Mystic Laboratories reported total assets of $12,900,000 and noncurrent assets of $3,539,000. The company also reported a current ratio of 1.4. What amount of current liabilities did the company report?
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- The year-end balance sheet of Star Inc. shows total assets of $12,407 million, operating assets of $9,849 million, operating liabilities of $5,291 million, and shareholders’ equity of $5,532 million.The company's year-end net operating assets are: Select one: a. $9,849 million b. $17,698 million c. $15,140 million d. None of these are correct. e. $4,558 millionThe year-end financial statements of Rally Company for the current year, report total revenues of $19,829 million, accounts receivable of $1,145 million at the current year-end, and $1,078 million for the prior year-end. The company’s accounts receivable turnover for the year is: Select one: a. 17.3 times b. 18.8 times c. 17.8 times d. None of these are correct. e. 18.4 timesThe current assets of Novak Corp. are $495600. The current liabilities are $168000. The current ratio expressed as a proportion is
- The balance sheet for Fanning Corporation follows: $ 246,000 764,000 Current assets Long-term assets (net) Total assets $1,010,000 $ 149,000 452,000 601,000 409,000 Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $1,010,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio % Debt-to-equity ratio < Prev 5 of 6 MacEAm. 359.The total fixed Assets is 31,420 OMR . The total long term liabilities is 9970 OMR. The total current assets is 18,930 OMR. The Total current liabilities is 4765 OMR. The total shareholder equity is 35,615 OMR. The gross profit is 175,000 OMR. The net profit is 113,950 OMR. The liquid ratio is 3.25 . Give a brief report on the financial position of the company based on the above figures.
- Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,700, accounts payable of $96,526, common stock of $401,347, retained earnings of $501,930, inventory of $205,420, other assets equal to $77,911, net plant and equipment of $706,520, short-term notes payable of $30,000, and accounts receivable of $142,714. Long-Term Debt %24Determine the amount of long-term debt for ABC Co. using the following balance sheet information: cash balance of $24,429, accounts payable of $97,423, common stock of $400,517, retained earnings of $500,749, inventory of $207,068, other assets equal to $77,098, net plant and equipment of $706,191, short-term notes payable of $30,000, and accounts receivable of $142,586.The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $34,000; Liabilities = ?; Common Stock = $6,400; Revenue = $13,800; Dividends = $1,450; Beginning Retained Earnings = $4,450; Ending Retained Earnings = $8,400.The amount of liabilities reported on the end-of-period balance sheet was:
- The Butler-Huron Company's balance sheet and income statement for last year are as follows: Balance Sheet (in Millions of Dollars) Assets Cash and marketable securities Accounts receivable* Inventories** Other current assets Total current assets Plant and equipment (net) Other assets Total assets $82 820 1,507 22 $2,431 3,967 6,460 $6,460 Liabilities and Equity Accounts payable****** Accrued liabilities (salaries and benefits) Other current liabilities Total current liabilities Long-term debt and other liabilities Earnings before taxes Taxes Earnings after taxes (net income) Common stock Retained earnings Net sales Cost of sales Selling, general, and administrative expenses Other expenses Total expenses Total stockholders' equity Total liabilities and equity **Assume that average inventory over the year was the same as ending inventory. ***Assume that average accounts payable are the same as ending accounts payable. Income Statement (in Millions of Dollars) *Assume that all sales are…ABC Corporation’s total quick assets were $1,318, its current assets were $4,331 and its current liabilities were $2,241. Calculate the acid-test ratio. Comment on ABC’s ability to meet its current obligations.The current asset section of Guardian Consultant's balance sheet consists of cash, accounts receivable, and prepaid expenses. The balance sheet reported the following: cash, $1,450,000, prepaid expenses, $510,000; long-term assets, $3,900,000; and shareholders equity, $4,000,000. The current ratio at the end of the year was 2.0 and the debt to equity ratio was 1.4. Required: Determine the following amounts and ratios Note: Round your "The acid-test ratio" answer to 1 decimal place. 1. Current liabilities 2. Long-term liabilities 3. Accounts receivable 4. The acid-test ratio S 980,000