Homework Answers
| a. | ||
| Cash | 15250 | |
| Marketable securities | 8220 | |
| Accounts receivable | 13340 | |
| Inventory | 11500 | |
| Current assets | 48310 | |
| Accounts payable | 8660 | |
| Current notes payable | 3120 | |
| Current liabilities | 11780 | |
| Current ratio = Current assets / Current liabilities = 48310 / 11780 | 4.10 | |
| b. | ||
| Earnings per share = Net income / Average number of common stock shares outstanding = 14700 / 890 | 16.52 | per share |
| c. | ||
| Quick (acid-test) ratio = ( Current assets - Inventory ) / Current liabilities = ( 48310 - 11500 ) / 11780 | 3.12 | |
| d. | ||
| Return on investment = Net income / Total assets = 14700 / 201710 | 7.29% | |
| e. | ||
| Common stock | 113500 | |
| Retained earnings | 50680 | |
| Stockholders' equity | 164180 | |
| Return on equity = Net income / Stockholders' equity = 14700 / 164180 | 8.95% | |
| f. | ||
| Total debt = Total assets - Stockholders' equity = 201710 - 164180 | 37530 | |
| Debt to equity ratio = Total debt / Stockholders' equity = 37530 / 164180 | 22.86% |
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Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,550 7,900 12,800 11,200 167,500 (12,900) $ 201,050 8.690 3,000 4,300 21.360 113,700 50,000 $ 201,050 The average number of common stock shares outstanding during 2018 was 860 shares....
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash $ 15,100 8,020 13,160 11,450 173,000 (12,600) $208,130 Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 8,930 3, 440 5,000 21,960 113,600 55,200 $208,130 The average number of common stock shares outstanding during 2018 was 860 shares. Net...
Following is the balance sheet of Campbell Company for 2018: CAMPBELL COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Campbell Company for 2018: CAMPBELL COMPANY Balance sheet Assets Cash $ 15,350 Marketable securities 8,500 Accounts receivable 12,560 Inventory 11,250 Property and equipment 171,500 Accumulated depreciation (12,600 ) Total assets $ 206,560 Liabilities and Stockholders’ Equity Accounts payable $ 8,660 Current notes payable 3,600 Mortgage payable 4,600 Bonds payable 21,300 Common stock 113,500 Retained earnings 54,900 Total liabilities and stockholders’ equity $ 206,560 The average number of common stock shares outstanding during 2018 was...
6 Following is the balance sheet of Thornton Company for 2018 $ 15,050 12,560 Assets Cash...
6 Following is the balance sheet of Thornton Company for 2018 $ 15,050 12,560 Assets Cash Marketable securities Accounts receivable! Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stack Retained earnings Total liabilities and stockholders equity 167,500 012,680 5201, 780 58,18€ 31240 The average number of common stock shares outstanding during 2018 was 860 shares. Net income for the year was $14.700. Required Compute each of...
Following is the balance sheet of Gibson Company for 2018: GIBSON COMPANY Balance sheet Assets Cash Marketable secu...
Following is the balance sheet of Gibson Company for 2018: GIBSON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation $. 14,850 7,580 12,920 11,450 168,500 (12,000) $203,300 Total assets Liabilities and Stockholders Equity Accounts payable Current notes payable Mortgage payable Bonds payable 8,180 3,240 4,600 21,780 114,800 50,700 $203,300 Common stock Retained earnings Total 1iabilities and stockholders' equity The average number of common stock shares outstanding during 2018 was 890 shares. Net income...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securi...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Finch...
Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,500 8,140 12,500 11,350 168,000 (12,500) $ 201,999 $ 8,480 3,080 4,500 21,360 114,100 50,470 $ 201,990 The average number...
Following is the balance sheet of Jordan Company for Year 3: JORDAN COMPANY Balance sheet Assets...
Following is the balance sheet of Jordan Company for Year 3: JORDAN COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,100 7,980 12,740 10,750 170,500 (12.900) $ 204,170 $ 8,540 3,080 4,600 21,480 114,400 52,670 $204,170 The average number of common stock shares outstanding during Year 3 was...
Check my Following is the balance sheet of Franklin Company for 2018 FRANKLIN COMPANY lance sheet...
i need part D and part F please and thanks
Check my Following is the balance sheet of Franklin Company for 2018 FRANKLIN COMPANY lance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,858 8,188 13,228 10,7e0 168,e00 (12,680) $202,356e $ 8,930 3,520 4,350 21,420 114,20e 49,930 $202,35 The average...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,550 7,900 12,800 11,200 167,500 (12,900) $ 201,050 8.690 3,000 4,300 21.360 113,700 50,000 $ 201,050 The average number of common stock shares outstanding during 2018 was 860 shares....
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash $ 15,100 8,020 13,160 11,450 173,000 (12,600) $208,130 Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 8,930 3, 440 5,000 21,960 113,600 55,200 $208,130 The average number of common stock shares outstanding during 2018 was 860 shares. Net...
6 Following is the balance sheet of Thornton Company for 2018 $ 15,050 12,560 Assets Cash Marketable securities Accounts receivable! Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stack Retained earnings Total liabilities and stockholders equity 167,500 012,680 5201, 780 58,18€ 31240 The average number of common stock shares outstanding during 2018 was 860 shares. Net income for the year was $14.700. Required Compute each of...
Following is the balance sheet of Gibson Company for 2018: GIBSON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation $. 14,850 7,580 12,920 11,450 168,500 (12,000) $203,300 Total assets Liabilities and Stockholders Equity Accounts payable Current notes payable Mortgage payable Bonds payable 8,180 3,240 4,600 21,780 114,800 50,700 $203,300 Common stock Retained earnings Total 1iabilities and stockholders' equity The average number of common stock shares outstanding during 2018 was 890 shares. Net income...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Exercise 9-13 Ratio analysis LO 9-2, 9-3, 9-4, 9-5 Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,500 8,140 12,500 11,350 168,000 (12,500) $ 201,999 $ 8,480 3,080 4,500 21,360 114,100 50,470 $ 201,990 The average number...
Following is the balance sheet of Jordan Company for Year 3: JORDAN COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,100 7,980 12,740 10,750 170,500 (12.900) $ 204,170 $ 8,540 3,080 4,600 21,480 114,400 52,670 $204,170 The average number of common stock shares outstanding during Year 3 was...
i need part D and part F please and thanks
Check my Following is the balance sheet of Franklin Company for 2018 FRANKLIN COMPANY lance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,858 8,188 13,228 10,7e0 168,e00 (12,680) $202,356e $ 8,930 3,520 4,350 21,420 114,20e 49,930 $202,35 The average...
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