Using the following balance sheet and income statement data, what is the debt to assets rati Current assets $22400 Net income $44500 Stockholders' equity Current liabilities 13400 66400 Average assets 132000 Total liabilities 28600 Total assets 87000 Average common shares outstanding was 17000.
Q: company has three shops (R, S and T) to which the following budgeted information relates: Sixty ...
A: Budget will help to find any mistakes in planning, hence a business can take corrective measures and...
Q: On October 1, 2019, Ball Company issued 9% bonds dated October 1, 2019, with a face amount of $200,0...
A: Journal is the book of original entry in which all the transactions relating to the business are rec...
Q: Why is the power to tax is something called something the power destroy
A: The Government run but it is the people who pay the Taxes and who elect the government to run the c...
Q: SBD Phone Company sells its waterproof phone case for $90 per unit. Fixed costs total $151,200, and ...
A: Selling price = $ 90 per unit Variable cost = $ 36 per unit Fixed costs = $ 151200 Contribution = Sa...
Q: Which of the following is treated as business expense? a. Installation cost of business equipment b...
A: Business expenses are the expenses which are incurred for the business and required for the operatio...
Q: Sample Cat. ref. Sales Unit Description Last 12 mo. Inventory as Reorder sales (units) at last year ...
A:
Q: A company had net income of $282,000. Depreciation expense is $26,000. During the year, accounts rec...
A: Introduction: Statement of cash flows: All cash in and out flows are shown in cash flow statements. ...
Q: Depreciation for Partial Periods Storm Delivery Company purchased a new delivery truck for $60,000 o...
A: Depreciation is an accounting technique for distributing a tangible or fixed asset's cost over its u...
Q: Depreciation for Partial Penods Chambers Delivery Company purchased a new delivery truck for $62,500...
A:
Q: Burrell Company purchased a machine for $34,000 on January 2, 2019. The machine has an estimated ser...
A: In this question , we will find depreciation by straight line method and double- declining balance d...
Q: Louis spent $200 playing bingo at his church. Since the profits went to the church, Louis can deduct...
A: Games are generally organised by charitable institutions. Bingo is a game and which is organised by ...
Q: On January 1st, XYZ Co. prepays $1,500 for one year of prepaid insurance. What is the amount of insu...
A: Formula: Income statement: All revenues and expenses are shown in income statement. It tells the net...
Q: P30,000 at the end of the per vears using sinking fund met
A: This is a multiple-choice question in which we have to select the correct option.
Q: Frontier Corp. sells units for $45, has unit variable costs of $19, and fixed costs of $177,000. Fro...
A: Contribution margin = Total sales - Total variable cost Profit = Contribution margin - Fixed costs
Q: Magic Realm, Incorporated, has developed a new fantasy board game. The company sold 60,000 games las...
A: Lets understand the basics. Contribution margin income statement is prepared by the management to ca...
Q: Feb. 10 Purchased merchandise for $6,800 from Schmidt, Inc., Invoice 1980, terms 1/10, n/30. 13 Rece...
A: The perpetual inventory system is a method of recording inventory balance after each receipt and iss...
Q: Matthew Young has been working on Sheffield Paints' cash budget for the coming year. Based on his pr...
A: A cash budget is prepared to estimate the cash flows of a business during a specific period of time....
Q: 22. A machine, initially costing Php 155000, is set to depreciate Php 20000 every ye fund method. Ho...
A: The sinking cost method is a method of depreciation which we need to calculate here.
Q: Problem 3 J.A.N., Inc. uses a job order cost system. On May 1, the company has a balance in Work in ...
A: Solution A journal is a company's official book in which all business transaction are recorded in ch...
Q: The following is the accounts found in the trial balance of Mei, Inc., an SME: Lease liabilities ...
A:
Q: Present Value of Amounts Due Tommy John is going to receive $520,000 in three years. The current ma...
A: The concept of the time value of money (TVM) states that money accessible now is valued more than th...
Q: Use the information provided to create a standard cost card for production of one glove box switch. ...
A: A standard cost card specifies the typical amount of materials, labour, and overhead required to mak...
Q: DIRECTIONS : SOLVE AND USE ACCOUNTING EQUATION. 1. MS. LUISA STARTED HER MILKTEA BUSINESS ON FEB. 2,...
A: Accounting equation: The accounting equation describes the relationship between the total assets, to...
Q: Which one of the following statements correctly describes a characteristic of an entity purchase agr...
