United Airlines' 2016 balance sheet reported the following (in millions): Total assets Total liabilities Contributed capital $ 40,091 $31,485 $3,573 What were United Airlines' total liabilities and stockholders' equity on December 31, 2016? A. $36,518 million B. $40,091 million C. $35,058 million D. $8,606 million E. $36,518 million
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- The financial statements of Hainz Company appear below: HAINZ COMPANYComparative Balance SheetDecember 31 Assets 2020 20169 Cash $20,000 $40,000 Short-term investments 20,000 60,000 Accounts receivable (net) 40,000 30,000 Inventory 60,000 70,000 Property, plant and equipment (net) 260,000 300,000 Total assets $400,000 $500,000 Liabilities and stockholders' equity Accounts payable $20,000 $30,000 Short-term notes payable 40,000 90,000 Bonds payable 80,000 160,000 Common stock 150,000 150,000 Retained earnings 110,000 70,000 Total liabilities and stockholders' equity $400,000 $500,000 HAINZ COMPANYIncome StatementFor the Year Ended December 31, 2020 Net sales $400,000 Cost of goods sold 250,000 Gross profit 150,000 Expenses Operating expenses $42,000 Interest expense 18,000 Total expenses 60,000 Income before…Given the data in the following table, the entry for Inventories on the 2023 common-sized balance sheet was %.Burkhart Corporation has the following data as of December 31, 2024: Total Current Liabilities $ 45,380 Total Stockholders' Equity Total Current Assets 35,720 Other Assets Long-term Liabilities 140,245 Property, Plant, and Equipment, Net Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) = $? 37,400 261,005 Debt to equity ratio
- (1)Select information from BUI Balance Sheets as of December 31 Current Assets Net Plant and Equipment Total Assets Accounts Payable Notes Payable Accruals Long-Term Bonds Total Common Equity Total Liabilities & Equity Income Statement Earnings before interest and taxes Depreciation and Amortization Interest Taxes 40% Net Income Other Information WACC Number of shares outstanding Price per share What was 2014 EVA? $0 $197,600 $140,000 $57,600 2013 1,200,000 900,000 2,800,000 2,700,000 4,000,000 3,600,000 2014 200,000 216,000 280,000 108,000 120,000 252,000 1,040,000 864,000 2,360,000 2,160,000 4,000,000 3,600,000 2014 1,200,000.0 140,000.0 104,000.0 438,400.0 657,600.0 2014 18.00% 80,000 $22.13The Murdock Corporation reported the following balance sheet data for 2018 and 2017: 2018 2017 Cash $ 98,465 $ 34,355 Available-for-sale debt securities (not cash equivalents) 25,000 104,000 Accounts receivable 99,000 85,350 Inventory 184,000 162,100 Prepaid insurance 3,210 3,900 Land, buildings, and equipment 1,288,000 1,144,000 Accumulated depreciation (629,000 ) (591,000 ) Total assets $ 1,068,675 $ 942,705 Accounts payable $ 93,440 $ 167,670 Salaries payable 27,600 34,000 Notes payable (current) 42,100 94,000 Bonds payable 219,000 0 Common stock 300,000 300,000 Retained earnings 386,535 347,035 Total liabilities and shareholders' equity $ 1,068,675 $ 942,705 Additional information for 2018: (1.) Sold available-for-sale debt securities costing $79,000 for $85,400. (2.)…
- Delta Designs, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Total Current Assets $32,250 $66,600 Property, Plant, and Equipment, Net 180,750 168,720 Other Assets 37,000 60,680 Total Assets $250,000 $296,000 Liabilities Total Current Liabilities $30,500 $45,880 Long-term Debt 80,750 204,536 Total Liabilities 111,250 250,416 Stockholders' Equity Total Stockholders' Equity 138,750 45,584 Total Liabilities and Stockholders' Equity $250,000 $296,000 Perform a vertical analysis of DeltaDelta Designs' balance sheet for each year. (Round the percent of total amounts to one decimal place, X.X%.) Delta Designs, Inc. Balance Sheet December 31, 2018 and 2017 2018 Percent of Total…The asset side of the 2017 balance sheet for the Corporation is below. The