Statement of Financial Position     Cash 10,000   Accounts payable $15,000 Accounts receivable 70,548   Notes payable 35,548 Inventory 20,000        Current liabilities $50,548      Current assets $100,548   Long-term debt 200,000 Fixed assets 500,000   Equity $350,000 Total assets $600,548   Total liabilities & equity   $600,548   Construct the Pro-forma Statement of Comprehensive Income and Statement of Financial Position based on the current credit policy and the two proposed credit policies.  Calculate the average collection period, net profit margin, return on assets, and return on equity for both the current and the proposed policies.  How does the company compare with the industry average in terms of its average collection period, profitability, and returns on assets and equity under the current and proposed policies?         4-Which credit policy should the Samuelsons choose? Provide reasons for your recommendation.

San Antonio Corporation’s current assets and current liabilities section of the statement of financial position as of December 31, 20x1 appear as follows:   Current assets Cash Accounts receivable   P5,340,000 P2,400,000 Less: Allowance for doubtful accounts            420,000   4,920,000 Inventories   10,260,000 Prepaid expenses              540,000   Total current assets       P18,120,000     Current liabilities Accounts payable                                                                          P3,660,000 Notes payable                                                                                 4,020,000   Total current liabilities                                                             P7,680,000     The following errors in the corporation’s accounting have been discovered: January 20x2 cash disbursements entered as of December 20x1 included payment of accounts payable amounting to P2,340,000, on which a cash discount of 2%…

What is the financial performance summary for this balance sheet? BALANCE SHEET   INCOME STATEMENT ($ in millions)   ($ in millions)               ASSETS     LIABILITIES     Revenue  28,681.10  Cash & Marketable Securities  449.90    Accounts Payable  1,611.20    Cost Of Goods Sold  20,768.80  Accounts Receivable  954.80    Salaries Payable  225.20      Gross Profit  7,912.30  Inventories  3,645.20    Other Current Liabilities  1,118.80        Other Current Assets  116.60    Total Current Liabilities  2,955.20    Operating Expenses:     Total Current Assets  5,166.50        Selling, General & Admin.  5,980.80        Other Liabilities  693.40    Depreciation  307.30  Machinery & Equipment  1,688.90          Operating income  1,624.20  Land  1,129.70      Total Liabilities  3,648.60        Buildings  2,348.40        Interest  -    Depreciation  (575.60)   SHAREHOLDER'S EQUITY     Other Expense (Income)  (13.10) Property, Plant & Equip. - Net…

Consider this simplified balance sheet for Geomorph Trading: Current assets $ 120 Current liabilities $ 70 Long-term assets 520 Long-term debt 270     Other liabilities 90     Equity 210   $ 640   $ 640 Required: What is the company’s debt-equity ratio? Note: Round your answer to 2 decimal places.

Compute for the Current Assets.

Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and income statement information for Calpine Corporation for 2004 and 2006 follows. ($ millions) Cash 2004 2006 $1,376.73 $1,503.36 Accounts receivable Current assets Current liabilities Long-term debt Short-term debt Total liabilities Interest expense Capital expenditures Equity Cash from operations 1,097.16 735.30 3,563.56 3,168.33 3,285.39 6,057.95 16,940.81 3,351.63 1,033.96 4,568.83 22,628.42 25,743.17 1,516.90 1,288.29 1,545.48 211.50 4,587.67 (7,152.90) 9.89 Earnings before interest and taxes 1,589.84 155.98 1,877.84 (a) Compute the following liquidity, solvency and coverage ratios for both years. (Round your answers to two decimal places.) 2006 current ratio = 2004 current ratio= 2006 quick ratio= 2004 quick ratio= 2006 liabilities-to-equity= 2004 liabilities-to-equity= 2006 total debt-to-equity= 2004 total debt-to-equity= 2006 times interest earned = 2004 times interest earned = 2006 cash from…

Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Line Item Description Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $17,500 $12,500 Inventory 51,650 44,200 Accounts payable 8,480 5,100 Dividends payable 9,480 6,100 Adjust net income of $75,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

Find           the below: Cash ratio                                  Inventory turnover                             EPS                                         Total asset turnover Debt ratio                                  Debt-to-equity ratio Times interest earned                ROI Net profit margin                      ROE Market price/Book value          P/E   BALANCE SHEET                 ASSETS                                                         LIABILITIES & STOCKHOLDERS EQUITY   Cash                                  $ 1,500                               Accounts payable                  $12,500 Marketable securities            2,500                               Notes payable                         12,500 Accounts receivable            15,000                               Total current liabilities         $25,000 Inventory                            33,000                               Long-term debt                       22,000 Total current assets…

Assets Line Item Description Amount Cash and short-term investments $42,572  Accounts receivable (net) 33,774  Inventory 37,691  Property, plant, and equipment 215,705  Total assets $329,742  Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $68,960  Long-term liabilities 98,919  Common stock, $10 par 64,740  Retained earnings 97,123  Total liabilities and stockholders’ equity $329,742  Income Statement Line Item Description Amount Sales $91,805  Cost of goods sold (41,312) Gross profit $50,493  Operating expenses (28,002) Net income $22,491  Number of shares of common stock 6,474  Market price of common stock $28  What is the current ratio?

K. Jackson Corporation Assets Cash Accounts receivable Inventory Net fixed assets Total assets Liabilities and owners' equity. Accounts payable ST Notes payable Long-term debt Owners' Equity Total liabilities and owner's equity Balance Sheet $250,000 450.000 500,000 2.100,000 $3,300.000 $100.000 450.000 1,050,000 1,700.000 $3,300,000 Income Statement Sales (all credit) Cost of goods sold Operating expense Interest expense Income taxes Net income $8,000,000 (4.000.000) (2,900,000) (150,000) (380,000) $570,000 Based on the information for K. Jackson Corporation, the current and acid-test ratios are, respectively. OA2.37 and 1.39. OB2 37 and 1.27 OC2 18 and 1.39 OD.2 18 and 1.27 OE None of the above.