FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Question
From the
BALANCE SHEET | 2021 |
Cash and cash equivalents | 280 |
Receivables | 2588 |
Inventory | 2516 |
Other CA | 189 |
TOTAL CA | 5573 |
Fixed assets | 5024 |
TOTAL ASSETS | 10597 |
Accounts payable | 4713 |
Short term debt | 78 |
TOTAL CL | 4790 |
LT debt | 921 |
Shareh. Equity | 4886 |
TOTAL LIAB. AND SHARH. EQUITY | 10597 |
INCOME STATEMENT | 2021 |
Sales | 19418 |
COGS | 13136 |
354 | |
SG&A | 4952 |
EBIT | 976 |
Interest Expenses | 52 |
Tax | 268 |
Net income | 656 |
Pro-forma statement
Pro Forma |
Actual | Projected | Projected | Projected | Projected | Projected |
2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
COGS/REVENUES | ||||||
SGA/SALES | ||||||
INVENTORIES/COGS | ||||||
OTHER CA/SALES | ||||||
AP/COGS | ||||||
SALES/FIXED ASSETS | ||||||
DEPR/ FIXED ASSETS | ||||||
EQUITY/INVESTED CAPITAL | ||||||
ST DEBT/INVESTED CAPITAL | ||||||
LT DEBT/INVESTED CAPITAL | ||||||
TAX RATE | ||||||
DEPRECIATION / FIXED ASSETS | ||||||
Revenue growth rate |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- Find debt-to-equity, times interest earned, and return on financial leverage for both companies for years 2017, 2018, and 2019.arrow_forwardGiven the data in the following table, accounts receivable in 2023 was…arrow_forwardGiven the following information, calculate the debt ratio percentage: Liabilities $24,000 Liquid assets $4,400 Monthly credit payments $300 Monthly savings $260 Net worth $72,000 Current liabilities $1,100 Take-home pay $1,800 Gross income $3,000 Monthly expenses $1,540 a) 33.3 b) 4 c) 2.86 O d) 16.67 O e) 8.67arrow_forward
- Total debt to total assets% ratio: ?? Round your answer to the nearest hundredth percent Return on equity% ratio: ?? Round your answer to the nearest hundredth percent Asset turnover ratio: ?? Round your answer to the nearest centarrow_forwardCalculate the dividend payout ratio.arrow_forwardNow ant evaluating the balance sheet for Mari Corporation. from the balance sheet you find the following balances Cast and marketable securities = $420,000, Ramunds Race hase = $ 80000 inventony = $t. 120.000. Prepaid Rent Expense= $360. 000 Accrued Taves = $24.00 Accounts Payeble = $1.030.000 Notes Payable = $ 370.000 Net Profit After Tax $ 250.000 What is the amount of Marin's Net Working Capital?arrow_forward
- A company has the following balance sheet. What is its total net operating capital? (Round it to a whole dollar, if necessary) Cash $ 20 Accounts payable $ 60 Short-term investments 30 Accruals 50 Accounts receivable 50 Notes payable 10 Inventory 80 Current liabilities xxx Current assets xxx Long-term debt 70 Net fixed assets 100 Common equity 30 Retained earnings xx Total assets $xxx Total liab. & equity $xxarrow_forwardFind return on financial leverage and return of financial leverage ratio for years 2017, 2018, and 2019.arrow_forwardCalculate Quick Ratio: AKA the Acid Testarrow_forward
- Windsor Inc., a greeting card company, had the following statements prepared as of December 31, 2020. WINDSOR INC.COMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $6,100 $7,100 Accounts receivable 62,400 51,000 Short-term debt investments (available-for-sale) 34,700 18,100 Inventory 40,400 60,300 Prepaid rent 4,900 4,000 Equipment 154,100 130,600 Accumulated depreciation—equipment (34,900 ) (24,800 ) Copyrights 46,400 49,800 Total assets $314,100 $296,100 Accounts payable $46,500 $40,200 Income taxes payable 4,000 6,000 Salaries and wages payable 8,100 4,100 Short-term loans payable 7,900 10,100 Long-term loans payable 59,600 68,400 Common stock, $10 par 100,000 100,000 Contributed…arrow_forwardMiracle Bank's balance sheet is the following. Assets Reserves Loans Short-term securities a. 70 Miracle Bank's leverage ratio is Ob. 0.0857 c. 8.57 Miracle Bank Od. 80 Liabilities & Owners' Equity $600 Deposits 6,400 Debt 1000 Capital (owners' equity) $7,000 990 10arrow_forwardA company has the following balance sheet. What is its total net operating capital? (Round it to a whole dollar, if necessary) Cash $ 20 Accounts payable $ 45 Short-term investments 30 Accruals 50 Accounts receivable 50 Notes payable 10 Inventory 50 Current liabilities xxx Current assets xxx Long-term debt 70 Net fixed assets 100 Common equity 30 Retained earnings xx Total assets $xxx Total liab. & equity $xxxarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education