Question
1. Using the following information, compute the ENDING cash balance for the year. Cash balance, beginning $1,500 Cash paid to repay a loan 1,000 Cash
1.
Using the following information, compute the ENDING cash balance for the year.
Cash balance, beginning $1,500
Cash paid to repay a loan 1,000
Cash collected from customers 10,000
Cash received from issuance of new shares of common stock 1,200
Cash paid for dividends 780
Cash paid for income taxes 1,320
Cash paid to purchase machinery 1,950
Cash paid to purchase inventory 10,800
Cash received from sale of a building 5,600
Cash paid for interest 450
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2.
Using the data below, compute Price-Earnings Ratio.
Accounts Payable 800
Accounts Receivable 1,100
Capital Stock 2,000
Cash 50
Cost of Goods Sold 6,000
Inventory 1,500
Long-term Debt 1,820
Net Income 950
Property, Plant, and Equipment (net) 3,000
Retained Earnings 1,030
Sales 10,000
Market value of shares 12,000
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