Ans with steps 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

See similar textbooks

Similar questions

Help calculating Balance sheet items with limited information. Specifically need to know how to calculate these: cash, A/R (net) Iinventory Property, plant, and Equipment (net) current liabilities long-term liabilities shareholder equity Known info-Interest expense of $9 and income tax expense of $26 debt to equity ratio 1.0 current ratio 2.0 Acid-test ratio 1.0 times interest earned ratio 10 times return on assets 25%Return on equity 50%profit margin on sales 10%gross profit margin 30%inventory turnover 9 times receivables turnover 15 times.
From the following information of Axis Limited compute the Replacement Cost Value / Net Substantial Value Liabilities Equity Share Capital Preference Share Capital Reserves and Surplus Adjustment Long-term Debt Short-term Debt Creditors Amount (Mn$) 2000 1100 800 1400 800 1700 Assets 1100 Debtors 8,900 Fixed Assets Inventories Cash and Bank Balance Amount (Mn$) 4100 2350 1150 1300 8,900
Market Value Capital Structure Suppose the Schoof Company has this book value balance sheet: value capital structure. Do not round intermediate calculations. Round the monetary values to the nearest dollar and percentage values to two decimal places. Short-term debt Long-term debt Common equity Total capital $
Suppose a firm has the following information: Operatingcurrent assets = $2.7 million; operating current liabilities =$1.5 million; long-term bonds = $3 million; net plant andequipment = $7.8 million; and other long-term operating assets =$1 million. How much is tied up in net operating workingcapital (NOWC)? ($1.2 million) How much is tied up in total netoperating capital? ($10 million)
Give typed solution
What's the total asset turnover ratio of this company? Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity (1 million shares of common stock outstanding) Total liabilities and owner's equity Net sales (all credit) Less: Cost of goods sold Selling and administrative expense Depreciation expense Interest expense Earnings before taxes Income taxes Net income 1.41 2.33 O 4.45 1.11 8,000,000 (2,075,000) $600,000 900,000 1,500,000 75,000 $3,075,000 $5,925.000 $9,000,000 $800,000 700,000 50,000 $1,550,000 2,500,000 4,950,000 $9,000,000 $10,000,000 (3,000,000) (2,000,000) (250,000) (200,000) 4,550,000 (1,820,000) $2,730,000
The balance sheet of Koehn, Incorporated, has the following balances: Cash Accounts receivable Inventory Beginning balance $ 30,300 48,200 126,500 611,900 Ending balance 43,200 415,000 $ 32,800 51,600 129,200 574,300 53,600 304,200 Net fixed assets Accounts payable Long-term debt What is the amount of the change in net working capital?
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,…
Find 'return on invested capital'.
Given answer
Data pertaining to the current position of Lucroy Industries Inc. follow:Cash $ 800,000Marketable securities 550,000Accounts and notes receivable (net) 850,000Inventories 700,000Prepaid expenses 300,000Accounts payable 1,200,000Notes payable (short-term) 700,000Accrued expenses 100,000Instructions1. 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 RatioCompute the working capital, the current ratio, and the quick ratio after each of the…

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS