Use the following information as of December 31 to determine equity:Cash = $66,000Buildings 184,000=Equipment = 215,000Liablities 150,000=

Explanation: In the given case, we are required to calculate the balance of equity using the…

Answered: Use the following information as of…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 4SEQ: If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity...

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Answer. General Account.
Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $670,000, Accounts receivable = $870,000, Inventory = $570,000, Accrued wages and taxes = $111,000, Accounts payable = $207,000, and Notes payable = $1,070,000. What is Cypress's net working capital? Multiple Choice $1,388,000 O $2,110,000 $722,000 O $3,498,000
Consider the following company’s balance sheet and income statement Return on assets. Return on equity.
Suppose McDonald's 2025 financial statements contain the following selected data (in millions). Current assets $3,461.5 Interest expense $480.0 Total assets 30,250.0 Income taxes 1,942.0 Current liabilities 3,010.0 Net income 4,538.0 Total liabilities 16,637.5 (a1) Compute the following values. a. Working capital. (Round to 1 decimal place in millions, e.g. 5,275.5.) $ 451.5 millions b. Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) 1.15 :1 C. Debt to assets ratio. (Round to O decimal places, e.g. 62%.) 55 % d. Times interest earned. (Round to 2 decimal places, e.g. 6.25.) 14.50 times
Suppose that you are given the following data for Niles Company : Note: The data and calculations are based on a 365-day year. Cash and equivalents Fixed assets Sales Net income Current liabilities Current ratio DSO ROE The current ratio is equal to assets value of Return on equity (ROE) is to approximately $225,000 $650,000 $2,500,000 $112,500 $240,000 2.5 18.25 12.00% The days sales outstanding (DSO) ratio is equal to accounts receivable balance of Plugging in the relevant values for the current ratio and current liabilities, and then solving yields a current . Adding fixed assets to current assets yields a value of total assets of Recall the following identity: Recall that Total Assets = Total Liabilities and Equity. Plugging in the relevant values for ROE and net income yields a value of total common equity of Mathematically, total liabilities and equity is equal to ▼. Plugging in the relevant values for total liabilities and equity, current liabilities, and equity (calculated…
Financial Accounting
Use the following information to complete the balance sheet below. Sales are $8.4 million, capital intensity ratio is 2.00 times, debt ratio is 60 percent, and fixed asset turnover is 1.50 times. (Enter your answers in millions of dollars rounded to 2 decimal places.) Assets Current assets Fixed assets Total assets Balance Sheet Liabilities and Equity Total liabilities Total equity Total liabilities and equity $ $ million million 0.00 million million million 0.00 million
If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity is: A. $32,000. B. $(32,000). C. $(8000). D. $8,000.
Given the following information, what is the ratio of liabilities to stockholders' equity? Fixed assets (net) at year-end $400,000 Average fixed assets 450,000 Total assets 500,000 Long-term liabilities 300,000 Total liabilities 350,000 Total stockholders' equity 250,000 Total liabilities and stockholders' equity 500,000 Interest expense 5,000 Income before income tax 150,000 Net income 100,000 O a. 0.7 O b. 1.2 O c. 1.4 O d. 0.6
At the end of the year 2020, the common equity was 490,000, and the dividends paid in the year 2021 was $11,000. What is the free cash flow to equity for the year 2021? Assets Cash and Cash Equivalents Short-term Investments Inventory Accounts Receivables Total Current Assets Fixed Assets Total Assets 128,000 -106,000 106,000 -128,000 2021 63,000 3,000 21,000 20,000 107,000 650,000 757,000 Liabilities. Current Liabilities Long-term Liabilities Total Liabilities Total Common Equity 2021 40,000 120,000 150,000 607,000
Zumbahlen Inc. has the following balance sheet information. How much total operating capital does the firm have? Cash $30.00 Accounts payable $40.00 Short-term investments 60 Accruals 64 Accounts receivable 25 Notes payable 45 Inventory 91 Gross fixed assets $200.00 Accumulated deprec. 50 Round your answer to the nearest whole number.
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 $370

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Use the following information as of December 31 to determine equity: Cash = $66,000 Buildings 184,000 = Equipment = 215,000 Liablities 150,000 =