From the following data, you are asked to prepare a balance sheet using the report form presentation as of December 31, 2020 for the Magic Shop Enterprises. This is the first year of operation of Magic Shop. P4,000 Cash

Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets Current assets Cash Accounts receivable Inventory Total Total assets 2020 Net plant and equipment $240,750 $310,600 a. Current ratio b. Quick ratio c. Cash ratio d. NWC ratio e. Debt-equity ratio e. Equity multiplier f. Total debt ratio f. Long-term debt ratio $8,850 $14,200 15,750 23,000 34,650 52,200 $ 59,250 $89,400 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 300,000 400,000 2020 times times times % times times times times Liabilities and Owners' Equity Current liabilities 2021 Accounts payable Notes payable Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the quick ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate the cash ratio for…

Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided.  METAGROBOLIZE INDUSTRIESComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands)   2021   2020   Assets                 Cash $ 580     $ 375     Accounts receivable   600       450     Inventory   900       525     Land   675       600     Building   900       900     Less: Accumulated depreciation   (300 )     (270 )   Equipment   2,850       2,250     Less: Accumulated depreciation   (525 )     (480 )   Patent   1,200       1,500       $ 6,880     $ 5,850     Liabilities                 Accounts payable $ 750     $ 450     Accrued liabilities   300       225     Lease liability—land   130       0     Shareholders' Equity                 Common stock   3,150       3,000     Paid-in capital—excess of par   750       675…

A comparative balance sheet for Gena Company appears below:GENA COMPANYComparative Balance SheetDec. 31, 2021 Dec. 31, 2020AssetsCash $ 34,000 $11,000Accounts receivable 21,000 13,000Inventory 35,000 17,000Prepaid expenses 6,000 9,000Long-term investments -0- 17,000Equipment 60,000 33,000Accumulated depreciation—equipment (20,000) (15,000)Total assets $136,000 $85,000Liabilities and Stockholders' EquityAccounts payable $ 17,000 $ 7,000Bonds payable 36,000 45,000Common stock 53,000 23,000Retained earnings 30,000 10,000Total liabilities and stockholders' equity $136,000 $85,000Additional information:1. Net income for the year ending December 31, 2021 was $35,000.2. Cash dividends of $15,000 were declared and paid during the year.3. Long-term investments that had a cost of $17,000 were sold for $14,000.4. Depreciation expense for the year was $5,000.InstructionsPrepare a full statement of cash flows for the year ended December 31, 2021, using the indirectmethod.

Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan CorporationBalance SheetsDecember 31     2020   2019   2018 Cash   $ 30,800     $ 17,600     $ 18,700   Accounts receivable (net)   50,500     44,200     47,100   Other current assets   89,600     94,900     63,900   Investments   55,300     71,000     45,100   Plant and equipment (net)   500,500     370,000     358,500       $726,700     $597,700     $533,300   Current liabilities   $85,500     $79,800     $69,400   Long-term debt   144,300     84,100     50,300   Common stock, $10 par   348,000     316,000     304,000   Retained earnings   148,900     117,800     109,600       $726,700     $597,700     $533,300     Jergan CorporationIncome StatementFor the Years Ended December 31     2020   2019 Sales revenue   $738,000     $605,500   Less: Sales returns and allowances   39,100     29,900   Net sales…

If Net Working Capital Current Assets - Current Liabilities, what is Kelley Corp's net working capital for the year ending December 31, 2023, given the following account balances? Accounts Receivable: $40 Equipment: $20 Accumulated Depreciation: $10 Patent: $50 Inventory: $15 Accounts payable: $30 Goodwill: $65 Long-term note payable: $70 =

Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Inventory 12,500Total Assets in 2021 110,000Current Liabilities 40,000Total Assets in 2020 90,000Net Profit 12,000Shareholders' Equity 65,000 Select one:a. 0.12b. 0.10c. 0.18d. 0.13

Following are the current asset and current liability sections of the balance sheets for Freedom Inc. at January 31, 2020 and 2019 (in millions): Current Assets Cash Accounts receivable Inventories Total current assets Current Liabilities Note payable Accounts payable Other accrued liabilities Total current liabilities January 31, 2020 Working capital Current ratio 6 EL EL $ 21 $ 15 January 31, 2019 01/31/2020 01/31/2019 9 18 $ 25 Required: a. Calculate the working capital and current ratio at each balance sheet date. (Enter "Working capital" in millions of dollars (1.e.. 10,000,000 should be entered as 10). Round your "Current ratio" to 2 decimal places.) $12 b. Evaluate the firm's liquidity at each balance sheet date. Based on the working capital and current ratio measures, the firm has become more liquid over the 2-year period. O Based on the working capital and current ratio measures, the firm has become less liquid over the 2-year period. c. Assume that the firm operated at a loss…

Please see attachment.  The bottom portion is what I cannot figure out. The following financial information is for Priscoll Company. Priscoll CompanyBalance SheetsDecember 31 Assets   2020   2019 Cash   $ 84,700     $ 78,650   Debt investments (short-term)   66,550     48,400   Accounts receivable   125,840     108,900   Inventory   278,300     199,650   Prepaid expenses   30,250     27,830   Land   157,300     157,300   Building and equipment (net)   314,600     223,850   Total assets   $1,057,540     $844,580   Liabilities and Stockholders’ Equity             Notes payable (short-term)   $205,700     $145,200   Accounts payable   78,650     62,920   Accrued liabilities   48,400     48,400   Bonds payable, due 2023   302,500     205,700   Common stock, $10 par   242,000     242,000   Retained earnings   180,290     140,360   Total liabilities and stockholders’ equity   $1,057,540     $844,580     Priscoll CompanyIncome StatementFor…

Jamison Corp.'s balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below.                                                                                               December 31,                                                                                         2021                      2020 AssetsCash                                                                          $ 440,000              $ 200,000Short-term investments                                                600,000                       —Accounts receivable (net)                                          1,020,000             1,020,000Inventory                                                                    1,380,000             1,200,000Long-term investments                                                 400,000                600,000Plant assets 3,400,000 2,000,000Accumulated depreciation                                          (900,000)…