Moran Enterprises Inc. (All values in $) Multi Step Income Sta.pdf

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Moran Enterprises Inc. (All values in $) Multi Step Income Statement for the year ended 31 December 2012 Sales Revenue 220000 Cost of Goods Sold 120000 Gross Profit 100000 Less : Operating Expenses 47000 Net Profit before Interest, Depreciation 53000 and Taxation Less : Depreciation Expense 0 Less : Interest Expense 5000 5000 Net Profit before Taxation 48000 Taxation Expense 10000 Profit after Taxation 38000 Dividends Paid 14000 Transferred to Retained Earnings 24000 Classified Balance Sheet as on 31 December 2012 Current Assets Accounts Receivable 24000 Inventory 33000 Cash 12000 Total Current Assets 69000 Tangible and Intangible Assets Equipment, Net of Depreciation 75000 Total Assets 144000 Current Liabilities Accounts Payable 15000 Unearned Revenue 21000 Total Current Liabilities 36000 Equity and Retained Earnings Capital Stock 65000 Retained Earnings Opening Balance 19000 Profit for the year 24000 43000 Total Liabilities and Equity 144000 Solution Moran Enterprises Inc. (All values in $) Multi Step Income Statement for the year ended 31 December 2012 Sales Revenue 220000 Cost of Goods Sold 120000 Gross Profit 100000 Less : Operating Expenses 47000 Net Profit before Interest, Depreciation 53000 and Taxation Less : Depreciation Expense 0 Less : Interest Expense 5000 5000 Net Profit before Taxation 48000 Taxation Expense 10000 Profit after Taxation 38000 Dividends Paid 14000 Transferred to Retained Earnings 24000 Classified Balance Sheet as on 31 December 2012 Current Assets Accounts Receivable 24000 Inventory 33000 Cash 12000 Total Current Assets 69000 Tangible and Intangible Assets Equipment, Net of Depreciation 75000 Total Assets 144000 Current Liabilities Accounts Payable 15000 Unearned Revenue 21000 Total Current Liabilities 36000 Equity and Retained Earnings Capital Stock 65000 Retained Earnings Opening Balance 19000 Profit for the year 24000 43000 Total Liabilities and Equity 144000.

Education

Ruth & Associates Income Statement For the Year Ended December 31, 2010 Revenue Consulting Revenue 100000 Interest Revenue 4000 Total Revenue 104000 Expenses Salary Expense 47000 Interest Expense 5000 Total Expenses 52000 Net Income 52000 Ruth & Associates Statement of Changes in Stockholders’ Equity For the Year Ended December 31, 2010 Beginning Common Stock 25000 Plus: Common Stock Issued 15000 Ending Common Stock 40000 Beginning Retained Earnings 18000 Plus: Net Income 52000 Less: Dividends 10000 Ending Retained Earnings 60000 Total Stockholders’ Equity 100000 Ruth & Associates Balance Sheet As of the December 31, 2010 Assets Cash 52000 Accounts Receivable 26000 Supplies 3000 Prepaid Rent 5000 Land 63000 Total Assets 149000 Liabilities Interest Payable 2000 Salaries Payable 7000 Unearned Revenue 8000 Notes Payable 32000 Total Liabilities 49000 Stockholders’ Equity Common Stock 40000 Retained Earnings 60000 Total Stockholders’ Equity 100000 Total Liab. and Stockholders’ Equity 149000 Ruth & Associates Statement of Cash Flows For the Year Ended December 31, 2010 Cash Flow From Operating Activities 52000 Cash Flow From Investing Activities -30000 Cash Flow From Financing Activities 20000 Net Change in Cash Plus: 42000 Beginning Cash Balance 10000 Ending Cash Balance 52000 Ending Cash Balance 52000 Net Change in Cash 42000 = Beginning Cash Balance 10000 Ruth & Associates Income Statement For the Year Ended December 31, 2010 Revenue Consulting Revenue 100000 Interest Revenue 4000 Total Revenue 104000 Expenses Salary Expense 47000 Interest Expense 5000 Total Expenses 52000 Net Income 52000 Ruth & Associates Statement of Changes in Stockholders’ Equity For the Year Ended December 31, 2010 Beginning Common Stock 25000 Plus: Common Stock Issued 15000 Ending Common Stock 40000 Beginning Retained Earnings 18000 Plus: Net Income 52000 Less: Dividends 10000 Ending Retained Earnings 60000 Total Stockholders’ Equity 100000 Ruth & Associates Balance Sheet As of the December 31, 2010 Assets Cash 52000 Accounts Receivable 26000 Supplies 3000 Prepaid Rent 5000 Land 63000 Total Assets 149000 Liabilities Interest Payable 2000 Salaries Payable 7000 Unearned Revenue 8000 Notes Payable 32000 Total Liabilities 49000 Stockholders’ Equity Common Stock 40000 Retained Earnings 60000 Total Stockholders’ Equity 100000 Total Liab. and Stockholders’ Equity 149000 Ruth & Associates Statement of Cash Flows For the Year Ended December 31, 2010 Cash Flow From Operating Activities 52000 Cash Flow From Investing Activities -30000 Cash Flow From Financing Activities 20000 Net Change in Cash Plus: 42000 Beginning Cash Balance 10000 Ending Cash Balance 52000 Ending Cash Balance 52000 Net Change in Cash 42000 = Beginning Cash Balance 10000 Solution Ruth & Associates Income Statement For the Year Ended December 31, 2010 Revenue Consulting Revenue 100000 Interest Revenue 4000 Total Revenue 104000 Expenses Salary Expense 47000 Interest Expense 5000 Total Expenses 52000 Net Income 5200.

