You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $400,000, accounts receivable = $1,200,000, inventory = $2,100,000, accrued wages and taxes = $500,000, accounts payable $800,000, and notes payable $600,000. Calculate Goodman Bees' net working capital. (Enter your answer In dollars not In mllllons. Round your answer to the nearest dollar amount.) Net working capital

You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $400,000, accounts receivable = $1,200,000, inventory = $2,100,000, accrued wages and taxes = $500,000, accounts payable $800,000, and notes payable $600,000. Calculate Goodman Bees' net working capital. (Enter your answer In dollars not In mllllons. Round your answer to the nearest dollar amount.) Net working capital

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Umberg Company started the year with $119,200 cash and reported net cash provided by operating activities of $240,000, cash paid for dividends of $49,600, cash received from stock issuance of $46,000, cash paid for equipment purchases of $158,000, cash paid for intangible assets of $124,000, and cash paid on bank loan of $43,000. Required: Calculate the following: Net cash provided by (used in) investing activities. Net cash provided by (used in) financing activities. Ending cash. Free cash flow.
Valero Energy's balance sheet showed total current assets of $3,000, all of which were required in operations (i.e., no excess cash). Its current liabilities consisted of $935 of accounts payable, $600 of 6% short-term notes payable to the bank, and $250 of accrued wages and taxes. What was its net operating working capital (NOWC)? Your answer should be between 1672 and 2027, rounded to even dollars (although decimal places are okay), with no special characters. 1.215
Now suppose the following balance sheet shows BHZ Bank's position prior to its transaction with the Fed. BHZ BANK (All values in millions of dollars) Assets Reserves Deposits and other liabilities Bonds and other investments Shareholders' equity Total Assets 1,100 Liabilities+ Shareholders' equity 1,100 After its transaction with the Fed is completed, show how BHZ Bank's balance sheet will look. (You must enter six integer values, one for each balance sheet item.) BHZ BANK (All values in millions of dollars) Total Assets Assets Reserves Bonds and other investments Enter any number in the edit fields and then click Check Answer. 200 900 Liabilities and Shareholders' Equity 400 500 900 Liabilities and Shareholders' Equity Deposits and other liabilities Shareholders' equity Liabilities + Shareholders' equity 800 300 800 300 1100
Question 1 All else held constant, which of the following would make the put option on the common stock more valuable? A lower exercise price Stock price drops Stock price volatility reduces
MechTech Incorporated started the year with $120,400 cash and reported net cash provided by operating activities of $242,500, cash paid for dividends of $50,200, cash received from stock issuance of $47,000, cash paid for equipment purchases of $158,500, cash paid for intangible assets of $125,500, and cash paid on bank loan of $43,500. Required: Calculate the following: 1. Net cash provided by (used in) investing activities. 2. Net cash provided by (used in) financing activities. 3. Ending cash. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate net cash provided by (used in) investing activities. (Amounts to be deducted should be indicated with a minus sign.) Investing Activities Cash paid for equipment purchases Net cash provided by (used in) investing activities + $ Amount (158,500) (158,500)
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You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $800,000, accounts receivable = $1,600,000, inventory = $2,100,000, accrued wages and taxes = $570,000, accounts payable = $870,000, and notes payable = $670,000. Calculate Goodman Bees' net working capital. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.) Net working capital
Give me three steps solution and explanation
The balance sheets of Xenon Company reports total assets of $888,000 and $949,000 at the beginning and end of the year, respectively. Sales revenues are $1.8 million, net income is $194,000, and net cash flows from operating activities are $162,000. Required: Calculate the cash return on assets, cash flow to sales, and asset turnover. (Do not round intermediate calculations. Round your final answers to 1 decimal place.) Cash return on assets Cash flow to sales Asset turnover % % times
You are evaluating the balance sheet for Goodman Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $360,000, accounts receivable = $2,200,000, inventory = $1,900,000, accrued wages and taxes $690,000, accounts payable $990,000, and notes payable $790,000. Calculate Goodman Bees' net working capital. Note: Enter your answer in dollars not in millions. Net working capital
Hought Office Machines, Inc.'s accountants assembled the following selected data for the year ended December 31, 2018: E (Click the icon to view the current accounts.) E (Click the icon to view the transaction data.) Requirement 1. Prepare Hought Office Machines, Inc.'s statement of cash flows using the indirect method to report operating activities. List noncash investing and financing activities on an accompanying schedule. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.) Hought Office Machines, Inc. Data Table Statement of Cash Flows Year Ended December 31, 2018 Cash flows from operating activities: Transaction Data for 2018: Net income Net income..... $ 60,000 Adjustments to reconcile net income to net cash Purchase of treasury stock. 14,300 provided by (used for) operating activities: Issuance of common stock for cash. 36,600 Loss on sale of equipment. 6,000…
Consider the following balance sheet and income statement for Mmm Good Foods Incorporated (the company that operates Tasty Fried Chicken and Pizza Party), in condensed form, including some information from the cash flow statement: (amounts are in millions) Balance Sheet Cash and short-term Investments Accounts receivable Inventory Other current assets Long-lived assets Total assets Current liabilities Total liabilities Noncontrolling interest Shareholders equity Total liabilities and equity Income Statement. Sales Cost of sales Gross margin Earnings before interest and taxes Interest Taxes Income from discontinued operations Net income. Share price Earnings per share. Number of outstanding shares (millions) Cash Flows Cash flow from operations Capital expenditures Dividends Mmm Good Foods Incorporated 2019 $ 716 382 48 432 4,068 $5,646 $1,429 11,158 (5,512) $5,646 $ 6,486 3,558 $ 2,928 $1,637 319 336 613 $1,595 $75 5.31 356.2 $1,216 416 754

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