ACCT 212 Chapter : Williams-Sonoma_Inc_-_Form_10-K(Mar-30-2017)notes

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amramr328

25 Mar 2023

School

Liberty University

Department

Accounting

Course

ACCT 212

Professor

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Document Summary

Preferred stock: $. 01 par value; 7,500 shares authorized; none issued. Common stock: $. 01 par value; 253,125 shares authorized; 87,325 and 89,563 shares issued and outstanding at january 29, 2017 and january 31, 2016, respectively. Treasury stock - at cost: 20 and 29 shares as of january 29, 2017 and. Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: Repayments of borrowings under revolving line of credit. Effect of exchange rates on cash and cash equivalents. Net increase (decrease) in cash and cash equivalents. Cash and cash equivalents at beginning of year. Cash and cash equivalents at end of year. Cash paid during the year for income taxes, net of refunds. Purchases of property and equipment not yet paid for at end of year (,806. 00) (,862. 00) Total number of shares purchased as part of a publicly announced. Maximum dollar value of shares that may yet be purchased under the program.

Related Questions

Common-Size Balance Sheets

Following is the balance sheet for Target Corporation. Prepare Targetâs common-size balance sheets as of January 31, 2015 and February 1, 2014.
(Round your answers to one decimal place.)

($ millions)	January 31, 2015	February 1, 2014
Assets
Cash and cash equivalents	$2,210	$670
Inventory	8,790	8,278
Other current assets	3,087	2,625
Total current assets	14,087	11,573
Property and equipment, net	25,958	26,412
Other noncurrent assets	1,359	6,568
Total assets	$41,404	$44,553
Liabilities and shareholdersâ investment
Accounts payable	$7,759	$7,335
Accrued and other current liabilities	3,886	4,299
Current portion of long-term debt and notes payable	91	1,143
Total current liabilities	11,736	12,777
Long-term debt	12,705	11,429
Deferred income taxes	1,321	1,349
Other noncurrent liabilities	1,645	2,767
Total shareholdersâ investment	13,997	16,231
Total liabilities and shareholdersâ investment	$41,404	$44,553

TARGET CORPORATION Common-Size Balance Sheets
	2015	2014

Cash and cash equivalents	Answer%	Answer%
Inventory	Answer%	Answer%
Other current assets	Answer%	Answer%
Total current assets	Answer%	Answer%
Property and equipment, net	Answer%	Answer%
Other noncurrent assets	Answer%	Answer%
Total assets	Answer%	Answer%

Accounts payable	Answer%	Answer%
Accrued and other current liabilities	Answer%	Answer%
Current portion of long-term debt and notes payable	Answer%	Answer%
Total current liabilities	Answer%	Answer%
Long-term debt	Answer%	Answer%
Deferred income taxes	Answer%	Answer%
Other noncurrent liabilities	Answer%	Answer%
Total shareholdersâ investment	Answer%	Answer%
Total liabilities and shareholdersâ investment	Answer%	Answer%

Hocking Corporation's comparative balance sheet appearsbelow:

	Ending Balance	Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$62,500	$29,100
Accounts receivable	25,000	30,500
Inventory	68,000	65,500
Prepaid expenses	13,000	15,500
Total current assets	168,500	140,600
Property, plant and equipment	367,000	344,000
Loss accumulated depreciation	166,000	142,000
Net property, plant, and equipment	201,000	202,000
Total assets	$369,500	$342,600

Liabilities and Stockholder's Equity:
Current liabilities:
Accounts payable	$17,500	$13,200
Accrued liabilities	65,500	55,000
Income taxes payable	54,500	51,200
Total current liabilities	137,500	119,400
Bonds payable	83,200	85,200
Total liabilities	220,700	204,600
Stockholder's equity:
Common stock	31,800	30,000
Retained earnings	117,000	108,000
Total stockholder's equity	148,800	138,000
Total liabilities and stockholder's equity	$369,500	342,600

The company's net income (loss) for the year was $11,000 and itscash dividends were $2,000. It did not sell or retire any property,plant, and equipment during the year. The company uses the indirectmethod to determine the net cash provided by operatingactivities.

The company's net cash provided by operating activities is:

$61,100

$48,800

$58,600

$26,500

amethystbear981

5) MC Qu. 67 Swinger Corporations comparative ...

Swinger Corporation's comparative balance sheet appears below:

	Ending Balance	Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$47,000	$31,000
Accounts receivable	23,000	22,000
Inventory	66,000	64,000
Total current assets	136,000	117,000
Property, plant, and equipment	356,000	338,000
Less accumulated depreciation	184,000	161,000
Net property, plant, and equipment	172,000	177,000
Total assets	$308,000	$294,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$17,000	$16,000
Accrued liabilities	43,000	44,000
Income taxes payable	63,000	61,000
Total current liabilities	123,000	121,000
Bonds payable	83,000	80,000
Total liabilities	206,000	201,000
Stockholders' equity:
Common stock	27,000	24,000
Retained earnings	75,000	69,000
Total stockholders' equity	102,000	93,000
Total liabilities and stockholders' equity	$308,000	$294,000

The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $10,000. The net cash provided by operating activities is:

A)$36,000

B)$32,000

C)$28,000

D)$34,000

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ACCT 212 Chapter : Williams-Sonoma_Inc_-_Form_10-K(Mar-30-2017)notes

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