The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.   Balance Sheet (Millions of $) 2021 Assets   Cash and securities   $ 4,200   Accounts receivable     15,000   Inventories     16,800   Total current assets   $ 36,000   Net plant and equipment     24,000   Total assets   $ 60,000     Liabilities and Equity   Accounts payable   $ 18,048   Accruals     10,152   Notes payable     5,000   Total current liabilities   $ 33,200   Long-term bonds     10,000   Total liabilities   $ 43,200   Common stock     3,864   Retained earnings     12,936   Total common equity   $ 16,800   Total liabilities and equity   $ 60,000     Income Statement (Millions of $) 2021 Net sales   $ 66,000   Operating costs except depreciation     61,380   Depreciation     1,920   Earnings before interest and taxes (EBIT)   $ 2,700   Less interest     900   Earnings before taxes (EBT)   $ 1,800   Taxes (25%)     450   Net income   $ 1,350     Other data:   Shares outstanding (millions)     500.00   Common dividends (millions of $)   $472.50   Int. rate on notes payable & L-T bonds     6%   Federal plus state income tax rate     25%   Year-end stock price     $32.40   a. 1.98     b. 4.64     c. 2.14     d. 2.57     e. 3.57     What is the firm's equity multiplier? Do not round your intermediate calculations.

The assets of the River & Stone Corp. company include current assets, property, plant and equipment and does not have excess cash (Free Cash). It has assets valued at $ 4 million and its fixed assets are valued at $ 3 million. It reports debts payable of $ 350,000, long-term debts of $ 650,000 and equity of $ 2 million. Your balance sheet reflects that you have accounts payable and accumulated debts. Generally, the company operates on a debt and equity basis. 1. Determine the total amount of the company's debt. 2. Calculate the balance of current assets and liabilities. 3. Determine the net working capital of the company. 4. Calculate the net operating working capital. 5. Explain how net working capital and operating working capital can support managerial decisions and strategic goals.

The following data concern Tech Corporation for the 2022 financial year. Credit sales during the year $2 400 000 Accounts receivable 30 June 2022 410 000 Allowance for bad debts 30 June 2022 55 000 Bad debt expense for the year 70 000 What amount will Tech Corporation show on its year-end balance sheet for the net realisable value of its accounts receivable? a. 410 000 b. $285 000 c. $340 000 d. $ 355 000

Balance sheet computations. (Balance Sheet) Presented below is the trial balance of Hightower Corporation at December 31, 2025 Debit   Credit Cash    295,000 Sales Revenue $12,150,000 Debt Investments (trading) (at cost, $218,000) 230,000 Cost of Goods Sold 7,200,000 Debt Investments (long-term) 448,000 Equity Investments (long-term) 416,000 Notes Payable (short-term) 135,000 Accounts Payable   682,000 Selling Expenses 3,000,000 Investment Revenue   95,000 Land 390,000 Buildings 1,560,000 Dividends Payable 204,000 Accrued Liabilities 144,000 Accounts Receivable 652,000 Accumulated Depreciation–Buildings 228,000 Allowance for Doubtful Accounts 38,000 Administrative Expenses 1,350,000 Interest Expense 317,000 Inventory 895,000 Gain 120,000 Notes Payable (long-term) 1,350,000 Equipment 900,000 Bonds Payable 1,500,000 Accumulated Depreciation–Equipment 90,000 Franchises 240,000 Common Stock ($5 par) 1,500,000 Treasury Stock 287,000 Patents 293,000 Retained Earnings 117,000 Paid-in Capital…