December 31 Cash and cash equivalents Restricted cash Net receivables Inventory Other current assets Current assets Current liabilities Total liabilities Stockholders' equity Year ended December 31, Loss before income taxes Interest expense Cash flows from operating activities Capital expenditures 2017 2016 $3,812,358 $3,837,660 157,656 107,852 515,381 499,142 2,263,537 2,067,454 268,365 194,465 7,017,297 6,706,573 7,674,670 5,827,005 23,022,980 16,750,167 6,076,836 6,538,353 Current ratio Quick ratio 0.91 0.58 a. Compute the current ratio and quick ratio for each year. Note: Round answers to two decimal places. 2017 2016 2017 $(2,209,032) Debt-to-equity ratio Times interest earned ratio 515,703 (58,321) (3,859,258) b. Compute the debt-to-equity ratio for 2017 and 2016 and the times-interest-earned ratio for 2017. Note: Round answers to two decimal places. Use a negative sign with your answer, if appropriate. 1.15 0.76 ✔ 2017 3.79 (3.28)✔ 2016 2.56 c. Compute the cash burn rate for 2017. Note: Round answer to the nearest whole number. Use a negative sign with your answer, if appropria $0 *thousand per day

December 31 Cash and cash equivalents Restricted cash Net receivables Inventory Other current assets Current assets Current liabilities Total liabilities Stockholders' equity Year ended December 31, Loss before income taxes Interest expense Cash flows from operating activities Capital expenditures 2017 2016 $3,812,358 $3,837,660 157,656 107,852 515,381 499,142 2,263,537 2,067,454 268,365 194,465 7,017,297 6,706,573 7,674,670 5,827,005 23,022,980 16,750,167 6,076,836 6,538,353 Current ratio Quick ratio 0.91 0.58 a. Compute the current ratio and quick ratio for each year. Note: Round answers to two decimal places. 2017 2016 2017 $(2,209,032) Debt-to-equity ratio Times interest earned ratio 515,703 (58,321) (3,859,258) b. Compute the debt-to-equity ratio for 2017 and 2016 and the times-interest-earned ratio for 2017. Note: Round answers to two decimal places. Use a negative sign with your answer, if appropriate. 1.15 0.76 ✔ 2017 3.79 (3.28)✔ 2016 2.56 c. Compute the cash burn rate for 2017. Note: Round answer to the nearest whole number. Use a negative sign with your answer, if appropria $0 *thousand per day

