Ramakrishnan, Incorporated, reported 2024 net income of $40 million and depreciation of $2,900,000. The top part of Ramakrishnan,Incorporated's 2024 and 2023 balance sheets is reproduced below (in millions of dollars):2024202320242023Current assets:Current liabilities:Cash and marketable securitiesAccounts receivable$ 45$ 1685Inventory16182124Accrued wages and taxesAccounts payableNotes payable$ 28$ 2589858580Total$ 291$ 222Total$ 202$ 190Calculate the 2024 net cash flow from operating activities for Ramakrishnan, Incorporated.Note: Enter your answer in dollars not in millions.Net cash flow

STATEMENT OF CASH FLOWSA statement of cash flows is a component of financial statements summarizing…

Answered: Ramakrishnan, Incorporated, reported…

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

Problem 1PS

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The 2024 income statement of Adrian Express reports sales of $20,710,000, cost of goods sold of $12,600,000, and net income of $1,980,000. Balance sheet information is provided in the following table. Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets ADRIAN EXPRESS Balance Sheets December 31, 2024 and 2023 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Industry averages for the following four risk ratios are as follows: Gross profit ratio Return on assets Profit margin Asset turnover Return on equity 45% 25% 15% 8.5 35% times 2024 2023 $840,000 $930,000 1,775,000 1,205,000 2,245,000 1,675,000 5,040,000 4,410,000 $9,900,000 $8,220,000 $2,074,000 $1,844,000 2,526,000 2,584,000 2,075,000 2,005,000 3,225,000 1,787,000 $9,900,000 $8,220,000 Complete this question by entering your answers in the tabs below. Required: 1. Calculate the five…
The current sections of Vaughn Inc's balance sheets at December 31, 2019 and 2020, are presented here. Vaughn's net income for 2020 was $214,500. Depreciation expense was $48,000. Current assets Cash Accounts receivable Inventory Prepaid expense Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2020 2019 128.000 $126.500 $110,500 100.500 165,500 195,000 50,000 32,500 $470,000 $438.500 $38,000 $16.500 96,500 116,000 $134,500 $132,500 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a sign eg-15,000 or in parenthesis eg. (15,000)) VAUGHN INC. Partial Statement of Cash Flows
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Consider the following financial data for Terry Enterprises: Balance Sheet as of December 31, 2018 Cash $ 86,000 Accounts payable $ 15,500 Accts. receivable 91,500 Notes payable 93,500 Inventories 65,500 Accruals 19,500 Total current assets $ 243,000 Total current liabilities $ 128,500 Long-term debt 162,500 Net plant & equip. 419,500 Common equity 371,500 Total assets $ 662,500 Total liab. & equity $ 662,500 Statement of Earnings for 2018 Industry Average Ratios Net sales $ 642,500 Current ratio 2.2× Cost of goods sold 482,000 Quick ratio 1.7× Gross profit $ 160,500 Days sales outstanding 44 days Operating expenses 119,500 Inventory turnover 6.7× EBIT $ 41,000 Total asset turnover 0.6× Interest expense 14,500 Net profit margin 7.2% Pre-tax earnings $ 26,500…
Gulf Shipping Company Balance Sheet As of January 24, 2023 (amounts in thousands) Cash 14,300 Accounts Payable Accounts Receivable 4,100 Inventory 5,800 Property Plant & Equipment 14,800 Other Assets 700 1,900 3,200 4,000 9,100 7,700 22,900 30,600 39,700 Total Liabilities & Equity 39,700 Debt Other Liabilities Total Liabilities Paid-In Capital Retained Earnings Total Equity Total Assets Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T-accounts, and construct a balance sheet to answer the question. Jan 25. Sell, deliver, and receive payment of $25,000 for service Jan 26. Consume good or service and pay expense of $1,000 Jan 27. Sell product for $30,000 in cash with historical cost of $24,000 What is the final amount in Total Liabilities & Equity?
he current sections of Skysong, Inc.’s balance sheets at December 31, 2021 and 2022, are presented here.Skysong’s net income for 2022 was $152,700. Depreciation expense was $27,600. 2022 2021 Current assets Cash $107,600 $95,900 Accounts receivable 78,400 89,400 Inventory 167,800 172,100 Prepaid expenses 26,800 22,000 Total current assets $380,600 $379,400 Current liabilities Accrued expenses payable $15,800 $8,600 Accounts payable 84,900 95,500 Total current liabilities $100,700 $104,100 Prepare the net cash provided by operating activities section of the company’s statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Given the data in the following table, the entry for Inventories on the 2023 common-sized balance sheet was %.
Cullumber company has these comparative balance sheet data:
The net income for 2025 was $26,070. Assume that total assets are the same in 2024 and 2025. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%) (a) (b) (c) (d) Current ratio Acid-test ratio Debt to assets ratio Return on assets % %
.
Which of the following statements is TRUE about Verizon's financial statements? verizon Consolidated Balance Sheets (In millions of dollars) As of As of Dec 31, 2020 $ 22,171 Dec 31, 2019 $ 2,594 ASSETS Cash and cash equivalents Accounts receivable 23,917 25,429 Inventories 1,796 1,422 Prepaid expenses and other current assets 6,710 8,028 Total current assets 54,594 37,473 Property and equipment, net Intangible assets Other long-term assets 94,833 91,915 152,814 151,640 10,699 $ 291,727 14,240 Total assets $ 316,481 LIABILITIES & EQUITY Debt maturing within one year $ 5,889 $ 10,777 Accounts payable and accrued liabilities 20,658 21,806 Other current liabilities 13,113 12,285 Total current liabilities 39,660 44,868 Long-term debt 123,173 100,712 Other long-term liabilities 84,376 83,312 Total liabilities 247,209 228,892 Common stock and additional paid in capital 13,833 13,858 Retained earnings 60,464 53,147 Accumulated other comprehensive income (5,025) (4,170) Total shareholders'…
The following December 31, 2024, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents Accounts receivable (net) $ 6,300 33,000 73,000 Inventory Property, plant, and equipment (net) 185,000 Accounts payable 52,000 Salaries payable Paid-in capital 24,000 165,000 The only asset not listed is short-term investments. The only liabilities not listed are $43,000 notes payable due in two years and related accrued interest payable of $1,000 due in four months. The current ratio at year-end is 1.5:1. Required: Determine the following at December 31, 2024: 1. Total current assets 2. Short-term investments 3. Retained earnings

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