One Item Is Omitted in Each of the Following Summaries

question 105

Essay

One item is omitted in each of the following summaries of balance sheet and income statement data for three different sole proprietorships, X, Y, and Z. Determine the amounts of the missing items, identifying each proprietorship by letter. $\begin{array}{lccc}&&\text { Proprietorship }\\&X&Y&Z\\\text { Beginning of the Year: } \\\text { Assets } & \$ 390,000 & \$ 150,000 & \$ 215,000 \\\text { Liabilities } & 240,000 & 105,000 & 168,000 \\\text { End of the Year: } & & & \\\text { Assets } & 450,000 & 175,000 & 195,000 \\\text { Liabilities } & 275,000 & 90,000 & 170,000\\\text { During the Year: }\\\text { Additional investment by the owner }&?&74,000&80,000\\\text { Withdrawals by the owner } & 95,000 & 83,000 & ? \\& 195,000 & ? & 185,000 \\\text { Expenses } & 160,000 & 113,000 & 175,000\end{array}$

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Definitions:

NPVGO

NPVGO (Net Present Value of Growth Opportunities) is a financial metric assessing the value of future investment opportunities, calculated as the net present value of projected cash flows from those investments.

Similar Investments

Investments that share comparable characteristics, risk profiles, or potential returns, facilitating the comparison and portfolio diversification.

Annual Dividend

Annual dividend refers to the total dividend payment a shareholder receives per share of stock owned in a company over the course of a year.

Rate of Return

The outcome, whether gainful or not, of an investment throughout an established period, expressed as a percentage of the investment's purchase cost.