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money

Section: Chapter Questions

Problem 9.9E

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#6 Item Prior year Current year Accounts payable 8,182.00 7,768.00 Accounts receivable 6,011.00 6,766.00 Accruals Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt 1,022.00 1,542.00 ??? ??? 11,535.00 12,370.00 12,726.00 18,265.00 4,989.00 5,013.00 2,500 2,833.00 733 417 4,158.00 4,820.00 14,080.00 14,452.00 Net fixed assets 51,720.00 54,916.00 Notes payable 4,306.00 9,860.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,006.00 29,332.00 Sales 35,119 47,524.00 Taxes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year? Submit Answer format: Number: Round to: 0 decimal places.
Item Prior year Current year Accounts payable 8,198.00 7,775.00 Accounts receivable 6,030.00 6,768.00 Accruals 1,007.00 1,602.00 Cash ??? ??? Common Stock 10,168.00 12,293.00 COGS 12,621.00 18,231.00 Current portion long-term 4,953.00 5,046.00 debt Depreciation expense 2,500 2,756.00 Interest expense 733 417 Inventories 4,136.00 4,819.00 Long-term debt 14,434.00 13,704.00 Net fixed assets 50,920.00 54,636.00 Notes payable 4,385.00 9,940.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,358.00 30,071.00 Sales 35,119 47,773.00 Тахes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year? Submit Answer format: Number: Round to: 0 decimal places.
Item Prior year Current year Accounts payable 8,112.00 7,889.00 Accounts receivable 6,029.00 6,526.00 Accruals 981.00 1,445.00 Cash ??? ??? Common Stock 10,050.00 11,831.00 COGS 12,659.00 18,136.00 Current portion long-term 5,054.00 5,053.00 debt Depreciation expense 2,500 2,814.00 Interest expense 733 417 Inventories 4,101.00 4,816.00 Long-term debt 14,355.00 13,032.00 Net fixed assets 51,776.00 54,131.00 Notes payable 4,395.00 9,850.00 Operating expenses (excl. 13,977 depr.) 18,172 Retained earnings 28,273.00 29,816.00 Sales 47,524 Taxes 2,084 2,775 What is the firm's cash flow from operations? Submit Answer format: Number: Round to: 0 decimal places.
Q4 Corporation financial statements at December 31 (in millions) ASSETS Cash LIABILITIES Accounts payable Notes payable Accrued wages Accrued taxes Total current liabilities 20X9 S10 5. 3. 2. 20X8 20X9 $5 10 15 20X8 $ 8 5. 2. 3. $ 4 Accounts receivable Inventory 12 Total current assets Long-term debt Common stock Retained carnings Total Net fixed assets 40 40 20 10 20 10 15 20 Total Sales $95, Cost of goods sold $50, Selling, general, and administrative expenses S15. Depreciation $3,Interest $2, Taxes $10 (a) Prepare a flow of funds statement for 20X9 for the Corporation (b) Prepare a cash flow statement using the indircct method for Corporation.
Dec 31' Dec 31' Period Ending 2019 2020 Current Assets Cash And Cash Equivalents 3,803,377.00 3,310'509.00 Short Term Investments 10.000 100,000 Net Receivables 2,595,746.00 2,812,421.00 Inventory 551'244.00 646'295.00 Prepayments 252'852.00 207'662.00 Total Current Assets 7,213'289.00 7,318'652.00 Current Liabilities Accounts Payable 1'038'953.00 999'675.00 Short/Current Long Term Debt 1'563'378.00 1'519'483.00 Accruala 1'664'679.00 1'546'993.00 Total Current Liabilities 4'267'010.00 4'066'151.00 What is the Current Ratio for 2020 Select one: O a. 1.3:1 O b. 2.5:1 O c. 1.5:1 O d. 1.8:1
Assets Cash S.T. Investments Accts Receivable Inventories Total Current Assets Net PP&E Total Assets Liabilities. Accts Payable Notes Payable Accruals Balance Sheet Current Liabilities L.T. Bonds Preferred Stock Common Stock Retained Earnings Total Equity Total Liab. & Equity Less: Interest 2021 120 30 400 Pre-tax Earnings 1,200 1,750 3,000 4,750 100 100 300 500 520 200 530 3,000 3,530 4,750 Net Sales COGS except Dep Depreciation & Amortization Other Operating Expenses EBIT Income Statements 2021 5,500 3,800 180 600 920 60 860 215 Taxes (25%) Preferred Dividends 15 Net Income for CS Holders 630 2020 $102 40 384 774 1. What is the company's MVA? 2. What is the company's EVA in? 3. What is the current ratio of the Company? 1,300 1,780 3,080 180 28 370 578 350 100 500 1,552 2,052 3,080 Number of Common Stock Outstanding = 1,200 Price of Common Stock = 4.00 WACC Cost of Capital = 12.0% Return on Investment (ROI)= 15.97% 2020 4,800 3,710 180 470 440 40 400 100 7 293
