The account balances for KinderMorganAccount TitleBalanceAccounts Payable$8,990Accounts Receivable, 1/1/224,455Accumulated Depreciation21,500Building65,000Cash10,30045,000Common StockDelivery TruckDepreciation ExpenseDividends9,7004.2102,100Marketable Equity Securities3,400Accounts Receivable, 12/31/22 5.250Determine the Debt to Equity Ratio:0.11140.16940.21010.1482O 0.1783are listed below. All balances are as of December 31, 2022, except where noted:Account TitleBalanceInventory, 1/1/22$2,040Supplies7,500Salaries Expense11,25054,0057,850Retained Earnings, 1/1/22 23,480Equipment15,700Prepaid Expenses2,600Cost of Goods Sold16,350Notes Payable (due 2024)5.400Inventory, 12/31/223,660Net RevenueRent Expense

Debt-to-equity (D/E) ratio compares a company’s total liabilities with its shareholder equity and…

The account balances for KinderMorgan Account Title Balance Accounts Payable $8.990 Accounts Receivable, 1/1/22 4,455 Accumulated Depreciation Building Cash Common Stock Delivery Truck 21,500 65,000 10,300 45,000 9.700 4,210 Depreciation Expense Dividends 2,100 Marketable Equity Securities 3,400 Accounts Receivable, 12/31/22 5.250 Determine the Debt to Equity Ratio: are listed below. All balances are as of December 31, 2022, except Account Title Inventory, 1/1/22 Supplies Salaries Expense Net Revenue Rent Expense Balance $2,040 7,500 11,250 54,005 7,850 Retained Earnings, 1/1/22/23,480 Equipment Prepaid Expenses Cost of Goods Sold Notes Payable (due 2024) Inventory, 12/31/22 15,700 2,600 16,350 5.400 3,660

The account balances for KinderMorgan Account Title Balance Accounts Payable $8.990 Accounts Receivable, 1/1/22 4,455 Accumulated Depreciation Building Cash Common Stock Delivery Truck 21,500 65,000 10,300 45,000 9.700 4,210 Depreciation Expense Dividends 2,100 Marketable Equity Securities 3,400 Accounts Receivable, 12/31/22 5.250 Determine the Debt to Equity Ratio: are listed below. All balances are as of December 31, 2022, except Account Title Inventory, 1/1/22 Supplies Salaries Expense Net Revenue Rent Expense Balance $2,040 7,500 11,250 54,005 7,850 Retained Earnings, 1/1/22/23,480 Equipment Prepaid Expenses Cost of Goods Sold Notes Payable (due 2024) Inventory, 12/31/22 15,700 2,600 16,350 5.400 3,660

