FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- The balance sheet for Shaver Corporation reported the following: cash, $8,000; short-term investments, $13,000; net accounts receivable, $41,000; inventories, $46,000; prepaids, $13,000; equipment, $103,000; current liabilities, $46,000; notes payable (long-term), $76,000; total stockholders’ equity, $102,000; net income, $3,920; interest expense, $5,600; income before income taxes, $7,080. how would i compute the debt-to-assets and times interested earned?arrow_forwardThe balance sheet shows the following accounts and amounts:Cash $13,000; Short-term Debt $21,000; Buildings and Equipment $420,000; Inventory, $44,000; Notes Payable $60,000; Accumulated Depreciation $110,000; Common Stock $80,000; Accounts Receivable $38,000; Retained Earnings $237,000; Accounts Payable $17,000.Total assets on the balance sheet are:arrow_forwardGive me three steps solution and explanationarrow_forward
- need answer please providearrow_forwardvv. Subject Financearrow_forwardhelp me answer these pleaseeee 6. The balance sheet showed the following: Total current assets $3,250, accounts payable $470, 8% notes payable $260, and accrued wages of $180. Calculate the net operating working capital. 7. The financial statements showed the following: Operating income $2,750,000, Depreciation $1,350,000, Expenditures on fixed assets and net operating working capital $860,000. Tax rate is 35%. Compute for the free cash flow.arrow_forward
- 1. The Cunningham Company has provided the following account balances: Cash $76,000; Short-term investments $8,00%3; Accounts receivable $12,000; Inventory $96,000; Long-term notes receivable $4,000; Equipment $192,000; Factory Building $360,000; Intangible assets $12,000%3; Accounts payable $90,000%3; Accrued liabilities payable $12,000; Short-term notes payable $42,000; Long-term notes payable $184,000. What is Cunningham's current ratio?arrow_forwardThe balance sheet shows the following accounts and amounts: Inventory, $84.000; Long-term Debt 125,000; Common Stock $60,000, Accounts Payable $44,000; Cash $132,000, Buildings and Equipment $390,000: Short-term Debt $48,000, Accounts Receivable $109,000; Retained Earnings $204,000; Notes Payable $54,000; Accumulated Depreciation $180,000. Total current assets on the balance sheet are Multiple Choice $216,000 $325,000 $535.000 $715,000 1 www Literarrow_forwardYogesharrow_forward
- A company has the following balance sheet. What is its total net operating capital? (Round it to a whole dollar, if necessary) Cash $ 20 Accounts payable $ 60 Short-term investments 30 Accruals 50 Accounts receivable 50 Notes payable 10 Inventory 80 Current liabilities xxx Current assets xxx Long-term debt 70 Net fixed assets 100 Common equity 30 Retained earnings xx Total assets $xxx Total liab. & equity $xxarrow_forwardThe current asset section of Guardian Consultant's balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2021 balance sheet reported the following: cash, $1,500,000; prepaid expenses, $560,000; long-term assets, $2,900,000; and shareholders' equity, $3,000,000. The current ratio at the end of the year was 2.5 and the debt to equity ratio was 1.6. Required: Determine the following 2021 amounts and ratios: (Round your "The acid-test ratio" answer to 1 decimal place.) 1. Current liabilities 2. Long-term liabilities 3. Accounts receivable 4. The acid-test ratioarrow_forward14 )arrow_forward
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