has the following balance sheet (December 31, 2023). The figures are in $ million.CashShort-term investmentsAccounts receivableInventoryCurrent assetsGross fixed assetsAccumulated deprec.Net fixed assets$4030307017025050200Total assetsAccounts payableAccrualsNotes payable$370Current liabilitiesLong-term debtCommon stock (par value=$1)Retained earningsTotal common equityTotal liab. & equityNote that only 50% of "cash" (shown in the balance sheet above) is used in operation.$305010907030180210Use the above information to answer questions 88. What is its total operating capital for 2023? $240 m$370

Operating capital, also known as working capital, is the cash used for daily operations in a…

the following balance sheet (December 31, 2023). The figures are in 8 million. $30 50 Cash Short-term investments Accounts receivable Inventory Current assets Gross fixed assets Accumulated deprec. Net fixed assets $40 30 30 70 170 250 50 200 Accounts payable Accruals Notes payable $370 Current liabilities 10 90 Long-term debt Common stock (par value=$1) Retained earnings Total common equity Total assets Total liab. & equity Note that only 50% of "cash" (shown in the balance sheet above) is used in operation. Use the above information to answer questions 8 8. What is its total operating capital for 2023? $240 m 70 30 180 210 $370

the following balance sheet (December 31, 2023). The figures are in 8 million. $30 50 Cash Short-term investments Accounts receivable Inventory Current assets Gross fixed assets Accumulated deprec. Net fixed assets $40 30 30 70 170 250 50 200 Accounts payable Accruals Notes payable $370 Current liabilities 10 90 Long-term debt Common stock (par value=$1) Retained earnings Total common equity Total assets Total liab. & equity Note that only 50% of "cash" (shown in the balance sheet above) is used in operation. Use the above information to answer questions 8 8. What is its total operating capital for 2023? $240 m 70 30 180 210 $370

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

Compute the debt ratio from the data shown below: Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings bef interest and taxes (EBIT) 2007 $1,290 9,890 13,760 $24,940 $18,060 $43.000 $8,170 6,020 4.730 $18,920 $8,815 $27.735 $5,805 2.460 $15.265 $43,000 2007 $51.600 48,246 903 $2,451 K
Use the following information to complete the Financial Statements a. Average collection period of 55 days Total equity is $2,250,000 C. Return on Equity of 12% d. Total assets turnover of 1.248 е. Gross profit margin of 40% f. Curren ratio of 3.5 g. Long term liabilities are $1,514,422.5 h. Initial inventory was $1,000,000 and the inventory turnover is 3 times i. The debt ratio (liabilities to assets) is 48% Income Statement Sales Cost of goods sold Gross profit Expenses and taxes Net profit b.
Consider the following company’s balance sheet and income statement Return on assets. Return on equity.
The following information applies to the questions displayed below.] Simon Company's yearend balance sheets follow. Current 2 31 Assets Cash Accounts receivable , Merchandise inventory Prepaid expenses ? assets , Total assets Liabilities and Equity Bccounts payable Long-term payable secured by mortgages on plast assets Common stock, $ 10 par value earnings Total Isabilities and equity $ 31,224 89,900 115,000 10,055 277, 807 $523.985 $ 37,266 62,200 50,400 84,000 57,000 4,141 259,433 223,893 $ 451,712 372, 701 $ 131,777$ 77,103 $ 99,494 162,500 130.215 $523.986 104, 5 83,190 162,500 162,500 107.176 77.322 $ , 712 372, 70
Find BEP.
Ratio AnalysisPresented below are summary financial data from Porter’s annual report: Amounts in millions Balance Sheet Cash and Cash Equivalents $1,850 Marketable Securities 19,100 Accounts Receivable (net) 9,367 Total Current Assets 39,088 Total Assets 123,078 Current Liabilities 38,450 Long-Term Debt 7,279 Shareholders’ Equity 68,278 Income Statement Interest Expense 400 Net Income Before Taxes 14,007 Calculate the following ratios:(Round to 2 decimal points) a. Times-interest-earned ratio Answer b. Quick ratio Answer c. Current ratio Answer
Based on the financial statements below, what is the current ratio and quick ratio?
The following information is from reformulated financial statements (in millions): Operating assets a. Short-term marketable securities Operating liabilities Bonds payable Book value Sales Operating expenses Interest revenue Interest expense Tax expense Earnings (net) 2012 $2,700 2011 $2,500 100 400 (300) (1,300) (100) (1,400) $1,200 $1,400 $2,100 (1,677) 27 (137) (106) $207 (1) Calculate ROCE for 2012; use average book value in the denominator. (2) Calculate RNOA for 2012; use average net operating assets in the denominator. (3) Show the effect of financial leverage for this firm. (4) Calculate the net dividends for 2012. (5) What would be ROCE for 2012, if the firm has not paid out any dividend in 2012? Explain the effect of dividend payment. b. The firm's short-term borrowing rate is 4.5 percent after tax. Supply the numbers for the formula Page 1 of 2 RNOA ROOA+ (OLLEV × OLSPREAD) c. Supply the numbers for the formula: ROCE=PM ATO + [Financial leverage × (RNOA - Borrowing cost)]
Ratio Analysis Presented below are summary financial data from Pompeo’s annual report: Amounts in millions Balance sheet Cash and cash equivalents $2,712 Marketable securities 27,128 Accounts receivable (net) 14,051 Total current assets 58,632 Total assets 184,617 Current liabilities 66,017 Long-term debt 12,738 Shareholders’ equity 119,487 Income Statement Interest expense 539 Net income before taxes 24,512 Calculate the following ratios: (round to two decimal places) a. Times-interest-earned ratio b. Quick ratio c. Current ratio
What is the debit to asset ratio?
Given the following information, calculate the debt ratio percentage: Liabilities $24,000 Liquid assets $4,400 Monthly credit payments $300 Monthly savings $260 Net worth $72,000 Current liabilities $1,100 Take-home pay $1,800 Gross income $3,000 Monthly expenses $1,540 a) 33.3 b) 4 c) 2.86 O d) 16.67 O e) 8.67
Additional information: 2018 current ratio: 1.4:1 debt to total assets: 61.1% Question: find working capital for 2018 Additional information: 2017 current ratio 1.5:1 working capital: 214,500 Question find debt to total assets for 2017