Chapter 6 E6

Palano Company and Subsidiary Consolidated Income Statement for the Year Ended December 31, 2020 $701,000 263,000 438,000 Sales Cost of sales Gross profit Operating Expenses: Depreciation expense Selling expenses $76,000 122,000 Administrative expenses 85,000 Consolidated net income 283,000 155,000 December 31 2019 2020 Accounts receivable $229,000 $318,000 Inventory 194,000 234,000 Prepaid selling expenses 26,000 30,000 Accounts payable 99,000 79,000 Accrued selling expenses 96,000 84,000 Accrued administrative expenses 56,000 39,000 Required: Prepare the cash flow from operating activities section of a consolidated statement of cash flows assuming use of the indirect method.

Steele Inc. Consolidated Statements of Income (in thousands except per share amounts)   2023   2022   2021 Net sales $7,245,088   $6,944,296   $6,149,218 Cost of goods sold (5,286,253)   (4,953,556)   (4,355,675) Gross margin $1,958,835   $1,990,740   $1,793,543 General and administrative expenses (1,259,896)   (1,202,042)   (1,080,843) Special and nonrecurring items 2,617   0   0 Operating income $701,556   $788,698   $712,700 Interest expense (63,685)   (62,398)   (63,927) Other income 7,308   10,080   11,529 Gain on sale of investments 0   9,117   0 Income before income taxes $645,179   $745,497   $660,302 Provision for income taxes 254,000   290,000   257,000 Net income $391,179   $455,497   $403,302   Steele Inc. Consolidated Balance Sheets (in thousands) ASSETS     Dec. 31, 2023     Dec. 31, 2022 Current assets: Cash and equivalents     $320,558     $41,235 Accounts receivable     1,056,911     837,377 Inventories     733,700…

G Mart Wholesale Inc.     Consolidated Income Statement   For Fiscal Year Ended June 30 ($ Millions) 2021 2020 Revenue     Net Sales $ 420,800 $ 400,500 Membership Fees $ 8,230 $ 7,560 Total Revenue $ 429,030 $ 408,060 Operating Expenses     Mechandising Costs $ 321,500 $ 320,000 Selling, General and Administrative $ 82,650 $ 71,600 Asset Impairment Expense $ 120 $ 180 Total Operating Expenses $ 404,270 $ 391,780 Operating Income $ 24,760 $ 16,280 Other Income (expense)     Interest Expense $ (260) $ (240) Interest Income and Other, Net $ 60 $ 52 Income Before Taxes $ 24,560 $ 16,092 Provision for income taxes $ 6,140 $ 4,023 Net Income Including Noncontrolling Interest $ 18,420 $ 12,069 Net Income Attributable to Noncontrolling Interest $ (32) $ (51) Net Income Attributable to G Mart $ 18,388 $ 12,018                     G Mart Wholesale Inc.     Consolidated Balance Sheet   As at June 30 ($ million) 2021 2020 Assets…

Pratt Company acquired all of the outstanding shares of Spider, Inc., on December 31, 2021, for $531,550 cash. Pratt will operate Spider as a wholly owned subsidiary with a separate legal and accounting identity. Although many of Spider's book values approximate fair values, several of its accounts have fair values that differ from book values. In addition, Spider has internally developed assets that remain unrecorded on its books. In deriving the acquisition price, Pratt assessed Spider's fair and book value differences as follows: Computer software Equipment Client contracts In-process research and development Notes payable Cash Receivables Inventory Investment in Spider Computer software Buildings (net) Equipment (net) At December 31, 2021, the following financial information is available for consolidation (credit balances in parentheses): Client contracts Goodwill Total assets Accounts payable Notes payable Common stock Additional paid-in capital Retained earnings Total liabilities…

Consolidate d Balance Sheet OF PZ                                                        2019                2018                                                                                $0                  $0 Turnover                                                             60,000           50,00 Cost of Sales                                                       42,000            34,00  Gross Profit                                                     18,000              16,000 Operating Expenses                                         15,500               13,00                                                                            2,500                 03,00 Interest Payable                                                   2,200 0              1,30 Profit before taxation                                           300                    1,70 Taxation                                                               350                        60 (Loss) Profit after taxation…

