LemonWheel, Inc began 2023 with $6,296,053 in cash. Over the course of 2023, they experienced the following changes in their balance sheet. What is the ending cash balance for LemonWheel in 2023? (round to the nearest $1) Long Term Debt Net Property & Equipment Common Stock $6,549,092 Retained Earnings ($11,072,657) Accounts Receivable $4,239,953 Inventory ($2,243,946) ($2,525,887) $3,983,315
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- has the following balance sheet (December 31, 2023). The figures are in $ million. Cash Short-term investments Accounts receivable Inventory Current assets Gross fixed assets Accumulated deprec. Net fixed assets $40 30 30 70 170 250 50 200 Total assets Accounts payable Accruals Notes payable $370 Current liabilities Long-term debt Common stock (par value=$1) Retained earnings Total common equity Total liab. & equity Note that only 50% of "cash" (shown in the balance sheet above) is used in operation. $30 50 10 90 70 30 180 210 Use the above information to answer questions 8 8. What is its total operating capital for 2023? $240 m $370The net income for 2025 was $26,070. Assume that total assets are the same in 2024 and 2025. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%) (a) (b) (c) (d) Current ratio Acid-test ratio Debt to assets ratio Return on assets % %ScanOptics began 2023 with $5,986,819 in cash. Over the course of 2023, ScanOptics experienced the following changes in its balance sheet. What is the ending cash balance for ScanOptics in 2023? (round to the nearest $1) Inventory Net Property & Equipment Accounts Payable ($2,477,035) Common Stock $1,092,932 $742,758 Accounts Receivable Long Term Debt $1,412,617 $2,332,168 ($1,335,730)
- Daryyu Inc.’s Balance Sheet as of December 31, 2022 is as follows: Current Assets P 800,000.00 Accounts Payable P 200,000.00 Notes Payable 200,000.00 Long-term Liabilities 350,000.00 Fixed Assets 300,000.00 Equity 350,000.00 1,100,000.00 1,100,000.00 In 2022, the company reported sales of 3,000,000, Net Income of 60,000, and dividends of 10,000. Sales are projected to increase by 10% next year. Both Profit Margin and the Dividend Pay-Out Ratio will remain the same. Operations are at full capacity. Assume external fund will be raised through issuances of Long-Term Obligations or Bonds. A. How much Long-term Debt will the company have to issue next year? B. If the operations are not in full capacity, what will be your answer?Presented below is the trial balance of Grimjow Corporation at December 31, 2020. Debit Credit Cash $ 201,970 Sales $ 8,104,060 Debt Investments (trading) (at cost, $145,000) 157,060 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 303,970 Equity Investments (long-term) 281,970 Notes Payable (short-term) 94,060 Accounts Payable 459,060 Selling Expenses 2,004,060 Investment Revenue 66,860 Land 264,060 Buildings 1,044,970 Dividends Payable 140,970 Accrued Liabilities 100,060 Accounts Receivable 439,060 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 29,060 Administrative Expenses 903,860 Interest Expense 214,860 Inventory 601,970 Gain 83,860 Notes Payable (long-term) 904,970…Blossom Company has been operating for several years, and on December 31, 2025, presented the following balance shee Cash Receivables Inventory Plant assets (net) (a) (b) (c) (d) BLOSSOM COMPANY Balance Sheet December 31, 2025 Current ratio $44,000 Accounts payable Mortgage payable Common stock ($1 par) Retained earnings 69.600 Acid-test ratio 79,200 238,500 $431,300 The net income for 2025 was $25,878. Assume that total assets are the same in 2024 and 2025. Compute each of the following ratios. (Round answers to 2 decimal places, eg. 1.59 or 45.87%.) Debt to assets ratio Return on assets $80,000 % 178,780 % 152.300 20.220 $431,300
