Question
Question text Below is the balance sheet for Joshua Company. JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash
Question text
Below is the balance sheet for Joshua Company.
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 |
| 2017 |
| 2016 |
Current assets: |
|
|
|
Cash and cash equivalents | $ 204 |
| $ 133 |
Accounts receivable | 267 |
| 157 |
Inventories | 131 |
| 264 |
Prepaid insurance | 12 |
| 42 |
Total current assets | 614 |
| 596 |
Long term assets: |
|
|
|
Property, plant, and equipment | 245 |
| 260 |
Less accumulated depreciation | - 140 |
| - 125 |
Property, plant, and equipment, net | 105 |
| 135 |
Total assets | $ 719 |
| $ 731 |
|
|
|
|
Current liabilities: |
|
|
|
Accounts payable | $ 97 |
| $ 83 |
Wages payable | 20 |
| 17 |
Current portion of long term notes | 132 |
| 33 |
Total current liabilities | 249 |
| 133 |
Long term liabilities: |
|
|
|
Notes payable | 98 |
| 198 |
Total liabilities | 347 |
| 331 |
Stockholders' equity: |
|
|
|
Common stock | 103 |
| 117 |
Retained earnings | 269 |
| 283 |
Total Stockholders' equity | 372 |
| 400 |
Total liabilities and stockholders' equity | $ 718 |
| $ 731 |
Using common-size analysis, what percentage would be attributable to the 2017 accounts receivable of Joshua Company?
Select one:
A. 37.1 percent
B. 35.4 percent
C. 13.5 percent
D. 14.5 percent
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Question text
Below is the balance sheet for Joshua Company.
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 |
| 2017 |
| 2016 |
Current assets: |
|
|
|
Cash and cash equivalents | $ 204 |
| $ 133 |
Accounts receivable | 267 |
| 157 |
Inventories | 131 |
| 264 |
Prepaid insurance | 12 |
| 42 |
Total current assets | 614 |
| 596 |
Long term assets: |
|
|
|
Property, plant, and equipment | 245 |
| 260 |
Less accumulated depreciation | - 140 |
| - 125 |
Property, plant, and equipment, net | 105 |
| 135 |
Total assets | $ 719 |
| $ 731 |
|
|
|
|
Current liabilities: |
|
|
|
Accounts payable | $ 97 |
| $ 83 |
Wages payable | 20 |
| 17 |
Current portion of long term notes | 132 |
| 33 |
Total current liabilities | 249 |
| 133 |
Long term liabilities: |
|
|
|
Notes payable | 98 |
| 198 |
Total liabilities | 347 |
| 331 |
Stockholders' equity: |
|
|
|
Common stock | 103 |
| 117 |
Retained earnings | 269 |
| 283 |
Total Stockholders' equity | 372 |
| 400 |
Total liabilities and stockholders' equity | $ 718 |
| $ 731 |
Using common-size analysis, what percentage would be attributable to the 2016 inventories of Joshua Company?
Select one:
A. 31.3 percent
B. 36.1 percent
C. 34.5 percent
D. 21.5 percent
r Financial Analysis (Appendc A) Assignmentb ESTON 23 Not yot asweredMarked out of 00 Bay qustion Below Is the balance sheet for joshua Company JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2015 Current 555cts Cash and cash cqulvalents Accounts receivable Inventories Prepald Insurance Total current assets Long term assets Property, plant, and equipment Less accumulated depreciation Property, plant, and cquipment, nct Totnl asctS s 204 267 131 s 133 157 264 42 596 614 245 260 125 currooribitties Accounts payablc Wages payabie Curront portion of tong term notes 397 S 83 20 17 249 ongtom inbnie Nates 20yabie Tom:abities Stackhalaers equity Rotaince eonng Total Stockhoiders odultyStep by Step Solution
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