Assets Problem:The following items are components of a traditional balance sheet.Plant & equipmentCommon stockCashInventoryBad debt reserve$42,500$15,000$6,000$23,900$6,000Additional paid-in capital $6,000Accumulated depreciation $26,500Accounts Receivable$22,000How much are the total assets of the firm?

Explanation of Total Assets: Total assets represent all the resources owned by a company that have…

Answered: Problem: The following items are…

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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a. How much total operating capital does the firm have? Show all work. b. Briefly discuss the importance of operating income to a company.
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4. Technology Systems has the following balance sheet. Assume that all current assets are used in operations. How much net operating working capital does the firm have? Also, how important is net operation working capital to a company? Cash Accounts receivable Inventory Current assets Net fixed assets Total assets $ 100 650 550 Accounts payable Accruals Notes payable Current liabilities Long-term debt Common equity Retained earnings $2,300 Total liab. & equity $ 1,300 $1,000 $ 200 110 590 $ 900 600 300 500 $2,300
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Wu Systems has the following balance sheet. Assume that all current assets are used in operations. How much net operating working capital does the firm have?
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MC.03.083.Algo Wu Systems has the following balance sheet. Assume that all current assets are used in operations. How much net operating working capital does the firm have? Cash Accounts receivable Inventory Current assets Net fixed assets Total assets O a. $400 b. $1,770 O c. $2,200 d. $470 e. $830 $ 70 Accounts payable 720 Accruals 510 $1,300 1,000 Notes payable Current liabilities Long-term debt Common equity Retained earnings $2,300 Total liab. & equity $ 250 220 430 Question 3 of 40 $ 900 640 260 500 $2,300
d. what is its current ratio
Here are data on two firms: Equity ($ million) ROC (%) Cost of Capital (%) Debt ($ million) Аспе 140 60 16 10 Арех 440 160 14 11 a-1. Calculate the economic value added? (Do not round intermediate calculations. Enter your answers in millions) Acme Aрех Economic value added milion milion
The financial statements of the company 'MPD Development' are given below (all amounts are in euros) and some accounts/funds are omitted (they are with a question mark): Balance sheet of the company 'MPD Development' 31.12.2021 Assets Plots ● Buildings Mechanical equipment Participations in AE Non-current (fixed) assets Stocks Commercial requirements Cash and cash equivalents Current assets Total assets Liability Share capital Result in a new Net worth (Equity) Long-term loan Long-term liabilities Expenses payable Short-term liabilities Total liabilities Total Liabilities Earnings before interest and tax (RTD) (+) Interest on credit (-) Interest debited Earnings before tax (CCP) Income statement 'MTF Development' 31.12.2021 Sales (net) (-) Cost of sales Gross profit (-) Miscellaneous expenses (-) Taxes Net profit 15.000 ; ; 6.250 ; 24.000 Current liabilities / Equity = 0.25 Plots are 2 times larger in value than Buildings ; ; ; ; 20.000 ; ; ; ; ; ; ; ; ; 51.000 ; ; 3.000 0 ; ; Also,…
Use the following balance sheet and income statement to calculate the firm's return on equity: Balance Sheet Assets: Cash Accounts Receivable Inventories Land Other Fixed Assets Liabilities & Owners' Equity Accounts Payable Long Term Debt Common Stock Paid in Capital Retained Earnings 30.3% 28.0% 27.5% O 45.1% 36.2% $9,000 26,000 19,500 49,000 70,000 12,000 53,400 2,000 80,000 26,100 Income Statement Sales (all credit) Cost of Goods Sold Operating Expenses Depreciation Interest Expense Taxes $255,000 (153,000) (45,000) (3,000) (9,000) (15,300)

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