Want solution. please provide The following accounts and balances were drawn from the records of Mason Company:CashAccountAccounts PayableCommon StockLandAccountsReceivableBalance$ 15,000$ 8,500$9,000$ 30,000$ 5,500Based on this information alone, the amount of Mason's retained earnings is:Options:a. $33,000b. $28,000c. $24,000d. $21,000

Step 1: Definition of Retained EarningsRetained earnings represent the portion of a company's net…

Answered: The following accounts and balances…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Calculate The Market Price with General Accounting method
The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 20Y7 20Y6 20Y5 Total assets $242,000 $218,000 $194,000 Notes payable (8% interest) 80,000 80,000 80,000 Common stock 32,000 32,000 32,000 Preferred 3% stock, $100 par 16,000 16,000 16,000 (no change during year) Retained earnings 90,020 66,300 48,000 The 20Y7 net income was $24,200, and the 20Y6 net income was $18,780. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders’ equity for the years 20Y6 and 20Y7. Round percentages to one decimal place. 20Y7 20Y6 Return on total assets fill in the blank 1 % fill in the blank 2 % Return on stockholders’ equity fill in the blank 3 % fill in…
please answer parts 7, 8, and 9.
The following information is from Princeton Company's comparative balance sheets. Current At December 31 Prior Year Year Common stock, $10 par value Paid-in capital in excess of par Retained earnings $ 105,000 $ 100,000 567,000 313,500 342, е00 287,500 The company's net income for the current year ended December 31 was $48,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. es Common Stock, $10 Par Beg. bal. End. bal. Paid-in Capital in Excess of Par Beg. bal.
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The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 20Y7 20Y6 20Y5 Total assets $275,000 $248,000 $221,000 Notes payable (8% interest) 90,000 90,000 90,000 Common stock 36,000 36,000 36,000 Preferred 3% stock, $100 par 18,000 18,000 18,000 (no change during year) Retained earnings 102,555 70,255 54,000 The 20Y7 net income was $32,840, and the 20Y6 net income was $16,795. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders’ equity for the years 20Y6 and 20Y7. Round percentages to one decimal place. Return on total assets Return on stockholders’ equity Return on common stockholders’ equity
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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Please see the attachment for details: Instructions Determine the following measures for 20Y2, rounding to one decimal place, including percentages, except for per-share amounts:1. Working capital2. Current ratio3. Quick ratio4. Accounts receivable turnover5. Number of days’ sales in receivables6. Inventory turnover7. Number of days’ sales in inventory8. Ratio of fixed assets to long-term liabilities9. Ratio of liabilities to stockholders’ equity10. Times interest earned11. Asset turnover12. Return on total assets13. Return on stockholders’ equity14. Return on common stockholders’ equity15. Earnings per share on common stock16. Price-earnings ratio17. Dividends per share of common stock18. Dividend yield
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