Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31 2019, financial statements: $ 144,600 38.200

image text in transcribed
image text in transcribed
Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31 2019, financial statements: $ 144,600 38.200 23,500 $82,900 40, 460 11,600 5 30,840 For the Year Ended December 31, 2019 Net revenues cost of services provided Depreciation expense Operating income Interest expense Income tax expense Net Income At December 31, 2019 Assets Cash and short-term investments Accounts receivable, net Property, plant, and equipment. net Total assets Liabilities and stockholders' Equity Accounts payable Income taxes payable Notes payable (long term Pald.in capital Betained earnings Total liabilities and stockholders' equity $ 10,400 31,400 248.200 $ 290,000 5 5,500 5,800 144,500 30,000 104,200 5 290,000 At Decembed 31, 2018, total assets were $254,600 and total stockholders' equity was $105,800. There were no changes in notes payable or paid in capital during 2019. g. Calculate the amount of working capital and the current ratio at December 31, 2019. Assess the company's overall liquidity h. Calculate ROI (including margin and turnover) and ROE for the year ended December 31, 2019. i. Calculate the amount of dividends declared and paid during the year ended December 31, 2019. (Hint: Do a T-account ana retained earnings.)

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

The Lost Continent The BBCs Europe Editor On Europes Darkest Hour Since World War Two

Authors: Gavin Hewitt

1st Edition

1444764829, 9781444764826

More Books

Students also viewed these Accounting questions

Question

years ago. d Only using studies which feature empirical data.

Answered: 1 week ago