Required: ow much did Bryant Company have in revenues for the year? Assets, January 1 Liabilities, January 1 Assets, December 31 Liabilities, December 31 Issuance of stock Revenues Expenses Dividends $ 41,000 24,000 63,000 42,000 2,800 2,600 2,400
Q: Five Measures of Solvency or Profitability The balance sheet for bearing Industries Inc at the end…
A: Formulas:Times interest earned ratio = Income before interest and tax / Interest expenseEarnings per…
Q: Denna Company's working capital accounts at the beginning of the year follow: Cash Marketable…
A: Working capital is the capital or amount for day to day use in the business. Current ratio is the…
Q: Chartreuse Corporation reported the following information at the end of its firs Common stock:…
A: Introduction:- The word "cost" has a very specific meaning. It refers to the transfer of money or…
Q: Long-Term Solvency Analysis The following information was taken from Celebrate Company's balance…
A: A. RATIO OF FIXED ASSETS TO LONG-TERM LIABILITIES = FIXED ASSET / LONG-TERM LIABILITIES B. RATIO…
Q: Assets Cash Balance Sheet As of December 31, Year 4 Accounts receivable (net) Inventory Property,…
A: Balance sheet is the financial statement prepared by the entity for the purpose of determining its…
Q: Current Position Analysis The following data were taken from the balance sheet of Nilo Company at…
A: The liquidity ratios include current ratio, quick ratios and working capital. The current ratio is…
Q: (2) Compute total asset turnover for the current year and one year ago. Current Year: 1 Year Ago:…
A: The total asset turnover ratio helps in the measurement of the efficiency of the assets of the…
Q: Assets Cash FURTEN COMPANY Comparative Balance Sheets December 31 Accounts receivable Inventory…
A: The cash flow statement is one of the financial statements of the business. The cash flow statement…
Q: Profitability ratios The following selected data were taken from the financial statements December…
A: The ratio is the technique used by the prospective investor or an individual or strategist to read…
Q: Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial…
A: Operating income is the difference between total revenue and total operating expense of the…
Q: The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal…
A: Formula: Current ratio = Current Assets / Current liabilities. Current Assets is divided with…
Q: Roa?
A: Definition of Return on Assets:Return on Assets (ROA) is a financial metric that measures the…
Q: Profitability Ratios The following selected data were taken from the financial statements of…
A: stockholders equity: it is the amount of asset remaining in a business after all liabilities are…
Q: The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal…
A: Ratio analysis involves evaluation of various financial aspects of the business such as liquidity,…
Q: Determine the return on total assets, the return on stockholders' equity, and the return on common…
A: Return on total assets formula Return on total assets = Net income+ (Notes payable * coupon…
Q: Your company's income statement for the year ended 30 September 20X8 showed the following: $'000…
A: We have the following information: Net profit before interest and tax: $1,200 Interest: $200…
Q: Expenses Earnings before interest and taxes Interest Earnings before taxes Taxes Earnings after…
A: The payout ratio is a financial metric that assesses the proportion of earnings a company…
Q: Determining Retained Earnings and Net Income The following information appears in the records of…
A: Accounting equation is a mathematical equation that shows relationship between assets, liabilities…
Q: Balance sheet Cash…
A: Completing the balance sheet and income statement requirements based on below mentioned ratios…
Q: Presented below is information related to Moore Company. Required: How much did Moore Company have…
A: A dividend is a payment made by a corporation to its shareholders, typically in the form of cash or…
Q: Profitability Ratios The following selected data were taken from the financial statements of…
A: Formulae: Return on Total assets=Net income+InterestAverage total assets×100Return on Stockholders'…
Q: Current Position Analysis The following data were taken from the balance sheet of Nilo Company at…
A:
Q: reported finanical information: Assets $45,800 Liabilities 17,220 common…
A: Accounting equation: Assets = Liabilities + share holders equity. According to double entry concept…
Q: Current Position Analysis The following data were taken from the balance sheet of Nilo Company at…
A: Working capital :— It is the difference between current assets and current liabilities. Current…
Q: The following items are reported on a company's balance sheet: Cash $131,900 Marketable securities…
A: a) Current ratio is the ratio of financial measure which shows the ability of a company to pay its…
