The Fisher Apparel Company balance sheet for the year ended Year 1 is as follows: December 31, Year 1 (in Thousands of Dollars) Assets Cash Marketable securities Accounts receivable Inventories Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Stockholders' Equity Accounts payable Current portion of long-term debt Accrued wages Accrued taxes Other current liabilities Long-term debt Common stock ($10 par) Capital contributed in excess of par Retained earnings Total liabilities and stockholders' equity $61,250 18,900 $4,300 2,200 24,330 42,460 42,350 $115,640 $14,898 4,000 800 2,300 2,300 27,000 22,000 17,200 25,142 $115,640

The Fisher Apparel Company balance sheet for the year ended Year 1 is as follows: December 31, Year 1 (in Thousands of Dollars) Assets Cash Marketable securities Accounts receivable Inventories Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Stockholders' Equity Accounts payable Current portion of long-term debt Accrued wages Accrued taxes Other current liabilities Long-term debt Common stock ($10 par) Capital contributed in excess of par Retained earnings Total liabilities and stockholders' equity $61,250 18,900 $4,300 2,200 24,330 42,460 42,350 $115,640 $14,898 4,000 800 2,300 2,300 27,000 22,000 17,200 25,142 $115,640

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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Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets $ 644,000 533,000 2,308,000 222,000 Investments Property, plant, and equipment Intangible assets Total assets $3,787,000 Current liabilities Long-term liabilities Shareholders' equity $ 444,000 803,000 2,460,000 $3,787,800 Total liabilities and shareholders' equity The captions shown in the summarized statement above include the following: a. Current assets: cash, $161,000; accounts receivable (net), $211,000; inventory, $236,000; and prepaid insurance, $36,000. b. Investments: investment in equity securities, short term, $101,000, and long term, $171,000; and restricted cash, long term, $261,000. c. Property, plant, and equipment: buildings, $1,610,000 less accumulated depreciation, $611,000; equipment, $610,000 less accumulated depreciation, $211,000; and land, $910,000. d. Intangible assets net of amortization: patent, $121,000; and copyright, $101,000. e. Current liabilities: accounts payable,…
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $387,600 448,800 183,600 1,032,200 531,800 $2,584,000 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has improved increased $394,400 285,600 $680,000 $306,800 345,200 115,000 719,800 460,200 $1,947,000 $413,000 177,000 $590,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year ✔ from the preceding year to the current year. The working capital, current ratio, and quick ratio have all ✔Most of these channes are the result of an increase ✔in nurrent accets…
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Compute for the Current Assets.
Green Moose Industries has the following end-of-year balance sheet: Green Moose Industries Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Accounts payable Accrued liabilities. Notes payable Total Current Liabilities Cash and equivalents Accounts receivable Inventories Total Current Assets Net Fixed Assets: Net plant and equipment (cost minus depreciation) Total Assets O $64,000 $150,000 400,000 350,000 $900,000 O $57,600 Long-Term Bonds O $54,400 $2,100,000 Total Debt O $51,200 Common Equity Common stock Retained earnings Total Common Equity $3,000,000 Total Liabilities and Equity The firm is currently in the process of forecasting sales, asset requirements, and required funding for the coming year. In the year that just ended, Green Moose Industries generated $400,000 net income on sales of $13,500,000. The firm expects sales to increase by 16% this coming year and also expects to maintain its long-run dividend payout ratio of…
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The current asset section of the Excalibur Tire Company’s balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The balance sheet revealed the following: Inventory $ 1,010,000 Total assets $ 3,600,000 Current ratio 2.20 Acid-test ratio 1.20 Debt to equity ratio 1.5 Complete the Following 1. Current Assets 2. Shareholders Equity 3. Long-Term Assets 4. Long-Term Liabilites
Return on Assets Calculate the company's return on assets for 2020 and compare the result to the industry average.
Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,700, accounts payable of $96,526, common stock of $401,347, retained earnings of $501,930, inventory of $205,420, other assets equal to $77,911, net plant and equipment of $706,520, short-term notes payable of $30,000, and accounts receivable of $142,714. Long-Term Debt %24
Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income Weaver Company Statement of Cash Flows-Indirect Method (partial) Net income Adjustments to convert net income to a cash…

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