React Corporation Comparative Statements of Financial Position December 31, 2025 and 2024 2025 2024 Assets Current Assets Cash & Cash Equivalent 106,789 102,375 Trade & Other Receivables 327,611 277,467 Inventory 331,863 297,654 Prepaid Expenses 101,565 114,813 Total Current Assets 870,828 792,309 Noncurrent Assets Property, Plant & Equipment Intangibles 135,754 166,481 Total Noncurrent Assets 7,500 7,500 TOTAL ASSETS 143,254 173,981 1,014,082 966,290 Liabilities and Shareholders’ Equity Current Liabilities Trade & Other Payables Unearned Revenues 238,000 208,703 Notes Payables - current 107,508 82,456 Total Current Liabilities 45,000 45,000…
Requlred Informatlon RivMera Townshlp reported the following data for Its governmental activitles for the year ended June 30, 20X9: 2 of 3 Item Amount Cash and cash equivalents $1,000,000 300,000 8,500,000 1,200,000 400,000 4,800,000 Receivables Capital assets Accumulated depreciation Accounts payable 01:56:09 Long-term liabilities Additlonal Information avalable is as follows: All of the long-term debt was used to acquire capital assets. Cash of $475,000 Is restricted for debt service. Based on the preceding Informatlon, on the statement of net assets prepared at June 30, 20X9, what amount should be reported for net assets Invested In capital assets, net of related debt? Multiple Cholce $3.300,000 $2.900,000 $2,825,000 $4.200,000
Question Content Area Income tax expense was $326,992 for the year. Income taxes payable was $32,742 and $46,193 at the beginning and end of the year, respectively. Cash payments for income taxes reported on the statement of cash flows using the direct method are a.$313,541 b.$326,992 c.$340,443 d.$405,927
NNita Corporation Comparative Statements of Financial Position December 31, 2021 to 2025 2021 2022 2023 2024 2025 Assets Current Assets Cash & Cash Equivalent 57 119 120 150 168 Trade & Other Receivables 208 75 77 77 91 Inventory 530 403 462 535 585 Prepaid Expenses 390 441 485 542 509 Total Current Assets 397 459 479 520 512 Noncurrent Assets 1,582 1,497 1,623 1,824 1,865 Property, Plant & Equipment Intangible Total Noncurrent Assets 860 1,310 1,410 1,450 1,456 TOTAL ASSETS 860 1,410 1,450 1,456 1,310 2,807 2,442 3,033 3,274 3,321 Liabilities and Shareholders' Equity Current Liabilities Trade & Other Payables Unearned Revenues 380 358 342 299 319 Notes Payable - current 114 211 175 126 84 Total Current Liabilities 140 37 49 70 59 NonCurrent Liabilities Notes Payable - noncurrent 634 606 566 495 462 Total Liabilities 326 531 478 454 399 Shareholder's Equity 960 1,137 1,044 949 861 Preference Shares P100 par Ordinary Share, P1par Premium on Ordinary Shares Total Paid-in-Capital 848…
Balance Sheet for Bearcat Hathaway, 2022 2021 2022 Cash Accounts Receivable Inventory Current Assets Accum.Depreciation Net Fixed Assets Gross Fixed Assets $16,251,665 $20,567,330 Less $7,460,897 $10,117,819 Total Assets O 11.58% O 44.90% O 8.37% $5,268,485 $10,268,485 O 4.35% $2,574,230 $2,314,672 O 6.02% $529,062 $696,685 $8,371,777 $13,279,842 Total Liabilities and Equity What is the common size value for 2022 Notes Payable? $8,790,768 $10,449,511 $17,162,545 $23,729,353 Current Liabilities 2021 Accounts Payable Notes Payable $1,033,110 $1,987,233 2022 $1,673,992 $2,438,271 $2,707,102 $4,425,504 Long Term Debt $9,242,830 $11,468,302 Total Liabilities $11,949,932 $15,893,806 Common Stock ($0.50 par) $1,300,000 $1,600,000 Capital Surplus $1,148,120 $1,800,969 Retained $2,764,493 $4,434,578 Earnings $17,162,545 $23,729,353
hank ary tor The Statement of Financial Position for the Volks Company prepared in 2019 report the following balances: January 1 330,000.00 200,000.00 740,000.00 1,600,000.00 120,000.00. December 31 Cash 750,000.00 Notes Receivable 210,000.00 Accounts Receivable 950,000.00 Inventory Prepaid expenses Investment (at cost) Equipment 1,500,000.00 100,000.00 100,000.00 1,200,000.00 400,000.00 1,000,000.00 580,000.00 750,000.00 30,000.00 750,000.00 Notes payable Accounts payable Interest payable Accrued expenses Bonds payable Share capital, P100 par 600,000.00 40,000.00 500,000.00 50,000.00 1,300,000.00 1,500,000.00 600,000.00 1,000,000.00 1,000,000.00 500,000.00 Share Premium Retained Earnings An analysis of cash receipts and disbursements discloses the following: Receipts: Issue of share capital Trade debtors-notes and accounts Note receivable discounted: 800,000 2,950,000 190,000 Face value, P200,000, proceeds 12% one-year note issued to bank, 300,000 250,000 Issued and discounted on…