Accounting Equation The total assets and total liabilities for a recent year of Best Buy (BBY) and Gamestop (GME) are shown below. Best Buy (in millions) Gamestop (in millions) Assets $22,022 $7,906 Liabilities 14,535 4,325
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Accounting Equation The total assets and total liabilities for a recent year of Best Buy (BBY) and Gamestop (GME) are shown below.
Best Buy (in millions) Gamestop (in millions) Assets $22,022 $7,906 Liabilities 14,535 4,325 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.
Determine the
stockholders' equity of each company.Best Buy $fill in the blank 2 million Gamestop $fill in the blank 3 million
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- Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas where indicated on the worksheet. Check to be sure that your balance sheet balances. Enter your name in cell A1. Save the completed file as MASTER2. Print the worksheet when done. Also print your formulas using fit-to-1 page scaling. Check figures: Borrowing (cell B78), $7,280; forecasted net income (cell D95), $40,200; total assets (cell D105), $507,600.File Tools View UTS MK I GSL 20-21 (19.10.20 -13.30) - Word (Product Activation Failed) W UTS MK I GSL 20-21 (19.10.20 -13.30) * x Document2 Problem 1 Balance Shet Income Statement PT. MaTaHtari PT. MATAH+ari For the year Ended December 31 For the year Ended December 31 2019 2018 ASSET Sales Revenue 10.000.000.000 Cash 550.000.000 700.000.000 Cost of Good Sold 6.400.000.000 Marketable Securities 500.000.000 300.000.000 Gross Profit Account Receivable 700.000.000 550.000.000 Inventory 750.000.000 650.000.00D 3.600000.000 Total Currevt Assit 2.500.000.000 2.200.000.000 Operating Expenses Selling Expenses 200.000.000 Gross Fixed Asset 3.000.000.000 General & Administrative Expenses 150.000.000 4.000.000.000 Less : Accumulated Depreciation Depreciation Expenses 250.000.000 500.000.000 200.000.000 Nett Fred Assit Total Operating Expenses 3.500.000.000 2.800.000.000 600.000.000 Operating Profit TOTAL ASSET 6.000.000.000 5.000.000.000 3.000.000.000 Interest Expenses JABILITIBS E STOCKHOLDER'S…gageNOWv2 | Online teachir X * CengageNOWv2 | Online teachin x om/iln/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre.. eBook Show Me How Long-Term Solvency Analysis The following information was taken from Acme Company's balance sheet: Fixed assets (net) $1,092,000 Long-term liabilities 280,000 Total liabilities 196,000 Total stockholders' equity 980,000 Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity Previous Next Check My Work 11:17 A 67°F Sunny A O E O G 40) 12/3/20 delete ome prt se 84l 144 4+ 6 backscace %D
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- View Assessment se data from Rollaird Live balance sheets, perform a Use Chapter 13 "Financial ture" as a guidance. g your numbers, use whole ation, and one decimal point een in the example below. The ht red if incorrect after clicking bottom right corner). Terminology Matching - Academic Resources EHCS380 Week 4 Horizontal and Vertical Analysis 00 multimedia.phoenix.edu b Answered: Terminology Matching Independent... | bartleby Accounts Receivable Inventory Total Assets DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a vertical analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance. Dec. 31, 2022 460,000 780,000 3,164,000 Example: Dec. 31, 2021 Accounts Receivable 2022 400,000 650,000 2,800,000 NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point for the answer, as seen in the example below. The text box will highlight red if incorrect after clicking the Submit button (bottom right corner).…FINANCIAL MANAGEMENT 1.docx - O Search (Alt+Q) Cel File Home Insert Draw Design Layout References Mailings Review View Help A Share P Comments ... I .. I . 1 . . I . 2. : . . 3 ... L . 4 . . . L. .. 5... I .. 6. . I :7.. | Problem 1. 2. Odette Electronics has 90 operating plants in seven southwestern states. Sales for last year were P100 million, and the statement of financial position at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. Statement of Financial Position (in P millions) Assets Liabilities and Equity Cash..... P2 Accounts payable.... P15 Accounts receivable... 20 Accrued wages.... 2 Inventory.... 23 Accrued taxes. 8 Current assets.. P45 Current liabilities. P25 Fixed assets... 40 Notes payable... 10 Ordinary shares. 15 Retained earnings... 35 Total assets.. P85 Total liabilities and equity.. P85 Odette's has an after-tax…omework E X ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl=https%253A%252F%252Ffayted User Management,.. https://outlook.off.. FES Protection Plan lomework Exercises Saved Select whether each of the following acCcounts normally has a debit balance or a credit balance: 1. Cash Debit 2. Blaine Brownell, Capital Credit 9:36 3. Fees income Credit 4. Accounts payable Credit 5 Supplies Debit 6. Equipment Debit 7. Accounts receivable Debit 8 Salaries expense Debit Address
- Edit View History Bookmarks Profiles Tab Window Help method (Ch. 1)-202 X Bb Microsoft PowerPoint - 2. The x V Top 50 Accountin... a Amazon Seller h. 1) 2 D.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/ 2019 2020 2021 Dividends Income Declared $70,000 $7,100 82,000 14,200 F2 # 3 On December 31, 2019, Akron, Inc., purchased 5 percent of Zip Company's common shares on the open market in exchange for $97,000. $16,200. On December 31, 2020, Akron, Inc., acquires an additional 25 percent of Zip Company's outstanding common stock for During the next two years, the following information is available for Zip Company: 80 Baruch. Newman... F3 4 Common Stock Fair Value $ (12/31) $324,000 388,000 481,000 4 At December 31, 2020, Zip reports a net book value of $288,000. Akron attributed any excess of its 30 percent share of Zip's fair over 2020. book value to its share of Zip's franchise agreements. The franchise…ezto.mheducation.com/ext/map/index.html?_con=con&external_browser%3D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%25 Prepare a December 31, 2020, balance sheet for Long Print Shop from the following: cash, $41,100; accounts payable, $29,100%; merchandise inventory, $15,100; Joe Ryan, capital, $48,200; and equipment, $21,100. LONG PRINT SHOP Balance Sheet December 31, 2020 Assets Liabilities ces Owner's Equity Total assets Total liabilities and owner's equity acer ΣHome Insert Page Layout Formulas Data Review View Help - 10 - A A Insert v Σ Arial ab General EXDelete v BIU $- % 9 0 0 Conditional Format as Cell Sort & Formatting Table - Styles v Format v Filter oard Font Alignment Number Styles Cells Editing fr C D H. The following amounts summarize the financial position of Little Black Dog Inc. on May 31, 2021: В F G IJK L M N O P Q R S V W Assets Liabilities Shareholders' Equity %D Cash + Accounts Computers + + Supplies + Land Accounts + Note Salaries + Interest Common + Retained Receivable (net) Payable Payable Payable Payable Shares Earnings Balance 1820 700 70 8400 5600 2800 2590 During June 2021, the business completed these transactions: June 1: Received cash of $6300 and issued common shares. June 1: Bought two computers for a total of $5600 by paying $1400 down and signing a note payable for the rest. Interest of 5% to be paid with the note payable on June 1, 2022. The computers are expected to last 5 years. June 5: Performed services for…