Calculating EFN The most recent financial statements for Moose Tours.pdf

ajantaimmitation888

Calculating EFN The most recent financial statements for Moose Tours, Inc., appear below. Sales for 2012 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. MOOSE TOURS, INC. 2011 Income Statement Sales $ 836,100 Costs 650,700 Other expenses 17,100 Earnings before interest and taxes $ 168,300 Interest expense 12,600 Taxable income $ 155,700 Taxes 54,495 Net income $ 101,205 Dividends $ 30,300 Addition to retained earnings 70,905 MOOSE TOURS, INC. Balance Sheet as of December 31, 2011 Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 24,035 Accounts payable $ 64,600 Accounts receivable 38,665 Notes payable 16,150 Inventory 82,555 Total $ 80,750 Total $ 145,255 Long-term debt $ 150,000 Fixed assets Owners’ equity Net plant and equipment $ 392,350 Common stock and paid-in surplus $ 130,000 Retained earnings 176,855 Total $ 306,855 Total assets $ 537,605 Total liabilities and owners’ equity $ 537,605 If the firm is operating at full capacity and no new debt or equity is issued, what external financing is needed to support the 20 percent growth rate in sales? Solution EFN = Total assets – Total liabilities and equity Proforma Income Statement Projected Particulars Amount % Particulars Amount Sales 836,100 100.00 Sales 1,003,320 Less : Costs 650,700 77.83 Less : Costs 780,840 Other Expenses 17,100 2.05 Other Expenses 20,520 EBIT 168,300 20.13 EBIT 201,960 Interest 12,600 Interest 12,600 Taxable Income 155,700 Taxable Income 189,360 Taxes 54,495 35.00 Taxes 66,276 Net Income 101,205 Net Income 123,084 Dividends 30,300 29.94 Dividends 36,850 Additon to retain earnings 70,905 Additon to retain earnings 86,234 Balance Sheet Assets Amount % Liabilities and Owners’ Equity Amount % Current assets Current liabilities Cash 24,035 Accounts Payable 64,600 Accounts Receivable 38,665 Notes Payable 16,150 Inventory 82,555 80,750 15.02 145,255 37.02 Fixed assets : Long Term Debt 150,000 Net plant and equipment 392,350 72.98 Owners’ equity Common stock and paid-in surplus 130,000 Retained earnings 176,855 306,855 537,605 100.00 537,605 Balance Sheet(Projected) Assets Amount % Liabilities and Owners’ Equity Amount % Current assets Current liabilities Cash 28,842 Accounts Payable 77,520 Accounts Receivable 46,398 Notes Payable 19,380 Inventory 99,066 96,900 15.141 174,306 37.02 Fixed assets : Long Term Debt 150,000 Net plant and equipment 470,820 72.98 Owners’ equity Common stock and paid-in surplus 130,000 Retained earnings(176,855+86,234) 263,089 393,089 645,126 100.00 639,989 EFN 5,137 Proforma Income Statement Projected Particulars Amount % Particulars Amount Sales 836,100 100.00 Sales 1,003,320 Less : Costs 650,700 77.83 Less : Costs 780,840 Other Expenses 17,100 2.05 Other Expenses 20,520 EBIT 168,300 20.13 EBIT 201,960 Interest 12,.

