The balance sheet of Northway Motors at December 31 showed assets of $75,000 and shareholders' equity of $45,000. What were the liabilities at December 31? a. $30,000 b. $75,000 c. $45,000 d. $15,000 The following balance sheet information was provided by Trekline Corp.: Assets Cash 2023 $4,000 $3,800 2022 Accounts Receivable $18,000 $21,000 Inventory $36,000 $34,000 Assuming 2023 net credit sales totalled $120,000, what were the company's average days to collect receivables? A. 61.2 days B. 59.3 days C. 62.8 days D. 45.0 days In a recent year, Falcon Digital Systems reported: . Cash provided by operating activities: $180,500,000 • . Cash used in investing activities: $240,000,000 Cash used in financing activities: $50,000,000 Cash spent on fixed assets during the period: $140,200,000 No dividends were paid. Calculate free cash flow.

The balance sheet of Northway Motors at December 31 showed assets of $75,000 and shareholders' equity of $45,000. What were the liabilities at December 31? a. $30,000 b. $75,000 c. $45,000 d. $15,000 The following balance sheet information was provided by Trekline Corp.: Assets Cash 2023 $4,000 $3,800 2022 Accounts Receivable $18,000 $21,000 Inventory $36,000 $34,000 Assuming 2023 net credit sales totalled $120,000, what were the company's average days to collect receivables? A. 61.2 days B. 59.3 days C. 62.8 days D. 45.0 days In a recent year, Falcon Digital Systems reported: . Cash provided by operating activities: $180,500,000 • . Cash used in investing activities: $240,000,000 Cash used in financing activities: $50,000,000 Cash spent on fixed assets during the period: $140,200,000 No dividends were paid. Calculate free cash flow.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...

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