TABLE 4–4 Moderately Large Corporation Consolidated Balance Sheet Moderately Large Corporation Consolidaed Balance Sheet (in thousands except share data) Fiscal Year Ended Dec. 31, 2013 Dec. 31, 2012 ASSETS Current assets: Cash and cash equivalents Accounts receivable, net $1,369 1,008 1,489 157 44 4,066 3,137 $1,427 876 481 126 40 2,950 2,287 161 $5,398 Inventories Prepaid expenses and other current assets Deferred income taxes, net Total current assets Property, plant and equipment, net Other assets TOTAL ASSETSS 168 $7,371 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable Accrued compensation and related costs Accrued taxes Current portion of long-term debt Total current liabilities Long-term debt Total liabilities $429 104 132 89 754 2,630 3,384 $242 98 141 82 563 1,830 2,392 Shareholders' equity: Common stock ($0.1 par value)-authorized, 4,000,000 shares; issued and outstanding, 3,500,000. Paid-in capital in excess of par Retained earnings Total shareholders' equity 350 350 2,415 1,222 3,987 $7,371 2,415 241 3,006 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $5,398
TABLE 4–4 Moderately Large Corporation Consolidated Balance Sheet Moderately Large Corporation Consolidaed Balance Sheet (in thousands except share data) Fiscal Year Ended Dec. 31, 2013 Dec. 31, 2012 ASSETS Current assets: Cash and cash equivalents Accounts receivable, net $1,369 1,008 1,489 157 44 4,066 3,137 $1,427 876 481 126 40 2,950 2,287 161 $5,398 Inventories Prepaid expenses and other current assets Deferred income taxes, net Total current assets Property, plant and equipment, net Other assets TOTAL ASSETSS 168 $7,371 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable Accrued compensation and related costs Accrued taxes Current portion of long-term debt Total current liabilities Long-term debt Total liabilities $429 104 132 89 754 2,630 3,384 $242 98 141 82 563 1,830 2,392 Shareholders' equity: Common stock ($0.1 par value)-authorized, 4,000,000 shares; issued and outstanding, 3,500,000. Paid-in capital in excess of par Retained earnings Total shareholders' equity 350 350 2,415 1,222 3,987 $7,371 2,415 241 3,006 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $5,398
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Given the
answer the following:
a. For each year, calculate the following ratios: current, quick, debt-to-asset,
and debt-to-equity.
b. In a written explanation, state what each ratio means.
c. Compare the ratios for the 2-year period and determine if the MLC is sufficiently
liquid.
d. How well is the MLC managing its debt?
Transcribed Image Text:TABLE 4–4 Moderately Large Corporation Consolidated Balance Sheet
Moderately Large Corporation Consolidaed Balance Sheet
(in thousands except share data)
Fiscal Year Ended
Dec. 31, 2013 Dec. 31, 2012
ASSETS
Current assets:
Cash and cash equivalents
Accounts receivable, net
$1,369
1,008
1,489
157
44
4,066
3,137
$1,427
876
481
126
40
2,950
2,287
161
$5,398
Inventories
Prepaid expenses and other current assets
Deferred income taxes, net
Total current assets
Property, plant and equipment, net
Other assets
TOTAL ASSETSS
168
$7,371
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable
Accrued compensation and related costs
Accrued taxes
Current portion of long-term debt
Total current liabilities
Long-term debt
Total liabilities
$429
104
132
89
754
2,630
3,384
$242
98
141
82
563
1,830
2,392
Shareholders' equity:
Common stock ($0.1 par value)-authorized,
4,000,000 shares; issued and outstanding, 3,500,000.
Paid-in capital in excess of par
Retained earnings
Total shareholders' equity
350
350
2,415
1,222
3,987
$7,371
2,415
241
3,006
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
$5,398
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