Home
Blog
Blige Inc.Comparative Balance SheetDecember 31, 2014 and 2013 Dec. 31, 2014 Dec. 31, 2013Assets Current assets Cash$199,380 $240,410 Temporary investments301,760 398,400 Accounts receivable (net)211,700 197,100 Inventories160,600 116,800 Prep

Blige Inc.Comparative Balance SheetDecember 31, 2014 and 2013 Dec. 31, 2014 Dec. 31, 2013Assets Current assets Cash$199,380 $240,410 Temporary investments301,760 398,400 Accounts receivable (net)211,700 197,100 Inventories160,600 116,800 Prep

Daniel Kevins

0 comments

Blige Inc.
Comparative Balance Sheet
December 31, 2014 and 2013
			Dec. 31, 2014	Dec. 31, 2013
Assets
Current assets
	Cash		$199,380	$240,410
	Temporary investments		301,760	398,400
	Accounts receivable (net)		211,700	197,100
	Inventories		160,600	116,800
	Prepaid expenses		37,712	48,080
		Total current assets	$911,152	$1,000,790
Long-term investments			695,168	468,163
Property, plant, and equipment (net)			1,080,000	972,000
Total assets			$2,686,320	$2,440,953
Liabilities
Current liabilities			$293,920	$633,353
Long-term liabilities
	Mortgage note payable, 8%, due 2019		$400,000	$0
	Bonds payable, 8%, due 2015		500,000	500,000
		Total long-term liabilities	$900,000	$500,000
Total liabilities			$1,193,920	$1,133,353
Stockholders’ Equity
Preferred $0.70 stock, $20 par			$180,000	$180,000
Common stock, $10 par			210,000	210,000
Retained earnings			1,102,400	917,600
	Total stockholders’ equity		$1,492,400	$1,307,600
Total liabilities and stockholders’ equity			$2,686,320	$2,440,953

Required:

Determine the following measures for 2014, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year.

1. Working capital	$[removed]
2. Current ratio	[removed]
3. Quick ratio	[removed]
4. Accounts receivable turnover	[removed]
5. Number of days’ sales in receivables	[removed]	days
6. Inventory turnover	[removed]
7. Number of days’ sales in inventory	[removed]	days
8. Ratio of fixed assets to long-term liabilities	[removed]
9. Ratio of liabilities to stockholders’ equity	[removed]
10. Number of times interest charges are earned	[removed]
11. Number of times preferred dividends are earned	[removed]
12. Ratio of net sales to assets	[removed]
13. Rate earned on total assets	[removed]	%
14. Rate earned on stockholders’ equity	[removed]	%
15. Rate earned on common stockholders’ equity	[removed]	%
16. Earnings per share on common stock	$[removed]
17. Price-earnings ratio	[removed]
18. Dividends per share of common stock	$[removed]
19. Dividend yield	[removed]	%

About the Author

Daniel Kevins

Follow me