Cash Cash Equivalents $ 26,500 5,000 Total Current Liabilities 30,000
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Computing the cash ratio
Smythe Banners reported the Following figures in its financial statements:
Compute the cash ratio for Smythe Banners.
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- Read the following statements regarding financial statements. Select the correct statement(s). A. The income statement of a company indicates whether it is making or losing money during a financial period. B. The cash flow statement provides information on how the company generated cash and how the used its cash during the reporting period. company C. A company's working capital is the current liabilities minus the current assets of the company. D. The earnings per share (EPS) can be calculated from information provided by the financial statements by dividing earnings available to common stockholders (shareholders) by the number of shares of common stock outstanding. Mark for Review What's This?Subject:With the help of accounting ratios, Critically analyse the Profitability performance of the Apple company.
- Required information [The following information applies to the questions displayed below.] Consider the following balance sheet and income statement for Mmm Good Foods Incorporated (the company that operates Tasty Fried Chicken and Pizza Party), in condensed form, including some information from the cash flow statement: (amounts are millions) Balance Sheet Cash and short-term investments Accounts receivable Inventory Other current assets Long-lived assets Total assets Current liabilities Total liabilities Shareholders' equity Total liabilities and equity Income Statement Sales Cost of sales Gross margin Earnings before interest and taxes Interest Taxes Net income Share price Earnings per share Number of outstanding shares (millions) Cash Flows Cash flow from operations Capital expenditures Dividends Mmm Good Foods Incorporated 2019 2018 $743 623 $ 443 597 161 3,704 $ 5,231 $ 1,541 13, 247 (8,016) $ 5,231 $ 5,597 1,235 $ 4,362 $ 1,859 486 79 $ 1,294 $ 102 4.23 300 $ 1,315 196 511 167…Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. GOLDEN CORPORATION Comparative Balance Sheets December 31 Current Year Prior Year Assets Cash $ 171,000 $ 114,700 Accounts receivable 93,500 78,000 Inventory 611,500 533,000 Total current assets 876,000 725,700 Equipment 353,800 306,000 Accumulated depreciation—Equipment (161,500) (107,500) Total assets $ 1,068,300 $ 924,200 Liabilities and Equity Accounts payable $ 101,000 $ 78,000 Income taxes payable 35,000 28,600 Total current liabilities 136,000 106,600 Equity Common stock, $2 par value…The following information is available for Davis Company and Bender Inc.: Account Cash Cash equivalents Current notes receivable Accounts receivable Prepaid expenses Inventory Fixed assets Accumulated depreciation-Fixed assets Accounts payable Current accrued liabilities Mortgage payable Equity Total Davis Company Dr. $321 88 56 603 55 714 920 $2,757 Davis Company Cr. $415 260 213 917 952 $2,757 Bender Inc. Dr. $425 95 46 307 85 898 755 $2,611 a. Compute the quick ratio for each company. Round ratios to two decimal places. Bender Inc. Cr. $225 198 149 824 1,215 $2,611
- Evaluate and comment on businesses financial performance by calculating and analysing 2 profitability, liquidity and solvency ratios based on the information from financial statements Consider whether certain aspects (profitability, liquidity or solvency) can be improved and if so, how? (300 words)The regular financial statements in which every line has been divided by the sales for the year. Cash flow statement Common size statement Balance sheet Not choice given Income statementB Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets. Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Cash dividends paid 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Debt to assets ratio Walmart Inc. Income Statement Data for Year Times interest earned Target Corporation Return on common stockholders' equity Free cash flow $66,900 44,000 14,400 750 (95) 1,500 $6,155 $17,000 26,800 $43,800 Balance Sheet Data (End of Year) $10,000 17,300 16,500 $43,800 13,400 10,000…
- 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 $39,569 Accounts receivable (net) 29,417 Merchandise inventory 30,907 Property, plant, and equipment 219,211 Total assets $319,104 Liabilities and Stockholders' Equity Current liabilities $66,051 Long-term liabilities 93,607 Stockholders' equity—common 159,446 Total liabilities and stockholders' equity $319,104 Income Statement Sales $93,952 Cost of merchandise sold (37,581) Gross profit $56,371 Operating expenses (26,268) Interest expense (4,698) Net income $25,405 Number of shares of common stock outstanding 6,014 Market price per share of common stock $31 Total dividends paid $8,800 Net cash flows from operating activities…oped Dok H Int 0 ence [The following information applies to the questions displayed below] Forten Company's current year Income statement, comparative balance sheets, and additional Information follow. For the year. (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of Inventory are on credit, and (4) all debits to Accounts Payable reflect Sens cash payments for Inventory. FORTEN COMPANY Income Statement For Current Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses (excluding depreciation) Depreciation expense Other gains (losses) Loss on sale of equipment Income before taxes Income taxes expense Net income Assets Cash FORTEN COMPANY Comparative Balance Sheets December 31 Accounts receivable Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Long-term notes payable Total liabilities…Which financial statement would show the revenues of the company for the year? Group of answer choices Statement of Shareholders' Equity Income Statement Balance Sheet Statement of Cash Flows
