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    1. QUESTION

     

    The following (given in scrambled order) are accounts and balances from the accounting records of Alleg, Inc., as of December 31, 2012, after the books were closed for the year.

    Common stock, authorized 21,000 share
    At $1 par value, issued 12,000 Shares
    $12,000

    Additional paid-in capital

    38,000

    Cash

    14,000

    Marketable securities

    17,000

    Accounts receivable

    26,000

    Accounts Payable

    16,000

    Current maturities of long-term debt

    11,000

    Mortgages payable

    80,000

    Bonds payable

    65,000

    Inventory

    33,000

    Land and buildings

    57,000

    Machinery and equipment

    120,000

    Goodwill

    13,000

    Patents

    9,000

    Other assets

    45,000

    Deferred income taxes (long-term liability)

    18,000

    Retained earnings

    33,000

    Accumulated depreciation

    61,000

    Bonds and mortgages generally have 10-30 years until maturity. Marketable securities are short-term investments that can be converted to cash in a matter of minutes.

    Required:

    Prepare a classified balance sheet with a proper heading on a spreadsheet. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets. For liabilities, use the classifications of current liabilities and long-term liabilities.
    Compute the total asset turnover rate assuming that total revenues in 2012 were $682,500. Round to the nearest hundredth, e.g., 3.33.
    Assume that Alleg’s primary competitor has an asset turnover of 2.12. What does this tell you about Alleg’s asset management?
    Ensure your work is accurate

 

Subject Business Pages 2 Style APA

Answer

Alleg, Inc.,

Balance Sheet for the year Ended

December 31, 20XX

Assets

Cash

14,000

Marketable Securities

17,000

Ratios

Accounts Receivable

26,000

 

Revenues/total Assets

Inventory

33,000

 

273,000

90,000

 

682,500

Intangible Assets

 

Goodwill

13,000

 

682,500/273,000

Patents

9000

 

2.5

Total Current Assets

112,000

 

Non-Current Assets

 

Land & Building

57,000

 

Machinery & Equip (120,000 – 61,000)

59,000

 

Other assets

45000

 

Total Assets

273,000

 

 

Liabilities

Accounts payable

16,000

Deferred tax liabilities

18,000

Current Maturities

11,000

Mortgages

80,000

Total Current Liabilities

125,000

Long Term Assets

Bonds Payable

65,000

Total Liabilities

190,000

Stockholders Equity

Common Stock

12,000

Additional

38,000

Retained Earnings

33,000

Total Stockholders equity

83,000

Total Stockholders equity & Liability

273,000

 

Asset Turnover ratio

 

Total Assets

 

Total revenues

 

 

Asset turnover =

 

 

 

 

Assuming that allleg’s competitor has an asset turnove of 2.2, it means that

Alleg is more efficient in its asset management and its earnings per each dollar

invested in total asset is more than its competitor as its turnover is 2.5 compared to

its competitors 2.2.

 

References

 

 

 

 

 

 

 

 

 

 

 

 

 

Appendix

Appendix A:

Communication Plan for an Inpatient Unit to Evaluate the Impact of Transformational Leadership Style Compared to Other Leader Styles such as Bureaucratic and Laissez-Faire Leadership in Nurse Engagement, Retention, and Team Member Satisfaction Over the Course of One Year

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