The following balances and amounts were taken from the financial statements of Pina, Inc. The data are presented in alphabetical order. Accounts payable $37100 Cash provided by operations $92200 Accounts receivable 38700 Net income 37558 Average common shares outstanding 21100 Salaries and wages payable 8800 Average current liabilities 112200 Stockholders' equity 249000 Average and total assets 614000 Total current assets 308000 Average total liabilities 323000 Total current liabilities 126000 Cash 148000 How much is earnings per share? O $0.15 O $1.78 O $0.57 O $0.85
Q: Preparation of financial statements for a nonprofit Following are the preclosing fund trial balances…
A: ### Explanation of Financial Statements for a Nonprofit OrganizationIn nonprofit organizations,…
Q: p2 please help....
A: Referencehttps://www.investopedia.com/terms/c/cfat.asp
Q: I want correct answer
A: To calculate the company's gross profit, we need to use the formula: Gross Profit=Net Sales−Cost of…
Q: Accounting A. Jack has the following purchases for the month of may 2012 May 1 From D. Pope 4 DVDs…
A: Detailed explanation Jack has the following purchases for the month of may, 2012May 1 from D. Pope4…
Q: 6
A: Option a: This option is incorrect because although it is one of the methods, it is not the best…
Q: Based on Lab 2-4 Excel Sensitivity Analysis of Profitability under Changing Volume, Sales Price, and…
A: Please give me helpful review thanks
Q: Provide solution for this question
A: If you have any problem let me know in comment box thankyou.
Q: Solve
A: Step 1:Computation of the average total assets: Average total assets = (Total assets at the…
Q: Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is…
A: Overview:Context: Richardson Ski Racing (RSR) sells fencing used on downhill ski courses, with…
Q: Pick up one answer from each “ Dot ball has Two options”: have employees work overtime in order to…
A: Step 1: Dotball's Current Annual Relevant Range of OutputDotball currently operates within a range…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Step 1: Calculate the future value of each year's tuitionThe tuition payments are made at the…
Q: None
A: Step 1: Introduction to the Total CostTotal cost is the aggregate of all expenses a company incurs…
Q: Hi expart give correct answer
A: Sales revenue represents the total amount of money that a company earns from selling goods or…
Q: need solution please provide it
A: Step 1: Calculate Total Production CostsWe need to sum up all the production costs:Direct materials:…
Q: Maack Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If…
A: Step 1: Introduction to CVP AnalysisCVP analysis, or cost-volume-profit analysis, is a management…
Q: 1 of 2 Required Information Comprehensive Problem 6-65 (LO 6-1, LO 6-2, LO 6-3) (Algo) [The…
A: 1. Calculate Adjusted Gross Income (AGI)Income:Joe's Salary: $116,500Jessie's Craft Sales:…
Q: Describe how internal control systems help organizations achieve objectives and respond to risks.
A: Internal control systems are a set of procedures and mechanisms put in place by an organization to…
Q: Please answer this questions I need help on this questions from your accounting expert.…
A: In conclusion, both arbitration and mediation serve as valuable alternatives to litigation, each…
Q: Describe fraud, computer fraud, and computer abuse.
A: Fraud is a deliberate act of deception intended for personal gain or to cause damage to another…
Q: Need answer this question
A: Step 1: Introduction to the Budgeted Manufacturing CostBudgeted manufacturing costs refer to the…
Q: What is a good response to? Hello everyone, What are the primary benefits of using flexible budgets…
A: A flexible budget is a budget that adjusts or flexes for changes in the volume of activity. Unlike a…
Q: Do not use Ai
A: Suppose that Charles holds the land for rent.ParticularsAmountCountry real estate tax on the…
Q: Do not use Ai
A: Step 1: Analyze each transaction's impact on the accounting equation:The accounting equation is:…
Q: Want help
A: Approach to solving the question: Manufacturing Costs and Cost of Goods Sold Detailed explanation:…
Q: mni.3 answer must be in table format or i will give down vote
A: Situation a: Calculations: Supplies expense for current year = Total supplies available - Supplies…
Q: Need help with this question
A: Step 1: Introduction to the Gross ProfitThe gross profit is the surplus of sales revenue over the…
Q: Do not use Ai
A:
Q: Georgio owns a 30 percent profits and capital interest in Rain Tree LLC. For the current year, Rain…
A: a. How much ordinary business income (loss) is allocated to Georgio for the year?DescriptionTotal…
Q: Dowson Company is creating components of its master budget for the year. Below is some information…
A: expected cashcollections schedule calculates quarterly cash inflows from sales ,considering the…
Q: SOLVE this problem
A: If you have any problem let me know in comment box thankyou.
