Ratio Analysis Following are totals from selected financial statements of Magdalene Corporation for the years ended December 31, 2019 and 2020:     12/31/19   12/31/20 Cash flows provided by operating activities   $102,000    $88,000  Cash flows provided by investing activities   19,000    34,000  Cash flows used by financing activities   (43,000)   (58,000) Net increase in cash   $78,000    $64,000  Net income   $61,000    $31,000  Current assets   120,000    137,000  Total assets   576,000    661,000  Current liabilities   86,000    113,000  Total liabilities   344,000    411,000  Required: 1. Next Level Calculate the operating cash flow ratio for the year ended December 31, 2020. If required, round your answer to two decimal places. Operating cash flow ratio =  2. Next Level Calculate the operating cash flow to total liabilities ratio for the year ended December 31, 2020. If required, round your answer to two decimal places. Operating cash flow to total liabilities ratio =

The 2021 income statement of Adrian Express reports sales of $19,310,000, cost of goods sold of $12,250,000, and net income of $1,700,000. Balance sheet information is provided in the following table. Assets Current assets: Cash Accounts receivable ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 2020 $ 700,000 $ 860,000 1,600,000 1,100,000 2,000,000 1,500,000 4,900,000 4,340,000 $9,200,000 $7,800,000 $1,920,000 $1,760,000 2,400,000 2,500,000 1,900,000 1,900,000 2,980,000 1,640,000 $9,200,000 $7,800,000 Industry averages for the following profitability ratios are as follows: Gross profit ratio Return on assets Profit margin Asset turnover Return on equity 45% 25% 15% 2.5 times 35% Required: 1. Calculate the five profitability ratios listed above for Adrian Express. (Round your…

the balance sheets for Plasma Screens Corporation and additional information are provided below.  PLASMA SCREENS CORPORATIONBalance SheetsDecember 31, 2021 and 2020   2021   2020   Assets                 Current assets:                 Cash $ 242,000     $ 130,000     Accounts receivable   98,000       102,000     Inventory   105,000       90,000     Investments   5,000       3,000     Long-term assets:                 Land   580,000       580,000     Equipment   890,000       770,000     Less: Accumulated depreciation   (528,000 )     (368,000 )   Total assets $ 1,392,000     $ 1,307,000     Liabilities and Stockholders' Equity                 Current liabilities:                 Accounts payable $ 109,000     $ 95,000     Interest payable   7,000       13,000     Income tax payable   9,000       6,000     Long-term liabilities:                 Notes payable   110,000       220,000     Stockholders' equity:                 Common stock…

Presented below are data taken from the records of Sheffield Company.     December 31,2020   December 31,2019 Cash   $15,100   $7,900 Current assets other than cash   85,800   59,800 Long-term investments   10,100   53,000 Plant assets   335,200   214,500     $446,200   $335,200           Accumulated depreciation   $20,200   $40,200 Current liabilities   39,600   22,000 Bonds payable   75,800   –0– Common stock   252,800   252,800 Retained earnings   57,800   20,200     $446,200   $335,200 Additional information: 1.   Held-to-maturity debt securities carried at a cost of $42,900 on December 31, 2019, were sold in 2020 for $33,600. The loss (not unusual) was incorrectly charged directly to Retained Earnings. 2.   Plant assets that cost $49,600 and were 80% depreciated were sold during 2020 for $7,900. The loss was incorrectly charged directly to Retained Earnings. 3.   Net income as reported on the…

Calculate the cash operating cycle of Stone Limited for the year ended 30 April, 2018 and 2019.

The summarized balance sheet of WIPRO Itd forthe year ended 31/03/2020 and 31/03/2021 are given below. Prepare funds flow statement. Liabilities Equity share capital General Reserve Pro fit&loss a/c Sundry Creditor Provision for Tax 2020 5,00,000 2,00,000 40,000 1,58,000 45,000 2021 Assets 2020 2021 Land & Building 6,00,000 2,20,000 1,32,000 1,72,000 30,000 1,80,000 Plant and Machinery 2,10,000 80,000 2,00,000 1,70,000 1,03,000 9,43,000 3,00,000 2,76,000 95,000 1,90,000 1,95,000 98,000 11,54,000 Other fixed Assets Stock Debtors Cash at bank Total 9,43,000 The following adjustment the company faces during the year. 11,54,000 Total Dividend Rs. 30,000 was paid during the year. An old machinery costing 1,20.000 was sold for 1,00,000 and the depreciation Rs 50,000.

The current assets and liabilities sections of the comparative balance sheets of Regent Inc., a private entity reporting under ASPE, at December 31 are presented below, along with the income statement: REGENT INC. Comparative Balance Sheet Accounts 2024 2023 Cash $27,720 $29,400 Accounts receivable 17,920 11,480 Inventory 9,100 12,880 Prepaid expenses 2,100 1,624 Accounts payable 12,040 10,080 Accrued expenses payable 1,400 2,240 Dividends payable 6,720 4,760 Income tax payable 1,904 3,304 REGENT INC. Income Statement Year Ended October 31, 2024 Sales $175,000 Cost of goods sold 109,200 Gross profit 65,800 Operating expenses $24,640 Depreciation expense 6,440 Loss on sale of equipment 2,240 33,320 Profit before income tax 32,480 Income tax expense 8,120 Profit for the year $24,360 Instructions Prepare the operating section of the cash flow statement using the direct method.

Question: The following selected data for ABC Corporation for the year ended December 31, 2020, is available to you for preparing the cash flow statement: Cost of goods sold $56,500 Sales revenue $97,300 Amortization expense 14,100 Interest revenue 4,100 Income tax expense 2,300 Dividend revenue

Preparing a Cash Flow Statement—Indirect Method Sketchers Corporation’s recent comparative balance sheet and income statement follow.   Balance Sheets, December 31 2019 2020 Assets     Cash and cash equivalents $12,800 $54,400 Accounts receivable (net) 16,000 28,800 Inventory 32,000 38,400 Investment, long-term 6,400   Plant assets 96,000 150,400 Accumulated depreciation (16,000) (22,400) Total assets $147,200 $249,600 Liabilities and Stockholders’ Equity     Accounts payable $9,600 $16,000 Notes payable, short-term (nontrade) 12,800 9,600 Notes payable, long-term 32,000 57,600 Common stock, no-par 80,000 128,000 Retained earnings 12,800 38,400 Total liabilities andstockholders’ equity $147,200 $249,600 Income Statement,For Year Ended December 31 2020 Sales revenue $480,000 Cost of goods sold (288,000) Gross margin 192,000 Depreciation expense (6,400) Other operating expenses (104,400) Net income $83,200   Additional…

STATEMENT OF CASH FLOWS   An entity presented the following comparative financial information:                  2018            2017     Property, plant and equipment 2,190,000 1,440,000   Accumulated depreciation 450,000 270,000   Long-term investments 225,000              -   Prepaid expenses 351,000 315,000   Merchandise inventory 1,950,000 1,260,000   Accounts receivable, net of allowance 1,560,000 1,080,000   Cash 690,000 640,000   Share capital-ordinary 3,000,000 2,400,000   Retained earnings 906,000 688,000   Long-term note payable 1,275,000 1,095,000   Accounts payable 309,000 282,000   Dividend payable 201,000               -   Accrued expenses 825,000               -                                                                                               2018        2017     Net credit sales 7,020,000 3,753,000…