A company has the following balance sheet and income statement for 2013 (In $ thousands). Balance Sheet Income statement Cash 400 Net sales (All credit) 12,680 Account receivable 1,300 Cost of goods sold 8,930 Inventories 2,100 Gross profit 3,750 Current assets 3,800 Selling and administration expenses 2,230 Net fixed assets 3,320 Interest expenses 460 Total assets 7,120 Profit before taxes 1,060 Accounts Payable 320 Taxes 390 Accruals 260 Profit after taxes 670 Short term loans 1,100   Current liabilities 1,680   Long term debt 2,000   Net worth (Equity) 3,440   Total liabilities and net worth 7,120   Note: Current period’s depreciation is $ 480 and ending inventory for 2012 was $ 1,800 On the basis of above information compute and analyse your results a.Working capital ratio b. Quick acid ratio c. Debt to equity ratio

Vockery Market Co.  Balance Sheet   2018 2017 Cash          20,000          24,000 ST Investments          18,000          26,000 Net Accounts Receivable          50,000          78,000 Inventory          70,000          66,000 Prepaid Expenses          12,000          10,000 Total Current Assets        170,000        204,000 PP&E        105,000          85,000 Total  Assets        275,000        289,000       Total Current Liabilities        130,000        120,000       Income Statement:     Net Sales        478,000   Cost of Goods Sold        318,000     Compute the following ratios: Current ratio Acid-test ratio Inventory turnover Days' sales in inventory Days' sales in receivables Gross profit percentage

se the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2014. Cost of Goods Sold    117,000 Inventory   125,000 General & Administrative Expenses   48,000 Net Cash Provided from Financing Activities  48,000 Dividends Paid   16,000 Net Sales  278,000 Selling & Marketing Expense   65,000 Interest Expense   23,000 Income Tax Expense  7,500 Display your answer in the same exact fashion as how the numbers above are shown (i.e. 12,345)

Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2024 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable $1,100,000 610,000 55,000 45,000 PEACH COMPUTER Selected Balance Sheet Data December 31 2024 $107,000 45,500 80,000 3,500 50,000 5,500 2023 $87,500 51,500 57,500 6,000 39,500 12,500 $1,925,000 1,810,000 $115,000 Increase (I) or Decrease (D) $19,500 (I) (D) 6,000 22,500 (I 2,500 (D) 10,500 (I) 7,000 (D)

EMM, Inc. has the following balance sheet:   EMM, Incorporated Balance Sheet as of 12/31/X0 Assets   Liabilities and Equity Cash $ 1,200   Accounts payable $ 4,900 Accounts receivable   8,900   Bank note payable   7,700 Inventory   6,100         Long-term assets   4,400   Equity   8,000   $ 20,600     $ 20,600     It has estimated the following relationships between sales and the various assets and liabilities that vary with the level of sales:   Accounts receivable = $3,560 + 0.35 Sales, Inventory = $2,356 + 0.28 Sales, Accounts payable = $1,449 + 0.20 Sales.   If the firm expects sales of $27,000, what are the forecasted levels of the balance sheet items above? Round your answers to the nearest dollar. Accounts receivable: $   Inventory: $   Accounts payable: $   Will the expansion in accounts payable cover the expansion in inventory and accounts receivable? Round your answers to the nearest dollar. The expansion in accounts payable of $    the total…

The following information is available for Crest Company:   Annual Data 2013 2012 Sales revenue $6,600,000 $6,000,000 Cost of goods sold 4,008,400 3,720,000 Net income 310,300 264,000   Year-End Data Dec. 31, 2013 Dec. 31, 2012 Total assets $2,750,000 $2,360,000 Common stockholders' equity 1,800,800 1,800,000 Calculate the following ratios for 2013:   a. Gross profit percentage   b. Return on sales

Condensed financial data are presented below for the Tulsa Corporation: Accounts receivable Inventory C. d. Total current assets Total assets Current liabilities Long-term liabilities Sales Cost of goods sold Interest expense Net income Tax rate 2021 $277,500 310,000 675,000 800,000 700,000 250,000 200,000 77,500 75,000 1,640,000 985,000 10,000 130,000 25% 2020 $230,000 250,000 565,000 The profit margin used to calculate return on assets for 2021 is (rounded): a. b. 8.9% 16.3% 17.2% 18.3%

Selected balance sheet information and the income statement for Pioneer Industries for the current year are presented below. Selected Balance Sheet Accounts Accounts Receivable Prior Year Current Year $ 24,000 $ 16,000 Inventory 32,000 35,200 Prepaid Rent 1,600 0 Accounts Payable 17,600 22,400 Salaries and Wages 3,200 4,800 Payable 04:23 Depreciation Expense Salaries Expense Income Statement Sales Revenue $ 480,000 Expenses: Cost of Goods Sold 288,000 32,000 48,000 19,200 19,200 17,600 16,000 $ 40,000 Rent Expense Insurance Expense Interest Expense Utilities Expense Net Income Required: Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Enter any deductions and cash outflows as a negative value.) Pioneer Industries Cash Flows from Operating Activities Adjustments to reconcile net income to net cash provided by operating activities: Changes in current assets and current liabilities: $ 0

The following information relates to SE10-5 through SE10-7: (in millions) Net sales... Cost of goods sold SE10-7. Gross profit. Selling and administrative expenses Income from operations Interest expense.. EVANS & SONS, INC. Income Statement For Years Ended December 31, 2019 and 2018 Income before income taxes Income tax expense. Net income (in millions) Assets Current assets Cash and cash equivalents Accounts receivable Inventory.. Other current assets. Total current assets Property, plant, & equipment (net) Other assets. Total Assets Liabilities and Stockholders' Equity Current liabilities. Long-term liabilities. Total liabilities.. EVANS & SONS, INC. Balance Sheet December 31, 2019 and 2018 Stockholders' equity - common. Total Liabilities and Stockholders' Equity.. 2019 9,800 (5,500) 4,300 (2,800) 1,500 (300) $ 1,200 2019 100 900 500 400 2018 1,900 2,600 5,700 $10,200 9,300 (5,200) 4,100 (2,700) (220) (200) $980 $950 1,400 $ (250) 1,150 2018 300 800 650 250 2,000 2,500 5,900 $10,400…

Consider the following financial statement data for Hi-Tech Instruments: For the Year Ended December 31 (Thousands of Dollars, except Earnings per Share) Sales revenue $218,000 Cost of goods sold 133,000 Net income 16,300 Dividends 10,600 Earnings per share $4.15   HI-TECH INSTRUMENTS, INC. Balance Sheets (Thousands of Dollars) Current Year Prior Year Assets     Cash $26,300 $26,000 Accounts receivable (net) 54,000 49,000 Inventory 47,500 51,700 Total Current Assets 127,800 126,700 Plant assets (net) 60,600 58,500 Other assets 23,600 21,800 Total Assets $212,000 $207,000 Liabilities and Stockholders’ Equity     Notes payable—banks $14,000 $14,000 Accounts payable 30,500 26,700 Accrued liabilities 24,500 29,000 Total Current Liabilities 69,000 69,700 9% Bonds payable 48,000 48,000 Total Liabilities 117,000 117,700 Common stock 50,000 50,000 Retained earnings 45,000 39,300 Total Stockholders’ Equity 95,000 89,300…