HCS 380 Week 3 WileyPLUS Week 3 Homework//tutorfortune.com
HCS 380 Week 3 WileyPLUS Week 3 Homework//tutorfortune.com Click on below link to buy https://tutorfortune.com/products/hcs-380-week-3-wileyplus-week-3-homework HCS 380 Week 3 WileyPLUS Week 3 Homework Complete the Week Three Homework exercises assigned in WileyPLUS. Note: Most assignment activities will be completed in WileyPLUS and will not require you to submit anything in the classroom. If this is the case, the system will tell you that nothing has been submitted; this is correct and does not mean you didn't complete the assignment. As long as you completed the requirements in WileyPLUS, you will earn all appropriate points. Problem 2-5A The following are financial statements of Bramble Corp.. Bramble Corp. Income Statement For the Year Ended December 31, 2017 Net sales $2,231,500 Cost of goods sold 1,027,800 Selling and administrative expenses 918,600 Interest expense 90,600 Income tax expense 70,170 Net income $ 124,330 Bramble Corp. Balance Sheet December 31, 2017 Assets Current assets Cash $ 73,100 Debt investments 85,170 Accounts receivable (net) 189,700 Inventory 164,200 Total current assets 512,170 Plant assets (net) 590,700 Total assets $ 1,102,870 Liabilities and Stockholdersu2019 Equity Current liabilities Accounts payable $ 173,000 Income taxes payable 36,670 Total current liabilities 209,670 Bonds payable 219,900 Total liabilities 429,570 Stockholdersu2019 equity Common stock 365,400 Retained earnings 307,900 Total stockholdersu2019 equity 673,300 Total liabilities and stockholdersu2019 equity $1,102,870 Exercise 6-12 The following information is available for Pharoah Company for three recent fiscal years. 2017 2016 2015 Inventory $552,440 $569,374 $337,484 Net sales 1,955,006 1,692,420 1,322,224 Cost of goods sold 1,532,544 1,277,699 936,594 Exercise 8-14 (Part Level Submission) Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2017 2016 Accounts receivable (gross) $ 3,408 $ 4,611 Accounts receivable (net) 3,144 4,284 Allowance for doubtful accounts 264 327 Sales revenue 32,081 35,794 Total current assets 6,739 6,864 Exercise 9-17 Crane Company reports the following information (in millions) during a recent year: net sales, $10,185.0; net earnings, $250.0; total assets, ending, $5,130.0; and total assets, beginning, $5,150.0. HCS 380 Week 3 WileyPLUS Week 3 Homework Click on below link to buy https://tutorfortune.com/products/hcs-380-week-3-wileyplus-week-3-homework
★
★
★
★
★
73 views • 6 slides
