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Listed below are year - end, 1 2 / 3 1 / 2 1 , account balances ( $ in thousands ) taken from the
Listed below are yearend, account balances $ in thousands taken from the records of XYZ Corporation.XYZ CorporationAdjusted Trial BalanceDecember DebitCreditAccounts receivableBuildingEquipmentCashInventoryLandNotes receivableInvestmentsPrepaid rent for the next yearsSuppliesTrademarkPrepaid Insurance for the next yearsAccounts payableAccumulated depreciation EquipmentAccumulated depreciation BuildingsTotal stockholders' equityDividends payableIncome tax payableAllowance for Doubtful AccountsNotes payableInterest payableDeferred revenueTOTALSAdditional information and requirements:Additional information: Land includes land held a possible future plant site $K and land for the current plant site $K The notes receivable are due in The balance of $ includes $ of accrued interest. The next interest payment is due in July Included in the investments are treasury bills of $K that were purchased in November and mature in January, ; trading securities of $ which are expected to be sold within the next year. The balance represents securities expected to be held longer than one year As of Stockholders' equity has common stock, $ par value, authorized K shares, and issued K shares at an average price of $ The remaining balance in stockholders equity is retained earnings The note payable represents a note, with interest paid annually February The note matures in installments of $ beginning Deferred revenue will be recognized equally over the next months Prepare a classified balance sheet for XYZ Corporation at December Complete the questions on the following page about the balance sheet. Calculate the following ratios :Current ratio Debt to equity ratio Acidtest quick ratio Working capital Thank you so so so so so so so so so much :)
Listed below are yearend, account balances $
in thousands taken from the records of XYZ
Corporation.XYZ CorporationAdjusted Trial BalanceDecember DebitCreditAccounts receivableBuildingEquipmentCashInventoryLandNotes receivableInvestmentsPrepaid rent for the next yearsSuppliesTrademarkPrepaid Insurance for the next yearsAccounts payableAccumulated depreciation EquipmentAccumulated depreciation BuildingsTotal stockholders' equityDividends payableIncome tax payableAllowance for Doubtful AccountsNotes payableInterest payableDeferred revenueTOTALSAdditional information and requirements:Additional information: Land includes land held a possible future plant site $K
and land for the current plant site $K The notes receivable are due in The balance of $
includes $ of accrued interest. The next interest payment is due
in July Included in the investments are treasury bills of $K that
were purchased in November and mature in January, ;
trading securities of $ which are expected to be sold within the
next year. The balance represents securities expected to be held
longer than one year As of Stockholders' equity has common stock, $
par value, authorized K shares, and issued K shares at an
average price of $ The remaining balance in stockholders
equity is retained earnings The note payable represents a note, with interest paid
annually February The note matures in installments of $
beginning Deferred revenue will be recognized equally over the next
months
Prepare a classified balance sheet for XYZ Corporation at
December Complete the questions on the following page
about the balance sheet. Calculate the following ratios :Current ratio Debt to equity ratio Acidtest quick ratio Working capital Thank you so so so so so so so so so much :)
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