- Question 4 The Following Shows Extracts Of The Financials For Example Company As At 31 Dec 2018 Example Company Bala 1 (45.67 KiB) Viewed 25 times
- Question 4 The Following Shows Extracts Of The Financials For Example Company As At 31 Dec 2018 Example Company Bala 2 (46.68 KiB) Viewed 25 times
". Question 4 The following shows extracts of the financials for Example Company as at 31-Dec-2018. Example Company Balance Sheet December 31, 2018 ASSETS Current assets Cash $ 5,000 Petty cash 35.900 Temporary investments 8,500 Accounts receivable-net 2,900 Inventory 6,100 Supplies 1,100 Prepaid insurance 1,500 Total current assets 61,000 Investments Long-term liabilities Notes payable 20,000 Property, plant & equipment Bonds payable 400,000 Land Total long-term liabilities 420,000 Land improvements Buildings Equipment Total liabilities 481,000 Less: accum depreciation Prop, plant & equip - net; STOCKHOLDERS' EQUITY Common stock 110.000 Retained earnings 220,000 Accum other comprehensive income 9,000 Less: Treasury stock (50,000) Total stockholders' equity 289,000 Total liabilities & stockholders' equity $770,000 LIABILITIES Current liabilities Notes payable Accounts payable Wages payable Interest payable Taxes payable Warranty liability Uneamed revenues Total current liabilities $ 2,100 100 10,000 40,500 31,000 3,800 1,500 89,000 36,000 5,500 6,500 180,000 201,000 (56,000) 337,000 105,000 200,000 305,000 Other assets 3,000 Total assets $ 770.000 The notes to the sample balance sheet have been omitted Intangible assets Goodwill Trade names Total intangible assets
Example Corporation Income Statement For the year ended December 31, 2013 Sales (all on credit) $500,000 380,000 Cost of goods sold Gross profit 120,000 Operating expenses Selling expenses 35,000 Administrative expenses 45,000 Total operating expenses 80,000 40,000 12,000 28,000 5,000 $ 23,000 Operating income Interest expense Income before taxes Income tax expense Net income after taxes (a) Copy and complete the following table Financial Ratio Careutation Bishow workinges Net Working Capital Current Ratio Quick(Acid Test) Ratio AVC Receivable Turnover Ratio Days' Sale In AVC Receivable Inventory Turnover Days' Sale In Inventory Debt To Equity (b) Common size the Income Statement. (12 marks) (3 marks)