Dec. 31, 20Y4 Dec. 31, 20Y3 Assets $ 360,920 $ 443,240 Cash ...... Accounts receivable (net). 665,280 592,200 Inventories 887,880 1,022,560 Prepaid expenses 31,640 25,200 Land..... 302,400 302,400 Buildings Accumulated depreciation-buildings Machinery and equipment.. Accumulated depreciation-machinery and equipment..... 1,134,000 1,713,600 (466,200) (414,540) 781,200 781,200 ...... (214,200) (191,520) Patents.... 106,960 112,000 Total assets $4,251,800 $3,724,420 Liabilities and Stockholders' Equity Accounts payable... Dividends payable.. Salaries payable.. Mortgage note payable, due in 10 years.. Bonds payable .. Common stock, $5 par.. $ 837,480 $ 927,080 25,200 32,760 78,960 87,080 224,000 390,000 200,400 50,400 Paid-in capital: Excess of issue price over par-common stock..... Retained earnings.... Total liabilities and stockholders' equity.. 366,000 126,000 2,512,200 2,118,660 $4,251,800 $3,724,420

Use the following financial statements for Manufacturing Inc. to compute the 1) DSO 2) TIE 3) ROE Manufacturing Inc.  Balance Sheets, Income Statements and Additional Information  for Year Ending December 31 (Millions of Dollars, Except for Per Share Data)     Balance Sheet     2019   Assets         Cash and equivalents     $4,156.00   Accounts receivable     $12,980.00   Inventories     $8,920.00   Total current assets     $26,056.00   Net property, plant & equipment (PP&E)   $13,405.00   Total assets     $39,461.00             Liabilities and Equity         Accounts payable     $7,410.00   Notes payable     $5,460.00   Accruals     $4,290.00   Total current liabilities   $17,160.00   Long-term bonds     $7,800.00   Total liabilities     $24,960.00   Common stock     $6,921.00   Retained earnings     $7,580.00   Total common equity     $14,501.00   Total liabilities and equity     $39,461.00             Income Statement…

The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:   Dec. 31, 20Y9  Dec. 31, 20Y8 Assets     Cash $246,670   $230,250   Accounts receivable (net) 89,360   82,700   Inventories 252,250   244,840   Investments 0   94,860   Land 129,390   0   Equipment 278,320   216,470   Accumulated depreciation—equipment (65,160)   (58,370)   Total assets $930,830   $810,750         Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $168,480   $159,720   Accrued expenses payable (operating expenses) 16,750   21,080   Dividends payable 9,310   7,300   Common stock, $10 par 50,260   39,730   Paid-in capital in excess of par—common stock 188,960   110,260   Retained earnings 497,070   472,660   Total liabilities and stockholders’ equity $930,830   $810,750   Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: Equipment and land were…

The December 31, Year 4, balance sheet for Finch Corporation is presented here. These are the only accounts on Finch's balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information: Assets Cash FINCH CORPORATION Balance Sheet As of December 31, Year 4 Accounts receivable (net) Inventory Property, plant, and equipment (net) Liabilities and Stockholders' Equity Accounts payable (trade) Income taxes payable (current) Long-term debt Common stock Retained earnings Additional Information Current ratio (at year end) Total liabilities + Total stockholders' equity Gross margin percentage $35,000 a. Accounts payable b. Retained earnings Inventory C. 292,000 $442,000 $ ? P $ P 35,000 298,000 Inventory turnover (Cost of goods sold + Ending inventory) Gross margin for Year 4 12 1.6 to 1.0 70% 40% 9.6 times Required a. Compute the balance in trade accounts payable as of December 31, Year 4. b. Compute the balance in retained earnings as of…