Q: Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net…
A: Ratio analysis helps to analyze the financial statements of the company. The management can take…
Q: Prepare a balance sheet for DEFT Corporation using the following balances at the end of December.…
A: The income statement and balance sheet are the important financial statements of the business. The…
Q: Current Position Analysis The following data were taken from the balance sheet of Nilo Company at…
A: Ratio analysis is a method of measuring the financial position of the organization with different…
Q: Norton Company Income Statement For Year Ended December 31 1 Common stock, $50 par $200,000.00 2…
A:
Q: Profitability Ratios The following selected data were taken from the financial statements of…
A: Financial ratios include various formulas used by the company by using elements reported in the…
Q: Profitability Ratios The following selected data were taken from the financial statements of…
A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…
Q: (8% interest) k $170,000 60,000 24,000 $153,000 60,000 24,000 $136,000 60,000 24,000
A: Return on total assets = Interest +net income/ total Avg AssetsReturn on stockholders equity= Net…
Q: Gibson Company's income statement information follows: Net sales Income before interest and taxes…
A: Lets understand the basics. Accounting ratios are the set of financial ratios which shows the…
Q: how do I find the prof
A: Hey, since there are multiple sub-parts posted, we will answer the first sub-parts. If you want any…
Q: The dividend ratio for Belle Ltd. is 0.25 and the return on assets is 4.60%. Accounts payable is…
A: Internal growth rate The internal growth rate means the maximum growth rate that a company would…
Q: The following selected data were taken from the financial statements of Vidahill Inc. for December…
A: The ratio is the technique used by the prospective investor or an individual or strategist to read…
Q: Current Position Analysis The following data were taken from the balance sheet of Albertini Company…
A: Working capital, which comprises inventory, cash, accounts payable, accounts receivable, and…
Q: Current Position Analysis The following data were taken from the balance sheet of Nilo Company at…
A: a Current Year Previous Year Total current assets 1,856,000 1,300,000 Less: Total…
Q: The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal…
A: As posted multiple sub parts we are answering only first three sub parts kindly repost the…
Q: Current Position Analysis The following data were taken from the balance sheet of Nilo Company at…
A: Step 1:Introduction:-Working Capital means the capital required for day to day operating activities.…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $368,200 $281,600 Marketable securities 126,400 316,000 Accounts and notes receivable (net) 174,400 105,600 Inventories 639,500 402,600 Prepaid expenses 129,500 257,400 Total current $1,930,000 $1,364,000 Current liabilities: Accounts and notes payable (short-term) $295,000 $300,000 Accrued labies Total current liabilities 214,200 $510,000 132,000 $640,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 1. Working capital 2. Current ratio 3. Quick ratio b. The quidity of Nilo has result of an Current Year Previous Year from the preceding year to the current year. The working capital, current ratio, and quick ratio have all Most of these changes are the in current assets relative to current liabilities.Five measures of solvency or profitability The balance sheet for Garcon Inc.at the end of the current fiscal year indicated the following: Bonds payable,8% $5,000,000 Preferred $4 stock, $50 par 2,500,000 Common stock,$ 10 par s,000,000 Income before income ta.x was $3,000,000,and income taxes were 51,200,000 for the current year. Cash dividends paid on common stock during the current year totaled $1,200,000.The common stock was selling for $32 per share at the end of the year.Determine each of the following:(A) times interest earned ratio (B) earnings per share on common stock,(C) price earnings ratio, (D) dividends per share of common stock, and (E) dividend yield.(Round ratios and percentages to one decimal place,except for per-share amounts.)Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $329,800 $259,200 Marketable securities 381,900 291,600 Accounts and notes receivable (net) 156,300 97,200 Inventories 900,200 560,000 Prepaid expenses 463,800 358,000 Total current assets $2,232,000 $1,566,000 Current liabilities: Accounts and notes payable (short-term) $359,600 $378,000 Accrued liabilities 260,400 162,000 Total current liabilities $620,000 $540,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital $fill in the blank 1 $fill in the blank 2 2. Current ratio fill in the blank 3 fill in the blank 4 3.…