Identify and Compute Net Operating Assets Following is the balance sheet for Lowe’s Companies Inc. LOWE’S COMPANIES INC.   Consolidated Balance Sheet   $ millions, except par value Feb. 1, 2019   Current assets   Cash and cash equivalents $533 Short-term investments 227 Merchandise inventory—net 13,107 Other current assets 979 Total current assets 14,846 Property, less accumulated depreciation 19,234 Long-term investments 267 Deferred income taxes—net 307 Goodwill 316 Other assets 1,038 Total assets $36,008 Current liabilities   Short-term borrowings $753 Current maturities of long-term debt 1,158 Accounts payable 8,639 Accrued compensation and employee benefits 691 Deferred revenue 1,356 Other current liabilities 2,530 Total current liabilities 15,127 Long-term debt, excluding current maturities 15,017 Deferred revenue—extended protection plans 863 Other liabilities 1,199 Total liabilities 32,206 Shareholders’ equity…

Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500          $6,100  Accounts receivable18,400          26,600  Inventory13,200          10,200  Land34,200          30,200  Building76,200          76,200  Accumulated depreciation(17,200)        (14,200)Total137,300          135,100  Accounts payable19,500          33,300  Common stock ($5 par)74,500          74,500  Retained earnings43,300          27,300  Total137,300          135,100   Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83)

Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500          $6,100  Accounts receivable18,400          26,600  Inventory13,200          10,200  Land34,200          30,200  Building76,200          76,200  Accumulated depreciation(17,200)        (14,200)Total137,300          135,100  Accounts payable19,500          33,300  Common stock ($5 par)74,500          74,500  Retained earnings43,300          27,300  Total137,300          135,100   Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (a)Current ratioenter the ratio rounded to 2 decimal places

Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500          $6,100  Accounts receivable18,400          26,600  Inventory13,200          10,200  Land34,200          30,200  Building76,200          76,200  Accumulated depreciation(17,200)        (14,200)Total137,300          135,100  Accounts payable19,500          33,300  Common stock ($5 par)74,500          74,500  Retained earnings43,300          27,300  Total137,300          135,100   Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83)  Inventory turnoverenter the number rounded to 2 decimal places  Days in inventoryenter the number of days rounded to 0 decimal…

Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500          $6,100  Accounts receivable18,400          26,600  Inventory13,200          10,200  Land34,200          30,200  Building76,200          76,200  Accumulated depreciation(17,200)        (14,200)Total137,300          135,100  Accounts payable19,500          33,300  Common stock ($5 par)74,500          74,500  Retained earnings43,300          27,300  Total137,300          135,100   Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) Asset turnoverenter the number rounded to 2 decimal places  (g)Return on assetsenter percentages rounded to 0 decimal places…

Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500          $6,100  Accounts receivable18,400          26,600  Inventory13,200          10,200  Land34,200          30,200  Building76,200          76,200  Accumulated depreciation(17,200)        (14,200)Total137,300          135,100  Accounts payable19,500          33,300  Common stock ($5 par)74,500          74,500  Retained earnings43,300          27,300  Total137,300          135,100   Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (a)Current ratioenter the ratio rounded to 2 decimal places (b)Acid-test ratioenter the ratio rounded to 2 decimal places…

Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500          $6,100  Accounts receivable18,400          26,600  Inventory13,200          10,200  Land34,200          30,200  Building76,200          76,200  Accumulated depreciation(17,200)        (14,200)Total137,300          135,100  Accounts payable19,500          33,300  Common stock ($5 par)74,500          74,500  Retained earnings43,300          27,300  Total137,300          135,100   Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (i)Earnings per share$enter a dollar amount rounded to 2 decimal places  (j)Payout ratioenter percentages rounded to 0 decimal…

Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500          $6,100  Accounts receivable18,400          26,600  Inventory13,200          10,200  Land34,200          30,200  Building76,200          76,200  Accumulated depreciation(17,200)        (14,200)Total137,300          135,100  Accounts payable19,500          33,300  Common stock ($5 par)74,500          74,500  Retained earnings43,300          27,300  Total137,300          135,100   Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83)     Inventory turnoverenter the number rounded to 2 decimal places  Days in inventoryenter the number of days rounded to 0 decimal…

