Answered: compute the amount of liabilities for…

Name: compute the amount of liabilities for December 31 2018. assets for 201
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: compute the amount of liabilities for December 31 2018. assets for 2018 119,000. december 2019 assets 113,000. liabilities 70,000.stock issuance 6,500. net income 20,000. cash dividends 11,000.

Business

Accounting

compute the amount of liabilities for December 31 2018. assets for 2018 119,000. december 2019 assets 113,000. liabilities 70,000.stock issuance 6,500. net income 20,000. cash dividends 11,000.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...

See similar textbooks

Similar questions

Consider the following information taken from GER's financial statements: September 30(in thousands) 2020 2019 Current assets: Cash and cash equivalents $1,274 $6,450 Receivables 30,071 16,548 Inventories 31,796 14,072 Other current assets 4,818 2,620 Total current assets $67,959 $39,690 Current liabilities: Current portion of long-term debt $97 $3,530 Accounts payable 23,124 11,228 Accrued compensation costs 5,606 1,929 Accrued expenses 9,108 5,054 Other current liabilities 874 777 Total current liabilities $38,809 $22,518 Also, GER's operating cash flows were $11,255 and $13,736 in 2020 and 2019, respectively. Round your answers to two decimal places. 2. Calculate the quick ratios for 2020 and 2019. Quick Ratio 2020 ?? 2019 ?? 3. Calculate the cash ratios for 2020 and 2019. Cash Ratio 2020 ?? 2019 ?? 5. Conceptual Connection: What are some reasons why GER's…
compute the amount of stock issuance for December 2019 assets 85000. liabilities 24000. net income 14000. cash dividends 0. December 2018 assets 60,000. liabilities 40,000
Below is the balance sheet for Northern Comfort Company for December 31 of 2019 and 2020. 2019 2020 2019 2020 Cash 900 1,000 Accounts payable 2,700 3,000 Accounts receivable 2,700 3,000 Current liabilities 2,700 3,000 Inventory 2,700 3,000 Long-term debt 5,400 6,000 Current assets 6,300 7,000 Total liabilities 8,100 9,000 Net fixed assets 11,700 13,000 Equity 9,900 11,000 Total assets 18,000 20,000 Total liab. & equity 18,000 20,000 The income statement for 2020 is also given: Amount Sales 48,000 Cost 26,400 Depreciation 4,800 EBIT 16,800 Interest 4,800 Taxes 3,000 Net income 9,000 The company paid $7,900 in dividends to shareholders at the end of the year. The company has not made any investments in other companies. What was the cash flow from operating activities? What was the cash flow from long-term investing activities? What was the cash flow from financing activities? What was the net cash flow for the…
how to determine net income for december 2019 if i am given cash dividends of 2000. stock issuence of 1400. liabillties of 26,500. assets of 40000. the decmber 2018 assets 34000. liabilities of 21,500 are also given.
You have compiled the following information on Winslow, Inc.: 2019 2020 Assets Cash $ 298 $ 306 Accounts receivable 3,006 3,422 Inventory 5,210 5,650 Net fixed assets 32,780 36,400 Total assets $ 41,294 $ 45,778 Liabilities and Equity Accounts payable $ 6,219 $ 6,184 Other current liabilities 1,880 1,625 Long-term debt 17,951 21,991 Stockholders’ equity 15,244 15,978 Total liabilities and equity $ 41,294 $ 45,778 Sales $ 11,418 Cost of goods sold 6,320 General and administrative 2,419 Depreciation 967 EBIT $ 1,712 Interest 230 EBT $ 1,482 Taxes 519 Net income $ 963 What is the cash flow to creditors for 2020?
Use the table for the question(s) below. Consider the following balance sheet: Luther Corporation Consolidated Balance Sheet December 31, 2019 and 2018 (in $ millions) Assets 2019 2018 Liabilities and Stockholders' Equity 2019 2018 Current Assets Current Liabilities Cash 63.6 58.5 Accounts payable 87.6 73.5 Accounts receivable 55.5 39.6 Notes payable / short−term debt 10.5 9.6 Inventories 45.9 42.9 Current maturities of long−term debt 39.9 36.9 Other current assets 6.0 3.0 Other current liabilities 6.0 12.0 Total current assets 171.0 144.0 Total current liabilities 144.0 132.0 Long−Term Assets Long−Term Liabilities Land 66.6 62.1 Long−term debt 239.7 168.9 Buildings 109.5 91.5 Capital lease obligations −−− −−−…