A: In this question we will explain that which is the correct option or a suitable characteristic of a...
Q: yeal is place)
A: Predetermined overhead rate = Total budgeted factory overhead / Total direct labor costs Total manuf...
Q: $ 338, 400 194,400 144,000 103, 500 $ 40, 500 Sales (7,200 units) Variable expenses Contribution mar...
A: Formula: Sales price per unit =Total sales value / Number of units sold
Q: Mr. John started a T-shirts business to be known as “John T-shirts". He has provided you with the fo...
A: Non-Current Assets are those assets which are expected to be realized or collected in cash beyond 12...
Q: Suppose that the Reserve Bank of New Zealand believes the New Zealand dollar (NZD) is too weak and w...
A: Facts in the given question: Reserve Bank of New Zealand believes the New Zealand dollar (NZD) is t...
Q: Mishal has a gross income of $43,360. She owns a condominium and donates to charity, but there's no...
A: Facts in the given question is mentioned as follows: Gross income of Mishal is $43,360 Condominium ...
Q: Which of the following is an example of a contra revenue account?A. salesB. merchandise inventoryC. ...
A: This account book transaction would be linked to certain associated accounts of a different sort. Th...
Q: Compute Current Ratio and Quick Ratio If Cash is 3.50 Lakhs, ST Investments are 6.50 Lakhs, Bank is ...
A: The current ratio and quick ratio both are used for measuring the liquidity of the business entity. ...
Q: Mrs. C-hammer, the owner of Tura innovations, invests N$140 000 in her business. She also approaches...
A: A business valuation seems to be the procedure of evaluating the economic worth of an entire company...
Q: Which of the following best defines the management accountants initial data analybics role in alilia...
A: Obtaining and exploring relevant data for decision making.
Q: (a) What are long-term liabilities? Give three examples. (b) What is a bond?
A: Liability seems to be a debt owing by one firm to an individual or company who is not the owner of t...
Q: Gretchen’s sales, current assets and current liabilities (all in thousands of pesos) have be...
A: 1. Horizontal Analysis - Horizontal Analysis is calculated by first calculating difference between b...
Q: Helsinki Inc. produces premium bottled water. Helsinki purchases artesian water, stores the water in...
A: Costing Techniques: Costing Techniques are those methods which enable a production firm to know abou...
Q: At the end of a reporting period, a company will value its inventory under one or two methods: The l...
A: Inventory: Inventory is the raw materials or goods that are held by the business for using in pro...
Q: A review of the accounting records of Baird Manufacturing indicated that the compan the month of Mar...
A: In this question, we have to find out the amount of payroll cost in SG&A , and cost of goods sol...
Q: What is the criterion a company uses to decide whether to include an expenditure in the cost of prop...
A: The criterion used by a company to include a cost in the cost of an asset is whether it is necessary...
Q: Last period Hartig Corporation soid 40.000 units, total sales were $303.000, total variabie expenses...
A: Formula: Contribution margin ratio = ( Contribution margin / Total sales ) x 100
Q: The Chowning Company manufactures ear buds that sell for $20 a pair. The variable cost of each set o...
A: >The relationship between Cost, Volume and profit is necessary as it tells how each of them are d...
Q: The master budget will be different from business to business.This is due to all of the following,ex...
A: Solution Master budget is a comprehensive financial planning document . It is usually includes all o...
Q: Iρng Corporation is a fabric manufacturing company. On January 20, Long made sales to Lyndsay’s Lace...
A: Gross Price method is the recording of transaction on gross basis and not availing the discount at t...
Q: A city has financed a local project with a $600,000 bond issue with a coupon rate of 6% compounded s...
A: In this question, we will find out the Periodic expense of debt . As it is also called cost of debts...
Q: WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2018 Cur...
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...
Q: REQUIRED a) Prepare the Statement of Profit Loss and Comprehensive Income for the year ended 31* Aug...
A: Statement of financial position is in the specified tabular format in which the company's assets and...
Q: Project L requires an initial outlay at t = 0 of $53,000, its expected cash inflows are $10,000 per ...
A: Payback period refers to the amount of time that will be taken by the entity to recover the total in...
Q: 8000 units were introduced in the process. Normal loss is 5%. 6600 units were transferred to the nex...
A: Equivalent units is the number of units that is completed or manufactured in a particular accounting...
Q: Prepare the necessary journals for the given transactions 1. Cash paid to Sara BD 600 2. Sold Furnit...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: Discuss the scope and penalties of Sarbanes Oxley Act.
