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I need help with attached charts I have a few blank spaces where I can not figure the problem out. can you please help and then input those numbers into the chart on my word document


Problem 12-9A

 

Your answer is partially correct. Try again.

 

Condensed financial data of Odgers Inc. follow.

 

ODGERS INC.

 

Comparative Balance Sheets

 

December 31

 

Assets

 


 

2014

 


 

Cash

 


 

2013

 


 

$ 170,488

 


 

$ 102,124

 


 

Accounts receivable

 


 

185,258

 


 

80,180

 


 

Inventory

 


 

237,375

 


 

217,014

 


 

Prepaid expenses

 


 

59,924

 


 

54,860

 


 

Long-term investments

 


 

291,180

 


 

229,990

 


 

Plant assets

 


 

601,350

 


 

511,675

 


 

Accumulated depreciation

 

Total

 


 

(105,500 )

 


 

(109,720 )

 


 

$1,440,075

 


 

$1,086,123

 


 

$ 215,220

 


 

$ 142,003

 


 

34,815

 


 

44,310

 


 

Bonds payable

 


 

232,100

 


 

308,060

 


 

Common stock

 


 

464,200

 


 

369,250

 


 

Retained earnings

 


 

493,740

 


 

222,500

 


 

$1,440,075

 


 

$1,086,123

 


 

Liabilities and Stockholders? Equity

 

Accounts payable

 

Accrued expenses payable

 


 

Total

 


 

ODGERS INC.

 

Income Statement Data

 

For the Year Ended December 31, 2014

 

Sales revenue

 


 

$819,651

 


 

Less:

 

Cost of goods sold

 


 

$285,821

 


 

Operating expenses, excluding depreciation

 


 

26,185

 


 

Depreciation expense

 


 

98,115

 


 

Income tax expense

 


 

57,561

 


 

Interest expense

 

Loss on disposal of plant assets

 

Net income

 


 

9,980

 

15,825

 


 

493,487

 

$ 326,164

 


 

Additional information:

 

1. New plant assets costing $211,000 were purchased for cash during the year.

 

Old plant assets having an original cost of $121,325 and accumulated depreciation of

 

2.

 

$102,335 were sold for $3,165 cash.

 

3. Bonds payable matured and were paid off at face value for cash.

 

4. A cash dividend of $54,924 was declared and paid during the year.

 

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease

 

cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

 


 

ODGERS INC.

 

Statement of Cash Flows

 

For the Year Ended December 31, 2014

 

EAT_1342611716

 

Cash Flow s from Operating Activities

 


 

$

 


 

EAT_1342611716

 

Net Income

 


 

326,164

 


 

Adjustments to reconcile net income to

 

EAT_1342611716

 

Net Cash Provided by Operating Activities

 


 

$

 


 

EAT_1342611716

 

Increase in Inventory

 

EAT_1342611716

 

Increase in Accounts Receivable

 

EAT_1342611716

 

Depreciation Expense

 

EAT_1342611716

 

Loss on Disposal of Plant Assets

 

EAT_1342611716

 

Increase in Prepaid Expenses

 


 

47,159

 

EAT_1342611716

 

373,323

 


 

Net Cash Provided by Operating Activities

 

EAT_1342611716

 

Cash Flow s from Investing Activities

 

EAT_1342611716

 

Purchase of Investments

 

EAT_1342611716

 

Purchase of Plant Assets

 

EAT_1342611716

 

Sale of Plant Assets

 


 

EAT_1342611716

 

Cash Flow s from Financing Activities

 

EAT_1342611716

 

Redemption of Bonds

 

EAT_1342611716

 

Sale of Common Stock

 

EAT_1342611716

 

Payment of Cash Dividends

 

EAT_1342611716

 

Net Cash used by Financing Activities

 

EAT_1342611716

 

Net Increase in Cash

 


 

68,364

 


 

EAT_1342611716

 

Cash at Beginning of Period

 


 

102,124

 


 

$

 


 

EAT_1342611716

 

Cash at End of Period

 


 

170,488

 


 

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Problem 12-10A

 


 

Your answer is partially correct. Try again.

 

Condensed financial data of Odgers Inc. follow.

 

ODGERS INC.

 

Comparative Balance Sheets

 

December 31

 

Assets

 


 

2014

 


 

Cash

 


 

2013

 


 

$ 166,448

 


 

$ 99,704

 


 

Accounts receivable

 


 

180,868

 


 

78,280

 


 

Inventory

 


 

231,750

 


 

211,871

 


 

Prepaid expenses

 

Long-term investments

 

Plant assets

 

Accumulated depreciation

 

Total

 


 

58,504

 


 

53,560

 


 

284,280

 


 

224,540

 


 

587,100

 


 

499,550

 


 

(103,000 )

 


 

(107,120 )

 


 

$1,405,950

 


 

$1,060,385

 


 

$ 210,120

 


 

$ 138,638

 


 

33,990

 


 

43,260

 


 

Bonds payable

 


 

226,600

 


 

300,760

 


 

Common stock

 


 

453,200

 


 

360,500

 


 

Liabilities and Stockholders? Equity

 

Accounts payable

 

Accrued expenses payable

 


 

Retained earnings

 

Total

 


 

482,040

 


 

217,227

 


 

$1,405,950

 


 

$1,060,385

 


 

ODGERS INC.

 

Income Statement Data

 

For the Year Ended December 31, 2014

 

Sales revenue

 


 

$800,228

 


 

Less:

 

Cost of goods sold

 


 

$279,048

 


 

Operating expenses, excluding depreciation

 


 

25,565

 


 

Depreciation expense

 


 

95,790

 


 

Income taxes

 


 

56,197

 


 

Interest expense

 

Loss on disposal of plant assets

 

Net income

 


 

9,744

 

15,450

 


 

481,794

 

$ 318,434

 


 

Additional information:

 

1. New plant assets costing $206,000 were purchased for cash during the year.

 

Old plant assets having an original cost of $118,450 and accumulated depreciation of

 

2.

