Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2015 BALANCE SHEET: Account Recewa 419.000 135 000 100 372.000 11.00 13.00 51.343,00 c. armatury despese of any of owwwwww 1. What wat Bert Opera

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
2015 BALANCE SHEET: Account Recewa 419.000 135 000 100 372.000 11.00 13.00 51.343,00 c. armatury despese of any of owwwwww 1. What wat Bert Opera C 2018 EA TA 31.345.00 Acte 57.000 100 0.000 BOTO 000 Total dat 51.345.00 FIS DI INCOME STATEMENT 11, 20 Co TBT 110,000 Netc. BEL 1. Radio 2016 BALANCE SHEET A Cach Ae $185.000 475.000 3. 0.000 13.00 572.000 310.000 Total 11.142.000 Arsyete 137.000 325.000 30.000 70.000 Teadly SIS, 1.00 EY2012 INCOME STATEMENT: 30 DO 20 . Cost of Ae DepE my tatuma taar Teas 4130 Net 370000 Nelle 34.400 2015 2016 BALANCE SHEET: Assets: Cash Accounts Receivable Inventory Fixed Assets net Total Assets $145,000 475,000 325,000 400,000 $1,345,000 $185,000 572,000 310,000 495.000 $1,562,000 Liabilities and Equity: Accounts Payable Long-term Debt Common Stock Retained Earnings Total Liabilities and Equity $337,000 525,000 50,000 433.000 $1,345,000 $378,000 605,000 70,000 509,000 $1,562,000 FY2019 INCOME STATEMENT: Revenue Cost of Goods Sold General and Administrative Depreciation Expense Earnings Before Interest and Taxes Interest Expense Pretax Net Income Income Taxes $3,200,000 2,090,000 605,000 95,000 410,000 40,000 370,000 103,600 $266,400 Net Income 1. An appraiser recently valued liberty furniture fixed assets at $480,000 and determined that $50,000 of their accounts receivable was porcellestible Based on the balance sheet above adjusted for this additional information, what was the market value of Liberty's shareholders' equity at the end of 2016? 2. Assuming that liberty funiture did not buy back or redeem any of its shares, how much new common stock did it issue in 2016? 3. How much dividends did liberty pay out to its shareholders in 2016? 4. What was liberty effective annual average tax rate in 2016? 5. If Lowery had 16,000 shares of common stock outstanding throughout 2016, what was its Earnings per Share (EPS) in 2016? 6. Assuming that Liberty did not dispose of any of its fixed assets, how much new capital spending did it incur in 2019? 7. What was Liberty Operating Cash Flows. ja 2016? 8. What was liberty investment in working capital for 2016 Ge how much did NWC change over the year)? 9. What was liberty Cash Flow to Creditors in 2016? 10. What was Liberty Cash Flow to Stockholders in 2016

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Methodology For Auditing Forest Ecosystem Services In Agroforestry Enterprises Pinar Del Rio Cuba

Authors: Dairon Rojas Hernández

1st Edition

620351974X, 978-6203519747

More Books

Students also viewed these Accounting questions

Question

Classify delivery styles by type.

Answered: 1 week ago