Question 7) The following accounts are from Patty's Paws Co. at December 31, 2022. $235,800 Buildings Common stock 181,240 175,348 67,270 20,510 Retained earnings (January 1, 2022) Accumulated depreciation - buildings Cost of goods sold Accounts payable Notes payable Accumulated depreciation - equipment Inventory Sales revenue Interest payable Accounts receivable Prenaid rent 19,540 99,600 15,600 67,350 55,350 3,600 12,600 3,660

Question 7) The following accounts are from Patty's Paws Co. at December 31, 2022. $235,800 Buildings Common stock 181,240 175,348 67,270 20,510 Retained earnings (January 1, 2022) Accumulated depreciation - buildings Cost of goods sold Accounts payable Notes payable Accumulated depreciation - equipment Inventory Sales revenue Interest payable Accounts receivable Prenaid rent 19,540 99,600 15,600 67,350 55,350 3,600 12,600 3,660

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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please prepare a classified balance sheet of Freight company for the year ended december 31,2022
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Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales $ 9,250 Cost of goods sold 7,550 Depreciation 330 Earnings before interest and taxes $ 1,370 Interest paid 82 Taxable income $ 1,288 Taxes 270 Net income $ 1,018 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 2020 2021 Cash $ 200 $ 215 Accounts payable $ 1,380 $ 1,587 Accounts received 950 850 Long-term debt 1,000 1,178 Inventory 1,620 1,580 Common stock 3,200 2,950 Total $ 2,770 $ 2,645 Retained earnings 510 760 Net fixed assets 3,320 3,830 Total assets $ 6,090 $ 6,475 Total liabilities & equity $ 6,090 $ 6,475 Windswept, Incorporated, has 350 million shares of stock outstanding. Its price-earnings ratio for 2021 is 12. What is the market price per share of stock?
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