Consider the following abbreviated financial statements for
Parrothead Enterprises: PARROTHEAD ENTERPRISES 2010 and 2011
Partial Balance...
Consider the following abbreviated financial statements for
Parrothead Enterprises: PARROTHEAD ENTERPRISES 2010 and 2011
Partial Balance Sheets Assets Liabilities and Owners' Equity 2010
2011 2010 2011 Current assets $ 940 $ 996 Current liabilities $ 380
$ 401 Net fixed assets 3,987 4,588 Long-term debt 2,025 2,182
PARROTHEAD ENTERPRISES 2011 Income Statement Sales $ 12,055 Costs
5,815 Depreciation 1,060 Interest paid 180
a. What is owners' equity for 2010 and 2011? Owners' equity 2010
$ Owners' equity 2011 $
b....
Acem Corp has the following balance sheets and income
statement:
2009
2010
ASSETS
Cash
$57,600.00
$7,282.00...
Acem Corp has the following balance sheets and income
statement:
2009
2010
ASSETS
Cash
$57,600.00
$7,282.00
Acct's rec.
$351,200.00
$632,160.00
Inventory
$715,200.00
$1,287,360.00
Total current assets
$1,124,000.00
$1,926,802.00
Gross Fixed Assets
$491,000.00
$1,202,950.00
Less Accumulated Depreciation
$146,200.00
$263,160.00
Net Fixed Assets
$344,800.00
$939,790.00
TOTAL Assets
$1,468,800.00
$2,866,592.00
LIABILITIES AND EQUITY
Acct's Payable
$145,600.00
$524,160.00
Notes Payable
$200,000.00
$636,808.00
Accruals
$136,000.00
$489,600.00
Total current liabilites
$481,600.00
$1,650,568.00
Long-term debt
$323,432.00
$723,432.00
Common Stock (100,000 Shares)
$460,000.00
$460,000.00
Retained Earnings
$203,768.00
$32,592.00...
Coca-Cola Company
Balance Sheet
December 31 (Amounts in Millions)
2010
2009
Assets
Current assets
Cash and...
Coca-Cola Company
Balance Sheet
December 31 (Amounts in Millions)
2010
2009
Assets
Current assets
Cash and cash equivalent
$ 11,199
$ 9,151
Marketable securities
138
62
Account receivable
4,430
3,758
Merchandise inventory
2,650
2,354
Other current assets
3,162
2,226
Non-current assets
Long term investments
9,706
8,731
Property, Plant and equipment
14,727
9,561
Intangible assets
26,909
12,828
Total assets
72,921
48,671
Current liabilities
Accounts payable and accrued liabilities
$ 8,859
$ 6,657
Loans and notes payables
8,100
6,749
Other liabilities
1,549...
"Flynn Plastics Company reports the following data in its May
30, 2020 financial statements:
Gross sales...
"Flynn Plastics Company reports the following data in its May
30, 2020 financial statements:
Gross sales $225,000
Current assets $ 40,000
Long-term assets $100,000
Current liabilities $16,000
Long-term liabilities $44,000
Owners' equity $80,000
Net income $7,200
Number of common shares 5,000
Compute the following ratios: current ratio , debt-to-equity ,
return on owners’ equity , and earnings per share .
Sandhill Automotive’s balance sheet at the end of its most
recent fiscal year shows the following...
Sandhill Automotive’s balance sheet at the end of its most
recent fiscal year shows the following information: Sandhill
Automotive Balance Sheet as of March 31, 2017 Assets: Liabilities
and Equity: Cash and marketable sec. $38,000 Accounts payable and
accruals $163,000 Accounts receivable 166,000 Notes payable 28,000
Inventory 227,000 Total current assets $431,000 Total current
liabilities $191,000 Long-term debt 166,000 Total liabilities
$357,000 Net plant and equipment 710,000 Common stock 310,000
Goodwill and other assets 99,000 Retained earnings 573,000 Total
assets...
uestion 1
Below is the balance sheet of ABC
Company
at the end of 2010:
Assets...
uestion 1
Below is the balance sheet of ABC
Company
at the end of 2010:
Assets
Liab. & Owners Equity
Cash
$11,300
Accounts payable
$500
Account receivable
$1,000
Long
-
term debt
$8,000
Inventory
6,600
Common stock (par value = $2)
$4,000
Additional paid
-
in capital
$5,000
Retained earnings
$1,400
Total Assets
$18,900
Liab. & Owners Equity
$18,900
Its net income for year 2011 is $569. The dividend payout
ratio
(dividends/Net Income) is 28%
.
Also,
200 new shares...
Blackwell Automotive’s balance sheet at the end of
its most recent fiscal year shows the following...
Blackwell Automotive’s balance sheet at the end of
its most recent fiscal year shows the following information:
Flying Roos Corporation
Balance Sheet as of December
31, 2014
Assets:
Liabilities and Equity:
Cash and marketable sec.
$23,015
Accounts payable and accruals
$163,257
Accounts receivable
$141,258
Notes payable
$21,115
Inventories
$212,444
Total current liabilities
$184,372
Total current assets
$387,940
Long-term debt
$168,022
Total liabilities
$352,394
Net plant and equipment
$711,256
Common stock
$313,299
Goodwill and other assets
$78,656
Retained earnings
$512,159
Total...
1.
Johnston & Myers Inc. had the following balance sheet data for
a recent year:
Current...
1.
Johnston & Myers Inc. had the following balance sheet data for
a recent year:
Current assets
$720,000
Property, plant, and equipment (net)
1,110,000
Current liabilities
230,000
Long-term liabilities
450,000
Common stock, $10 par
250,000
Retained earnings
1,000,000
What is Johnston & Myers Inc.’s ratio of fixed assets to
long-term liabilities?
a. 0.9
b. 2.1
c. 4.1
d. None of these choices are correct.
2.
Johnston & Myers Inc. had the following balance sheet data for
a recent year:
Current...
The following data were taken from the balance sheet of Nilo
Company at the end of...
The following data were taken from the balance sheet of Nilo
Company at the end of two recent fiscal years:
Current Year
Previous Year
Current assets:
Cash
$303,600
$229,600
Marketable securities
351,600
258,300
Accounts and notes receivable
(net)
143,800
86,100
Inventories
868,600
650,300
Prepaid expenses
447,400
415,700
Total current assets
$2,115,000
$1,640,000
Current liabilities:
Accounts and notes payable
(short-term)
$272,600
$287,000
Accrued liabilities
197,400
123,000
Total current liabilities
$470,000
$410,000
a. Determine for each year (1) the working
capital, (2)...