subject
Business, 18.06.2020 21:57 OzzyDaGod

Use the following information to answer this question. Bayside, Inc. 2010 Income Statement ($ in thousands)Net sales$ 6,020Less: Cost of goods sold4,240Less: Depreciation325Earnings before interest and taxes$ 1,455Less: Interest paid29Taxable Income$ 1,426Less: Taxes499Net income$ 927Bayside, Inc. 2009 and 2010 Balance Sheets ($ in thousands) 2009201020092010Cash$ 80$ 185Accounts payable$ 1,445$ 1,745Accounts rec.940780Long-term debt760550Inventory1,5602,010Common stock$ 3,125$ 3,020Total$ 2,580$ 2,975Retained earnings8201,070Net fixed assets3,5703,410Total assets$ 6,150$ 6,385Total liab. & equity$ 6,150$ 6,385What is the equity multiplier for 2010?0.522.112.041.041.56

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 11:20
In 2000, campbell soup company launched an ad campaign that showed prepubescent boys offering soup to prepubescent girls. the girls declined because they were concerned about their calorie intake. the boys explained that ā€œlots of campbellā€™s soups are low in calories,ā€ which made them ok for the girls to eat. the ads were pulled after parents expressed concern. why were parents worried? i
Answers: 2
question
Business, 22.06.2019 15:20
Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."
Answers: 3
question
Business, 22.06.2019 17:20
Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?
Answers: 1
question
Business, 22.06.2019 18:30
Afarmer is an example of what kind of producer?
Answers: 2
You know the right answer?
Use the following information to answer this question. Bayside, Inc. 2010 Income Statement ($ in tho...
Questions
question
History, 21.11.2020 02:00
question
History, 21.11.2020 02:00
question
English, 21.11.2020 02:00
question
Geography, 21.11.2020 02:00
question
English, 21.11.2020 02:00