B301 Finance 100% SOLUTION 2023//2024

B301 Finance 100% SOLUTION 2023//2024 Based solely on the information provided here, which company likely has the highest amount of owners equity?: Company W: Total Assets $1 million; Total Liabilities $600,000 Company X: Total Assets $600,000; Total Liabilities $100,000 Company Y: Total Assets $8.6 million; Total Liabilities $8.4 million Company Z: Total Assets $300,000; Total Liabilities $25,000 - ANSWER Company X An income statement is analogous to a company's________. Accounts Receivable Statement Profit and Loss Statement Net Worth Statement Tax Statement - ANSWER Profit and Loss Statement For the following, calculate the company's net income (EAT) (use only what data you need): Sales = 2,000. Income tax rate = 50%. COGS = 10% of sales. SG&A expense = 100. Interest expense = 50. Dividend payout ratio = 25%. 309.37 412.50 825.00 850.00 - ANSWER 825.00 Calculate a company's Net Cash Flow From Customers for the past year (as part of figuring its Cash Flow From Operating Activities) using the following data: Net Sales $1 million; Beginning Accounts Receivable $50,000; Ending Accounts Receivable $25,000. $1,075,000 $1,025,000 $950,000 $925,000 - ANSWER $1,025,000 Information found on any one of the major financial statements Is often linked in some way to the other financial statements. Comes exclusively (only) from one of the other major financial statements. Is provided to a company by the IRS.