A company's January 1, 2019 balance sheet reported total assets
of $167,000 and total liabilities of...
A company's January 1, 2019 balance sheet reported total assets
of $167,000 and total liabilities of $68,500. During January 2019,
the company completed the following transactions: (A) paid a note
payable using $18,500 cash (no interest was paid); (B) collected a
$17,500 accounts receivable; (C) paid a $6,700 accounts payable;
and (D) purchased a truck for $6,700 cash and by signing a $28,500
note payable from a bank. The company's January 31, 2019 balance
sheet would report which of the...
Long-Term Solvency Analysis
The following information was taken from Station Company's
balance sheet:
Fixed assets (net)...
Long-Term Solvency Analysis
The following information was taken from Station Company's
balance sheet:
Fixed assets (net)
$754,200
Long-term liabilities
419,000
Total liabilities
2,786,350
Total stockholders' equity
1,466,500
Determine the company's (a) ratio of fixed assets to long-term
liabilities and (b) ratio of liabilities to stockholders' equity.
If required, round your answers to one decimal place.
a. Ratio of fixed assets to long-term
liabilities
fill in the blank 1
b. Ratio of liabilities to stockholders'
equity
fill in the blank 2...
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.
Current Position Analysis
The following items are reported on a company's balance
sheet:
Cash
$201,800
Marketable...
Current Position Analysis
The following items are reported on a company's balance
sheet:
Cash
$201,800
Marketable securities
157,700
Accounts receivable (net)
85,700
Inventory
185,500
Accounts payable
371,000
Determine (a) the current ratio and (b) the quick ratio. Round
to one decimal place.
a. Current ratio
b. Quick ratio
Balance Sheet Calculations
Fermer Company's balance sheet information at the end of 2016
and 2017 is...
Balance Sheet Calculations
Fermer Company's balance sheet information at the end of 2016
and 2017 is as follows:
2016
2017
Total shareholders' equity
$ (a)
$100,700
Accumulated other comprehensive income
4,800
5,000
Current liabilities
(b)
9,800
Intangible assets
12,600
12,000
Property, plant, and equipment (net)
(c)
87,500
Current assets
21,000
(h)
Total contributed capital
51,000
(i)
Long-term liabilities
(d)
30,200
Retained earnings
42,900
(j)
Total assets
(e)
(k)
Common stock, $10 par
(f)
(l)
Working capital
9,900
10,200
Additional paid-in...
Cash flows from investing activities are determined by:
A. Analyzing each item on the income statement....
Cash flows from investing activities are determined by:
A. Analyzing each item on the income statement.
B. All of these.
C. Analyzing the long-term liabilities, short-term borrowings,
and stockholder’s equity accounts on the balance sheet.
D. Analyzing long-term asset and short term investment accounts
on the balance sheet.