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Accouting Various Examples

Romo, Inc., has current assets of $1,100, net fixed assets of $14,500, current liabilities of $ 600, and long-term debt of $4,000. The value of the shareholders' equity account for this firm is $ ?
The amount of net working capital is $ ...... .

Fyre, Inc., has sales of $485,000, costs of $190,000, depreciation expense of $80,000, interest expense of $66,000, and a tax rate of 30 percent. The net income for this firm is......

Fyre, Inc., has sales of $489,000, costs of $195,000, depreciation expense of $61,000, interest expense of $31,000, and a tax rate of 30 percent
If the firm paid out $44,000 in cash dividends, the addition to retained earnings is ........

Fyre, Inc., has sales of $502,000, costs of $190,000, depreciation expense of $60,000, interest expense of $53,000, and a tax rate of 33 percent. The firm paid out $51,000 in cash dividends, and had 32,000 shares of common stock outstanding.....

Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6 million. The machinery can be sold to the Romulans today for $4 million. Klingon's current balance sheet shows net fixed assets of $5 million, current liabilities of $2,250,000, and net working capital of $1,425,000. If all the current assets were liquidated today, the company would receive $3.2 million cash
The book value of Klingon's assets today is.....
and the market value is .....

Solution Summary

The solution computes, net income, book value, retained earnings,common stock outstanding, market value of asset is given examples of Romo Inc, Fyre Inc & Klington Widgets Inc.

$2.19