ORANGEAID Consolidated Balance Sheets (partial) December December (in millions) 31, 20х3 31, 20х2 Assets Current assets: Cash and cash equivalents Accounts receivable (net of allowances of $14 and $21, respectively) $ 221 $ 75 529 543 Consolidated Statements of Income (partial) For the Year Ended December 31 (in millions) 20x3 20x2 20x1 Net sales 5,620 2$ 5,496 5,494 Net income $. 1,074 $4 867 $4 762
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- The accounting records of Nettle Distribution show the following assets and liabilities as of December 31,2018 and 2019.December 31 2018 2019Cash . . . . . . . . . . . . . . . . . . . . . . . . $ 64,300 $ 15,640Accounts receivable . . . . . . . . . . . 26,240 19,100Office supplies . . . . . . . . . . . . . . . . 3,160 1,960Office equipment . . . . . . . . . . . . . . 44,000 44,000Trucks . . . . . . . . . . . . . . . . . . . . . . . 148,000 157,000December 31 2018 2019Building . . . . . . . . . . . . . . . . . . . . . $ 0 $80,000Land . . . . . . . . . . . . . . . . . . . . . . . . 0 60,000Accounts payable . . . . . . . . . . . . . 3,500 33,500Note payable . . . . . . . . . . . . . . . . . 0 40,000Required1. Prepare balance sheets for the business as of December 31, 2018 and 2019. Hint: Report only total equityon the balance sheet and remember that total equity equals the difference between assets and liabilities.2. Compute net income for 2019 by comparing total equity amounts for these…How much uncollectible accounts expense should be presented on the statement of comprehensive income for the year ended December 31, 2018? 160,600 194,000 240,600 254,600Question Content Area Income tax expense was $326,992 for the year. Income taxes payable was $32,742 and $46,193 at the beginning and end of the year, respectively. Cash payments for income taxes reported on the statement of cash flows using the direct method are a.$313,541 b.$326,992 c.$340,443 d.$405,927
- Below are the financial statements for the financial year 2020 and 2021. Statement of Financial Position as at January 31, 2019 and 2020 2021 2020 Current Assets Cash and cash balane:es 33,500 2,550 Account rocoivable 110.100 108,150 Inventories 17.000 7,140 Olher Teceivubles and prepaid experises 83,700 176.320 228.500 167,240 461,400 Fixod doposits with licenscd banks Total current assets 472,800 Properly, plant and cxquiprnenl 1,860,000 619,500 Total Assets 2,332,800 1,080,900 Current Liabilities Account Payables 60,400 27.410 Other payables and accriies expenses 65.600 56,390 Notes payables 27.800 46,800 Total current liabilities 153,800 130,600 Long term Liabilities Long term barrowings 490.500 144,700 Conveitible bonds 342.980 Hire purchase payables 106.920 76,600 Total long term liabilities 940,400 221,300 Shareholders' equity: Issued capital 253.500 201,000 Sharo promium 541.800 425.000 Retaincd carnings 443.300 103,000 Total liabilities and owners' equity 2,332,800 1,080,900Required information [The following information applies to the questions displayed below.] Current Year ed Cash $ 11,500 Prior Year $ 14,200 Accounts receivable 61,500 27,000 Equipment, net Land Total assets 59,000 99,000 52,000 73,500 $ 231,000 $ 166,700 Express the items in common-size percents. Note: Round your percentage answers to one decimal place. Current Year Prior Year Cash % % ces Accounts receivable % % Equipment, net % % Land Total assets % % 0.0 % 0.0 %how would i do an horizontal and vertical analysis on the following? Consolidated Balance Sheets - USD ($) Jul. 31, 2020 Jul. 31, 2019 Current assets: Cash and cash equivalents $ 333,761,000 $ 11,054,000 Accounts and notes receivable, net 101,438,000 107,596,000 Inventories 72,664,000 80,454,000 Prepaid expenses and other current assets 35,944,000 42,275,000 Total current assets 543,807,000 241,379,000 Prepaid expenses and other current assets 35,944,000 42,275,000 Property, plant and equipment, net 591,042,000 596,723,000 Goodwill, net 247,195,000 247,195,000 Intangible assets, net 104,049,000 108,557,000 Operating lease, right-of-use assets 107,349,000 Other assets, net 74,748,000 69,105,000 Total assets 1,668,190,000 1,262,959,000 Current liabilities: Accounts payable 33,944,000 33,364,000 Short-term borrowings 0 43,000,000 Collateralized note payable 62,000,000 Current portion of long-term debt 859,095,000 631,756,000…
- (Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin The company's current ratio is (Round to two decimal places.) . Calculate the following ratios:Assume the following information (numbers in millions). Note: You can copy this table directly into Excel. Data Item EBIT ($) 2022 2023 13831 8891 -1082 Interest Expense ($) 113 Operating Assets ($) 34985 36920 Operating Liabilities 25,365 25703 ($) Net Fixed Assets ($) 41421 57002 Debt ($) 6942 10548 Tax Rate (%) 8.3% -50.1% What is free cash flow to equity in 2023? IMPORTANT! It will be very easy to goof up this problem given the negative interest expense and negative tax rate. Remember, if you subtract a negative this turns it into a positive. Hint: It will be so amazingly useful to remember the FCFE extra credit problem. To help, please note that the answer ranges between 1.300 and 2,100.Days' cash on handFinancial statement data for years ending December 31 for NewtonCompany follow: 20Y9 20Y8 Cash (end of year)Short-term investments (end of year)Operating expensesDepreciation expense $25,5008,27060,13513,225 $24,2509.46063,78011,400 Determine the days' cash on hand for 20Y8 and 2019. Round allcalculations to one decimal place.
- Income 31955 , assets 213000, assets at end year, 259000. What return on assetsCurrent assets Cash RUNNER INC. Statement of Financial Position (partial) December 31 (in thousands) 2021 Trading investments Accounts receivable, net Inventory Prepaid expenses Total current assets Total current liabilities $ 30 56 675 627 41 $ 1,429 $ 867 $ 2020 92 $ 60 589 522 52 $ 1,315 $ 819 2019 60 40 492 575 29 $ 1,196 $ 755Given the following financial statement information: $ in millions Income Statement Net Income: $578 Depreciation Expense: $50 Balance Sheet Accounts Receivable Total Inventory Dec. 31, 2022 $38 $112 Accounts Payable $85 Calculate the cash from operating activities. Dec. 31, 2023 $63 $157 $108