RWP10-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed below.] Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional $1 million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp. Great Adventures has authorized $1 par value common stock. When the company began on July 1 , 2024, Tony and Suzie each purchased 10,000 shares (20,000 shares totai) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of November 5 Issue an additional 124,000 shares of common stock for $10 per share. November 16 Purchase 12,400 shares of its own common stock (i.e, treasury stock) for November 16 Purchase 12,400 shares of its own common stock (1.e., treasury stock) for $27 November 24 Resell 6,400 shares of treasury stock at $28 per share. December 1 Declare a cash dividend on its common stock of $13,800($0.10 per share ) to all December 20 Pay the cash dividend declared on December 1 . December 30 Pay $860,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. 2. Great Adventures has net income of $39,923 in 2025. Retained earnings at the beginning of 2025 was $34,650. Prepare the stockholders' equity section of the balance sheet for Great Adventures as of December 31,2025 . (Amounts to be deducted should be indicated with a minus sign.) RWP12-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. As you can tell from the financial statements, 2025 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child. of 4 Required: 1. Calculate the following risk ratios for 2025. (Use 365 days in a year. Round your intermediate calculations and fina answers to 1 decimal place.) 2. Calculate the following profitability ratios for 2025 . (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) RWP10-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed below.] Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional $1 million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp. Great Adventures has authorized $1 par value common stock. When the company began on July 1 , 2024, Tony and Suzie each purchased 10,000 shares (20,000 shares totai) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of November 5 Issue an additional 124,000 shares of common stock for $10 per share. November 16 Purchase 12,400 shares of its own common stock (i.e, treasury stock) for November 16 Purchase 12,400 shares of its own common stock (1.e., treasury stock) for $27 November 24 Resell 6,400 shares of treasury stock at $28 per share. December 1 Declare a cash dividend on its common stock of $13,800($0.10 per share ) to all December 20 Pay the cash dividend declared on December 1 . December 30 Pay $860,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. 2. Great Adventures has net income of $39,923 in 2025. Retained earnings at the beginning of 2025 was $34,650. Prepare the stockholders' equity section of the balance sheet for Great Adventures as of December 31,2025 . (Amounts to be deducted should be indicated with a minus sign.) RWP12-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed below.] Income statement and balance sheet data for Great Adventures, Incorporated, are provided below. As you can tell from the financial statements, 2025 was an especially busy year. Tony and Suzie were able to use the money received from borrowing and the issuance of stock to buy land and begin construction of cabins, dining facilities, ropes course, and the outdoor swimming pool. They even put in a baby pool to celebrate the birth of their first child. of 4 Required: 1. Calculate the following risk ratios for 2025. (Use 365 days in a year. Round your intermediate calculations and fina answers to 1 decimal place.) 2. Calculate the following profitability ratios for 2025 . (Use 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.)