Q: (b1) Your answer is partially correct. Indicate the income statement reporting by Oriole at March…
A: Step 1:Sales revenue(200x47)9400Less: Sales returns and allowances(7x47)329Net…
Q: Ramos Company has a 90-day note that carries an annual interest rate of 8%. If the amount of the…
A: Step 1: Calculation of principal of note We can calculate the principal of note using following…
Q: +++ Knight Company reports the following costs and expenses in May. Factory utilities Depreciation…
A: Note 1Manufacturing overhead are indirect costs incurred in the production process that cannot be…
Q: Do not use chatgpt
A:
Q: Exercise 1-16A (Algo) Applications of the Sarbanes-Oxley Act LO 1-6 The CFO of the Munoz Microscope…
A: Scenario:The CFO of Munoz Microscope Corporation misclassified a downstream transportation expense…
Q: Need answer the question
A: If you have any problem let me know in comment box thankyou.
Q: None
A: Step 1: Introduction to the Net IncomeNet income is the income that is left after accounting for all…
Q: If CBA Failed to meet earning expectations because Loan Impairment expense was Higher than expected,…
A: The question is asking about the likely Earnings Response Coefficient (ERC) if Commonwealth Bank of…
Q: Provide solution
A:
Q: I want correct answer
A: Approach to solving the question:Understanding and Analysis Detailed explanation: Understanding the…
Q: I want to answer this question
A: Step 1: Introduction to the Net salesThe income statement is the financial report prepared to…
Q: Do not use Ai
A: Amortization Table:DateInterest received (a)Interest revenue…
Q: Campus Flights pide un préstamo bancario por un monto de $200,500 el 1 de marzo. Los términos del…
A: Step 1: Calculate the Interest Recognized at 31st December of Year 1To calculate the interest…
Q: An accounting information system (AIS) collects, stores, and processes financial and accounting data…
A: Business Transaction Experience:Let's consider a simple business transaction involving the purchase…
Q: Can you please give answer?
A: Step 1: Introduction to the Further Processing CostIn the case of joint products, it is important…
Q: None
A: Step 1: Given Value for Calculation Initial Cost = ic = $120,000Time = t = 7 YearsCash Flow = cf =…
Q: The table below shows a certain state's income tax rates for individuals filing a return. Complete…
A: Given Tax Brackets:For income between $0 and $12,500: The tax is 4% of taxable income.For income…
Q: The Sheridan Company accumulates the following cost and net realizable value data at December 31.…
A: To calculate the lower-of-cost-or-net realizable value of the inventory, we need to compare the cost…
Q: Need help please
A: Step 1: Introduction to the Activity-Based Costing (ABC) ProcessThe indirect costs incurred by a…
Q: Given below are the account balances for Charlie Company: Gross sales - $92,000 Sales returns and…
A: Step 1: Calculate net sales.Net sales = Gross sales - Sales returns and allowancesNet…
Step by step
Solved in 2 steps with 2 images
- help in full detailSelected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet Dec. 31, Year 7 Dec. 31, Year 6 Current Assets Cash and cash equivalents $519,159 $274,579 Marketable securities 166,106 187,064 Accounts receivable (net) 232,548 260,190 Inventories 382,044 352,022 Prepaid expenses 49,832 22,958 Other current assets 83,053 85,029 Total Current Assets 1,432,742 1,181,842 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,384,962 $2,232,263 Current Liabilities Short-term borrowings $306,376 $170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 228,700 257,631 Accrued liabilities 246,292 150,285 Income taxes payable 87,962 161,020 Total Current Liabilities 1,024,330 907,355 Long-term debt 500,000 300,000 Deferred income taxes 193,515 236,164 Total Liabilities 1,717,845 1,443,519 Common stock $425,250…Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Corporation Wayne EnterprisesCurrent assets:Cash and cash equivalents $ 2,494 $ 541Current investments 125Net receivables 1,395 217Inventory 10,710 8,600Other current assets 773 301Total current assets $15,372 $9,784Current liabilitiesCurrent debt $ 1,321 $ 47Accounts payable 8,871 5,327Other current liabilities 1,270 2,334Total current…
- Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet Dec. 31, Year 7 Dec. 31, Year 6 Current Assets Cash and cash equivalents $576,843 $305,088 Marketable securities 166,106 187,064 Accounts receivable (net) 258,387 289,100 Inventories 424,493 391,135 Prepaid expenses 55,369 25,509 Other current assets 83,053 85,029 Total Current Assets 1,564,251 1,282,925 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,516,471 $2,333,346 Current Liabilities Short-term borrowings $306,376 $170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 254,111 286,257 Accrued liabilities 273,658 166,983 Income taxes payable 97,735 178,911 Total Current Liabilities 1,086,880 970,570 Long-term debt 500,000 300,000 Deferred income taxes 215,017 262,404 Total Liabilities 1,801,897 1,532,974 Common stock $425,250…The following data were taken from the comparative balance sheet of Osborn Sisters Company for the years ended December 31, 20Y9 and December 31, 20Y8: Dec. 31, 20Y9 Dec. 31, 20Y8 Cash $295,200 $218,900 Temporary investments 315,000 239,800 Accounts and notes receivable (net) 289,800 