Casello Mowing & Landscaping's year-end 2021 balance sheet lists current assets of $437,100, fixed assets of $552,900, current liabilities of $418,500, and long-term debt of $318,300. Calculate Casello's total stockholders' equity. (Enter your answer in dollars. Round your answer to the nearest dollar amount.) Total stockholders' equity

Casello Mowing & Landscaping's year-end 2021 balance sheet lists current assets of $437,100, fixed assets of $552,900, current liabilities of $418,500, and long-term debt of $318,300. Calculate Casello's total stockholders' equity. (Enter your answer in dollars. Round your answer to the nearest dollar amount.) Total stockholders' equity

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

See similar textbooks

Similar questions

Check my work Casello Mowing & Landscaping's year-end 2018 balance sheet lists current assets of $435,200, fixed assets of $550,800, current liabilities of $416.600, and long-term debt of $314,500. Calculate Casello's total stockholders' equity. (Enter your answer In dollars. Round your answer to the nearest dollar amount.) Total stockholders' equity Prev 1 of 5 Next > 12:15 PM 62°F Mostly cloudy E 10/30/2021 pe here to search DEL
Barger Corporation has the following data as of December 31, 2024: Total Current Liabilities $ 36,210 Total Stockholders' Equity $? Total Current Assets 25,680 Other Assets 45,600 Long-term Liabilities 154,740 Property, Plant, and Equipment, Net 246,970 Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) Total liabilities Total stockholders' equity Debt to equity ratio +
The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2021 Net sales Cost of goods sold Gross profit Expenses: Operating expenses. Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds $852,000 27,000 7,400 12,000 42,000 $3,006,000 1,944,000 1,062,000 940, 400 $ 121,600 VIRTUAL GAMING SYSTEMS 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 Balance Sheets December 31 2021 $180,000 75,000 99,000 11,400 99,000 204,000 264,000 (63,000) $869,400 $ 60,000 4,800 12,000 279,000 294,000 219,600 2020 $138,000 54,000 129,000…
Prepare the stockholders’ equity section of the balance sheet for Wiley Corporation on December 31, 2021. Assume that net income for the year was $1,100,000.
A company has the following selected data ($ in millions): 2021 2020 Balance sheet data Total assets $ 3,500 $ 2,150 Total liabilities 1,650 1,000 Total stockholders' equity 1,850 1,150 Income statement data Sales $ 890 Interest expense 70 Tax expense 36 Net income 100 Based on these amounts, calculate the following ratios for the company in 2021: (Round your answers to 2 decimal places.) 1- debt to equity ratio: ______ 2-return on assets ratio: _____% 3- times interest earned ratio: _____times
Burkhart Corporation has the following data as of December 31, 2024: Total Current Liabilities $ 45,380 Total Stockholders' Equity Total Current Assets 35,720 Other Assets Long-term Liabilities 140,245 Property, Plant, and Equipment, Net Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) = $? 37,400 261,005 Debt to equity ratio
You are a newly employed finance manager for Finance Adventure Ltd. The following data is available for the company as of 31 June 2020: Current assets of $293,950 Current liabilities $68,700 Total assets $765,600 Equity $305,890 Required: What is the price earnings ratio (PE) of the company, given total number of outstanding ordinary shares is 57,000 and market price of each share is $22?
Barger Corporation has the following data as of December 31, 2024: Total Stockholders' Equity Total Current Liabilities Total Current Assets $ 36,210 58,200 181,630 Other Assets Long-term Liabilities Property, Plant, and Equipment, Net Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) = = C $? 45,600 269,640 Debt to equity ratio
Calculate the earnings per share (average of 420,000 shares outstanding for the year) for 2020. (Round answer to 2 decimal places, e.g. 2.55.) Earning per share $enter the earning per share in dollars rounded to 2 decimal places per share Matthias Medical manufactures hospital beds and other institutional furniture. The company’s comparative balance sheet and income statement for 2019 and 2020 follow. Matthias MedicalComparative Balance SheetAs of December 31 2020 2019 Assets Current assets Cash $397,220 $417,400 Accounts receivable, net 906,800 776,400 Inventory 743,000 681,000 Other current assets 381,300 247,000 Total current assets 2,428,320 2,121,800 Property, plant, & equipment, net 8,678,000 8,440,100 Total assets $11,106,320 $10,561,900 Liabilities and Stockholders’ Equity Current liabilities $2,934,700…
The stockholders' equity of Diakovsky Company at the beginning and end of 2021 totaled $119,000 and $136,000, respectively. Assets at the beginning of 2021 were $143,000. If the liabilities of Diakovsky Company increased by $66,000 in 2021, how much were total assets at the end of 2021? Use the accounting equation. OA. $213,000 OB. $209,000 OC. $226,000 O D. $60,000
Some selected financial statement items belonging to PXR Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Receivables 18,500 Total Assets 120,000 Current Liabilities 42,000 Shareholders' Equity 85,00 Net Profit 18,000
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $ 9,843 $ 10,934 Net income $ 280 $ 798 Stockholders' equity $ 1,710 $ 2,290 Average Shares outstanding (in millions) 665 - Dividends per share $ 0.38 - Stock price $ 8.50 - Required:Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)