Below Are the Condensed Balance Sheets and Income Statement for the Beltway

question 90

Essay

Below are the condensed balance sheets and income statement for the Beltway Company,Inc.Assume all purchases and sales are on credit.Assuming there were no disposals of fixed assets during 2014,provide the following items for the year ended December 31,2014:
a.Collections from customers
b.Payments to suppliers
c.Insurance premium payment
d.Interest payment
e.Utility payments
f.Wages payment
g.Capital expenditures
Condensed balance sheet December 31,2014

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Definitions:

Stockholders' Equity

Represents the residual interest in the assets of a corporation after deducting its liabilities.

Return on Investment

A profitability metric that measures the gain or loss generated on an investment relative to the amount of money invested.

Operating Assets

Assets required for a company to conduct its daily business operations, including both current and long-term assets.

Margin

The difference between the sales price of a good or service and its cost, expressed as a percentage of the sales price.