Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Kahluha Manufacturers Inc. reported the following information in its financial statements
KAHLUHA MANFACTURERS INC. Statement of Financial Position June 30
Assets
2023
2022
Cash
$32,000
$29,000
Accounts receivable
7,500
5,500
Prepaid Insurance
1,100
1,450
Inventory
220,000
175,000
Building
145,000
155,000
Equipment
36,000
40,000
Total Assets
$441,600
$405,950
Liabilities and shareholders' equity
Accounts Payable
$12,500
$14,500
Notes Payable
10,000
0
Bonds Payable
95,000
Long-Term Debt
116,000
Common shares
25,000
Retained earnings
133,100
96,450
Total liabilities and shareholders' equity
Revenue
$450,000
$300,000
Operating expenses
300,000
210,000
Income from operations
150,000
90,000
Interest expense
6,000
9,000
Income tax expense
20,250
Net income
$108,000
$60,750
Instructions -
(a) Calculate the company's debt to total assets and times interest earned ratios for each year.
(b) Determine if the change from 2022- 2023 is an improvement or deterioration.
Documents that comprise GAAP, provides a consensus on how to account for new and unusual financial transactions?
Time until retirement (in years) 18. How much does Marcy need to contribute to her retirement fund at the end of each year in order to fund her retirement?
What was the consolidated cash balance at January 1, 20X2? What amount was reported as dividends paid in the cash flow from financing activities section of the statement of cash flows?
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Using the company's conventional costing system, compute the unit product costs ..
A company reports its 20B cost of good sold at $20.0 billion. its ending inventory for 20B is $1.8 billion and for 20A, ending was $1.5 billion. How much inventory did the company purchase during 20A?
On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 45-day note with a face amount of $225,000. Determine the proceeds of the note
According to the previous year, if in August the exchange rate was 3.30 per Suns Dollars and today is 3.20, how much will be won or lost today?
They have a $1,000 par value; the coupon interest rate is 8%; and the yield to maturity is 9%. What is the bond's current market price?
Compute the adjusted net income to be used as the numerator in the basic earnings per share calculation for the year ended December 31, 2018
Terri Ronsin had recently been transferred to the Home Security Systems Division of National Home Products. Shortly after taking over her new position as divisional controller, she was asked to develop the division’s predetermined overhead rate for t..
Write the net cash used for investing activities for the year ended 30 June 20X1. Cost of equipment that was purchased: $510,000
Using the information provided above, calculate the weighted average cost of capital of Kingston Toys,calculating the cost of capital of Kingston Toys
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd