Activity 1 Draw up Kelly's balance sheet as at 30 June 2008 from the following information. $ Office Machinery 9000 Accounts Payable 900 Stock of goods 1550 Accounts Receivable 275 Cash at bank 5075 Loan from C. Smith 2000 Calculate capital using the formula from the accounting equation

Don't use chatgpt, I will 5 upvotes Prezas Company's balance sheet showed total current assets of $3,250, all of which were required in operations. Its current liabilities consisted of $975 of accounts payable, $600 of 6% short- term notes payable to the bank, and $250 of accrued wages and taxes. What was its net operating working capital?

Question Content Area The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Use this information to answer the question that follow. Assets Cash and short-term investments $30,000  Accounts receivable (net) 20,000  Merchandise inventory 15,000  Property, plant, and equipment 185,000  Total assets $250,000    Liabilities and Stockholders' Equity Current liabilities $45,000  Long-term liabilities 70,000  Stockholders' equity—common 135,000  Total liabilities and stockholders' equity $250,000    Income Statement Sales $85,000  Cost of merchandise sold 45,000  Gross profit $40,000  Operating expenses (15,000) Interest expense (5,000) Net income $20,000  Number of shares of common stock outstanding   6,000 Market price per share of common stock   $20 Total dividends paid   $9,000 Net cash flows from operating…

From the following details prepare a summarized balance sheet of Anitha and Company as on 31.12.2018. Fixed assets to net-worth: 0.75:1 Current ratio 2:1 Liquid ratio 3:2 Reserves included in Proprietors" Fund 1:4 07 Page 2 of 4 Current Liabilities Rs.2, 00, 000 Cash and bank balancesRs .10,000 Fixed Assets Rs.6,00,000.

Problem 4-15 Lloyd Inc. has sales of $200,000, a net income of $15,000, and the following balance sheet: ASSETS Cash Receivables Inventories Total Current assets Net fixed assets Total assets AMOUNT LIABILITIES & EQUITY $10,000 Accounts Payables 50,000 Notes Payable to bank 150,000 Total current liabilities $210,000 Long-term debt 90,000 Common Equity $300,000 Total Liabilities and Equity AMOUNT $30,000 20,000 $50,000 50,000 200,000 $300,000 The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry average, 2.53, without affecting sales or net income. If inventories are sold and not replaced (thus reducing the current ratio to 2.53), if the funds generated are used to reduce common equity (stock can be repurchased at book value), and if no other changes occur, by how much will the ROE change? What will be the firm's new quick ratio? Problem 4-1 Baxley Brothers has a DSO of 23 days, and its annual sales are…

son.1   Prezas Company's balance sheet showed total current assets of $5,250, all of which were required in operations. Its current liabilities consisted of $1,040 of accounts payable, $600 of 6% short-term notes payable to the bank, and $310 of accrued wages and taxes. What was its net operating working capital?   a. $3,900     b. $4,650     c. $1,350     d. $1,950     e. $3,300

QUESTION 4 Based on the following information,. Purchase of investments $ 390 Dividends paid 262 Interest paid 85 Additional borrowing from bank 570 The cash flows from financing activities under GAAP would $

Privett Company Accounts payable Accounts receivable Accrued liabilities Cash $36,632 72,986 6,134 15,305 38,400 71,968 119,728 79,667 31,336 20,560 662,428 2,681 Based on the data for Privett Company, what is the amount of quick assets? Oa. $119,627 Ob. $781,037 Oc. $46,641 Od. $1,601,593 Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses

Based on the following information,. Purchase of investments         $ 434   Dividends paid                            278   Interest paid                                69  Additional borrowing from bank         565  The cash flows from financing activities under GAAP would $______