Question: The following balance sheet is for X Company: Balance Sheet January 1, 2015 Assets: Equities: Cash Accounts receivable Inventory Prepaid rent Equipment $54,342 Accounts payable $11,765 Wages payable $1,51,231 Notes payable $6,319 Paid-in capital $3,13,594 Retained earnings $ 2,26,404 $1,302 $ 34,800 $2,06,107 $ 68,638 Total assets $5,37,251 $ 5,37,251 Total equities The following summary transactions occurred during 2015: 1. Borrowed $4,164 from the bank. 2. Paid $80,715 to suppliers for merchandise purchased on account. 3. Paid for $56,400 of advertising. 4. Purchased $256,872 of merchandise on the account and $201,828 for cash. 5. Sold merchandise for $511,555 on the account and $208,945 for cash; the merchandise cost $374,660. 6. Signed a five-year rental lease for $10,000; paid for one year in advance. 7. Paid $5,989 for land and equipment. 8. Received $217,661 from customers for merchandise sold on account. 9. Received $8,160 in cash contributions from new owners. A. What were total liabilities on December 31, 2015? B. What was net income in 2015? n April 26, Kindler Welding Corp. purchased $8,640 worth of welding supplies from a wholesaler that offered terms of 1.75/7, net/30. The discount applies to any amount paid within the discount period. What is the unpaid balance if Kindler paid $6,000 on May 1? (This problem involves the partial payment of an invoice within the discount period.) Round your answer to two decimal places. $unpaid balance

Use the​ common-size financial statements found​ here: ommon-Size Balance Sheet 2016Cash and marketable securities $ 480 1.5 %Accounts receivable 6,030 18.2Inventory 9,540 28.8Total current assets $ 16,050 48.5 %Net property, plant, and equipment 17,020 51.5Total assets $33,070 100.0 %Accounts payable $ 7,150 21.6 %Short-term notes 6,850 20.7Total current liabilities $ 14,000 42.3 %Long-term liabilities 7,010 21.2Total liabilities $ 21,010 63.5 %Total common shareholders’ equity 12,060 36.5Total liabilities and shareholders’ equity $33,070 100.0 %Common-Size Income Statement 2016Revenues $ 30,000 100.0 %Cost of goods sold (20,050) 66.8Gross profit $ 9,950 33.2 %Operating expenses (7,960) 26.5Net operating income $ 1,990 6.6 %Interest expense (940) 3.1Earnings before taxes $ 1,050 3.5 %Income taxes (382) 1.3Net income $668 2.2 %    Specifically, write up a brief narrative that responds to the following​ questions:   a. How much cash does Patterson have on hand relative to its total​…

Calculate the dividend payout ratio.

Current Position Analysis The following items are reported on a company's balance sheet: Cash $354,100 Marketable securities 276,700 Accounts receivable (net) 297,400 Inventory 178,500 Accounts payable 357,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.

The following data are available for XYZ Corporation for years 2014 and 2013. XYZ Corporation Statement of Financial Position As of December 31 Change Peso % 2013 2014 Assets Cash and equivalents Receivables Inventories Prepayments and others Total Current Assets 14,000 28,800 54,000 4,800 101,600 16,000 55,600 85,600 _7,400 164,600 2,000 26,800 ? 93.06% ? 2,600 54.17% 62.01% Property, Plant & Equipment - net of depreciation Total Assets 43,200 73,400 238,000 143.05% 30,200 131.800 Liabilities and Equity Notes payable to banks Accounts payable Accrued liabilities Income taxes payable Total current liabilities Share capital Retained earnings Total equity Total liabilities and equity 10,000 31,600 4,200 _ 5,800 51,600 44,600 35.600 80,200 131,800 54,000 55,400 6,800 7,000 123,200 44,600 70,200 44,000 23,800 2,600 .? ? 440.00% 61.90% 0.00% 34,600 34,600 43,14% 114,800 238.000 XYZ Corporation Income Statement Years ended December 31 (P thousands) Change Peso 2013 2014 266,400 191,400…

Given the data in the following table, the entry for Inventories on the 2023 common-sized balance sheet was %.

Crane Company has these comparative balance sheet data: CRANE COMPANYBalance SheetsDecember 31     2022   2021 Cash   $ 27,105   $ 54,210 Accounts receivable (net)   126,490   108,420 Inventory   108,420   90,350 Plant assets (net)   361,400   325,260     $623,415   $578,240 Accounts payable   $ 90,350   $ 108,420 Mortgage payable (15%)   180,700   180,700 Common stock, $10 par   252,980   216,840 Retained earnings   99,385   72,280     $623,415   $578,240 Additional information for 2022: 1.   Net income was $27,900. 2.   Sales on account were $382,300. Sales returns and allowances amounted to $29,000. 3.   Cost of goods sold was $207,500. 4.   Net cash provided by operating activities was $57,000. 5.   Capital expenditures were $28,900, and cash dividends were $17,900. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal…

Ch: Analyzing Financial Statements The current year financial statement for sand and Juffair companies are presented below. Balance sheet at 31 Dec 2019 Item Cash Account receivable (net) Inventory Property & equipment (net) Other assets Total assets Current liabilities Long-term debt (interest rate: 10%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement at 31 Dec 2019 item Sales revenue (1/3 on credit) (-) Cost of goods sold (-) Operating expenses Net income Other data item Per share stock price at end of current year Average income tax rate Dividends declared and paid in current year Sand 45000 45000 95000 160000 90000 435000 95000 75000 155000 40000 70000 435000 Sand 440000 230000 159000 51000 Sand 23 30% 34000 Juffair 22000 35000 45000 415000 320000 837000 65000 65000 522000 110000 75000 837000 Juffair 800000 399000 315000 86000 Juffair 25 30% 153000 Both companies are in the fish catching and…

Assets: Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities and equity: Accounts payable Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total common equity Total liabilities and equity $ $ $ $ $ $ $ 2015 200,000 864,000 2,000,000 3,064,000 6,000,000 9,064,000 1,400,000 1,600,000 3,000,000 2,400,000 3,000,000 664,000 3,664,000 9,064,000 2014 170,000 700,000 1,400,000 $2,270,000 5,600,000 $7,870,000 $ $1,090,000 1,800,000 $2,890,000 2,400,000 2,000,000 580,00 $2,580,000 $7,870,000 If a firm has EBIT = 1,350,000 and 40% Tax rate, calculate Free Cash Flow.

Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). Current assets 3M Company Balance Sheets (partial) Cash and cash equivalents Accounts receivable, net Inventories Other current assets Total current assets Current liabilities Screenshot Current ratio Working capital 2022 $ $3,180 3,600 2,738 1,932 $11,450 $4,830 2021 $1,836 3,180 3,019 1,590 Suppose that at the end of 2022, 3M management used $183 million cash to pay off $183 million of accounts payable. How would its current ratio and working capital have changed? (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital answer to million.) $9,625 $5,887 :1 million Done