Crane Company has these comparative balance sheet data: CRANE COMPANYBalance SheetsDecember 31     2022   2021 Cash   $ 27,105   $ 54,210 Accounts receivable (net)   126,490   108,420 Inventory   108,420   90,350 Plant assets (net)   361,400   325,260     $623,415   $578,240 Accounts payable   $ 90,350   $ 108,420 Mortgage payable (15%)   180,700   180,700 Common stock, $10 par   252,980   216,840 Retained earnings   99,385   72,280     $623,415   $578,240 Additional information for 2022: 1.   Net income was $27,900. 2.   Sales on account were $382,300. Sales returns and allowances amounted to $29,000. 3.   Cost of goods sold was $207,500. 4.   Net cash provided by operating activities was $57,000. 5.   Capital expenditures were $28,900, and cash dividends were $17,900. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal…

Consolidated Cash Flow Statement of Pineda Corporation and its subsidiary Swamy Corporation as of December 2019 and 2020: Assets 2020 2019 Net Change Incr. (Decr.)                        $                $ $ Cash                  313,000            195,000                118,000 Marketable equity securities (at cost)                  175,000            175,000   Allowance to reduce marketable equity securities to market                 (13,000)            (24,000)                  11,000 Accounts receivable (net)                  418,000            440,000               (22,000) Inventories                  595,000            525,000                 70,000 Land                  385,000            170,000               215,000 Plant and equipment                  755,000            690,000                 65,000 Accumulated depreciated               (199,000)          (145,000)…

Financial statements for Steele Inc. follow. Steele Inc. Consolidated Income Statements (in thousands except per share amounts)   2023 2022 2021 Net sales $7,245,088   $6,944,296   $6,149,218   Cost of goods sold (5,286,253)   (4,953,556)   (4,355,675)   Gross margin $1,958,835   $1,990,740   $1,793,543   General and administrative expenses (1,259,896)   (1,202,042)   (1,080,843)   Special and nonrecurring items 2,617   0   0   Operating income $701,556   $788,698   $712,700   Interest expense (63,685)   (62,398)   (63,927)   Other income 7,308   10,080   11,529   Gain on sale of investments 0   9,117   0   Income before income taxes $645,179   $745,497   $660,302   Provision for income taxes (254,000)   (290,000)   (257,000)   Net income $391,179   $455,497   $403,302     Steele Inc. Consolidated Balance Sheets (in thousands) ASSETS Dec. 31, 2023 Dec. 31, 2022 Current assets: Cash and equivalents $320,558   $41,235   Accounts…

Caesar Limited The Statement of Comprehensive Income of Caesar Limited for the year to 31st December 2021 is shown below. The company's statement of financial position as of that date (with comparative figures for 2020) is also shown. Caesar LimitedStatement of Comprehensive Income for the year to 31st December 2021   2021   £'000 Sales 4,450 Cost of sales (2,738) Gross profit 1,712 Administration and distribution expenses (980) Interest payable (740) Dividend received 649 Profit before tax 641 Taxation (200) Profit after tax  441   Caesar Limited Statements of Financial Position as at 31 December 2021 and 2020       2021   2020     £'000   £'000 ASSETS:         Non-current assets         Property, plants and equipment   3,450   3,340 Investments   840   840     4,290   4,180 Current assets         Inventories 790   588   Trade receivables 423   541   Cash at bank 621 1,834 --- 1,129     6,124…

Title INGRAM INDUSTRIES Balance Sheet June 30, 2008 Assets Current assets: Cash (including $13,000 in... Description INGRAM INDUSTRIES Balance Sheet June 30, 2008   Assets Current assets: Cash (including $13,000 in sinking fund for bonds payable) $ 70,000 Marketable securities 23,400 Investment in subsidiary company 23,000 Accounts receivable 21,000 Inventories (lower-of-cost-or-market) 117,00 $254,400 Plant assets: Land and buildings $160,000 Less: Accumulated depreciation 100,000 60,000 Investments: Treasury stock 4,000 Deferred charges: Discount on bonds payable $ 6,000 Prepaid expenses 2,000 8,000 Total Assets $326,400 Liabilities and Stockholders’ Equity Liabilities: Notes payable to bank $ 60,000 Accounts payable 18,000 Bonds payable 61,000 Total liabilities $139,000 Stockholders’ equity: Preferred and common (each $10 par, 5,000 shares preferred and 6,000 shares common) $110,000 Capital in excess of par 61,000 Retained earnings 16,400 187,400 Total liabilities and…

Vertical Analysis of Balance Sheets Consolidated balance sheets for Winged Manufacturing follow. Winged ManufacturingConsolidated Balance Sheets(dollars in thousands)   December 31 ASSETS 2023 2023 Current assets: Cash and cash equivalents $1,203,488   $676,413   Short-term investments 54,368   215,890   Accounts receivable, net of allowance for doubtful accountsof $90,992 ($83,776 in 2022) 1,581,347   1,381,946   Inventories 1,088,434   1,506,638   Deferred tax assets 293,048   268,085   Other current assets 255,767   289,383   Total current assets $4,476,452   $4,338,355   Property, plant, and equipment: Land and buildings $484,592   $404,688   Machinery and equipment 572,728   578,272   Office furniture and equipment 158,160   167,905   Leasehold improvements 236,708   261,792     $1,452,188   $1,412,657   Accumulated depreciation and amortization (785,088)   (753,111)   Net property, plant, and equipment $667,100   $659,546   Other assets…

Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow: Cash Accounts receivable (net) Merchandise inventory Buildings and equipment (net) Trademark Totals Accounts payable Notes payable, long-term Noncontrolling interest Common stock, $10 par Retained earnings (deficit) Totals 2014 2013 $ 9,550 $ 10,600 49,550 82,750 102,000 116,500 118,500 136,500 22,750 39,750 $43,050. $43,200. $21,600. $15,700. $362,350 $326,100 $ 92,600 $ 71,000 0 31,700 52,800 43,000 200,000 200,000 16,950 (19,600) $362,350 $ 326,100 Additional Information for Fiscal Year 2014 • Iverson and Oakley's consolidated net income was $58,750. Oakley paid $7,000 in dividends during the year. Iverson paid $11,000 in dividends. Oakley sold $18,000 worth of merchandise to Iverson during the year. There were no purchases or sales of long-term assets during the year. In the 2014 consolidated statement of cash flows for Iverson Company: Net cash flows from operating…

PARROTHEAD ENTERPRISES 2020 and 2021 Partial Balance Sheets Assets 2020 2021 Liabilities and Owners’ Equity 2020 2021 Current assets  $ 1,278  $ 1,403 Current liabilities  $ 566  $ 613 Net fixed assets 5,057 6,120 Long-term debt 2,760 2,939     PARROTHEAD ENTERPRISE 2021 Income Statement Sales $ 15,874 Costs 7,243 Depreciation 1,435 Interest paid 436     a. What is owners' equity for 2020 and 2021?  b. What is the change in net working capital for 2021?  c-1. In 2021, Parrothead Enterprises purchased $2,640 in new fixed assets. How much in fixed assets did the company sell?  c-2. In 2021, Parrothead Enterprises purchased $2,640 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 24 percent.  d-1. During 2021, Parrothead Enterprises raised $564 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year?  d-2. During 2021, Parrothead Enterprises raised $564 in new…

Vertical Analysis of Balance Sheets Consolidated balance sheets for Winged Manufacturing follow. Winged ManufacturingConsolidated Balance Sheets(dollars in thousands)   December 31 ASSETS 2023 2023 Current assets: Cash and cash equivalents $1,203,488   $676,413   Short-term investments 54,368   215,890   Accounts receivable, net of allowance for doubtful accountsof $90,992 ($83,776 in 2022) 1,581,347   1,381,946   Inventories 1,088,434   1,506,638   Deferred tax assets 293,048   268,085   Other current assets 255,767   289,383   Total current assets $4,476,452   $4,338,355   Property, plant, and equipment: Land and buildings $484,592   $404,688   Machinery and equipment 572,728   578,272   Office furniture and equipment 158,160   167,905   Leasehold improvements 236,708   261,792     $1,452,188   $1,412,657   Accumulated depreciation and amortization (785,088)   (753,111)   Net property, plant, and equipment $667,100   $659,546   Other assets…

Vertical Analysis of Balance Sheets Consolidated balance sheets for Winged Manufacturing follow. Winged ManufacturingConsolidated Balance Sheets(dollars in thousands)   December 31 ASSETS 2023 2023 Current assets: Cash and cash equivalents $1,228,488   $676,413   Short-term investments 54,368   215,890   Accounts receivable, net of allowance for doubtful accountsof $90,992 ($83,776 in 2022) 1,581,347   1,381,946   Inventories 1,088,434   1,541,638   Deferred tax assets 293,048   268,085   Other current assets 255,767   289,383   Total current assets $4,501,452   $4,373,355   Property, plant, and equipment: Land and buildings $484,592   $404,688   Machinery and equipment 587,728   578,272   Office furniture and equipment 158,160   167,905   Leasehold improvements 236,708   261,792     $1,467,188   $1,412,657   Accumulated depreciation and amortization (785,088)   (753,111)   Net property, plant, and equipment $682,100   $659,546   Other assets…

THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in millions except par value) December 31, ASSETS Current Assets Cash and cash equivalents Short-term investments Total Cash, Cash Equivalents and Short-Term Investments Marketable securities Trade accounts receivable, less allowances of $516 and $516, respectively Inventories Prepaid expenses and other current assets Total Current Assets 2022 $9,519 1,043 10,562 1,069 3,487 4,233 3,240 22,591 2021 $9.684 1,242 10,926 1,099 3,512 3,414 2.994 22,545 If we find out that the beverage industry estimates that for 2022 15% of Gross Receivables may not be collected, and this has been a pretty good estimate for the past couple of years. By how much is Coca Cola artificially overstating their 2022 net income? Round your answer to one decimal place. For example, an answer of $73.22 million is simply $3.2 Question 4 of 10

Consolidated Income Statements In millions of dollars     Year ended Dec 31, 2020   Year ended Dec 31, 2019   Year ended Dec 31, 2018   Net sales   $ 9,385   $ 9,715   $ 10,154   Cost of goods sold   6,306   6,496   6,636   Selling, general, and administrative expenses   3,713   3,701   11,072       Consolidated Balance Sheets In millions of dollars ASSETS   As of Dec 31, 2020   As of Dec 31, 2019   Cash and cash equivalents   $ 981   $ 349   Accounts receivable, net   1,678   1,842   Inventories   1,638   1,606   Prepaid expenses and other current assets   331   313          Total current assets   $ 4,628   $ 4,110   Which inventory cost flow assumption does Newell Brands use to value its inventories? LIFO FIFO Weighted Average Cost Specific Identification     What is the most likely reason that Newell Brands…

THE COCA-COLA COMPANY AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions except par value) December 31, ASSETS Current Assets Cash and cash equivalents Short-term investments Total Cash, Cash Equivalents and Short-Term Investments Marketable securities Trade accounts receivable, less allowances of $516 and $516, respectively Inventories Prepaid expenses and other current assets Total Current Assets 2022 $9,519 1,043 10,562 1,069 3,487 4,233 3,240 22,591 2021 $9.684 1,242 10,926 1,699 3,512 3,414 2,994 22,545 Save Answer For 2022, what % of Gross A/R does Coca-Cola's managment estimate they will not collect? Round to one decimal place, do not place a percentage sign in your answer. (Sample response 10.6)

Presented below is information related to Anderson Company for 2022. Sales revenueCost of goods soldInterest expenseSelling and administrative expensesLoss from write-off of goodwillGain on the sale of investmentsLoss due to flood damageLoss on the disposition of the wholesale division Loss on operations of the wholesale division Dividends declared on ordinary shares Dividends declared on preference shares 25,000,000 16,000,000 70,000 4,700,000 820,000 110,000 390,000 800,000 150,000 250,000 60,000 Anderson decided to discontinue its entire wholesale operations and to retain its manufacturing operations. On September 15, Anderson sold the wholesale operations to Rogers Company. During 2022, there were 500,000 ordinary shares outstanding all year. Prepare an income statement for the year ended 31 December 2022. Applicable tax rate is 30%.

Which of the following statements is TRUE about Verizon's fınancial statements? verizon Consolidated Balance Sheets (In millions of dollars) As of As of Dec 31, 2020 $ 22,171 Dec 31, 2019 $ 2,594 ASSETS Cash and cash equivalents Accounts receivable 23,917 25,429 Inventories 1,796 1,422 Prepaid expenses and other current assets 6,710 8,028 Total current assets 54,594 37,473 Property and equipment, net 94,833 91,915 Intangible assets 152,814 151,640 Other long-term assets 10,699 $ 291,727 14,240 Total assets $ 316,481 LIABILITIES & EQUITY Debt maturing within one year $ 5,889 $ 10,777 Accounts payable and accrued liabilities 20,658 21,806 Other current liabilities 13,113 12,285 Total current liabilities 39,660 44,868 Long-term debt 123,173 100,712 Other long-term liabilities 84,376 83,312 Total liabilities 247,209 228,892 Common stock and additional paid in capital 13,833 13,858 Retained earnings 60,464 53,147 Accumulated other comprehensive income (5,025) (4,170) Total shareholders'…

