Following are the income statement and balance sheet items for Faison Corporation from the company’s books and records at the end of fiscal year-end 20x1:   ($ millions)   Contributed capital $1,702 Cost of sales 13,567 Cash 1,393 Long-term liabilities 3,719 Accounts receivable 2,662 Other current assets 604 Other long-term assets 2,079 Other current liabilities 1,299 Other operating expenses 1,212 Other non-operating expenses 161 Inventory 1,093 Accounts payable 2,595 Property, net 3,216 Retained earnings 1,209 Sales 16,463 Tax expense 256 Equity income, net of tax 34 Other equity 523   Required: Using the information above, prepare the company’s year-end income statement and a balance sheet.

WD Corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals:   Cash $ 42,000 Current liabilities $ 77,000 Accounts receivable 57,000 Long-term liabilities 28,000 Inventory 62,000 Common stock 102,000 Equipment 147,000 Retained earnings 101,000 Total assets $ 308,000 Total liabilities and equity $ 308,000

The income statement and comparative Statement of Financial Positions of MacTavish Ltd. are shown below.Income Statement for the year ended December 31, 20x4Sales   $ 1,420,000Cost of goods sold   (1,110,000)Depreciation expense   (55,000)Interest expense   (22,000)Operating expenses   (178,000)Gain on sale of capital assets 10,000Income tax expense   (19,000)Net income   $  46,000Statement of Financial Position as at December 31 20x420x4 20x3Cash   $ 71,000 $ 80,000  Accounts receivable   191,000 169,000  Inventory   303,000 324,000  Prepaid expenses 18,000 26,000Capital assets   640,000 612,000  Accumulated depreciation (301,000) (253,000)  $922,000 $958,000Accounts payable   $ 149,000 $ 243,400  Interest payable   41,000 36,000  Income taxes payable   8,000 12,000  Deferred revenue 25,000 17,000Bonds payable – net 226,000 229,600Common shares   317,000 300,000  Retained earnings   156,000 120,000  $922,000 $958,000 Additional information1. The bonds payable have a face value of…

Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings Common equity Total llabilities and equity Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization EBIT Interest EBT Taxes (25%) Net Income Dividends pald Income Statement for Year Ending December 31, 2021 2021 Balances, 12/31/20 2021 Net Income Cash Dividends Addition to retained earnings Balances, 12/31/21 $ 15,000 35,000 34,190 $ 84,190 48,000 $132,190 $ 10,100 7,300 6,200 $ 23,600 15,000 $ 38,600 60,000 33,590 $ 93,590 $132,190 c. Construct Arlington's 2021 statement of stockholders' equity. Shares $ 2020 $ 13,000 30,000 28,000…

The following are selected account balances of Rule Corporation at the end of the current year: Debit Credit Operating Expenses $3,200 Sales Revenue $17,780 Cost of Goods Sold 8,500 Interest Expense 790 Gain on Sale of Land 590 Rule is subject to a 30% income tax rate, and shareholders own 1,200 shares of its capital stock. Required: Prepare the income statement for Rule. RULE CORPORATION Income Statement For the Year Ended December 31, Current Year Other items: Earnings per share

The following data were abstracted from the records of Ballistic Corporation for the year: Sales 1,080,000 Interest expense 75,000 Income taxes 240,000 Net income 360,000 Compute interest coverage ratio.

Cold Duck Manufacturing Inc. has the following end-of-year balance sheet: Cold Duck Manufacturing Inc. Balance Sheet For the Year Ended on December 31 Assets   Liabilities   Current Assets:   Current Liabilities:   Cash and equivalents $150,000 Accounts payable $250,000 Accounts receivable 400,000 Accrued liabilities 150,000 Inventories 350,000 Notes payable 100,000 Total Current Assets $900,000 Total Current Liabilities $500,000 Net Fixed Assets:   Long-Term Bonds 1,000,000 Net plant and equipment(cost minus depreciation) $2,100,000 Total Debt $1,500,000     Common Equity       Common stock 800,000     Retained earnings 700,000     Total Common Equity $1,500,000 Total Assets $3,000,000 Total Liabilities and Equity $3,000,000   The firm is currently in the process of forecasting sales, asset requirements, and required funding for the coming year. In the year that just ended, Cold Duck Manufacturing Inc. generated $350,000 net income on sales of…

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.

You are provided with the following information taken from Splish Brothers Inc.’s March 31, 2022, balance sheet. Cash   $ 12,330 Accounts receivable   20,370 Inventory   36,900 Property, plant, and equipment, net of depreciation   120,500 Accounts payable   22,640 Common stock   153,800 Retained earnings   12,460 Additional information concerning Splish Brothers Inc. is as follows. 1.   Gross profit is 26% of sales.     2.   Actual and budgeted sales data:         March (actual)   $47,000     April (budgeted)   73,100   3.    Sales are both cash and credit. Cash collections expected in April are:     March   $18,800   (40% of $47,000)     April   43,860   (60% of $73,100)         $62,660       4.    Half of a month’s purchases are paid for in the month of purchase and half in the following month. Cash disbursements expected in April are:     Purchases March $22,640…

Consider the following statement of comprehensive Income for the Dartmoor Corporation: DARTMOOR CORPORATION Statement of Comprehensive Income Taxable income Taxes (34%) Net income Dividends Addition to retained earnings Current assets Cash The statement of financial position for the Dartmoor Corporation follows. Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets $2,500 7,862 EFN Assets DARTMOOR CORPORATION Statement of Financial Position $ 2,950 4,100 6,400 $13,458 $41,300 $54,750 31,300 $15,700 5,338 $10,362 Prepare a pro forma statement of financial position, assuming a 15% Increase in sales, no new external debt or equity financing, and a constant payout ratio. (Do not round Intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign In your response.) Current liabilities Accounts payable Notes payable Total Long-term…