not use ai please don't The following information pertains to Dallas Company. Assume thatall balance sheet amounts represent both average and endingbalance figures and that all sales were on credit.AssetsCash and short-term investments$36,046Accounts receivable (net)32,313Inventory33,476Property, plant, and equipment224,920Total assets$326,755Liabilities and Stockholders' EquityCurrent liabilitiesLong-term liabilitiesCommon stock, $20 parRetained earningsTotal liabilities and stockholders' equity$58,89987,611112,70067,545$326,755Income Statement$87,187(39,234)$47,953(29,490)$18,463SalesCost of goods soldGross profitOperating expensesNet incomeShares of common stockMarket price per share of common stockDividends per shareCash provided by operations5,635$20$1.00$40,000What is the return on stockholders' equity?a. 3.3%b. 10.2%Oc. 1.2%d. 6.1%

Step 1: Return on stockholder's equity = net income / stockholder's equity Step 2:Net Income =…

Answered: The following information pertains to…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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The following information pertains to Cachet Company. Assume that allBalance sheet amounts represent both average and ending balance figures.Assume that all sales were on credit.AssetsCash and short-term investments P 40,000Accounts receivable (net) 30,000Inventory 25,000Property, plant and equipment 215,000Total Assets P310, 000Liabilities and Stockholders’ EquityCurrent liabilities P 60,000Long-term liabilities 95,000Stockholders’ equity—common 55,000Total Liabilities and Stockholders’ Equity P310, 000Income StatementSales P 90,000Cost of goods sold 45,000Gross margin 45,000Operating expenses 20,000Net income P 25,000Number of shares of common stock 6,000Market price of common stock P20Dividends per share P1.00What is the price-earnings ratio for this company?A. 6 timesB. 4.2 timesC. 8 times D. 4.8 times Can you please give me a coherent solution for this?
The following information pertains to Newman Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.AssetsCash and short-term investments $ 40,000Accounts receivable (net) 30,000Inventory 25,000Property, plant and equipment 215,000 Total Assets $310,000Liabilities and Stockholders' EquityCurrent liabilities $ 60,000Long-term liabilities 95,000Stockholders' equity-common 155,000 Total Liabilities and stockholders' equity $310,000 Income Statement Sales $ 90,000Cost of goods sold 45,000Gross margin…
The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Line Item Description Amount Cash and short-term investments $35,940 Accounts receivable (net) 27,501 Inventory 32,905 Property, plant, and equipment 244,703 Total assets $341,049 Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $66,328 Long-term liabilities 99,677 Common stock, $20 par 101,260 Retained earnings 73,784 Total liabilities and stockholders' equity $341,049 Income Statement Line Item Description Amount Sales $88,038 Cost of goods sold (39,617) Gross profit $48,421 Operating expenses (29,760) Net income $18,661 Line Item Description Amount Shares of common stock 5,063 Market price per share of common stock $20 Dividends per share $1.00 Cash provided by operations $40,000 What is the…
The following information pertains to Diana Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Line Item Description Amount Cash and short-term investments $36,084 Accounts receivable (net) 26,488 Inventory 39,031 Property, plant, and equipment 284,840 Total Assets $386,443 Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $64,429 Long-term liabilities 91,237 Common stock 175,317 Retained earnings 55,460 Total liabilities and stockholders' equity $386,443 Income Statement Line Item Description Amount Sales $88,296 Cost of goods sold 35,318 Gross margin $52,978 Operating expenses (20,439) Interest expense (4,415) Net income $28,124 Line Item Description Amount Number of shares of common stock outstanding 5,546 Market price of common stock $29 Total dividends paid $9,000 Cash provided by operations…
