Earning's Compute the liquidity and profitability ratios of Blossom Company for 2021 and 2022. (Round Curent ratio, Asset tumo per share to 2 decimal places, e.g. 15.50 and round all other answers to 1 decimal place, e.g. 15.5. Round % change to 0 decimal places, for e.g. 1% and if % change is a decrease show the numbers as negative, e.g.-1% or (1%).) LIQUIDITY Current ratio Accounts receivables turnover Inventory turnover 2021 :1 times times 2022 times times % Change 0 % %
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- Define each of the following terms: Annual report; balance sheet; income statement Common stockholders’ equity, or net worth; retained earnings Statement of stockholders’ equity; statement of cash flows Depreciation; amortization; EBITDA Operating current assets; operating current liabilities; net operating working capital; total net operating capital Accounting profit; net cash flow; NOPAT; free cash flow; return on invested capital Market Value Added; Economic Value Added Progressive tax; taxable income; marginal and average tax rates Capital gain or loss; tax loss carryforward Improper accumulation; S corporationFinancial statements for Allendale Company follow: Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets. Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock, (par value $10, 4% cumulative, non-participating; 8,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings. Total stockholders' equity Total liabilities and stockholders' equity ALLENDALE COMPANY Statements of Income and Retained Earnings. For the Years Ended December 31 Year 4 Year 3 Revenues $230,000 8,000 $210,000 5,000 238,000 215,000 120,000 103,000 55,000 50,000 8,000 7,200 23,000 22,000 206,000 182,200 32,000 32,800 132,000 107,000…Revenue Cost of goods sold Interest expense Income tax expense Net income Current assets (ending balance) Long-term assets (ending balance) Total assets (ending balance) Current liabilities (ending balance) Long-term liabilities (ending balance) Total liabilities (ending balance) Preferred dividends Total stockholders' equity (ending balance) Total outstanding shares Market price of shares Average inventory Average assets (excluding long-term investments) Average total assets Average total stockholders' equity Question 6 2021 2020 2019 2018 2017 10,901,977.24 7,508,199.16 5,727,216.00 3,941,696.00 3,011,800.00 2,061,536.40 1,374,357.60 1,025,640.00 683,760.00 518,000.00 1,052,060.00 891,576.00 768,600.00 610,000.00 500,000.00 1,225,572.00 845,222.00 640,320.00 441,600.00 320,000.00 5,571,720.00 3,714,480.00 2,772,000.00 1,848,000.00 1,400,000.00 11,751,396.40 9,039,535.60 68,480,133.20 5,035,392.00 4,060,800.00 6,091,200.00 17,627,094.60 13,559,303.40 102,720,199.80 7,553,088.00…
- Financial statements for Rundle Company follow. Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities. Total liabilities Stockholders' equity. Preferred stock, (par value $10, 4% cumulative, non-participating; 7,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Revenues Sales (net) Other revenues RUNDLE COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 Total revenues Expenses Cost of goods sold RUNDLE COMPANY Balance Sheets As of December 31 Selling, general, and administrative Interest expense…Calculate the common-sized percentage 2023. for Gross Margin inRefer to the following selected financial information from WorkFit Corporation. Compute the company's acid-test ratio. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Current liabilities Multiple Choice O O O 2.76. 0.91. 1.10. 2.67. 1.63. $ 42,250 59,180 79,500 115,000 9,700 111,000
