Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

o The accounting records of Arroya Foods, Inc. include the following items at December 31, 2018 (Click the icon to view the accounting records) Read

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
o The accounting records of Arroya Foods, Inc. include the following items at December 31, 2018 (Click the icon to view the accounting records) Read the requirements Requirement 1. Show how each relevant items would be reported on the Amroya Foods classified balance sheet include readings and totals for currentlables and long-term labilities Select the labels and then enter the amounts to complete the classified balance sheet. You will need to determine the total current assets value from the normation provided and your calculations. Abreviations et babies, NP- notes payable, and pay - payable) Arroya Foods, Inc. Partial Balance Sheet December 31, 2018 Assets Liabilities Choose from any list or enter any number in the input fields and then continue to the next to The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018 (Click the icon to view the accounting records.) Read the requirements I Less: Less: Requirement 2. Answer the following questions about Arroya Food's financial position at December 31, 2018 a. What is the carrying amount of the bonds payable (combine the current and long-term accounts)? $ Choose from any list or enter any number in the input fields and then continue to the next question. . The accounting records of Arroya Foods, Inc, include the following om at December 31, 2018 Con to view the counting records) Read the rest Requirement 2. Answer the following questions about Arroya Food's financi postion at December 31, 2018 a. What is the carrying amount of the bonds payable combine the current and long termas Why is the real payable amounts muss in the amount of interestigende? est payable is the Interest expense Requirement. How many times did Arroya Foods cover winxpense during 2018? Rond your answer to two decina) Aroya cowards resterende times Requirement 4. Assume that at of the wisting labies are included in the information provided where and det two of the company. Use yowds in place where needed for the purpose of the were in the problem the heat of a company from a report of view me the company has common och sedan sang. What the main obelinking your Begin by computing everage ratio Belece uma for the average ratio. Then complete the forma and to the leverage rate Round your answer to two decimal places Choose from any ist or enter any number in the input folds and then continue to the next question O The counting records of Arroya Foods, Inc., indude the following terms of December 31, 2018 Click the onio view the accounting records) Read the reme Requirement 4. Asume that all of the existing labies renouded in the formation provided. Calle leverage rate and debt ratio of the company Use year and free in place of everages where needed for the purpose of calculating ration in the problemele the heath of the commary from a leverage point of view. Asume he company only has common stocked and outstanding. Whatcher information would be in making your on? Degin by coming everage ratio. Select the formula for everage ratio. Then complete the forma and call the loverage ratio (Round your answer to two decimal places) Now, select the formula for the debt ratio. Then complete the formula and cabulate the debt ratio(Round your awer lo two decimal places Debo Evaluate the heat of the company from a leverage point of view. What the formation would be replin making your evaluation (Round the two decimal places) The companys det tatio ad leverage ratios and operating come cover many with med Wormation, the company porn to be rektom a leverage port of view Requirements. Independent of your name that one of the freements includes comments for rent years in the amount of 53.000.000 emplo capture there is 2018, now would it change the leverage rate and the dettato? How would is mpart your assessment of the company's with from a leverage pont of view? Choose from any lot or enter any number in the input fields and then continue to the next question o The acting records of Anaya Foods in induce the following items at December 31, 2018 Click on to view the corres Redes The company's debt ratio and everages are win this domain the company was to be mas om wwwageport of Requirements. Indendent of your answer to that one of the ancillerinde come together 15 years or 1.600.000 e company ha capital in 2018, w would change the stage wederompact your smart of the company's hea oma event of view? Sede formula and compute the resuming that the company had to captures out to $3.300.000 found your tous decimal pics) Select the fonds and commute the deale company had to $3.000.000 Hourd your needs How out this change impact yoursement of the carganya roma leverageport of view The leverage and bitrate would The company would from le point of Choose from any fist or enterrumber in the input fields and then continue to the rest Foods, Inc., include the following items at December 31, 2018: counting records) Data Table erage ratios are company appears to be $ 4.900,000 $ 164,000 $3,800,000. If the company had to ca our answer to (4), assu everage ratio and the d e leverage ratio assum Mortgage note payable. current portion Leases payable (long-term) Bonds payable, long-term Mortgage note payable long-term Bonds payable, current portion Interest expense. 24,000 Total assets 96,000 Accumulated depreciation, 470,000 equipment 325.000 Discount on bonds payable (all long-term) 312,000 Operating income 50,000 Equipment 120,000 Long-term investments (market value) Interest payable 396,000 748,000 e debt ratio assuming 415,000 79,000 assessment of the cd Print Done uld then continue to the next question owing it Requirements 1. and opel rig 2. ould als hat Foot -atio? HO amount of $ hat the 3. 4. Show how each relevant item would be reported on the Arroya Foods classified balance sheet. Include headings and totals for current liabilities and long-term liabilities. Answer the following questions about Arroya Food's financial position at December 31, 2018: a. What is the carrying amount of the bonds payable (combine the current and long-term amounts)? b. Why is the interest-payable amount so much less than the amount of interest expense? How many times did Arroya Foods cover its interest expense during 2018? Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the company. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this problem. Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and outstanding. What other information would be helpful in making your evaluation? Independent of your answer to (4), assume that Footnote 8 of the financial statements includes commitments for long-term operating leases over the next 15 years in the amount of $3,800,000. If the company had to capitalize these leases in 2018, how would it change the leverage ratio and the debt ratio? How would this impact your assessment of the company's health from a leverage point of view? he com any's he he come Print Done Is and o The accounting records of Arroya Foods, Inc. include the following items at December 31, 2018 (Click the icon to view the accounting records) Read the requirements Requirement 1. Show how each relevant items would be reported on the Amroya Foods classified balance sheet include readings and totals for currentlables and long-term labilities Select the labels and then enter the amounts to complete the classified balance sheet. You will need to determine the total current assets value from the normation provided and your calculations. Abreviations et babies, NP- notes payable, and pay - payable) Arroya Foods, Inc. Partial Balance Sheet December 31, 2018 Assets Liabilities Choose from any list or enter any number in the input fields and then continue to the next to The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018 (Click the icon to view the accounting records.) Read the requirements I Less: Less: Requirement 2. Answer the following questions about Arroya Food's financial position at December 31, 2018 a. What is the carrying amount of the bonds payable (combine the current and long-term accounts)? $ Choose from any list or enter any number in the input fields and then continue to the next question. . The accounting records of Arroya Foods, Inc, include the following om at December 31, 2018 Con to view the counting records) Read the rest Requirement 2. Answer the following questions about Arroya Food's financi postion at December 31, 2018 a. What is the carrying amount of the bonds payable combine the current and long termas Why is the real payable amounts muss in the amount of interestigende? est payable is the Interest expense Requirement. How many times did Arroya Foods cover winxpense during 2018? Rond your answer to two decina) Aroya cowards resterende times Requirement 4. Assume that at of the wisting labies are included in the information provided where and det two of the company. Use yowds in place where needed for the purpose of the were in the problem the heat of a company from a report of view me the company has common och sedan sang. What the main obelinking your Begin by computing everage ratio Belece uma for the average ratio. Then complete the forma and to the leverage rate Round your answer to two decimal places Choose from any ist or enter any number in the input folds and then continue to the next question O The counting records of Arroya Foods, Inc., indude the following terms of December 31, 2018 Click the onio view the accounting records) Read the reme Requirement 4. Asume that all of the existing labies renouded in the formation provided. Calle leverage rate and debt ratio of the company Use year and free in place of everages where needed for the purpose of calculating ration in the problemele the heath of the commary from a leverage point of view. Asume he company only has common stocked and outstanding. Whatcher information would be in making your on? Degin by coming everage ratio. Select the formula for everage ratio. Then complete the forma and call the loverage ratio (Round your answer to two decimal places) Now, select the formula for the debt ratio. Then complete the formula and cabulate the debt ratio(Round your awer lo two decimal places Debo Evaluate the heat of the company from a leverage point of view. What the formation would be replin making your evaluation (Round the two decimal places) The companys det tatio ad leverage ratios and operating come cover many with med Wormation, the company porn to be rektom a leverage port of view Requirements. Independent of your name that one of the freements includes comments for rent years in the amount of 53.000.000 emplo capture there is 2018, now would it change the leverage rate and the dettato? How would is mpart your assessment of the company's with from a leverage pont of view? Choose from any lot or enter any number in the input fields and then continue to the next question o The acting records of Anaya Foods in induce the following items at December 31, 2018 Click on to view the corres Redes The company's debt ratio and everages are win this domain the company was to be mas om wwwageport of Requirements. Indendent of your answer to that one of the ancillerinde come together 15 years or 1.600.000 e company ha capital in 2018, w would change the stage wederompact your smart of the company's hea oma event of view? Sede formula and compute the resuming that the company had to captures out to $3.300.000 found your tous decimal pics) Select the fonds and commute the deale company had to $3.000.000 Hourd your needs How out this change impact yoursement of the carganya roma leverageport of view The leverage and bitrate would The company would from le point of Choose from any fist or enterrumber in the input fields and then continue to the rest Foods, Inc., include the following items at December 31, 2018: counting records) Data Table erage ratios are company appears to be $ 4.900,000 $ 164,000 $3,800,000. If the company had to ca our answer to (4), assu everage ratio and the d e leverage ratio assum Mortgage note payable. current portion Leases payable (long-term) Bonds payable, long-term Mortgage note payable long-term Bonds payable, current portion Interest expense. 24,000 Total assets 96,000 Accumulated depreciation, 470,000 equipment 325.000 Discount on bonds payable (all long-term) 312,000 Operating income 50,000 Equipment 120,000 Long-term investments (market value) Interest payable 396,000 748,000 e debt ratio assuming 415,000 79,000 assessment of the cd Print Done uld then continue to the next question owing it Requirements 1. and opel rig 2. ould als hat Foot -atio? HO amount of $ hat the 3. 4. Show how each relevant item would be reported on the Arroya Foods classified balance sheet. Include headings and totals for current liabilities and long-term liabilities. Answer the following questions about Arroya Food's financial position at December 31, 2018: a. What is the carrying amount of the bonds payable (combine the current and long-term amounts)? b. Why is the interest-payable amount so much less than the amount of interest expense? How many times did Arroya Foods cover its interest expense during 2018? Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the company. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this problem. Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and outstanding. What other information would be helpful in making your evaluation? Independent of your answer to (4), assume that Footnote 8 of the financial statements includes commitments for long-term operating leases over the next 15 years in the amount of $3,800,000. If the company had to capitalize these leases in 2018, how would it change the leverage ratio and the debt ratio? How would this impact your assessment of the company's health from a leverage point of view? he com any's he he come Print Done Is and

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

Hospitality Financial Accounting

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.

2nd Edition

9780470598092, 470083603, 978-0470083604

More Books

Students also viewed these Accounting questions