Problem 1 The balance sheet of Kangaroo Company as of December 31 is presented below:. 2019 P 45,000 60,000 60,000 70,000 300,000 |(45,000) P490,000 Assets Cash Marketable Securities 2020 Accounts Receivable (net) Inventory Property, Plant and Equipment Accumulated Depreciation P 60,000 85,000 80,000 100,000 300,000 (80,000) P545,000 Total Assets Liabilities and Shareholder's Equity Accounts Payable Short-term Notes Payable Bonds Payable Ordinary Shares Retained Earnings Total Liabilities and Shareholder's Equity 35,000 50,000 85,000 200,000 120,000 P490,000 45,000 50,000 75,000 225,000 150,000 P545,000 Ordinary shares have par value of P5.00 per share. In April 1, 2020, the Kangaroo Company issued additional shares as part of its funding plan.
Q: DECEMBER 31, 2019 Cash $8,500 Current liabilities $15,000 Current assets other than cash…
A: The statement of cash flows is prepared for the year ending 2020. Operating activities provides net…
Q: The financial statements of Kingbird Company appear below: KINGBIRD COMPANY Comparative Balance…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: EXERCISES: 1. XYZ Corporation's most recent balance sheet and income statement appear below: XYZ…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: 186 Income Siatement For the Year Ended June 30, 2020 Net sales Cost of gueds sold (including…
A: A cash flows statement is used to find out the net changes in cash & cash equivalents. It shows…
Q: The following financial statement information is from five separate companies. Compute the amount of…
A: Equity: It refers to the shareholders' stake in the firm. Equity is the difference between total…
Q: Question 1 Below is the comparative balance sheet for Cambridge Industries Ltd.: Cambridge…
A: Statement of cash flows shows all cash inflows and cash outflows of business for the particular…
Q: Exercise no. 6 Balance Sheet and Income Statement Preparation The following are the balance sheet…
A: Income Statement and Balance sheet are two main financial statements prepared by an organization.…
Q: The balance sheet of Kangaroo Company as of December 31 is presented below: Assets Cash Marketable…
A: Participating Preference Share: In the case of participating preferred stock, the holder has the…
Q: Problem 1: ABC Company, an entity organized on January 1, 2018, provided the following information:…
A: How much would be the Total Assets in 2020 (restated)?
Q: Problem 1: ABC Company, an entity organized on January 1, 2018, provided the following information:…
A: Retained earnings are defined as the number of profits saved by the organization for future…
Q: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current…
A: Ratio analysis is an important technique which helps investors to analyze company's performance in…
Q: Problem 1: ABC Company, an entity organized on January 1, 2018, provided the following information:…
A: Retained earnings refers to that portion of earning of a company kept aside for the purpose of…
Q: Question 4 Financial information for Mango Corporation is shown below: Mango Corporation Income…
A: Working capital is the capital which the company use for day to day operations. It is calculated by…
Q: 33 La Puebla Company complied the following financial information as of December 31, 2021: Revenues…
A: Financial statements broadly consist of income statements and position statements. These statements…
Q: Balances extracted from the Statement of Financial Position as at 31 December: 2020 2019 R R Plant…
A:
Q: Balance Sheets December 31 Increase or (Decrease) 2020 2019 Amount…
A: Calculation of percentage change / increase and decrease in value Increase = New value -Old value…
Q: Question 1 The statement of comprehensive income and the statement of financial position disclosed…
A: Statement of cash flows is one of the financial statement of the business. It shows all cash inflows…
Q: , Condensed financial data of Sinjh SA follow. Sinjh SA Comparative Statements of Financial Position…
A: Cash flow statement is a statement which shows all cash inflows and cash outflows of business for…
Q: 5. A condensed statement of financial position for Malcolm Heights Inc. appears below. MALCOLM…
A: Statement of cash flow is the part of financial statement which shows the net increase or decrease…
Q: EXERCISES: 1. XYZ Corporation's most recent balance sheet and income statement appear below: XYZ…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: CASE ANALYSIS Case 1: Gardner Corporation For December 31, 2019, the balance sheet of the Gardner…
A: Financial statements shows the summaries for costs and revenues, assets, equities and liabilities,…
Q: Bridgeport Corp.’s balance sheet at December 31, 2019, is presented below. BRIDGEPORT CORP. Balance…
A: 1. Journal Entries - Journal Entries are way of recording a transaction into it. It is recorded in…
Q: Condensed financial data of Cheng Inc. follow. Cheng Inc. Comparative Balance Sheets December 31…
A: Cash flow statement The purpose of preparing the cash flow statement to identify the net cash…
Q: Compute the following ratios for 2020 and 2019. Current ratio. Inventory turnover. (Inventory on…
A: 1. Current ratio.
