Harding Company
Accounts payable
$40,000
Accounts receivable
65,000
Accrued liabilities
7,000
Cash
30,000
Intangible assets
40,000...
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
Prepaid expenses
2,000
What is the amount of working capital?
a.$238,000
b.$128,000
c.$203,000
d.$168,000
Balance sheet
December 31
Assets 2007 2006
Cash $25,000 $40,000
Short term investments 15,000 60,000
Accounts...
Balance sheet
December 31
Assets 2007 2006
Cash $25,000 $40,000
Short term investments 15,000 60,000
Accounts receivable 50,000 30,000
Inventory 50,000 70,000
Property, plant and equipment (net) 160,000 200,000
Total assets $300,000 $400,000
Liabilities and stockholders equity
Accounts payable $20,000 $30,000
Short term notes payable 40,000 90,000
Bonds payable 80,000 160,000
Common stock 60,000 45,000
Retained earnings 100,000 75,000
Total liabilities and stockholders equity $300,000 $400,000
Income statement (for the year ended December 31, 2007)
Net sales $360,000
Cost...
Balance sheet
December 31
Assets 2007 2006
Cash $25,000 $40,000
Short term investments 15,000 60,000
Accounts...
Balance sheet
December 31
Assets 2007 2006
Cash $25,000 $40,000
Short term investments 15,000 60,000
Accounts receivable 50,000 30,000
Inventory 50,000 70,000
Property, plant and equipment (net) 160,000 200,000
Total assets $300,000 $400,000
Liabilities and stockholders equity
Accounts payable $20,000 $30,000
Short term notes payable 40,000 90,000
Bonds payable 80,000 160,000
Common stock 60,000 45,000
Retained earnings 100,000 75,000
Total liabilities and stockholders equity $300,000 $400,000
Income statement (for the year ended December 31, 2007)
Net sales $360,000
Cost...
The balance sheet for Shaver Corporation reported the following:
cash, $12,500; short-term investments, $17,500; net accounts...
The balance sheet for Shaver Corporation reported the following:
cash, $12,500; short-term investments, $17,500; net accounts
receivable, $50,000; inventories, $55,000; prepaids, $17,500;
equipment, $103,000; current liabilities, $55,000; notes payable
(long-term), $85,000; total stockholders’ equity, $115,500; net
income, $4,820; interest expense, $7,400; income before income
taxes, $9,780. Compute Shaver’s debt-to-assets ratio and times
interest earned ratio.
Privett Company
Accounts payable
$35,172
Accounts receivable
61,830
Accrued liabilities
6,449
Cash
18,199
Intangible assets
36,789...
Privett Company
Accounts payable
$35,172
Accounts receivable
61,830
Accrued liabilities
6,449
Cash
18,199
Intangible assets
36,789
Inventory
85,546
Long-term investments
93,954
Long-term liabilities
72,236
Marketable securities
37,578
Notes payable (short-term)
20,447
Property, plant, and equipment
668,167
Prepaid expenses
1,246
Based on the data for Privett Company, what is the amount of
quick assets?
a.$1,608,400
b.$55,777
c.$809,490
d.$117,607
A company has the following balances at December 31, 2019:
Accounts payable
60,000
Accounts receivable
52,500...
A company has the following balances at December 31, 2019:
Accounts payable
60,000
Accounts receivable
52,500
Cash
80,000
Common stock
200,000
Equipment
96,000
Equity investments
76,300
Inventory
57,000
Long-term liabilities
100,000
Patents
32,000
Retained earnings
17,000
Salaries payable
15,000
Unearned revenue
1,500
Additional information:
The cash balance includes $20,000 cash restricted for future
plant expansion.
Allowance for doubtful accounts is $3,800.
Accumulated depreciation on equipment is $40,000.
The long-term liabilities balance includes $12,000 due in
2020.
Format guidance: Enter whole...
14.
Use the information below for Privett Company to answer the
question that follow.
Privett Company...
14.
Use the information below for Privett Company to answer the
question that follow.
Privett Company
Accounts payable
$ 30,000
Accounts receivable
35,000
Accrued liabilities
7,000
Cash
25,000
Intangible assets
40,000
Inventory
72,000
Long-term investments
100,000
Long-term liabilities
75,000
Marketable securities
36,000
Notes payable (short-term)
20,000
Property, plant, and equipment
400,000
Prepaid expenses
2,000
Based on the data for Privett Company, what is the amount of quick
assets?
a. $168,000
b. $60,000
c. $96,000
d. $61,000
Accounts payable-trade .......4,350,00
Accounts receivable-trade ......3,100,00
Bank loan, short-term borrowings..... 1,500,000
Processing formulas ......300,000
Land held...
Accounts payable-trade .......4,350,00
Accounts receivable-trade ......3,100,00
Bank loan, short-term borrowings..... 1,500,000
Processing formulas ......300,000
Land held for speculation...... 2,500,000
Land ......5,000,000
Change fund .....30,000
Prepaid advertising ......80,000
Unused office supplies .......20,000
Notes payable-trade ......2,500,000
Notes receivable ........1,000,000
Copyright ........300,000
Tools...... 100,000
Building...... 8,000,000
Machinery...... 5,000,000
Office furniture...... 1,800,000
Computer software ......500,000
Bonds payable .......5,000,000
Time deposit due december 31, 2023...... 5,000,000
Premium on bonds payable..... 500,000
Cash in PNB#001 .......2,300,000
Cash in PNB#002 .......(150,000)
Jenny, capital..... 17,880,000
Accumulates depreciation, building..........
Q1. ALPHA Company reported the following
year-end information:
Cash
$ 52,000
Short-term investments
12,000
Accounts receivable...
Q1. ALPHA Company reported the following
year-end information:
Cash
$ 52,000
Short-term investments
12,000
Accounts receivable
54,000
Inventory
325,000
Prepaid expenses
17,500
Accounts payable
106,500
Other current payables
25,000
Instructions:
1- Explain the purpose of the acid-test ratio.
2- Calculate the acid-test ratio for ALPHA Company.
Use the information below for Harding Company to answer the
question that follow.
Harding Company
Accounts...
Use the information below for Harding Company to answer the
question that follow.
Harding Company
Accounts payable
$39,320
Accounts receivable
67,705
Accrued liabilities
6,232
Cash
23,037
Intangible assets
41,193
Inventory
84,505
Long-term investments
96,571
Long-term liabilities
77,519
Marketable securities
34,918
Notes payable (short-term)
21,475
Property, plant, and equipment
686,188
Prepaid expenses
1,937
Based on the data for Harding Company, what is the amount of
working capital?
a.$145,075
b.$684,251
c.$212,102
d.$1,036,054