Problem 1-33A (Algo) Interrelationships among financial statements LO 1-5, 1-7, 1-8 [The following information applies to the questions displayed below) Pratt Corporation started the Year 2 accounting period with total assets of $38.000 cash, $16,000 of liabilities, and $13,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $15.050 The bookkeeper reported that Pratt paid cash expenses of $30.000 and paid a $2.800 cash dividend to stockholders, but she could not find a record of the amount of cash revenue that Pratt received for performing services Pratt also paid $11.000 cash to reduce the liability owed to a bank, and the business acquired $8.800 of additional cash from the issue of common stock. Assume all transactions are cash transactions Problem 1-33A (Algo) Part e e. Determine the percentage of total assets that were provided by creditors, investors and earnings (Round your answers to 2 decimal places.) Total Assets
Problem 1-33A (Algo) Interrelationships among financial statements LO 1-5, 1-7, 1-8 [The following information applies to the questions displayed below) Pratt Corporation started the Year 2 accounting period with total assets of $38.000 cash, $16,000 of liabilities, and $13,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $15.050 The bookkeeper reported that Pratt paid cash expenses of $30.000 and paid a $2.800 cash dividend to stockholders, but she could not find a record of the amount of cash revenue that Pratt received for performing services Pratt also paid $11.000 cash to reduce the liability owed to a bank, and the business acquired $8.800 of additional cash from the issue of common stock. Assume all transactions are cash transactions Problem 1-33A (Algo) Part e e. Determine the percentage of total assets that were provided by creditors, investors and earnings (Round your answers to 2 decimal places.) Total Assets
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
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Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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![Problem 1-33A (Algo) Interrelationships among financial statements LO 1-5, 1-7, 1-8
[The following information applies to the questions displayed below]
Pratt Corporation started the Year 2 accounting period with total assets of $38,000 cash, $16,000 of liabilities, and
$13,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $15.050
The bookkeeper reported that Pratt paid cash expenses of $30,000 and paid a $2.800 cash dividend to stockholders, but
she could not find a record of the amount of cash revenue that Pratt received for performing services Pratt also paid
$11.000 cash to reduce the liability owed to a bank, and the business acquired $8.800 of additional cash from the issue of
common stock. Assume all transactions are cash transactions
Problem 1-33A (Algo) Part e
e. Determine the percentage of total assets that were provided by creditors, investors, and earnings (Round your answers to 2
decimal places.)
Creditors
Investors
Earrings
Total Assets](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F70d1c92c-584f-4287-9230-8bac1737ffe3%2F9ae7ea42-c3a2-4bcc-b40c-362827bae51d%2Fgrhyof_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 1-33A (Algo) Interrelationships among financial statements LO 1-5, 1-7, 1-8
[The following information applies to the questions displayed below]
Pratt Corporation started the Year 2 accounting period with total assets of $38,000 cash, $16,000 of liabilities, and
$13,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $15.050
The bookkeeper reported that Pratt paid cash expenses of $30,000 and paid a $2.800 cash dividend to stockholders, but
she could not find a record of the amount of cash revenue that Pratt received for performing services Pratt also paid
$11.000 cash to reduce the liability owed to a bank, and the business acquired $8.800 of additional cash from the issue of
common stock. Assume all transactions are cash transactions
Problem 1-33A (Algo) Part e
e. Determine the percentage of total assets that were provided by creditors, investors, and earnings (Round your answers to 2
decimal places.)
Creditors
Investors
Earrings
Total Assets
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