Question: can you please answer in order ans make it simple. thank you! The accounting records of Arroya Foods, Inc., include the following items at December







The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018 EL (Click the icon to view the accounting records.) Read the requirements. Requirement 1. Show how each relevant item would be reported on the Arroya Foods classified balance sheet. Include headings and totals for Select the labels and then enter the amounts to complete the classified balance sheet. You will need to determine the total current assets value notos payable, and pay. = payable.) Arroya Foods, Inc. Partial Balance Sheet December 31, 2018 Assets Liabilities Choose from any list or enter any number in the input fields and then continue to the next question. X Requirements bil 1. Show how each relevant item would be reported on the Arroya Foods classified balance sheet. Include headings and totals for current liabilities and long-term liabilities. 2. Answer the following questions about Arroya Food's financial position at December 31, 2018: a. What is the carrying amount of the bonds payable (combine the current and long-term amounts)? b. Why is the interest-payable amount so much less than the amount of interest expense? 3. How many times did Arroya Foods cover its interest expense during 2018? 4. Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the company. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this problem. Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and outstanding. What other information would be helpful in making your evaluation? 5. Independent of your answer to (4), assume that Footnote 8 of the financial statements includes commitments for long-term operating leases over the next 15 years in the amount of $3,600,000. If the company had to capitalize these leases in 2018. how would it change the leverage ratio and the debt ratio? How would this impact your assessment of the company's health from a leverage point of view? Print Done Data Table Total assets. $ 5,500,000 tel $ 165,000 Mortgage note payable, current portion Leases payable (long-term) Bonds payable, long-term Mortgage note payable long-term Bonds payable, current portion Interest expense 92,000 Accumulated depreciation, 470,000 equipment 275,000 Discount on bonds payable (all long-term) 316,000 Operating income 75,000 Equipment 223,000 Long-term investments (market value) Interest payable 24,000 396,000 784,000 415,000 75,000 Print Done The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018: (Click the icon to view the accounting records.) Read the requirements. Assets Llabilities Less Less The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018 (Click the icon to view the accounting records) Read the requirements. Requirement 2. Answer the following questions about Arroya Foods financial position at December 31, 2018: a. What is the carrying amount of the bonds payable (combine the current and long-term accounts)? $ b. Why is the interest payable amount so much less than the amount of interest expense? Interest payable is the Interest expense is the Requirement 3. How many times did Arroya Foods cover its interest expense during 2018? (Round your answer to two decimal places.) Arroya covered its interest expense times Requirement 4. Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the ratios in this problem. Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and Begin by computing the leverage ratio. Select the formula for the leverage ratio. Then complete the formula and calculate the leverage ratio (Round Leverage ratio The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018: (Click the icon to view the accounting records) Read the requirements Requirement 3. How many times did Arroya Foods cover its interest expense during 2018? (Round your answer to two decimal places) Arroya covered its interest expense times. Requirement 4. Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the company OM year and figures in plu ratios in this problem, Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and outstanding. What the information Begin by computing the leverage ratio. Select the formula for the leverage ratio. Then complete the formula and calculate the leverage ratio (Round your answer to two decimal praces Leverage ratio Now, select the formula for the debt ratio. Then complete the formula and calculate the debt ratio (Round your answer to two decimal places 1 Debt ratio Evaluate the health of the company from a leverage point of view. What other information would be helpful in making your evaluation? (Round the ratio to two decimal places times and operating income covers interest payments by The company's debt ratio and leverage ratios are The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018 (Click the icon to view the accounting records) Read the regulaments Evaluate the health of the company from a leverage point of view. What other information would be helpful in making your evaluation? (Round the ratio to two decen poco The company's debt ratio and leverage ratios are and operating income covers interest payments by times With this limited Information, the company appears to be risk from a leverage point of view. would also be helpful Requirements. Independent of your answer to (4), assume that Footnote of the financial statements includes commitments for operating teases over the next 16 years in the amount of 33 in 2018, how would it change the leverage ratio and the debt ratio? How would this impact your assessment of the company's health from a leverage point of view Select the formula and compute the leverage ratio assuming that the company had to capitale leases amounting to $3,600.000. Round your answer to two decimal places Leverage ratio Select the formula and compute the debt ratio assuming that the company had to capitalize leases amounting to $3,600,000. (Round your answer to two deca place Debt ratio mber in the input fields and then continue to the next question The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018: (Click the icon to view the accounting records.) Read the requirements. wwwwwwwwwwww With this limited information, the company appears to be risk from a leverage point of view. would also be helpful worry Wooruyor Requirements. Independent of your answer to (4) assume that Footnote 8 of the financial statements includes commitments for operating save the naut 18 years in in 2018. how would it change the leverage ratio and the debt ratio? How would this impact your assessment of the company's health from a leverage point of view? Select the formula and compute the leverage ratio assuming that the company had to capitalize lenses amounting to $3,000,000. Round your answer to two decimal places Leverage ratio Select the formula and compute the debt ratio assuming that the company had to capitalize leases amounting to $3,600,000 Round your awer to two decimal places) Debt ratio 1 How would this change impact your assessment of the company's health from a leverage point of view from a leverage point of view The company would The leverage ratio and debt ratio would mber in the input fields and then continue to the next question The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018 EL (Click the icon to view the accounting records.) Read the requirements. Requirement 1. Show how each relevant item would be reported on the Arroya Foods classified balance sheet. Include headings and totals for Select the labels and then enter the amounts to complete the classified balance sheet. You will need to determine the total current assets value notos payable, and pay. = payable.) Arroya Foods, Inc. Partial Balance Sheet December 31, 2018 Assets Liabilities Choose from any list or enter any number in the input fields and then continue to the next question. X Requirements bil 1. Show how each relevant item would be reported on the Arroya Foods classified balance sheet. Include headings and totals for current liabilities and long-term liabilities. 