The following information is available for Splish Brothers Inc.: Cash receipts from operating activities Cash payments from operating activities Net cash used by investing Net cash provided by financing Net increase in cash and equivalents Cash and equivalents at start of year Cash and equivalents at year-end (in million) $940 $290 $250 $900 $660 What is the net increase in cash and equivalents? O $640 $1800 $1300 $2460 Use the following data to determine the total dollar amount of assets to be classified as current assets. Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Sunland Company Balance Sheet December 31, 2017 $187000 Accounts payable $201000 140000 Salaries and wages payable 27000 170000 Mortgage payable 246500 90700 Total liabilities $474500 261000 281000 $303000 Common stock $371200 (63500) 239500 Retained earnings 748500 225000 Total stockholders' equity $1119700 Total liabilities and $1594200 stockholders' equity $1594200 Total assets $497000 $587700 $417700 $848700 Use the following data to determine the total amount of working capital. Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Oriole Company Balance Sheet December 31, 2017 $196000 Accounts payable $200000 155000 Salaries and wages payable 28000 154000 Mortgage payable 230500 85400 Total liabilities $458500 256000 274000 $320000 Common stock $397900 (58000) 262000 Retained earnings 741000 215000 Total stockholders' equity $1138900 Total liabilities and $1597400 stockholders' equity Total assets $1597400 $132400 $362400 $182400 $392400 Which of the following is a measure of liquidity? Earnings per share O Debt to assets ratio o Working capital Profit margin Use the following data to determine the total dollar amount of assets to be classified as investments. Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings Less: Accumulated depreciation Trademarks Oriole Company Balance Sheet December 31, 2017 $197000 Accounts payable $210000 144000 Salaries and wages payable 27000 167000 Mortgage payable 231500 87400 Total liabilities $468500 268000 272000 $319000 Common stock $404900 (63000) 256000 Retained earnings 737000 219000 Total stockholders' equity $1141900 $1610400 stockholders' equity Total liabilities and Total assets . $1610400 $0 $540000 $478000 $268000 A liquidity ratio measures the short-term ability of a company to pay its maturing obligations and to meet unexpected needs for cash. percentage of total financing provided by creditors. ability of a company to survive over a long period of time. income or operating success of a company over a period of time. Working capital is calculated by dividing current assets by current liabilities. used to evaluate a company's solvency and long-term debt paying ability. used to evaluate a company's liquidity and short-term debt paying ability. calculated by subtracting current assets from current liabilities