- The balance sheet for Aggie Company at December 31, 2021 indicated that total assets were $1,450 and total liabilities were $1,160. At December 31, 2022 total assets had decreased to $1,280. Additional information available for 2022 included the following: Revenues $580 Expenses 370 Dividends 48 Total liabilities on the December 31, 2022 balance sheet were: Select one: O O O O a. $500 b. $452 C. $876 d. $828 e. $1,032The Murdock Corporation reported the following balance sheet data for 2024 and 2023: 2024 2023 Cash $ 98,465 $ 34,355 Available-for-sale debt securities (not cash equivalents) 25,000 104,000 Accounts receivable 99,000 85,350 Inventory 184,000 162,100 Prepaid insurance 3,210 3,900 Land, buildings, and equipment 1,288,000 1,144,000 Accumulated depreciation (629,000) (591,000) Total assets $ 1,068,675 $ 942,705 Accounts payable $ 93,440 $ 167,670 Salaries payable 27,600 34,000 Notes payable (current) 42,100 94,000 Bonds payable 219,000 0 Common stock 300,000 300,000 Retained earnings 386,535 347,035 Total liabilities and shareholders' equity $ 1,068,675 $ 942,705 Additional information for 2024: (1) Sold available-for-sale debt securities costing $79,000 for $85,400. (2) Equipment costing $20,000 with a book value of $6,900 was sold for $8,850. (3) Issued 6% bonds payable at face value, $219,000. (4) Purchased new equipment for $164,000 cash. (5)…Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). 3M Company Balance Sheets (partial) 2022 2021 Current assets Cash and cash equivalents $3,044 $1,887 Accounts receivable, net 3,100 3,040 Inventories 2,687 3,022 Other current assets 1.894 1,526 Total current assets $10,725 $9.475 Current liabilities $ 4,988 $5,893 (a) Calculate the current ratio and working capital for 3M for 2021 and 2022. (Round current ratio to 2 decimal places, eg 125:1) Current ratio 2021 2.15 :1 2022 1.60 :1 Working capital 2021 %24 5737 million 2022 %24 3582 million
- Indigo Company has been operating for several years, and on December 31, 2025, presented the following balance sheet. Cash Receivables Inventory Plant assets (net) (a) Current ratio (b) (c) (d) INDIGO COMPANY Balance Sheet December 31, 2025 $40,800 Accounts payable 74,700 Mortgage payable The net income for 2025 was $24,828. Assume that total assets are the same in 2024 and 2025. Compute each of the following ratios. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) Acid-test ratio 88,900 209,400 $413,800 Debt to assets ratio Common stock ($1 par) Retained earnings Return on assets % $70,000 126,555 164,500 52,745 % $413,800Presented here are the comparative balance sheets of Hames Incorporated at December 31, 2023 and 2022. Sales for the year ended December 31, 2023, totaled $500,000. Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other accrued liabilities Total current liabilities Long-term debt Total liabilities Stockholders' Equity Common stock, no par, 100,eee shares authorized 40,000 and 25,000 shares issued, respectively Retained earnings: Beginning balance Net income for the year Dividends for the year Ending balance Total stockholders' equity Total liabilities and stockholders' equity HAMES INCORPORATED Balance Sheets December 31, 2023 and 2022 Note: Round your answer to 1 decimal place. c. Calculate working capital at December 31, 2023. d. Calculate the current ratio at December 31, 2023. Note: Round your answer to 2 decimal places. e. Calculate the…Below is the financial information for AXZ Corporation for fiscal year-ending June 30, 2020. (Amounts in millions $s) Cash flows from operations $2,908.3 Total revenues 14,892.2 Shareholders’ equity 4,482.3 Cash flows from financing (110.0) Total liabilities 7,034.4 Cash, ending year 2,575.7 Expenses 14,883.4 Noncash assets 8,941.0 Cash flows from investing (1,411.2) Net earnings 8.8 Cash, beginning year 1,188.6 Required: Using the information above, prepare the company’s: Balance sheet as of June 30, 2020. Income Statement for the fiscal year ended June 30, 2020. Cash Flow Statement for the fiscal year ending June 30, 2020.