Required: Compute the missing amounts on the company's financial statements. (Hint: What's the difference between the acid-test ratio and the current ratio?) (Do not round intermediate calculations.)

The following information was drawn from the year-end balance sheets of Munoz River, Incorporated. Year 2 $675,000 213,000 Account Title Bonds payable Common stock Treasury stock Retained earnings Additional information regarding transactions occurring during Year 2: 1. Munoz River, Incorporated issued $49,800 of bonds during Year 2. The bonds were issued at face value. All bonds retired were retired at face value. 35,000 89,600 2. Common stock did not have a par value. 3. Munoz River, Incorporated uses the cost method to account for treasury stock. 4. The amount of net income shown on the Year 2 income statement was $35,100. Required a. Determine the amount of cash flow for the retirement of bonds that should appear on the Year 2 statement of cash flows. b. Determine the amount of cash flow from the issue of common stock that should appear on the Year 2 statement of cash flows. c. Determine the amount of cash flow for the purchase of treasury stock that should appear on the Year 2…

.

Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $51,900; total assets, $249,400; common stock, $81,000; and retained earnings, $36,386.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Operating expenses Interest expense Income before taxes Income tax expense Net income CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 448,600 297,950 Cost of goods sold Gross profit (1) Req 1 and 2 Req 3 Req 4 Req 5 (2) $ 18,000 8,400 150,650 98,700 4,200 47,750 19,236 $ 28,514 Complete this question by entering your answers in the tabs below. Compute the current ratio and acid-test ratio. Numerator: 30,400 34,150 2,750 150,300 $ 244,000 Total liabilities and equity Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales…

he following are changes in all account balances of Concord Furniture during the current year, except for retained earnings.     Increase(Decrease)       Increase(Decrease) Cash   £ 75,900     Accounts Payable   £( 56,100 ) Accounts Receivable (net)   49,500     Bonds Payable   90,200   Inventory   139,700     Share Capital—Ordinary   151,800   Investments   ( 51,700 )           Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of £ 26,400 which was paid in the current year. Net income

None

Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were Inventory. $55,900: total assets. $199.400: common stock. $86.000: and retained earnings. $30,037.) Assets Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets CABOT CORPORATION Income Statement CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity $ 8,000 Accounts payable 8,800 Accrued wages payable 30,200 Income taxes payable 30,150 Long-term note payable, secured by mortgage on plant assets 2,500 151,300 Common stock Retained earnings $ 230,950 Total liabilities and equity $16,500 3,400 2,800 63,400 86,000 58,850 $ 230,950 For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense Net incone Required: $ 448,600 297,250 151,350…

Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: Note: Round answers to two decimal places. 1. Calculate the times-interest-earned ratio. 2. Calculate the debt ratio. 3. Calculate the debt-to-equity ratio.

Assume that as of January 1, 20Y8, Sylvester Con- suiting has total assets of $500,000 and total assets of $150,000. As of December 31, 20Y8, Sylvester has total liabilities of $200,000 and total stockholders’ equity of $400,000. (a) What was Sylvester’s stockholders’ equity as of January 1, 20Y8? (b) Assume that Sylvester did not pay any dividends during 20Y8. What was the amount of net income for 20Y8?

The following accounts and corresponding balances were drawn from Dexter Company's Year 2 and Year 1 year-end balance sheets. Account Title Bonds payable Year 1 $300,500 282,300 Year 2 $213,200 373,300 Common stock Other information drawn from the accounting records: 1. Dividends paid during the period amounted to $44,800. 2. There were no bond liabilities issued during the period. Required a. Compute the amount of cash flow associated with the repayment of bond liabilities. b. Compute the amount of cash flow associated with the issue of common stock. c. Prepare the financing activities section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the amount of cash flow associated with the repayment of bond liabilities. Cash flow for the repayment of bond liabilities