A: The Sarbanes Oxley Act or the SOX was brought to force as a response to the substantial increase in ...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Debt to Assets ratio? Current assets $22400 Net income $44500 Stockholders' Current liabilities 13400 66400 equity Average assets 132000 Total liabilities 28600 Total assets 87000 Average common shares outstanding was 17000. 21.7 percent 43.8 percent 32.9 percent 33.7 percentView Policies Current Attempt in Progress Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $31500 Net income $41100 Stockholders' Current liabilities 15400 79400 equity Average assets 162500 Total liabilities 42300 Total assets 114000 Average common shares outstanding was 15500. 37 percent O 70 percent O 15 percent O 28 percent Attempts: 0 of 1 used Save for LaterThe balance sheet for Shankland Corporation follows: 000'009 $ 000006 Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings 000 0000 000 00 000 009' 000 006 Total liabilities and stockholders' equity 000'00s Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio
- given the following data for the cheyenne company: current liabilities 602; long-term debt 630; common stock 858; retained earnings 1210; total liabilities & stockholders' equity 3300. how would common stock apprear on a common size balance sheet?The balance sheet for Stuart Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio $ 238,000 770,000 $1,008,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) % 144,000 441,000 585,000 423,000 $1,008,000Using the following balance sheet and income statement data, what is the current ratio? $ $ Current assets Net income 27000 41600 Stockholders' Current liabilities 13800 78400 equity Average assets 158700 Total liabilities 43400 Total assets 132000 Average common shares outstanding was 14200. O 2.0:1 O 0.5:1 O 2.6:1 O 3.2:1
- Use the following balance sheet and income statement information to calculate the Debt to total assets. Current assets $ 8,000 Net income $ 9,000Current liabilities 4,000 Stockholders equity 27,000Average assets 40,000 Total liabilities 5,000Total assets 30,000 Average common shares outstanding was 10,000 Group of answer choices 75 %. 12.5 %. 20 %. 16.7 %.The balance sheet for Zachary Corporation follows: Current assets. Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 234,000 770,000 $ 1,004,000 $ 141,000 456,000 597,000 407,000 $ 1,004,000Given the following information interest income 3500, interest expense 2700, total assets 14000, 12 security losses or gain (75), earning assets 6781. total liabilities 9005, tax 30 percent, shares of common stock outstanding 3444, non-interest income 80, non-interest expense 130 and O ?provision for loan losses 120. what is the ROE
- ABC Industry and Trade Inc. Balance Sheet as of 31.12.2020 (TL) transactions ASSETS(Assets) I-Current Assets Ready Values Securities Commercial debts Stocks Other Current Assets Current Assets Total I-Fixed Assets Financial Fixed Assets Tangible Fixed Assets Total Fixed Assets TOTAL ASSETS 31.12.2020 Amount Vertical Percent (%) 360.000 12 45.000 1.5 870.000 29 840.000 28 255.000 8.5 2.370.000 79 390.000 13 240.000 8. 630.000 21 3.000.000 100 LIABILITIES(RESOURCES) l-Short Term Liv. resources Financial Debts Trade payables Short Term Foreign Resource Total Il-Long-Term Liabilities Financial Debts Long Term Liv. Source Ball. III-Equity Paid-in capital Profit Reserves Net profit for the period Previous Year's profit Total Equity TOTAL LIABILITIES (RESOURCES) 39.000 1.3 120.000 4 159.000 5.3 81.000 2.7 81.000 2.7 120.000 4 420.000 14 1.950.000 65 270.000 9 2.760.000 92 3.000.000 100 Requested: Calculate the vertical percentages of the Balance Sheet items of ABC Sanayi ve Ticaret A.Ş. dated…Determine Debt-Equity Ratio, Proprietary Ratio and Funds Proportion Ratios with the help of folowine information: Description Amount ? Equity Capital Profit & Loss A/C(Profit) Reserves & Surplus 10,00,000/- 5,00,000/- 3,00,000/- 2,50,000/- 30,00,000/- 5,00,000/- 15,00,000/- 1,50,000/- 5,00,000/- 45,75,000/- Premium on Issue of Shares & Debentures Debentures Long Term Fixed Deposits Accepted Long Term Bank Loans Provision for Divided & Taxation Short Term Bank Loans Fixed AssetsThe balance sheet for Munoz Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $ 235,000 762,000 $997,000 $160,000 457,000 617,000 380,000 $997,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) ace Working capital Current ratio Debt to assets ratio