ScanOptics began 2023 with $6,441,463 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 ($3,674,887) Common Stock $1,104,727 $1,280,627 Accounts Receivable Long Term Debt $1,199,632 $2,007,441 ($2,832,737)
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- Sheridan Company has been operating for several years, and on December 31, 2025, presented the following balance sheet. Cash Receivables Inventory Plant assets (net) (a) (b) (c) (d) Current ratio Acid-test ratio SHERIDAN COMPANY Balance Sheet December 31, 2025 $40,600 Accounts payable 77,900 Mortgage payable 99,000 203,500 $421,000 The net income for 2025 was $23,155. 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%.) Debt to assets ratio Return on assets Common stock ($1 par) Retained earnings % $75,000 % 114,450 142,500 89,050 $421,000Indigo 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 % $413,8001. PIOLO Corporation had the following account balances for 2020: 31-Dec 67,200 24,600 Accounts Payable Prepaid Rent Expense Accounts Receivable (net) 1-Jan 58,200 37,200 66,600 84,000 PIOLO's 2020 profit is P450,000. What amount should PIOLO include as net cash provided by operating activities in its 2002 statement of cash flows? a. 436,200 b. 445,200 c. 453,600 d. 454,200 2. PIOLO Company's 2020 income statement reported cost of goods sold as P135,000. Additional information is as follows: 31-Dec-20 31-Dec-19 Inventory Accounts Payable 30,000 13,000 22,500 19,500 If PIOLO uses the direct method, what amount should PIOLO report as cash paid to suppliers in its 2020 statement of cash flows? a. 121,000 b. 134,000 с. 136,000 d. 149,000 Use the following for the next three questions: PIOLO Company uses the direct method to prepare its statement of cash flows. The company had the following cash flows during 2020: Cash receipts from the issuance of ordinary shares Cash receipts from…
- The balance sheet data of Pina Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $30,100 $35,100 Accounts receivable (net) 55,000 44,900 Inventory 64,600 45,100 Prepaid expenses 15,000 24,700 Equipment 90,200 74,500 Accumulated depreciation—equipment (18,040 ) (8,000 ) Land 70,200 39,800 $307,060 $256,100 Accounts payable $64,600 $52,500 Accrued expenses 14,800 17,900 Notes payable—bank, long-term –0– 22,900 Bonds payable 30,300 –0– Common stock, $10 par 190,400 160,000 Retained earnings 6,960 2,800 $307,060 $256,100 Land was acquired for $30,400 in exchange for common stock, par $30,400, during the year; all equipment purchased was for cash. Equipment costing $13,200 was sold for $3,100; book value of the equipment was…Rebecky's Flowers 4U, Incorporated, had free cash flows during 2024 of $54 million, NOPAT of $98 million, and depreciation of $22 million. Using this information, fill in the blanks on Rebecky's balance sheet below. Note: Enter your answers in millions of dollars. (i.e., Enter 10,000,000 as 10.) Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Assets Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets 2024 $ $ $ $ $ $ REBECKY'S FLOWERS 4U, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 35 $ 94 143 272 $ 2023 540 $ 72 468 $ 90 558 $ 830 $ Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt 490 Stockholders' equity 32 84 124 240 Preferred stock (5 million shares) Common stock and paid-in surplus (40 million shares) 50 440 90 Retained earnings 530 Total 770 Total…The XYZ Company had the following income statement on 31.12.2020 Deprecation 10000 Net income 150000 OMR The following accounts decreased during 2020: Accounts receivable 22000 inventory 15000 OMR, Rent payable 19000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 14000 Accounts Payable 13000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities Select one: O a. 149000 OMR O b. 145000 OMR c. 177000 OMR O d. NONE OF THESE Clear my choice
- The XYZ Company had the following income statement on 31.12.2020 Deprecation 5000 Net income 110000 OMR The following accounts decreased during 2020: Accounts receivable 24000 inventory 18000 OMR, Rent payable 15000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 14000 Accounts Payable 8000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities Select one: a. 149000 OMR b. 145000 OMR c. NONE OF THESE d. 136000 OMR28. The balance sheet data of Sweet Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash $30,100 $35,100 Accounts receivable (net) 55,000 44,900 Inventory 64,600 45,100 Prepaid expenses 15,000 24,700 Equipment 90,200 74,500 Accumulated depreciation—equipment (18,040 ) (8,000 ) Land 70,200 39,800 $307,060 $256,100 Accounts payable $64,600 $52,500 Accrued expenses 14,800 17,900 Notes payable—bank, long-term –0– 22,900 Bonds payable 30,300 –0– Common stock, $10 par 190,400 160,000 Retained earnings 6,960 2,800 $307,060 $256,100 Land was acquired for $30,400 in exchange for common stock, par $30,400, during the year; all equipment purchased was for cash. Equipment costing $13,200 was sold for $3,100; book value of the equipment was…Khareef Salalah Company reported the following information for the year 2020: Net income RO 24,600; Payment on non-current notes payable RO 30,000; Depreciation expense RO 24,000; Gain on sale of building RO 15,0003; Increase in inventory RO 4,100%; Increase in accounts payable RO 12,300. Based on the above information what will be the net cash flow provided (used) by operating activities? O a. None of the options are correct. O b. RO 11,800. Oc. RO 80,000. O d. RO 41,800. O e. RO 50,000. CLEAR MY CHOICE
- The XYZ Company had the following income statement on 31.12.2020 Deprecation 10000 Net income 150000 OMR The following accounts decreased during 2020: Accounts receivable 22000 inventory 15000 OMR, Rent payable 19000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 14000 Accounts Payable 13000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities Select one: a. 145000 OMR Ob. 149000 OMR Oc. 177000 OMR Od. NONE OF THESEBannister Company reported operating expenses of $375,000 for 2020. The following data were extracted from the company's financial records: 12/31/19 12/31/20 $ 60,000 $ 69,000 Prepaid Expenses Accrued Expenses 210,000 255,000 On a statement of cash flows for 2020, using the direct method, cash payments for operating expenses should be O a. $339,000 O b. $321,000 O C. $411,000 O d. $429,000The XYZ Company had the following income statement on 31.12.2020 Deprecation 12000 Net income 85000 OMR The following accounts decreased during 2020: Accounts receivable 18000 inventory 22000 OMR, Rent payable 6000, Machinery 15000 OMR The following accounts increased during 2020 Notes receivable 12000 Accounts Payable 11000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities Select one. a. 130000 OMR b. 149000 OMR C. 145000 OMR d. NONE OF THESE