Consider the following company’s balance sheet and income
statement. Balance Sheet Assets Liabilities and Equity Cash...
Consider the following company’s balance sheet and income
statement. Balance Sheet Assets Liabilities and Equity Cash $
10,000 Accounts payable $ 31,000 Accounts receivable 72,000 Notes
payable 25,000 Inventory 53,000 Total current assets 135,000 Total
current liabilities 56,000 Fixed assets 81,000 Long-term debt
30,000 Equity 130,000 Total assets $ 216,000 Total liabilities and
equity $ 216,000 Income Statement Sales (all on credit) $ 290,000
Cost of goods sold 180,000 Gross margin 110,000 Selling and
administrative expenses 43,000 Depreciation 7,000 EBIT...
Following is the balance sheet of Gibson Company for 2018:
GIBSON COMPANY
Balance sheet
Assets
Cash...
Following is the balance sheet of Gibson Company for 2018:
GIBSON COMPANY
Balance sheet
Assets
Cash
$
14,550
Marketable securities
7,860
Accounts receivable
12,860
Inventory
10,900
Property and equipment
168,000
Accumulated depreciation
(12,900
)
Total assets
$
201,270
Liabilities and Stockholders’ Equity
Accounts payable
$
8,090
Current notes payable
3,640
Mortgage payable
4,450
Bonds payable
22,020
Common stock
113,200
Retained earnings
49,870
Total liabilities and stockholders’ equity
$
201,270
The average number of common stock shares outstanding during
2018 was...
Following is the balance sheet of Gibson Company for 2018:
GIBSON COMPANY
Balance sheet
Assets
Cash...
Following is the balance sheet of Gibson Company for 2018:
GIBSON COMPANY
Balance sheet
Assets
Cash
$
14,550
Marketable securities
7,860
Accounts receivable
12,860
Inventory
10,900
Property and equipment
168,000
Accumulated depreciation
(12,900
)
Total assets
$
201,270
Liabilities and Stockholders’ Equity
Accounts payable
$
8,090
Current notes payable
3,640
Mortgage payable
4,450
Bonds payable
22,020
Common stock
113,200
Retained earnings
49,870
Total liabilities and stockholders’ equity
$
201,270
The average number of common stock shares outstanding during
2018 was...
Balance Sheet
Current assets
Cash 910,000
Acc receivable not given
Inventories 1,050,000
Fixed assets 3,710,000
TOTAL...
Balance Sheet
Current assets
Cash 910,000
Acc receivable not given
Inventories 1,050,000
Fixed assets 3,710,000
TOTAL ASSETS 7,000,000
Current liabilities
Acc payable not given
Long-term debt 3,500,000
Common stock 560,000
Retained earnings 2,470,000
TOTAL LIAB and EQUITY 7,000,000
Income Statement
Sales 14,000,000
Operating expense 11,200,000
EBIT 2,800,000
Interest expense 490,000
EBT 2,310,000
Taxes 924,000
Net income 1,386,000
What is the firm's debt ratio?
A.56.71%
B.50.00%
C.43.29%
D.93.29%
E.92.00%
please help
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000 Inventory 70,000 50,000 Accounts
receivable, net 100,000 150,000 Cash 30,000 50,000 Total current
assets € 200,000 € 250,000 Total assets € 800,000 € 750,000 Equity
and liabilities 2018 2017 Share capital 300,000 200,000 Retained
earnings 80,000 100,000 Total equity € 380,000 € 300,000 Payable
bonds 200,000 250,000 Accounts payable 150,000 120,000 Income taxes
payable 70,000 80,000 Total current liabilities € 220,000 € 200,000
Total...
Balance Sheet
Current assets
Cash 1,010,000
Acc receivable not given
Inventories 1,150,000
Fixed assets 4,100,000
TOTAL...
