Condensed financial data of Whispering Company for 2020 and 2019 are presented below. WHISPERING COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019     2020   2019 Cash   $1,830     $1,130   Receivables   1,770     1,290   Inventory   1,620     1,920   Plant assets   1,940     1,680   Accumulated depreciation   (1,190 )   (1,170 ) Long-term investments (held-to-maturity)   1,300     1,410       $7,270     $6,260                 Accounts payable   $1,220     $910   Accrued liabilities   210     260   Bonds payable   1,420     1,530   Common stock   1,890     1,710   Retained earnings   2,530     1,850       $7,270     $6,260     WHISPERING COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue   $7,100 Cost of goods sold   4,760 Gross margin   2,340 Selling and administrative expenses   930 Income from operations   1,410 Other revenues and gains        Gain on sale of investments   80 Income before tax   1,490 Income tax expense   550 Net income   940 Cash dividends   260 Income retained in business   $680 Additional information: During the year, $80 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash flows using the direct method. (Show amounts in the investing and fina

Prepare the 2021 and 2022 common-size balance sheets for Bethesda Mining. Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Liabilities and Owners' Equity Accounts payable Notes payable Total Long-term debt Owners' equity BETHESDA MINING COMPANY Balance Sheets as of December 31, 2021 and 2022 2021 % Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ $ $ LA $ $ EA $ GA $ EA 40,010 60,281 128,441 228,732 GA 657,747 886,479 191,922 87,020 278,942 241,000 $ 214,000 152,537 $ 366,537 886,479 Saved * % $ % % % ote ote % $ % ote ote ote o % $ $ % GA % % GA SA % $ 199,611 % 138,588 % 338, 199 % 177,750 $ $ $ 2022 $ 51,181 80,639 194,689 326,509 SA SA 589,478 915,987 214,000 186,038 400,038 $ 915,987 % % % % % % % % % 1% % dº 60 dº 60 %…

The balance sheets for Mary Company showed the following information. Additional information concerning transactions and events during 2021 are presented below. Mary CompanyBalance Sheet     December 31     2021     2020   Cash   $ 31,209     $ 10,302   Accounts receivable (net)   43,733     20,503   Inventory   35,350     42,420   Long-term investments   0     15,150   Property, plant & equipment   238,865     151,500   Accumulated depreciation   (38,077)   (25,250)     $311,080     $214,625                 Accounts payable   $ 17,170     $ 26,765   Accrued liabilities   21,210     17,170   Long-term notes payable   70,700     50,500   Common stock   131,300     90,900   Retained earnings   70,700     29,290       $311,080     $214,625     Additional data: 1.   Net income for the year 2021, $61,610. 2.   Depreciation on plant assets for the year, $12,827. 3.   Sold the long-term…

es Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2020 and 2021 Partial Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current liabilities Current assets $1,212 $1,315 Net fixed assets 4,980 5,999 Long-term debt PARROTHEAD ENTERPRISES 2021 Income Statement Sales Costs a. Depreciation Interest paid What is owners' equity for 2020 and 2021? (Do not round intermediate calculations.) b. What is the change in net working capital for 2021? (Do not round intermediate calculations.) c-1. In 2021, Parrothead Enterprises purchased $2,508 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) $15,346 7,144 1,369 392 c-2. In 2021, Parrothead Enterprises purchased $2,508 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 21 percent. (Do not round intermediate calculations.) d-1. During 2021, Parrothead Enterprises raised $509…

The balance sheet for Altoid Company is shown below. ALTOID COMPANY Balance Sheet December 31, 2024 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity: Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and shareholders' equity $ 250 700 800 950 1,170 $ 3,870 $ 950 1,100 650 1,170 $ 3,870 Selected 2024 income statement information for Altoid Company includes: Net Sales Operating expenses $ 8,700 7,770 Income before interest and tax 930 130 Income tax expense 240 Net income $ 560 Interest expense Required: Compute Altoid Company's long-term debt to equity ratio for 2024 Note: Round your answer to 2 decimal places. Long-term debt to equity

The comparative balance sheets of Madrasah Corporation at the beginning and end of the year 2020 appear below. Madrasah CorporationBalance Sheets Assets    Dec. 31, 2020    Jan. 1, 2020    Inc./Dec. Cash $ 20,000  $ 13,000 $ 7,000 Inc. Accounts receivable  106,000    88,000  18,000 Inc. Equipment   39,000    22,000  17,000 Inc. Less: Accumulated depreciation—equipment   17,000    11,000   6,000 Inc.  Total $148,000  $112,000   Liabilities and Stockholders' Equity       Accounts payable $ 20,000  $ 15,000   5,000 Inc. Common stock  100,000    80,000  20,000 Inc. Retained earnings   28,000    17,000  11,000 Inc.  Total    $148,000     $112,000      Net income of $44,000 was reported, and dividends of $33,000 were paid in 2020. New equipment was purchased and none was sold. Instructions a.    Prepare a statement of cash flows for the year 2020. b.    Compute the current ratio (current assets ÷ current liabilities) as of January 1, 2020, and December 31, 2020,…

Balance Sheet Calculations. Fermer Company's balance sheet information at the end of 2019 and 2020 is as follows: 2019 Total shareholders' equity Accumulated other comprehensive income Current liabilities Intangible assets Property, plant, and equipment (net) Current assets Total contributed capital Long-term liabilities Retained earnings Total assets Common stock, $10 par Working capital Additional paid-in capital Long-term Investments Total liabilities Current accets Cong-term investments Property, plant, and equipment (net) Intangible assets ✓ Total assets $ (a) 4,800 (b) 12,600 (c) Current abilities Long-term abilities Total liabilities Common stock 10 par Additional paid-in capital Total contributed capital Retained earnings -V Accumulated other comprehensive income 18,000 51,000 (d) Total shareholders equity Total liabilities and shareholderslequity 40,900 (e) (1) 9,900 (0) (m) (n) Additional information: At the end of 2019, additional paid-in capital is twice the amount of…

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Refine Assumptions for PPE ForecastFollowing are the income statement and balance sheet for Medtronic PLC. Consolidated Statement of Income ($ millions) For Fiscal Year Ended April 26, 2019 Net sales $30,557 Costs and expenses   Cost of products sold 9,155 Research and development expenses 2,330 Selling, general, and administrative expense 10,418 Amortization of intangible assets 1,764 Restructuring charges, net 198 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit (loss) 6,268 Other nonoperating income, net (373) Interest expense 1,444 Income (loss) before income taxes 5,197 Income tax provision 547 Net income (loss) 4,650 Net (income) loss attributable to noncontrolling interests (19) Net income (loss) attributable to Medtronic $ 4,631 Consolidated Balance Sheet ($ millions) April 26, 2019 Current assets   Cash and cash equivalents $ 4,393 Investments 5,455 Accounts receivable, less…

Here is financial information for Sheridan Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings Assets Current assets Plant assets (net) Total assets December 31, 2022 Liabilities $123,000 395,300 89,279 130,592 166,959 131,470 2022 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) $123,000 December 31, 2021 395,300 $100,000 335,000 73,000 88,000 117,000 157,000 2021 SHERIDAN INC. Condensed Balance Sheets December 31 $100,000 335,000 $518,300 $435,000 Increase or (Decrease) Amount Percentage % % %