company reported total revenues of $37,728 million in 2017 and $37,047 million in 2016. in millions May 31, 2017 May 31, 2016 Current assets: Cash and cash equivalents $ 21,784 $ 20,152 Marketable securities 44,294 35,973 Trade receivables, net of allowances for doubtful accounts of $319 and $327 as of May 31, 2017 and May 31, 2016, respectively 5,300 5,385 Inventories 300 212 Prepaid expenses and other current assets 2,837 2,591 Total current assets 74,515 64,313 Non-current assets: Property, plant and equipment, net 5,315 4,000 Intangible assets, net 7,679 4,943 Goodwill, net 43,045 34,590 Deferred tax assets 1,143 1,291 Other assets 3,294 3,043 Total non-current assets 60,476 47,867 Total assets $134,991 $112,180 How do I figure what the company’s gross amount…HCB, Inc.'s financial partial statements are shown below. HCB Income Statement 2021 Sales 2,000.0 Assets 2021 Cash 86.0 Accounts receivable 360.0 Inventory 320.0 Short-term investments 223.0 Total current assets 989.0 Net fixed assets 1,940.0 Total assets 2,929.0 Liabilities and equity 2021 Accounts payable 200.0 Accruals 240.0 Short-term debt 292.9 Total current liabilities 732.9 Long-term debt 1,757.4 Total liabilities 2,490.3 Par + paid in capital less treasury 238.7 Retained earnings 200.0…
- Balance sheet data for X Corporation and Z Company on December 31, 2015 are given below: Cash Accounts receivable PPE Investment in Garnet Total assets Current liabilities Long term liabilities Ordinary share Retained earnings Total liabilities and stockholders' equity X Corp. Z. Co. 70,000 90,000 100,000 60,000 500,000 250,000 260,000 930,000 400,000 180,000 60,000 200,000 90,000 300,000 100,000 250,000 150,000 930,000 400,000 X Corporation purchased 80% interest in Z Company on December 31, 2015 for P260,000. Z Company's property and equipment had a fair value of P50,000 more than the book value shown above. All other book values approximated fair value. Fair value method was elected to be used in measuring the non-controlling interest. Fair value of non- controlling interest on acquisition date was P58,000. In the consolidated balance sheet on December 31, 2015: a. The amount of total stockholders' equity to be reported will be? b. The amount of non-controlling interest will be?has the following balance sheet (December 31, 2023). The figures are in $ million. Cash Short-term investments Accounts receivable Inventory Current assets Gross fixed assets Accumulated deprec. Net fixed assets $40 30 30 70 170 250 50 200 Total assets Accounts payable Accruals Notes payable $370 Current liabilities Long-term debt Common stock (par value=$1) Retained earnings Total common equity Total liab. & equity Note that only 50% of "cash" (shown in the balance sheet above) is used in operation. $30 50 10 90 70 30 180 210 Use the above information to answer questions 8 8. What is its total operating capital for 2023? $240 m $370Use the common-size financial statements found here: ommon-Size Balance Sheet 2016Cash and marketable securities $ 480 1.5 %Accounts receivable 6,030 18.2Inventory 9,540 28.8Total current assets $ 16,050 48.5 %Net property, plant, and equipment 17,020 51.5Total assets $33,070 100.0 %Accounts payable $ 7,150 21.6 %Short-term notes 6,850 20.7Total current liabilities $ 14,000 42.3 %Long-term liabilities 7,010 21.2Total liabilities $ 21,010 63.5 %Total common shareholders’ equity 12,060 36.5Total liabilities and shareholders’ equity $33,070 100.0 %Common-Size Income Statement 2016Revenues $ 30,000 100.0 %Cost of goods sold (20,050) 66.8Gross profit $ 9,950 33.2 %Operating expenses (7,960) 26.5Net operating income $ 1,990 6.6 %Interest expense (940) 3.1Earnings before taxes $ 1,050 3.5 %Income taxes (382) 1.3Net income $668 2.2 % Specifically, write up a brief narrative that responds to the following questions: a. How much cash does Patterson have on hand relative to its total…