Sound Break CorporationIncome and Retained Earnings StatementFor the year Ended December 31, 2020Net Sales P1,000,000Cost of Goods Sold:Inventory, Dec. 31, 2019 P250,000Purchases 720,000Total Goods Available P970,000Inventory 220,000 750,000Gross Margin on Sales P 250,000Selling and Administrative (including Depreciation of P20,000) 125,000Net Income before Tax P 125,000Provision for Income Tax 35,000Net Income for the Year P 90,000Retained Earnings, beginning 130,000Total P 220,000Dividends Paid 30,000Retained Earnings, December 31, 2020 P 190,000     Sound Break CorporationBALANCE SHEETDecember 31, 2019 and 2020 ASSETS 2019 2020Current Assets:Cash P 75,000 P 85,000Marketable Securities 25,000 25,000Trade Receivables, net 185,000 245,000Inventory, at cost 250,000 220,000Prepaid Expenses 15,000 10,000Total Current Assets P550,000 P585,000Property and Other Assets:Equipment, net P340,000 P320,000Other Assets 15,000 15,000Total Property and Other Assets P355,000 P335,000 Total Assets…

Calculate the internal and sustainable growth rates for Zoom Video Communications; Retention ratio is 0.006 or .6% Consolidated Balance Sheet information: CONSOLIDATED BALANCE SHEETS - USD ($)$ in Thousands Jan. 31, 2020 Jan. 31, 2019 Current assets:     Cash and cash equivalents $ 283,134 $ 63,624 Marketable securities 572,060 112,777 Accounts receivable, net of allowances of $7,634 and $2,071 as of January 31, 2020 and 2019, respectively 120,435 63,613 Deferred contract acquisition costs, current 44,885 26,453 Prepaid Expense and Other Assets, Current 75,008 10,252 Total current assets 1,095,522 276,719 Deferred contract acquisition costs, noncurrent 46,245 29,063 Property and equipment, net 57,138 37,275 Operating lease right-of-use assets 68,608   Other assets, noncurrent 22,332 11,508 Total assets 1,289,845 354,565 Current liabilities:     Accounts payable 1,596 4,963 Accrued expenses and other current liabilities 122,692 32,256 Deferred…

SNIDER CORPORATIONBalance SheetDecember 31, 20X1 Assets       Current assets:       Cash   $ 52,200 Marketable securities     24,400 Accounts receivable (net)     222,000 Inventory     238,000 Total current assets   $ 536,600 Investments     65,900 Plant and equipment. $615,000     Less: Accumulated depreciation 271,000     Net plant and equipment     344,000 Total assets   $ 946,500 Liabilities and Stockholders' Equity       Current liabilities:       Accounts payable   $ 93,400 Notes payable     70,600 Accrued taxes     17,000 Total current liabilities   $ 181,000 Long-term liabilities:       Bonds payable     153,200 Total liabilities   $ 334,200 Stockholders' equity       Preferred stock, $50 par value   $ 100,000 Common stock, $1 par value     80,000 Capital paid in excess of par     190,000 Retained earnings     242,300 Total stockholders' equity   $ 612,300 Total liabilities and stockholders' equity   $ 946,500…

Selected ratios formulars Unilever 2021 BOPP 2021 ROCE PBIT / net assets * 100 (32,424/39,406 *100 = - 82% 102,154 / 192,758 *100 =53% Net Assets Turnover Revenue / Net Assets 526,912 / 39,406 = 13 times 214,174 / 192,758 = 1 time Gross Profit Margin Gross profit / revenue *100 97,046 / 526,912 *100 18.4% 115,462 / 214,174 * 100 54% Net Profit Before Tax PBT / revenue * 100 (35,005) / 526,912* 100 = -6.6% 104,778 / 214,174* 100 =48.9% Current Ratio Current assets / current liabilities 214,665/341,171 = 0.5 139,104 / 30,368 = 4.5 Quick Ratio Current assets – inventory / current liabilities 214,665-91,627 /341,171 = 0.4 139,104 -13,248/ 30,368 = 4.1 Inventory Days Inventory / cost of sales * 365 days  91,627/ 429,866 *365 = 77 days 13,248 / 101,397 *365 = 47 days Receivable Days Receivables / cost of sales * 365 days 24,515 / 429,866 *365 =20 days 92,860 / 101,397 *365 =334 days Payable Days…