The balance sheet from Jim's Hardware has the following items listed: Long-term Debt: $100,000 Total Liabilities: Current Liabilities: $25,345 $125,345 Total Assets: $325,490 What is the owner's equity for the company? A) $25,345 B) $200,145 OC) $225,490 D) Cannot calculate with the information provided.
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- Rosewood Company had current assets of $612, current liabilities of $393, total assets of $722. and long-term liabilities of $200. What is Rosewood's debt ratio? (Round your final answer to two decimal places.) 1.56 0.54 O0.82 0.28The bookkeeper for Geronimo Company has prepared the following balance sheet at 31/12/2007 Balance sheet for (Geronimo Company) at 31/12/2007 liabilities and owner equity Assets ID ID Current assets: Short-term liabilities: Bills payable 40625 Account payable (A/P) 28000 Long-Term Liabilities: bonds payable 82350 Long-term notes payable. Owners' Equity: Cash 22000 22000 Account receivable(A/R) Ending inventory Fixed assets: 35000 Machinery and equipment Intangible assets: Patents 40000 54900 Capital 155500 Total Total 274500 If you know Current assets 50% from total assets, fixed assets 30% from total assets, Intangible assets 20% from total assets, Cash 50% from Current assets R/ Complete the balance sheetPlease see attachment. The bottom portion is what I cannot figure out. The following financial information is for Priscoll Company. Priscoll CompanyBalance SheetsDecember 31 Assets 2020 2019 Cash $ 84,700 $ 78,650 Debt investments (short-term) 66,550 48,400 Accounts receivable 125,840 108,900 Inventory 278,300 199,650 Prepaid expenses 30,250 27,830 Land 157,300 157,300 Building and equipment (net) 314,600 223,850 Total assets $1,057,540 $844,580 Liabilities and Stockholders’ Equity Notes payable (short-term) $205,700 $145,200 Accounts payable 78,650 62,920 Accrued liabilities 48,400 48,400 Bonds payable, due 2023 302,500 205,700 Common stock, $10 par 242,000 242,000 Retained earnings 180,290 140,360 Total liabilities and stockholders’ equity $1,057,540 $844,580 Priscoll CompanyIncome StatementFor…
- The total debt to total assets of the Monroe Company was.65. The total of Monroe's assets was $255,000. The amount of total debt is: O a. $392,703 O b. $165,750 Oc. $392,307 Od.$165,570 A Moving to another question will save this response. K Sho 2 Informative Top..docx acBook/Imagine a balance sheet: Current assets = $105, current liabilities = $100, fixed assets = $340, and %3D the owner's equity = $135. What is the value of long term debt if it is the only other item on the %3D balance sheet? O $210 O $235 O $445 O $105 O $205Mondesto Company has the following debts: Unsecured creditors $ 243,000 Liabilities with priority 123,000 Secured liabilities: Debt 1, $236,000; value of pledged asset 193,000 Debt 2, $198,000; value of pledged asset 113,000 Debt 3, $133,000; value of pledged asset 166,000 The company also has a number of other assets that are not pledged in any way. The creditors holding Debt 2 want to receive at least $170,800. For how much do these free assets have to be sold so that the creditors associated with Debt 2 receive exactly $170,800?
- 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 $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Acco nts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income 2021 $ 3,000 15,000 18,000 $36,000 24,000 $60,000 $20,100 9,900 7,000 $37,000 11,000 $48,000 2,520 9,480 $12,000 $60,000 2021 $96,000 89,280 1,920 $ 4,800 1,080 $ 3,720 930 $ 2,790 Other data: Shares…Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $37,895 Accounts receivable 69,212 Accrued liabilities 6,543 Cash 17,127 Intangible assets 36,451 Inventory 78,770 Long-term investments 99,442 Long-term liabilities 72,027 Marketable securities 39,229 Notes payable (short-term) 24,334 Property, plant, and equipment 693,814 Prepaid expenses 1,182 Based on the data for Harding Company, what is the quick ratio, rounded to one decimal point? a.3 b.15.1 c.0.8 d.1.8Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $32,441 Accounts receivable 62,838 Accrued liabilities 6,445 Cash 23,006 Intangible assets 41,037 Inventory 84,374 Long-term investments 95,861 Long-term liabilities 72,719 Marketable securities 34,097 Notes payable (short-term) 29,992 Property, plant, and equipment 694,005 Prepaid expenses 1,051 Based on the data for Harding Company, what is the amount of quick assets?
- Some selected financial statement items belonging to PXR Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Receivables 18,500 Total Assets 120,000 Current Liabilities 42,000 Shareholders' Equity 85,00 Net Profit 18,000 Select one: a. 0.18 O b. 0.15 O c. 0.11 O d. The correct answer not available O e. 0.21Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $34,944 Accounts receivable 69,094 Accrued liabilities 6,969 Cash 17,451 Intangible assets 38,664 Inventory 76,507 Long-term investments 106,760 Long-term liabilities 76,378 Marketable securities 37,920 Notes payable (short-term) 20,617 Property, plant, and equipment 699,093 Prepaid expenses 2,696 Based on the data for Harding Company, what is the amount of working capital? a.$1,048,185 b.$203,668 c.$141,138 d.$696,397The trial balance of Rollins Incorporated included the following accounts as of December 31, 2024: Sales revenue Interest revenue Loss on sale of investments Loss on debt investments Gain on projected benefit obligation Cost of goods sold Selling expense Restructuring costs Interest expense General and administrative expense Debits $20,000 Show Transcribed Text 145,000 4,310,000 390,000 175,000 10,000 290,000 Credits $5,800,000 39,500 255,000 The loss on debt investments represents a decrease in the fair value of debt securities and is classified as part of other comprehensive income. Rollins had 100,000 shares of stock outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%. Required: Prepare a 2024 income statement for Rollins Incorporated with earnings per share disclosure. Write out the process of solving the problem step by step, how each data is calculated should be written clearly, be detailed and accurate, thank you!