Working Capital: Current Assets - Current Liabilities Current Ratio: Current Assets Current Liabilities Quick Ratio: Liquidity...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Working Capital: Current Assets - Current Liabilities Current Ratio: Current Assets Current Liabilities Quick Ratio: Liquidity Cash + Short-term Investments + Accounts Receivable Current Liabilities Receivable Turnover: Credit Sales Accounts Receivable Average Collection Period: 365 Receivable Turnover Inventory Turnover: Cost of Goods Sold Inventory Days in Inventory: 365 Inventory Turnover Revenue Sales Revenue. Rent Revenue Interest Revenue Other Revenues Total revenues Operating expenses Cost of Goods sold FOR THE YEAR ENDED DECEMBER 31, 2022 CANADIAN DOLLARS (millions of dollars) Wages expense Salary expense Benefit expense Research and development expense ROOT LTD. INCOME STATEMENT Repairs and maintenance expense Sales and distribution costs expense Depreciation expense - equipment Depreciation expense - vehicles Depreciation expense - furniture Depreciation expense - office building Insurance expense Property taxes expense Food and beverage expense Supplies expense Interest expense Information technology expense Advertising expense Total operating expenses Profit before income tax Income Tax expense Profit . Denotes all of these sales were made on credit $ 1,182 516 129 98 302 290 169 110 46 96 184 24 NGU 7 45 191 36 25 15 259 28 $ 1,925 1,812 113 85 ASSETS Current assets Cash ROOT LTD. STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2022 CANADIAN DOLLARS (millions of dollars) Short-term investments Accounts receivable Inventory Spare parts and supplies inventory Prepaid Maintenance Prepaid expenses Total current assets Investments Property plant, and equipment Land Office Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Vehicles Less: Accumulated depreciation Furniture Less: Accumulated depreciation Total property, plant and equipment Intangible assets Trademark Patent Total intangible assets Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts payable Accrued liabilities Unearned Revenue Current portion of bank loan and mortgage payable Income Tax payable Total Current Liabilities Non-current liabilities Bank loan payable Mortgage Payable Bond payable Total Non-current liabilities Total Liabilities Shareholders' Equity Preferred Shares" Common Shares $ 2,822 335 2,304 588 690 148 158 30 Retained Earning Total Shareholders' Equity Total liabilities and shareholders' equity There were no preferred dividends declared this year. *** The Weighted Average number of common shares outstanding The Market price per common share is: 20 $ 1,655 745 227 100 92 250 35 88 2,487 1,716 542 128 58 28 940 210 470 356 462 587 278 2,376 398 651 1,582 25,000,000 $ 3,104 159 4,961 86 8,310 2,438 3,241 5,679 2,631 8,310 Working Capital: Current Assets - Current Liabilities Current Ratio: Current Assets Current Liabilities Quick Ratio: Liquidity Cash + Short-term Investments + Accounts Receivable Current Liabilities Receivable Turnover: Credit Sales Accounts Receivable Average Collection Period: 365 Receivable Turnover Inventory Turnover: Cost of Goods Sold Inventory Days in Inventory: 365 Inventory Turnover Revenue Sales Revenue. Rent Revenue Interest Revenue Other Revenues Total revenues Operating expenses Cost of Goods sold FOR THE YEAR ENDED DECEMBER 31, 2022 CANADIAN DOLLARS (millions of dollars) Wages expense Salary expense Benefit expense Research and development expense ROOT LTD. INCOME STATEMENT Repairs and maintenance expense Sales and distribution costs expense Depreciation expense - equipment Depreciation expense - vehicles Depreciation expense - furniture Depreciation expense - office building Insurance expense Property taxes expense Food and beverage expense Supplies expense Interest expense Information technology expense Advertising expense Total operating expenses Profit before income tax Income Tax expense Profit . Denotes all of these sales were made on credit $ 1,182 516 129 98 302 290 169 110 46 96 184 24 NGU 7 45 191 36 25 15 259 28 $ 1,925 1,812 113 85 ASSETS Current assets Cash ROOT LTD. STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2022 CANADIAN DOLLARS (millions of dollars) Short-term investments Accounts receivable Inventory Spare parts and supplies inventory Prepaid Maintenance Prepaid expenses Total current assets Investments Property plant, and equipment Land Office Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation Vehicles Less: Accumulated depreciation Furniture Less: Accumulated depreciation Total property, plant and equipment Intangible assets Trademark Patent Total intangible assets Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts payable Accrued liabilities Unearned Revenue Current portion of bank loan and mortgage payable Income Tax payable Total Current Liabilities Non-current liabilities Bank loan payable Mortgage Payable Bond payable Total Non-current liabilities Total Liabilities Shareholders' Equity Preferred Shares" Common Shares $ 2,822 335 2,304 588 690 148 158 30 Retained Earning Total Shareholders' Equity Total liabilities and shareholders' equity There were no preferred dividends declared this year. *** The Weighted Average number of common shares outstanding The Market price per common share is: 20 $ 1,655 745 227 100 92 250 35 88 2,487 1,716 542 128 58 28 940 210 470 356 462 587 278 2,376 398 651 1,582 25,000,000 $ 3,104 159 4,961 86 8,310 2,438 3,241 5,679 2,631 8,310
Expert Answer:
Answer rating: 100% (QA)
CALCULATIONS Working Capital Total Current Assets Total Current Liabilities 1655 745 22... View the full answer
Related Book For
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781260247930
19th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Posted Date:
Students also viewed these accounting questions
-
Case: Publix Super Markets: Its Strategy in the U.S. Supermarket and Grocery Store Industry 5. How well is Publix performing from a financial perspective? Do some number-crunching using the data in...