The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the question that follow. AssetsCash and short-term investments $ 30,000Accounts receivable (net) 20,000Inventory 15,000Property, plant, and equipment 185,000Total assets $250,000 Liabilities and Stockholders' EquityCurrent liabilities $ 45,000Long-term liabilities 70,000Stockholders' equity—Common 135,000Total liabilities and stockholders' equity $250,000 Income StatementSales $85,000Cost of goods sold 45,000Gross margin $40,000Operating expenses (15,000)Interest expenses (5,000)Net income $20,000 Number of shares of common stock outstanding 6,000Market price of common stock $20Total dividends paid $9,000Cash provided by operations $30,000 Using the data provided for Diane Company, what is the return on common stockholders' equity?a.6.75%b.14.8%c.13.5%d.7.4%
The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the question that follow. AssetsCash and short-term investments $ 30,000Accounts receivable (net) 20,000Inventory 15,000Property, plant, and equipment 185,000Total assets $250,000 Liabilities and Stockholders' EquityCurrent liabilities $ 45,000Long-term liabilities 70,000Stockholders' equity—Common 135,000Total liabilities and stockholders' equity $250,000 Income StatementSales $85,000Cost of goods sold 45,000Gross margin $40,000Operating expenses (15,000)Interest expenses (5,000)Net income $20,000 Number of shares of common stock outstanding 6,000Market price of common stock $20Total dividends paid $9,000Cash provided by operations $30,000 Using the data provided for Diane Company, what is the price-earnings ratio?a.8.0 timesb.2.5 timesc.6.0 timesd.4.0 times
Additionally, the company informed the following: Net income = $156,042 Sales = $4,063,589 Determine the following values for the company: Current ratio _____________ Quick ratio _____________ Days’ sales outstanding (DSO) _____________
Consider the following facts for Company A: Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities $ 45,000 25,000 20,000 210,000 $ 300,000 Long-term liabilities $ 50,000 90,000 160,000 Stockholders' equity- common Total liabilities and stockholders' equity $300,000 Income Statement Sales Cost of goods sold Gross profit Operating expenses $ 120,000 66,000 54,000 30,000 $ 24,000 Net income Number of shares of common stock Market price of common stock Dividends per share 6,000 $20 0.50 What is the return on assets for Company A?
Brock Company's financial information is as follows. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Line Item Description Amount Cash and short-term investments $38,295 Accounts receivable (net) 31,903 Inventory 28,357 Property, plant, and equipment 286,566 Total assets $385,121 Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $60,915 Long-term liabilities 88,993 Common stock, $10 par 69,670 Retained earnings 165,543 Total liabilities and stockholders’ equity $385,121 Income Statement Line Item Description Amount Sales $91,601 Cost of goods sold (41,220) Gross profit $50,381 Operating expenses (28,458) Net income $21,923 Number of shares of common stock 6,967 Market price of common stock $33 What is the current ratio? Round your answer to two decimal places.
Calculate the following for Co. XYZ: a. Current ratio b. Debt ratio Assets: Cash and marketable securities $400,000 Accounts receivable 1,415,000 Inventories 1,847,500 Prepaid expenses 24,000 Total current assets $3,686,500 Fixed assets 2,800,000 Less: accumulated depreciation 1,087,500 Net fixed assets $1,712,500 Total assets $5,399,000 Liabilities: Accounts payable $600,000 Notes payable 875,000 Accrued taxes Total current liabilities $1,567,000 Long-term debt 900,000 Owner's equity Total liabilities and owner's equity Co. XYZ Income Statement: Net sales (all credit) $6,375,000 Less: Cost of goods sold 4,375,000 Selling and administrative expense 1,000,500 Depreciation expense 135,000 Interest expense Earnings before taxes $765,000 Income taxes Net income Common stock dividends $230,000 Change in retained earnings
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
We are given the following information for the Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $ 2,880,000 188,000 890,000 811,000 1.35 times 2.30 times a. Accounts receivable b. Marketable securities c. Fixed assets d. Long-term debt 40 % 5 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Lienser Fraktala TAMARA TANT RISHI TRITATE FAST JET PARETSTRANS I nemal osted or annemangen MANENBER HAGPAINT MANSION LARPURCO Calculate the following balance sheet items. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)

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