Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following are financial statements of Carla Vista Co.. Carla Vista Co. Balance Sheet December 31, 2025 Assets Current assets Cash Debt investments $56,300 Accounts
The following are financial statements of Carla Vista Co.. Carla Vista Co. Balance Sheet December 31, 2025 Assets Current assets Cash Debt investments $56,300 Accounts receivable (net) 81,000 Inventory Total current assets 169,500 Plant assets (net) Total assets 425,700118,900 Liabilities and Stockholders' Equity. Current liabilities Accounts payable $161,000 Income taxes payable Total current liabilities 198,00037,000 Bonds payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 355,000244,820599,820$999,700 Additional information: The weighted-average common shares outstanding during the year was 50,000. (a) Compute the following values and ratios for 2025. (We provide the results from 2024 for comparative purposes.) (Round Current Ratio and Earnings per share to 2 decimal places, e.g. 15.25:1 or 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9\%. Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) (i) Working capital. (2024: $160,500) (ii) Current ratio. (2024: 1.65:1) (iii) Debt to assets ratio. (2024: 31\%) (iv) Earnings per share. (2024: $3.15) (i) Working capital $ (ii) Current ratio :1 (iii) Debt to assets ratio % (iv) Earnings pershare \$
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started