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Posted on Jul 25, 2024

2016 2015 Assets Current assets Cash Accounts receivable Inventory Total $ 19,256 46,396 109.626 $175,278 2016 2015 Liabilities and owners' Equity Current labilities $ 21,946

2016 2015 Assets Current assets Cash Accounts receivable Inventory Total $ 19,256 46,396 109.626 $175,278 2016 2015 Liabilities and owners' Equity Current labilities $ 21,946 Accounts payable $171,531 $153,984 54,486 Notes payable 79,218 107,606 129,253 Total $250,749 $261,590 $205,685 Long-term debt $255,000 $278,500 Owners' equity Common stock and paid in surplus $160,000 $170,000 Accumulated retained earnings 214,915 280,800 $785,205 Total $374,915 $450,800 $990,890 Total liabilitles and owners' equity $880,664 $990,890 Fixed assets Net plant and equipment $705,386 Total assets $880,664 L01 15. Preparing Standardized Financial Statements. Prepare the 2015 and 2016 common-size balance sheets for Bethesda Mining LO 2 16. Calculating Financial Ratios. Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for each year: . Current ratio b. Quick ratio C Cash ratio d. Debt-equity ratio and equity multiplier e Total debt ratio LO 3 17. DuPont Identity. Suppose that the Bethesda Mining Company had sales of $2,945,376 and net income of $89,351 for the year ending December 31, 2016. Calculate the DuPont identity LO 3 18. DuPont Identity. The Cavo Company has an ROA of 8.1 percent, a profit margin of 5,8 percent, and an ROE of 16 percent. What is the company's total asset turnover? What is the equity multiplier? LO 2 19. Return on Assets. Beckinsale, Inc., has a profit margin of 5.8 percent on sales of $14.500,000. If the firm has debt of 57,300,000 and total assets of $11,200,000, what is the firm' ROA? LO 3 20. Calculating Internal Growth. The most recent financial statements for Shinoda Manufacturing Co, are shown here Income Statement Current assets Sales Costs $87,600 64350 Balance Sheet $ 29,000 Debt 91,400 Equity $ 38,400 B2.000 2016 2015 Assets Current assets Cash Accounts receivable Inventory Total $ 19,256 46,396 109.626 $175,278 2016 2015 Liabilities and owners' Equity Current labilities $ 21,946 Accounts payable $171,531 $153,984 54,486 Notes payable 79,218 107,606 129,253 Total $250,749 $261,590 $205,685 Long-term debt $255,000 $278,500 Owners' equity Common stock and paid in surplus $160,000 $170,000 Accumulated retained earnings 214,915 280,800 $785,205 Total $374,915 $450,800 $990,890 Total liabilitles and owners' equity $880,664 $990,890 Fixed assets Net plant and equipment $705,386 Total assets $880,664 L01 15. Preparing Standardized Financial Statements. Prepare the 2015 and 2016 common-size balance sheets for Bethesda Mining LO 2 16. Calculating Financial Ratios. Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for each year: . Current ratio b. Quick ratio C Cash ratio d. Debt-equity ratio and equity multiplier e Total debt ratio LO 3 17. DuPont Identity. Suppose that the Bethesda Mining Company had sales of $2,945,376 and net income of $89,351 for the year ending December 31, 2016. Calculate the DuPont identity LO 3 18. DuPont Identity. The Cavo Company has an ROA of 8.1 percent, a profit margin of 5,8 percent, and an ROE of 16 percent. What is the company's total asset turnover? What is the equity multiplier? LO 2 19. Return on Assets. Beckinsale, Inc., has a profit margin of 5.8 percent on sales of $14.500,000. If the firm has debt of 57,300,000 and total assets of $11,200,000, what is the firm' ROA? LO 3 20. Calculating Internal Growth. The most recent financial statements for Shinoda Manufacturing Co, are shown here Income Statement Current assets Sales Costs $87,600 64350 Balance Sheet $ 29,000 Debt 91,400 Equity $ 38,400 B2.000