acc291 13-5, 14-5

Project Description:

e13-5

the current sections of bellinham inc.'s balance sheets at december 31, 2010 and 2011, are presented here.
bellinham's net income for 2011 was $153,000. depreciation expense was $24,000.

2011 2010
current assets
cash $105,000 $99,000
accounts receivable 110,000 89,000
inventory 158,000 172,000
prepaid expenses 27,000 22,000
total current assets $400,000 $382,000

current liabilities
accrued expenses payable $15,000 $5,000
accounts payable 85,000 92,000
total current liabilities $100,000 $97,000
prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended december 31, 2011, using the indirect method. (list amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1. if amount decreases cash flow, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
bellingham inc.
partial statement of cash flows
for the year ended december 31, 2011
cash flows from operating activities

$

adjustments to reconcile net income
to net cash provided by operating activities

$

















net cash provided by operating activities $

click if you would like to show work for this question: open show work




link to text


e14-5

nordstrom, inc. operates department stores in numerous states. selected financial statement data for the year ending january 31, 2009, are as follows.
nordstrom, inc.
balance sheet (partial)
(in millions) end-of-year beginning-of-year
cash and cash equivalents $ 72 $ 358
account receivables (net) 1,942 1,788
merchandise inventory 900 956
prepaid expenses 93 78
other current assets 210 181
total current assets $3,217 $3,361
total current liabilities $1,601 $1,635
for the year, net credit sales were $8,272, and cost of goods sold was $5,417 (in millions).





compute the four liquidity ratios at the end of the year. (round current and acid test ratios to 2 decimal places, e.g. 5.25. round answers for receivables turnover and inventory turnover to 1 decimal place, e.g. 2.5.)
current ratio :1

acid-test ratio :1

receivables turnover times

inventory turnover times







using the data in the chapter, compare nordstrom's liquidity with (1) that of j.c. penney company, and (2) the industry averages for department stores. (round current and acid test ratios to 2 decimal places, e.g. 5.25. round answers for receivables turnover and inventory turnover to 1 decimal place, e.g. 2.5.)
ratio nordstrom j. c. penney industry
current :1
2.02 :1 1.06 :1
acid-test :1
0.87 :1 0.29 :1
receivables turnover times
57.0 times 28.2 times
inventory turnover times
3.5 times 7.0 times
nordstrom is slightly j.c. penney for the current ratios and significantly j.c. penney for the receivables turnover. nordstrom is than j.c. penney for acid-test and inventory turnover ratios.
nordstrom is than the industry average for the current and acid test ratios but the industry average for the receivables turnover and inventory turnover ratios.
Skills Required:
Project Stats:

Price Type: Negotiable

Completed
Total Proposals: 2
1 Current viewersl
36 Total views
Project posted by:

Proposals

Proposals Reputation Price offered