HYDRO COMPANY
Balance Sheet
December 31, 2015
Cash
$40,000
Current liabilities
$80,000
Accounts receivable (net)
80,000...
HYDRO COMPANY
Balance Sheet
December 31, 2015
Cash
$40,000
Current liabilities
$80,000
Accounts receivable (net)
80,000
10% Bonds payable
120,000
Inventory
130,000
Common Stock
200,000
Plant and equipment (net)
250,000
Retained earnings
100,000
Total assets
$500,000
Total Liabilities and Stockholders' Equity
$500,000
Sales revenues for 2015 were $800,000, gross profit was $320,000,
and net income was $36,000. The income tax rate was 40 percent. One
year ago, accounts receivable (net) were $76,000, inventory was
$110,000, total assets were $460,000, and...
For the FY 2018, Dorchester Company's balance sheet
included the following current items: cash $51,000, accounts...
For the FY 2018, Dorchester Company's balance sheet
included the following current items: cash $51,000, accounts
receivable $100,000, inventories $114,000, prepaid expenses
$21,000, accounts payable $60,000, and accrued expenses
$60,000. Use this information to determine the Current
Ratio. (Round & enter your answers to one decimal
place.)
For the FY 2018, Dorchester Company's balance sheet included the
following current items: cash $49,000, accounts...
For the FY 2018, Dorchester Company's balance sheet included the
following current items: cash $49,000, accounts receivable
$100,000, inventories $109,000, prepaid expenses $18,000, accounts
payable $60,000, and accrued expenses $52,000. Use this information
to determine the Current Ratio. (Round & enter your answers to
one decimal place.)
For the FY 2018, Dorchester Company's balance sheet included the
following current items: cash $33,000, accounts...
For the FY 2018, Dorchester Company's balance sheet included the
following current items: cash $33,000, accounts receivable
$138,000, inventories $92,000, prepaid expenses $23,000, accounts
payable $78,000, and accrued expenses $50,000. Use this information
to determine the Current Ratio. (Round & enter your answers to
one decimal place.)
For the FY 2018, Dorchester Company's balance sheet
included the following current items: cash $33,000, accounts...
For the FY 2018, Dorchester Company's balance sheet
included the following current items: cash $33,000, accounts
receivable $110,000, inventories $84,000, prepaid expenses $15,000,
accounts payable $61,000, and accrued expenses
$59,000. Use this information to determine the Current
Ratio. (Round & enter your answers to one decimal
place.)
Amram Company's current ratio is 1.9. Considered alone, which of
the following actions would reduce the...
Amram Company's current ratio is 1.9. Considered alone, which of
the following actions would reduce the company's current ratio?
a.
Use cash to reduce accounts payable.
b.
Borrow using short-term notes payable and use the proceeds to
reduce accruals.
c.
Borrow using short-term notes payable and use the proceeds to
reduce long-term debt.
d.
Use cash to reduce accruals.
e.
Use cash to reduce short-term notes payable.