A comparative statement of financial position for Blue Spruce Industries Inc. follows: BLUE SPRUCE INDUSTRIES INC. Statement of Financial Position December 31, 2023 Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Shareholders' Equity Accounts payable Bonds payable Common shares Retained earnings Total Additional information: 1 2. 3 4. 5. 2023 December 31 $22,800 122,000 234,000 77,000 269,000 (70,300) $654,500 $52,400 163,800 233,000 205,300 $654,500 2022 $35,800 55,600 191,000 125.000 216,000 (43,500) $579,900 $59.500 213,800 183,000 123,600 $579.900 Net income for the fiscal year ended December 31, 2023, was $130,000. Cash dividends of $48,300 were declared and paid. Dividends paid are treated as financing activities. Bonds payable amounting to $50,000 were retired through the issuance of common shares. Land was sold at a gain of $4,000. No equipment was sold during the year.

Oriole Company's income statement contained the following condensed information ORIOLE COMPANY Income Statement For the Year Ended December 31, 2022 Service revenue Operating expenses, excluding depreciation $624.500 Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income Accounts receivable Accounts payable Income taxes payable 2022 $74,400 40.300 Oriole's balance sheets contained the comparative data at December 31, shown below. 12.900 2021 54,600 $61000 27.000 6.400 24.100 $972,000 703,200 268,800 40,100 $228.700 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a-sign e.g.-15.000 or in parenthesis e.g. (15.000))

Provided below are the financial statements for J Ltd.: Income statement Balance Sheet Net sales $984 2021 2020 Assets Cost of goods sold $752 Current assets $452 $354 Depreciation $27 Long-term assets $389 $374 EBIT $205 Total assets $841 $728 Interest expense $25 Liabilities and shareholders' equity Current liabilities $247 $164 Income before taxes $180 Long-term debt $157 $145 Taxes $27 Shareholders' equity $437 $419 Net income $153 Total liabilities and shareholders' equity $841 $728 Calculate economic value added (EVA), assuming cost of capital is 7.5%. (Round all the intermediate calculations and the final answer to 2 decimal places) $131.95 $135.70 $98.40 $129.70

Question 9 Comparative balance sheets of Belch Ltd for 2022 and 2021 are as follows. Assets Current assets Cash Accounts receivable Notes receivable Inventories Total current assets Noncurrent assets Land Machinery Accumulated depreciation Total noncurrent assets Total assets Liabilities and shareholders' equity Current liabilities Accounts payable Interest payable Total current liabilities Long-term debt Total liabilities Belch Ltd Comparative Statement of Financial Position Dec. 31, 2022 Dec. 31, 2021 Shareholders equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity $ 200,000 160,000 70,000 399.000 829,000 525,000 483,000 (143,000) 865,000 $1,694,000 $ 145,000 17,500 162,500 350.000 512,500 650,000 531.500 1.181,500 $1,694,000 $ 188,000 133,000 61,000 326,000 708,000 500,000 238,000 (97,500) 640,500 $1,348.500 $ 153,000 15,000 168,000 200,000 368,000 550,000 430,500 980,500 $1,348,500 Additional information: 1. Net income is…

Is Maness Corporation more or less liquid than the average company in the industry?

Comparative financial statement data for Blossom Company and Oriole Company, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales. Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash common by operating activities Capital expenditures Dividends paid on common stock Weighted-average common shares outstanding Blossom Company Oriole Company 2022 Net Income $2,592,000 1,692,000 407,520 9,980 $ 122,500 496,600 766,000 95,500 157,020 198,720 129,600 51,840 80,000 2022 $892,800 489,600 141,120 4,240 51,840 213,840 201,160 (a) Compute the net income and earnings per share for each company for 2022. (Round Earnings per share to 2 decimal places, eg $2.78) Earnings per share 48,600 58,470 51,840 28,800 21,600 50,000

elected items from Lemus Enterprises 12-31-2019 and 12-31-2018, financial statements are presented below:   2019   2018 Accounts receivable $ 40,000     $ 36,000   Merchandise inventory $ 28,000       35,000   Net sales   190,000       186,000   Cost of goods sold   114,000       108,000   Total assets   425,000       405,000   Total shareholders' equity   240,000       225,000   Net income   32,500       28,000   Lemus's 2019 asset turnover is (rounded): Group of answer choices 3.73. 2.79. 2.24. 0.46.

The following are financial statements of Carla Vista Co.. Carla Vista Co.Income StatementFor the Year Ended December 31, 2022 Net sales   $2,247,500 Cost of goods sold   1,018,500 Selling and administrative expenses   901,000 Interest expense   82,000 Income tax expense   75,000 Net income   $ 171,000   Carla Vista Co.Balance SheetDecember 31, 2022 Assets     Current assets       Cash   $ 56,300   Debt investments   81,000   Accounts receivable (net)   169,500   Inventory   118,900    Total current assets   425,700 Plant assets (net)   574,000 Total assets   $ 999,700 Liabilities and Stockholders’ Equity     Current liabilities       Accounts payable   $ 161,000   Income taxes payable   37,000    Total current liabilities   198,000 Bonds payable   201,880    Total liabilities   399,880 Stockholders’ equity       Common stock   355,000   Retained earnings   244,820…

Vertical Analysis of Balance Sheets Consolidated balance sheets for Winged Manufacturing follow. Winged ManufacturingConsolidated Balance Sheets(dollars in thousands)   December 31 ASSETS 2023 2023 Current assets: Cash and cash equivalents $1,203,488   $676,413   Short-term investments 54,368   215,890   Accounts receivable, net of allowance for doubtful accountsof $90,992 ($83,776 in 2022) 1,581,347   1,381,946   Inventories 1,088,434   1,506,638   Deferred tax assets 293,048   268,085   Other current assets 255,767   289,383   Total current assets $4,476,452   $4,338,355   Property, plant, and equipment: Land and buildings $484,592   $404,688   Machinery and equipment 572,728   578,272   Office furniture and equipment 158,160   167,905   Leasehold improvements 236,708   261,792     $1,452,188   $1,412,657   Accumulated depreciation and amortization (785,088)   (753,111)   Net property, plant, and equipment $667,100   $659,546   Other assets…

Operating data for Sandhill Corporation are presented as follows. 2027 2026 Net sales $827,400 $647,900 Cost of goods sold 525,399 408,177 Selling expenses 124,110 77,748 Administrative expenses 74,466 51,832 Income tax expense 37,233 25,916 Net income 66,192 84,227 Prepare a schedule showing a vertical analysis for 2027 and 2026. (Round percentages to 1 decimal place, e.g. 12.1%.) SANDHILL CORPORATION Condensed Income Statements For the Years Ended December 31 Net sales $ Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income before income taxes Income tax expense Net income 2027 Amount Percent % $ % % % % ' " % % 10 $ % $ Amount 2026 Per