rtCtrl35. Compute the missing financial amounts (a) and (b):Stockholders'Equity$31,500AssetsLiabilities(S millions)(a)$64,800Company A(b)$76,800Company B$121,500

Accounting equation represents the relationship between the assets, liabilities, and owner’s equity…

Answered: rt Ctrl 35. Compute the missing…

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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CP 14-8Assume the following income statement and balance sheet information:Service revenue (all cash) Operating expenses Salaries (all cash) Net income$17585$90Current assets 2020 2019 Cash $1,250 $1,600 Short-term invest. 100 200 $1,350 $1,800 Liabilities Borrowings 600 1,000 Stockholders' equity Common stock 200 300 Retained earnings 550 500 750 800 $1,350 $1,800Other information: The short-term investments are riskless and will be converted to a known amount of cash in 60 days. Borrowings are non-current. No gain or loss occurred when common stock was repurchased.Required: 1. Calculate cash flow from operating activities. 2. Prepare the 2020 statement of changes in equity. 3. Calculate cash flow from financing activities. 4. (Appendix) Prepare a cash flow table. Show that cash effects net to a $450 outflow.
Determine the missing amount for each of the following: Assets = Liabilities + Stockholders’ Equity a. X = $550,000 + $1,345,000 b. $776,500 = X + $588,800 c. $14,750,000 = $4,455,000 + X
Ee 20.
h9
Accounts payable Accounts receivable Accrued liabilities $30,000 35,000 7,000 25,000 40,000 72,000 100,000 75,000 36,000 20,000 400,000 2,000 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point? O a. 1.7 O b. 2.9 O c. 1.1 O d. 1.0 Cash sumpany Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses
A7 please help....
A7
Camaro GTO Torino Cash $ 2,400 $ 230 $ 1,300 Short-term investments 0 0 600 Current receivables 260 510 500 Inventory 2,175 2,020 3,050 Prepaid expenses 300 600 900 Total current assets $ 5,135 $ 3,360 $ 6,350 Current liabilities $ 2,220 $ 1,320 $ 3,550 a. Compute the acid-test ratio for each of the separate cases above.b. Which company is in the best position to meet short-term obligations?
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rt Ctrl 35. Compute the missing financial amounts (a) and (b): Stockholders' Equity $31,500 Assets Liabilities (S millions) (a) $64,800 Company A (b) $76,800 Company B $121,500