The financial statements of ABC Co. appear belowABC Co.Comp.docx

cherry686017

The financial statements of ABC Co. appear below: ABC Co. Comparative Balance Sheet December 31, 2014 ASSETS 2014 2013 Cash $25,000 $40,000 Marketable Securities 20,000 60,000 Accounts Receivable (net) 40,000 30,000 Inventory 150,000 170,000 Property, Plant and Equipment (net) 170,000 200,000 Total assets $405,000 $500,000 Liabilities and Stockholders’ equity Accounts Payable $25,000 $30,000 Short Term Notes Payable 40,000 90,000 Bonds Payable 75,000 160,000 Common Stock 175,000 145,000 Retained Earnings 90,000 75,000 Total Liabilities and Stockholders’ Equity $405,000 $500,000 ABC Co. Income Statement For the Year Ended December 31, 2014 Net Sales $360,000 Cost of Goods Sold 184,000 Gross Profit 176,000 Expenses Interest Expense 21,000 Selling Expense 30,000 Administrative Expense 20,000 Total Expenses 71,000 Income before income taxes 105,000 Income tax expense 30,000 Net income $75,000 Additional information: a. Cash dividends of $50,000 were declared and paid in 2014. b. Weighted average number of shares of common stock outstanding during 2014 was 62,000 shares c. Market value of common stock on December 31, 2014 was $15 per share. d. Net cash provided by operating activities for 2014 was $65,000 Instructions: Using the financial statements and additional information, compute the following ratios for ABC Co. for 2014. Show all computations. 1. Current ratio 2. Return on common stockholders equity 3. Price earnings ratio 4. Inventory turnover ratio 5. Receivables turnover 6. Times interest earned 7. Profit margin ratio 8. Average days in inventory 9. Payout ratio 10. Return on assets ...

The financial statements of ABC Co. appear belowABC Co.Compar.docx

adelaider1

The financial statements of ABC Co. appear below: ABC Co. Comparative Balance Sheet December 31, 2014 ASSETS 2014 2013 Cash $25,000 $40,000 Marketable Securities 20,000 60,000 Accounts Receivable (net) 40,000 30,000 Inventory 150,000 170,000 Property, Plant and Equipment (net) 170,000 200,000 Total assets $405,000 $ 500,000 Liabilities and Stockholders’ equity Accounts Payable $25,000 $30,000 Short Term Notes Payable 40,000 90,000 Bonds Payable 75,000 160,000 Common Stock 175,000 145,000 Retained Earnings 90,000 75,000 Total Liabilities and Stockholders’ Equity $405,000 $500,000 ABC Co. Income Statement For the Year Ended December 31, 2014 Net Sales $360,000 Cost of Goods Sold 184,000 Gross Profit 176,000 Expenses Interest Expense 21,000 Selling Expense 30,000 Administrative Expense 20,000 Total Expenses 71,000 Income before income taxes 105,000 Income tax expense 30,000 Net income $75,000 Additional information: a. Cash dividends of $50,000 were declared and paid in 2014. b. Weighted average number of shares of common stock outstanding during 2014 was 62,000 shares c. Market value of common stock on December 31, 2014 was $15 per share. d. Net cash provided by operating activities for 2014 was $65,000 Instructions: Using the financial statements and additional information, compute the following ratios for ABC Co. for 2014. Show all computations. 1. Current ratio 2. Return on common stockholders equity 3. Price earnings ratio 4. Inventory turnover ratio 5. Receivables turnover 6. Times interest earned 7. Profit margin ratio 8. Average days in inventory 9. Payout ratio 10. Return on assets .

