Cash $ 30,000Marketable securities $ 25,000Accounts Receivable Inventory Total current Assets Net Fixed Assets Total Assets Accounts Payable $ 120,000Short-term Notes Payable Accrued Liabilities $ 20,000Total Current Liabilities Long-Term Debt Total Debt Stockholder's Equity $ 600,000Total Liabilites and Equity Assumptions: Sales = $1,825,000 Gross profit margin = 30%Inventory Turnover = 7.0365 days per year DSO = 40 days Current ratio = 1.40 Total Asset Turnover = 1.25 Complete the Balance Sheet below based on the given information

The balance sheet is a statement of assets, liabilities and stockholders' equity at a particular…

Answered: Cash $ 30,000 Marketable…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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Find the below: Cash ratio                                  Inventory turnover                             EPS                                         Total asset turnover Debt ratio                                  Debt-to-equity ratio Times interest earned                ROI Net profit margin                      ROE Market price/Book value        P/E BALANCE SHEET               ASSETS                                                         LIABILITIES & STOCKHOLDERS EQUITY Cash                                  $ 1,500                               Accounts payable                  $12,500 Marketable securities            2,500                               Notes payable                         12,500 Accounts receivable            15,000                               Total current liabilities         $25,000 Inventory                            33,000                               Long-term debt                       22,000 Total current assets…
Balance sheet Cash                                                                              Current liability Accounts receivable                                                  Long-term debt                     120,000 Inventories                                                                  Common stock Fixed assets                                                                 Retained earnings                  195,000 Total assets           $ 600,000                                     Total liabilities and equity Sales                                                                             Cost of good sold Current ratio:2.00 X Fixed assets turnover 3.00 X Inventory turnover 5.00 X Days sales outstanding 36.5 days Total assets turnover 1.5 X Gross profit margin on sales: = 30%
Based upon the information given below, calculate the following: Cash ratio                                  Inventory turnover                                  EPS                                    Total asset turnover Debt ratio                                  Debt-to-equity ratio Times interest earned                ROI Net profit margin                      ROE Market price/Book value             P/E Average Collection Period BALANCE SHEET             ASSETS                                                         LIABILITIES & STOCKHOLDERS EQUITY Cash                                  $ 1,500                               Accounts payable                  $12,500 Marketable securities            2,500                               Notes payable                         12,500 Accounts receivable            15,000                               Total current liabilities         $25,000 Inventory                            33,000                               Long-term…
Complete the following balance sheet using the given information: Debt ratio =50%. Total assets turnover = 1.5, current ratio =1.8, DSO = 36.5 days, gross profit margin on sales [(sales – cost of goods sold)/sales] = 25%, Inventory turnover ratio = 5. ASSETS ($) LIABILITIES & EQUITY ($) Cash Acccounts Payable Accounts Receivable Long Term Debt 60,000 Inventories Common Stock Fixed Assets __________ Retained Earnings 97,500 Total Assets 300,000 Total Liabilities & Equity ………..
ces Income statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (interest rate: 12%) Common stock ($5 par value, 7,500 shares outstanding) Retained earnings Total liabilities and stockholders' equity Return on assets Total asset turnover Net profit margin % Year 2 % $ 220,000 119,500 100,500 59,000 41,500 11,000 $ 30,500 $7,000 15,500 43,000 49,500 $ 115,000 $ 17,500 46,500 37,500 Year 11 $ 174,500 103,000 71,500 54,500 17,000 5,500 $ 11,500 2. Compute return on assets, total asset turnover, and the net profit margin for Year 2. Note: Round your answers to 2 decimal places. $ 8,500 19,500 38,400 41,000 $ 107,400 $ 18,500 46,500 37,500 4,900 13,500 $ 115,000 $ 107,400
