The total assets and total liabilities (in millions) of Dollar Tree Inc. and Target Corporation follow: Assets Liabilities Dollar Tree Target Corporation $ 3,567 1,782 $ 41,404 27,407 Determine the owners' equity of each company.
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- 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…Accounting equation The total assets and total liabilities (in millions) of ABC Corporation and XYZ Corporation follow: Assets ABC Liabilities XYZ $47,172 $45,757 20,756 21,963 Determine the stockholders' equity of each company. ABC Corporation stockholders' equity $ XYZ Corporation stockholders' equity $ million millionThe balance sheet for Stuart Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio $ 238,000 770,000 $1,008,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) % 144,000 441,000 585,000 423,000 $1,008,000
- Accounting Equation The total assets and total liabilities (in millions) of ABC Corporation and XYZ Corporation follow: ABC XYZ Assets $28,042 $27,201 Liabilities 12,338 13,056 Determine the stockholders' equity of each company. ABC Corporation stockholders' equity million XYZ Corporation stockholders' equity millionSelected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: АСМЕ Wayne Enterprises ($ in millions) Current assets: Corporation $ 275 530 Cash and cash equivalents 369 Current investments Net receivables 575 196 Inventory Other current assets 10,545 1,367 8,509 245 Total current assets $12,862 $9,755 Current liabilities: Current debt $ 8,521 Accounts payable Other current liabilities $4,400 1,051 2,416 ר1,79 1,008 Total current liabilities $11,326 $7,867 Required: 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.) Current Ratio ACME Corporation Wayne Enterprises Cashanswer please
- Data from the financial statements of Naranjo Co. and Jablonsky, Inc. are presented below (in millions): Naranjo Co. Total liabilities, Year 20 Total liabilities, Year 1 Total assets, Year 2 Total assets, Year 1 Net Sales, Year 2 Net income, Year 2 Select one: O O $70,914 72,208 100,372 94,114 306,932 280 To the nearest hundredth, what is the Year 2 debt-to-total assets ratio for Jablonsky, Inc.? A. 0.21 B. 0.64 C. 4.96 D. 4.69 Jablonsky, Inc. $47,422 60,092 73,744 70,416 163,040 1,572Calculate 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 $230,000 Change in retained earningsSelected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ($ in millions) ACME Corporation Wayne Enterprises Current assets: Cash and cash equivalents $519 $185 Current investments 7 461 Net receivables 618 106 Inventory 10, 645 7,609 Other current assets 1,251 155 Total current assets $13,040 $8,516 Current liabilities: Current debt $7,621 $4,464 Accounts payable 1,707 961 Other current liabilities 1, 148 2,552 Total current liabilities $10,476 $7,977 Required: 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. 1-b. Which company has the more favorable ratio? 2-a. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. 2-b. Which company has the more favorable ratio?
- The Davidson Corporation’s balance sheet and income statementare given here:Davidson Corporation: Balance Sheet as of December 31, 2005(Millions of Dollars)Assets Liabilities and EquityCash and equivalents $ 15 Accounts payable $ 120Accounts receivable 515 Notes payable 220Inventories 880 Accruals 280Total current assets $1,410 Total current liabilities $ 620Net plant and equipment 2,590 Long-term bonds 1,520Total debt $2,140Common stock(100 million shares) 260Retained earnings 1,600Common equity $1,860Total assets $4,000 Total liabilities and equity $4,000Davidson Corporation: Income Statement for Year Ending December 31, 2005(Millions of Dollars)Sales $6,250Operating costs excluding depreciation and amortization 5,230EBITDA $1,020Depreciation and amortization 220EBIT $ 800Interest 180EBT $ 620Taxes (40%) 248Net income $ 372Common dividends paid $ 146Earnings per share $ 3.72a. All revenues were received in cash during the year and all costs except depreciationand amortization were…The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets EBIT Interest EBT Taxes (25%) Net Income $ Common dividends paid Earnings per share Liabilities and Equity 20 Accounts payable 525 Accruals 850 Notes payable $ 1,395 2,525 Davidson Corporation: Income Statement for Year Ending December 31, 2021 (millions of dollars) Total current liabilities Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity $ 3,920 Total llabilities and equity Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization $ Shares Common Stock $ $ $ $ 130 280 230 640 1,500 $ 2,140 280 $ 5,750 4,440 $ 1,310 240 $ 1,070 190 880 220 660 $ $ $ a. Construct the statement of stockholders' equity for December 31,…What is the debit to asset ratio?