Question 1Given the financial statements below for Firefly Enterpr.pdf

alamshoes001

Question 1 Given the financial statements below for Firefly Enterprises, what is the external financing need for a pro forma increase in sales of 16%? Enter your answer as the nearest whole (e.g., 123), but do not include the $ sign. Firefly Enterprises Income Statement ($ Million) 2011 Sales 740 Cost of Goods Sold 452 Selling, General, & Admin Exp. 124 Depreciation 40 Earnings Before Interest & Taxes 124 Interest Expense 24 Taxable Income 100 Taxes at 40% 40 Net Income 60 Dividends 18 Addition to Retained Earnings 42 Balance Sheets as of 12-31 Assets 2010 2011 Cash 20 20 Account Receivable 102 110 Inventory 76 80 Total Current Assets 198 210 Net Fixed Assets 352 410 Total Assets 550 620 Liabilities and Owners Equity 2010 2011 Accounts Payable 62 70 Notes Payable 0 0 Total Current Liabilities 62 70 Long-Term Debt 280 300 Common Stock 34 34 Retained Earnings 174 216 Total Liab. and Owners Equity 550 620 Firefly Enterprises Income Statement ($ Million) 2011 Sales 740 Cost of Goods Sold 452 Selling, General, & Admin Exp. 124 Depreciation 40 Earnings Before Interest & Taxes 124 Interest Expense 24 Taxable Income 100 Taxes at 40% 40 Net Income 60 Dividends 18 Addition to Retained Earnings 42 Balance Sheets as of 12-31 Assets 2010 2011 Cash 20 20 Account Receivable 102 110 Inventory 76 80 Total Current Assets 198 210 Net Fixed Assets 352 410 Total Assets 550 620 Liabilities and Owners Equity 2010 2011 Accounts Payable 62 70 Notes Payable 0 0 Total Current Liabilities 62 70 Long-Term Debt 280 300 Common Stock 34 34 Retained Earnings 174 216 Total Liab. and Owners Equity 550 620 Solution Sales 858.40 Cost of goods sold 524.32 Selling, General, & Admin Exp. 143.84 Depreciation 40 EBIT 294.08 Interest expense 24 Taxable income 270.08 Taxes at 40% 108.032 Net income 162.048 Dividends 18 Addition to retained earnings 144.048 External finance required = total assets – liabilities- owners equity Assets Cash 23.2 Account receivable 118.32 Inventory 88.16 Total current assets 229.68 Net fixed assets 352 Total assets 581.68 Liabilities and owners equity Account payable 71.92 Notes payable 0 Total current liabilities 71.92 Long term debt 280 Common stock 34 Retained earnings 144.048 External finance required =581.68 – 529.968 =51.712 Assumption Sales 858.40 Cost of goods sold 524.32 Selling, General, & Admin Exp. 143.84 Depreciation 40 EBIT 294.08 Interest expense 24 Taxable income 270.08 Taxes at 40% 108.032 Net income 162.048 Dividends 18 Addition to retained earnings 144.048 External finance required = total assets – liabilities- owners equity Assets Cash 23.2 Account receivable 118.32 Inventory 88.16 Total current assets 229.68 Net fixed assets 352 Total assets 581.68 Liabilities and owners equity Account payable 71.92 Notes payable 0 Total current liabilities 71.92 Long term debt 280 Common stock 34 Retained earnings 144.048 External finance required =581.68 – 529.968 =51.712.

