Net SalesInterest RevenueTotal RevenueExpensesCost of Goods SoldSelling and Administrative ExpensesTotal ExpensesIncome Before Income TaxesIncome TaxesNet IncomeX CompanyIncome StatementFor the Year Ended December 31, Year 2Additional Information:$ 310,00091,0001) Depreciation expense for the yearis $25,0002) Equipment purchases for the yearis $30,000$ 500,000S3,000503,000401,000102,00030,60071,4003) $50,000 in cash was borrowed ona long term note payable4) Cash dividends In the amount of $43,000 were declared and pald28What is the cash flow from operating activities using the indirect method of the statement of cash flows?O $71,400O$53,000O $63,000O $51,400NEXT >BOOKMARK AssetsCashAccounts ReceivablePrepaidsInventoryProperty, Plant & EquipmentLess: Accumulated DepreciationTotal AssetsLiabilitiesA wompanyBalance SheetDecember 31, Year 2Accounts PayableAccrued LiabilitiesNotes Payable (Long-Term Debt)Total LiabilitiesStockholders EquityCommon Stock ($10 par)Paid in Capital In Excess of PartRetained EarningsTreasury StockTotal Stockholders EquityTotal Liabilities and Stockholders EquityYear 2Year 1Change40,000 $20,000140,000 (10,000)$ 60,000 $130,00035,000 43,000 (8,000)183,000 120,000 63,000340,000 310,000 30,000(75,000) (50,000) (25,000)$673,000 $ 603,000 $70,000$110,600 $ 111,000 $ (400)34,000 32,000 2,00050,000 50,000100,000$244,600 $ 193,000 $51,600$ 75,000 $ 75,000 $220,000 220,000143,40010,000115,000 28,40010,000$428,400 $ 410,000 $18,400$673,000 $ 603,000 $70,00028What is the cash flow from operating activities using the indirect method of the statement of cash flows?O $71,400O $53,000O $63,000O $51,400NEXT 2BOOKMARK

Assets Cash Accounts Receivable Prepaids Inventory Property, Plant & Equipment Less: Accumulated Depreciation Total Assets Liabilities Accounts Payable Accrued Liabilities Balance Sheet December 31, Year 2 Notes Payable (Long-Term Debt) Total Liabilities Stockholders Equity Common Stock ($10 par) Paid in Capital In Excess of Par Retained Earnings Treasury Stock Total Stockholders Equity Total Liabilities and Stockholders Equity Year 2 Year 1 Change $ 60,000 $ 40,000 $20,000 130,000 140,000 (10,000) 35,000 43,000 (8,000) 183,000 120,000 63.000 340,000 310,000 30,000 (75,000) (50.000) (25,000) $673,000 $603,000 $70,000 $110,600 $ 111,000 $ (400) 34,000 32,000 2,000 50.000 60.000 100.000 $244,600 $ 193,000 $51,600 $ 75,000 $ 220,000 143,400 28,400 10,000 10,000 $428,400 $ 410,000 $18,400 $673,000 $603,000 $70,000 75,000 $ 220,000 115,000 . 28 What is the cash flow from operating activities using the indirect method of the statement of cash flows? O $71,400 O $63,000 O $63,000 O $51,400 NEXT > BOOKMARK

Assets Cash Accounts Receivable Prepaids Inventory Property, Plant & Equipment Less: Accumulated Depreciation Total Assets Liabilities Accounts Payable Accrued Liabilities Balance Sheet December 31, Year 2 Notes Payable (Long-Term Debt) Total Liabilities Stockholders Equity Common Stock ($10 par) Paid in Capital In Excess of Par Retained Earnings Treasury Stock Total Stockholders Equity Total Liabilities and Stockholders Equity Year 2 Year 1 Change $ 60,000 $ 40,000 $20,000 130,000 140,000 (10,000) 35,000 43,000 (8,000) 183,000 120,000 63.000 340,000 310,000 30,000 (75,000) (50.000) (25,000) $673,000 $603,000 $70,000 $110,600 $ 111,000 $ (400) 34,000 32,000 2,000 50.000 60.000 100.000 $244,600 $ 193,000 $51,600 $ 75,000 $ 220,000 143,400 28,400 10,000 10,000 $428,400 $ 410,000 $18,400 $673,000 $603,000 $70,000 75,000 $ 220,000 115,000 . 28 What is the cash flow from operating activities using the indirect method of the statement of cash flows? O $71,400 O $63,000 O $63,000 O $51,400 NEXT > BOOKMARK

