1) During the last year, sigma co had net income of 149 paid $16 in dividends,...
1) During the last year, sigma co had net income of 149 paid $16 in dividends, and sold new stock for $37. Beginning equity for the year was $680. Ending equity was?
2) The following items are components of a traditional balance sheet. How much are the total assets of the firm.
Plant and equipment $40, 800
Common stock $15,000
Cash 6,500
Inventory 23,700
Bad debt reserve 6,000
Additional paid-in capital 6,000
Accumulated depreciation 25,200
Accounts receivable 22,000
Answer:
3)Cameron Balance Sheet
Accounts Payable and Accruals 34
Accounts Receivable 60
Accumulated Depreciation (175)
Cash 33
Common Stock 120
Fixed Assets (Gross) 390
Inventory 130
Long-Term Debt 200
Retained Earnings 65
What is Cameron Inc.'s Net Working Capital
4) A firm's current ratio is 1.2 and it's quick ratio is 1.0. If its current liabilities are $12, 600, what are its inventories
5) Iris Income Statement
Cost of Goods Sold 300
Depreciation Expense 35
Interest Expense 20
Operating Expense (excluding depreciation) 115
Sales 750
What was Iris Inc's earnings before interest and taxes (EBIT)?
6) Iris Balance Sheet
Accounts Payable and Accruals 65
Accounts Receivable 62
Accumulated Depreciation (175)
Cash 26
Common Stock 120
Fixed Assets (gross) 390
Inventory 124
Long-Term Debt 200
Retained Earnings 65
What is Iris Inc.'s Total Assets?
7) Flying Tigers, Inc., has net sales of $746,000 and accounts receivables of $156,000. What is the firm's accounts receivables turnover? (Give your answer up to two decimal places)
8)Reagan Corp. has reported a net income of $815,300 for the year. The company's share price is $12.81 and the company has 319, 710 shares outstanding. Compute the firm's price-earnings ratio up to two decimal places?
9. The Florida lottery agrees to pay the winner $277,000 at the end of the year for next 20 years. What is the future value of this prize if each payment is put in an account earning 0.09?
Homework Answers
Answer of part 1:
Ending Equity = Beginning Equity + Net Income + New Stock –
Dividend Paid
Ending Equity = $680 + $149 + $37 - $16
Ending Equity = $850
Add Answer to:
1) During the last year, sigma co had net income of 149 paid $16
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2.
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Required
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2.
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