Q1 compute the owners equity the data givenbased on the

Assignment Help Financial Accounting

Reference no: EM13356170

Q1. Compute the owner's equity the data given

Based on the following information, calculate stockholders' equity:

Cash = $30;

Total current liabilities = $80;

Accounts receivable = $30;

Inventory = $90;

Net fixed assets = $220;

Accounts payable = $20;

Long term debt = $50.

Q2. Compute the cost of goods sold using the current, Acid test ratio and current liabilities.

Calculate the value of cost of goods sold for Large Stone Brewing given the following information:

Current liabilities = $340,000;

Quick ratio = 1.8;

Inventory turnover = 4.0;

Current ratio = 3.3.

Reference no: EM13356170

Questions Cloud

Multiple choice questions in accounts fundamentals1the : multiple choice questions in accounts fundamentals1.the matching rule relates to credit losses by stating that bad debt

Multiple choice questions based on fundamentals in : multiple choice questions based on fundamentals in accounting1.on january 1 a machine with a useful life of five years

Multiple choice questions1 recording depreciation expense : multiple choice questions1. recording depreciation expense each period is necessary in accordance with the a.matching

Compute sustainable growth rateinkheart inc has a profit : compute sustainable growth rateinkheart inc has a profit margin of 11 and a retention ratio of 70. last year the firm

Q1 compute the owners equity the data givenbased on the : q1. compute the owners equity the data givenbased on the following information calculate stockholders equitycash

Sinking fund payments for issue of debenturescarter : sinking fund payments for issue of debenturescarter manufacturing company has outstanding an issue of 9 percent

Sinking fund payments for issue of bondsodowell tool and : sinking fund payments for issue of bondsodowell tool and machine company is about to sell a 100 million issue of bonds.

Preparation of cash flow statementuse the following : preparation of cash flow statement.use the following information to prepare a cash flow statement for oju company for

Calculation of goods available for sale inventory and : calculation of goods available for sale inventory and cogs.oju company uses the periodic inventory system and applied

User Account

All Pages