Balance Sheet
Current assets
Cash 1,010,000
Acc receivable not given
Inventories 1,150,000
Fixed assets 4,100,000
TOTAL ASSETS 7,200,000
Current liabilities
Acc payable not given
Long-term debt 2,900,000
Common stock 1,010,000
Retained earnings 2,830,000
TOTAL LIAB and EQUITY 7,200,000
Income Statement
Sales 21,600,000
Operating expense 18,140,000
EBIT 3,460,000
Interest expense 348,000
EBT 3,112,000
Taxes 1,245,000
Net income 1,867,000
What is the firm's quick ratio?
0.58
6.74
4.70
4.24
0.92
Balance Sheet
Current assets
Cash 1,100,000
Acc receivable not given
Inventories 1,390,000
Fixed assets 4,160,000
TOTAL...
Balance Sheet
Current assets
Cash 1,100,000
Acc receivable not given
Inventories 1,390,000
Fixed assets 4,160,000
TOTAL ASSETS 7,300,000
Current liabilities
Acc payable not given
Long-term debt 2,200,000
Common stock 800,000
Retained earnings 3,100,000
TOTAL LIAB and EQUITY 7,300,000
Income Statement
Sales 14,600,000
Operating expense 12,410,000
EBIT 2,190,000
Interest expense 242,000
EBT 1,948,000
Taxes 779,000
Net income 1,169,000
What is the firm's quick ratio?
What is the firm's quick ratio?
A.0.92
B.2.62
C.2.08
D.0.51
E.1.46
Question 1
DMS Pte Ltd
Balance Sheet
As of 31 Dec 2018
Cash
$ 150,000.00
Accounts...
Question 1
DMS Pte Ltd
Balance Sheet
As of 31 Dec 2018
Cash
$ 150,000.00
Accounts Receivables
450,000.00
Inventories
300,000.00
Total Current Assets
$ 900,000.00
Net Fixed Assets
1,500,000.00
Total Assets
$ 2,400,000.00
Accounts Payable
$ 300,000.00
Long-term Debt
600,000.00
Total Liabilities
900,000.00
Common Stockholders' Equity
1,500,000.00
Total Liabilities and Equity
2,400,000.00
DMS Pte Ltd
Income Statement
As of 31 Dec 2018
Sales
$ 3,000,000.00
Less: Cost of Goods Sold
1,500,000.00
Gross Profit...
Fictishus Inc.
Balance Sheet
As of December 31, 2019
ASSETS &nb
Fictishus Inc.
Balance Sheet
As of December 31, 2019
ASSETS
LIABILITIES AND SHAREHOLDERS EQUITY
Current
Assets
Current
Liabilities
Cash
600
Accounts
Payable
800
Accounts
Receivable
400
Notes
Payable
200
Inventory
1,400
Total Current
Liabilities
1,000
Investments
1,200
Long Term
Debt
2,800
Total Current
Assets
3,600
TOTAL
LIABILITIES
3,800
Fixed
Assets
2,200
TOTAL
ASSETS
5,800
Shareholders Equity
Common
Stock
2,000
Select 2019 Income Statement information:
Revenue:
$8,100
Cost of Goods Sold: ...
QUESTION 1
Co. XYZ Balance Sheet
Assets:
Cash and marketable
securities &nbs
QUESTION 1
Co. XYZ Balance Sheet
Assets:
Cash and marketable
securities $300,000
Accounts
receivable 1,125,000
Inventories 1,837,500
Prepaid
expenses 24,000
Total current
assets $3,286,500
Fixed
assets 2,700,000
Less: accumulated
depreciation 1,087,500
Net fixed
assets $1,612,500
Total
assets $4,899,000
Liabilities:
Accounts
payable $240,000
Notes
payable 825,000
Accrued
taxes 42,000
Total current
liabilities $1,107,000
Long-term
debt 975,000
Owner’s
equity 2,817,000
Total liabilities and owner’s
equity $4,899,000
Co. XYZ Income Statement
Net sales (all
credit) $6,375,000
Less: Cost of goods
sold 4,312,500
Selling and administrative
expense 1,387,500
Depreciation
expense 135,000
Interest
expense 127,000
Earnings before
taxes $
412,500
Income
taxes 225,000
Net
income $
188,000
Common stock...