A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing each missing line item as a percentage of total assets. 2-a. What percentage of Simultech's total assets relate to inventory? 2-b. What percentage of Simultech's total assets relate to property and equipment? 2-c. Which of these two asset groups is more significant to Simultech's business? 3. What percentage of Simultech's assets is financed by total stockholders' equity? By total liabilities? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 3 Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.) SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) Cash $ 1,333 52 % Current Liabilities $ 889 35 % Accounts Receivable Inventory 254 10 % Long-Term Liabilities 975 38 % 166 6 % Total Liabilities 1,864 Other Current Assets 379 % Common Stock 110 % Property and Equipment 19 1 % Retained Earnings 582 23 % Other Assets 405 16 % Total Stockholders' Equity 692 % Total Assets $ 2,556 100 % Total Liabilities & Stockholders' Equity $ 2,556 100 % Req 1 Req 2A > A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing each missing line item as a percentage of total assets. 2-a. What percentage of Simultech's total assets relate to inventory? 2-b. What percentage of Simultech's total assets relate to property and equipment? 2-c. Which of these two asset groups is more significant to Simultech's business? 3. What percentage of Simultech's assets is financed by total stockholders' equity? By total liabilities? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 2C Req 3 Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.) SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) Cash $ 1,333 52 % Current Liabilities $ 889 35 % Accounts Receivable Inventory 254 10 % Long-Term Liabilities 975 38 % 166 6 % Total Liabilities 1,864 Other Current Assets 379 % Common Stock 110 % Property and Equipment 19 1 % Retained Earnings 582 23 % Other Assets 405 16 % Total Stockholders' Equity 692 % Total Assets $ 2,556 100 % Total Liabilities & Stockholders' Equity $ 2,556 100 % Req 1 Req 2A >
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
To determine whether the bonuses paid by a financial advising company are actually related to annual pay, data were gathered for 100 account executives who received such bonuses in 2020. The summary...
-
The total market value of the equity of Okefenokee Condos is $ 1 2 million, and the total value of its debt is $ 8 million. The treasurer estimates that the beta of the stock currently is 0 . 5 and...
-
I need one or more queries on the basis of database of netflix. I can upload the picture of database Create Index Modify Table Schema Delete Table Print CREATE TABLE Dates ( [PK] INTEGER PRIMARY KEY...
-
Felicia Company acquired 21,000 of the 60,000 shares of outstanding common stock of Nueces Corporation as a long- term investment. The annual accounting period for both companies ends December 31....
-
The U.S. Census Bureau publishes data on housing units in American Housing Survey for the United States. The following table provides a frequency distribution for the number of rooms in U.S. housing...
-
Huge plc acquired a holding of 600,000 of the 800,000 ordinary 1 shares of Large plc on 1 October 2005 when the revenue reserves of Large stood at 320,000. On 1 October 2006, the directors of Medium...
-
A motivational speaker claimed that wearing red on the day of an exam "energizes" the brain and improves performance. Your psychology professor doubts this is true. Design an experiment that would...
-
Selected Stock Transactions Alpha Sounds Corp., an electric guitar retailer, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter authorized 450,000 shares of common stock...
-
Use a software program or a graphing utility with matrix capabilities to find the transition matrix from B to B'. B = {(1, 2, 2), (-1, 2, 0), (2, 4, 0)}, B' = {(0, 2, 1), (-2, 1, 0), (1, 1, 1)}
-
Q2. The angle of elevation to the top C of a building from two points A and B on level ground are 30 and 60 respectively. The distance between points A and B is 20 meters. Points A, B and C are in...
-
The script below is extracted from LucidCharts in SQL Server format. It provides 'Schema Ready' result in SQL Fiddle website.--- CREATETABLE [movie]( [movieID] integer, [moviename] varchar(50),...
-
(a) Find the instantaneous rate of change (IROC) of W (d) when DDX has tracked downloads for 48 days, then complete the sentence to interpret the value. downloads per day The IROC is days after...
-
[1 3 2 Q4. If A2 0-1 then show that 43-442-34+11=0 2 3
-
3. Many people enjoy eating salmon. The King Salmon, Alaska's state fish, can weigh 14kg (more than 30 pounds). A typical salmon steak weighs 120g. If a person eats a serving of salmon that fed on...
-
6. [2.59/7.69 Points] DETAILS PREVIOUS ANSWERS BBUNDERSTAT12 6.5.011.S. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER = 25 and = 23. Suppose x has a distribution with (a) If a random sample of size n =...
-
Prove the formula for (d/dx)(cos-1x) by the same method as for (d/dx)(sin-1x).
-
Indicate the method of buying (description, inspection, sampling, or negotiation) an organization would be most likely to use when purchasing each of the following items. Defend your selections. a. A...
-
Identify organizations in your area that fit each business market category: producer, reseller, government, and institutional. Explain your classifications.
-
Barajas Printing Corp. uses a job order cost system. The following data summa- Prepare entries for manufacrize the operations related to the first quarter's production. turing costs. (SO 2, 3, 4. 5)...
Study smarter with the SolutionInn App