Bishop, Inc., has current assets of $5,700, net fixed assets of $27,000, current liabilities of $4,400, and long-term debt of $12,900. What is the value of the shareholders’ equity account for this firm? How much is net working capital?
Answer to relevant QuestionsBuilding an Income Statement Travis, Inc., has sales of $387,000, costs of $175,000, depreciation expense of $40,000, interest expense of $21,000, and a tax rate of 35 percent. What is the net income for the firm? Suppose ...The following table presents the long-term liabilities and stockholders’ equity of Information Control Corp. one year ago: Long-term debt ............ $ 65,000,000Preferred stock ............ 4,000,000Common stock ($1 ...Schwert Corp. shows the following information on its 2012 income statement: sales = $185,000; costs = $98,000; other expenses = $6,700; depreciation expense = $16,500; interest expense = $9,000; taxes = $19,180; dividends = ...For 2012, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.Use the following information for Ingersoll, Inc., for (assume the tax rate is 34percent):Y3K, Inc., has sales of $ 2,700, total assets of $ 1,310, and a debt– equity ratio of 1.20. If its return on equity is 15 percent, what is its net income?
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