A company reports the following amounts: Assets = $6,400; Liabilities = $4,000; Stockholders' equity = $2,400; Dividends = $500; Revenues = $5,200; and Expenses = $2,200. What amount is reported for net income? Net income
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- Hoya Corporation reports the following amounts: Assets = $16,400; Liabilities = $1,400; Stockholders’ equity = $15,000; Dividends = $1,400; Revenues = $13,800; and Expenses = $10,400. What amount is reported for net income?Given the following Balance Sheet and Income Statement information Balance Sheet $1,338,185 Total Liabilities: $549,219 Total Assets: Income Statement Earnings Before Income Tax: $211,636 Income Tax Expense: What is the Return on Equity? $42.717The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property, plant, and equipment (net) $1,426,600 Liabilities: Current liabilities $205,000 Note payable, 6%, due in 15 years 1,019,000 Total liabilities $1,224,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during $1,224,000 year) Common stock, $10 par (no change during year) 1,224,000 Retained earnings: Balance, beginning of year $1,306,000 Net income 571,000 $1,877,000 Preferred dividends $48,960 Common dividends 196,040 245,000 Balance, end of year 1,632,000 Total stockholders' equity $4,080,000 Sales $27,926,100 Interest expense $61,140
- The following items are reported on a company's balance sheet: Cash $112,300 Marketable securities 131,400 Accounts receivable (net) 45,200 Inventory 170,000 Accounts payable 270,000. Determine the current ratio ?Debt-to-Total-Assets RatioRuby Company’s balance sheet reports the following totals: Assets = $40,000; Liabilities = $25,000; Stockholders’ Equity = $15,000. Determine the company’s debt-to-total-assets ratio.What is the Days Payables Outstanding? Use the attached financial data to calculate the ratios. Round to the nearest decimal. Abercrombie & Fitch Co (ANF) Financial Data Revenues Cost of Sales Total Operating Expenses Interest Expense Income Tax Expense Diluted Weighted Shares Outstanding Cash + Equivalents Accounts Receivable Inventories Total Current Assets Total Assets Accounts Payable Total Current Liabilities Total Stockholders' Equity ANF Stock Price = $10.30 Select one O A. 42.3 days, 37.0 days OB. 76.1 days, 89.4 days OC. 89.4 days, 37.0 days OD. 76.1 days, 97.7 days 2022 $3,659.3 $1,545.9 $2,026.9 $28.5 $37.8 52.8 $257.3 $108.5 $742.0 $1,220.4 $2,694.0 $322.1 $935.5 $656.1 2021 $3,712.8 $1,400.8 $1,968.9 $34.1 $38.9 62.6 $823.1 $69.1 $525.9 $1,507.8 $2,939.5 $374.8 $1,015.2 $826.1
- Required: 1. Calculate the total current assets at December 31, 2021. 2. Calculate the total liabilities and stockholders' equity at December 31, 2021. 3. Calculate the earnings from operations (operating income) for the year ended December 31, 2021. 4. Calculate the net income (or loss) for the year ended December 31, 2021. 5. What was the average income tax rate for the company for 2021? 6. If 48,000 of dividends had been declared and paid during the year, what was the January 1, 2021, balance of retained earnings? Assume that all balance sheet items reflect account balances at December 31, 2021 of ABC Ind, and that all income statement items reflect activities that occurred during the year then ended. Accounts receivable Depreciation expense Land Cost of goods sold Retained earnings Cash Equipment Supplies Accounts payable Service revenue Interest expense Common stock Income tax expense Accumulated depreciation Long-term debt Supplies expense Merchandise inventory Net sales 99,000…Wichita, Incorporated reported the following amounts on its financial statements prepared as of the end of the current accounting period: Revenues Expenses Net Income Current Assets Long-term Assets. Total Assets Current Liabilities Long-term Liabilities Total Liabilities Common Stock Retained Earnings. Total Equity Total Liabilities and Equity What is the company's debt-to-assets ratio? $230,000 219,600 $ 65,000 195,000 $ 50,000 95,000 $ 55,000 60,000 $ 10,400 $260,000 145,000 115,000 $260,000 4You find the following financial information about a company: net working capital = $7, 809; total assets $11,942; and long-term debt Multiple Choice $9, 115 $4, 507 $10, 339 $6, 129 $4, 133 = = = $1, 287; fixed assets $4,589. What is the company's total equity?
- A common-size balance sheet shows the firm's assets and liabilities as a percentage of ____. a. stockholders' equity b. total assets c. industry averages d. net salesThe classified balance sheet for a company reported current assets of $1,688,830, total liabilities of $800,540, Common Stock of $1,010,000, and Retained Earnings of $131,260. The current ratio was 2.6 What is the total amount of noncurrent assets?You find the following financial information about a company: net working capital = $1,071; fixed assets $7,297; total assets = $11,686; and long-term debt = $4,381. What is the company's total equity? Multiple Choice $3,987 $8,539 $4,389 $6,457 $9,387