Accounting equation Inspiring U is a motivational consulting business. At the end of its accounting period, December 31, 2012, Inspiring U has assets of $746,000 and liabilities of $179,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 2012. $$ 567,000 b. Stockholders' equity as of December 31, 20Y3, assuming that assets increased by $142,000 and liabilities increased by $43,000 during 2013. X
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- The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows: Includes both state and federal taxes. Brief Exercise 15-20 Calculating the Average Common Stockholders Equity and the Return on Stockholders Equity Refer to the information for Somerville Company on the previous pages. Required: Note: Round answers to four decimal places. 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.Accounting equationInspirational Inc. is a motivational consulting business. At the end of itsaccounting period, October 31, 2017, Inspirational has assets of$5,250,000 and liabilities of $1,600,000. Using the accounting equationand considering each case independently, determine the followingamounts: . A. Stockholders' equity as of October 31, 2017.. B. Stockholders' equity as of October 31, 2018, assuming that assetsincreased by$800,000 and liabilities increased by $330,000 during2018.. C. Stockholders' equity as of October 31, 2018, assuming that assets decreased by $600,000 and liabilities increased by $140,000 during2018.. D. Stockholders' equity as of October 31, 2018, assuming that assetsincreased by $440,000 and liabilities decreased by $90,000 during2018, . E. Net income (or net loss) during 2018, assuming that as ofOctober 31, 2018, assets were $6, 140,000, liabilities were$1,950,000, and no additional common stock was issued ordividends paid.Use the following selected financial information for Cascabel Corporation to answer questions Cascabel Corporation Balance Sheet December 31, 2015 Assets Liabilities and stockholders' equity Current assets Current liabilities Cash 2 Accounts payable 36 Short-term investments 10 Accrued liabilities 25 Accounts receivable 52 Total current liabilities 61 Inventory 57 Other current assets 8 Long-term debt 102 Total current assets 129 Total liabilities 163 Long-term assets Stockholders' equity Net Plant 195 Common stock (10) 110 Retained earnings 51 Total stockholders'…
- Use the following selected financial information for Cascabel Corporation to answer questions Cascabel Corporation Balance Sheet December 31, 2015 Assets Liabilities and stockholders' equity Current assets Current liabilities Cash Accounts payable Accrued liabilities 2 36 Short-term investments 10 25 Accounts receivable 52 Total current liabilities 61 Inventory 57 Other current assets Long-term debt 102 Total current assets 129 Total liabilities 163 Long-term assets Stockholders' equity Net Plant 195 Common stock 110 Retained earnings Total stockholders' equity Total liabilities and equity 51 161 324 Total assets 324 Cascabel Corporation Income Statement For the Year Ended December 31, 2015The Accountant of All is Well Enterprise who is an HND Graduate prepared a trend report for his CEO who is a non accountant and required your assistance to provide a seasoned analysis with explanatory comments on the Statement of Financial Position from 2009 to 2013 as shown below. TREND ANALYSIS 2009-10 2010-11 2011-12 2012-13 2009-10 2010-11 2011-12 2012-13 GHC GHC GHC GHC % % % % CURRENT ASSETS CASH 200 240 400 220 100 120 200 110 BANK 260 300 200 240 100 115 76.9 92 DEBTORS 400 600 1000 1600 100 150 250 400 STOCK 800 1200 1800 2000 100 150 225 250 NON CURENT ASSETS Building 1000 1200 1200 1200 100 120 120 120 Plant and Machinery 2000 2400 2400 2800 100 120 120 140 4660 5940 7000 8060 100.00 127 150 173 Required; As a financial analyst you are required to produce a detailed commentary on the TREND shown in the statement of financial position above.ACCOUNTING Carry out the following practical case: The company “Inversiones San Remo SAC”, with RUC: 20234125239, began activities in 2005, is dedicated to the manufacture of curtains, operates in its own premises located in La Victoria, has 33 employees (monthly average), and According to the General Shareholders' Meeting, in 2018 they calculated the dividend distribution of 40%. They request to assemble the Financial Statements with the following information: Prepare the 2018 Income Statement. Prepare the Statement of Financial Position 2017 and 2018. Statement of Cash Flow for the year 2018. Direct method Perform the acid test calculation, the two periods and explain what the results found mean Notes to the Financial Statements: Selling expenses correspond to depreciation expenses for 2018. Administrative expenses corresponding to payroll expenses (salaries) for the 2018 financial year. Financial income corresponds to earnings from the profitability of cash surpluses that…
- ACCOUNTING Carry out the following practical case: The company “Inversiones San Remo SAC”, with RUC: 20234125239, began activities in 2005, is dedicated to the manufacture of curtains, operates in its own premises located in La Victoria, has 33 employees (monthly average), and According to the General Shareholders' Meeting, in 2018 they calculated the dividend distribution of 40%. They request to assemble the Financial Statements with the following information: Prepare the Statement of Financial Position 2017 and 2018. Notes to the Financial Statements: Selling expenses correspond to depreciation expenses for 2018. Administrative expenses corresponding to payroll expenses (salaries) for the 2018 financial year. Financial income corresponds to earnings from the profitability of cash surpluses that the company had in the 2018 period. Financial expenses for the 2018 period correspond to interest paid on working capital loans. Make all the discounts by law that you consider for…Check my work Casello Mowing & Landscaping's year-end 2018 balance sheet lists current assets of $435,200, fixed assets of $550,800, current liabilities of $416.600, and long-term debt of $314,500. Calculate Casello's total stockholders' equity. (Enter your answer In dollars. Round your answer to the nearest dollar amount.) Total stockholders' equity Prev 1 of 5 Next > 12:15 PM 62°F Mostly cloudy E 10/30/2021 pe here to search DELMotorola Credit Corporation's annual report: Net revenue (sales) Net earnings Total assets Total liabilities Total stockholders' equity a. Find the total debt to total assets ratio. Note: Round your answer to the nearest hundredth percent. Total debt to total assets Return on equity b. Find the return on equity ratio. Note: Round your answer to the nearest hundredth percent. (dollars in millions) $ 297 163 2,175 1,880 295 Asset turnover c. Find the asset turnover ratio. Note: Round your answer to the nearest cent. Profit margin % % % d. Find the profit margin ratio on net sales. Note: Round your answer to the nearest hundredth percent.
- Examine the following selected financial information for Best Value Corporation and Modern Stores, Inc., as of the end of their fiscal years ending in 2018: Data table (In millions) Best Value Corporation Modern Stores, Inc. 1. Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . $15,256 $203,110 2. Total common stockholders' equity. . . . . $3,075 $71,460 3. Operating income. . . . . . . . . . . . . . . . . . . . $1,350 $26,820 4. Interest expense. . . . . . . . . . . . . . . . . . . . . . $88 $2,020 5. Leverage ratio. . . . . . . . . . . . . . . . . . . . . . . . 6. Total debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. Debt ratio. . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. Times interest earned. . . . . . . . . . . . . . . . . Requirements…The stockholders’ equity of Kowalski Company at the beginning and end of 2018totaled $122,000 and $140,000, respectively. Assets at the beginning of 2018 were $149,000. Ifthe liabilities of Kowalski Company increased by $69,000 in 2018, how much were total assetsat the end of 2018? Use the accounting equation.a. $218,000b. $62,000c. $236,000d. $220,000The balance sheets of HR, Inc. reports total stockholders' equity of $500,000 and $650,000 at the beginning and end of the year, respectively. The return on equity for the year is 20%. What is HR's net income for the year? Select one: a. $2,875,000 b. $250,000 c. $130,000 d. $115,000 e. $100,000