Q: The comparative balance sheets for Swifty Corporation show the fllowing information. December 31…
A: Formulas:
Q: The comparative balance sheet of Gus Company at December 31, 2021 and 2020 appears below: Assets:…
A: Cash flows from investing activities is an important section of cash flow statement, which shows all…
Q: 4. DDD Company provides the following balance sheet as of December 31, 2020: Current Assets (NRV of…
A: Liquidation means where the company decide to close out the operations , sell all the assets and…
Q: Balance Sheet Accounts (December 31) 2019 2020 Cash 283,000 1,000,000 P 150,000 850,000 P Marketable…
A: Financial statements can be defined as the financial reports for the accounting period that depicts…
Q: Lendell Company has these comparative balance sheet data: Lendell Company Balance Sheets December 31…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets…
A: Cash flow statement: It is prepared to show the cash flow of the organization by analyzing the total…
Q: 17. The Statement of financial position of Calvert Ltd at 31 December 2019 is as follows: Statement…
A: Cash flow statement is a statement showing the inflow and outflow of cash in an organization.
Q: Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 47,600 $ 15,400 Accounts receivable…
A: The cash flow statement is helpful for the stakeholders as they can identify the organization's…
Q: The comparative balance sheet of Gus Company at December 31, 2021 and 2020 appears below: Assets:…
A: Cash flows are of 3 Tyes - Cash flows from operating activities Cash flows from investing…
Q: 2020 $152,000 2019 Cash Accounts Receivable Inventory and supplies nvestments Machines ccumulated…
A: Cashflow statement using the indirect method begins by adjusting the net income with non cash items…
Q: P2-4. The balance sheet of Argentum Company is presented below: Assets 2020 P 160,000 580,000…
A: The Balance Sheet of a company for the year 2020 is given.
Q: The comparative balance sheet of Gus Company at December 31, 2021 and 2020 appears below: Assets:…
A: Cash flows from financing activities is an important section of cash flows statement which shows all…
Q: The Statement of financial position of Calvert Ltd at 31 December 2019 is as follow Statement of…
A: The statement prepared to find net cash inflow or outflow from the business during the period.
Q: Given below are the balances of accounts of Kriss Bhd as at 31 December 2019 and 31 December 2020.…
A: Kriss Bhd…
Q: The following trial balance of Robertson Co. at December 31, 2020 has been adjusted except for…
A: Current assets: Current assets are all those assets which are expected to be sold or used as a…
Q: The balance sheet data of Sweet Company at the end of 2020 and 2019 are shown below. 2020…
A: CFS stands for Cash Flow Statement which refers to the statement that shows the financial position…
Q: Problem 1: ABC Company, an entity organized on January 1, 2018, provided the following information:…
A: Total Assets- It refers to the sum of total non-current assets and current assets of the entity.
Q: . 2019 Feb Q.No. 1 The following data are taken from the books of Resunga & Company (amount in…
A: You have posted multiple part question, so as per our policy only first three sub parts, if you want…
Q: Vali COMPANY Comparative Balance Sheet 2019 Assets 2018 Cash. $61,000 $12,000 Accounts receivable.…
A: We have assume that the given net income is before payment of dividend, therefore no treatment…
Q: 6. As of December 31, 2020, V CorporatIon reported the fol Php 240,000 520,000 350,000 3,000,000…
A: Balance Sheet: An accounting statement that indicates the financial status of a company at the year…
Q: Lion Corporation's trial balance contained the following account balances at December 31, 2020. P…
A: Current assets: Current assets are all those assets that are expected to be sold or used as a result…
Q: A comparative balance sheet for Sunland Corporation is presented as follows. December 31…
A: Cash flow statement shows the affect on cash and cash equivalent from the changes in balance sheet…
Q: QUESTION :_ The balance sheet of Lara Ltd are as follows: 31/12/2019 Non-Current Assets RM RM RM…
A: LARA LIMITED Cash Flow Statement (Indirect Method) For the year ended December 31, 2020 Cash…
Q: Bamboo Company reported the following statement of financial position at year-end: 2020 2019 Cash…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: Harold Corporation Balance Sheet At 31 December 2020 2019 $ $ Assets Cash 56,500 71,550 Accounts…
A: Cash Flow Statement A statement that provides complete information about the liquidity of the firm…
Q: II -Here are comparative balance sheets for Obaid Company. Obaid Company Comparative Balance Sheets…
A: The cash flows statement shows how the entity generates and uses cash during the year. It can be…
5. Assuming that on July 1, 2020, Kangaroo Company purchased its own share at
P10.00. How much is the book value per share for the year 2020?
