Prepare a classified balance sheet as of December 31, 2022Cash49104 Accounts Receivable44880 Inventory19976 Land57200 Buildings83600 Equipment35200 Accumulated Dep-Buildings 29040Accumulated Dep-Equipment 15840Account Payable 16984Interest Payable 4400Dividends Payable 5900Unearned Rent Revenue 1760Bonds Payable 44000Preferred Stock 17600Paid-in Capital in Excess of Par-Preferred Stock 1760Common Stock 35200Paid-in Capital in Excess of Par-Common Stock 16720Retained Earnings 66044Treasury Stock12936 Cash Dividends 5940 Sales Revenue 501600Rent Revenue 5280Bad Debt Expense4092 Interest Expense 4400 Cost of Goods Sold352000 Depreciation Expense5808 Other Operating Expenses34320 Salaries and Wages Expenses57200 766656766656

There is a difference of $ 4528 between the debit and credit side of the given Trial balance. Hence,…

Answered: Prepare a classified balance sheet as…

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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Sandhill Co. reported the following information for 2020: Sales revenue $2520000 Cost of goods sold 1748000 Operating expenses 282000 Unrealized holding gain on available-for-sale securities 85700 Cash dividends received on the securities 9200 For 2020, Sandhill would report comprehensive income of A.$85700. B.$499200. C.$575700. D.$584900.
Evaluate the company's perfomance and position using financial ratio analysis
Please make solve part (d to f)
A6
Please fill out vertical analysis of this balance sheet to determine component percentage of assets liabilities and stockholders equity based on data. Round percentages to the nearest hundredths percent
Please answer all requirements
An analysis of R Corporation's Investment in Marketable Securities account during 20x6 disclosed the following: Debit Entries P175,000 Credit Entries P245,000 The company's come statement included a P35,000 gain on sale of marketable securities and P20,000 dividend income from marketable securities. All payments and proceeds relating to marketable securities transactions were in cash. 1. Cash Paid for the purchase of marketable securities 2. Cash proceeds recerved for the sale of marketable securities 3. Cash flow from operating activities 4. Cash flow from investing activities. Usc negative sign if your answer is net cash used.
Problem 2 You are the controller for 21" Century Technologies. Your staff has prepared an income statement for the current year and has developed the following additional information by analyzing changes in the company's balance sheet accounts. 21 Century Technologies Income Statement For the year ended December 31, 2009 Revenue: Net Sales Interest Revenue Gain on sales of marketable securities Costs and expenses: Costs of goods sold Operating expenses (including depreciation of $225 000) Interest expense Income tax expense Loss on sales of plant assets Net Income 4,800,000 60,000 $1,000 2,430,000 1,860,000 63,000 150,000 18,000 390,000 Additional information: 1. Accounts receivable increased by $90 000 2. Accrued interest receivable decreased by $3 000 3. Inventory decreased by $90 000 and accounts payable to suppliers of merchandise decreased by $24 000 4. Short-term prepayments of operating expenses increased by $9 000 and accrued liabilities for operating expenses decreased by $12…
J-Mark Superstores provides the following selected financial data. Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant and equipment Long-term investments Total asset 2024 $ 852,540 45,050 1,120,545 2023 $ 750,235 39,194 1,030,901 2,812,020 2,615,179 4,212,686 3,749,291 96,555 82,072 9,139,396 8,266,871 Total liabilities 4,204,122 3,968,098 Total stockholders' equity 4,935,274 4,298,773 Net sales 15,579,865 13,710,281 Operating income 5,452,953 4,661,496 Interest expense 157,655 148,804 Investment income 5,947 4,851 Calculate the return on investments ratio for 2024. Note: Round your answer to 1 decimal place. Answer is complete but not entirely correct. Return on investments ratio 4.2 × %
Find earnings per share 2019
Please help me fast
Data pertaining to the current position of Forte Company follow:Cash $412,500Marketable securities 187,500Accounts and notes receivable (net) 300,000Inventories 700,000Prepaid expenses 50,000Accounts payable 200,000Notes payable (short-term) 250,000Accrued expenses 300,000 Instructions1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios in parts b through j to one decimal place.2. List the following captions on a sheet of paper:Transaction Working Capital Current Ratio Quick Ratio Compute the working capital, the…

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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