Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

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

Glibler inc on january 1 2013 initiated a noncontributory

Glibler, Inc., on January 1, 2013, initiated a noncontributory defined benefit pension plan for its employees. An actuarial consulting firm has indicated that the present value of the projected benefit obligation on Janu ...

Instructions 1 if the department typed 81900 lines

Instructions 1. If the department typed 81,900 lines according to the original plan, what would have been the labor time variance? 2. What was the labor time variance as a result of typing 88,900 lines? 3. What was the l ...

Three objectives of a companys internal control system

Three objectives of a company's internal control system should be safeguarding assets, checking the accuracy and reliability of accounting data, and promoting operational efficiency. A fourth objective of a company's int ...

The firmrsquos job-order costing system uses direct-labor

The firm’s job-order costing system uses direct-labor hours (measured at practical capacity) as the cost driver for overhead application. In December of the preceding year, Shar had prepared the following budget for dire ...

Absolute leasing inc agrees to lease equipment to allen inc

Absolute Leasing, Inc. agrees to lease equipment to Allen, Inc. on January 1, 2012. They agree on the following terms: (a) The normal selling price of the equipment is $350,000 and the cost of the asset to Absolute Leasi ...

From the previous bulleted discussion assume that

From the previous bulleted discussion, assume that management now has a clear understanding of capital leases, but has been informed by colleagues that an operating lease may be more beneficial than an operating lease, s ...

Cash dividends sanders corporation has the following shares

Cash Dividends Sanders Corporation has the following shares outstanding: 7,000 shares of $50 par value, six percent preferred stock and 45,000 shares of $1 par value common stock. The company has $328,000 of retained ear ...

Choose an item that you would like to manufacture you do

Choose an item that you would like to manufacture. You do not actually need to manufacture something, but will proceed through the assignment as if you were planning on manufacturing the item you have selected. The produ ...

A corporation has 10000 shares of 6 50 par value cumulative

A corporation has 10,000 shares of 6% $50 par value cumulative preferred stock and fifty thousand shares of $4 par value common stock outstanding last year no dividends were paid this year the board of directors decided ...

Foto company makes 50000 units per year of a part it uses

Foto Company makes 50,000 units per year of a part it uses in the products it manufactures. The cost per unit of this part is shown below: direct materials .............. $12.00 direct labor ..................  10.10 var ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate