Problem 2-7 (Algo) Understand financial statements (LO2-1, 2-2, 2-4, 2-8) Below are incomplete financial statements for Hurricane, Incorporated Required: Calculate the missing amounts. HURRICANE, INCORPORATED Income Statement Year Ended December 31, 2024 Revenues Expenses Salaries $ 11,400 Rent 5,400 Advertising 3,400 Net income $ -20.200 HURRICANE, INCORPORATED Statement of Stockholders' Equity Year ended December 31, 2024 Common Retained Total Stockholders' Stock Earnings Equity Beginning balance $ 12,400 $ 5,400 $ 17,800 Issuances of stock Add: Net income Less: Dividends Ending balance Cash Supplies Land Building Total assets 3,400 3,400 $ 13,800 $ 6,400 $ 20,200 HURRICANE, INCORPORATED Balance Sheet December 31, 2024 Assets Liabilities $ 1,100 Accounts payable $ 2,400 Stockholders' Equity 4,400 Common stock 14,400 Retained earnings Total liabilities and stockholders' equity

Assume the following information (numbers in millions). Note: You can copy this table directly into Excel. Data Item EBIT ($) 2022 2023 13831 8891 -1082 Interest Expense ($) 113 Operating Assets ($) 34985 36920 Operating Liabilities 25,365 25703 ($) Net Fixed Assets ($) 41421 57002 Debt ($) 6942 10548 Tax Rate (%) 8.3% -50.1% What is free cash flow to equity in 2023? IMPORTANT! It will be very easy to goof up this problem given the negative interest expense and negative tax rate. Remember, if you subtract a negative this turns it into a positive. Hint: It will be so amazingly useful to remember the FCFE extra credit problem. To help, please note that the answer ranges between 1.300 and 2,100.

gageNOWv2 | Online teachir X * CengageNOWv2 | Online teachin x om/iln/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre.. eBook Show Me How Long-Term Solvency Analysis The following information was taken from Acme Company's balance sheet: Fixed assets (net) $1,092,000 Long-term liabilities 280,000 Total liabilities 196,000 Total stockholders' equity 980,000 Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity Previous Next Check My Work 11:17 A 67°F Sunny A O E O G 40) 12/3/20 delete ome prt se 84l 144 4+ 6 backscace %D

A-E is either going to be: Account Accounts receivable Asset Classified balance sheet Creditors Equality Ledger Payable Three

Please, I need all work clear, in an apropiate table, showing all calculations, thank you Only typed solution

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* CengageNOWv2 | Online teachin X * CengageNOWv2 | Online teachin X now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre... еBook Show Me How Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $23,400 $22,600 Inventory 78,800 79,500 Accounts payable 20,700 20,400 Dividends payable 18,000 17,000 Adjust net income of $77,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Check My Work 70°F Sunny

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What are two kinds of paid-in capital accounts?