Comparative financial statements for Weaver Company follow:   Weaver Company Comparative Balance Sheet at December 31   This Year Last Year Assets     Cash $ 13 $ 13 Accounts receivable 291 228 Inventory 153 195 Prepaid expenses 9 6 Total current assets 466 442 Property, plant, and equipment 513 433 Less accumulated depreciation (82) (72) Net property, plant, and equipment 431 361 Long-term investments 26 33 Total assets $ 923 $ 836 Liabilities and Stockholders' Equity     Accounts payable $ 301 $ 224 Accrued liabilities 73 79 Income taxes payable 71 65 Total current liabilities 445 368 Bonds payable 195 170 Total liabilities 640 538 Common stock 162 202 Retained earnings 121 96 Total stockholders’ equity 283 298 Total liabilities and stockholders' equity $ 923 $ 836   Weaver Company Income Statement For This Year Ended December 31 Sales   $ 754 Cost of goods sold   447 Gross margin   307 Selling and administrative expenses   220 Net operating income   87 Nonoperating items:     Gain on sale of investments $ 5   Loss on sale of equipment (2) 3 Income before taxes   90 Income taxes   25 Net income   $ 65   During this year, Weaver sold some equipment for $18 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $40 of its own stock. This year Weaver did not retire any bonds.   2. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year.

The following information is from Lacy's Inc. $ millions Prior Fiscal Year Current Fiscal Year Net Year-End Assets Revenue Income $21,330 14,403 $18,955 $1,070 a. Compute the asset turnover ratio for the current fiscal year. b. Compute the return on assets ratio for the current fiscal year. Numerator a. Asset Turnover Ratio $ Check b. Return on Assets Ratio $ Numerator Denominator / $ Denominator / $ || Result Result

Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $272,000 $172,260 Property, plant, and equipment 493,000 440,220 Intangible assets 85,000 25,520 Current liabilities 153,000 76,560 Long-term liabilities 365,500 280,720 Common stock 102,000 102,080 Retained earnings 229,500 178,640 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets $272,000 $172,260 Property, plant, and equipment 493,000 440,220 Intangible assets 85,000 25,520 econ.doox P Type here to search Show all 0 耳 は 2 a 59°F 6:07 AM (Dツ 10/30/2021 2 bp 144 prt sc…

Condensed financial data of Concord Inc. follow. CONCORD INC.Comparative Balance SheetsDecember 31 Assets   2022   2021 Cash   $80,500     $48,700   Accounts receivable   87,900     38,600   Inventory   111,900     102,100   Prepaid expenses   29,400     27,900   Long-term investments   139,800     113,700   Plant assets   284,200     241,900   Accumulated depreciation   (47,700)     (49,100)      Total   $686,000     $523,800                 Liabilities and Stockholders’ Equity             Accounts payable   $106,000     $63,700   Accrued expenses payable   16,500     21,200   Bonds payable   117,100     149,500   Common stock   219,000     175,100   Retained earnings   227,400     114,300      Total   $686,000     $523,800     CONCORD INC.Income StatementFor the Year Ended December 31, 2022 Sales revenue       $382,500 Less:              Cost of goods sold…