Whistler Electronics has the following financial data: Current Assets: $120 million Property, Plant, and Equipment: $180 million Other Assets: $50 million Current Liabilities: $130 million Long-term Liabilities: $120 million Use these data to write Whistler Electronics accounting equation.
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- The following data (dollar amounts in millions) are taken from the financial statements of Tier Industries, Inc (Click the icon to view the data) Requirement 1. Complete the following condensed balance sheet Report amounts to the nearest million dollars Current assets Property, plant, and equipment Less: Accumulated depreciation Total assets i Current abilities Long-term liabilities Stockholders' equity Totai lablities and stockholders' equity nori Get more hein. (In millions) CIC Data table Total liabilities Total current assets Accumulated depreciation Debt ratio Current ratio Print M $ 12.200 5 12,800 5 2,000 20% 1,60 Done X Clear allSuppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). Current assets 3M Company Balance Sheets (partial) Cash and cash equivalents Accounts receivable, net Inventories Other current assets Total current assets Current liabilities Screenshot Current ratio Working capital 2022 $ $3,180 3,600 2,738 1,932 $11,450 $4,830 2021 $1,836 3,180 3,019 1,590 Suppose that at the end of 2022, 3M management used $183 million cash to pay off $183 million of accounts payable. How would its current ratio and working capital have changed? (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital answer to million.) $9,625 $5,887 :1 million DoneAngela Corporation has the following selected assets and liabilities: Given the said data, determine the company’s net working capital. (check the photo) Choose the letter of correct answer a. P35,000.00b. P39,000.00c. P33,000.00d. P72,000.00e. P52,000.00
- Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $31,229 Accounts receivable 69,846 Accrued liabilities 6,621 Cash 24,043 Intangible assets 41,585 Inventory 80,918 Long-term investments 113,099 Long-term liabilities 70,392 Marketable securities 36,458 Notes payable (short-term) 29,239 Property, plant, and equipment 682,295 Prepaid expenses 1,350 Based on the data for Harding Company, what is the amount of working capital? a.$145,526 b.$680,945 c.$1,049,594 d.$212,615Please given answer AccountingHope industries has ....accounting question
- Based on the following data, what is the amount of quick assets? Accounts payable $30,200 Accounts receivable 45,200 Accrued liabilities 7,100 Cash 20,200 Intangible assets 40,100 Merchandise inventory 72,100 Long-term investments 101,000 Long-term liabilities 75,300 Marketable securities 36,100 Notes payable (short-term) 20,100 Property, plant, and equipment 627,000 Prepaid expenses 2,300 a.$65,400 b.$173,600 c.$101,500 d.$175,900Scare Train, Inc. has the following balance sheet statement items: current liabilities of $779,470; net fixed and other assets of $1,329,896; total assets of $3,237,746; and long-term debt of $621,991. What is the amount of the firm's net working capital?Southern Style Realty has total assets of $485,390, net fixed assets of $250,000, current liabilities of $23,456, and long-term liabilities of $148,000. What is the total debt ratio? Can you provide the formula?
- (Pro forma balance sheet construction) Use the following industry-average ratios to construct a pro forma balance sheet for Karen's Beauty Products, Inc.: Fill in the assets section of the pro forma balance sheet. (Round all items to the nearest dollar.) Cash Accounts receivable Inventories Net fixed assets Total assets Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Total asset turnover 1.5 times Average collection period (assume 365-day year) 14 days Fixed asset turnover 6 times Inventory turnover (based on cost of goods sold) Current ratio 4 times Sales (all on credit) Cost of goods sold Debt ratio 1.9 times $5,000,000 80% of sales 50% -Use the information below for Harding Company to answer the questions that follow. Harding Company Accounts payable $ 40,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 30,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 30,000 Property, plant, and equipment 625,000 5. Based on the data for Harding Company, what is the amount of quick assets? a. $205,000 b. $203,000 c. $131,000 d. $66,000 ANSWER: 6. Based on the data for Harding Company, what is the amount of working capital?…You are examining a company's balance sheet and find that it has total assets of $30,791, a cash balance of $2,289, inventory of $5,009, current liabilities of $6,021 and accounts receivable of $2,805. What is the company's net working capital?