Reference no: EM132628087
Question - How do find the working capital, current ratio, acid-test ratio, debt to equity ratio, times interest earned ratio, and average collection period?
Castile Products, Inc. Balance Sheet December 31 Assets Current assets:
Cash $20,000
Accounts receivable, net 180,000
Merchandise inventory 360,000
Prepaid expenses 6,000
Total current assets 566,000
Property and equipment, net 820,000
Total assets $1,386,000
Liabilities and Stockholders' Equity
Liabilities: Current liabilities $300,000
Bonds payable, 10% 380,000
Total liabilities 680,000
Stockholders' equity:
Common stock, $10 par value $130,000
Retained earnings 576,000
Total stockholders' equity 706,000
Total liabilities and stockholders' equity $1,386,000
Calculate the amount of dividends
: Whistler had net income of $107,000. Retained earnings were $418,000 at December 31, Year 2. Calculate the amount of dividends for Year 2
|
Prepare the journal entry to record the conversion
: Prepare the journal entry to record (book value method) the conversion of 90% of the convertible bonds in January 2022 and the retirement of the remainder
|
How much is the carrying amount of the patent
: It was estimated that the patent has a useful life of 25 years. How much is the carrying amount of the patent on December 31, 20x2
|
Solution-focused coaching
: Solution-Focused Coaching. Executive coaches have a range of information and skills from which to draw on to carry out their jobs.
|
How do find the working capital and current ratio
: How do find the working capital, current ratio, acid-test ratio, debt to equity ratio, times interest earned ratio, and average collection period
|
Make in order to regain ethical compliance
: Determine two sacrifices that the selected company may have to make in order to regain ethical compliance.
|
What is Towsons accrual basis net income or loss
: The cost of this policy was $3,000. What is Towson's 2018 accrual basis net income or loss? Enter a loss as a negative number
|
General population view medical community
: How did the Lacks family, the media, and the general population view the medical community during the 1950s?
|
How much is the patent amortization
: Blue has held this patent for 5 years. T estimates that the patent has a remaining useful life of eight years. How much is the patent amortization in 20x1
|