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

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    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 $__________________.

    © BrainMass Inc. brainmass.com March 4, 2021, 6:18 pm ad1c9bdddf
    https://brainmass.com/business/financial-ratios/values-marketable-securities-retained-earnings-sources-38951

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    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 ...

    Solution Summary

    In two attached files, the calculations and solutions are clearly shown regarding missing values in marketable securities, retained earnings, sources and uses.

    $2.49

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