- Computing Financial Statement Measures The following pretax amounts are taken from the adjusted trial balance of Mastery Inc. on December 31, 2020, its annual year-end. Assume that the income tax rate for all items is 25%. The average number of common shares outstanding during the year was 20,000. Balance, retained earnings, December 31, 2019 $ 45,000 Sales revenue 300,000 Cost of goods sold 105,000 Selling expenses 36,000 Administrative expenses 34,000 Gain on sale of investments 10,000 Unrealized holding gain on debt investments, net of tax 4,250 Prior period adjustment, understatement of depreciation from prior period (2019) 20,000 Dividends declared and paid 16,000 Required Compute the following amounts for the year-end financial statements of 2020. Do not use negative signs with any of your answers. Round the per share amount to two decimal places. Item Amount a. Gross profit (2020). b. Operating income (2020). c. Net…Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $395,200 $324,000 Marketable securities 457,600 364,500 Accounts and notes receivable (net) 187,200 121,500 Inventories 617,800 411,800 Prepaid expenses 318,200 263,200 Total current assets $1,976,000 $1,485,000 Current liabilities: Accounts and notes payable (short-term) $301,600 $315,000 Accrued liabilities 218,400 135,000 Total current liabilities $520,000 $450,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital %24 2. Current ratio 3. Quick ratioCurrent Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $620,200 $495,600 Marketable securities 718,100 557,600 Accounts and notes receivable (net) 293,700 185,800 Inventories 314,200 179,900 Prepaid expenses 161,800 115,100 Total current assets $2,108,000 $1,534,000 Current liabilities: Accounts and notes payable (short-term) $394,400 $413,000 Accrued liabilities 285,600 177,000 Total current liabilities $680,000 $590,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital $fill in the blank 1 $fill in the blank 2 2. Current ratio fill in the blank 3 fill in the blank 4…
- Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Note payable, 10% Total liabilities Stockholders' equity: Common stock, $ 78 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 960,000 0 2,700,000 3,900,000 240,000 7,800,000 9,300,000 $ 17,100,000 $ 3,900,000 3,600,000 7,500,000 7,800,000 1,800,000 9,600,000 $ 17,100,000 $ 1,260,000 300,000 1,800,000 2,400,000 180,000 5,940,000 8,940,000 $ 14,880,000 $ 2,760,000 3,000,000 5,760,000 7,800,000 1,320,000 9,120,000 $ 14,880,000 Sales (all on account) Lydex Company Comparative Income Statement and Reconciliation This Year $ 15,750,000 12,600,000 3,150,000 1,590,000 Last Year $ 12,480,000 9,900,000 2,580,000 Cost of goods sold Gross margin Selling and…Prior Year Current Year Accounts payable 3,153.00 5,915.00 Accounts receivable 6,935.00 9,046.00 Accruals 5,794.00 6,085.00 Additional paid in capital 19,655.00 13,876.00 Cash. ??? ??? Common Stock 2,850 2,850 COGS 22,169.00 18,794.00 Current portion long-term debt 500 500 Depreciation expense 1,016.00 1,037.00 Interest expense 1,276.00 1,138.00 Inventories 3,041.00 6,672.00 Long-term debt 16,904.00 22,546.00 Net fixed assets 75,987.00 73,861.00 Notes payable 4,002.00 6,534.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,536.00 34,724.00 Sales 46,360 45,799.00 Taxes 350 920 Category ww What is the firm's total change in cash from the prior year to the current year?Determining Retained Earnings and Net Income The following information appears in the records of Bock Corporation at year-end: Accounts Receivable $23,000 Retained Earnings ? Accounts Payable 00 Supplies Cash Common Stock 110,000 9,000 8,000 Equipment, net 154,000 a. Calculate the balance in Retained Earnings at year-end $ 0 b. If the amount of the retained earnings at the beginning of the year was $30,000 and $12,000 in dividends is paid during the year, calculate net income for the year. $42,000
- please answer part d,eCurrent Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $486,400 $392,000 Marketable securities 563,200 441,000 Accounts and notes receivable (net) 230,400 147,000 Inventories 792,000 469,700 Prepaid expenses 408,000 300,300 Total current assets $2,480,000 $1,750,000 Current liabilities: Accounts and notes payable (short-term) $464,000 $490,000 Accrued liabilities 336,000 210,000 Total current liabilities $800,000 $700,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital $fill in the blank 1 $fill in the blank 2 2. Current ratio fill in the blank 3 fill in the blank 4…A company's year-end selected financial data is shown below. Year 2 Year 1 Current assets $250,000 $175,000 Total assets 600,000 500,000 Total liabilities 300,000 225,000 Net sales 200,000 150,000 Net income 75,000 60,000 The company's rate of return on assets and rate of return on equity for Year 2 are: a. 12% and 22%, respectively. Ob. 13% and 25%, respectively. Oc. 14% and 26%, respectively. Od. 36% and 25%, respectively.