i need help with this Bluebird Products, Inc.Trial Balance (Partial)For the Year Ended December 31AccountDebitCreditCost of Goods Sold$750,000Selling Expenses20,000Office Supplies Expense123,500Amortization Expense34,500Sales Salaries Expense55,000Advertising Expense68,900Office Salaries Expense78,500Depreciation Expense68,000Accounting and Legal Fees10,425Systems Consulting Fees44,550Interest Expense23,750Loss on Asset Impairment12,350Loss on Sale of Discontinued Operations before Tax90,000Bluebird issued $345,000 of no-par common stock on June 30 of the current year. The company is subjectto a 40% income tax rate. The beginning balance in common stock was $1,456,000.Prepare a statement of stockholders' equity for the year ended December 31. Note: You will need to solvefor net income using the given information. E5-11. Prepare a Statement of Stockholders’ Equity. Bluebird Products, Inc. provided the following informationfrom its current-year trial balance.Bluebird Products, Inc.Trial Balance (Partial)For the Year Ended December 31AccountDebitCreditRetained Earnings, Beginning Balance$3,200,950Accumulated Other Comprehensive Income, Beginning Balance95,675Dividends$76,500Sales2,200,000Interest Income34,500Dividend Income12,300Gain on DisposalPlant Assets100,500Unrealized Gain on Trading Investments86,000Unrealized Gain on Available-for-Sale Bonds before Tax45,600Gain due to Flood Damage before Tax109,000

Income statement is the part of financial statements of a firm which need to be published for each…

Answered: Prepare a Statement of Stockholders’…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.6E

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E5-10. Prepare Statement of Stockholders' Equity. Ciara's Cookie Company provided the following account balances from its year-end trial balance. Ciara's Cookie Company Trial Balance (Selected Accounts) For the Current Year Ended December 31 Account Debit Credit Retained Earnings, Beginning Balance $1,200,950 $ 55,675 Accumulated Other Comprehensive Income, Beginning Balance Dividends 57,000 Sales 1,200,895 Interest Income 3,400 Dividend Income 3,250 Gain on Sale of Property 6,789 Gain on Disposal of Plant Assets 76,000 Unrealized Gain on Trading Investments 27,250 Unrealized Gain on Available-for-Sale Bonds before Tax 3,500 Gain on Sale of Discontinued Operations before Tax 56,780 Cost of Goods Sold 450,000 Selling Expenses 37,450 Office Supplies Expense 54,800 Amortization Expense 12,000 Sales Salaries Expense 23,500 Advertising Expense 21,500 Office Salaries Expense 65,000 Depreciation Expense 25,500 Legal Fees 8,000 Accounting Fees 10,425 Interest Expense 6,700 Loss on Asset…
The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 Total assets Notes payable (8% interest) Common stock Preferred 5% stock, $100 par (no change during year) Retained earnings 20Y7 $209,000 70,000 28,000 14,000 Return on total assets debt. 20Y6 72,140 The 20Y7 net income was $20,790, and the 20Y6 net income was $10,750. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. 20Y7 $188,000 70,000 28,000 14,000 0.25 52,050 a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 20Y6 and 20Y7. Round percentages to one decimal place. Return on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that the company's profitability has X % % 20Y5 % $167,000 70,000 28,000 14,000 42,000 the return on…
Please answer Requirement 4,5,6,7,8,9,10 Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $50,900; total assets, $199,400; common stock, $81,000; and retained earnings, $48,724.) CABOT CORPORATION Balance Sheet December 31 of current year Liabilities and Equity Assets Cash $ 16,000 Accounts payable 8,200 Accrued wages payable 30, 600 Income taxes payable 40,150 Long-term note payable, secured by mortgage on plant assets 3,050 Common stock 153, 300 Retained earnings 6 251,300 Total liabilities and equity : 18,500 4,400 3,000 63,400 81,000 81,000 6 251, 300 Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total asseta CABOT CORPORATION Income Statement Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tax expense For Current Year Ended Decenber 31 $…
The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel common stock was $119.70 on December 31, 20Y2. Please see the attachment for details: InstructionsDetermine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts:1. Working capital2. Current ratio3. Quick ratio4. Accounts receivable turnover5. Number of days’ sales in receivables6. Inventory turnover7. Number of days’ sales in inventory8. Ratio of fixed assets to long-term liabilities9. Ratio of liabilities to stockholders’ equity10. Times interest earned11. Asset turnover12. Return on total assets13. Return on stockholders’ equity14. Return on common stockholders’ equity15. Earnings per share on common stock16. Price-earnings ratio17. Dividends per share of common stock18. Dividend yield
E9-6 Current Position Analysis Obj. 3 .................. The following data were taken from the comparative balance sheet of Icon Living, Inc., for the years ended December 31, 20Y9 and December 31, 20Y8: Cash Temporary investments Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Accounts payable Accrued liabilities Total current liabilities ▸ Details Dec. 31, 20Y9 $ 75,000 125,000 250,000 425,000 25,000 $ 900,000 $ 350,000 25,000 $ 375,000 Dec. 31, 2018 $ 50,000 75,000 200,000 305,000 20,000 $ 650,000 $ 230,000 20,000 $ 250,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. b. What conclusions can be drawn from these data?
Refer to the financial statements of Mixon Company in Exercises 1–3 and 1–5. The following additional information about the company is known: Please see attached images Commonstockmarketprice,December31,2006 ...... $15.00 Common stock market price, December 31, 2005 . . . . . . 14.00 Annualcashdividendspersharein2006 ............ 0.60 Annualcashdividendspersharein2005 ............ 0.30 To help evaluate the profitability of the company, compute the following for 2006 and 2005: (a) return on common stockholders’ equity, (b) price-earnings ratio on December 31, and (c) divi- dend yield.
Question: Based on the Adjusted Trial Balance and Additional Info shown below, what is the ending balance as of 12/31 for the Retained Earnings column as shown on the Statement of Stockholders' Equity you prepared on your scratch paper? Adjusted Trial Balance As of 12/31/20OXX Account Balance Accounts Cash $25,126 Accounts Receivable 24,500 Allowance for Uncollectible 3,504 Accounts Inventory Accounts Payable 35,000 10,144 Common Stock 40,198 Retained Earnings Dividends 15,172 5,000 Revenue 75,000 Sales Discounts 1,500 40,000 5,000 Cost of Goods Sold Salaries Expense Interest Expense 4,000 Income Tax Expense 3.000 Question:Based on the Adiusted Trial Balance and Additional Info shown helow what is ch ASUS f3 f4 f5 f6 f9 f10 f11 f7 f8 ロ/東因

