The condensed financial statements of Marks Company for the years 2017-2018 are presented below: Marks Company Comparative Balance Sheets As of December 31, 2017 and 2018       2018   2017   Cash   $404,000     $155,000     Accounts receivable (net)   356,000     300,000     Inventories   375,000     339,000     Plant and equipment   1,830,000     1,121,000     Accumulated depreciation   (260,000 )   (193,000 )       $2,705,000     $1,722,000     Accounts payable   $339,000     $164,000     Dividends payable   -0-     45,000     Bonds payable   405,000     -0-     Common stock ($10 par)   1,521,000     1,230,000     Retained earnings   440,000     283,000         $2,705,000     $1,722,000       Additional data:     Market value of stock at 12/31/18 is $80 per share.     Marks sold 30,000 shares of common stock at par on July 1, 2018.     Marks Company Condensed Income Statement For the Year Ended December 31, 2018   Sales revenue   $2,420,000   Cost of goods sold   1,642,000   Gross profit   778,000   Administrative and selling expenses   500,000   Net income   $278,000   Compute the following financial ratios by placing the proper amounts for numerators and denominators.                      (f)   Earnings per share in 2018   $      (g)   Return on common stock holders’ equity in 2018   $  $    (h)   Price earnings ratio at 12/31/18   $  $    (i)   Debt to assets at 12/31/18   $  $    (j)   Book value per share at 12/31/18

Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets $ 644,000 533,000 2,308,000 222,000 Investments Property, plant, and equipment Intangible assets Total assets $3,787,000 Current liabilities Long-term liabilities Shareholders' equity $ 444,000 803,000 2,460,000 $3,787,800 Total liabilities and shareholders' equity The captions shown in the summarized statement above include the following: a. Current assets: cash, $161,000; accounts receivable (net), $211,000; inventory, $236,000; and prepaid insurance, $36,000. b. Investments: investment in equity securities, short term, $101,000, and long term, $171,000; and restricted cash, long term, $261,000. c. Property, plant, and equipment: buildings, $1,610,000 less accumulated depreciation, $611,000; equipment, $610,000 less accumulated depreciation, $211,000; and land, $910,000. d. Intangible assets net of amortization: patent, $121,000; and copyright, $101,000. e. Current liabilities: accounts payable,…

The comparative balance sheet of Gus Company at December 31, 2021 and 2020 appears below: Assets: 12/31/2021 12/31/2020 Cash $  53,000  $ 120,000  Accounts receivable (net) 37,000  48,000  Inventories 108,500  100,000  Equipment 573,200  450,000  Accumulated depreciation-equipment  (142,000)  (176,000)   $629,700  $542,000  Liabilities & Stockholders Equity:     Accounts payable $  62,500  $  43,800  Bonds payable, due June 2021 0  100,000  Common stock, $10 par 335,000  285,000  Paid-in capital in excess of par - Common stock 74,000  55,000  Retained earnings   158,200      58,200    $629,700  $542,000    The income statement for the year ended December 31, 2021 appears below: Sales   $625,700  Cost of merchandise sold     340,000  Gross profit   285,700  Operating expenses (includes $26,000 depreciation expense)       94,000…

The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2018 (Millions of Dollars) Assets     Liabilities and Equity   Cash and equivalents $ 15    Accounts payable $ 100 Accounts receivable   515    Accruals   220 Inventories   830    Notes payable   230   Total current assets $ 1,360      Total current liabilities $ 550 Net plant and equipment   2,550    Long-term bonds   1,500            Total liabilities $ 2,050          Common stock (100 million shares)   260          Retained earnings $ 1,600            Common equity $ 1,860 Total assets $ 3,910    Total liabilities and equity $ 3,910 Davidson Corporation: Income Statement for Year Ending December 31, 2018 (Millions of Dollars) Sales $ 6,000 Operating costs excluding depreciation and amortization   3,780 EBITDA $ 2,220 Depreciation and amortization   420 EBIT $ 1,800 Interest   164 EBT $ 1,636 Taxes…

