Use the information of Maputo Traders for the year ended 31 December 2023 provided below. Item R Vehicles 750,000 Inventory 250,000 Bank (overdraft) 60,000 Debtors control 500,000 Creditors control 450,000 Equipment 350,000 What is the amount of current liabilities?
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- What is the amount of current liabilities??Hi! I am trying to do an acid-test ratio and a debt-to-equity ratio for the attached balance sheet. Can you help me? ** Values are in KEUR (kilo Euros)S Find online the annual 10 - K report for Costco Wholesale Corporation (COST) for September 28, 2023 f. Did the company have any contingent liabilities at the balance sheet date? Discuss the specific nature of these contingencies and how (or whether) they are expected to affect the firm's financial health h ASSEN s Ope TOTAL ASSETS CURRENT LIABILITIES LABILITIES AND EQUITY A Der Cap OTT L se org TOTAL LIATES COMMITMENTS AND CONTINGENCIES COUNTY 10 suhted this Consescanda Talk sil TOTAL LIABUTES AND EQUITY 2/12 3/18 2241 17667 Sa 24741 2/14 4 04.15 17482 s 52.545 2321 7301 топ 2337 2174 1.589 22 5611 TRE 3377 242 2482 2555 2.558 BUX 4351 = - 2 7.340 084 138931 21842 25194 21547 94111
- PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash Accounts receivable Inventory Investments $242,000 98,000 105,000 5,000 $ 130,000 102,000 90,000 3,000 Long-term assets: Land Equipment Less: Accumulated depreciation 580,000 890,000 (528,000) $1,392,000 580,000 770,000 (368,000) $1,307,000 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payab le Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings $ 109,000 7,000 9,000 95,000 13,000 6,000 2$ 110,000 220,000 800,000 357,000 $1,392,000 $1,307,000 800,000 173,000 Total liabilities and stockholders' equity Additional information for 2021: 1. Net income is $184,000. 2. Sales on account are $1,890,000. 3. Cost of goods sold is $1,394,250.How did they get 12 million from this question? ExplainIncome statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales Cost of goods sold Gross profit Expenses: VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable 2025 $3,520,000 2,482,000 1,038,000 957,000 32,000 0 19,000 8,200 1,016, 200 21,800 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2024 $3,046,000 1,952,000 1,094,000 Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 860,000 28,000 8,200 16,000 49,000 961,200 132,800 2025 $204,000 78,000 128,000…
- Use the NeoZone Calculations Template and FNSACC414_NeoZone Bank Statement to calculate the amounts to be used in the financial reports for the quarter ended 30 June 2022.A credit analyst is evaluating the solvency of Alcatel-Lucent (Euronext Paris: ALU) asof the beginning of 2010. Th e following data are gathered from the company’s 2009annual report (in € millions):2009 2008Total equity 4,309 5,224Accrued pension 5,043 4,807Long-term debt 4,179 3,998Other long term liabilities* 1,267 1,595Current liabilities* 9,050 11,687Total equity + Liabilities (equals Total assets) 23,848 27,311*For purposes of this example, assume that these items are non-interest bearing, and that longterm debt equals total debt. In practice, an analyst could refer to Alcatel’s footnotes to confi rmdetails, rather than making an assumption.1 . A . Calculate the company’s fi nancial leverage ratio for 2009.B . Interpret the fi nancial leverage ratio calculated in Part A.2 . A . What are the company’s debt-to-assets, debt-to-capital, and debt-to-equity ratiosfor the two years?B . Is there any discernable trend over the two years?The financial statements of the company for the past two years are summarised below: Particulars 2020 2021 Assets: Cash Nil 2000 Trade debtors 55000 40000 Stock -in-trade 55000 45000 Fixed Assets (Net ) 137000 145000 247000 232000 Liabilities: Trade creditors 32000 25000 Provision for taxation 11000 9000 Bank Overdraft 12000 Nil Paid - Up capital 150000 150000 General reserve 30000 35000 P&L Appropriation A/c 12000 13000 247000 232000 Net income Statement 2020 2021 Sales 400000 375000 Less: COGS 245000 225000 Other expenses 130000 (375000) 132000 (357000) Net Profit 25000 18000 Opening stock on 1st January 2020 was Rs.60000 Calculate the following ratios for two years: -1) Current Ratio 2) Quick ratio 3) Stock Turnover ratio 4) Debtors' turnover ratio 5) Average collection period Assume 360 days in a year
- Determine Total Current Liabilities as of December 31, 2023: Select one: a. $27,300 b. $39,900 c. $144,900 d. $132,300 e. $247,350Need help filling in the blank area'sThe financial statements for Barrington Service Company include the following items: 2025 2024 $44,500 33,000 52,000 Cash Short-term Investments Net Accounts Receivable. Merchandise Inventory Total Assets Accounts Payable Salaries Payable Long-term Note Payable OA. 0.86 OB. 6.60 OC. 3.82 OD. 1.17 164,000 535,000 126,500 24,000 61,000 $44,000 20,000 56,000 49,000 554,000 128,000 17,000 50,000