Not use ai solution please and accounting question Riverview Company's complete assets and liabilities are:. Cash: $6,250••••Accounts Receivable: $3,750Inventory: $5,400Equipment: $14,800Accounts Payable: $4,300Notes Payable: $7,500•Utilities Payable: $625Wages Payable: $1,200Riverview's total equity is

Step 1: Definition of Total EquityTotal Equity is the residual value of a company's assets after all…

Answered: Riverview Company's complete assets and…

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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Campbell Company has current assets of $10 million of which $3,000,000 are accounts receivable. Its current liabilities total $7 million of which $2,000,000 are accounts payable and $500,000 are wages payable. Campbell's net credit is: a. $2,500,000. O b. $1,000,000. Oc. $500,000. d. $3,000,000
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…
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…
Assets ($) Liabilities and Equity ($) Cash 2,007,000 Accounts payable 1,260,000 Accounts receivable 4,317,000 Notes payable 1,000,000 Inventory 1,144,000 Accruals 1,220,000 Total current assets 7,468,000 Total current liabilities 3,480,000 Net plant, property, and equipment 8,500,000 Long-term debt 3,000,000 Total assets 15,968,000 Total liabilities 6,480,000 Common equity 9,488,000 Total liabilities and equity 15,968,000 Matt Motor Corporation had sales of $ 32.4 million and a cost of goods sold of $ 13.0 million in 2022. A simplified balance sheet for the firm appears here. a. Calculate Matt Motor Corporation's net working capital in 2022. answer is 3988,000 b. Calculate the cash conversion cycle of Matt Motor Corporation in 2022.
Please show calculation
. The financial statements for BSW National Bank (BSWNB) are shown below: Earning assets: $13,884 Interest-bearing liabilities (Spread) = $9,012 Calculate BSWNB’s asset utilization ratio. 2. Calculate BSWNB’s net interest margin
Yokum Company had the following transactions for 20X1. o Payments of dividends - $11,250 o Depreciation expense - $22,500 o Income taxes paid - $27,000 o Proceeds received from sale of equipment - $225,000 o Utilities paid - $6,750 o Interest paid on note to local bank - $5,625 o Proceeds from issuance of common stock - $56,250 o Collections on accounts receivable - $337,500 o Payments on inventory - $168,750 o Payments for wages and salaries - $78,750 Using the transactions above, compute the net cash flow from operating activities. negative $523,125 Opositive $225,000 positive $523,125 negative $225,000 O negative $50,625 positive $50,625
Jordan 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. a. 9.84 p.p. b. 2.34 p.p. c. 13.95 p.p. d. 31.58…
We are given the following information for the Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $ 2,880,000 188,000 890,000 811,000 1.35 times 2.30 times a. Accounts receivable b. Marketable securities c. Fixed assets d. Long-term debt 40 % 5 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Lienser Fraktala TAMARA TANT RISHI TRITATE FAST JET PARETSTRANS I nemal osted or annemangen MANENBER HAGPAINT MANSION LARPURCO Calculate the following balance sheet items. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)
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Is the working capital $203,454, $1,026,172 or $137,053?
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Riverview Company's complete assets and liabilities are: . Cash: $6,250 • • • • Accounts Receivable: $3,750 Inventory: $5,400 Equipment: $14,800 Accounts Payable: $4,300 Notes Payable: $7,500 • Utilities Payable: $625 Wages Payable: $1,200 Riverview's total equity is