ACC 100 Study Guide - Final Guide: Office Supplies, Stock Trader, Accounts Receivable
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Use the balance sheets of Sando shown below to calculate thefollowing ratios for 2013 (round to the hundredths):
(a) Current ratio
(b) Acid-test ratio
(c) Debt to Equity ratio
SANDO COMPANY Balance Sheets December 31, 2013 | |
Assets: | |
Cash | $ 43,000 |
Accounts receivable | 38,000 |
Merchandise inventory | 61,000 |
Prepaid insurance | 6,000 |
Long-term investments | 49,000 |
Plant assets (net) | 218,000 |
Total assets | $415,000 |
Liabilities and Equity: | |
Current liabilities | $ 62,000 |
Long-term liabilities | 45,000 |
Common stock | 150,000 |
Retained earnings | 158,000 |
Total liabilities and equity | $415,000 |
1- A) Find net fixed assets ANS: 99586
B) invested capital ANS: 58311
QUESTION:
Cash & Equivalents | 31499 |
Short Term Investments | 11044 |
Cash & Equivs & ST Investments | 42543 |
Receivables (ST) | - |
Inventories | 10271 |
Current Tax Assets | - |
Other Current Assets | 0 |
Total Current Assets | 52814 |
Gross Property Plant & Equip | - |
Accumulated Depreciation | - |
Net Property Plant & Equip | 40707 |
Receivables (LT) | 114497 |
Assets Held for Sale (LT) | - |
Long Term Investments | 2579 |
Intangible Assets | 5945 |
Deferred LT Assets | 5881 |
Discontinued Ops (LT Asset) | - |
Other Assets | 47053 |
Total Assets | 269476 |
Accounts Payable & Accrued Exps | 23036 |
Accounts Payable | - |
Accrued Expenses | 23036 |
Current Debt | 59904 |
Other Current Liabilities | 28510 |
Total Current Liabilities | 111450 |
LT Debt & Leases | 94428 |
Pensions & OPEB | 24934 |
Discontinued Ops (LT Liab) | - |
Deferred LT Liabilities | 7405 |
Minority Interests | 1122 |
Other Liabilities | 17180 |
Total Liabilities | 256519 |
Temporary Equity | - |
Common Share Capital | 19 |
Additional Paid-In Capital | 4872 |
Retained Earnings | 12461 |
Accum Other Comprehensive Income | -3562 |
Treasury Stock | 833 |
For Curr Trans (BS) | - |
Other Equity | 0 |
Total Equity | 12957 |
Total Liabilities & Equity | 269476 |