Please solve
Martinez Inc had the following bal ancesheat at December 31, 2024. During 2025, the following occurred. 1. Martinez Ine sold part of its debt investment portfolio for $17 , 060 . This transaction resulted in a zain of $5 , 460 for ths firm. The company classifiss thess investments as available-for-s 2. A tract of land was purchased for $16 , 760 cash . 3. Lonz-term notes payable in the amount of $18 , 060 were ratired bafore maturity by paying $18 , 060 cash. 4. An additional $22 , 060 in common stock was issued at par. 5. Dividends of $10 , 260 ware declared and paid to stockholders. 6. Net income for 2025 was $35 , 760 after allowing for depreciation of $13 , 060 . 7. Lend was purchased through the issuanes of $38 , 760 in bonds. 8. At Dscember 31, 2025, Cash was $40 , 760 , Accounts Receivable was $45 , 360 , and Aceounts Payableramained at $33 , 760 . (a) Prepare a statement of cash flows for 2025 . Show amcunts that decrease cosh flow with either a-sian eg- 15,000 or in parenthesis ey (15,000). Compute two cash flaw ratios. (Round ratios to 2 decimar places, e,y. 0.62:.1.) Current cash debt coverage ratio 1 Cash debt coverage ratio 1
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Please solve Martinez Inc had the following bal ancesheat at December.docx
1. Please solve
Martinez Inc had the following bal ancesheat at December 31, 2024. During 2025, the following
occurred. 1. Martinez Ine sold part of its debt investment portfolio for $17 , 060 . This
transaction resulted in a zain of $5 , 460 for ths firm. The company classifiss thess investments
as available-for-s 2. A tract of land was purchased for $16 , 760 cash . 3. Lonz-term notes
payable in the amount of $18 , 060 were ratired bafore maturity by paying $18 , 060 cash. 4. An
additional $22 , 060 in common stock was issued at par. 5. Dividends of $10 , 260 ware declared
and paid to stockholders. 6. Net income for 2025 was $35 , 760 after allowing for depreciation of
$13 , 060 . 7. Lend was purchased through the issuanes of $38 , 760 in bonds. 8. At Dscember
31, 2025, Cash was $40 , 760 , Accounts Receivable was $45 , 360 , and Aceounts
Payableramained at $33 , 760 . (a) Prepare a statement of cash flows for 2025 . Show amcunts
that decrease cosh flow with either a-sian eg- 15,000 or in parenthesis ey (15,000). Compute two
cash flaw ratios. (Round ratios to 2 decimar places, e,y. 0.62:.1.) Current cash debt coverage
ratio 1 Cash debt coverage ratio 1
