Consider the following financial data for Terry Enterprises:     Balance Sheet as of December 31, 2018               Cash $ 86,000   Accounts payable $ 15,500 Accts. receivable   91,500   Notes payable   93,500 Inventories   65,500   Accruals   19,500   Total current assets $ 243,000     Total current liabilities $ 128,500         Long-term debt   162,500 Net plant & equip.   419,500   Common equity   371,500 Total assets $ 662,500   Total liab. & equity $ 662,500               Statement of Earnings for 2018   Industry Average Ratios               Net sales $ 642,500   Current ratio 2.2× Cost of goods sold   482,000   Quick ratio 1.7× Gross profit $ 160,500   Days sales outstanding 44 days Operating expenses   119,500   Inventory turnover 6.7×   EBIT $ 41,000   Total asset turnover 0.6× Interest expense   14,500   Net profit margin 7.2%   Pre-tax earnings $ 26,500   Return on assets 4.4% Income taxes (35%)   9,275   Return on equity 7.7% Net profit $ 17,225   Debt-to-capital ratio 31%               Compared to other firms in the same industry, Terry...   a. has a shorter average collection period for receivables.   b. obtains more of its capital from equity financing.   c. generates less profit per dollar of total assets.   d. has a higher profit margin.   e. is better able to meet its short-term obligations.

Below is the financial information for AXZ Corporation for fiscal year-ending June 30, 2020.   (Amounts in millions $s)   Cash flows from operations $2,908.3 Total revenues 14,892.2 Shareholders’ equity 4,482.3 Cash flows from financing (110.0) Total liabilities 7,034.4 Cash, ending year 2,575.7 Expenses 14,883.4 Noncash assets 8,941.0 Cash flows from investing (1,411.2) Net earnings 8.8 Cash, beginning year 1,188.6   Required: Using the information above, prepare the company’s: Balance sheet as of June 30, 2020. Income Statement for the fiscal year ended June 30, 2020. Cash Flow Statement for the fiscal year ending June 30, 2020.

The following are taken from the financial statements of Curry Company as of December 2021. Assets: Cash 341,600 Account Receivable 200,000 Inventory 308,400 Property, Plant, Equipment 500,000 Liabilities: Notes payable 280,000 Accounts Payable 781,700 Bonds payable 2,000,000 6. What is the company's current ratio? a. 0.80 b. 0.51 c. 0.21 d. 3.03 7. What is the company's quick ratio? a. 0.51 b. 0.80 c. 1.93 d. 0.32

Clean Company Balance Sheet Cash 68,200 Accounts payable 113,500 Accounts 295,000 Notes payable 73,900 receivable Other current Inventories 212,000 101,000 liabilities Total Current Total Current 575,200 288,400 assets liabilities PP&E Net 257,400 Long-term debt 226,500 Total Equity 317,700 Total Liabilities + Total Assets 832,600 832,600 Equity Clean Company Income Statement Sales $1,414,600 Cost of sales 1,190,640 Gross profit 223,960 Operating expenses 125,840 Depreciation 36,520 EBIT 61,600 Interest expenses 21,560 Earnings before 40,040 taxes Taxes (40%) 16,016 Net profit 24,024

ABCD Corp Balance Sheet and Income Statement for the period as at December 31, 2014   Balance Sheet Assets    RM Cash   72,000 Accounts receivable  439,000 Inventories  894,000 Total current assets1,405,000 Fixed Assets   431,000 Total Assets1,836,000   Liabilities Accounts and Notes payable  432,000 Accruals  170,000 Total Current Liabilities  602,000 Long term debt  404,290 Common stock  575,000 Retained Earnings  254,710 Total Liabilities & Equity1,836,000   Income Statement   Sales 4,290,000 Cost of goods sold 3,580,000 Selling, general, and administrative expenses   370,320 Depreciation   159,000 Earnings before taxes (EBT)   180,680 Taxes (40%)     72,272 Net Income   108,408   Per Share Data EPS RM4.71
Cash dividends per share RM0.95 P/E ratio 5 x Market Price (average) RM23.57 Number of Shares Outstanding 23,000   INDUSTRY FINANCIAL RATIO   1. Quick ratio 1.0x 2. Current ratio 2.7x 3. Inventory turnover 7.0x 4. Days sales outstanding 32 days 5. Fixed asset turnover 13.0x 6.…