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventory Total current assets Investments Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity Preferred stock, $ 50 par value Common stock, $ 1 par value Capital paid in excess of par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 611,000 272,000 $ 52,500 22,500 178,000 290,000 $ 543,000 66,200 339,000 $948,200 $ 95,100 78,700 12,000 $ 185,800 159,400 $ 345,200 $ 100,000 80,000 190,000 233,000 $ 603,000 $948,200
Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year ??? ??? 320,715 397,400 40,500 33,750 500,000 541,650 17,500 47,500 94,000 105,000 328,500 431,876.00 33,750 35,000 54,000 54,402.00 40,500 42,823.00 279,000 288,000 339,660.00 398,369.00 946,535 999,000 148,500 162,000 126,000 162,881.00 306,000 342,000 639,000 847,928.00 24,750 47,224.00 What is the current year's return on assets (ROA)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
Calculate working capital Alist of XYZ Company accounits is presented belov in alphabetical order: Aco. Dep.-Buildings Acc. Dep-Equipment Acc. Other Comprehensive Inoiome Accounts Payable Accounts Receivable 10 Additional Paidin Capital-obmmion Addtional Paidin Capital-preferredS 12 Allov ance for Doubtful Adcounts 42,400,00 28.080.00 880.00 17,920 00 17.200 00 19,200.00 9,200 00 640.00 61600 00 13 Bond: Payable idue 20271 14 Buldng: 15 Cash 16 Common Stock, $10 par 17 Curren Tan Payable 18 Discount on Bonds Pavable 19 Equipment 20 nventory 21 Land 22 Marketable Seourities (shoit term) 23 Patents (net) 24 Pieferned stook, $100 par 25 Retained Earnings 26 Revenues Salaries expense 28 Salalies Payable 29 Trademarks 115,200.00 2,320.00 24,000.00 8,320.00 5,520.00 57.920.00 29,760 00 24,000,00 4.880.00 7,840.00 16,800 00 36.960.00 85,600.00 %24 27 31.200.00 1,600.00 2.960.00 24 30
O Accounts payable Accounts receivable Accruals Category Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Not fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year 3,153.00 5,992.00 6,936.00 9,031.00 5,792.00 6,116.00 20,429.00 13,896.00 ??? Category 222 2,850 22,561.00 500 952.00 4,008.00 46,360 350 What is the firm's cash flow from financing? 1,259.00 1,120.00 3,060.00 6,658.00 16,820.00 22,100.00 75,431.00 74,071.00 6,567.00 19,950 20,000 35,524.00 34,531.00 45,432.00 2,850 Submit 18,594.00 500 1,019.00 920 Answer format: Number: Round to: 0 decimal places
Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year 3,106.00 5,972.00 6,919.00 8,940.00 5,691.00 6,099.00 20,212.00 13,343.00 ??? ??? 2,850 18,751.00 500 2,850 22,826.00 500 965.00 1,016.00 1,259.00 1,123.00 3,086.00 6,750.00 16,982.00 22,296.00 75,731.00 73,844.00 4,053.00 6,596.00 19,950 20,000 35,937.00 34,762.00 46,360 45,530.00 350 920 What is the firm's cash flow from operations? Submit Answer format: Number: Round to: 0 decimal places.