Following is the balance sheet for 3M Company. At December 31 2015 2014 Cash and cash equivalents $ 1,798 $ 1,897 Marketable securities-current 118 1,439 Accounts receivable, net 4,154 4,238 Inventories 3,518 3,706 Other current assets 1,398 1,023 Total current assets 10,986 12,303 Marketable securities-noncurrent 126 117 Property, plant and equipment--net 8,515 8,489 Goodwill 9,249 7,050 Intangible assets-net 2,601 1,435 Prepaid pension benefits 188 46 1,053 $32,718 1,769 $31,209 Other assets Total assets $ $ Short-term debt & current portion of LT debt Accounts payable 2,044 106 1,694 1,807 Accrued payroll 644 732 Accrued income taxes 332 435 Other current liabilities 2,404 2,884 Total current liabilities 7,118 5,964 Long-term debt 8,753 6,705 Pension and postretirement benefits 3,520 3,843 Other liabilities 1,580 1,555 Total liabilities 20,971 18,067 3M Company shareholders' equity: Common stock 9. Additional paid-in capital Retained earnings 4,791 4,379 36,575 34,317 Treasury stock…

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…

The comparative balance sheet of Gus Company at December 31, 2021 and 2020 appears below: Assets: 12/31/2021 12/31/2020 Cash $  53,000  $ 120,000  Accounts receivable (net) 37,000  48,000  Inventories 108,500  100,000  Equipment 573,200  450,000  Accumulated depreciation-equipment  (142,000)  (176,000)   $629,700  $542,000  Liabilities & Stockholders Equity:     Accounts payable $  62,500  $  43,800  Bonds payable, due June 2021 0  100,000  Common stock, $10 par 335,000  285,000  Paid-in capital in excess of par - Common stock 74,000  55,000  Retained earnings   158,200      58,200    $629,700  $542,000    The income statement for the year ended December 31, 2021 appears below: Sales   $625,700  Cost of merchandise sold     340,000  Gross profit   285,700  Operating expenses (includes $26,000 depreciation expense)       94,000…

The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Wright Company. Additional information from Wright's accounting records is provided also.  WRIGHT COMPANYComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands)   2021   2020   Assets                 Cash $ 116     $ 95     Accounts receivable   136       140     Short-term investment   47       14     Inventory   137       135     Land   102       125     Buildings and equipment   695       530     Less: Accumulated depreciation   (193 )     (140 )     $ 1,040       899     Liabilities                 Accounts payable $ 40     $ 48     Salaries payable   2       6     Interest payable   8       5     Income tax payable   5       10     Notes payable   0       33     Bonds payable   296       230     Shareholders’ Equity                 Common stock   390       330     Paid-in capital—excess of par   187       165…

The current sections of Crane Inc.’s balance sheets at December 31, 2021 and 2022, are presented here. Crane’s net income for 2022 was $154,700. Depreciation expense was $26,300.     2022   2021 Current assets            Cash   $102,700   $97,700    Accounts receivable   79,400   90,000    Inventory   168,200   173,000    Prepaid expenses   26,900   22,900       Total current assets   $377,200   $383,600 Current liabilities            Accrued expenses payable   $15,000   $9,300    Accounts payable   84,000   95,600       Total current liabilities   $99,000   $104,900 Prepare the operating activities section of the company’s statement of cash flows for the year ended December 31, 2022, using the indirect method

Extracts from the balance sheet of Atlantis Inc. are as follows:   2018 Assets   Current Assets:   Cash and Cash Equivalents 30,000 Accounts Receivable, Net 65,000 Merchandise Inventory 50,000 Total Current Assets 145,000 Long-Term Investments 150,000 Property, Plant, and Equipment, Net 250,000 Total Assets 545,000 Total Current Liabilities 150,000 Compute the acid test ratio.