Upper Secondary Principles of Account-Profit or loss accountMarioSonic54

1.Cash flow information Direct and indirect methodsThe comp.docx

mansonagnus

1. Cash flow information: Direct and indirect methods The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current accounts: 20X5 20X4 Increase / Decrease) Current assets Cash $55,400 $35,200 $20,200 Accounts receivable (net) 83,800 88,000 -4,200 Inventory 243,400 233,800 9,600 Prepaid expenses 25,400 24,200 1,200 Current liabilities Accounts payable $123,600 $140,600 ($17,000) Taxes payable 43,600 49,200 -5,600 Interest payable 9,000 6,400 2,600 Accrued liabilities 38,800 60,400 -21,600 Note payable 44,000 — 44,000 The accounts payable were for the purchase of merchandise. Prepaid expenses and accrued liabilities relate to the firm's selling and administrative expenses. The company's condensed income statement follows. SIGN GRAPHICS INC. Income Statement for the Year Ended December 31, 20x5 Sales $713,800 Less: Cost of goods sold 323,000 Gross profit $390,800 Less: Selling & administrative expenses $186,000 Depreciation expense 17,000 Interest expense 27,000 230,000 Add: gain on sale of land $160,800 21,800 Income before taxes $182,600 Income taxes 36,800 Net income $145,800 Other data: 1. Long-term investments were purchased for cash at a cost of $74,600. 2. Cash proceeds from the sale of land totaled $76,200. 3. Store equipment of $44,000 was purchased by signing a short-term note payable. Also, a $150,000 telecommunications system was acquired by issuing 3,000 shares of preferred stock. 4. A long-term note of $49,400 was repaid. 5. Twenty thousand shares of common stock were issued at $5.19 per share. 6. The company paid cash dividends amounting to $128,600. Instructions: a. Prepare the operating activities section of the company's statement of cash flows, assuming use of: 1. The direct method. 2. The indirect method. b. Prepare the investing and financing activities sections of the statement of cash flows. .

1.Cash flow information Direct and indirect methodsThe co.docx

mansonagnus

The financial statements of ABC Co. appear below: ABC Co. Comparative Balance Sheet December 31, 2014 ASSETS 2014 2013 Cash $25,000 $40,000 Marketable Securities 20,000 60,000 Accounts Receivable (net) 40,000 30,000 Inventory 150,000 170,000 Property, Plant and Equipment (net) 170,000 200,000 Total assets $405,000 $ 500,000 Liabilities and Stockholders’ equity Accounts Payable $25,000 $30,000 Short Term Notes Payable 40,000 90,000 Bonds Payable 75,000 160,000 Common Stock 175,000 145,000 Retained Earnings 90,000 75,000 Total Liabilities and Stockholders’ Equity $405,000 $500,000 ABC Co. Income Statement For the Year Ended December 31, 2014 Net Sales $360,000 Cost of Goods Sold 184,000 Gross Profit 176,000 Expenses Interest Expense 21,000 Selling Expense 30,000 Administrative Expense 20,000 Total Expenses 71,000 Income before income taxes 105,000 Income tax expense 30,000 Net income $75,000 Additional information: a. Cash dividends of $50,000 were declared and paid in 2014. b. Weighted average number of shares of common stock outstanding during 2014 was 62,000 shares c. Market value of common stock on December 31, 2014 was $15 per share. d. Net cash provided by operating activities for 2014 was $65,000 Instructions: Using the financial statements and additional information, compute the following ratios for ABC Co. for 2014. Show all computations. 1. Current ratio 2. Return on common stockholders equity 3. Price earnings ratio 4. Inventory turnover ratio 5. Receivables turnover 6. Times interest earned 7. Profit margin ratio 8. Average days in inventory 9. Payout ratio 10. Return on assets .

Question 1Given the financial statements below for Firefly Enterpr.pdf

alamshoes001

Upper Secondary Principles of Account-Profit or loss accountMarioSonic54

1.Cash flow information Direct and indirect methodsThe comp.docx

mansonagnus

1.Cash flow information Direct and indirect methodsThe co.docx

mansonagnus

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VarunMehrotra19

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DBA Company Income Statement For the period ended December 31,.pdf

