The total assets and total liabilities (in millions) of Keurig Green Mountain, Inc. and Starbucks Corporation follow: Keurig Green Mountain Starbucks Assets $5,050 Liabilities $1,758 $13,460 $7,328 Determine the owners' equity of each company.
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- Campbell Company has current assets of $10 million of which $3,000,000 are accounts receivable. Its current liabilities total $7 million of which $2,000,000 are accounts payable and $500,000 are wages payable. Campbell's net credit is: a. $2,500,000. O b. $1,000,000. Oc. $500,000. d. $3,000,000Dallas and associates Total assets of $2.5 million Net plant and equipment equals $2 million notes payable $150000 Long term debt of $710000 Common total equity of $1.5 million The firm also has accounts payable and accruals of $100000 on its balance sheet What is the company’s total debt?Reynoso Manufacturing has a current ratio of 1.42:1 and current assets of $643 million. What are their current liabilities? O $913.1 million $381.4 million O $643 million O $452.8 million
- Quantum Moving Company has the following data. Industry information also is shown. Company data Year 20X1 20X2 20X3 Year 20X1 20X2 20X3 Net Income $ 351,000 380,000 433,000 Company Data Debt $ 1,709,000 1,826,000 1,960,000 Net income/Total assets Debt/Total assets Total Assets $ 2,826,000 3, 231,000 3,753,000 Total Assets $ 2,826,000 3,231,000 3,753,000 Net income/Total assets Debt/Total assets a. Calculate the company's data in terms of: Note: Input your answers as a percent rounded to 1 decimal place. 20X1 % Industry Data on Debt/Total Assets Praise Criticize Praise/Criticize Industry Data on Net Income/Total Assets 10.0% 8.3 4.7 20X2 % % 55.4% 47.0 32.0 b. As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of: 20X3 % %Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATIONIncome Statement Sales $ 42,900 Costs 33,900 Taxable income $ 9,000 Taxes (21%) 1,890 Net income $ 7,110 Dividends $ 2,509 Addition to retained earnings 4,601 The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATIONBalance Sheet Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 2,250 Accounts payable $ 4,000 Accounts receivable 5,100 Notes payable 8,000 Inventory 8,000 Total $ 12,000 Total $ 15,350 Long-term debt $ 22,000 Owners’ equity Fixed assets Common stock and…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…
- Campbell Company has current assets of $3 million of which $750,000 are accounts receivable. Its current liabilities total $2 million of which $500,000 are accounts payable and $100,000 are wages payable. Campbell’s net credit is: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…Feiler Corporation has total current assets of $515,000, total current liabilities of $379,000, total stockholders' equity of $1,089,000, total plant and equipment (net) of $1,063,000, total assets of $1,578,000, and total liabilities of $489,000. The company's current ratio is closest to: Multiple Choice O 078 1.05 1.36 2.17
- Quantum Moving Company has the following data. Industry information also is shown. Industry Data on Net Income/Total Assets 14.5% 9.5 4.9 Year 20X1 20X2 20X3 Year 20X1 20X2 20X3 Company data Net Income $427,000 407,000 397,000 Company Data Debt $ 1,709,000 1,784,000 1,901,000 Debt/Total assets Net income/Total assets Total Assets $ 2,877,000 3,224,000 3,837,000 Total Assets $ 2,877,000 3,224,000 3,837,000 a. Calculate the company's data in terms of: Note: Input your answers as a percent rounded to 1 decimal place. 20X1 Industry Data on Debt/Total Assets % % 20X2 57.8% 45.0 32.0 % % 20X3 % %RaghubhaiThe 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,…