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
Balance Sheet
Assets:
12/31/19
Current Assets:
Cash
$
3,000.00
Accounts Receivable
&nb
Balance Sheet
Assets:
12/31/19
Current Assets:
Cash
$
3,000.00
Accounts Receivable
1,250.00
Prepaid Expenses
$
100.00
Total Current Assets
$
4,350.00
Non-Current Assets:
Property, Plant, and Equipment
Land
$
10,000.00
Buildings
25,000.00
Equipment
15,000.00
Accumulated Depreciation
$
(12,000.00)
Total Property, Plant, and Equipment
$
38,000.00
Total Assets
$
42,350.00
Liabilities:
Current Liabilities
Accounts Payable
$
100.00
Accrued Expense
150.00
Salary and Wages Payable
-
Notes Payable
-
Unearned Revenue
$
1,500.00
Total Liabilities
$ ...
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 Sheets:
2018
2017
Assets
Cash and equivalents
$100
$85
Accounts receivable
275
300
Inventories
375 ...
Balance Sheets:
2018
2017
Assets
Cash and equivalents
$100
$85
Accounts receivable
275
300
Inventories
375
250
Total current assets
$750
$635
Net plant and equipment
2,300
1,490
Total assets
$3,050
$2,125
Liabilities and Equity
Accounts payable
$150
$85
Accruals
75
50
Notes payable
150
75
Total current
liabilities
$375
$210
Long-term debt
450
290
Total liabilities
$825
$500
Common stock
1,225
1,225
Retained earnings
1,000
400
Total common equity
$2,225
$1,625
Total liabilities and equity
$3,050
$2,125
Income Statements:...
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...
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...
The Ferri Furniture Company: Balance Sheet as of December 31,
2016 (In Thousands)
Cash $ 277,000...
The Ferri Furniture Company: Balance Sheet as of December 31,
2016 (In Thousands)
Cash $ 277,000 Accounts Payable $ 169,000 Receivables 220,000
Notes Payable 74,000 Inventories 145,000 Other current liabilities
57,000 Total current assets $ 642,000 Total current liabilities $
300,000 Net fixed assets 305,000 Long-term debt 66,500 Common
equity 581,000 Total assets $ 947,500 Total liabilities &
equity $ 947,500
The Ferri Furniture Company: Income Statement for Year Ended
December 31, 2016 (In Thousands) Sales $ 3,231,000 Cost of...
Oriole
Medical
Comparative Balance Sheet
As of December 31
2016
2015
Assets
Current assets
Cash
$357,000...
Oriole
Medical
Comparative Balance Sheet
As of December 31
2016
2015
Assets
Current assets
Cash
$357,000
$417,400
Accounts receivable, net
1,065,600
776,450
Inventory
729,000
681,050
Other current assets
386,000
247,000
Total current assets
2,537,600
2,121,900
Property, plant, &
equipment, net
8,574,855
8,389,815
Total assets
$11,112,455
$10,511,715
Liabilities and
Stockholders’ Equity
Current liabilities
$3,123,000
$2,846,100
Long-term debt
3,702,650
3,892,700
Total liabilities
6,825,650
6,738,800
Preferred stock, $5 par
value
53,900
53,900
Common stock, $0.25 par
value
195,000
103,850
Retained earnings
4,037,905
3,615,165...