arasanmobiles

DBA Company Income Statement For the period ended December 31, 2015 Revenues Service Revenue $2,80,500 Total Revenues $2,80,500 Costs and Expenses Salaries and Wages $1,09,000 Supplies Expenses $14,400 Maintenance $30,500 Advertising Expenses $9,400 Utilities Expenses $16,900 Property Tax Expenses $21,000 Insurance Expenses $28,000 Depreciation Expenses $5,800 Interest Expenses $12,000 Total Costs and Expenses $2,47,000 Net Income / (Net Loss) $33,500 DBA Company Statement of Retained Earnings For the year ended December 31, 2015 Retained Earnings - 1/1/15 $2,000 Add: Net Income $33,500 $35,500 Less: Dividends $14,000 Retained Earnings - 31-12-2015 $21,500 DBA Company Balance Sheet As on December 31, 2015 Assets Amount Amount Liabilities Amount Current Assets Current Liabilities Cash $37,400 Accounts Payable $14,600 Supplies $4,200 Property Tax Payable $3,000 Prepaid Insurance $3,900 Interest Payable $6,000 Unearned Service Revenue $700 Long-Term Assets Land $80,000 Long-Term Liabilities Equipment $1,20,000 Mortgage Payable $50,000 Less: Accumulated Depreciation $42,000 $78,000 Share Holders Equity Retained Earnings $21,500 Common Stock $1,07,700 Total Assets $2,03,500 Total Liabilites and Equity $2,03,500 Solution DBA Company Income Statement For the period ended December 31, 2015 Revenues Service Revenue $2,80,500 Total Revenues $2,80,500 Costs and Expenses Salaries and Wages $1,09,000 Supplies Expenses $14,400 Maintenance $30,500 Advertising Expenses $9,400 Utilities Expenses $16,900 Property Tax Expenses $21,000 Insurance Expenses $28,000 Depreciation Expenses $5,800 Interest Expenses $12,000 Total Costs and Expenses $2,47,000 Net Income / (Net Loss) $33,500 DBA Company Statement of Retained Earnings For the year ended December 31, 2015 Retained Earnings - 1/1/15 $2,000 Add: Net Income $33,500 $35,500 Less: Dividends $14,000 Retained Earnings - 31-12-2015 $21,500 DBA Company Balance Sheet As on December 31, 2015 Assets Amount Amount Liabilities Amount Current Assets Current Liabilities Cash $37,400 Accounts Payable $14,600 Supplies $4,200 Property Tax Payable $3,000 Prepaid Insurance $3,900 Interest Payable $6,000 Unearned Service Revenue $700 Long-Term Assets Land $80,000 Long-Term Liabilities Equipment $1,20,000 Mortgage Payable $50,000 Less: Accumulated Depreciation $42,000 $78,000 Share Holders Equity Retained Earnings $21,500 Common Stock $1,07,700 Total Assets $2,03,500 Total Liabilites and Equity $2,03,500.

The financial statements of Hainz Company appear below HAINZ COMPANY .pdf

mallik3000

The financial statements of Hainz Company appear below HAINZ COMPANY Comparative Balance Sheet December 31, Assets Cash... Short-term investments Accounts receivable (net)... Inventory Property, plant and equipment (net) $ 40,000 60,000 30,000 0,000 260,000 300000 400.000 $500.000 20,000 20,000 40,000 60,000 ... Total assets... Liabilities and stockholders\' equity Accounts payable Short-term notes payable. Bonds payable. $ 20,000 40,000 80,000 150,000 30,000 90,000 160,000 150,000 Common stock Retained earnings Total liabilities and stockholders\' equity. $400,000 $500.000 HAINZ COMPANY Income Statement For the Year Ended December 31, 2017 $400,000 t sales Cost of goods sold. Gross profit. Expenses 250,000 150,000 Operating expenses Interest expense $42,000 18,000 Total expenses 90,000 ncome before income taxes... ncome tax expense et income $ 63.000 Weighted-average number of shares of common stock outstanding during 2017 was 30.0 shares Cash dividends of $23,000 were declared and paid in 2017 Market value of common stock on December 31, 2017, was $21 per share Solution 1 Current Ratio = Current Asset / Curret Liability = =140000/60000 = 2.33 2 Accounts receivable turnover ratio = the net credit sales/ average accounts receivable = $400000/$35000 11.42857 times 3 accounts collection period = 365/Accounts receivable turnover ratio =365/11.42857 31.9375 days 4 Inventoy Turnover Ratio = Cost of Goods Sold/Average Inventory = $2,50,000/$65000 3.846154 times 5 Average day to sell inventory = Inventory/Cost of Sales *365 =60000/250000*365 87.6 days 6 Times Interest Earned = (Income before taxes and interest)/interest expense = ($90000+18000)/18000 6.00 times 7 Profit Margin = Net Income / Sales = 63000/400000 15.75% 8 Asset Turnover = Sales or Revenues / Total Assets = $400000/400000 1 times 9 Debt to asset ration = Total Liability / Total asset = $140000/$400000 0.35 10 Return on asset ratio = Net Income/Averge total asset = 63000/450000 14% WORKING total current assets = total assets - Net property, plant, equipment = $400000-$260000 = $140000 Total current liabilities = [accounts payable + notes payable] $20000 + 40000 = $60000 Average Account Receivable = (Opening Debtors+Closing Debtors)/2 = ($30000+$40000)/2 = $35000 Average Inventory = (Opening Inventory+Closing Inventory)/2 = ($70000+$60000)/2 = $65000 Long-term debt + Equity = Total liabilities and equity – Total current liablities = $275.00 – 65 = $201.00 Total liability = Accounts Payable+ Notes Payable+Bonds Payable = $20000+40000+80000 = 140000 Average Total asset = (Total opening asset+ total closing asset)/2 = ($400000+$500000)/2 = $4,50,000.

