Projected Spontaneous LiabilitiesSmiley Corporation's current sales and partial balance sheet are shown below.This yearSales$10,000Balance Sheet: LiabilitiesAccounts payable$ 1,000Notes payable$ 3,000Accruals$ 1,400Total current liabilities$ 5,400Long-term bonds$ 2,000Total liabilities$ 7,400$ 1,500$ 3,000Common stockRetained earningsTotal common equityTotal liabilities & equity$ 4,500$11,900Sales are expected to grow by 14% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Donot round intermediate calculations. Round your answer to the nearest dollar. -S6,1563

Liabilities represent the obligations or debts that a company owes to external parties. They are…

Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $10,000 Balance Sheet: Liabilities Accounts payable $ 1,000 Notes payable $ 3,000 Accruals $ 1,400 Total current liabilities $ 5,400 Long-term bonds $ 2,000 Total liabilities $ 7,400 Common stock $ 1,500 Retained earnings $ 3,000 Total common equity Total liabilities & equity $ 4,500 $11,900 Sales are expected to grow by 14% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar. $ 6,156

Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $10,000 Balance Sheet: Liabilities Accounts payable $ 1,000 Notes payable $ 3,000 Accruals $ 1,400 Total current liabilities $ 5,400 Long-term bonds $ 2,000 Total liabilities $ 7,400 Common stock $ 1,500 Retained earnings $ 3,000 Total common equity Total liabilities & equity $ 4,500 $11,900 Sales are expected to grow by 14% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar. $ 6,156

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,500 Notes payable $ 2,500 Accruals $ 1,800     Total current liabilities $ 5,800 Long-term bonds $ 2,000     Total liabilities $ 7,800 Common stock $ 1,500 Retained earnings $ 2,000     Total common equity $ 3,500   Total liabilities & equity $ 11,300 Sales are expected to grow by 8% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar. $
Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. This yearSales $ 10,000   Balance Sheet: Liabilities Accounts payable $ 1,000 Notes payable $ 2,000 Accruals $ 1,800    Total current liabilities $ 4,800 Long-term bonds $ 2,000    Total liabilities $ 6,800 Common stock $ 1,500 Retained earnings $ 3,000    Total common equity $ 4,500    Total liabilities & equity $ 11,300 Sales are expected to grow by 8% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar.
Projected Spontaneous Liabilities Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,500 Notes payable $ 3,000 Accruals $ 1,600     Total current liabilities $ 6,100 Long-term bonds $ 2,000     Total liabilities $ 8,100 Common stock $ 2,000 Retained earnings $ 3,000     Total common equity $ 5,000   Total liabilities & equity $ 13,100 Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? Do not round intermediate calculations. Round your answer to the nearest dollar. Answer is not 6832.
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You have been supplied with the following data for Jazz Limited and its industry averages. Balance Sheet March 31, 2020 Assets: Cash Liabilities and Equity: Accounts Payable Accrued expenses Other current liabilities 12.300 31,500 Accounts Receivable Merchandise Inventory Plant and Equipment 36,000 60,800 1,200 26,000 Long-term debt 10% Preference share capital Ordinary share capital Retained Earnings 151,000 34,000 40,000 100,000 27,400 Total Assets P260,100 Total Liabilities and Equity P260,100 Income Statement March 31, 2020 Sales 225,000 Less: Cost of goods sold Selling expenses Administrative expenses Research and development exp. Interest expense Earnings before taxes Less: Income tax (35%) Net income 152,500 29,500 14,800 6,500 2.900 206,200 18,800 6.580 12.220 5,000 Dividends paid to equity holders Financial Ratios of Company Current ratio Stock turnover Collection period Debt to Equity Interest coverage ratio Asset turnover Financial Ratios of industry 2.2 2.8 times 56 days…
The comparative balance sheets for Metlock Corporation show the following information. December 312020 2019Cash $33,500 $12,900Accounts receivable 12,400 10,000Inventory 12,100 9,000Available-for-sale debt investments –0– 3,000Buildings –0– 29,800Equipment 44,800 19,900Patents 5,000 6,300 $107,800 $90,900Allowance for doubtful accounts $3,100 $4,500Accumulated depreciation—equipment 2,000 4,500Accumulated depreciation—building –0– 6,000Accounts payable 5,000 3,000Dividends payable –0– 4,900Notes payable, short-term (nontrade) 3,000 4,100Long-term notes payable 31,000 25,000Common stock 43,000 33,000Retained earnings 20,700 5,900 $107,800 $90,900 Additional data related to 2020 are as follows. 1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500.2. $10,000 of the long-term note payable was paid by issuing common stock.3. Cash dividends paid were $4,900.4. On January…
Reconstruct the account of DTA Corp. for analysis. The available financial data were Gross margin for 2021 amounted to P472,500; merchandise inventory at the end was P300,000; long term debts consisted of bonds payable with interest rate of 20% per annum and total stockholders’ equity of P750,000. Additional information showed gross margin ratio of 35%; debt to equity ratio of .8:1, times interest earned of 10; quick ratio of 1.3 and ratio to operating expenses to sales of 18%. What is the operating income for 2021?
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Calculate ‘Total Assets to Debt ratio’ from the following information : Equity Share Capital 4,00,000 Long Term Borrowings 1,80,000 Surplus i.e. Balance in statement of Profit and Loss 1,00,000 General Reserve 70,000 Current Liabilities 30,000 Long Term Provisions 1,20,000
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Calculate the 2020 quick ratio using the following information: Balance Sheet Cash and Cash Equivalents Marketable Securities Accounts Receivable Total Current Assets Total Assets Current Liabilities Long Term Debt Shareholders Equity Income Statement Interest Expense Net Income Before Income Taxes .60 .80 .10 ).67 2020 5,000 15,000 10,000 40,000 70,000 50,000 10,000 10,000 7,500 45,000
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