complete the balance sheet Assets Liabilities & Equity Cash $ 100,000 Current Liabilities Receivables Long Term Debt 0 Inventory Total Debt Plant Common Equity $ 600,000 Total Assets Total Claims Additional Information: Current Ratio is 2.5 ; Average Collection Period is 54 days; Total Debt to Total Assets 40 percent ; Total Asset Turnover is 2 ; Inventory Turnover 5
Cash Accounts receivable (net) Inventories Plant assets (net) Accounts payable Income taxes payable Bonds payable 10% Preferred stock, $50 par Common stock, $10 par -in capital in excess of par y Retained earnings Net credit sales Cost of goods sold Operating expenses Net income 1,500/7,200 1,300/7,200 2021 2020 $1,500,000 $1,000,000 o 1,500/8,000 1,300/8,000 December 31 " 1,600,000 2,600,000 7,000,000 1,100,000 200,000 1,400,000 2,000,000 2,400,000 1,600,000 4,000,000 12,800,000 8,400,000 2,900,000 1,500,000 67. The return on common stock holders' equity for 2021 is 1,200,000 2,200,000 6,500,000 800,000 100,000 Additional information: Depreciation included in cost of goods sold and operating expenses is $1,220,000. On May 1, 2021, 60,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2021. 1,400,000 2,000,000 1,800,000 1,300,000 3,500,000
We are given the following information for the Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $ 2,880,000 188,000 890,000 811,000 1.35 times 2.30 times a. Accounts receivable b. Marketable securities c. Fixed assets d. Long-term debt 40 % 5 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Lienser Fraktala TAMARA TANT RISHI TRITATE FAST JET PARETSTRANS I nemal osted or annemangen MANENBER HAGPAINT MANSION LARPURCO Calculate the following balance sheet items. (Do not round intermediate calculations. Round your final answers to the nearest whole number.)
Based upon the information given below, calculate the following: Current ratio Acid test Accounts receivable turnover ratio Cash ratio Inventory turnover EPS Total asset turnover Debt ratio Debt-to-equity ratio Times interest earned ROI Net profit margin ROE Market price/Book value P/E BALANCE SHEET ASSETS LIABILITIES & STOCKHOLDERS EQUITY Cash $ 1,500 Accounts payable $12,500 Marketable securities 2,500 Notes payable 12,500 Accounts receivable 15,000 Total current liabilities…
The financial statements of Stone Limited for the most recent two years is shown below. Extract from statement of profit or loss for the year ended 30 April 2019 2018 £'000 £'000 224,000 195,000 (169,200) (136,500) 54,800 58,500 (32,700) (38,040) (10,900) (12,680) (1.900) 9,300 Revenue Cost of sales Gross profit Administrative costs Distribution cost Finance cost-loan note interest Statement of financial position as at 30 April. Assets Non-current assets Current assets: Inventory Trade receivables Cash balance Total assets Equity and liabilities Ordinary share capital Retained earnings £'000 2019 12,800 24,600 1,600 £'000 37,000 39,000 76,000 16,000 26,200 42,200 (1.380) 6,400 2018 £'000 £'000 28,600 9,800 21,600 2,400 33,800 62.400 16,000 18,600 34,600
calculate: Debt ratio Interest coverage ratio Dividend yield current asset- 1.170.7 million inventory- 859.9 million currant liability- 885.8 million total dedt- 1.598.8 million total assets- 2.452.3 million operating profit- 1.230.5 million interest expense- 10,700 thousand
Current Attempt in Progress Aspect Ltd has the following balance sheet figures. The current ratio is: Total current assets $450 000 Total current liabilities Inventory Bank overdraft O 2:1. O 1.67:1. 3.75:1. 3:1. Save for Later 150 000 200 000 30 000

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Managerial Accounting

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9781337912020

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Cash		$ 30,000
Marketable securities	$ 25,000
Accounts Receivable
Inventory
Total current Assets
Net Fixed Assets
Total Assets

Accounts Payable		$ 120,000
Short-term Notes Payable
Accrued Liabilities		$ 20,000
Total Current Liabilities
Long-Term Debt
Total Debt
Stockholder's Equity		$ 600,000
Total Liabilites and Equity

Assumptions:
Sales = $1,825,000
Gross profit margin = 30%
Inventory Turnover = 7.0
365 days per year
DSO = 40 days
Current ratio = 1.40
Total Asset Turnover = 1.25