subject
Business, 27.05.2020 23:58 Kjcampbell2

Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) Income Statement 2017 Sales $ 5,730,000 Cost of goods sold 3,020,000 Depreciation 299,200 Selling & admin. expenses 1,602,000 EBIT $ 808,800 Interest expense 170,000 Taxable income $ 638,800 Taxes 289,300 Net income $ 349,500 Balance Sheet, Year-End 2017 2016 Assets Cash $ 42,600 $ 85,000 Accounts receivable 600,000 1,474,300 Inventory 445,500 1,025,500 Total current assets $ 1,088,100 $ 2,584,800 Fixed assets 2,861,000 6,043,000 Total assets $ 3,949,100 $ 8,627,800 Liabilities and Stockholders' Equity Accounts payable $ 316,400 $ 1,042,000 Short-term debt 498,000 1,279,500 Total current liabilities $ 814,400 $ 2,321,500 Long-term bonds 1,854,400 5,115,500 Total liabilities $ 2,668,800 $ 7,437,000 Common stock $ 311,700 $ 311,700 Retained earnings 968,600 879,100 Total stockholders' equity $ 1,280,300 $ 1,190,800 Total liabilities and stockholders' equity $ 3,949,100 $ 8,627,800

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 20:00
With the slowdown of business, how can starbucks ensure that the importance of leadership development does not get overlooked?
Answers: 3
question
Business, 22.06.2019 20:20
You are the cfo of a u.s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u.s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take
Answers: 2
question
Business, 22.06.2019 21:10
Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?
Answers: 3
question
Business, 22.06.2019 21:20
Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.
Answers: 1
You know the right answer?
Use the financial statements of Heifer Sports Inc. to find the information below for Heifer. (Use 36...
Questions
question
Arts, 02.03.2020 21:38
question
History, 02.03.2020 21:38
Questions on the website: 13722363