The liabilities of Sapphire Logistics increased by $85,000 during a period of time, while the owner's equity decreased by $40,000 during the same period. What must have happened to the assets of the business during this time? a. Decreased $125,000 b. Increased $45,000 c. Increased $85,000 d. Increased $40,000
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- A. Income StatementAt the end of the last year, King Power Company achieved $6 million in income (EBITDA). Depreciation expense was $1.2 million, interest expense was $800,000 and the corporate tax rate was 35%. At the end of the fiscal year the company had current assets totaling $12 million, $4 million in accounts payable, $1.5 million in accrued liabilities, $1.3 million in other payables, and $8 million in property, plant, and equipment. Assume that King Power has no excess cash, uses debt and equity to finance its operations, has no current liabilities, and recognizes depreciation periodically. Determine the company's net income or loss. Explain how this result can help the manager in making decisions in the company.2. Calculate net and operating working capital. Explain the difference between the two results.3. If the company had $6 million in property, plant, and equipment in the previous year and net operating working capital remained constant, what is the company's available…During the year, a merchandising company had the following transactions: Generated 300.000 TL revenue and incurred 225.000 TL expense. Issued new shares of 20.000 at a price of 1,2 TL (par value is 1 TL). Repurchased 10.000 of these new shares at a price of 1,1 TL. Sold these repurchased shares at a price of 0,5 TL. Revalued its headquarters building as well as its one of the rental properties. The increases in the relevant equity and income items have been found to be 15.000 TL and 20.000 TL. Suppose that the ending retained earnings balance in the Statement of Changes in Shareholders Equity is 105.000 TL. Then, what was the opening balance of the retained earnings at the beginning of the year? a) 10.000 TL b) 16.000 TL c) 20.000 TL d) 26.000 TLI
- Branch Corp.'s total assets at the end of last year were $310,000 and its net income after taxes was $22,750. What was its return on total assets? Select the correct answer. a. 8.34% b. 7.34% c. 6.84% d. 7.84% e. 6.34%Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectivelyFor the fiscal year just ended, Doran Electronics had the following results. Net income $920,000 Depreciation expense 110,000 Increase in accounts payable 45,000 Increase in accounts receivable 73,000 Increase in deferred income tax liability 16,000 Doran's net cash flow from operating activities is
- The following data is for questions 4 to 7 MI 1ST 10lsunten Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has nop amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, MA AUOT and the notes payable will be rolled over. Balance Sheet (Millions of S) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets and stai Liabilities and Equity level wo Accounts payable suzu ols eroja Notes payable Accruals Total current liabilities il of bozore al Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity being Income Statement (Millions of $) Net sales Operating costs except depr'n Depreciation Earnings bef int and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends Int rate on notes payable &…Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,170,000 in invested assets, sales of $1,236,000, income from operations amounting to $235,000, and a desired minimum return of 12%. The residual income for Mason Corporation is Oa. $132,440 Ob. $94,600 Oc. So Od. ($5,800) Previous Next 7:35 PM CP 12/13/2020 近16. Gatland recorded uncollectible accounts expense of $30,000 and wrote off accounts receivable of $25,000 during the year. The net effect of these two transactions on working capital was a decrease of: a. $55,000. b. $30,000. c. $25,000. d. $5,000.
- Grove Corp. has revenues of $1,531,000 resulting in an operating income of $183,000. Average invested assets total $801,000. If sales increase by 10% and the investment level remains constant, what is the investment turnover?A.) 2.10B.) 12.65%C.) 1.91D.) 11.95%Please give me answer accounting..disturbed inc had....Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:i) Calculate the operating cash flow ii) Calculate the cash flow to creditors iii) Calculate the cash flow to shareholders iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWC PLEASE SHOW WORKING
