Chapter 1, Problem 1.2EYCT

The balance sheets for Dual Monitors Corporation and additional information are provided below. DUAL MONITORS CORPORATION Balance Sheets December 31, 2024 and 2023 Assets. Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable. Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Additional information for 2024: 1. Net income is $91,560. 2. Sales on account are $1,416,800. (All sales are credit sales.) 3. Cost of goods sold is $1,098,500. 2024 $149,560 72,000 92,000 3,700 450,000 760,000 2023 450,000 640,000 (398,000) (238,000) $1,129,260 $1,136,700 $95,400 6,000 8,000 $117,000 89,000 77,000 1,700 $82,000 11,700 4,700 220,000 670,000 148,300 110,000 670,000 239,860 $1,129,260 $1,136,700 Required: 1. Calculate the…

ABC Inc. Balance Sheet as at December 31, 2015 and 2016 ($ thousands) Current Assets Cash Accounts Receivable Inventory Total Current Assets Fixed Assets Property, Plant & Equipment Less Accumulated Depreciation Property. Plant & Equipment, net Total Assets Liabilities and S/H Equity Current Liabilities Accounts Payable Notes Payable and short-term debl Total Current Liabilities Long-Term Debt Shareholders Equity Common Shares Paid-In Capital Retained Earnings Total Total Liabilities and S/H Equity ABC Inc. Income Statement for 2015 and 2016 ($ thousands) Revenue Cost of Goods Sold Operating Expenses Depreciation Earnings Before Interest & Taxes (EBIT) Interest Paid Income Before Taxes (EBT) Taxes Paid Net Income (NI) Dividend $ 200 450 550 $1,200 2.200 (1,000) 1,200 2015 $2,400 $ 200 0 $ 200 $ 600 300 600 700 $1,600 $2,400 2015 $1,200 700 30 220 $ 250 150 $ 200 80 $ 120 2016 $1,450 850 140 200 360 60 $ 300 120 $ 180 80 $ 2016 $ 150 425 625 $1,200 2,700 11.200) 1,500 $2,700 $ 150 150…

The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012. INCOME STATEMENT OF MCDONALD'S CORP., 2012 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Taxes Net income Assets Current assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Fixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Total assets Additional tax 2012 BALANCE SHEET OF MCDONALD'S CORP., 2012 (Figures in $ millions) Liabilities and Shareholders' 2,353 1,392 $ 139 1,106 4,990 24,694 2,821 3,000 35,505 27,584 17,586 1,419 8,579 534 8,045 2,648 5,397 2011 2,353 Debt due for repayment 1,352 Accounts payable equity Current liabilities 134 Total current liabilities 633 4,472 Long-term debt 22,852 Other long-term liabilities 2,670 Total liabilities 3,116 33,110 million Total shareholders' equity Total…

Birtle Corporation reports the following statement of financial position Information for 2017 and 2018. BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Assets Current liabilities Accounts payable Notes payable 2018 $11,173) 25,760 46,915 $ 75,598 $ 83,848 $ 9,279 23,683 42,636 Prepare the 2018 combined comm ze, mm calculations. Round the final answers to 3 decimal places.) Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total 2017 $272,847 $347,645 Assets $297,967 Total liabilities and owners' equity $381,815 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus. Retained earnings Total liabilities and owners'…

The following select information for Sarasota Inc. has been provided for the year ended December 31, 2023: Net Cash provided from Operating Activities Investing Activities: Sale of Long-term investments Purchase of PPE Net Cash Used by Investing Activities Financing Activities: Repayment of Loan Payable Issue of Common Shares Payment of dividends Net Cash Provided by Financing Activities Current Assets Non-Current Assets (net) Current Liabilities Non-Current Liabilities 2023 0.47 O 0.76 O 0.29 $676400 1252600 487300 765700 75900 155000 (26400) 61600 (18600) 2022 $664900 1119100 453700 700850 What is Sarasota's Current Cash Debt Coverage Ratio in 2023? $341000 79100 16600

I need assistance on the following regarding the attached balance sheet and income statement: Required: a) Calculate the following financial ratios for 2016 and 2017 13. Debt-to-equity ratio 14. Times-interest-earned ratio 15. Operating-cash-flow-to-capital-expenditures ratio

Text Predictions: On ABC Inc. Balance Sheet as at December 31, 2015 and 2016 ($ thousands) Current Assets Cash Accounts Receivable Inventory Total Current Assets Fixed Assets Property, Plant & Equipment Less Accumulated Depreciation Property, Plant & Equipment, net Total Assets Liabilities and S/H Equity Current Liabilities Accounts Payable Notes Payable and short-term debt Total Current Liabilities Long-Term Debt Shareholders' Equity Common Shares Paid-In Capital Retained Earnings Total Total Liabilities and S/H Equity ABC Inc. Income Statement for 2015 and 2016 ($ thousands) Revenue Cost of Goods Sold Operating Expenses Depreciation Earnings Before Interest & Taxes (EBIT) Interest Paid Income Before Taxes (EBT) Taxes Paid Net Income (NI) Dividend Accessibility: Investigate 2015 $ 200 450 550 $1,200 2.200 (1.000) 1,200 $2,400 $ 200 0 $ 200 $ 600 300 600 700 $1,600 $2,400 2015 $1,200 700 30 220 S 250 50 $ 200 180 $ 120 $ S 2016 $ 150 425 625 $1,200 2016 $1,450 850 40 200 $360 160 $ 300…

Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. Balance Sheets: Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total comment 2018 $100 275 175 $750 2,300 $3,050 $150 75 150 $375 450 $825 1,225 1,000 #7:375 2017 $85 300 250 $635 1,490 $2,125 $85 50 75 $210 290 $500 1,225 400 41.61

opines Text Predictions: On ABC Inc. Balance Sheet as at December 31, 2015 and 2016 ($ thousands) Current Assets Cash Accounts Receivable Inventory Total Current Assets Fixed Assets Property, Plant & Equipment Less Accumulated Depreciation Property, Plant & Equipment, net Total Assets Liabilities and S/H Equity Current Liabilities Accounts Payable Notes Payable and short-term debt Total Current Liabilities Long-Term Debt Shareholders Equity Common Shares Paid-In Capital Retained Earnings Total Total Liabilities and S/H Equity ABC Inc. Income Statement for 2015 and 2016 ($ thousands) Revenue Cost of Goods Sold Operating Expenses Depreciation Earnings Before Interest & Taxes (EBIT) Interest Paid Income Before Taxes (EBT) Taxes Paid Net Income (N) Dividend Accessibility: Investigate $ 200 450 550 $1,200 2.200 (1,000) 1,200 2015 $2,400 $ 200 0 $ 200 $ 2015 300 600 700 $1,600 $2,400 $1,200 700 30 220 $ 250 50 $ 200 1180 $ 120 600 mm 2016 $1,450 850 40 200 $ 360 60 $ 300 120 180 80 $ 2016 $…