Share
Explore BrainMass

Solve for missing values in marketable securities, retained earnings, sources, uses

See attached file to view the table.

1. Solve for the missing values then show the firms sources and uses of funds. Briefly interpret your findings. The firms total asset turnover ratio is 5 for both years. In the first year, the year labeled Beg Balance, the firm had total revenues of $625,000 and during the second year, labeled end balance the firm had total revenues of $605,000. There are no other balance sheet items.)

Beg Balance Sheet End Balance Sheet
Cash $20,000 $22,000
Accounts Rec. 16,000 15,000
Marketable Securities ??? 19,000
Inventories 26,000 25,000
Fixed Assets 42,000 40,000
Current Liabilities 15,000 9,000
Long Term Liabilities 54,000 55,000
Common Stock 20,000 20,000
Surplus 20,000 20,000
Retained Earnings ??? ???

1. Beg Balance Marketable Securities $__________________
Beg Balance Retained Earnings $_____________________
End Balance Retained Earnings $_____________________
Sources / Uses of Funds: (circle source or use and fill in the account name and the amount of the source or use)
Account ________________ source / use $_________________
Account ________________ source / use $_________________
Account ________________ source / use $_________________
Account ________________ source / use $_________________
Account ________________ source / use $_________________
Account ________________ source / use $_________________
Account ________________ source / use $_________________
Account ________________ source / use $_________________
Total Sources of funds $________________
Total Uses of funds $__________________

Attachments

Solution Summary

In two attached files, the calculations and solutions are clearly shown.

$2.19