Reference no: EM131293692
Given the following comparative financial data, conduct a trend analysis focusing on current ratio, quick ratio and cash ratio.
2013 2012 2011
Assets
Current Assets
Cash 30,000 35,000 35,000
Short-Term Investments 20,000 15,000 5,000
Accounts Receivable 20,000 15,000 10,000
Inventory 50,000 45,000 50,000
Total 120,000 110,000 100,000
Non-Current Assets
Plant Assets 110,000 97,000 90,000
Accumulated Depreciation (10,000) (7,000) (6,000)
Plant Assets, net 100,000 90,000 84,000
Total Assets 220,000 200,000 184,000
Liabilities
Accounts Payable 55,400 50,000 51,000
Long-Term Debt 80,000 75,000 70,000
Stockholders Equity
Total Liabilities 135,400 125,000 121,000
Common Stock 45,000 45,000 45,000
Retained Earnings 39,600 30,000 18,000
Total Stockholders' Equity 84,600 75,000 63,000
Total Liabilities & Stockholders' Equity 220,000 200,000 184,000
|
Prepare the journal entries required in the various accounts
: Wildwood Township entered into the following transactions during 20X6: The township entered into a contract for construction of the fountain at an estimated cost of $4,850,000. Prepare the journal entries (budgetary and actual) required in the variou..
|
|
Determine the payback period-arr and npv
: Company X is planning on purchasing a 3-D printer. The expected cost of this printer is $75,000, and it is expected to have a useful life of 6 years and an estimated salvage value of $3,000. Assuming Company X is in the 34% tax bracket and has a mini..
|
|
What were total direct costs for finance department
: Cherry Community Hospital has three support departments—administration, housekeeping, and finance—and three patient service departments—medicine, surgery, and pharmacy. what were total direct costs (the original cost pool) for the finance department?
|
|
Determine the breakeven point in total units
: Smith Company can produce two types of carpet cleaners, Brighter and Cleaner. Data on these two products are as follows: Using a spreadsheet, determine the breakeven point in total units for Smith Company, assuming that the sales mix (based on physic..
|
|
Trend analysis focusing on current ratio-quick-cash ratio
: Given the following comparative financial data, conduct a trend analysis focusing on current ratio, quick ratio and cash ratio.
|
|
Record the conversions using the book value method
: On January 1, 2014, Gottlieb Corporation issued $4,450,000 of 10-year, 9% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be converted into 9 shares of Gottlieb Corporation $103..
|
|
Prepare stockholders equity section of the balance sheet
: The following is a summary of all relevant transactions of Martinez Corporation since it was organized in 2017. In 2017, 14,600 shares were authorized and 7,700 shares of common stock ($60 par value) were issued at a price of $67. Prepare the stockho..
|
|
Source of cash under cash flows from investing activities
: A machine with a cost of $130,000 and accumulated depreciation of $85,000 is sold for $50,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is?
|
|
Cash break-even point units and variable cost
: Night Shades Inc. (NSI) manufactures biotech sunglasses. The variable materials cost is $15.60 per unit, and the variable labor cost is $5.70 per unit. What is the variable cost per unit? If the selling price is $41.50 per unit, what is the cash brea..
|