Information about elkridge sporting goods

Assignment Help Financial Management
Reference no: EM13721743

Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2014. On that date the firm had cash and marketable securities of $25,135, accounts receivable of $43,758, inventory of $166,700, net fixed assets of $329,600, and other assets of $13,125. It had accounts payables of $67,855, notes payables of $36,454, long-term debt of $224,900, and common stock of $150,000. How much retained earnings did the firm have

Reference no: EM13721743

Questions Cloud

What personal leadership characteristics are most important : What personal leadership characteristics are most important, for building successful buying or selling teams?What are the core competencies of a successful buying or selling team leader?
Wheeler corporation had retained earnings : Wheeler Corporation had retained earnings as of 12/31/10 of $15 million. During 2011, Wheeler's net income was $7 million. The retained earnings balance at the end of 2011 was equal to $20 million.
Rogues operating income is equal : Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; an..
How do tcp and udp relate to ip : i. How do TCP and UDP relate to IP (Internet protocol)? Which of these pro- tocols are encapsulated within (or layered atop) one another? Could all three be used simultaneously?
Information about elkridge sporting goods : Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2014. On that date the firm had cash and marketable securities of $25,135, accounts receivable of $43,758, inventory of $166,700, net fixed as..
What is the companys net income : Recreational Supplies Co. has net sales of $12,660,000, an ROE of 23.00 percent, and a total asset turnover of 2.52 times. If the firm has a debt-to-equity ratio of 0.76, what is the company’s net income?
What is the cost of goods sold for lambda corporation : Lambda Corporation has current liabilities of $420,000, a quick ratio of 1.5, inventory turnover of 4.0, and a current ratio of 3.0. What is the cost of goods sold for Lambda Corporation?
What is the price of the bond : A bond has a coupon rate of 9.8 percent and 11 years until maturity. If the yield to maturity is 8.2 percent, what is the price of the bond?
The operating cost of a new machine : The operating cost of a new machine is $500 for the first year. Starting the second year, the operating cost increases by $200 per year for the next 10 years. Calculate the equivalent annual operating cost of the machine. What will be the present and..

Reviews

Write a Review

Financial Management Questions & Answers

  Airbus sold an a400 aircraft to delta airlines a us company

airbus sold an a400 aircraft to delta airlines a u.s. company and billed 30 million payable in six months. airbus is

  Accounting and financial statements

Demonstrate an understanding of governmental and not-for-profit accounting and financial statements. Analyze transactions unique to governmental and not-for-profit entities to determine potential outcomes

  To develop a schedule for project we will use the concept

to develop a schedule for a project we will use the concept of a project network which shows work activities taken from

  Write a summary of the article by reuven glick

Write a summary of the Article by Reuven Glick and Andrew K. Rose. - CONTAGION AND TRADE: WHY ARE CURRENCY CRISES REGIONAL?

  Derive the functional relationship between the no arbitrage

Derive the functional relationship between the no arbitrage values of the two vertical spreads, C(K1)-C(K2) and C(K2)-C(K3)?

  Financial statements and forecasts for convenience

Size-up HCM using historical ratio analysis and a discussion of its business risk and financial risk and the Q1 tab reproduces HCM's financial statements and forecasts for your convenience.

  Exotic cuisines employee stock options

What happens is that a company experiences a stock price decrease, which leaves employee stock options farout of the money or underwater and what are the implications for employee stock options? In light of your answer, can yourecommend an improvem..

  Compare the hedging alternatives for the eur receivables

Compare the hedging alternatives for the EUR receivables with a scenario under which Yankee remains unhedged and Compare the hedging alternatives for the MYR with a scenario under which Yankee remains unhedged -Do you think Yankee should hedge or r..

  Assume the market is in equilibrium with the required return

Simpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. However, investors expect Simpkins to begin paying dividends, with the first dividend of $1.75 coming 3 years from today. The div..

  Make an assessment of where your company stands right now

Company: Manpower Group IncTicker Symbol: MAN (United States),  Make an assessment of where your company stands right now, what it does well, what it does badly, and what you would change about it.

  Compute the return on berry stock for each year

Calculate the return on berry stock for each year, the average return for the period, and the standard deviation for the period.

  Calculate the internal rate of return

Calculate the Internal Rate of return for both projects and again recommend which of the two projects, if any, should be selected based on this information.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd