provide answer with calculation Use the beginning and ending balance sheets and an income statements youcalculate the following for the year 2012:Net cash farmincome$164,333Gross cash farm incomeBeginning assetvalue$1,233,550 Ending asset valueBeginning equity $846,225Ending equityInterest expense $30,000Inventory change $0Capital asset change$15,000 unpaid labor & $15,000unpaid managementThe rate of return on assets for 2012 was?A. 13%B. 10%C. 18%D. 6%$744,333$1,298,000$868,000$-87,280

To calculate the Rate of Return on Assets (ROA) for the year 2012, we need to follow a systematic…

Answered: Use the beginning and ending balance…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 14M

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Using the following information, calculate the operating profit margin ratio for the Sleepy Z Ranch in 2021: Net Farm Income 2021: $100,000 Interest Expense: $20,000 Living Cost: $50,000 Other Income: $10,000 Gain (loss) on sale of Capital Items: $0 Value of Farm Production: $800,000 10% 9% 5% 4%
The total dollar amount of assets to be classified as investment is ?
Prepare CORIS RA Statement of Cash Flow for the year ended December 31, 2020 Prepare CORIS RA Statement of Financial Performance for the year ended December 31, 2020
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Sub. General accounting
Based on the following data, what is the amount of working capital? Accounts payable $55040 Accounts receivable 98040 Cash 60200 Intangible assets 86000 Inventory 118680 Long-term investments 137600 Long-term liabilities 172000 Short-term investments 68800 Notes payable (short-term) 48160 Property, plant, and equipment 1152400 1720 Prepaid insurance $280360 $318200 $244240 $285520
A. Prepare CORIS RA Statement of Cash Flow for the year ended December 31, 2020
Kindly help me with accounting questions
A. Prepare CORIS RA Statement of Cash Flow for the year ended December 31, 2020 B. Prepare CORIS RA Statement of Financial Performance for the year ended December 31, 2020
Use the following data to determine the total dollar amount of assets to be classified as long-term investments. Ace Supply Company Balance Sheet December 31, 2025 Cash Accounts receivable Inventory Short-term investments Land (held for future use) Land Buildings Less: Accumulated depreciation (60,000) Franchise Total assets O $255,000 O $0 $339,000 O $465,000 O $585.000 $ 126,000 120,000 210,000 90.000 255.000 285,000 210.000 $1.575.000 Accounts payable Salaries and wages payable Note payable (due 2028) Total liabilities Common stock Retained: earnings Total stockholders' equity Total liabilities and stockholders' equity 279,000 $ 165,000 30,000 270.000 465,000 360,000 750,000 1.110.000 $1.575.000
Given the following, calculate total current assets. Prepaid insurance=$300Long-term investments=$1,200Cash=$540Prepaid Rent=$2,050Inventory=$640Plant assets, at cost=$16,800Accounts receivable=$5,900Accumulated depreciation=$6,600
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