Problem 8 The trial balance of Hunter Inc. included the following acc.pdf

arumugambags

please help me with 11-3 to 11-5 your help is greatly appreciated thanks Solution As per policy, only one question is allowed to answer at a time, so answering 11-3 :E 11 -3) (a)DateAccounts TitlesDebit $Credit $10-JanCash350000Common Stock350000.(being issue of shares at $5 per share)1-JulCash280000Common Stock200000.Paid in capital in excess of par- CS80000(being issue of shares at $5 per sharewith additional capital of $2 per share)E 11 -3) (b)DateAccounts TitlesDebit $Credit $10-JanCash350000Common Stock70000.Paid in capital in excess of stated value-CS280000(being issue of shares at $1 stated value)1- JulCash280000Common Stock40000.Paid in capital in excess of stated value-CS240000(being issue of shares at $1 stated value).

Personal Reflection Question - Total Marks 30 (max word limit- .docx

LacieKlineeb

Personal Reflection Question - Total Marks 30 (max word limit- 300) Balance Sheet of ABC Ltd. as on 31st March 2020 Liabilities Amount Assets Amount Share Capital 16.00 Fixed Assets (Net) 60.00 Investments 16.60 Reserves & Surplus 22.00 Cash & Bank 00.20 Secured Loans 21.00 Debtors 11.80 Unsecured Loans 25.00 Inventories 10.60 Current Liabilities 16.00 Prepaid Expenses 00.80 Total 100.00 Total 100.00 Profit and loss account for the year ended on 31st March 2020 Particulars Amount Particulars Amount Opening Stock 13 Sales 105 Purchases 69 Closing Stock 15 Wages 12 Other expenses 10 Gross Profit 16 Total 120 Total 120 Admin. expenses 1.50 Gross Profit b/d 16 Selling expenses 2.00 Depreciation 2.50 Interest 1.00 Net Profit 9.00 Total 16.00 Total 16.00 Income tax 4.00 Net Profit b/d 9.00 Equity dividend 3.00 Retained earnings 2.00 Total 9.00 Total 9.00 Calculate the following :- (20 Marks ) Current Ratio Quick Ratio Inventory Turnover Ratio Debtors Turnover Ratio Fixed Assets Turnover Ratio Debt to Equity Ratio Gross Profit Ratio Net Profit Ratio Return on shareholders equity. Average Collection Period 2. Imagine yourself as an entrepreneur of ABC LTD. ABC Ltd is a new startup dealing with high-end -organic products ( FMCG). Based on the given scenario- answer the following questions. (10 Marks) Which source of finance would you prefer for the start up - Debt / Equity or both? Provide your reason for the same. After 2 successful years, you have planned to expand your business to Organic Cosmetic Products as well. Detail on the external source of funds that you prefer. .

