ENOWV2 | Online teaching and le...RMy Explore | HoneyA Honey for Safari on the MacPrint temUse the following information from Berlin Company's financial statements.Dec. 31, 2018 Dec. 31, 2017AssetsCash$31,000$24,000Accounts Receivable10,50012,000Prepaid Assets1,2001,000Total Assets$42,700$37,000Liabilities and EquityAccrued Liabilities1,7001,800Common Stock34,00033,000Retained Earnings7,0002,200Total Llabilities and Equity$42,700$37,000Additional Information:Net Income$6,000Dividends Pald1,200Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.Berlin CompanyStatement of Cash Flows (Indirect Method)For the Year Ended December 31, 2018Cash Flow from Operating Activities:Adjustments to Reconcile Net Income toNet Cash Flow from Operating Activities:dropdownNet Cash Flow from Operating ActivitiesNextCheck My WorkSave and ExitSubmit Assignment for GradingMacBook Pro

Statement of cash flows is the statement which shows all cash inflows and outflows of the business…

Use the following information from Berlin Company's financial statements. Dec. 31, 2018 Dec. 31, 2017 Assets Cash $31,000 $24,000 Accounts Receivable 10,500 12,000 Prepaid Assets 1,200 1,000 Total Assets $42,700 $37,000 Liabilities and Equity Accrued Liabilities 1,700 1,800 Common Stock 34,000 33,000 Retained Earnings 7,000 2,200 Total Llabilities and Equity $42,700 $37,000 Additional Information: Net Income $6,000 Dividends Paid 1,200 Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Berlin Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: dropdown Net Cash Flow from Operating Activities

Use the following information from Berlin Company's financial statements. Dec. 31, 2018 Dec. 31, 2017 Assets Cash $31,000 $24,000 Accounts Receivable 10,500 12,000 Prepaid Assets 1,200 1,000 Total Assets $42,700 $37,000 Liabilities and Equity Accrued Liabilities 1,700 1,800 Common Stock 34,000 33,000 Retained Earnings 7,000 2,200 Total Llabilities and Equity $42,700 $37,000 Additional Information: Net Income $6,000 Dividends Paid 1,200 Prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments. Berlin Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash Flow from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Flow from Operating Activities: dropdown Net Cash Flow from Operating Activities

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $365,700 in 2023 and $335,800 in 2022 Equity and Liabilities share capital-connen (137, 700 shares issued) Retained earnings (ote 1) Accrued liabilities sotes payable (current) Accounts payable Total egrity and liabilities Return on equity Note 1 Cash dividends were paid at the rate of $1 per share in 2022 and 52 per shore in 2023 Required: 1. Calculate the return on common there equity for 2022 and 2023. (Assurne total equity was $1,454,000 at December 31, 2021) (Round your answers to 1 decimal piace) 2022 23.4 $1,417,500 $1,417,500 417,700 10,300 22,700 59,500 2023 225 111,300 6,500 65,500 179,000 $1,937,700 $1,979,200 2. Calculate the book value per shares for 2022 and 2023 (Round your answers to 2 decimal places) 2022 XX S1254 S 13.31
From the following Balance sheets as on 31st March 2018 and 31st March 2019 of M/S. Asha Pvt. Ltd. Balance Sheet Liabilities 2018 Rs. 2019 Rs. Assets 2018 Rs. 2019 Rs. Share Capital 4,00,000 5,00,000 Fixed Assets 5,40,000 6,72,000 General Reserve 20,000 40,000 Investments 1,30,000 90,000 Profit & Loss A/c 50,000 60,000 Stock 90,000 85,000 12% Debentures 1,00,000 1,50,000 Debtors 25,000 45,000 Creditors 1,35,000 45,000 Bills Receivable - 35,000 Proposed Dividend 40,000 50,000 Cash 10,000 5,000 Provision for Tax 60,000 80,000 Bank 8,000 - Bank Overdraft - 10,000 Misc. Expenditure 2,000 3,000 8,05,000 9,35,000 8,05,000 9,35,000 Prepare Common Size Financial Statements in vertical form with comments?
Calculate the Debt to Equity ratio for Urban Outfitters for both 2018 and 2019. Be sure to round your answer to 2 decimal place.
Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Cash Accounts receivable Inventory Net fixed assets 21,900 24,300 Common stock $ 850 $ 1,210 126 Accounts payable 1,370 Short-term notes payable $ 1,080 $ 970 500 0 4,350 4,610 Long-term debt 11,900 13,500 6,000 6,200 Retained earnings Total assets $28,310 $30,406 Total liabilities and owners' equity 8,830 $28,310 $30,406 9,736 2016 Income Statement Sales Cost of goods sold Depreciation Interest Taxes Net income $30,710 18,470 6,132 744 1,824 $ 3,540 What are the values of the three components of the DuPont identity? Use ending balance sheet values. Multiple Choice
Consider the following abbreviated financial statements for Raines Corp: Current Assets Net fixed assets Raines Corp 2018 and 2019 Partial Balance Sheet Assets 2018 $4,810 2019 $5,930 13,650 16,800 -$3,848.8 -$1,165.8 $381.2 $4,562.8 Liabilities and Owners' Equity 2018 2019 $2,900 $3,150 Current liabilities Common Stock 8,310 8,700 Raines Corp 2019 Income Statement Sales Costs Depreciation Interest paid $25,800 16,050 4,050 The tax rate for 2019 was 34%. Dividends paid during 2019 were $1,300. What is the cash flow from assets for 2019? 1,880
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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?
The following information was extracted from the Coach Trading as at 31 December 2022. Coach Trading Statement of Financial Position as at 31 December 2022 RM Non-Current Assets 572,000 Current Assets Closing inventory 189,000 Account receivable 177,700 Cash in bank 98,300 Prepaid expense 5,000 470,000 1,042,000 Owner’s Equity Capital 500,000 Add: Net profit 344,100 844,100 Current Liabilities Account payable 189,900 Accrued expense 8,000 197,900 1,042,000 Additional information: - 1. Net sales and cost of goods sales for the year ended 31 December 2022 were RM988,900 and RM400,000 respectively. 2. The amount of inventories as at 1 January 2022 was RM210,000. Based on the information given above, compute and comment the following ratios: a) Current Asset Ratio b) Inventory Turnover Ratio c) Account Receivables Collection Period d) Net Profit Margin Do not give answer in image
Given the information below, determine the free cash flow for 2014. Income Statement (In Thousands) Sales Operating costs EBITDA Depreciation Earnings before interest and taxes Interest (8%) Earnings before taxes Taxes (40%) Net income Common dividends 2014 2013 $24,800.00 $22,000.00 $14,880.00 $13,200.00 $9,920.00 $8,800.00 -$920.00 $800.00 $9,000.00 $8,000.00 -$112.00 -$160.00 $8,888.00 $7,840.00 -$3,555.20 -$3,136.00 $5,332.80 $4,704.00 $2,082.00 $2,352.00
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