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...
Alberta Inc. has the following data
1. cash - $nil;
2. accounts receivables - $30,000;
3....
Alberta Inc. has the following data
1. cash - $nil;
2. accounts receivables - $30,000;
3. inventory - $70,000.
4. Long term assets of $400,000
5. Current liabilities are $50,000.
6. sales of $1,000,000
7. operating profit of $50,000
8. interest expense of $12,500
9. tax expense of $7,500
10. total equity of $200,000
11. total debt of $300,000
12. Dividends paid - $10,000
13. Number of common shares - 1,000
14. Share price - $150
Calculate the following:
1....
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...
Biwott
Company
Balance Sheet
As of December 31, 2021
Assets
Cash
$ 60,000
Accounts
Receivable
60,000
Marketable...
Biwott
Company
Balance Sheet
As of December 31, 2021
Assets
Cash
$ 60,000
Accounts
Receivable
60,000
Marketable
Securities
80,000
Land
20,000
Equipment (net)
160,000
Total
$ 380,000
Liabilities and Stockholders' Eqiuity
Accounts Payable
$ 30,000
Taxes Pay. in 10
days
20,000
Bonds Pay. in 4
yrs.
80,000
Common Stock
125,000
Retained Earnings
125,000
Total
$ 380,000
What amount of quick
assets did Biwott Company hold at December 31, 2021?
a.
$120,000
b.
$140,000
c.
$200,000
d.
$220,000
Cook
Corporation
Balance Sheet
As...
Muscarella Inc. has the following balance sheet and income
statement data: Cash $ 14,000 Accounts payable...
Muscarella Inc. has the following balance sheet and income
statement data: Cash $ 14,000 Accounts payable $ 42,000 Receivables
70,000 Other current liabilities 28,000 Inventories 210,000 Total
CL $ 70,000 Total CA $294,000 Long-term debt 70,000 Net fixed
assets 126,000 Common equity 280,000 Total assets $420,000 Total
liab. and equity $420,000 Sales $280,000 Net income $ 21,000 The
new CFO thinks that inventories are excessive and could be lowered
sufficiently to cause the current ratio to equal the industry
average,...
Balance Sheet:
Cash
$ 20
A/R
1,000
Inventories
2,000
Total current assets
$ 3,020
Net...
Balance Sheet:
Cash
$ 20
A/R
1,000
Inventories
2,000
Total current assets
$ 3,020
Net fixed assets
2,980
Total assets
$ 6,000
Income Statement:
Sales
$10,000
Cost of goods sold
9,000
EBIT
$ 1,000
Interest (10%)
600
EBT
$ 400
Taxes (40%)
160
Net Income
$ 240
The industry average DSO is 18 (360-day basis). Collins plans to
change its credit policy so as to cause its DSO to equal the
industry average, and this...
Balance Sheet
2015
2016
2017
Assets
Cash
807,000
628,000
612,000
Accounts Receivables
2,582,000
2,896,000
4,605,000
Inventories...
Balance Sheet
2015
2016
2017
Assets
Cash
807,000
628,000
612,000
Accounts Receivables
2,582,000
2,896,000
4,605,000
Inventories
2,870,000
5,181,000
7,319,000
Total Current Assets
6,259,000
8,705,000
12,536,000
Net Fixed Assets
2,216,000
2,423,000
5,538,000
Total Assets
8,475,000
11,128,000
15,074,000
Liabilities and Equity
Accounts Payable
961,000
1,648,000
3,137,000
Notes Payable
400,000
800,000
2,860,000
Accruals
440,000
800,000
1,150,000
Total Current Liabilities
1,801,000
3,248,000
7,147,000
Long Term Debt
1,350,000
1,908,000
1,867,000
Common Stock
3,650,000
3,650,000
3,650,000
Retained Earnings
1,674,000
2,322,000
2,410,000
Total Equity
5,324,000
5,972,000
6,060,000...
Testable Corp
Cash
1,080
Receivables
6,480
Inventories
9,000
Total Current Assets
16,560
Net Fixed Assets
12,600...
Testable Corp
Cash
1,080
Receivables
6,480
Inventories
9,000
Total Current Assets
16,560
Net Fixed Assets
12,600
Total Assets
29,160
Accounts Payable
4,320
Accruals
2,880
Notes Payable
2,100
Total Current Liabilities
9,300
Long Term Debt
3,500
Common Stock
3,500
Retained Earnings
12,860
Total Liabilities and Equity
29,160
Sales
36,000
Operating Costs
32,440
Interest
460
Taxes
1,240
Net Income
1,860
Dividends
837
Shares Outstanding 3,500
Share
Price
$8.45
Information for Problem 5. Calculate the
following for Testable Corp.
Cash Conversion Cycle (Cash...
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...