Ask Question, Ask an Expert


Ask Financial Accounting Expert

Based on the financial statements of a sample company, answer the following problems.

A. Make the 2012 statement of cash flows for company.

B. When the price-earnings ratio of the company is 2, what is firm's approximate market price per share? Best-recognized Profit Corporation Income Statement 2012 Sales $8,800 Less: Costs 5,600 Depreciation 900 EBIT 2,300 Less: Interest 350 EBT 1,950 Less: Taxes 550 Net Income $1,400 Dividends $900 Retained earnings $500 Balance Sheet Dec. 31, 2012 2011 2012 2011 Cash $170 $110 Accounts payable $135 $120 Accounts rec. 500 700 Notes payable 1,200 1,400 Inventory 1,240 1,000 Current liabilities 1,335 1,520 Current assets 1,910 1,810 Long-term debt 2,005 2,620 Fixed assets 2,000 3,500 Common stock 570 1170 (50 shares) Total assets $3,910 $5,310 Total liability and equity $3,910 $5,310.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M93657

Have any Question? 

Related Questions in Financial Accounting

Hanson company is constructing a building construction

Hanson Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,872,000 on March 1, $1,236,000 on June 1, and $3,008,500 on December 31. Compute Hanson’s ...

Assignmentyou have just been hired as a new management

Assignment You have just been hired as a new management trainee by XYZ Co, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company has done very little i ...

What qualities make a future issue a ldquotriggerrdquo

What qualities make a future issue a “trigger”? Consider you are on the strategic planning team for a soft drink company. Here is your company’s future trigger: “merger of our two major competitors next year.” Formulate ...

Time value of money practical applications in business and

Time Value of Money, Practical Applications in Business and Personal Decisions If you have put money in a savings account, made monthly auto or mortgage payments, or paid down your student loan ahead of time you have inh ...

Describe a painful disposal situation that you have

Describe a painful disposal situation that you have encountered. What was the result? Would you do it differently if you had it to do over again? How can marketers use the consumer’s reluctance to part with favorite prod ...

Noting discussion of supreme court decisions 1 meritor

Noting discussion of Supreme Court decisions: 1) Meritor Savings Bank v. Mechelle Vinson and 2) Oncale v. Sundowner Offshore, research both cases online and respond to the following questions. 1. Provide a paragraph summ ...

Assignment non-for-profit financial reporting reviewselect

Assignment: Non-for-Profit Financial Reporting Review Select one not-for-profit organization in an area of interest to you and review the financial statements and audit report for the organization. The financial statemen ...

Assignmentfreds electrical inc sells electrical parts to

Assignment Fred's Electrical, Inc. sells electrical parts to electrical contractors in the northwestern United States. Fred's customers mail their payments - attached to the stub (i.e., remittance advice [RA]) from their ...

Assignment business accounting and youthe goal of this

Assignment: Business, Accounting, and You The goal of this graded project is to create the following financial statements for J & L Accounting, Inc.: Balance sheet Income statement Statement of retained earnings Post-clo ...

Financial accounting assignmentcase study 1 - activity

FINANCIAL ACCOUNTING ASSIGNMENT Case Study 1 - Activity Classification (Statement of Cash Flows) You are provided with the following transactions that took place during a recent fiscal year. Transaction Statement of Cash ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro