Ridgeline Manufacturing's complete assets and liabilities are: Accounts Receivable: $4,250 Machinery: $12,800 Accounts Payable: $3,780 Prepaid Insurance: $1,320 Office Supplies: $890 Notes Payable: $7,600 Delivery Equipment: $2,740 Ridgeline Manufacturing's total equity is
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- Campbell Company has current assets of $3 million of which $750,000 are accounts receivable. Its current liabilities total $2 million of which $500,000 are accounts payable and $100,000 are wages payable. Campbell’s net credit is:Baker Inc has the following balance sheet and income statement data: Cash $14,000 Accounts payable $42,000 Receivables 70,000 Other current liabilities 28,000 Inventories 280,000 Total CL $70,000 Total CA $364,000 Long-term debt 140,000 Net fixed assets 126,000 Common equity 280,000 Total assets $490,000 Total liab. and equity $490,000 Sales $280,000 Net income 21,000 The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the industry average, 2.15, without affecting either sales or net income. Assuming that inventories are sold off and not replaced to get the current ratio to the target level, and that the funds generated are used to buy back common stock at book value, by how much would the ROE change? Do not round your intermediate calculations.Lloyd Inc. has sales of $200,000, a net income of$15,000, and the following balance sheet: Cash $ 10,000 Accounts payable $ 30,000Receivables 50,000 Notes payable to bank 20,000Inventories 150,000 Total current liabilities $ 50,000Total current assets $ 210,000 Long-term debt 50,000Net fixed assets 90,000 Common equity 200,000Total assets $ 300,000 Total liabilities and equity $300,000The new owner thinks that inventories are excessive and can be lowered to the pointwhere the current ratio is equal to the industry average, 2.53, without affecting sales or netincome. If inventories are sold and not replaced (thus reducing the current ratio to 2.53), ifthe funds generated are used to reduce common equity (stock can be repurchased at bookvalue), and if no other changes occur,…
- Gem jewelers has current assets of $687,600 total assets of $1,711,000 net working capital of $223,700 and long term debt of $450,000. What is the debt equity ratio?The Balance Sheet for Consolidated Industrial shows the following balances: accounts payable = $315,000; prepaid rent = $504,000; accounts receivable = $472,000; property plant and equipment = $2,709,000; inventory = $756, 000; notes payable = $486, 000; retained earnings = $945, 000; long-term debt = $2,520,000; common stock = $427,500. What must the value for Cash be?Assume that the following balance sheets are stated at book value. Meat Company Current assets $ 21,600 Current liabilities $ 7,320 Net fixed assets 51,600 Long-term debt 16,420 Equity 49,460 Total $ 73,200 Total $ 73,200 Loaf, Incorporated Current assets $ 4,700 Current liabilities $ 1,800 Net fixed assets 8,300 Long-term debt 3,120 Equity 8,080 Total $ 13,000 Total $ 13,000 Suppose the fair market value of Loaf’s fixed assets is $11,500 versus the $8,300 book value shown. Meat pays $18,400 for Loaf and raises the needed funds through an issue of long-term debt. Construct the postmerger balance sheet under the purchase accounting method. Meat Company, post-merger Current assets Current liabilities Fixed assets Long-term debt Goodwill Equity Total Total
- loyd Inc. has sales of $650,000, a net income of $39,000, and the following balance sheet: Cash $ 119,600 Accounts payable $ 92,560 Receivables 132,080 Notes payable to bank 46,800 Inventories 436,800 Total current liabilities $ 139,360 Total current assets $ 688,480 Long-term debt 167,440 Net fixed assets 351,520 Common equity 733,200 Total assets $ 1,040,000 Total liabilities and equity $ 1,040,000 The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry average, 2.25×, without affecting sales or net income. If inventories are sold and not replaced (thus reducing the current ratio to 2.25×), if the funds generated are used to reduce common equity (stock can be repurchased at book value), and if no other changes occur, by how much will the ROE change? Do not round intermediate calculations. Round your answer to two decimal places. ROE will by percentage points.…lloyd Inc. has sales of $450,000, a net income of $22, 500, and the following balance sheet: Cash $ 57, 510 Accounts payable $ 78,570 Receivables 128,790 Notes payable to bank 28, 350 Inventories 453,600 Total current liabilities $ 106,920 Total current assets $ 639,900 Long -term debt 134, 460 Net fixed assets 170, 100 Common equity 568, 620 Total assets $ 810,000 Total liabilities and equity $ 810, 000 The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry average, 2.25\times, without affecting sales or net income. If inventories are sold and not replaced (thus reducing the current ratio to 2.25\times), if the funds generated are used to reduce common equity (stock can be repurchased at book value), and if no other changes occur, by how much will the ROE change? Do not round intermediate calculations. Round your answer to two decimal places. ROE will -Select - by percentage points. What will be the firm's…Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Corporation Wayne EnterprisesCurrent assets:Cash and cash equivalents $ 2,494 $ 541Current investments 125Net receivables 1,395 217Inventory 10,710 8,600Other current assets 773 301Total current assets $15,372 $9,784Current liabilitiesCurrent debt $ 1,321 $ 47Accounts payable 8,871 5,327Other current liabilities 1,270 2,334Total current…
- AnsThe Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents $ 15 Accounts payable $ 100 Accounts receivable 515 Accruals 220 Inventories 830 Notes payable 230 Total current assets $ 1,360 Total current liabilities $ 550 Net plant and equipment 2,550 Long-term bonds 1,500 Total liabilities $ 2,050 Common stock (100 million shares) 260 Retained earnings $ 1,600 Common equity $ 1,860 Total assets $ 3,910 Total liabilities and equity $ 3,910 Davidson Corporation: Income Statement for Year Ending December 31, 2018 (Millions of Dollars) Sales $ 6,000 Operating costs excluding depreciation and amortization 3,780 EBITDA $ 2,220 Depreciation and amortization 420 EBIT $ 1,800 Interest 164 EBT $ 1,636 Taxes…You find the following financial information about a company: net working capital = $7, 809; total assets $11,942; and long-term debt Multiple Choice $9, 115 $4, 507 $10, 339 $6, 129 $4, 133 = = = $1, 287; fixed assets $4,589. What is the company's total equity?
