Springfield Company's complete assets and liabilities are: Cash: $4,200 Inventory: $7,850 Machinery: $12,500 Building: $18,000 Accounts Payable: $5,300 Notes Payable: $8,900 Mortgage Payable: $15,000 Springfield's total equity is
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- 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.…XYZ Company had cash of $200,000, Accounts payable of $150,000, Plant & Equipment of $350,000, Inventory of $75,000 and other assets of $90,000. XYZ's liabilities consisted of long-term debt of $350,000, non-current portion of notes payable of $65,000, Accounts Payable of $ 135,000 and Accrued Expenses of $65,000. Calculate the working capital and the current ratio based upon this information.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…
- Profile Co has the following assets and liabilities: Assets: Cash $100 , account receivable,$150 ; Inventory,$240 ,land $200, plant net of accumulated amortization $300 : liabilities short term bank loan, $60 : accounts payable long term loan mortage loan ,$160 ,profolio co long term assets total wasOxford Company has the following account balances: Cash, $40,000; Accounts Receivable, $28,000; Inventory, $12,000; Land, $110,000; Building, $100,000; Accounts Payable, $30,000; Short-term Notes Payable, $10,000; Bonds Payable, $80,000; Oxford, Capital, $170,000; Sales, $120,000; Salaries Expense, $40,000; Utilities Ekpense, $15,000; and Interest Expense, $5,000. The current ratio for Oxford Company is O 2:1. O 2.42:1. O 2.27:1. O2.67:1. eTextbook and MediaOxford Company has the following account balances: Cash, $40,000; Accounts Receivable, $28,000; Inventory, $12,000; Land, $110,000; Building, $100,000; Accounts Payable, $30,000; Short-term Notes Payable, $10,000; Bonds Payable, $80,000; Oxford, Capital, $170,000; Sales, $120,000; Salaries Expense, $40,000; Utilities Expense, $15,000; and Interest Expense, $5,000. The current ratio for Oxford Company is a. 2.42:1. b. 2.67:1. c. 2:1. d. 2.27:1.
- 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…Crafter Company has the following assets and liabilities: Assets Cash $28,000 Accounts receivable 15,000 Inventory 20,000 Equipment 50,000 Liabilities Current portion of long-term debt $10,000 Accounts payable 2,000 Long-term debt 25,000 Determine the quick ratio (rounded to one decimal point).Company's balance sheet showed total current assets of $4,250, all of which were required in operations. Its current liabilities consisted of $665 of accounts payable, $600 of 6% short-term notes payable to the bank, and $250 of accrued wages and taxes. What was its net operating working capital? $3,025 $3,176 $2,874 $3,335 $3,502
- The 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…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?Is the working capital $203,454, $1,026,172 or $137,053?
