The 2024 balance sheet for Hallbrook Industries, Inc., is shown below. The companys 2024 income statement reported
Question:
The 2024 balance sheet for Hallbrook Industries, Inc., is shown below.
The company’s 2024 income statement reported the following amounts ($ in thousands):
Required:
Determine the following ratios for 2024:
1. Current ratio
2. Acid-test ratio
3. Debt to equity ratio
4. Times interest earned ratio
Transcribed Image Text:
HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2024 ($ in thousands) Assets Cash Short-term investments Accounts receivable Inventory Property, plant, and equipment (net) Total assets Current liabilities Long-term liabilities Paid-in capital Retained earnings Total liabilities and shareholders' equity Liabilities and Shareholders' Equity $ 200 150 200 350 1,000 $1,900 $ 400 350 750 400 $1,900
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (10 reviews)
1 Current ratio 200 150 200 350 400 225 2 Ac...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The 2011 balance sheet for Hallbrook Industries, Inc. is shown below. Required: Determine the following ratios for 2011: 1. Current ratio 2. Acid-test ratio 3. Debt to equity ratio 4. Times interest...
-
The Coca-Cola Company and Subsidiaries reported the following amounts in various statements included in its Form 10-K for the year ended December 31, 2013. (All amounts are stated in millions of...
-
The Coca-Cola Company and Subsidiaries reported the following amounts in various statements included in its 2010 annual report. (All amounts are stated in millions of dollars.) Net income for...
-
The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead time for A is three weeks and setup cost is $ 10. There is a carrying cost of $ 0.01 per unit per week. Beginning...
-
Suppose that the demand curve for a particular high-end designer purse in a medium sized city is given by P = 600 0.01Q2 and supply is P = 100 + 0.04Q2, where price is in dollars and quantity is in...
-
Selected comparative financial statements of Cohorn Company follow: Required: a. Compute trend percents for the individual items of both statements using 2000 as the base year. b. Analyze and comment...
-
Find the temperature at which the surface tension of water becomes zero. What is the physical significance of this temperature?
-
Refer to the data in Exercise, regarding Saskatewan Can Company. Prepare journal entries to: Saskatewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen...
-
Write a statement that assigns total_coins with the sum of nickel_count and dime_count. Sample output for 100 nickels and 200 dimes is: 300 Learn how our autograder works 542962 3875132.4x3zqy7 1...
-
Company X-Co has a $10,000,000 gain from exercising stock options. What topic and subtopics would the researcher highlight in the left navigation panel to discover the relevant authority to resolve...
-
Best Buy Co, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended February 1, 2020, are shown next. Liquidity and...
-
What are the three main types of sustainability disclosures? How can those disclosures provide information to shareholders and stakeholders?
-
Solve the equation 48 = 6e 4k for k. Use properties of logarithms and exponentials, not a calculator, for the following exercises.
-
The bulls and cows game is a code-breaking game designed for two or more players. Each player chooses a secret code of 4 digits from 0-9. The digits must be all different. The goal of the game is for...
-
= Given two sets of m vectors, x R" and y; R" for all i = 1,2,...,m, verify that the summations [1xx] and [ xy can be vectorized as the following matrix multiplications: where X = [X1 X2 Your...
-
Using the final decision tree shown below to answer the following questions. $11.24 m $6.75 m Develop electric-powered design Develop gas-powered design Do not develop the product Success $11.24 m...
-
III. IV. Given the figure below. P Pi If (4, B; C, D) = 3, determine the following: (8 points each) 12. (C, D'; B', A') 13. (D', A'; B', C') 15. (B4, D4; A4,C4) A = Use the figure below to answer...
-
In this programming project, you are to use Code 12 to write a game with specific given requirements. There is also room for creativity and adding extras, but most of your grade will be based on...
-
Let X1,..., Xn be a random sample from a population with pdf f(x|) = x-1 , 0 < x < 1, > 0. a. Is Xi sufficient for ? b. Find a complete sufficient statistic for .
-
With your classmates, form small teams of skunkworks. Your task is to identify an innovation that you think would benefit your school, college, or university, and to outline an action plan for...
-
Accountants very often are required to make estimates, and very often those estimates prove incorrect. In what period(s) is the effect of a change in an accounting estimate reported?
-
Accountants very often are required to make estimates, and very often those estimates prove incorrect. In what period(s) is the effect of a change in an accounting estimate reported?
-
Accountants very often are required to make estimates, and very often those estimates prove incorrect. In what period(s) is the effect of a change in an accounting estimate reported?
-
Draw the shear diagram for the beam. Set P = 600 lb, a = 5 ft, b = 7 ft. Draw the moment diagram for the beam.
-
Ahmed, Bassem and Jamal are partners in Tadamon Company who share profits and losses at a ratio of 2 : 2 : 4 respectively. On 1 / 1 / 2 0 2 2 , it was decided to liquidate the company, and the...
-
Draw the shear diagram for the beam. Follow the sign convention. Draw the moment diagram for the beam. Follow the sign convention.
Study smarter with the SolutionInn App