The total assets and total liabilities (in millions) of Keurig Green Mountain, Inc. and Starbucks Corporation follow: Assets Keurig Green Mountain Starbucks $4,002 Liabilities 1,288 $12,446 6,628 Determine the owners' equity of each company.

The total assets and total liabilities (in millions) of Keurig Green Mountain, Inc. and Starbucks Corporation follow: Assets Keurig Green Mountain Starbucks $4,002 Liabilities 1,288 $12,446 6,628 Determine the owners' equity of each company.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter1: Introduction To Accounting And Business

Section: Chapter Questions

Problem 5E: The total assets and total liabilities (in millions) of Dollar Tree Inc. and Target Corporation...

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The total assets and total liabilities (in millions) of Keurig Green Mountain, Inc. and Starbucks Corporation follow Keurig Green Mountain Starbucks Assets $4,002 $12,446 Liabilities 1,288 6,628 Determine the owners' equity of each company
The total assets and total liabilities (in millions) of Dollar Tree Inc. and Target Corporation follow: Determine the owners equity of each company.
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 1,572
The total assets and total liabilities (in millions) of McDonald’s Corporation (MCD) and Starbucks Corporation (SBUX) follow: McDonald’s Starbucks Assets $37,939 $14,330 Liabilities 30,851 8,446 Determine the stockholders' equity of each company. McDonald’s Corporation stockholders' equity $fill in the blank 1 million Starbucks' Corporation stockholders’ equity $fill in the blank 2 million
Selected financial data for these two close competitors in the home building industry are provided below: ($ in millions) Company A Company B Total assets $40,930 $33,000 Total liabilities 21,500 13,990 Total stockholders' equity 19,430 19,010 Sales $66,174 $47,240 Interest expense 700 350 Tax expense 1,390 1,070 Net income 2,610 1,790 1-a. Calculate the debt to equity ratio for Company A and Company B. (Round your answers to 2 decimal places.) Debt to Equity Ratio Company A Company B 1-b. Which company has the higher ratio? Company A Company B 2-a. Calculate the times interest earned ratio for Company A and Company B. (Round your answers to 1 decimal place.) Time Interest Earned Ratio Company A times Company B times 2-b. Which company is better able to meet interest payments as they become due? Company A Company B
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. $3,000,000
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…
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Selected 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 Cash
he following information pertains to Austin, Incorporated and Huston Company: Account Title Austin Huston Current assets $ 85,000 $ 85,000 Total assets 590,000 660,000 Current liabilities 23,375 42,500 Total liabilities 310,000 514,500 Stockholders’ equity 280,000 145,500 Interest expense 17,600 21,100 Income tax expense 35,200 30,600 Net income 88,000 91,400 Required a-1. Compute each company’s debt-to-assets ratio, current ratio, and times interest earned (EBIT must be computed). Note: Round your "Debt-
Phelps Corporation owns all of the common stock of Stern Company. Each company maintains its own accounting records and prepares separate financial statements. Balance sheets for each company as of December 31, 20Y8, are as follows: Line Item Description PhelpsCorporation SternCompany Assets Cash 30,500 20,500 Accounts Receivable 29,100 20,000 Inventory 80,000 35,250 Investment in Stern Company 85,750 — Other assets 300,000 40,000 Total assets 525,350 115,750 Liabilities and Stockholders’ Equity Accounts Payable 80,000 30,000 Common Stock 300,000 50,000 Retained Earnings 145,350 35,750 Total liabilities and stockholders’ equity 525,350 115,750 Prepare a December 31, 20Y8, consolidated balance for Phelps Corporation and Subsidiary.
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 % %