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The following accounts and corresponding balances were drawn from Dexter Company's Year 2 and Year 1 year-end balance sheets. Account Title Bonds payable Year 1 $300,500 282,300 Year 2 $213,200 373,300 Common stock Other information drawn from the accounting records: 1. Dividends paid during the period amounted to $44,800. 2. There were no bond liabilities issued during the period. Required a. Compute the amount of cash flow associated with the repayment of bond liabilities. b. Compute the amount of cash flow associated with the issue of common stock. c. Prepare the financing activities section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the amount of cash flow associated with the repayment of bond liabilities. Cash flow for the repayment of bond liabilities
Following Is the balance sheet of Baird Company for Year 3: BAIRD COMPANY Balance sheet Assets $ 14,550 7,940 12,620 10,900 165,000 (12,100) Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets $198,910 Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Comnon stock $ 8,570 3,200 4,950 22,020 113,800 46,370 Retained earnings Total liabilities and stockholders' equity $198,910 The average number of common stock shares outstanding during Year 3 was 890 shares. Net income for the year was $14,900. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45. a. Current ratio b. Earnings per share c Quick (acid-test) ratio per share d. Return on investment e. Return on equity f. Debt to equity ratio
The following items are reported on a company's balance sheet: Line Item Description Amount Cash $277,000 Marketable securities 101,400 Accounts receivable 234,300 Inventory 217,800 Accounts payable 315,500 Determine the (a) current ratio and (b) quick ratio. Round answers to one decimal place.
balance sheet on december 31,year 1 and december 31year 2 are presented below: assets dec 31 year 1 dec 31 year 2 liabilites dec 31 year 1 dec 31 year 2 cash 50 000 60 000 trade accounts payable 62 000 49 000 accounts receivable 95 000 89 000 interest payable 8 000 11 000 allowance for uncollectible accounts (4 000) (3 000) bonds payables 200 000 200 000 inventory 120 000 140 000 unamortized bond discount (15 000) (10 000) property plant and equipment 295 000 340 000 Equity 199 000 257 000 accumlated depreciation (102 000) (119 000) total assets 454 000 507 000 total liabilities 454 000 507 000 additional information for year 2 : cash payents to suppliers of merchandise were 180 000 sales revenue was 338 000 3 000 of accounts receivables was written off equipment was acquired for 65 000 depreciation expense was 30 000 interest expenses was 20 000 based on the above information calculate the following : 1. the cost of goods sold year 2. 2.…
Calculate net debt. Cash and cash equivalents Short term borrowings Long term borrowings Commercial paper (liability) Capital / finance lease Accounts receivable Total liabilities Inventory Select one: 2,108.0 2,103.0 2,025.0 14,132.0 3,176.0 419.0 2,883.0 331.0 1,651.0 83.0 17,308.0 5.0
The following items are reported on a company's balance sheet: Cash $295,700 Marketable securities 231,000 Accounts receivable (net) 265,300 Inventory 132,000 Accounts payable 330,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio
The following items are reported on a company's balance sheet: Cash $283,200 Marketable securities 83,400 Accounts receivable 251,600 Inventory 185,700 Accounts payable 315,200 Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio
What is Bank A's ROA based on Figure 1 Balance Sheet ($ in Millions): Assets Liability and Equity Cash $850 Deposits $6,475 Securities 1,925 Other borrowing 1,645 Loans 5,400 Equity 1,030 Other 975 Total $9,150 Total $9,150 Figure 2 Income Statement ($ in Millions): Interest income on loans $450 Interest income on securities 95 Interest expense 246 Noninterest income 78 Noninterest expense 112 Provision for loan loss 35 Taxes 115 Net Income $115 Based on Figures 1 and 2, what is Bank A's Equity Multiplier? A. 8.88 B. 4.75 C. 7.23 D. 8.11
Accounting Bonds Payable has a balance of $957,000 and Discount on Bonds Payable has a balance of $9,570. If the issuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption? a. $14,355 loss b. $9,570 gain c. $14,355 gain d. $9,570 loss
The following data apply to the next six problems. Consider Fisher & Company's financial data as follows (unit: millions of dollars except ratio figures):Cash and marketable securities $100Fixed assets $280Sales $1,200Net income $358Inventory $180Current ratio 3.2Average collection period 45 daysAverage common equity $500Find Fisher's accounts receivable.(a) $147.95 (b) $127.65(c) $225.78 (d) $290.45
The following accounts and corresponding balances were drawn from Dexter Company's Year 2 and Year 1 year-end balance sheets. Account Title Bonds payable Common stock Year 2 $216,800 375,100 Year 1 $300,200 283,500 Other information drawn from the accounting records: 1. Dividends paid during the period amounted to $43,500. 2. There were no bond liabilities issued during the period. Required a. Compute the amount of cash flow associated with the repayment of bond liabilities. b. Compute the amount of cash flow associated with the issue of common stock. c. Prepare the financing activities section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the amount of cash flow associated with the repayment of bond liabilities. Cash flow for the repayment of bond liabilities 13
Calculate debt to equity, long-term debt to equity and specify as a percent to 2 decimal places