The following balance sheet Information is provided for Apex Company for Year 2: Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation Land Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity What is the company's working capital? Multiple Choice O $20.300 O $24,500 O $4.900 O $22.900 $ 5,400 15,500 18,000 1,600 20,200 19,950 $ 80,650 $ 4,500 11,500 19,800 30,000 15,650 $ 80,650 35 Next > < Prev 30 of 35 30 of MacBook Air
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- The balance sheets for Monitor World Corporation and additional information are provided below. MONITOR WORLD CORPORATION Balance Sheets December 31, 2024 and 2023 Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Additional information for 2024: 1. Net income is $128,400. 2. Sales on account are $1,702,000. 3. Cost of goods sold is $1,276,500. Complete this question by entering your answers in the tabs below. a. Receivables turnover ratio b. Inventory turnover ratio c. Current ratio d. Acid-test ratio e. Debt to equity ratio 2024 times times $176,400 88,000 100,000 4,500 % Required: 1. Calculate the following risk ratios for 2024: 2. When we compare…Assume that the Current Assets for Rain Co. as of Decebmer 31, 20Y8, are listed below. A. Assume further that the total Current Liabilites on the same date are $75,000. What is the amount of the working capital for Rain Co. on December 31, 20Y8? B. Assume further that the total Current Liabilites on the same date are $75,000. What is the amount of the working capital for Rain Co. on December 31, 20Y8? ASSETS Current assets: Cash $ 17,500 Temporary Investments 15,000 Accounts Receivable (net) 42,500 Inventories 72,000 Prepaid Expenses 3,000 Total current assets $150,000The balance sheets for Dual Monitors Corporation and additional information are provided below. DUAL MONITORS CORPORATION Balance Sheets December 31, 2024 and 2023 Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Additional Information for 2024: 1. Net Income is $150,600. 2. Sales on account are $1,215,500. (All sales are credit sales.) 3. Cost of goods sold is $973,400. Complete this question by entering your answers in the tabs below. a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e. Return on equity 2024 19.9 % 13.9 % %6 $208,600 60,000 86,000 3,100 times %6 390,000 390,000 700,000 580,000 (338,000) (178,000)…
- Assume an investee has the following financial statement information for the three years ending December 31, 2022: (At December 31) Current assets Tangible fixed assets Intangible assets Total assets Current liabilities Noncurrent liabilities Common stock Additional paid-in capital Retained earnings Stockholders' equity 2022 2021 $182,400 $177,600 $132,480 424,000 368,000 360,320 2020 25,600 28,800 32,000 $632,000 $574,400 $524,800 $76,800 $70,400 $64,000 170,400 155,200 140,800 64,000 64,000 64,000 64,000 64,000 64,000 256,000 220,800 192,000 384,000 348,800 320,000 Total liabilities and equity $631,200 $574,400 $524,800 (For the years ended December 31) Revenues Expenses Net income Dividends 2022 2021 2020 $620,800 $588,800 $544,000 560,000 537,600 496,000 $60,800 $51,200 $48,000 $25,600 $22,400 $16,000 Assume that on January 1, 2020, an investor company purchased 100% of the outstanding voting common stock of the investee. On the date of the acquisition, the investee's identifiable…An analyst has compiled the following information relating to a company for the year ended 31 December 2021: Rands Liabilities at year-end Contributed capital at year-end Retained income at beginning of the year Revenue during the year Expenses during the year Income tax 298 000 500 000 344 000 2 000 000 1 460 000 Charged at 28% Required: 1.1 Calculate the accounting value of the assets at year-end, based on the information provided above. 1.2 Calculate the return on equity (ROE) (to one decimal place) for the period and compare it to the industry average of 28%, in your answer provide two possible reasons why the amounts may differ.Use the following information for the next three questions:The ledger of COLTISH UNDISCIPLINED Co. in 20x1 includes the following:Jan. 1, 20x1 Dec. 31, 20x1Current assets 1,200,000 ?Noncurrent assets 4,000,000 ?Current liabilities 900,000 1,000,000Noncurrent liabilities ? 3,000,000 Additional information:- COLTISH’s working capital as of December 31, 20x1 is twice as much as the working capital as of January 1, 20x1.- Total equity as of January 1, 20x1 is ₱1,700,000. Profit for the year is ₱2,400,000 while dividends declared amounted to ₱1,000,000. There were no other changes in equity during the year. How much is the total current assets as of December 31, 20x1?a. 1,600,000b. 800,000c. 300,000d. 2,200,000
- Use the following information for the next three questions:The ledger of COLTISH UNDISCIPLINED Co. in 20x1 includes the following:Jan. 1, 20x1 Dec. 31, 20x1Current assets 1,200,000 ? Noncurrent assets 4,000,000 ? Current liabilities 900,000 1,000,000Noncurrent liabilities ? 3,000,000 Additional information:- COLTISH’s working capital as of December 31, 20x1 is twice as much as the working capital as of January 1, 20x1. - Total equity as of January 1, 20x1 is ₱1,700,000. Profit for the year is ₱2,400,000 while dividends declared amounted to ₱1,000,000. There were no other changes in equity during the year.How much is the total noncurrent liabilities as of January 1, 20x1?a. 2,600,000b. 2,800,000c. 3,200,000d. 3,400,000Following are selected balance sheet accounts of Del Conte Corp. at December 31, 2021 and 2020, and the increases or decreases in each account from 2020 to 2021. Also presented is selected income statement information for the year ended December 31, 2021, and additional information. Selected Balance Sheet Accounts Assets Accounts receivable Property, plant, and equipment Accumulated depreciation Liabilities and Stockholders' Equity Bonds payable Dividends payable i Common stock, $1 par Additional paid-in capital Retained earnings 2021 Depreciation Gain on sale of equipment Net income $ 38,000 $ 26,000 281,000 249,000 (182,000) (169,000) 55,000 9,000 26,000 10,000 108,000 2020 37,000 14,000 32,000 50,000 5,800 21,000 3,800 93,000 Selected Income Statement Information for the Year Ended December 31, 2021 Sales revenue $ 159,000 Increase. (Decrease) $12,000 32,000 13,000 5,000 3,200 5,000 6,200 15,000 Additional information: a. Accounts receivable relate to sales of merchandise. b. During…Using the following Balance Sheet summary information, calculate for the two companies presented:working capitalcurrent ratio Company L and Company M, respectively: Current assets $124,680, $180,550. Current liabilities 63,250, 153,250.
- Chapter 5, page 344 and 349: EA12. 5.3 Using the following Balance Sheet summary information, calculate for the two years presented: A. working capital B. current ratio 12/31/2018 12/31/2019 $76,000 48,000 Current assets $295,000 Current liabilities 163,500 After computing liquidity ratios, comment on the performance of an entity using acceptable standards of liquidity performanceThe balance sheet for Zachary Corporation follows: Current assets. Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 234,000 770,000 $ 1,004,000 $ 141,000 456,000 597,000 407,000 $ 1,004,000The following information is available for Porter Corporation for the year ended December 31, 2021. Prepare a classified Balance Sheet. Accounts payable Long-term investments Accumulated depreciation, equipment Retained earnings $ 1,200 9,900 4,000 15,000 for com 6,300 2,500 6,500 1,500 2,600 1,000 8,000 7,500 Common Stock Intangible assets Notes payable (due in 5 years) Accounts receivable Cash Short-term investments Land Equipment Debh