Business, 29.07.2019 16:10, Peachfarie93451

Below is selected financial information for sunrise company. selected balance sheet data - as of dec. 31, 2017 dec. 31, 2016 cash and short-term investments $ 958,245 $ 745,800 accounts receivable (net) 125,850 135,400 inventories 195,650 175,840 prepaid expenses and other current assets 45,300 30,860 total current assets $1,325,045 $1,087,900 plant, property and equipment, net 1,478,320 1,358,700 intangible assets 125,600 120,400 total assets $2,928,965 $2,567,000 short-term borrowings $ 25,190 $ 38,108 current portion of long-term debt 45,000 40,000 accounts payable 285,400 325,900 accrued liabilities 916,722 705,891 income taxes payable 125,400 115,600 total current liabilities $1,397,712 $1,225,499 long-term debt 450,000 430,000 total liabilities $1,847,712 $1,655,499 shareholders' equity $1,081,253 $ 911,501 total liabilities and shareholders' equity $2,928,965 $2,567,000 selected income statement data - for the year ending december 31, 2017: net sales $3,210,645 cost of goods sold (2,310,210) operating income $ 900,435 net income $ 324,850 selected statement of cash flow data - for the year ending december 31, 2017: cash flows from operations $584,750 interest expense 42,400 income tax expense 114,200 sunrise's liabilities to shareholders equity ratio would be

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 15:00, nando3024

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor. required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Answers: 2

continue

Business, 22.06.2019 20:50, payshencec21

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.

Answers: 2

continue

Business, 23.06.2019 02:10, Thejollyhellhound20

Make or buy eastside company incurs a total cost of $120,000 in producing 10,000 units of a component needed in the assembly of its major product. the component can be purchased from an outside supplier for $11 per unit. a related cost study indicates that the total cost of the component includes fixed costs equal to 50% of the variable costs involved. a. should eastside buy the component if it cannot otherwise use the released capacity? present your answer in the form of differential analysis. use negative sign represent a net disadvantage answer; otherwise do not use negative signs with your answers. cost from outside supplier $answer variable costs avoided by purchasing answer net advantage (disadvantage) to purchase alternative $answer b. what would be your answer to requirement (a) if the released capacity could be used in a project that would generate $50,000 of contribution margin? use negative sign represent a net disadvantage answer; otherwise do not use negative signs with your answers.

Answers: 2

continue

Business, 23.06.2019 07:30, ykluhredd

The uk economic climate is important for pod point. it is considering two options to reduce the impact of falling uk consumer incomes on sales: 1. focus on selling to foreign countries. or 2. cut costs of production. justify which one of these two options pod point should choose

Answers: 1

continue

Do you know the correct answer?

Below is selected financial information for sunrise company. selected balance sheet data - as of dec...