- Ch: Analyzing Financial Statements The current year financial statement for sand and Juffair companies are presented below. Balance sheet at 31 Dec 2019 Item Cash Account receivable (net) Inventory Property & equipment (net) Other assets Total assets Current liabilities Long-term debt (interest rate: 10%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity Income statement at 31 Dec 2019 item Sales revenue (1/3 on credit) (-) Cost of goods sold (-) Operating expenses Net income Other data item Per share stock price at end of current year Average income tax rate Dividends declared and paid in current year Sand 45000 45000 95000 160000 90000 435000 95000 75000 155000 40000 70000 435000 Sand 440000 230000 159000 51000 Sand 23 30% 34000 Juffair 22000 35000 45000 415000 320000 837000 65000 65000 522000 110000 75000 837000 Juffair 800000 399000 315000 86000 Juffair 25 30% 153000 Both companies are in the fish catching and…DIRECT METHOD Condensed financial data of Coronado Company for 2020 and 2019 are presented BELOW CORONADO COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 Cash Receivables Inventory Plant Assets Accumulated depreciation Long-Term investments (held to maturity) Accounts payable. Accrued liabilities Bonds Payable Common Stock Retained earnings Sales Revenue Cost of goods sold Gross Margin Selling and administrative expenses Income from operations S $ Other revenues and gains Gain on sale of investments Income bafor tax Income tax expense Net income Cash dividends Income retained in business $ $ $ $ $ 1,800 $ 1,770 S 1,560 $ 1,900 $ (1,220) S 1,300 $ 7,110 $ MARIGOLD COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 1220 190 1410 1870 2420 7110 6860 4710 2150 920 1230 80 1310 530 780 260 520 2019 1,130 1,320 1,890 1,700 (1,180) 1,430 6,290 880 250 1520 1730 1900 6280 Additonal Information: During the year, $120 of common stock was issued in exchange for…Use the following financial statements and additional information. IKIBAN INCORPORATED Comparative Balance Sheets June 30, 2021 and 2020 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity Sales Cost of goods sold Gross profit Operating expenses Depreciation expense other expenses Total operating expenses Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income Requirement IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 General Journal View transaction list Journal entry worksheet Date June 30 2 General Ledger 3 Note: Enter debits before credits. 2021 $ 87,500 65,000 63,800 4,400 220,700 124,000 (27,000) $317,700 5…
- Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes SMOLIRA GOLF, INCORPORATED 2022 Income Statement Net income Dividends Retained earnings 2021 Short-term solvency ratios a. Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debt-equity ratio i. Equity multiplier j. Times interest earned ratio k. Cash coverage ratio Profitability ratios I. Profit margin m. Return on assets n. Return on equity $3,061 4,742 12,578 $ 20,381 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 52,746 $ 73,127 2021 $ 188,370 126, 703 5,283 $ 56,384…Cash Accounts receivable Short-term debt investments (available-for-sale) Inventory Prepaid rent Equipment Accumulated depreciation-equipment Copyrights Total assets Accounts payable Income taxes payable Salaries and wages payable Short-term loans payable Long-term loans payable Common stock. $10 par Contributed capital, common stock Retained earnings Total liabilities & stockholders' equity Sales revenue Cost of goods sold Gross profit AYAYAI INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2017 Operating expenses Operating income 12/31/17 12/31/16 $6,000 $5,900 52,400 50,800 35,100 10,100 40.100 60,400 5,100 4,000 152,400 131,000 (34,700) (24,000) 45,500 49,900 $311,900 $296,300 Interest expense Gain on sale of equipment Income before tax Income tax expense Net income $45,900 $39,900 4,000 6,000 8,100 4,000 8,100 10,000 59,500 68,700 100,000 100,000 30,000 30,000 56.300 37,700 5311,900 $296,300 $11,400 2,000 $337,125 176,500 160,625 120,500 40,025 9,400 30,625 6,125 $24,500…Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2021-2015 2019 ($ thousands) Sales Cost of goods sold Gross profit Operating expenses Net income ($ thousands) Assets Cash Accounts receivable, net Merchandise inventory Other current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity Required 1 Comp IS 2021 $ 2,133 1,533 Required 1 Comp BS 600 457 $ 143 Sales Cost of goods sold Gross profit Operating expenses Net income 2021 2020 $ 1,868 1,247 621 357 $ 264 % % 2021 $ 119 853 3,086 79 0 HAROUN COMPANY Comparative Year-End Balance Sheets December 31, 2021-2015 2020 2019 3,777 $ 7,914 $ 1,700 1,073 627 328 $ 299 Complete this question by entering your answers in the tabs below. $ 157 896 2,247 71 0 3,762 $ 7,133 % % 2018 $ 1,558 939 619 242 $…