Hancock Company reported the following account balancesat December 31, 2027:Sales revenue .. $97, 000Dividends.. $11,000Supplies. 13,000Accounts payable.... . . . . . $59,000Building ... $27,000Insurance expense. $31,000Notes payable. $39,000Income tax expense .. 41,000Patent Common stock.... ... ?Copyright $42,000Cash $20,000Equipment $14,000Utilities payable ... $19,000Repair expense.... $22,000Inventory $64, 000Retained earnings $87,000 (at Jan. 1, 2027)Interest revenue $55,000Cost of goods sold ..... . $37,000Accumulated depreciation .... $23,000 ...? Trademark ... .... $34,000Accounts receivable $51,000Calculate the total intangible assets reported in HancockCompany's December 31, 2027 balance sheet. The following additional information is available:1) The note payable listed above was a 4- year bank loan taken out on September 1, 2024.2) The total P - P-E at Dec. 31, 2027 was equal to 75% of the total current liabilities at Dec. 31, 2027. S S

Based on the financial statements below, what is the current ratio and quick ratio?

The following items are reported on a company's balance sheet: Cash $579,700 Marketable securities 452,900 Accounts receivable (net) 520,200 Inventory 258,800 Accounts payable 647,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a.  Current ratio   b.  Quick ratio

The following are financial statements of Carla Vista Co.. Carla Vista Co.Income StatementFor the Year Ended December 31, 2022 Net sales   $2,247,500 Cost of goods sold   1,018,500 Selling and administrative expenses   901,000 Interest expense   82,000 Income tax expense   75,000 Net income   $ 171,000   Carla Vista Co.Balance SheetDecember 31, 2022 Assets     Current assets       Cash   $ 56,300   Debt investments   81,000   Accounts receivable (net)   169,500   Inventory   118,900    Total current assets   425,700 Plant assets (net)   574,000 Total assets   $ 999,700 Liabilities and Stockholders’ Equity     Current liabilities       Accounts payable   $ 161,000   Income taxes payable   37,000    Total current liabilities   198,000 Bonds payable   201,880    Total liabilities   399,880 Stockholders’ equity       Common stock   355,000   Retained earnings   244,820…

ABC Company's accounting records reported the followingaccount balances as of December 31, 2028:Inventory ................... $59,000Trademark ................... $16,000Interest revenue ............ $21,000Accounts receivable ......... $44,000Cost of goods sold .......... $30,000Utilities expense ........... $29,000Salaries payable ............ $14,000Accumulated depreciation .... $37,000Land ........................ ?Dividends ................... $ 9,000Notes payable ............... $48,000Common stock ................ ?Rental revenue .............. $35,000Supplies .................... $23,000Income tax expense .......... $18,000Retained earnings ........... $57,000 (at Jan. 1, 2028)Sales revenue ............... $99,000Equipment ................... $74,000Copyright ................... $38,000Accounts payable ............ $41,000Salaries expense ............ $27,000Cash ........................ $19,000Additional information:The total equity at December 31, 2028 was $196,000.Calculate…

The following information is available in respect of Vegas plc for the last 2 years ended 31 December. Non-current Assets (at Net Book Value) Current Assets: Inventory Trade receivables Cash at bank Equity and Liabilities: Equity Share capital £1 Share premium Revenue reserve Vegas plc: Statement of Financial Position 31.12.2021 Non-current Liabilities: Loan Current Liabilities: Trade payables Taxation (accrual) Operating profit Taxation £000 390 462 80 88 142 £000 2,100 932 3.032 900 50 852 1,802 1,000 230 3.032 274 (156) 118 (87) 31 31.12.2020 Vegas plc: Income Statement (Extract) for the year ended 31.12.2021 £000 Dividends Retained profit for the year The following information is also available: • There were no non-current asset disposals during the year. • Depreciation for the year was £240,000. £000 210 346 50 73 137 £000 1,975 606 2.581 700 821 1,521 850 210 2.581 Prepare, in a suitable format, the Statement of Cash Flow for Vegas plc for the year ended 31.12.2021, presenting…

The following items are reported on a company's balance sheet: Line Item Description Amount Cash $277,000 Marketable securities 101,400 Accounts receivable 234,300 Inventory 217,800 Accounts payable 315,500 Determine the (a) current ratio and (b) quick ratio. Round answers to one decimal place.

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The following items are reported on a company's balance sheet: Cash $295,700 Marketable securities 231,000 Accounts receivable (net) 265,300 Inventory 132,000 Accounts payable 330,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio

K McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement: Year Ended December 31, 2024 Net income Income tax expense Interest expense $ 22,950 6,600 3,000 What was McDaniel's times-interest-earned ratio for 2024? OA. 7.65 OB. 10.85 OC. 9.85 OD. 8.65 point(s) possible ...