Cash Accounts rec. Inventory Total C.A. Net fixed assets Total assets Last Year Year Year $1,380 $1,315 1,130 1,400 $3,280 $3,010 460 710 Year $240 $255 Accounts payable 1,020 730 Long-term debt 1,620 1,640 Common stock $2,880 $2,625 Retained earnings 3,370 3,810 $6,250 $ 6,435 Total liab. & equity $ 6,250 $ 6,435 ote that OCF is $1,385 and Net Capital Spending is 745. What is the Cash Flow from ssets?

Cash Accounts rec. Inventory Total C.A. Net fixed assets Total assets Last Year Year Year $1,380 $1,315 1,130 1,400 $3,280 $3,010 460 710 Year $240 $255 Accounts payable 1,020 730 Long-term debt 1,620 1,640 Common stock $2,880 $2,625 Retained earnings 3,370 3,810 $6,250 $ 6,435 Total liab. & equity $ 6,250 $ 6,435 ote that OCF is $1,385 and Net Capital Spending is 745. What is the Cash Flow from ssets?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Below are scrambled list of balance sheet and income statement items for TNT Inc. Prepare an income statement and calculate the net income for TNT Inc. a.$116,325 b.$163,325 c.$136,625 d.$113,625 Depreciation Expense Cash Long-Term debt Sales Accounts Payable General & Administrative Expense Buildings & Equipment Notes Payable Accounts Receivable Interest Expense Accrued Expenses Common Stock Cost of Goods Sold Inventory Taxes Accumulated Depreciation Taxes payable Retained Earnings Given $99,000.00 $337,500.00 $501,000.00 $859,500.00 $153,000.00 $118,500.00 $1,342,500.00 $112,500.00 $251,250.00 $7,125.00 $11,850.00 $433,500.00 $445,500.00 $148,950.00 $75,750.00 $394,500.00 $21,750.00 $79,500.00
Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets Multiple Choice O O O $28.84 O $43.50 O $66.00 $27.00 2021 $43.26 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) $ 140 900 $ 8,650 7,250 300 $ 1,100 70 $ 1,030 309 $ 721 2022 Windswept, Incorporated, has 250 million shares of stock outstanding. Its price-earnings ratio for 2022 is 15. What is the market price per share of stock? $ 155 710 1,520 1,500 $ 2,540 $2,385 3,200 3,650 $ 5,740 $ 6,035 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $1,160 940 3,190 450 2022 $ 1,302 1,118 2,890 725 $5,740 $ 6,035
Calculate the common-sized percentage 2023. for Gross Margin in
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Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net fixed assets. Total assets 2020 $ 6,170 4,440 380 $1,350 $ 130 38 $ 1,312 276 $ 1,036 2021 $ 235 1,070 910 2,100 1,745 $ 2,945 $ 3,245 3,780 3,560 $ 6,725 $ 6,805 Total liabilities & equity Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) Accounts payable Long-term debt Common stock Retained earnings How many dollars of sales were generated from every dollar of fixed assets during 2021? 2020 $ 1,635 850 3,320 920 $ 6,725 2021 $1,665 650 3,320 1,170 $ 6,805
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Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Het sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets 2021 What is the equity multiplier for 20227 $11,100 8,050 430 $ 2,620 104 $2,516 881 $ 1,635 Windswept, 2921 and 2022 Balance Sheets. (in millions) 2022 $300 1,150 1,050 2,060 1,775 $ 3,510 $3,155 3,520 4,120 $7,030 $7,275 $ 330 porated Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $1,870 1,090 3,400 670 2022 $1,932 1,373 3,050 920 $7,030 $7,275.
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Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes SMOLIRA GOLF, INCORPORATED 2022 Income Statement Net income Dividends Retained earnings 2021 Short-term solvency ratios a. Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio Profitability ratios I. Profit margin m. Return on assets n. Return on equity $3,061 4,742 12,578 $ 20,381 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 52,746 $ 73,127 2021 $ 188,370 126, 703 5,283 $ 56,384…
Cost of Goods Sold (Purchases + Production cost is ) RM______________.The gross pofit is RM____________.Net profit before taxes is RM______________.Earnings available for common stockholders RM_____________Total current assets RM_____________.Total gross fixed assets (at cost) is RM_________________.Total current liabilities is RM_________________.Total liabilities: RM_____________.Total stockholders’ equity is RM_____________.Current ratio is ____________ times.Quick ratio is ____________ times.Inventory turnover is ________ times.Average collection period is RM__________ days.Debt ratio is ____________%.Debt to Equity ratio is ___________%.Net profit margin is _____%.Book value per share is RM_________.