Examine the following selected financial information for Best Value Corporation and Modern Stores, Inc., as of the end of their fiscal years ending in 2018: Data table (In millions) Best Value Corporation Modern Stores, Inc. 1. Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . $15,256 $203,110 2. Total common stockholders' equity. . . . . $3,075 $71,460 3. Operating income. . . . . . . . . . . . . . . . . . . . $1,350 $26,820 4. Interest expense. . . . . . . . . . . . . . . . . . . . . . $88 $2,020 5. Leverage ratio. . . . . . . . . . . . . . . . . . . . . . . . 6. Total debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7. Debt ratio. . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. Times interest earned. . . . . . . . . . . . . . . . . Requirements…
The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 December 31 December 31 20Y7 20Y6 20Y5 $299,000 110,000 44,000 Total assets Notes payable (8% interest) Common stock Preferred 3% stock, $100 par (no change during year) Retained earnings $332,000 110,000 44,000 22,000 22,000 127,720 66,000 The 2017 net income was $45,790, and the 20Y6 net income was $17,250. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. 22,000 82,590 Return on total assets Return on stockholders' equity Return on common stockholders' equity a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 20Y6 and 20Y7. When required, round your answers to one decimal place. 20Y7 % $266,000 110,000 44,000 % 30.3% 20Y6 % % % FUSTA
Income statement, retained earnings statement, and balance sheet The following financial data were adapted from a recent annual report of Ta get Corporation (TGT) for the year ending January 31. Instructions Prepare Target’s statement of stockholders’ equity for the year ending January 31. Use the following additional information for the year:
Statement of stockholders equity; net loss Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 20Y5, are as follows: Prepare a statement of stockholders equity for the year.
The income statement, statement of retained earnings, and balance sheet for Somerville Company are as follows: Includes both state and federal taxes. Brief Exercise 15-20 Calculating the Average Common Stockholders Equity and the Return on Stockholders Equity Refer to the information for Somerville Company on the previous pages. Required: Note: Round answers to four decimal places. 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.

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