Darden Company has cash of $34,000, accounts receivable of $44,000, inventory of $23,000, and equipment of $64,000. Assuming current liabilities of $31,000, this company's working capital is: W Multiple Choice O $13,000. $100,000. $47,000. $70,000. < Prev 28 of 35 MacBook Air Next > ▶11 F8 F9 F10 F11 F12 2
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- A firm has $1,120 in inventory, $2,780 in fixed assets, $1,470 in accounts receivable, $930 in accounts payable, and $540 in cash. What is the amount of the net working capital? Question 9 options: $4980 $3130 $4060 $2200The financial information for ABC company is: Receivables $200,000; Payables $350,000; Inventory $100,000; Non-current assets $750,000; Long-term loan $400,000. A It can be said that for the company ABC the dollar value of Shareholders' funds would be: 750,000 650,000 1,050,000 300,000Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectively
- Data pertaining to the current position of Lucky Industries are as follows:Cash $ 800,000,Marketable securities 550,000 , Account receivable 450,000, notes receivable 400,000,Inventories 700,000, Prepaid expenses 300,000, Accounts payable 1,200,000, Notes payable (short-term) 700,000Accrued expenses 100,000Required:1. Compute (a) the working capital and (b) the quick ratio from the above data. 2. Compute the working capital and the quick ratio after each of the following transactions, and record the results in the appropriate columns. Consider each transaction separately and assume that only that transaction affects the data given above. Only that ratio be calculated in each case (transaction) which changes due to that transaction> a. Sold marketable securities at no gain or loss, $500,000.b. Paid accounts payable, $287,500.c. Purchased goods on account, $400,000.d. Paid notes payable, $125,000.e. Declared a common stock dividend on common stock, $150,000.f. Received cash on…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. 2,200,000The financial statements of Persimmon Company include the following items: 20X9 20X8 Cash $51,500 $44,000 Short-term Investments 33,000 16,000 Net Accounts Receivable 100,000 105,000 Merchandise Inventory 165,000 148,000 Total Assets 535,000 551,000 Total Current Liabilities 275,000 294,000 Long-term Note Payable 57,000 56,000 What is working capital for 20X9? Group of answer choices A $203,000 B $90,500 C $74,500 D $41,500
- 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. 3,400,000Assume XYZ total assets $1,000,000 and net fixed $600,000. But current liabilities $200,000. Calculate the company current ratio? a. 4x O b. 2x c. 1.5x d. 3xCampbell Company has current assets of $10 million of which $3,000,000 are accounts receivable. Its current liabilities total $7 million of which $2,000,000 are accounts payable and $500,000 are wages payable. Campbell's net credit is: a. $2,500,000. O b. $1,000,000. Oc. $500,000. d. $3,000,000
- Sandy Corporation’s balance sheet at January 2, 20x5 is as follows:Sandy-Dr(Cr)Cash and receivables P200,000,000Inventories 600,000,000.00Property, plant and equipment, net 7,500,000,000.00 Current liabilities (400,000,000.00)Long-term debt (7,200,000,000.00)Capital stock (7,200,000.00)Retained earnings (25,000,000.00)Accumulated othercomprehensive income (5,000,000.00) An analysis of Sandy’s assets and liabilities reveals that book values of some reported itemsdo not reflect their market values at the date of acquisition:● Inventories are overvalued by P200,000,000● Property, plant and equipment is overvalued by P2,000,000,000● Long-term debt is undervalued by P100,000,000 On January 2, 20x5, Velasco issues new stock with a market value of P700,000,000 toacquire the assets and liabilities of Sandy. Stock registration fees are P100,000,000, paid incash. Consulting, accounting, and legal fees connected with the merger are P150,000,000,paid in cash. In addition, Velasco enters into an…uality Service’s revenue on account is P60,000 and the cash basis is P90,000. The cost of services is P80,000. The capital of Quality will increase by: a. P 10,000 b. P 70,000 c. P 90,000 d. P150,000determine the working capital rom the following information Debtors $ 148000, cash balance $ 69000 bank balance $ 129000 stock of Finished goods $ 188000 & current liabilities amount to $ 645000 ans options are : -12000 -111000 121000 18000