Required information   [The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets follow.  At December 31 2017 2016 2015 Assets                   Cash $ 31,800   $ 35,625   $ 37,800   Accounts receivable, net   89,500     62,500     50,200   Merchandise inventory   112,500     82,500     54,000   Prepaid expenses   10,700     9,375     5,000   Plant assets, net   278,500     255,000     230,500   Total assets $ 523,000   $ 445,000   $ 377,500   Liabilities and Equity                   Accounts payable $ 129,900   $ 75,250   $ 51,250   Long-term notes payable secured bymortgages on plant assets   98,500     101,500     83,500   Common stock, $10 par value   163,500     163,500     163,500   Retained earnings   131,100     104,750     79,250   Total liabilities and equity $ 523,000   $ 445,000   $ 377,500       The company’s income statements for the years ended December 31, 2017 and 2016, follow.  For Year Ended December 31 2017 2016 Sales       $ 673,500         $ 532,000   Cost of goods sold $ 411,225         $ 345,500         Other operating expenses   209,550           134,980         Interest expense   12,100           13,300         Income taxes   9,525           8,845         Total costs and expenses         642,400           502,625   Net income       $ 31,100         $ 29,375   Earnings per share       $ 1.90         $ 1.80       Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016.   (2) Total asset turnover.

The asset side of the 2017 balance sheet for the Corporation is below. The company reported total revenues of $37,728 million in 2017 and $37,047 million in 2016.      in millions May 31, 2017 May 31, 2016 Current assets:     Cash and cash equivalents $ 21,784 $ 20,152 Marketable securities 44,294 35,973 Trade receivables, net of allowances for doubtful accounts of $319 and $327 as of May 31, 2017 and May 31, 2016, respectively 5,300 5,385 Inventories 300 212 Prepaid expenses and other current assets 2,837 2,591 Total current assets 74,515 64,313 Non-current assets:     Property, plant and equipment, net 5,315 4,000 Intangible assets, net 7,679 4,943 Goodwill, net 43,045 34,590 Deferred tax assets 1,143 1,291 Other assets 3,294 3,043 Total non-current assets 60,476 47,867 Total assets $134,991 $112,180   How do I figure what the company’s gross amount…

Required information   [The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets follow.  At December 31 2017 2016 2015 Assets                   Cash $ 31,800   $ 35,625   $ 37,800   Accounts receivable, net   89,500     62,500     50,200   Merchandise inventory   112,500     82,500     54,000   Prepaid expenses   10,700     9,375     5,000   Plant assets, net   278,500     255,000     230,500   Total assets $ 523,000   $ 445,000   $ 377,500   Liabilities and Equity                   Accounts payable $ 129,900   $ 75,250   $ 51,250   Long-term notes payable secured bymortgages on plant assets   98,500     101,500     83,500   Common stock, $10 par value   163,500     163,500     163,500   Retained earnings   131,100     104,750     79,250   Total liabilities and equity $ 523,000   $ 445,000   $ 377,500      The company’s income statements for the years ended December 31, 2017 and 2016, follow. Assume…

Presented below are selected ledger accounts of Oriole Corporation as of December 31, 2017. Cash   $68,000 Administrative expenses   106,700 Selling expenses   83,090 Net sales   544,700 Cost of goods sold   265,900 Cash dividends declared (2017)   22,650 Cash dividends paid (2017)   22,000 Discontinued operations (loss before income taxes)   41,200 Depreciation expense, not recorded in 2016   36,000 Retained earnings, December 31, 2016   96,390 Effective tax rate 30%     (a) Net income   $ 33,467   (b) Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information. Assume 19,480 shares of common stock were outstanding during 2017. (Round earnings per share to 2 decimal places, e.g. 1.58.) ORIOLE CORPORATIONIncome Statement…

Alpesh

19. A listing of the estimated balances in the company's ledger accounts as of December 31, 2023 is given below (as well as in your Excel template): Cash Accounts receivable Inventory-raw materials Inventory-finished goods Capital assets (net) Assets $ 83,365 1,122,900 10,000 9,125 724,000 $1,949,390 Total assets Liabilities and Shareholders' Equity Accounts payable $ 231,563 Capital stock 1,000,000 Retained Earnings Total liabilities and shareholders' equity 717,828 $1,949,390 Required: 1. Prepare a monthly master budget for ToyWorks for the year ended December 31, 2024, including the following schedules (Use the Excel template provided!): Sales Budget & Schedule of Cash Receipts Production Budget & Manufacturing Overhead Budget Direct Materials Budget & Schedule of Cash Disbursements Direct Labour Budget Selling and Administrative Expense Budget Ending Finished Goods Inventory Budget Cash Budget 2. Prepare budgeted financial statements at December 31, 2024, using absorption costing.

The following information is available for Cullumber Products:     2014   2013 Accounts receivable   $76,800   $94,720 Cost of goods sold   675,840   742,400 Inventory (ending)   66,560   87,040 Net cash provided by operating activities   281,600   217,600 Net sales   1,157,760   1,203,200 Capital expenditures   51,200   48,640 Dividends   31,104   40,960 Compute the following for 2014: (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) Accounts receivable turnover enter a number of times rounded to 1 decimal place times   Average collection period enter a number of days rounded to 1 decimal place days

Windswept, Inc.2017 Income Statement($ in millions) Net sales $ 11,000   Cost of goods sold   8,200   Depreciation   395   Earnings before interest and taxes $ 2,405   Interest paid   110   Taxable income $ 2,295   Taxes   689   Net income $ 1,606        Windswept, Inc.2016 and 2017 Balance Sheets($ in millions)     2016     2017       2016     2017   Cash $ 420   $ 445   Accounts payable $ 2,060   $ 2,005   Accounts rec.   1,210     1,110   Long-term debt   1,120     1,580   Inventory   1,980     1,820   Common stock   3,460     3,190   Total $ 3,610   $ 3,375   Retained earnings   700     950   Net fixed assets   3,730     4,350                 Total assets $ 7,340   $ 7,725   Total liab. & equity $ 7,340   $ 7,725      What were the total dividends paid for 2017?

Samuel Corp. has provided the following information for the year ended December 31, 2018.                                          Samuel Corp                            Comparative Balance Sheet                           December 31, 2018 and 2017                                         2018 2017 Inc/(dec) Current Assets:       Cash $33,000 $13,000 $20,000 Accounts Receiveable 29,000 36,000 (7,000) Inventory 56,000 29,000 27,000 Plant Assets, net 126,000 92,000 34,000 Total Assets $244,000 $170,000 $74,000         Accounts Payable $9,000 $13,000 $(4,000) Accrued Liabilities 7,000 3,000 4,000 Long-Term Notes Payable 70,000 79,000 (9,000) Total Liabilities 86,000 95,000 (9,000)         Common Stock $55,000 $3,000 $52,000 Retained Earnings 115,000 78,000 37,000 Treasury Stock (12,000) (6,000) (6,000) Total Stockholders' Equity $158,000 $75,000 $83,000 Total Liabilities and Stockholders Equity $244,000 $170,000 $74,000         Samuel Corp    Income…

Financial statements for Asklew Industries for 2021 are shown below (in thousands)                                                 2021 Income Statement Net sales                                                                      $  8,900 Cost of goods sold                                                        (6,225) Gross profit                                                                     2,675 Operating expenses                                                      (2,025) Interest expense                                                               (170) Income tax expense                                                         (192)                 Net Income                                                     $    288                                                                   Comparative Balance Sheets                                                                                                                                 Dec. 31…