Table 1Jones Company Financial InformationNet incomeAccounts receivableAccumulated depreciationCommon stockPaid-in capitalRetained earningsAccounts payable2) $3,3753) $3,900December 20084) $2,980$1,5007501,1254,5007,5001,500750December 2009$3,0007501,5005,2508,250Based on the information in Table 1, calculate the after tax cash flow from operations for2009 (no assets were disposed of during the year, and there was no change in interestpayable or taxes payable)1) $4,5002,250750

Operating cash flow is the cash flow from the main business operating activities after doing…

Answered: Net income Accounts receivable…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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MONTGOMERY INC.Comparative Balance SheetsDecember 31 Current Year Prior Year Assets Cash $ 30,800 $ 31,000 Accounts receivable, net 8,900 10,900 Inventory 79,800 63,000 Total current assets 119,500 104,900 Equipment 44,200 37,300 Accum. depreciation—Equipment (19,900 ) (13,800 ) Total assets $ 143,800 $ 128,400 Liabilities and Equity Accounts payable $ 21,200 $ 22,900 Salaries payable 400 500 Total current liabilities 21,600 23,400 Equity Common stock, no par value 102,400 94,100 Retained earnings 19,800 10,900 Total liabilities and equity $ 143,800 $ 128,400 MONTGOMERY INC.Income StatementFor Current Year Ended December 31…
# 4 Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 174,268.00 Depreciation expense 21,600 22,844.00 Interest expense 16,200 16,594.00 Inventories 111,600 115,200 Long-term debt 135,000 139,107.00 Net fixed assets 379,291.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 60,963.00 Retained earnings 122,400 136,800 Sales 255,600 335,919.00 Taxes 9,900 19,451.00 What is the current year's cash balance? Submit Answer format: Number: Round to: 0 decimal places.
Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: $104,000 0 34,500 490,000 Notes payable Stockholders' equity: Common stock 590,000 590,000 Retained earnings 1,815,500 1,754,200 Total liabilities and stockholders' equity $3,034,000 $2,948,000 Earnings per share for the year ended December 31, 2024, are $1.25. The closing stock price on December 31, 2 Required: Calculate the following profitability ratios for 2024. (Use 365 days a year. Round your final answers to 1 decima Profitability Ratios 1. Gross profit ratio 2. Return on assets 3. Profit margin 4. Asset turnover 5. Return on equity 6. Price-earnings ratio 38.6% 42.3 % 14.4 % 2.9 times 53.2 % 17.1 1,095,000 (398,000) $3,034,000 1,095,000 (199,000) $2,948,000 $80,000 3,900 29,900 490,000
Prepare a classified balance sheet as of December 31, 2022 Cash 49104 Accounts Receivable 44880 Inventory 19976 Land 57200 Buildings 83600 Equipment 35200 Accumulated Dep-Buildings 29040 Accumulated Dep-Equipment 15840 Account Payable 16984 Interest Payable 4400 Dividends Payable 5900 Unearned Rent Revenue 1760 Bonds Payable 44000 Preferred Stock 17600 Paid-in Capital in Excess of Par-Preferred Stock 1760 Common Stock 35200 Paid-in Capital in Excess of Par-Common Stock 16720 Retained Earnings 66044 Treasury Stock 12936 Cash Dividends 5940 Sales Revenue 501600 Rent Revenue 5280 Bad Debt Expense 4092 Interest Expense 4400 Cost of Goods Sold 352000 Depreciation Expense 5808 Other Operating Expenses 34320 Salaries and Wages Expenses 57200 766656 766656
5
Question No. 1: Given Data Net interest income 810 Provision for loan loss 90 Total non-interest expenses 840 3060 Total interest income A Income taxes 60 Increase in bank's undivided profits 84 Total non-interest income 360 Securities gain (losses) (30) Extraordinary items (15) Using the above data please calculate the following items: | No. Item 1 Net Income after Taxes 2 Total Operating Revenues Total Operating Expenses to Dividends Paid Common Stockholders. Net Noninterest Income 3 4 $ Solve for Net Income After Taxes Total Interest Income Total Int. Expenses Provision Loan Loss Noninterest Income Noninterest expenses Pretax Securities losses Pretax net Tax Before Extraordinary Extraordinary Net Income after Taxes Calculation I
