Can you please answer question 5-8. Thank you please
show your work.
Using the following information...
Can you please answer question 5-8. Thank you please
show your work.
Using the following information find the ratios listed:
Hamilton Company
Comparative Balance Sheets
December 31, 2018 and December 31, 2019
Assets
2018
2019
Difference
Cash
15,000
47,000
32,000
Accounts Receivable
55,000
47,000
(8,000)
Inventory
110,000
144,000
34,000
Prepaid Expenses
5,000
1,000
(4,000)
Long term investments
127,000
115,000
(12,000)
Land
55,000
55,000...
Using the following information find the ratios listed:
Hamilton Company
Comparative Balance Sheets
December 31, 2014...
Using the following information find the ratios listed:
Hamilton Company
Comparative Balance Sheets
December 31, 2014 and December 31, 2015
Assets
2014
2015
Difference
Cash
15,000
47,000
32,000
Accounts Receivable
55,000
47,000
(8,000)
Inventory
110,000
144,000
34,000
Prepaid Expenses
5,000
1,000
(4,000)
Long term investments
127,000
115,000
(12,000)
Land
55,000
55,000
-
Building
450,000
660,000
210,000
Accumulated Depr -...
SHOW YOUR WORK FOR CALCULATION PROBLEMS
Given the following information, calculate: (a) current ratio,
(b) quick/acid-test...
SHOW YOUR WORK FOR CALCULATION PROBLEMS
Given the following information, calculate: (a) current ratio,
(b) quick/acid-test ratio, (c) Total debt or leverage ratio, (d)
Return on Assets, (e) Net Margin, (f) Return on Equity, (g) Asset
Turnover, (h) Earnings Retention Ratio
SUMMARY BALANCE SHEET
ASSETS LIABILITIES
& SH EQUITY
Cash & Equivalents $2,000 Accounts
Payable $6,000
Accounts Receivable 7,000 Notes
Payable 4,000
Inventory 5,000 Current
Liabilities $10,000
Current Assets $14,000
Prepaid Expense
$2,000 Long-term
Debt $9,000
P, P & E
(net) $20,000 SH
Equity $17,000
Total
Assets $36,000 Total
Liab & SH Eq...
Given the following Financial Information Answer the following
question:
2017
2018
Cash
7,000
218,462
Accounts Receivable...
Given the following Financial Information Answer the following
question:
2017
2018
Cash
7,000
218,462
Accounts Receivable
8,000
8,800
Inventory
4,000
4,400
Prepaid Assets
3,000
3,300
Other Assets
1,000
1,100
Total Current Assets
23,000
236,062
Net PPE
80,000
14,000
Intangibles
4,000
4,000
Total Assets
107,000
254,062
Accounts Payable
8,000
8,800
Salary Payable
1,000
1,100
Notes Payable
3,000
3,000
Total Current Liabilities
12,000
12,900
Long-Term Debt
50,000
50,000
Total Liabilities
62,000
62,900
Common Stock
70,000
70,000
Retained Earnings
-25,000
121,162
total equity...
Please refer to the following information to answer all of question
1:
Income statement (millions of...
Please refer to the following information to answer all of question
1:
Income statement (millions of dollars)
Net
sales
$
137,579
COGS
$
102,180
Other
Expenses
$
17,171
Depreciation
$
8,514
EBIT
$ 9,714
Interest
Expense
$ 255
Income
Before Tax
$ 9,459
Tax
Expense (35%)
$ 3,311
Net
income
$
6,148
Dividends
$ 2,500
Balance sheet (millions of dollars)
Cash
$
700
Accounts
Receivable
$
12,000
Inventories
$
7,500
Other
Assets
$
5,000
Property, Plant and Equipment, net
$110,000...
Income statement and balance sheet data for The Sports Shack are
provided below.
The Sports Shack...
Income statement and balance sheet data for The Sports Shack are
provided below.
The Sports Shack
Income Statements
For the years ended December 31
2019
2018
Sales revenue
$8,200,000
$6,600,000
Cost of goods sold
6,100,000
4,700,000
Gross profit
2,100,000
1,900,000
Expenses:
Operating
expenses
1,450,000
1,400,000
Depreciation
expense
90,000
100,000
Interest
expense
25,000
50,000
Income
tax expense
95,000
80,000
Total
expenses
1,660,000
1,630,000
Net income
$440,000
$270,000
The Sports Shack
Balance Sheets
December 31
Assets
2019
2018
2017
Current assets:
Cash...
The balance sheet and income statement for the A. Thiel Mfg.
Company are as follows:
Balance...
The balance sheet and income statement for the A. Thiel Mfg.
Company are as follows:
Balance Sheet ($000)
Cash
$ 500
Accounts receivable
2,000
Inventories
1,000
Current assets
$3,500
Net fixed assets
4,500
Total assets
$8,000
Accounts payable
$1,100
Accrued expenses
600
Short-term notes payable
300
Current liabilities
$2,000
Long-term debt
2,000
Owners’ equity
4,000
Total liabilities and owners’ equity
$8,000
Income Statement ($000)
Sales (all credit)
$8,000
Cost of goods sold
(3,300)
Gross profit
$4,700
Operating expenses (includes $500...
Use the following selected financial information for Wilcox
Corporation to answer questions 3-13. Show your calculations....
Use the following selected financial information for Wilcox
Corporation to answer questions 3-13. Show your calculations.
Wilcox Corporation
Income Statement
For the Year Ended December 31, 2015
Net
sales
$2,870
Cost of goods
sold
1,985
Gross
profit
$ 885
Operating
expenses
620
Operating
profit
$ 265
Interest
expense
40
Earnings before
taxes
$ 225
Income tax
expense
80
Net
profit
$ 145
Wilcox Corporation
Balance Sheet
December 31, 2015
Assets
Liabilities and stockholders' equity...
Required information
Problem 12-6B Use ratios to analyze risk and profitability
(LO12-3, 12-4)
[The following information...
Required information
Problem 12-6B Use ratios to analyze risk and profitability
(LO12-3, 12-4)
[The following information applies to the questions
displayed below.]
Income statement and balance sheet data for The Athletic Attic are
provided below.
THE ATHLETIC ATTIC
Income Statements
For the years ended December 31
2022
2021
Net sales
$
12,080,000
$
10,600,000
Cost of goods sold
7,880,000
6,600,000
Gross profit
4,200,000
4,000,000
Expenses:
Operating expenses
1,720,000
1,670,000
Depreciation expense
200,000
200,000
Interest expense
52,000
52,000
Income tax expense...
The financial statements of Elcamino Company appear below:
ELCAMINO COMPANY
Comparative Balance Sheet
December 31,
________________________________________________________...
The financial statements of Elcamino Company appear below:
ELCAMINO COMPANY
Comparative Balance Sheet
December 31,
________________________________________________________
Assets
2017 2016
Cash
..................................................................................................
$
25,000................................................................................................
$ 40,000
Debt investments
..............................................................................
20,000 60,000
Accounts receivable (net)
.................................................................
50,000 30,000
Inventory
...........................................................................................
140,000 170,000
Property, plant and equipment (net)
.................................................
170,000..............................................................................................
200,000
Total assets
................................................................................
$405,000 $500,000
Liabilities and stockholders' equity
Accounts payable
.............................................................................
$
25,000................................................................................................
$ 30,000
Short-term notes payable
.................................................................
40,000...