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can someone help with these problems? Blue Spruce Corp.experienced a fire on December 31, 2020, in which its financial records were partially desti the following
can someone help with these problems?
Blue Spruce Corp.experienced a fire on December 31, 2020, in which its financial records were partially desti the following balances. Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings December 31, 2020 December 31, 2019 $ 39,700 $ 13,900 78,600 133,100 210,700 185,300 52,200 95,400 33,500 68,400 411,000 411,000 113,900 109,200 Additional information: 1. The inventory turnover is 5.8 times. 2. The return on common stockholders' equity is 22%. The company had no additional paid-in capital. 3. The receivables turnover is 12.0 times. 4. The return on assets is 17%. 5. Total assets at December 31, 2019, were $608,500. Compute the following for Blue Spruce Corp. (Round all answers to decimal places, eg. 2.150.) (a) Cost of goods sold for 2020. 1148400 (b) Net credit sales for 2020. 1270200 $ $ $ $ (c) Net income for 2020, (d) Total assets at December 31, 2020. e Textbook and Media Save for Late MARIN INC. Income Statement For the Year Ended December 31, 2020 rce Sales revenue $425,500 240,400 Cost of goods sold Gross profit Expenses (including $12,000 interest and $26,000 income taxes) 185,100 75,400 Net income $ 109,700 Additional information: 1. Common stock outstanding January 1, 2020, was 26,300 shares, and 36,100 shares were outstanding at December 31, 2020, 2. The market price of Marin stock was $14 in 2020. 3. Cash dividends of $24,000 were paid $3,600 of which were to preferred stockholders. Compute the following measures for 2020. (Round all answers to 2 decimal places, eg. 1.83 or 2.51%) (a) Earnings per share $ (b) Price-earnings ratio 29 times (c) Payout ratio 18.6 % (d) Times interest earned 123 times e Textbook and Media Save for Late Blue Spruce Corp. experienced a fire on December 31, 2020, in which its financial records were partially desti the following balances. Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings December 31, 2020 December 31, 2019 $ 39,700 $ 13,900 78,600 133,100 210,700 185,300 52,200 95.400 33,500 68,400 411,000 411,000 113,900 109,200 Additional information: 1. The inventory turnover is 5.8 times. 2. The return on common stockholders' equity is 22%. The company had no additional paid-in capital. 3. The receivables turnover is 12.0 times. 4. The return on assets is 17%. 5. Total assets at December 31, 2019, were $608,500. Compute the following for Blue Spruce Corp. (Round all answers to decimal places, eg. 2,150.) (a) Cost of goods sold for 2020. 1148400 (b) Net credit sales for 2020. $ $ $ 1270200 (c) Net income for 2020. (d) Total assets at December 31, 2020. $ e Textbook and Media Save for Late Step by Step Solution
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