Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

its profit Example Corporation Balance Sheet December 31, 2020 ASSETS LIABILITIES Current assets Cash and cash equivalents Short-term investments Accounts receivable - net Other receivables

image text in transcribed
its profit
Example Corporation Balance Sheet December 31, 2020 ASSETS LIABILITIES Current assets Cash and cash equivalents Short-term investments Accounts receivable - net Other receivables Inventory Supplies Prepaid expenses Total current assets $ 2,200 10,000 39,500 1,000 31,000 3.800 1,500 89,000 Current liabilities Short-term loans payable Current portion of long-term debt Accounts payable Accrued compensation and benefits Income taxes payable Other accrued liabilities Deferred revenues Total current liabilities $ 5,000 15,000 20,900 8,500 6.100 4.000 1,500 61,000 Investments 36,000 Long-term liabilities Notes payable Bonds payable Deferred income taxes Total long-term liabilities 20,000 375,000 25 000 420.000 Property, plant & equipment - net Land Land improvements Buildings Equipment Less accumulated depreciation Property, plant & equipment-net 5,500 6,500 180,000 201,000 (56.000) 337.000 Total liabilities 481.000 Commitments and contingencies we note STOCKHOLDERS' EQUITY Intangible assets Goodwill Other intangible assets Total intangible assets 105,000 200.000 305,000 Common stock Retained earnings Accum other comprehensive income Less: Treasury stock Total stockholders' equity Total liabilities & stockholders' equity Other assets 3.000 $ 770,000 110,000 220,000 9,000 (50,000) 289,000 S770.000 Total assets The companying och are segral part of the statement Required: Calculate the Profitability, Liquidity and Risk ratios and comments on the performance of the company. Example Corporation Balance Sheet December 31, 2020 ASSETS LIABILITIES Current assets Cash and cash equivalents Short-term investments Accounts receivable - net Other receivables Inventory Supplies Prepaid expenses Total current assets $ 2,200 10,000 39,500 1,000 31,000 3.800 1,500 89,000 Current liabilities Short-term loans payable Current portion of long-term debt Accounts payable Accrued compensation and benefits Income taxes payable Other accrued liabilities Deferred revenues Total current liabilities $ 5,000 15,000 20,900 8,500 6.100 4.000 1,500 61,000 Investments 36,000 Long-term liabilities Notes payable Bonds payable Deferred income taxes Total long-term liabilities 20,000 375,000 25 000 420.000 Property, plant & equipment - net Land Land improvements Buildings Equipment Less accumulated depreciation Property, plant & equipment-net 5,500 6,500 180,000 201,000 (56.000) 337.000 Total liabilities 481.000 Commitments and contingencies we note STOCKHOLDERS' EQUITY Intangible assets Goodwill Other intangible assets Total intangible assets 105,000 200.000 305,000 Common stock Retained earnings Accum other comprehensive income Less: Treasury stock Total stockholders' equity Total liabilities & stockholders' equity Other assets 3.000 $ 770,000 110,000 220,000 9,000 (50,000) 289,000 S770.000 Total assets The companying och are segral part of the statement Required: Calculate the Profitability, Liquidity and Risk ratios and comments on the performance of the company

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

Market Contact Audit

Authors: Gerardus Blokdyk

2nd Edition

0655179771, 978-0655179771

More Books

Students also viewed these Accounting questions

Question

What is meant by nonlinear loss averseness?

Answered: 1 week ago

Question

Technology. Refer to Case

Answered: 1 week ago