 

$99,910 were sold for $3,090 cash.

 

3. Bonds payable matured and were paid off at face value for cash.

 

4. A cash dividend of $53,621 was declared and paid during the year.

 


 

Further analysis reveals that accounts payable pertain to merchandise creditors.

 

Prepare a statement of cash flows for Odgers Inc. using the direct method. (Show amounts that

 

decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

 

ODGERS INC.

 

Statement of Cash Flows

 

For the Year Ended December 31, 2014

 

EAT_1342614808

 

Cash Flow s from Operating Activities

 


 

$

 


 

EAT_1342614808

 

Cash Receipts from Customers

 


 

697,640

 


 

EAT_1342615306 Less

 


 

:

 

EAT_1342615321 Cash Payments

 


 

$

 


 

EAT_1342614808

 

To Suppliers

 


 

227,445

 


 

EAT_1342614808

 

For Income Taxes

 


 

56,197

 


 

EAT_1342614808

 

For Operating Expenses

 


 

39,779

 


 

EAT_1342614808

 

For Interest

 


 

9,744

 


 

333,165

 

EAT_1342614808

 

Net Cash Provided by Operating Activities

 

EAT_1342614808

 

Cash Flow s from Investing Activities

 


 

364,475

 


 

EAT_1342614808

 

Sale of Plant Assets

 


 

3,090

 


 

EAT_1342614808 Purchase of Plant Assets

 


 

EAT_1342614808 Purchase of Investments

 

EAT_1342614808

 

(262,650)

 


 

Net Cash used by Investing Activities

 

EAT_1342614808

 

Cash Flow s from Financing Activities

 

EAT_1342614808

 

Sale of Common Stock

 


 

92,700

 


 

EAT_1342614808 Payment of Cash Dividends

 


 

EAT_1342614808 Redemption of Bonds

 

EAT_1342614808

 

Net Cash used by Financing Activities

 

EAT_1342614808

 

Net Increase in Cash

 


 

66,744

 


 

EAT_1342614808

 

Cash at Beginning of Period

 


 

99,704

 


 

$

 


 

EAT_1342614808

 

Cash at End of Period

 


 

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166,448

 


 

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Problem 13-2A

 

Your answer is partially correct. Try again.

 

The comparative statements of Osborne Company are presented here.

 

OSBORNE COMPANY

 

Income Statements

 

For the Years Ended December 31

 


 

2014

 

Net sales

 

Cost of goods sold

 

Gross profit

 

Selling and administrative expenses

 

Income from operations

 


 

2013

 


 

$1,894,397

 

1,062,397

 

832,000

 

503,857

 

328,143

 


 

$1,754,357

 

1,009,857

 

744,500

 

482,857

 

261,643

 


 

24,056

 

304,087

 

94,056

 

$ 210,031

 


 

22,056

 

239,587

 

75,056

 

$ 164,531

 


 

Other expenses and losses

 

Interest expense

 

Income before income taxes

 

Income tax expense

 

Net income

 


 

OSBORNE COMPANY

 

Balance Sheets

 

December 31

 

Assets

 


 

2014

 


 

2013

 


 

Current assets

 

Cash

 

Debt investments (short-term)

 

Accounts receivable

 

Inventory

 

Total current assets

 

Plant assets (net)

 

Total assets

 


 

$ 60,100

 

74,000

 

121,657

 

128,056

 

383,813

 

659,449

 

$1,043,262

 


 

$ 64,200

 

50,000

 

106,657

 

117,556

 

338,413

 

530,749

 

$869,162

 


 

$ 163,857

 

45,556

 

209,413

 

230,449

 

439,862

 


 

$149,257

 

44,056

 

193,313

 

210,449

 

403,762

 


 

290,000

 

313,400

 

603,400

 

$1,043,262

 


 

300,000

 

165,400

 

465,400

 

$869,162

 


 

Liabilities and Stockholders? Equity

 

Current liabilities

 

Accounts payable

 

Income taxes payable

 

Total current liabilities

 

Bonds payable

 

Total liabilities

 

Stockholders? equity

 

Common stock ($5 par)

 

Retained earnings

 

Total stockholders? equity

 

Total liabilities and stockholders? equity

 


 

All sales were on account. Net cash provided by operating activities for 2014 was $232,640. Capital

 

expenditures were $135,190, and cash dividends were $62,031.

 

Compute the following ratios for 2014. (Round all answers to 2 decimal places, e.g. 1.83 or

 

12.61%.)

 

$

 

(a)

 


 

Earnings per share

 


 

(b)

 


 

Return on common stockholders? equity

 


 

%

 


 

(c)

 


 

Return on assets

 


 

%

 


 

(d)

 


 

Current ratio

 


 

(e)

 


 

Accounts receivable turnover

 


 

(f)

 


 

Average collection period

 


 

(g)

 


 

Inventory turnover

 


 

(h)

 


 

Days in inventory

 


 

(i)

 


 

Times interest earned

 


 

(j)

 


 

Asset turnover

 


 

(k)

 


 

Debt to assets

 


 

(l)

 


 

Current cash debt coverage

 


 

(m) Cash debt coverage

 


 

:1

 


 

1.83

 


 

times

 


 

16.59

 


 

days

 


 

22

 


 

8.65

 


 

times

 


 

days

 


 

times

 


 

13.64

 


 

times

 


 

1.98

 


 

%

 


 

times

 


 

1.16

 


 

times

 


 

0.55

 


 

$

 

(n)

 


 

Free cash flow

 

$35,419

 


 

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