please give solutions
thanks!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total Total assets Net sales (all credit) Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 2821 $ 75 115 200 $390 ROA ROE $580 110 $470 50 $520 $910 Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: 96 96 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 2020 $ 65 110 198 $365 DuPont Analysis times times $471 100 $371 LAK OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020…Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (a)Current ratioenter the ratio rounded to 2 decimal placesSwifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) Inventory turnoverenter the number rounded to 2 decimal places Days in inventoryenter the number of days rounded to 0 decimal…
- Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) Asset turnoverenter the number rounded to 2 decimal places (g)Return on assetsenter percentages rounded to 0 decimal places…Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (a)Current ratioenter the ratio rounded to 2 decimal places (b)Acid-test ratioenter the ratio rounded to 2 decimal places…Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (i)Earnings per share$enter a dollar amount rounded to 2 decimal places (j)Payout ratioenter percentages rounded to 0 decimal…
- The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2022 are projected to grow by 20 percent. Interest expense will remain constant, the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Sales Costs Other expenses Earnings before interest and taxes Interest expense Taxable income Taxes (24%) CROSBY, INCORPORATED 2021 Income Statement Net income Dividends Addition to retained earnings Current assets Cash Accounts receivable Inventory $31,335 69,745 $ 20,640 43,580 91,960 $747,000 582,000 18,000 FA $147,000 14,000 $ 133,000 31,920 $ 101,080 CROSBY, INCORPORATED Balance Sheet as of December 31, 2021 Assets Seved Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total $ 54,800 14,000 $ 68,800 MA000Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) Inventory turnoverenter the number rounded to 2 decimal places Days in inventoryenter the number of days rounded to 0 decimal…SNIDER CORPORATIONBalance SheetDecember 31, 20X1 Assets Current assets: Cash $ 52,200 Marketable securities 24,400 Accounts receivable (net) 222,000 Inventory 238,000 Total current assets $ 536,600 Investments 65,900 Plant and equipment. $615,000 Less: Accumulated depreciation 271,000 Net plant and equipment 344,000 Total assets $ 946,500 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 93,400 Notes payable 70,600 Accrued taxes 17,000 Total current liabilities $ 181,000 Long-term liabilities: Bonds payable 153,200 Total liabilities $ 334,200 Stockholders' equity Preferred stock, $50 par value $ 100,000 Common stock, $1 par value 80,000 Capital paid in excess of par 190,000 Retained earnings 242,300 Total stockholders' equity $ 612,300 Total liabilities and stockholders' equity $ 946,500…
- Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Ratio of fixed assets to long-term liabilitiesCurrent Attempt in Progress XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g.…Assets Fixed assets: Property, plant and equipment (net) Total fixed assets Current assets: Inventory Accounts Receivable (net) Cash and cash equivalents Total current assets Total assets 20X3 1,687,500 1,125,000 862,200 353,400 121,800 1.337,400 2.462.400 ABC Corporation Comparative Balance Sheets in € December 31, 20X3 and 20X2 Liabilities Stockholders' Equity Stockholders' equity: Common stock 10 par value 20X2 1,080,000 1,080.000 892,200 343,800 61,200 1,297,200 2.377.200 Net Capital Expenditures Dividends Paid Common shares Outstanding Stock Price Retained earnings Total equity Long-term liabilities: stockholders' Bonds payable Total long-term liabilities Current liabilities: & Notes payable Accounts payable Total current liabilities Total liabilities Total liabilities stockholders' equity 20X3 60,000 66,000 60,000 27 20X3 600,000 561.000 1,161,000 600.000 20X2 97,500 51,000 60,000 45 600,000 300,000 401,400 701,400 1,301,400 2,462,400 20X2 600,000 461,400 1,061,400 600,000…