In.docx

migdalialyle

Income Statement Balance Sheet Next Year This Year Next Year Revenue $5,000 Total assets $1,000 $2,000 Operating expenses 4,000 Liabilities & equity: EBIT 1,000 Current liabilities $ 576 $ 200 Interest (8%) ? Long-term debt 100 ? EBT ? Equity 324 ? Taxes(40%) ? Earnings after tax ? Total liabilities & equity $1,000 $2,000 The firm pays 8% interest on all of its debt and is subject to a 40% tax rate. Complete the plan. 1. Emperor Corporation's financial statements for the last year are shown below. The firm paid a $1,000 dividend to its stockholders during the year. There were no sales of new stock. Balance Sheets ASSETS Ending Beginning Income Statement Cash $ 2,000 $ 1,600 Sales $100,000 Accounts receivable 12,000 5,200 COGS 80,000 Inventory 14,000 15,600 Gross Margin $ 20,000 Current Assets $28,000 $22,400 Cash Expenses $ 8,000 Gross Fixed assets $27,000 $20,000 Depreciation 1,600 Accumulated depreciation (16,000 ) (14,400 ) EBIT $ 10,400 Net fixed assets 11,000 5,600 Interest 800 Total assets $39,000 $28,000 EBT $ 9,600 LIABILITIES Tax 2,600 Accounts payable $ 3,000 $ 2,500 Net Income $ 7,000 Accruals 1,000 1,500 Current Liabilities $ 4,000 $ 4,000 Long term Debt 10,000 5,000 Equity 25,000 19,000 Total liabilities & equity $39,000 $28,000 Develop Emperor's Statement of Cash Flows. .

Preparation of final accounts of partners

PRASANTH VENPAKAL

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saranyakumanan2

Chapter 18, Question 1- The following is the financial statement o.docx

DinahShipman862

Chapter 18, Question 1- The following is the financial statement of Executive Fruit Company for the year ended December 2014. INCOME STATEMENT, 2014 (Figures in $ Thousands) Revenue $ 3,500 Cost of goods sold 3,150 EBIT $ 350 Interest 70 Earnings before taxes $ 280 State and federal tax 112 Net income $ 168 Dividends 112 Additions to retained earnings $ 56 BALANCE SHEET (Year-End, 2014) (Figures in $ Thousands) Assets Net working capital $ 350 Fixed assets 1,400 Total assets $ 1,750 Liabilities and shareholders' equity Long-term debt $ 700 Shareholders' equity 1,050 Total liabilities and shareholders' equity $ 1,750 The following are the first stage and second stage pro forma financial statements of Executive Fruit Company for the year ended December 2015. First stage pro forma statements: PRO FORMA INCOME STATEMENT, 2015 (Figures in $ Thousands) Revenue $ 3,850 Cost of goods sold 3,465 EBIT $ 385 Interest 70 Earnings before taxes $ 315 State and federal tax 126 Net income $ 189 Dividends 126 Additions to retained earnings $ 63 PRO FORMA BALANCE SHEET (Year-End, 2015) (Figures in $ Thousands) Assets Net working capital $ 385 Fixed assets 1,540 Total assets $ 1,925 Liabilities and shareholders' equity Long-term debt $ 700 Shareholders' equity 1,113 Total liabilities and shareholders' equity $ 1,813 Required external financing $ 112 Second stage pro forma balance sheet: PRO FORMA BALANCE SHEET (Year-End, 2015) (Figures in $ Thousands) Assets Net working capital $ 385 Fixed assets 1,540 Total assets $ 1,925 Liabilities and shareholders' equity Long-term debt $ 812 Shareholders' equity 1,113 Total liabilities and shareholders' equity $ 1,925 How would Executive Fruit’s financial model change if the dividend payout ratio were cut to 1/3? Use the revised model to generate a new financial plan for 2015 assuming that debt is the balancing item. What would be the required external financing? (Do not round intermediate calculations.) Dividends fall by $ [removed]. Therefore, the requirement for external financing falls from $ [removed]to $ [removed]. On the other hand, shareholders' equity will be increased by $ [removed]. The right-hand side of the balance sheet becomes (Do not round intermediate calculations. Enter your answers in thousands.) : Long-term debt $ [removed] Shareholders' equity [removed] Total $ [removed] Chapter 18, Question 2- Find the sustainable and internal growth rates for a firm with the following ratios: asset turnover = 1.60; profit margin = 6%; payout ratio = 30%; equity/assets = .50. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Sustainable growth rate [.

1]Resistance is a ability to ward off diseases, It involves a netw.pdf

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