Hi need help with question 4 and 5 (different questions, the attach. balance sheet is...

70.2K

Verified Solution

Question

Accounting

image Hi need help with question 4 and 5 (different questions, the attach. balance sheet is just for question 5) thank you

image

(15 pts) ABC Inc. had a net loss of $37,000 during its last fiscal year. The following is also available: Depreciation Decrease in Accounts Receivable Increase in inventory Increase in Accounts Payable Increase in salaries payable $19,000 4,000 2,000- 18,000 If they started the year with $3,000 in their cash account, how much cash did they have at the end of the year? s. (15 pts) Use the given information on Alcoa and the fact that it had 1.31 billion shares outstanding and paid $0.12 per share in dividends, to compute for the period ending Dec. 31, 2014 the following ratios: a Average Collection Period V b) Asset Turnover d) Return on Assets e) Price to Earnings Ratio V 6 Dividend Payout

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students