Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I want a hand written answers on a plain paper 2000 2001 2002 Current Assets Cash 20,000 21,000 24,000 Short term Investment 60,000 81,000 145,000

I want a hand written answers on a plain paper

image text in transcribed
2000 2001 2002 Current Assets Cash 20,000 21,000 24,000 Short term Investment 60,000 81,000 145,000 A/R 100,000 90,000 140,000 Inventories 14,000 17,000 15,000 Prepaid Exp 13,000 12,000 14,000 Total Current Assets 207,000 221,000 338,000 Investment 43,000 35,000 40,000 Property and Equipment Land 68,500 68,500 68,500 Building 810,000 850,000 880,000 Furniture and Equipment 170,000 190,000 208,000 1,048,500 1,108,500 1,156,500 Less: Accumulated Depreciation 260,000 320,000 381,000 Other Operationg Equipment 11,500 20,500 22,800 Total Assets 1,050,000 1,065,000 1,176,300 Current Liabilities Accounts Payable 60,000 53,500 71,000 Accrued Income Taxes 30,000 32,000 34,000 Accured Expenses 70,000 85,200 85,000 Current Portion of Long-term de 25,000 21,500 24,000 Total Current Liabilities 185,000 192,200 214,000 Long-term Debt Mortgage Payable 425,000 410,000 400,000 Deferred Income Taxes 40,000 42,800 45,000 Total Long-term Debt 465,000 452,800 445,000 Total Liabilities 650,000 645,000 659,000 Owner's Equity Common Stock 55,000 55,000 55,000 Paid-in Capital in Excess 110,000 110,000 110,000 Retained Earnings 235,000 255,000 352,300 Total Owner's Equity 400,000 420,000 517,300 Total Liabilities and Equity 1,050,000 1,065,000 1,176,300 1) Amount Change and % change from Year 2000 to Year2001 2) Current ratio, Acid Test Ratio, A/R turn-over, Avg collection period, Solvency Ratio, profit ratio for Year2001) (Assume the 2002 Revenue 1,300,000, profit is 65,000 ) Operating Cash flow is 201,000. Calculate all the nine ratios

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

Corporate Finance

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

12th edition

1259918947, 1260091908, 978-1259918940

More Books

Students also viewed these Accounting questions