-
In 250 words please tell me whether or not you would recommend that I invest in Nike - you will need to substantiate your recommendation with your ratio findings from the first part of this...
-
How do we standardize income statements to express each item as a percentage? Give a hypothetical example as to how standardizing income statements can be useful to draw comparisons between two...
-
Graph the sets of points whose polar coordinates satisfy the equations and inequalitie. 0 , r = 1
-
Draw the structure of the PTH derivative product you would obtain by Edman degradation of the following peptides: (a) I-L-P-F (b) D-T-S-G-A
-
Use the Law of Sines and the Law of Cosines to find all of the missing side lengths and angle measures. a. b. 87 51 10 m 3 eni 82 2.3 cm CIn
-
Let a random sample of 5 observations from a normal (, 2 ) distribution (where it is known that the mean = 25) be (a) What is the equation for the shape of the likelihood function of the variance ...
-
ANALYSIS OF LIQUIDITY Based on the comparative income statement and balance sheet of Ace Kitchen Works, Inc., that follow, compute the following liquidity measures for 20-2 (round all calculations to...
-
6. Given below are the oxides : Na2O, As2O3, N2O, NO and ChO7 Number of amphoteric oxides is: (a) 0 (b) 1 7. Match List -I with List - II: List-I List-II (A) Sphalerite (I) FeCO3 (B) Calamine (II)...
-
On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): ( EV of $1. PV of $1. EVA of $1. and PVA of $1) (Use the appropriate factor(s)...
-
You are the project manager at a company that was contracted to build an extra class room at a local school. The project will be completed through 5 activities (Activity A - Activity E) over the...
-
Users at Agate require a report of unpaid campaigns. Which of the following aspects of the report represents analysis, logical design and physical design? The size of the paper and the position of...
-
How is the amount reported as goodwill determined under the acquisition method?
-
What does it mean to say that an object-oriented system is highly modular?
-
State the conditions for recognition of a liability.
-
What happens to the break-even point when fixed overheads increase?
-
Exactly one year ago, Nick bought 500 shares of lenar crop. stock at $21.14 per share using his 60% margin account. today he sees that the stock is trading for $23.31 per share and decids to close...
-
On average there are four traffic accidents in a city during one hour of rush-hour traffic. Use the Poisson distribution to calculate the probability that in one such hour there arc (a) No accidents...
-
What are the two primary organizations in the United States that are responsible for setting standards related to the preparation of accounting information for public companies? What is the...
-
Assume that the required rate of return for capital investments at Knorr Foods is 12 percent. The Produce Department has proposed an investment in refrigeration equipment with a 10-year life. The...
-
Marshall Technology is considering two alternative proposals for modernizing its production facilities. To provide a basis for selection, the cost accounting department has developed the following...
-
When your hands are cold, you can rub them together to warm them. Explain the energy transformations that make this possible.
-
A diver leaps from a high platform, speeds up as she falls, and then slows to a stop in the water. How do you define the system so that the energy changes are all transformations internal to an...
-
Figure Q10.24 shows a potential-energy diagram for a particle. The particle is at rest at point A and is then given a slight nudge to the right. Describe the subsequent motion. FIGURE Q10.24 Energy...
Study smarter with the SolutionInn App