Please select the right option Use the table below for the next question Allentown Inc 2017 and 2018 Statement of financial positions ($ in millions) 2017 2018 2017 2018 Cash $310 $405 Accounts payable $2,720 $2,570 Accounts rec 2,640 3,055 Notes payable 100 0 Inventory 3,275 3,850 Total $2,820 $2,570 Total $6,225 $7,310 Long term debt 7,875 8,100 Net fixed assets 10,960 10,670 Common stock 5,000 5,250 Retained earnings 1,490 2,060 Total assets $17,185 $17,980 Total liab equity $17,185 $17,980 Given the financial position above for Allentown company, what is the change in the Net Working Capital (NWC) from 2017 to 2018 ($ in millions) (Find the NWC in 2017 and 2018, and find the difference) A $1,235 B $1,035 C $1,335 yes D $3,405 E $4,740 Calculate net income given the following information shares outstanding 1,250,000 stock price $35 share PE ratio 12 50 PE Price per share Net Income per share) A $2,500,000 B $2,750,000 C $3,000,000 D $3,250,000 E $3,500,000 yes a video shot of the financial condition of the firm during a particular period The balance sheet provides yes The income statement provides The statement of cash flows provides All of the above provide None of the above provides The following statement of financial position and statement of comprehensive income should be used Sidekick, Inc 2018 Statement of comprehensive income ($ in thousands) Net Sales $6,380 Less Cost of Goods Sold 4,120 Less Depreciation 360 Earnings Before Interest and Taxes 1,900 Less Interest Paid 45 Taxable Income 1,855 Less Taxes 650 Net Income 1,205 Sidekick, Inc Statement of financial position Years ended 2017 and 2018 ($ in thousands) 2017 2018 2017 2018 Cash $230 $340 Accounts payable $850 1,020 Accounts rec 910 950 Long term debt 1,650 1,400 Inventory 1,490 1,460 Common stock 2,500 2,200 Total 2,630 $2,750 Retained earnings 820 1,350 Net fixed assets 3,190 3,220 Total assets $5,820 $5,970 Total liabilities equity $5,820 $5,970 How many dollars of sales are being generated by every $1 that Sidekick has in total assets($ in thousands) (Use 2018 assets)(Assets Turnover) A $1 01 B $1 07 C $1 09 yes D $1 12 E $1 16

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

Please select the right option Use the table below for the next question Allentown Inc. 2017 and 2018 Statement of financial positions ($ in millions)

Please select the right option

Use the table below for the next question

Allentown Inc. 2017 and 2018 Statement of financial positions ($ in millions)
	2017	2018		2017	2018
Cash	$310	$405	Accounts payable	$2,720	$2,570
Accounts rec.	2,640	3,055	Notes payable	100	0
Inventory	3,275	3,850	Total	$2,820	$2,570
Total	$6,225	$7,310	Long-term debt	7,875	8,100
Net fixed assets	10,960	10,670	Common stock	5,000	5,250
			Retained earnings	1,490	2,060
Total assets	$17,185	$17,980	Total liab. & equity	$17,185	$17,980

Given the financial position above for Allentown company, what is the change in the Net Working Capital (NWC) from 2017 to 2018 ($ in millions)? (Find the NWC in 2017 and 2018, and find the difference) A. $1,235 B. $1,035 C. $1,335 yes D. $3,405 E. $4,740

Calculate net income given the following information: shares outstanding = 1,250,000; stock price = $35/share; PE ratio = 12.50. PE= Price per share/Net Income per share) A. $2,500,000 B. $2,750,000 C. $3,000,000 D. $3,250,000 E. $3,500,000 yes

_______________a video-shot of the financial condition of the firm during a particular period.

The balance sheet provides yes
The income statement provides
The statement of cash flows provides
All of the above provide
None of the above provides

The following statement of financial position and statement of comprehensive income should be used.

Sidekick, Inc. 2018 Statement of comprehensive income ($ in thousands)
Net Sales	$6,380
Less: Cost of Goods Sold	4,120
Less: Depreciation	360
Earnings Before Interest and Taxes	1,900
Less: Interest Paid	45
Taxable Income	1,855
Less: Taxes	650
Net Income	1,205

Sidekick, Inc. Statement of financial position Years ended 2017 and 2018 ($ in thousands)
	2017	2018		2017	2018
Cash	$230	$340	Accounts payable	$850	1,020
Accounts rec.	910	950	Long-term debt	1,650	1,400
Inventory	1,490	1,460	Common stock	2,500	2,200
Total	2,630	$2,750	Retained earnings	820	1,350
Net fixed assets	3,190	3,220
Total assets	$5,820	$5,970	Total liabilities & equity	$5,820	$5,970

How many dollars of sales are being generated by every $1 that Sidekick has in total assets($ in thousands)? (Use 2018 assets)(Assets Turnover). A. $1.01 B. $1.07 C. $1.09 yes D. $1.12 E. $1.16