common Stock Beginning Retained Earnings Add:Net Income Less:Dividends Ending Potainod Earnings 19000 1600 50000 20000 54500 48880 -5000 160000 91000 69000 20600 48400 480 48880 70000 09290

Little Grocery Supplier Statement of Income For the period ending 31.12.2017 Sales Cost of goods sold Operating Expenses Bad debts expense Operating Income Non Operating items Interest Revenue Net Income Statement of Stockholders Equity For the period ending 31.12.2017 Beginning Common Stock Plus:Stock Issued Ending Common Stock Beginning Retained Earnings Add:Net Income Less:Dividends Ending Potainod Earnings 19000 1600 50000 20000 54500 48880 -5000 160000 91000 69000 20600 48400 480 48880 70000 09290

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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You are presented with the following information: Concord Ld. Trading and profit and loss account for the year ended 31 December 2009 £000 1.000 E000 Sales Less: Cost of goods aold: Opening Stock Purchases 200 700 900 Less: Closing Stock 300 Gross profit Operating expenses Operating profit Debenture interest Net profit before taxation Taxation 600 400 (240) 160 (10) 150 (50) 100 (60) 40 Net profit after taxation Dividends Retained profit for the year Concord Ltd. Balance sheet as at 31 December 2008 C000 2009 L000 E000 FO00 1,050 255 Fixed assets at cost 900 Less: Accumulated Depreciation 150 750 795 Current assets: Stocks Trade debtors Cash 200 120 300 150 20 340 45 495 Less: Current liabilities: Trade creditors Taxation Proposed dividend 70 90 50 40 30 140 60 200 950 200 295 1,090 Capital and resenes: Ordinary shares of £1 each Profit and loss accounts 750 200 950 750 240 990 Loans Debenture stock (10% issued on 1 Jan 2009) 100 1.090 950 Required: Prepare a cash flow statement (in…
TABLE 2.5 2009-2013 Financial Statement Data and Stock Price Data for Mydeco Corp. Mydeco Corp. 2009-2013 (All data as of fiscal year end; in S million) Income Statement Revenue 2013 604.1 2009 2010 2011 2012 404.3 363.8 424.6 510.7 Cost of Goods Sold Gross Profit Sales and Marketing Administration (1883) (173.8) (206.2) (293.4) (246.8) 263.9 (102.1) (66.4) 216.0 190.0 2184 310.7 (66.7) (60.6) (27.3) (66.4) (59.1) (82.8) (59.4) (34.3) (120.8) (78.5) (38.6) Depreciation & Amortization EBIT Interest Income (Expense) (27.0) 37.5 38.4) 57.0 61.4 41.9 72.8 (33.7) 27.7 (32.9) 4.6 32.2) 9.7 (37.4) 19.6 (39.4) 33.4 (11.7) Pretax Income Income Tax (9.7) 18.0 (1.6) 3.0 (3.4) 6.3 (6.9) 12.7 Net Income 21.7 Shares eatstanding (milliona) Earnings per share 55.0 $0.33 55.0 $0.05 55.0 $0.11 55.0 $0.23 55.0 $0.39 Balance Sheet 2009 2010 2011 2012 2013 Assets Cash 48.8 68.9 69.8 86.3 69.8 28.4 77.5 76.9 85.0 Accounts Receivable 88.6 86.1 Inventory Total Current Assets Net Property, Plant & Equip.…
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Fortune Corporation's comparative balance sheet showed noncash current assets and liabilities as follows: Dec. 31, Year 2 Dec. 31, Year 1 $7,639 $4,034 11,762 16,277 4,443 5,510 4,585 2,265 Accounts receivable Merchandise inventory Accounts payable Dividends payable Adjust Year 2 net income of $48,103 for changes in current operating assets and liabilities to arrive at net cash flows from operating activities using the indirect method.
Net Sales COGS Net Income Accounts Receivable Inventory Current Assets Fixed Assets Total Assets Current Liabilities Long-Term Debt Total Liabilities Shareholder's Equity Number of Shares Outstanding now Transcribed Text 1 10586 1582 2936 3333 1 7929 7294 15223 3026 288 3314 11909 7493 G C 2 4048 2025 21 230 44 299 1281 1580 369 245 614 966 48 Questions 1. What company collects its receivables the slowest? 2 w 3 213 66 7 9 16 68 12 80 23 1 24 56 24
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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
calculate retained earnings end of current period shareholders equity