Given the following information for Calvani Pizza Co., calculate the depreciation expense: sales = $52,000; costs = $27,300; addition to retained earnings = $5,300; dividends paid = $1,800; interest expense = $4,900; tax rate = 35 percent.
Answer to relevant QuestionsPrepare a 2011 balance sheet for Cornell Corp. based on the following information: cash = $127,000; patents and copyrights = $630,000; accounts payable = $210,000; accounts receivable = $105,000; tangible net fixed assets = ...Zigs Industries had the following operating results for 2011: sales = $27,360; cost of goods sold = $19,260; depreciation expense = $4,860; interest expense = $2,190; dividends paid = $1,560. At the beginning of the year, ...SDJ, Inc., has net working capital of $2,710, current liabilities of $3,950, and inventory of $3,420. What is the current ratio? What is the quick ratio?Based only on the following information for Shinoda Corp., did cash go up or down? By how much? Classify each event as a source or use of cash.Decrease in inventory........ $430Decrease in accounts payable..... 165Increase ...The Caughlin Company has a long-term debt ratio of .35 and a current ratio of 1.30. Current liabilities are $910, sales are $6,430, profit margin is 9.5 percent, and ROE is 18.5 percent. What is the amount of the firm’s ...
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