Martinakom

Not Rated (0)

$12/per page/Negotiable

About Martinakom

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Architecture and Design,Biology,Business & Finance,Calculus,Chemistry,Computer Science,Geology Hide all
Teaching Since: Jul 2017
Last Sign in: 399 Weeks Ago, 2 Days Ago
Questions Answered: 5023
Tutorials Posted: 5024
Category > Business & Finance Posted 18 Aug 2017 My Price 7.00

Financial statement construction via ratios. Incomplete financial statements of Lock Box Inc. are presented a s follows: LOCK BOX INC.

Financial statement construction via ratios. Incomplete financial statements of Lock Box Inc. are presented as follows:

LOCK BOX INC.
Income Statement
For the Year Ending December 31, 20X3

Sales

$ ?

Cost of Goods Sold

60.1%

Gross Profit

$ 15,000,000

Operating Expenses and Interest

?

Income Before Taxes

$ ?

Income taxes, 40%

?

Net income

$ ?

 

 

LOCK BOX INC.
Balance Sheet
December 31, 20X3
 

Assets
 

Cash

$ ?
 

Accounts Receivable

?
 

Inventory

?
 

Property, Plant, and Equipment

___8,000,000
 

Total assets

$ 24,000,000
 

Liabilities and Stockholders' Equity
 

Accounts Payable

$ ?
 

Notes Payable: Short-Term

600,000
 

Bonds Payable

4,600,000
 

Common Stock

2,000,000
 

Retained Earnings

?
 

Total Liabilities and Stockholders' Equity

$ 24,000,000

Questions

YOUR ANSWERS BASED UPON COURSE START DATE

LOCK BOX INC.

Income Statement

For the Year Ending December 31, 20X3

Sales

  

Cost of Goods Sold

  

Gross Profit

  

Operating Expenses and Interest

  

Income Before Taxes

  

Income taxes, 40%

  

Net income

  

LOCK BOX INC.

Balance Sheet

December 31, 20X3

Assets

Cash

  

Accounts Receivable

  

Inventory

  

Property, Plant, and Equipment

  

  Total assets

  

Liabilities and Stockholders' Equity

Accounts Payable

  

Notes Payable: Short-Term

  

Bonds Payable

  

Common Stock

  

Retained Earnings

  

  Total Liabilities and Stockholders' Equity

  

 

Attachments:

Answers

Martinakom
Not Rated (0)
Status NEW Posted 18 Aug 2017 04:08 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â-----------  -----------Tha-----------nk -----------you----------- fo-----------r y-----------our----------- in-----------ter-----------est----------- an-----------d b-----------uyi-----------ng -----------my -----------pos-----------ted----------- so-----------lut-----------ion-----------. P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll -----------be -----------qui-----------ckl-----------y

Not Rated(0)