Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A B C -The company paid cash to repurchase outstanding shares of the company's 6 own common stock into treasury. -Baldur's Gate paid cash to

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
A B C -The company paid cash to repurchase outstanding shares of the company's 6 own common stock into treasury. -Baldur's Gate paid cash to invest in the common stock of another firm during the period but did not sell any of its existing equity investments. Therefore, the difference in equity investments on the comparative balance sheet is the amount of cash the firm spent to acquire the common stock of the other 7 company. Use the templates provided below to determine the amount of cash that Baldur's Gate Garage Doors, Inc. paid to acquire plant assets during the period and how much cash the company gave to its shareholders in the form of 8 dividends. 9 Cash Paid for Plant Asset Acquisition 10 Beginning Balance of P,P,&E 11 Less: Book Value of Disposed P.P, & E 12 Book Value of Beginning Assets Still in Service 13 14 Ending Balance of P,P,&E 15 Less: Book Value of Beginning P,P, & E Still in Service 16 Cash Paid to Acquire Plant Assets 17 Cash Paid for Dividend Payments 18 Beginning Retained Earnings 19 Add: Net Incomeage Layout Formulas Data Review View Help eful-files from the Internet can contain viruses, Unless you need to edit, it's safer to stay in Protected View. Enable Editing A B C D ry "The company paid cash to repurchase outstanding shares of the company's 6 own common stock into treasury. ng files. Save Baldur's Gate paid cash to invest in the common stock of another firm during the period but did not sell any of its existing equity investments. Therefore, the et/fc6b5.. difference in equity investments on the comparative balance sheet is the ime the... amount of cash the firm spent to acquire the common stock of the other company. Use the templates provided below to determine the amount of cash that Baldur's Gate Garage Doors, Inc. paid to acquire plant assets during the period and how much cash the company gave to its shareholders in the form of 8 dividends. 9 Cash Paid for Plant Asset Acquisition 10 Beginning Balance of P, P, &E 11 Less: Book Value of Disposed PP,&E 12 Book Value of Beginning Assets Still in Service 13 14 Ending Balance of PP.&E 15 Less: Book Value of Beginning P,P, & E Still in Service 16 Cash Paid to Acquire Plant Assets 17 Cash Paid for Dividend Payments 18 Beginning Retained Earnings 19 Add: Net Income Close Assignment Info Income Statement Balance Sheet Formulas Sto ...ternet can contain viruses, Unless you need to edit, it's safer to stay in Protected View. Enable Editing B C D F F Part Three--Ratio Analysis Using the information provided ( or obtained) on the previous financial statements, compute the following financial ratios for Baldur's Gate. Information which is necessary for these calculations but not found on the firm's financial statements has been provided for you below. Accounts Receivable Balance, End of 2019 100,000 6.875 Inventory Balance, End of 2019 100,000 Market Price Per Share, End of 2021 11.50 Weighted Average Shares Outstanding, 2021 40,000 Preferred Dividends, 2021 Sales Revenue, 2020 3,600,000 Cost of Goods Sold, 2020 2,600,000 Cash Ratio Baldur Gate 2021. Baldur Gate 2020 Industry Average Formula Reference 1308 Cash Ratio = Cash / Total Current L 1.00 Current Ratio - Total Current Asset Current Ratio Liabilities Industry Average A/R Turnover Ratio - Sales Revenue Baldur Gate 2021 Baldur Gate 2020 2021 + Prior A/R) /2) Days Sales in Receivables - 865/ AR 2.50 Inventory Turnover Ratio = COGS Accounts Receivable Turnover Ratio Inventory + Prior Inventory) / 2) Days Sales in Inventory - 865/ Invent Baldur Gate 2021 Baldur Gate 2020 Industry Average 2021 Ratio 42.00 Debt Ratio - Total Liabilities / Total Debt to Equity Ratio = Total Liabilitie Days Sales in Receivables Gross Profit Percentage = Gross Profit Balance Sheet Formulas Statement of CF Ratio Analysis WritterAC116 CA5 (Baldur Gate v2) Template (1) - Protected View . Saved to this PC v O vanessabelmonte belmonte2004 VE Page Layout Formulas Data Review View Help Comm eful-files from the Internet can contain viruses. Unless you need to edit. it's safer to stay in Protected View. Enable Editing fx Other Revenues and Expenses: A B C D E F G H K ry Baldur Gate Garage Doors, Inc. g files. Save 2 Income Statement 3 For the Year Ended December 31, 2021 4 Net Sales Revenue $4,000,000 t/fc6b5.. 5 Cost of Goods Sold 2,700,000 me the... 6 Gross Profit 1,300,000 7 Operating Expenses: 8 Salaries and Wages Expense 320,000 9 Depreciation Expense 20,000 10 Other Operating Expenses 160,000 11 Total Operating Expenses 500,000 12 Operating Income 800,000 13 Other Revenues and Expenses: 14 Loss on Asset Disposition (3,000) 15 Interest Expense (12,000) 16 Interest Revenue 5,000 17 Total Other Revenues and Expenses (10,000) 18 Income Before Income Taxes 790,000 19 Income Tax Expense 290,000 20 Net Income 500,000 21 22 23 24 Close Assignment Info Income Statement Balance Sheet Formulas Ste ...: KIMCirkul AC116 CAS (Baldur Gate v2) Template (1) - Protected View . Saved to this PC LO vanessabelmonte be Page Layout Formulas Data Review View Help reful-files from the Internet can contain viruses, Unless you need to edit, it's safer to stay in Protected View. Enable Editing fx P.P, &E B C D E F G ry Baldur Gate Garage Doors, Inc. ing files. Save 2 Comparative Balance Sheet 3 December 31, 2021 4 net/fc6b5... Assets time the... 5 2021 2020 6 Current Assets: 7 Cash $ 530,000 $ 274,000 8 Accounts Receivable 80,000 84,000 9 Merchandise Inventory 120,000 105,000 10 Total Current Assets 730,000 463,000 11 Noncurrent Assets: 12 HTM Debt Investments 100,000 80,000 13 P,P, &E 600,000 553,000 14 Acc. Dep.-P,P, &E 150,000 130,000) 15 Total Noncurrent Assets 550,000 503,000 16 Total Assets $ 1,280,000 $ 966,000 17 Liabilities + 18 Current Liabilities: 19 Accounts Payable $ 96,000 $ 90,000 ave? 20 Accrued Liabilities 30,000 39,000 Close Assignment Info Income Statement Balance Sheet Formulas Ste

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Accounting questions

Question

forward checking in AI

Answered: 1 week ago