Consider the following financial data for Larry’s Computer Stores: Statement of Financial Position as of December 31, 2012 Cash & equivalents $ 94,500   Accounts payable $ 122,500 Receivables   202,500   Short-term bank note   162,500 Inventories   364,000   Accrued wages and taxes   110,500   Total current assets $ 661,000     Total short-term liab. $ 395,500         Long-term debt   418,000 Net fixed assets   468,500   Common equity   316,000 Total assets $ 1,129,500   Total liabilities & equity $ 1,129,500               Statement of Earnings for the Year Ended December 31, 2012 Sales revenue $ 450,000 Cost of merchandise sold   250,000 Gross profit $ 200,000 Operating expenses   97,500   Earnings before interest and taxes (EBIT) $ 102,500 Interest expense   46,500   Earnings before taxes (EBT) $ 56,000 Federal and state income taxes (45 percent)   25,200 Net earnings $ 30,800…

1. Complete the balance sheet for Energy Corp., given the following information       Additionally, the following information is provided: Debt ratio = 40% DSO = 39 days Costs of goods sold = $1.6875 million Sales = $2.25 million Inventory turnover ratio = 3.375 Current ratio = 1.5

The following financial information is for Cullumber Company. CULLUMBER COMPANYBalance SheetsDecember 31 Assets   2022   2021 Cash   $ 69,000   $ 69,000 Debt investments (short-term)   53,000   41,000 Accounts receivable (net)   103,000   92,000 Inventory   239,000   164,000 Prepaid expenses   25,000   29,000 Land   132,000   132,000 Building and equipment (net)   263,000   188,000 Total assets   $884,000   $715,000 Liabilities and Stockholders’ Equity         Notes payable (current)   $170,000   $101,000 Accounts payable   66,000   54,000 Accrued liabilities   42,000   42,000 Bonds payable, due 2025   251,000   170,000 Common stock, $10 par   205,000   205,000 Retained earnings   150,000   143,000 Total liabilities and stockholders’ equity   $884,000   $715,000   CULLUMBER COMPANYIncome StatementsFor the Years Ended December 31     2022…

Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,700, accounts payable of $96,526, common stock of $401,347, retained earnings of $501,930, inventory of $205,420, other assets equal to $77,911, net plant and equipment of $706,520, short-term notes payable of $30,000, and accounts receivable of $142,714. Long-Term Debt %24

Presented below is selected financial data for Teague Industries for the current year: Current assets: ​ Current liabilities ​ Cash and cash equivalents $3503​ Accounts payable $5385​ Short-term investments 1555​ Other current liabilities 2892​ Receivables, net 1811​ Total current liabilities 8277​ Merchandise inventories 6205​ Noncurrent liabilities 5196​ Other current assets 1975​ Shareholders' Equity 6250​ Total current assets ​ 15,049 ​ Total liabilities and shareholders' equity $19,723​ Noncurrent assets 4674​ ​ ​ Total assets $19,723​ ​ ​ ​ ​ ​ ​ Revenues $50,826 ​ ​ Costs and Expenses 45,963 ​ ​ Operating Income 4,863 ​ ​ Other income/expense (including interest expense of $60) (36) ​ ​ ​ Income before income tax 4827​ ​ ​ Income tax expense (1449) ​ ​ Net income $3378​ ​ ​ Previous Years' Financial Data Total Assets $17,020​ Shareholders' Equity 4000​ The financial leverage for Teague Industries is ________. (Round your answer to two decimal places, X.XX.)