Financing Deficit
Stevens Textile Corporation's 2018 financial statements are
shown below:
Balance Sheet as of December...
Financing Deficit
Stevens Textile Corporation's 2018 financial statements are
shown below:
Balance Sheet as of December 31, 2018 (Thousands of
Dollars)
Cash
$ 1,080
Accounts payable
$ 4,320
Receivables
6,480
Accruals
2,880
Inventories
9,000
Line of credit
0
Total current assets
$16,560
Notes payable
2,100
Net fixed assets
12,600
Total current liabilities
$ 9,300
Mortgage bonds
3,500
Common stock
3,500
Retained earnings
12,860
Total assets
$29,160
Total liabilities and equity
$29,160
Income Statement for January 1 - December 31, 2018...
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
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...
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...
Weller Corporation
Comparative Balance Sheet
(dollars in thousands)
This Year
Last Year
Assets
Current assets:
Cash...
Weller Corporation
Comparative Balance Sheet
(dollars in thousands)
This Year
Last Year
Assets
Current assets:
Cash
$
1,280
$
1,560
Accounts receivable, net
12,300
9,100
Inventory
9,700
8,200
Prepaid expenses
1,800
2,100
Total current assets
25,080
20,960
Property and equipment:
Land
6,000
6,000
Buildings and equipment,
net
19,200
19,000
Total property and
equipment
25,200
25,000
Total assets
$
50,280
$
45,960
Liabilities and
Stockholders' Equity
Current liabilities:
Accounts payable
$
9,500
$
8,300
Accrued liabilities
600
700
Notes payable, short...
Weller Corporation
Comparative Balance Sheet
(dollars in thousands)
This Year
Last Year
Assets
Current assets:
Cash...
Weller Corporation
Comparative Balance Sheet
(dollars in thousands)
This Year
Last Year
Assets
Current assets:
Cash
$
1,300
$
1,610
Accounts receivable, net
16,400
9,250
Inventory
10,700
9,000
Prepaid expenses
2,000
2,500
Total current assets
30,400
22,360
Property and equipment:
Land
8,000
8,000
Buildings and equipment,
net
21,200
21,000
Total property and
equipment
29,200
29,000
Total assets
$
59,600
$
51,360
Liabilities and
Stockholders' Equity
Current liabilities:
Accounts payable
$
11,500
$
9,300
Accrued liabilities
1,000
1,700
Notes payable, short...
A company has $614 in inventory, $1,903 in net fixed assets,
$288 in accounts receivable, $133...
A company has $614 in inventory, $1,903 in net fixed assets,
$288 in accounts receivable, $133 in cash, and $338 in accounts
payable. What are the company's total current assets?
A firm has $816 in inventory, $1,640 in fixed assets, $616 in
accounts receivable, $372 in net working capital, and $207 in cash.
What is the amount of current liabilities?
You are examining a company's balance sheet and find that it has
total assets of $20,134, a cash balance of...