The 2014 balance sheet of Jordan's Golf Shop, Inc., showed long-term debt of million, and the 2015 balance sheet showed long-term debt of million. The 2015 income statement showed an interest expense of. What was the firm's cash flow to creditors during 2015?
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The 2014 balance sheet of Jordan's Golf Shop, Inc., showed long-term debt of million, and the 2015 balance sheet showed long-term debt of million. The 2015 income statement showed an interest expense of. What was the firm's
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- StarrKnight Corporation's Balance Sheet and Income Statement as shown below: a) What is the operating cycle in 2016 for StarrKnight Corporation? b) What is StarrKnight Corporation's cash cycle for 2016?Central Bank has the following information (in $million). 2017 ($ million) 2018 ($ million) Revenue 780 890 Net income 240 375 Assets 22,450 27,850 Equity 2,250 2,980 Which of the following statements about Central Bank is CORRECT? Select one: a. From 2017 to 2018, its Return on Equity decreased, Return on Assets decreased, and Leverage Multiplier increased. b. From 2017 to 2018, its Return on Equity increased, Return on Assets increased, and Leverage Multiplier decreased. c. From 2017 to 2018, its Return on Equity increased, Return on Assets increased, and Leverage Multiplier increased. d. From 2017 to 2018, its Return on Equity increased, Return on Assets decreased, and Leverage Multiplier increased.I need assistance in finding the ratios for the following (see attached sheets). Calculate the following financial ratios for 2016 and 2017 7. Quick ratio 8. Operating-cash-flow-to-current-liabilities ratio (2015, current liabilites = $4,890.1 million) 9. Accounts receicable turnover (2015, accounts receivable = $1,386.7 million)
- Analyzing the ability to pay liabilities Big Beautiful Photo Shop has asked you to determine whether the company’s ability to pay current liabilities and total liabilities improved or deteriorated during 2018. To answer this question, you gather the following data: Compute the following ratios for 2018 and 2017, and evaluate the company’s ability to Pay its current Liabilities and total liabilities: a. Current ratio b. Cash ratio c. Acid-test ratio d. Debt ratio e. Debt to equity ratioCash flow identity. Use the data from the following financial statements in the popup window,. The company paid interest expense of $17,100 for 2017 and had an overall tax rate of 40% for 2017. Verify the cash flow identity: cash flow from assets = cash flow to creditors + cash flow to owners The cash flow from assets is $ (Round to the nearest dollar.)Cash flow to owners. Use the data from the following financial statements in the popup window,. The company paid interest expense of $18,900 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow to owners for 2017 by parts and total, with the parts being dividends paid and increases in borrowing from owners (change in common stock and paid-in-surplus). The distributed earnings is $ Net new borrowing from owners is $ The cash flow to owners is $ (Round to the nearest dollar.) (Round to the nearest dollar.) (Round to the nearest dollar.)
- Cuero Co. reported a net loss of $30,000 for 2015, yet its cash balance increased during the year. Which financial statement should Cuero’s management refer to for an explanation of this situation? a. Balance sheetb. Income statementc. Statement of Retained Earnings d. Statement of Cash FlowsCalculate each of following ratios for year 2017 using the financial statement in Table 1-3. Accounts receivable turnover Days sales outstanding (DSO) Accounts payable turnover Days payable outstanding (DPO) Total Asset turnover Fixed asset turnover Liquidity Ratio Current ratio Quick ratio Liability to assets Interest coverage ratio Profitability Ratios ROA ROE Gross profit margin Operating profit margin Net operating profit margin Table 1: Balance Sheet Statement for 2017 Cash $7,282 Short-Term invest. 20,000 Accounts Receivable 632,160 Inventories 1,287,360 Total Current Assets 1,946,802 Gross Property, Plant & Equipment 1,202,950 Less: Depreciation 263,160 Net Property, Plant & Equipment 939,790 Total assets $2,886,592 Accounts payable $324,000 Notes payable 720,000 Accruals 284,960 Total Current Liability 1,328,960 Long-term debt 1,000,000 Common stock 460,000 Retained earnings 97,632 Total equity 557,632 Total Liability & Equity $2,886,592 Table 2:…Below is selected balance sheet and income statement information from Brahtz & Company. 2014 2013 $ 19,879 26,129 Current assets $ 16,148 Current liabilities 28,063 113,896 66,434 Total debt 115,545 62,613 Equity Earnings before interest and taxes Interest expense 17,476 2,384 17,777 2,180 Net cash flow from operating activities 19,812 19,620 a.Compute the current ratio for each year and discuss any trend in liquidity. b.Compute times interest earned, total liabilities-to-equity, and net cash from operating activities to total debt ratios for each year and discuss any trends for each.
- Cash flow identity. Use the data from the following financial statements in the popup window, . The company paid interest expense of $17,100 for 2017 and had an overall tax rate of 40% for 2017. Verify the cash flow identity: cash flow from assets = cash flow to creditors + cash flow to owners The cash flow from assets is $ 24,380. (Round to the nearest dollar.) The cash flow to creditors is $ (Round to the nearest dollar.)Dollarama reported the following selected data (in millions): 2017 2016 Total assets $1,934.3 $1,863.5 Total liabilities 2,186.7 1,763.1 Profit 519.4 445.6 Income tax expense 196.3 166.8 Interest expense 39.9 33.0 (a) Calculate the debt to total assets and interest coverage ratios for 2017 and 2016. Did Dollarama's solvency improve, worsen, or remain unchanged in 2017? (Round answers to 1 decimal place, eg. 52.2 or 52.2%.) 2017 2016 Debt to total assets Interest coverage times times The Dollarama's solvencyUsing the Balance Sheets and Income Statement below, please calculate the following ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): Times interest earned ratio Cash coverage ratio SMOLIRA GOLD CORP.2014 and 2015 Balance Sheets Assets ($) Liabilities and Owners' Equity ($) 2014 2015 2014 2015 Current Assets Current Liabilities Cash 26,450 29,106 Accounts Payable 30,602 35,485 Accounts Receivable 13,693 18,282 Notes Payable 15,840 13,500 Inventory 27,931 32,586 Other 15,280 20,441 Total 68,074 79,974 Total 61,722 69,426 Long-term debt 95,000 110,000 Fixed Assets Owner's equity Net Plant and Equipment 357,165 398,346 Common stock and paid-in surplus 45,000 45,000 Accumulated retained earnings 223,517 253,893 Total 268,517 298,893 Total Assets…
