ASSETSCurrent assets:CashMANGO INC..CONSOLIDATED BALANCE SHEETSeptember 30, 2017(dollars in millions)Short-term investmentsAccounts receivableInventoriesOther current assetsTotal current assetsLong-term investmentsProperty, plant, and equipment, netOther noncurrent assetsTotal assetsLIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities:Accounts payableAccrued expensesUnearned revenue.Short-term notes payableTotal current liabilitiesLong-term debtOther noncurrent liabilitiesTotal liabilities.Stockholders' equity:Common stock ($0.00001 per value)Additional paid-in capitalRetained earningsTotal stockholders' equityTotal liabilities and shareholders' equityAssume that the following transactionsfin$ 14,02411,37717,6812,13424,14169,357131,73220,87312,676$234,638$ 30,56318,6798,5996,38564,22629,34428,196121,766125,21287,659112,872$234,638 Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September 29, 2018):a. Borrowed $18,299 from banks due in two years.b. Purchased additional investments for $24,100 cash; one-fifth were long term and the rest were short term.Purchased property, plant, and equipment; paid $9,605 in cash and signed a short-term note for $1,443.d. Issued additional shares of common stock for $1,503 in cash; total par value was $1 and the rest was in excess of parvalue.e. Sold short-term investments costing $19,040 for $19,040 cash.f. Declared $11,158 in dividends to be paid at the beginning of the next fiscal year.P2-5 Part 33. Prepare a trial balance for the period ended September 29, 2018. (Enter your answers in millions.)AssetsMANGO, INC.Trial Balance(in millions)4. Prepare a classified balance sheet for Mango at September 29, 2018, based on these transactions. (Enter your answers in millions.)MANGO, INC.Balance Sheet(in millions)DebitLiabilities and stockholders' equity$0Credit5. Compute Mango's current ratio for the year ending on September 29, 2018. (Round your answer to 2 decimal places.)Answer is complete but not entirely correct.Current ratio1.07

The balance sheet is created at the conclusion of an accounting period to demonstrate an entity's…

ASSETS Current assets: Cash MANGO INC.. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable. Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 14,024 11,377 17,681 2,134 24,141 69,357 131,732 20,873 12,676 $234,638 $ 30,563 18,679 8,599 6,385 64,226 29,344 28,196 121,766 1 25,212 87,659 112,872 $234,638

ASSETS Current assets: Cash MANGO INC.. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable. Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 14,024 11,377 17,681 2,134 24,141 69,357 131,732 20,873 12,676 $234,638 $ 30,563 18,679 8,599 6,385 64,226 29,344 28,196 121,766 1 25,212 87,659 112,872 $234,638

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.10E

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Cash Accounts receivable (net) Inventories Total current assets Noncurrent assets Current liabilities Long-term liabilities Shareholders' equity Net income Interest expense Income tax expense Sanchez Corporation Selected Financial Information The debt to equity ratio for 2016 is: OA) 0.80 OB) 0.44 Oc) 0.67 OD) 0.13 12/31/16 $ 20,000 100,000 190,000 310,000 230,000 200,000 40,000 300,000 $40,000 10,000 20,000
Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year ??? ??? 320,715 397,400 40,500 33,750 500,000 541,650 17,500 47,500 94,000 105,000 328,500 431,876.00 33,750 35,000 54,000 54,402.00 40,500 42,823.00 279,000 288,000 339,660.00 398,369.00 946,535 999,000 148,500 162,000 126,000 162,881.00 306,000 342,000 639,000 847,928.00 24,750 47,224.00 What is the current year's return on assets (ROA)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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O Accounts payable Accounts receivable Accruals Category Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Not fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year 3,153.00 5,992.00 6,936.00 9,031.00 5,792.00 6,116.00 20,429.00 13,896.00 ??? Category 222 2,850 22,561.00 500 952.00 4,008.00 46,360 350 What is the firm's cash flow from financing? 1,259.00 1,120.00 3,060.00 6,658.00 16,820.00 22,100.00 75,431.00 74,071.00 6,567.00 19,950 20,000 35,524.00 34,531.00 45,432.00 2,850 Submit 18,594.00 500 1,019.00 920 Answer format: Number: Round to: 0 decimal places
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Compared to the ROE in 2020, the ROE in 2021 has Improved / 6.65% Improved / 3.43% Worsened / -6.65% Worsened / -3.43% Stayed the same / 0% by