2. Answer the following questions about Arroya Food's financial position at December 31, 2018: a. What is the carrying amount of the bonds payable (combine the current and long-term amounts)? b. Why is the interest-payable amount so much less than the amount of interest expense? 3. How many times did Arroya Foods cover its interest expense during 2018? 4. Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the company. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this problem. Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and outstanding. What other information would be helpful in making your evaluation? 5. Independent of your answer to (4), assume that Footnote 8 of the financial statements includes commitments for long-term operating leases over the next 15 years in the amount of $3,600,000. If the company had to capitalize these leases in 2018. how would it change the leverage ratio and the debt ratio? How would this impact your assessment of the company's health from a leverage point of view? Print Done Data Table Total assets. $ 5,500,000 tel $ 165,000 Mortgage note payable, current portion Leases payable (long-term) Bonds payable, long-term Mortgage note payable long-term Bonds payable, current portion Interest expense 92,000 Accumulated depreciation, 470,000 equipment 275,000 Discount on bonds payable (all long-term) 316,000 Operating income 75,000 Equipment 223,000 Long-term investments (market value) Interest payable 24,000 396,000 784,000 415,000 75,000 Print Done The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018: (Click the icon to view the accounting records.) Read the requirements. Assets Llabilities Less Less The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018 (Click the icon to view the accounting records) Read the requirements. Requirement 2. Answer the following questions about Arroya Foods financial position at December 31, 2018: a. What is the carrying amount of the bonds payable (combine the current and long-term accounts)? $ b. Why is the interest payable amount so much less than the amount of interest expense? Interest payable is the Interest expense is the Requirement 3. How many times did Arroya Foods cover its interest expense during 2018? (Round your answer to two decimal places.) Arroya covered its interest expense times Requirement 4. Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the ratios in this problem. Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and Begin by computing the leverage ratio. Select the formula for the leverage ratio. Then complete the formula and calculate the leverage ratio (Round Leverage ratio The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018: (Click the icon to view the accounting records) Read the requirements Requirement 3. How many times did Arroya Foods cover its interest expense during 2018? (Round your answer to two decimal places) Arroya covered its interest expense times. Requirement 4. Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the company OM year and figures in plu ratios in this problem, Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and outstanding. What the information Begin by computing the leverage ratio. Select the formula for the leverage ratio. Then complete the formula and calculate the leverage ratio (Round your answer to two decimal praces Leverage ratio Now, select the formula for the debt ratio. Then complete the formula and calculate the debt ratio (Round your answer to two decimal places 1 Debt ratio Evaluate the health of the company from a leverage point of view. What other information would be helpful in making your evaluation? (Round the ratio to two decimal places times and operating income covers interest payments by The company's debt ratio and leverage ratios are The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018 (Click the icon to view the accounting records) Read the regulaments Evaluate the health of the company from a leverage point of view. What other information would be helpful in making your evaluation? (Round the ratio to two decen poco The company's debt ratio and leverage ratios are and operating income covers interest payments by times With this limited Information, the company appears to be risk from a leverage point of view. would also be helpful Requirements. Independent of your answer to (4), assume that Footnote of the financial statements includes commitments for operating teases over the next 16 years in the amount of 33 in 2018, how would it change the leverage ratio and the debt ratio? How would this impact your assessment of the company's health from a leverage point of view Select the formula and compute the leverage ratio assuming that the company had to capitale leases amounting to $3,600.000. Round your answer to two decimal places Leverage ratio Select the formula and compute the debt ratio assuming that the company had to capitalize leases amounting to $3,600,000. (Round your answer to two deca place Debt ratio mber in the input fields and then continue to the next question The accounting records of Arroya Foods, Inc., include the following items at December 31, 2018: (Click the icon to view the accounting records.) Read the requirements. wwwwwwwwwwww With this limited information, the company appears to be risk from a leverage point of view. would also be helpful worry Wooruyor Requirements. Independent of your answer to (4) assume that Footnote 8 of the financial statements includes commitments for operating save the naut 18 years in in 2018. how would it change the leverage ratio and the debt ratio? How would this impact your assessment of the company's health from a leverage point of view? Select the formula and compute the leverage ratio assuming that the company had to capitalize lenses amounting to $3,000,000. Round your answer to two decimal places Leverage ratio Select the formula and compute the debt ratio assuming that the company had to capitalize leases amounting to $3,600,000 Round your awer to two decimal places) Debt ratio 1 How would this change impact your assessment of the company's health from a leverage point of view from a leverage point of view The company would The leverage ratio and debt ratio would mber in the input fields and then continue to the next
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
