Exam 4: Understanding Financial Statements

A company reported total stockholders' equity of $580,000 on its Dec 31, 2018, balance sheet. The following information is available for the year ended Dec 31, 2019: What are the total assets of the company on December 31, 2019?

Mountain Company has Beginning retained earnings of $450,000, earns a net income of $112,500, and has an Ending retained earnings balance of $552,000 during the period. The amount which Mountain paid in dividends must have been:

Compute the missing amounts for each of the last 3 years for the Gilgen Company.

Chelsea Company presented the following data at the end of 2019: Determine the current ratio for Chelsea Company (rounded).

Darmstadt Company presented the following data at the end of 2019: Determine the debt-to-total assets ratio for Darmstadt Company (rounded).

Data from the financial statements of Nancarrow Brothers Co. and J. C. Murphy, Inc. are presented below (in millions): To the nearest hundredth of a percent, what is the return on assets ratio 2019 for J. C. Murphy, Inc.?

Data from the financial statements of Nancarrow Brothers Co. and J. C. Murphy, Inc. are presented below (in millions): To the nearest hundredth of a percent, what is the return on sales ratio 2019 for J. C. Murphy, Inc.?

Kirsten Company presented the following data at the end of 2019: Determine the current ratio for Kirsten Company (rounded).

Herbst Company presented the following data at the end of 2019: Determine the company's return on sales (rounded)

Mountain Company has beginning equity of $1,200,000, net income of $200,000, dividends of $120,000 and investments by owners in exchange for stock of $40,000. Its ending equity is:

Data from the financial statements of Creativity Crafts and Fun Projects, Inc. are presented below (in millions): To the nearest hundredth, what is the 2019 debt-to-total-assets ratio for Fun Projects , Inc.?

Presented below is the Statement of Cash Flows for EMG Originals Clothing Company: Determine the company's free cash flow:

Determine Sales revenue for Barko Company with the following data:

Alvin's Audio reported the following amounts in its December 31, 2019, and 2018 financial statements. Calculate to the nearest hundredth: (a) Return on sales for 2019 (b) Return on assets for 2019 (c) Debt-to-total-assets ratio as of December 31, 2019

Marshall Company reported the following year-end amounts: What is the company's Sales Returns for the year?

Skokie Company reported the following year-end amounts: What is the company's Sales Returns for the year?

Colorado Company has beginning equity of $900,000, net income of $150,000, dividends of $90,000 and investments by owners in exchange for stock of $30,000. Its ending equity is:

The accounting record for Katzen Company reported the following selected information: Determine Katzen Company's gross profit.

Data from the financial statements of Nancarrow Brothers Co. and J. C. Murphy, Inc. are presented below (in millions): To the nearest hundredth, what is the 2019 debt-to-total-assets ratio for J. C. Murphy, Inc.?

Data from the financial statements of Nancarrow Brothers Co. and J. C. Murphy, Inc. are presented below (in millions): To the nearest hundredth, what is the 2019 debt-to-total-assets ratio for Nancarrow Brothers Co.?