he financial statements of

Hillcrest

Employment Services, Inc., reported the following accounts:

LOADING...

(Click the icon to view the list of accounts.)

LOADING...

(Click the icon to view the statement of stockholders' equity.)Read the requirements

LOADING...

.Calculate the following for

Hillcrest

Employment Services:

a. Net income

Hillcrest's net income is

$

640,000

.

b. Total liabilities

Hillcrest's total liabilities are

$

719,000

.

c. Total assets (use the accounting equation)

Hillcrest's total assets are

$

.

Enter any number in the edit fields and then click Check Answer.

5

parts remaining

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Data Table

Paid-in capital in excess of par. . . . . . .	$346,000		Total revenues. . . . . . . . .	$1,620,000
Notes Payable (short-term). . . . . . . . . . .	58,000		Accounts payable. . . . . . .	240,000
Common stock, $0.01 par			Retained earnings. . . . . .	672,000
200,000 shares issued. . . . . . . . .	2,000		Other current liabilities. . .	400,000
Long-term debt. . . . . . . . . . . . . . . . . . . . .	21,000		Total expenses. . . . . . . . .	980,000

PrintDone

Requirements

Using only year-end figures rather than averages, calculate the following for

Hillcrest:

a.	Net income
b.	Total liabilities
c.	Total assets (use the accounting equation)
d.	Net profit margin ratio
e.	Asset turnover
f.	Leverage ratio
g.	Return on equity

What additional information do you need before you can use this data to make decisions?

he financial statements of

Hillcrest

Employment Services, Inc., reported the following accounts:

LOADING...

(Click the icon to view the list of accounts.)

LOADING...

(Click the icon to view the statement of stockholders' equity.)Read the requirements

LOADING...

.Calculate the following for

Hillcrest

Employment Services:

a. Net income

Hillcrest's net income is

$

640,000

.

b. Total liabilities

Hillcrest's total liabilities are

$

719,000

.

c. Total assets (use the accounting equation)

Hillcrest's total assets are

$

.

Enter any number in the edit fields and then click Check Answer.

5

parts remaining

Clear All

Check Answer

Data Table

Paid-in capital in excess of par. . . . . . .	$346,000		Total revenues. . . . . . . . .	$1,620,000
Notes Payable (short-term). . . . . . . . . . .	58,000		Accounts payable. . . . . . .	240,000
Common stock, $0.01 par			Retained earnings. . . . . .	672,000
200,000 shares issued. . . . . . . . .	2,000		Other current liabilities. . .	400,000
Long-term debt. . . . . . . . . . . . . . . . . . . . .	21,000		Total expenses. . . . . . . . .	980,000

PrintDone

Requirements

Using only year-end figures rather than averages, calculate the following for

Hillcrest:

a.	Net income
b.	Total liabilities
c.	Total assets (use the accounting equation)
d.	Net profit margin ratio
e.	Asset turnover
f.	Leverage ratio
g.	Return on equity

What additional information do you need before you can use this data to make decisions?

he financial statements of

Hillcrest

Employment Services, Inc., reported the following accounts:

LOADING...

(Click the icon to view the list of accounts.)

LOADING...

(Click the icon to view the statement of stockholders' equity.)Read the requirements

LOADING...

.Calculate the following for

Hillcrest

Employment Services:

a. Net income

Hillcrest's net income is

$

640,000

.

b. Total liabilities

Hillcrest's total liabilities are

$

719,000

.

c. Total assets (use the accounting equation)

Hillcrest's total assets are

$

.

Enter any number in the edit fields and then click Check Answer.

5

parts remaining

Clear All

Check Answer

Data Table

Paid-in capital in excess of par. . . . . . .	$346,000		Total revenues. . . . . . . . .	$1,620,000
Notes Payable (short-term). . . . . . . . . . .	58,000		Accounts payable. . . . . . .	240,000
Common stock, $0.01 par			Retained earnings. . . . . .	672,000
200,000 shares issued. . . . . . . . .	2,000		Other current liabilities. . .	400,000
Long-term debt. . . . . . . . . . . . . . . . . . . . .	21,000		Total expenses. . . . . . . . .	980,000

PrintDone

Requirements

Using only year-end figures rather than averages, calculate the following for

Hillcrest:

a.	Net income
b.	Total liabilities
c.	Total assets (use the accounting equation)
d.	Net profit margin ratio
e.	Asset turnover
f.	Leverage ratio
g.	Return on equity

What additional information do you need before you can use this data to make decisions?