261,300 Inventories 405,000 324,000 Prepaid expenses 345,000 126,000 Total current assets $1,650,000 $1,170,000 Accounts payable $290,000 $315,000 Accrued liabilities 210,000 135,000 Total current liabilities $500,000 $450,000What is the Days Payables Outstanding? Use the attached financial data to calculate the ratios. Round to the nearest decimal. Abercrombie & Fitch Co (ANF) Financial Data Revenues Cost of Sales Total Operating Expenses Interest Expense Income Tax Expense Diluted Weighted Shares Outstanding Cash + Equivalents Accounts Receivable Inventories Total Current Assets Total Assets Accounts Payable Total Current Liabilities Total Stockholders' Equity ANF Stock Price = $10.30 Select one O A. 42.3 days, 37.0 days OB. 76.1 days, 89.4 days OC. 89.4 days, 37.0 days OD. 76.1 days, 97.7 days 2022 $3,659.3 $1,545.9 $2,026.9 $28.5 $37.8 52.8 $257.3 $108.5 $742.0 $1,220.4 $2,694.0 $322.1 $935.5 $656.1 2021 $3,712.8 $1,400.8 $1,968.9 $34.1 $38.9 62.6 $823.1 $69.1 $525.9 $1,507.8 $2,939.5 $374.8 $1,015.2 $826.1
- The following data were taken from the balance sheet of Albertini 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. $620,500 718,500 294,000 749,800 386,200 $2,769,000 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Albertini has in current assets relative to current liabilities. $411,800 298,200 $710,000 $496,000 558,000 186,000 529,500 338,500 $2,108,000 $434,000 186,000 $620,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year from the preceding year to the current year. The working capital, current ratio, and quick ratio have all Most of these changes are the result of anAssume you are given the following abbreviated financial statements: Data table (Click on the icon here in order to copy its contents of the data table below into a spreadsheet.) ($ in millions) Current assets $115 Fixed and other assets $186 Total assets $301 Current liabilities $88 Long-term debt $38 Stockholders' equity $175 Total liabilities and equity $301 Common shares outstanding 11 million shares Total revenues $469 Total operating costs and expenses $402 Interest expense $9 Income taxes $23 Net profits $35 Dividends paid to common stockholders $11 . On the basis of this information, calculate as many liquidity, activity, leverage, profitability, and common stock measures as you…Lory Group (Financial ratios) (amounts in millions): A skeleton of Lory Group's financial statements (i.e., Statement of financial position and Statement of profit or loss) for the year ending on 31 December 20X9, appears as follows Statement of financial position Inventories Trade receivables Cash and cash equivalents Current assets Non-current assets Total assets Share capital Reserves Retained earnings Equity Trade payables Long-term liabilities Equity and liabilities Statement of profit or loss Net sales Cost of sales Administrative expenses Interest expense Profit before taxes Income tax expense Profit for the year 9 h -9.533 i 17.566 j k a 3.026 7.196 b C d 63.574 22.023 39.066 124.663 34.998 e f Required: Use the following ratio data to complete Lory Group's financial statements: Return on equity = 0.1347 Total asset turnover = 0.5427 Net operating margin = 0.164135 Current ratio = 0.3554 Acid test ratio = 0.29207 Inventory turnover = 48.2942 Gearing (total finance) = 0.4383
- Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet As of December 31 Year 7 Year 6 Current Assets Cash and cash equivalents $ 634,527 $ 335,597 Marketable securities 166,106 187,064 Accounts receivable (net) 284,226 318,010 Inventories 466,942 430,249 Prepaid expenses 60,906 28,060 Other current assets 83,053 85,029 Total Current Assets 1,695,760 1,384,009 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,647,980 $2,434,430 Current Liabilities Short-term borrowings $ 306,376 $ 170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 279,522 314,883 Accrued liabilities 301,024 183,681 Income taxes payable 107,509 196,802 Total Current Liabilities 1,149,431…Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet As of December 31 Year 7 Year 6 Current Assets Cash and cash equivalents $ 634,527 $ 335,597 Marketable securities 166,106 187,064 Accounts receivable (net) 284,226 318,010 Inventories 466,942 430,249 Prepaid expenses 60,906 28,060 Other current assets 83,053 85,029 Total Current Assets 1,695,760 1,384,009 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,647,980 $2,434,430 Current Liabilities Short-term borrowings $ 306,376 $ 170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 279,522 314,883 Accrued liabilities 301,024 183,681 Income taxes payable 107,509 196,802 Total Current Liabilities 1,149,431…Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet As of December 31 Year 7 Year 6 Current Assets Cash and cash equivalents $ 634,527 $ 335,597 Marketable securities 166,106 187,064 Accounts receivable (net) 284,226 318,010 Inventories 466,942 430,249 Prepaid expenses 60,906 28,060 Other current assets 83,053 85,029 Total Current Assets 1,695,760 1,384,009 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,647,980 $2,434,430 Current Liabilities Short-term borrowings $ 306,376 $ 170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 279,522 314,883 Accrued liabilities 301,024 183,681 Income taxes payable 107,509 196,802 Total Current Liabilities 1,149,431…