Compute and Analyze Measures for DuPont Disaggregation Analysis The 2018 balance sheets and income statement for Netflix Inc. follow. Refer to these financial statements to answer the requirements. NETFLIX INC. Consolidated Statements of Earnings For Year Ended December 31, $ thousands 2018 Revenues $9,318,661 Cost of revenues 5,880,847 1,397,987 720,870 630,294 688,663 Marketing Technology and development General and administrative Operating income Other income (expense) Interest expense Interest and other income Income before income taxes Provision for income taxes Net income NETFLIX INC. Consolidated Balance Sheets in thousands, except par value 2018 Current assets Cash and cash equivalents Current content assets, net Other current assets Total current assets Noncurrent content assets, net Property and equipment, net Other noncurrent assets Total assets Current liabilities Current content liabilities Accounts payable Accrued expenses Deferred revenue (248,091) 41,725 482,297 8,977…
ABC Industry and Trade Inc. Balance Sheet as of 31.12.2020 (TL) transactions ASSETS(Assets) I-Current Assets Ready Values Securities Commercial debts Stocks Other Current Assets Current Assets Total I-Fixed Assets Financial Fixed Assets Tangible Fixed Assets Total Fixed Assets TOTAL ASSETS 31.12.2020 Amount Vertical Percent (%) 360.000 12 45.000 1.5 870.000 29 840.000 28 255.000 8.5 2.370.000 79 390.000 13 240.000 8. 630.000 21 3.000.000 100 LIABILITIES(RESOURCES) l-Short Term Liv. resources Financial Debts Trade payables Short Term Foreign Resource Total Il-Long-Term Liabilities Financial Debts Long Term Liv. Source Ball. III-Equity Paid-in capital Profit Reserves Net profit for the period Previous Year's profit Total Equity TOTAL LIABILITIES (RESOURCES) 39.000 1.3 120.000 4 159.000 5.3 81.000 2.7 81.000 2.7 120.000 4 420.000 14 1.950.000 65 270.000 9 2.760.000 92 3.000.000 100 Requested: Calculate the vertical percentages of the Balance Sheet items of ABC Sanayi ve Ticaret A.Ş. dated…
Accumulated amortization Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable Allowance for bad debts Common stock, 100,000 shares outstanding Inventory Preferred stock, 1,000 shares outstanding Marketable securities Investments Notes payable Current Assets: (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total current assets Other Assets: (Click to select) Capital assets: (Click to select) (Click to select) Net plant and equipment Total assets + + + ◆ + + Assets $ $215,000 203,400 12,000 136,000 50,000 680,000 39,000 4,600 166,000 00 70,000 55,000 20,000 20,000 33,000 Balance Sheet $ 000000 (Click to select) (Click to select) Liabilities and Shareholders' Equity Current Liabilities: + Total current liabilities Long-term liabilities (Click to select) WELCOM Total liabilities (Click to select) (Click to select) (Click to select) # Shareholders' Equity: # + Total shareholders' equity Total…
Current LiabilitiesPROBLEM 1: TRUE OR FALSE 6. Financial liabilities may be subsequently reclassified betweenthe amortized cost and fair value measurement categories.7. Trade payables and other liabilities that are part of an entity'sworking capital may be presented as current liabilities even ifthey are expected to be settled beyond one year.
From the following information of Axis Limited compute the Replacement Cost Value / Net Substantial Value Liabilities Equity Share Capital Preference Share Capital Reserves and Surplus Adjustment Long-term Debt Short-term Debt Creditors Amount (Mn$) 2000 1100 800 1400 800 1700 Assets 1100 Debtors 8,900 Fixed Assets Inventories Cash and Bank Balance Amount (Mn$) 4100 2350 1150 1300 8,900
! Required information Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales Cost of goods sold Gross profit Expenses: VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 2025 $3,495,000 2,477,000 1,018,000 Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income 952,000 27,000 16,500 7,700 1,003, 200 14,800 2024 $3,021,000 1,947,000 1,074,000 855,000 25,500 7,700 13,500 46,500 948, 200 125,800
Financed by: Paid-up: Share Capital Retained Earnings Reserves Long Term Liabilities Current Other payables Trade creditors Liabilities Accrued expense Barakah Company Balance Sheet as at 31st December 2019 100,000 245,500 30,000 Additional Information: i) ii) 600,000 155,500 75,000 830,500 25,000 375,500 1,231,000 Fixed Assets (net after depreciation) $ Land & Buildings Equipment Vehicles Fixtures & Fittings Current Assets Inventory Accounts Receivable Prepayments Cash at Bank Cash in Hand Work-in-Progress is one-sixth of the total Inventory. Prepayments are related to the rental of buildings. Bad debt is 5% for the year. Non-Muslim ownership is at 20%. 350,500 200,500 150,000 50,000 751,000 Required: Determine the zakat base and due for the company using: (a) Net Current Assets method; and (b) Net Invested Fund Method. 125,000 215,000 10,000 110,000 20,000 1,231,000