In 2x20, ABC Company has the following data on its statement of financial position: Cash - 15,000,000 Marketable Securities - 20,000,000 Property, Plant, Equipment - 30,000,000 Long term debt - 36,000,000 Inventory - 25,000,000 Short term debt - 15,000,000 Accounts payable - 15,000,000 During this year, the company repoted a 12,000,000 of net income. The company's total asset in the previous year was 60,000,000. Requirement: Compute for: Debt to asset ratio Return on assets

In 2x20, ABC Company has the following data on its statement of financial position: Cash - 15,000,000 Marketable Securities - 20,000,000 Property, Plant, Equipment - 30,000,000 Long term debt - 36,000,000 Inventory - 25,000,000 Short term debt - 15,000,000 Accounts payable - 15,000,000 During this year, the company repoted a 12,000,000 of net income. The company's total asset in the previous year was 60,000,000. Requirement: Compute for: Debt to asset ratio Return on assets

Name: In 2x20, ABC Company has the following data on its statement of financ
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Description: In 2x20, ABC Company has the following data on its statement of financial position:Cash - 15,000,000Marketable Securities - 20,000,000Property, Plant, Equipment - 30,000,000Long term debt - 36,000,000Inventory - 25,000,000Short term debt - 15,000,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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In 2x20, ABC Company has the following data on its statement of financial position:Cash - 15,000,000 Marketable Securities - 20,000,000 Property, Plant, Equipment - 30,000,000 Long term debt - 36,000,000 Inventory - 25,000,000 Short term debt - 15,000,000 Accounts payable - 15,000,000 During thi syar, the company repoted a 12,000,000 of net income. The company's total asset in the previous year was 60,000,000. Requirement: Compute fir: 1. Current assets 2. Current liabilities 3. Current ratio 4. Debt to asset ratio 5. Return on assets
The 2021 Balance Sheet of Eighty-Five Ltd. show a total of $100,000 in current assets, which is made up of $35,000 (cash), $15,000 (marketable securities), $20,000 (net receivables) and inventories (that make up the difference). If the company’s current liabilities for the year is $55,000, what is its quick ratio? 1.273. 0.780. 1.000. 1.875.
Budoy Company reported the following assets and liabilities at year end: Cash 200,000 Accounts Payable 1,500,000 Trading Debt Investments 400,000 Accrued expenses 300,000 Accounts Receivable 2,500,000 Long-term note payable 2,000,000 Allowance for doubtful accounts 300,000 Bonds Payable 5,000,000 Inventory 3,000,000 Premium on Bonds Payable 100,000 Equipment 5,000,000 Differed Revenue 600,000 Patent and trademark 400,000 Long-term receivables…
NNR Inc.'s balance sheet showed total current assets of $1,875,000 plus $4,225,000 of net fixed assets. All of these assets were required in operations. The firm's current liabilities consisted of $475,000 of accounts payable, $375,000 of 6% short-term notes payable to the bank, and $150,000 of accrued wages and taxes. Its remaining capital consisted of long-term debt and common equity. What was NNR's total operating capital?
NNR Inc.'s balance sheet showed total current assets of $1,812,000 plus $4,379,000 of net fixed assets. All of these assets were required in operations. The firm's current liabilities consisted of $498,000 of accounts payable, $350,000 of 6% short-term notes payable to the bank, and $141,000 of accrued wages and taxes. Its remaining capital consisted of long-term debt and common equity. What was NNR's total investor-provided operating capital? Group of answer choices $5,829,600 $5,552,000 $4,719,200 $4,996,800 $6,107,200
Given the following Year 9 selected balance sheet data: Assets Cash on Hand Total Current Assets Total Fixed Asset Investments Total Assets Liabilities and Shareholder Equity Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Loans $116,000 235,000 230,000 $465,000 $ 56,000 0 0 17,000 Total Current Liabilities 73,000 Long-Term Bank Loans 46,000 Total Liabilities 119,000 Year 8 Year 9 Shareholder Equity: Balance Change Common Stock (at a par value of $0.50 per share 10,050 0 10,050 Additional Capital 81,500 0 81,500 Retained Earnings Total Shareholder Equity Total Liabilities and Shareholder Equity 162,450 92,000 254,450 254,000 +92,000 346,000 $465,000 Based on the above figures and the definition of the debt:equity percentages (or debt%:equity%) presented in the Help section for p. 5 of the Camera and Drone Journal, the company's debt:equity percentages (rounded to the nearest whole percentage--like 25% and 75%) and its current ratio are
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A firm has the following balance sheet for year 2020 (millions of dollars): Cash $ 12 Accounts payable $ 108 Short-term investment 30 Accruals 72 Accounts receivable 180 Notes payable 67 Inventory 180 Long-term debt 150 Net Fixed assets 300 Common stock 50 Retained earnings 255 Total liabilities Total assets $702 and equity $702 In 2020, a firm has Sales 500 million, Cost of good solds 300 million, Operating profit (EBIT) of $150 million, NI of 60 million and tax rate is 40%. In year 2019, a fırm has $460 million of total operating capital (i.e., Net operating working capital + net fixed assets). What is the free cash flow for year 2020? O $150 million $492 million $460 million $58 million $300 million
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Jackson Co. has the following balance sheet as of December 31, 2020. Current assets P600,000 Fixed assets 400,000 Total assets P1,000,000 Accounts payable P100,000 Accrued liabilities 100,000 Notes payable 100,000 Long-term debt 300,000 Total common equity 400,000 Total liabilities and equity P1,000,000 In 2020, the company reported sales of P5 million, net income of P100,000, and dividends of P60,000. The company anticipates its sales will increase 20 percent in 2021 and its dividend payout will remain at 60 percent. Assume the company is at full capacity, so its assets and spontaneous liabilities will increase proportionately with an increase in sales. Assume the company uses the AFN formula and all additional funds needed (AFN) will come from issuing new long-term debt. Given its forecast, how much long-term debt will the company have to issue in 2021?
From the given data, calculate the Debt to Total Assets Ratio for the MultiVerse Corp for 2021: Accounts payable Php 74,000 Accounts receivable 75,000 Cash 125,000 Inventory 90,000 Short-term investments 60,000 Short-term notes payable 40,000 Notes payable (due in 2023) 50,000 Total assets Php 469,000 Total liabilities 185,000 Net sales 240,000 Net income 31,500 39.45% O 34.65% O 42.63% O 17.89%