The December 31, 2021, balance sheet of Justin's Golf Shop, Incorporated, showed current assets of $1,125 and current liabilities of $925. The December 31, 2022, balance sheet showed current assets of $1,340 and current liabilities of $1,015. What was the company's 2022 change in net working capital, or NWC? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Change in net working capital 4

The December 31, 2021, balance sheet of Justin's Golf Shop, Incorporated, showed current assets of $1,125 and current liabilities of $925. The December 31, 2022, balance sheet showed current assets of $1,340 and current liabilities of $1,015. What was the company's 2022 change in net working capital, or NWC? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Change in net working capital 4

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

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Sandhill Incorporated had the following transactions involving current assets and current liabilities during February 2025. Feb. 3 7 11 14 18 Additional information: As of February 1, 2025, current assets were $129,600 and current liabilities were $32,000. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, e.g. 1.83: 1.) Current ratio as of February 1, 2025 Feb. 3 Feb. 7 Collected accounts receivable of $13,100. Purchased equipment for $30,400 cash. Paid $2,100 for a 1-year insurance policy. Paid accounts payable of $13,200. Declared cash dividends of $8,900. Feb. 11 Feb. 14 Feb. 18 4.05 6.86 5.25 5.25 :1 :1 :1 :1 :1 :1
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In January 2020, Ali Company’s assets valued at MYR 350,000, and its owner’s equity was MYR 150,000. During the year, assets increased MYR 45,000 and liabilities decreased MYR 22,000. What is the owner’s equity at the end of year 2020? Select one:A. MYR 217,000B. MYR 127,000C. MYR 150,000D. MYR 175,000
On July 1, 2021, the assets and liabilities of Lui Company are as follows: Cash, $96,000; Accounts Receivable, $75,800; Prepaid Rent, $12,000; Land, $318,000; Accounts Payable, $58,700; Mortgage Payable, $162,000. What is the amount of stockholders’ equity as ofbJuly 1, 2020? 722,500 281,100 296,100 assuming that 15,000 of dividends were paid 125,100
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The following accounts were taken from the records of a company as of December 31, 2019: Account Payable $47,000, Account Receivable $22,000, Building $215,000, Cash $15,000, Land $76,000, Bonds $35,000, Land (held for speculation) $120,000, Goodwill $28,000, Salaries & Wages Payable $75,000, Accumulated Depreciation –Building $92,000, Prepaid rent expense $12,000, Unearned Service Revenue $8,000, Patent $50,000. Based on the above information, Total Long-term Investments is:
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2. The following is extracted from the books of White Co as at 31 December 2019: $ nta sets Net current assets 6 010 Current assets 12 585 Non-current liabilities 2 500 Non-current assets 6 475 For the year ended 31 December 2019, 2$ Net profit Drawings 4 500 3 000 REQUIRED: Calculate the amount of capital at 1 January 2019. END OF PAPER
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Oriole Company had the following assets and liabilities on the dates indicated. December 31 Total Assets 2021 2022 2023 Net income $496,000 $556,000 $686,000 Oriole began business on January 1, 2021, with an investment of $98,000. From an analysis of the change in owner's equity during the year, compute the net income (or loss) for: (a) 2021, assuming Oriole's drawings were $15,000 for the year. Net loss for 2021 Net income Total Liabilities (b) 2022, assuming Oriole made an additional investment of $50,000 and had no drawings in 2022. for 2022 $209,000 $259,000 $359,000 for 2023 $ (c) 2023, assuming Oriole made an additional investment of $23,000 and had drawings of $27,000 in 2023. $ $
At the end of the year of 2019, Barney BarN Inc. has atotal assets of P 8, 435,969 and total liabilities of P 2,561, 367. During the year of 2019, assets increased by P 482,463 while liabilities decreased by P163,469. What is the amount of capital at the beginning of2019?

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