Question
really need help with as many of these as your willing to either way ill give u thumbs up
Dunvery, Inc. has total assets of $3,425,800 of which $1,286,350 are current assets. Cash makes up 18 percent of the current assets and accounts receivable makes up another 36 percent of current assets. Quick Delivery's gross plant and equipment has an original cost of $2,469,300 and other long-term assets have a cost value of $426,500. What is the balance of depreciation on Quick Delivery's balance sheet? 17. Fragrant Flowers has current liabilities of $203,450 Cash makes up 16 percent of the current assets and accounts receivable equals $75,682. If Fragrant Flowers has net working capital of $82.750, what is the amount of inventory? 18. From the 2017 balance sheet for Classic Caps, Inc. you find the following balances: $67,560, Cash and marketable securities $83,125, Accounts payable $ $187 475, Accounts 124,315, Inventory $228,250, short-term notes payable $145,750, Long-term Notes payable $475,000 and stockholder's equity $725,800. What is the amount of net working capital for Classic Caps? n 2017, Tampa Tanks, Inc. had cash flows from investing activities of negative $325,000 and cash flows from financing activities of n beginning of 2017 and $247,865 at the end of the year. What was the firm's cash flow from operations for 2017? 19. I egative $485,000. The balance in the firm's cash account was $268,390 at the 20. Amazing Gadgets, Inc. originally forecasted the following financial data for next year. Sales $874,000, Cost of goods sold = $589,950, operating expense and depreciation = $125,675 and interest expense-$39,875. The firm believes that COGS will always be 67.5% of sales. Suppose the firm wants to achieve a net income of $112,500. Assuming the operating costs, depreciation, and interest expense will remain the same, how large must sales be to achieve this goal? Assume a 28.0% tax rate. 21. The current balance sheet for Clean Soils, Inc. lists net fixed assets as $736,000. The fixed assets could currently be sold for $924,000. The balance sheet shows current liabilities of $328,575 and net working capital of $143,860. If all the current accounts were liquidated today, the company would receive $218,400 cash after paying all of its current liabilities at book value. How much larger is market value than book value of the firm's assets today?
Explanation / Answer
Net working capital
=
current assets
-
current liabilities
$82,750
current assets
-
$2,03,450
current assets
=
Net working capital
+
current liabilities
$82,750
+
$2,03,450
$2,86,200
$
Accounts receivable
$75,682
cash (16% of CA)
$45,792
Inventory (bal.fig)
$1,64,726
current assets
$2,86,200
18.
$
Accounts receivable
$75,682
cash (16% of CA)
$45,792
Inventory (bal.fig)
$1,64,726
current assets
$2,86,200
19.
$
Cash at the beginning
268390
cash at the end
247865
Net decrease in cash
-20525
cash flows
operating activities(bal fig)
830525
investing activities
-325000
financing activities
-485000
Net decrease in cash
-20525
as per chegg guidelines, only first independent question should be answered when there are more than one independent question
Net working capital
=
current assets
-
current liabilities
$82,750
current assets
-
$2,03,450
current assets
=
Net working capital
+
current liabilities
$82,750
+
$2,03,450
$2,86,200