Balance Sheet Equity APIC Events Assels Liab Acct Payable Div Payable Notes Payable Cash 257.000.00 S Acct Rec 17,500.00 $ Inventory 28.000.00 Common Stock 200,000.00$ Equipment Land 50,000.00 | $ |Accum Depr 8,333.00 $ Wages Payable Retahed Earnings 176,167.00 Account Titles for Retained Earnings Building 250.000.00-| Beginning Balances as of Dec 31, Year 1 118,000.00 100,000.00 $ 500,000 1.Acquired $550,000 by signing a note payable with a local bank 2. Sold 25.000 shares of $22 Common Stack for $1,500,000 3. Purchased Equipment for $300.000 4. Purchased Inventory on Account - 25,000 Units at $1.15 per unit Sa. Sold 15,000 units at $3.50 on Account 5b. COGS for Sales on AccoLnt 6. Collect $70,000 on Account 7. Paid $117,250 of Accounts Payable 8. Purchased Inventory on Account - 170.000 Units at $1.50per unit 9a. Sold 175,000 units at $3.50 on Account 9b. COGS for Sales on Account 10. Collect $472,500 on Account 11. Paid $218.600 of Accounts Payable 12. Purchased Inventory on…
Balance Sheet December 31 Assets Cash Inventory Equipment Accounts receivable Less: Accumulated depreciation $ 21,000 520,000 142,500 $ 624,000 78,000 546,000 Total assets $ 1,229,500 Liabilities and Equity Liabilities Accounts payable Loan payable Taxes payable (due March 15) $ 355,000 11,000 88,000 454,000 Equity Common stock Retained earnings $ 474,500 301,000 775,500 Total liabilities and equity $ 1,229,500 To prepare a master budget for January, February, and March, use the following information. a. The company's single product is purchased for $30 per unit and resold for $58 per unit. The inventory level of 4,750 units on December 31 is more than management's desired level, which is 20% of the next month's budgeted sales units. Budgeted sales are January, 6,500 units; February, 9,000 units; March, 11,000 units; and April, 10,000 units. All sales are on credit. b. Cash receipts from sales are budgeted as follows: January, $233,100; February, $722,857; March, $519,245. c. Cash…
Aa.1
Cash Accounts Receivable, Net Inventory Property, Plant and Equipment, net Total Assets Accounts Payable Mortgage Payable Common Stock, par $5 Retained Earnings Total Liabilities and Owners' Equity Sales for the year Cost of Goods Sold Net Income for the year 2021 25 65 50 140 280 50 100 90 40 280 4. Calculate the earnings per share. Show work. A. $3.00 B. $4.00 $100 C. $2.00 D. $2.50 50 36 2. Using horizontal analysis, what is the change in inventory? A. 35% increase B. 35% decrease C. 25% increase D. 25% decrease Using the information above, answer the following questions. 1. Using vertical analysis, what percentage is Mortgage Payable for year 2021? Show work. A. 34.23% B. 35.71% C. 40% D. 36.71% 3. Calculate the Accounts Receivable Turnover. Show work A. 1.6 times B. 1.6% C. 1.8 times D. 1.8% 2020 30 60 40 155 285 60 110 90 25 285
2
earnings. Cash Accounts Receivable (net) Inventory Investments Net income Increase (Decrease) $69,570 53,800 $ 130,500 (47,390) Accounts Payable Bonds Payable Common Stock Paid-In Capital in Excess of Par-Common Stock Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $26,900 which was paid in the current year. Increase (Decrease) $(51,240) 83,080 131,900 15,920

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Net income Accounts receivable Accumulated depreciation Common stock Paid-in capital Retained earnings Accounts payable $1,500 750 1,125 4,500 7,500 1,500 750 $3,000 750 1,500 5,250 8,250 2,250 750