Q4 Corporation financial statements at December 31 (in millions)ASSETSCashLIABILITIESAccounts payableNotes payableAccrued wagesAccrued taxesTotal current liabilities20X9S105.3.2.20X820X9$5101520X8$ 85.2.3.$ 4Accounts receivableInventory12Total current assetsLong-term debtCommon stockRetained carningsTotalNet fixed assets4040201020101520TotalSales $95, Cost of goods sold $50, Selling, general, and administrative expenses S15. Depreciation $3,Interest $2,Taxes $10(a) Prepare a flow of funds statement for 20X9 for the Corporation(b) Prepare a cash flow statement using the indircct method for Corporation.

In the given question, we are given the Financial Statement for December 31, 2019, and we are…

Answered: Q4 Corporation financial statements at…

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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RM'000 Operating profit 43-7 Sales revenue 910-4 Share capital and reserves 182-3 Long-term borrowing 77-9 Inventory 46-2 Receivables 97-8 Payables 51-3 Calculate the following: (ii) Current ratio
Turnover: $200 000,00 Cost of sales: $140 000,00 Profit before interest and tax: $12 000,00 Accounts receivable: $16 500,00 Accounts payable: $13 000,00 Inventory: $18 750,00 Bank/ (Overdraft): $4 000,00 Calculate Accounts receivable collection period Inventory holding period. Accounts payable payment period Current ratio Acid test ratio
Sales Revenues Cost of goods sold Fixed costs 48 16 Selling, general, and administrative expenses 22 Depreciation EBIT |laxes| 19 pastor Profit illa ESINOPATI 7 *** Tax rate Dividends paid ASSETS Current Assets Lish Accounts receivable Inventories Total current assets Cross Fixed assets Accumulated depreciation Net Fixed assets Intangible assets TOTAL ASSETS 40% $10 Partial Balance Sheet 12 31 2019 $4 6 LIABILITIES Current Liabilities Accruals Accounts payable 5 Total current liabilities Long-term debt Total Liabilities 70 OWNERS EQUITY 10 Retained earnings Common stock 0 total owner's equity |IOTAL LIABILITES & OWNERS SQUITY These are surtulative reliános szarnings haut textsenck strapl, calkat nainsi sum ASSETS LIABILITIES Total current assets Gros Fned assets Accumulated depreciation Intangbleaxeets Meninis prade Toral current liabilities 105 Toral liabilities OWNERS EQ L
ces The most recent financial statements for Bradley, Inc., are shown here (assuming no income taxes): Sales Costs Income Statement Net income Assets Total EFN $9,200 -5,520 $3,680 Balance Sheet Debt Equity $26,680 $26,680 Total $10,800 15,880 $26,680 Check my Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year's sales are projected to be $10,212. What is the external financing needed? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.)
Please help me
K The balance sheets of Prima Ltd. and Donna Corp. on December 31, Year 5, are shown below: Mc Graw Hill Cash Accounts receivable Inventory Plant Patents Current liabilities Long-term debt Common shares Retained earnings Cash Accounts receivable Inventory Plant Prima $ 374,200 84,200 100,400 514,800 104,400 $1,178,000 Trademarks Patents Current liabilities Long-term debt $ 164,800 262,000 356,800 394,400 $1,178,000 The fair values of the identifiable net assets of Donna Corp. on this date are as follows: $ 10,650 22,800 85,000 197,000 30,000 60,000 36,400 78,000 Donna $ 10,650 26,800 69,600 166,000 26,800 $ 299,850 $36,400 68,000 102,000 93,450 $ 299,850 In addition to the assets identified above, Donna owned a significant number of Internet domain names, which are unique alphanumeric names used to identify a particular numeric Internet address. These domain names can be sold separately and are estimated to be worth a total of $58,000. On January 1, Year 6, Prima Ltd. paid $315,000 in…
sub= 26 Subject= Finance
8
E Balance Sheet Murawski Company Balance Sheet December 31 Current Assets Cash and cash equivalents $330 $360 Accounts receivable (net) 470 400 Inventory 460 390 120 160 Prepaid expenses Total current assets 1.380 1.310 investments 10 10 Property, plant, and equipment 420 380 Intangibles and other assets 530 510 Total assets $2.340 $2.210 Current liabilities $900 $790 410 380 Long term liabilities. Stockholder's equity common 1.030 1,040 Total liabilities and stockholder's equity $2.340 $2.210 Income Statement Murawski Company Income Statement For the Years Ended December 31 2022 2021 $3.460 Sales Revenue Costs and expenses Cost of goods sold 890 Selling and Administrative expens 7.310 interest expense 20 Total costs and expenses 3,240 income before income taxes 220 income tax expense 60 Net Income $134 C 22 V 2022 $3,800 955 7,400 25 3,380 420 126 5294 2021 W Calculate the 2021 Inventory Turnover ratio. Use whole numbers rounded to 2 decimal places, if needed, as seen in the example…
5
Question: Use the information given below. Accounts Payable $125,000 Accounts Receivable $175,000 Accrued Expenses $80,000 Cash $50,000 Common Stock $20,000 Cost of Goods Sold $400,000 Depreciation Expense $30,000 Gross PPE $700,000 Inventory $250,000 Long Term Debt $150,000 Net PPE $250,000 Note Payable $30,000 Operating Expenses $200,000 Sales Tax Expense Total Equity $950,000 $25,000 $340,000 What is the value of total assets?
NRH Corp.Common-sizeIncome Statement Sales 100% Cost of goods sold 63 Operating expenses 21 Interest expense 5 Income tax 4 Net income 7% Sales $8,000,000 NRH Corp. Common-size Balance Sheet Cash 5% Accounts receivable 20 Inventory 25 PP&E, net 50 Total assets 100% Short-term debt 20% Long-term debt 35 Common equity 45 Total liabilities and equity 100% Total assets $6,000,000 NRH Corp’s current ratio is closest to: 1.90. 1.20. 2.50. NRH Corp’s times interest earned ratio is closest to: 1.6. 7.0. 3.2.

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