The following data were taken from Mesa Company's balance sheet: Dec. 31, 2019 Dec. 31,2018 $518,000 Total liabilities $547,800 Total owner's equity 415,000 370,000 a. Compute the ratio of liabilities to owner's equity b. Has the creditor's risk increased or decreased from December 31, 2018, to December 31, 2019?
Selected balance sheet accounts for Tibbetts Company on September 30, 2019. are as follows: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses $ 48,000 87,000 129,000 135, 000 21,000 Total current assetS $420,000 Accounts payable Other accrued liabilities $147,000 33,000 60,000 Short-term debt Total current liabilities $240,000 Required: a. Calculate the working capital, current ratio, and acid-test ratio for Tibbetts Company as of September 30. 2019 b. Summarized here are the transactions/events that took place during the fiscal year ended September 30, 2020. Prepare Journal entries for the below transactions and Indicate the effect of each item on Tibbetts Company's working capital, current ratio, and acid-test ratio. Use + for Increase, - for decrease, and (NE) for no effect. 1. Credit sales for the year amounted to $360,000. The cost of goods sold was $234.000 2 Collected accounts recelvable, $378,000. 3. Purchased inventory on account, $252,000. 4.…
You are provided the following Information of ABC Co.: December 31, 2019 December 31, 2020 Current Assets $56,000 $52,000 73,000 125,000 Long-Term Assets 39,000 95,000 Total Assets Short-Term Notes Payable (current) 19,000 Long-Term Notes Payable Total Liabilities 39,000 15,000 34,000 61,000 22,000 61,000 Stockholders' Equity 64,000 Which of the following statements regarding ABC's current ratio is correct? Multiple Choice The 2020 current ratio of ABC Co, is 133 The liquidity of ABC has improved from 2019 to 2020. The 2019 current ratio of ABC Co. is 279 ABC does not have sufficient current assets to pay its current liabilites in yeers 2019 and 2020
The following information relates to Basic Lid. for the year ended 31" December 2021: Net working capital RO. 1.200.000 Fixed assets to proprietor's fund ratio 0.75 Working capital turnover ratio 5 timeg Return on Equity 15% Current liabilities RO. 400.000 Long term Debts 0 You are required to calculate: Proprietor's funds Fixed Assets Current assets Net profit ratio Current ratio
The following are the summarised financial information of Ting Ltd for the two financial years ended 31 October 2020 are as follows:2019 2020£ million £ millionEquity 2,460.8 1,732.8 Non-current liabilities (Loans) 640.0 800.0 Current liabilities 654.4 1,020.5 Non-current assets 2,804.8 2,367.2 Current assets 950.4 962.4 Revenue 1,601.6 1,509.6 Total expenses 1,444.0 1,492.8 Required:(a) Calculate the following financial ratios for the two years: 2019 and 2020:(i) Current ratio (ii) Capital gearing ratio (iii) Profit margin (b) Comment briefly on the ratios of the company, computed in part (a) over the two year period from 2019 to 2020. (c) Provide any two (2) recommendations on how the company may improve these ratios in the futur.
The following are the Balance sheets of B. Ltd as on 31st December, 2018 and 2019 2018 Rs. 2019 Rs. Assets Liabilities Equity Capital Reserves Depreciation Fund 6% Debentures Creditors 1,00,000 70,000 60,000 50,000 28,000 3,08,280 1,60,000 Fixed Assets 85,300 Inventory 40,000 Debtors Prepaid Expenses 48,000 Bank 3,33,300 The following additional information for the year 2019 are also available (a) Net Profit Rs. 27,050 (b) Depreciation charged Rs. 10,000 (c) Cash Dividend declared during the period Rs. 12,000 Prepare a Funds Flow Statement. 2018 Rs. 2019 Rs. 1,52,000 2,00,000 93,400 89,200 30,800 21,100 3,950 3,000 28,100 20,000 3,08,280 3,33,300