Crane Rental Company had depreciation expenses of $115,000, interest expenses of $115,000, and an EBIT of $1,932,000 for the year ended June 30, 2017. What are the times-interest-earned and cash coverage ratios for this company? (Round answers to 1 decimal place, e.g. 12.5.) Times-interest-earned    times Cash coverage ratio    times

Electricity paid during the year is $14,000.There was an opening accrual b/F of $500. A bill for the quarter ended 31 January 2017 was $900. What is the electricity charge in the statement of profit or loss for the year ended 31 December 2016?

Allen Company's 2022 income statement reported total revenues, $890,000 and total expenses (including $44, 000 depreciation) of $760,000. The company's accounting records showed the following: accounts receivable - beginning balance, $54,000 and ending balance, $43, 600; accounts payable - beginning balance, $26,000 and ending balance, $31,600. Therefore, based only on this information, how much was the 2022 net cash provided by operating activities? Multiple Choice $190,000. $ 178,800. $125, 200. $169, 200

Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2023: Accounts Payable $ 25,960 Accounts Receivable 39,400 Accumulated depreciation, Equipment 10,740 Accumulated depreciation, Warehouse 21,480 Cash 8,600 Cash Dividends 19,800 Common Shares 114,000 Equipment 78,600 Income Tax Expense 40,800 Land 119,600 Notes Payable, due in 2026 33,800 Operating Expenses 109,400 Preferred Shares 39,400 Retained Earnings 27,920 Revenue 273,700 Warehouse 130,800 The company uses an income summary account in the closing process. Required: 1. Assuming normal balances, prepare the closing entries at December 31, 2023, the company’s year-end. 2. Calculate the post-closing balance in Retained Earnings at December 31, 2023. (Amounts to be deducted should be indicated by a minus sign.)

The following items and amounts were taken from Blossom Company's 2017 income statement and balance sheet. Cash $ 88,000 Retained earnings Cost of goods sold 122,500 436,300 Salaries and wages expense 117,000 Prepaid insurance 8,100 Inventory 64,300 Accounts receivable Sales revenue 90,500 581,700 Notes payable Accounts payable 6,300 55,500 Service revenue 5,500 Interest expense 1,830

Sandhill Incorporated had the following transactions involving current assets and current liabilities during February 2025. Feb. 3 7 11 14 18 Additional information: As of February 1, 2025, current assets were $129,600 and current liabilities were $32,000. Compute the current ratio as of the beginning of the month and after each transaction. (Round answers to 2 decimal places, e.g. 1.83: 1.) Current ratio as of February 1, 2025 Feb. 3 Feb. 7 Collected accounts receivable of $13,100. Purchased equipment for $30,400 cash. Paid $2,100 for a 1-year insurance policy. Paid accounts payable of $13,200. Declared cash dividends of $8,900. Feb. 11 Feb. 14 Feb. 18 4.05 6.86 5.25 5.25 :1 :1 :1 :1 :1 :1

The income statement for the year 2014 of Poole Co. contains the following information: total Revenues $75,000, total expenses 77500, and Net income (loss) (2500) After the revenue and expense accounts have been closed, the balance in Income Summary will be $0. a debit balance of $2,500.

The comparative balance sheet of Pelican Joe Industries Inc. for December 31, 2016 and 2015, is as follows:   1   Dec. 31, 2016 Dec. 31, 2015 2 Assets     3 Cash $490.00 $160.00 4 Accounts receivable (net) 280.00 200.00 5 Inventories 175.00 110.00 6 Land 400.00 450.00 7 Equipment 225.00 175.00 8 Accumulated depreciation-equipment (60.00) (30.00) 9 Total assets $1,510.00 $1,065.00 10 Liabilities and Stockholders’ Equity     11 Accounts payable (merchandise creditors) $175.00 $160.00 12 Dividends payable 30.00   13 Common stock, $10 par 100.00 50.00 14 Paid-in capital: Excess of issue price over par—common stock 250.00 125.00 15 Retained earnings 955.00 730.00 16 Total liabilities and stockholders’ equity $1,510.00 $1,065.00       The following additional information is taken from the records: 1. Land was sold for…

The following balances were taken from the books of Bonita Corp. on December 31, 2020. Interest revenue $87,400 Accumulated depreciation—equipment $41,400Cash 52,400 Accumulated depreciation—buildings 29,400Sales revenue 1,381,400 Notes receivable 156,400Accounts receivable 151,400 Selling expenses 195,400Prepaid insurance 21,400 Accounts payable 171,400Sales returns and allowances 151,400 Bonds payable 101,400Allowance for doubtful accounts 8,400 Administrative and general expenses 98,400Sales discounts 46,400 Accrued liabilities 33,400Land 101,400 Interest expense 61,400Equipment 201,400 Notes payable 101,400Buildings 141,400 Loss from earthquake damage 151,400Cost of goods sold 622,400 Common stock 501,400   Retained earnings 22,400 Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal places, e.g. 1.48.)

In its income statement for the year ended December 31, 2025, Cullumber Company reported the following condensed data Salaries and wages expenses $492,900 Cost of goods sold 808,930 Interest expense Interest revenue Depreciation expense (a) - 75,260 68,900 334,800 Your answer is partially correct. Loss on disposal of plant assets Sales revenue Income tax expense Sales discounts Utilities expense $68,900 2,142,600 Prepare a multiple-step income statement. (List other revenues before other expenses.) 26,250 169,600 116,600