Examlex

Solved

Presented Below Are Condensed Data from the Financial Statements of Gallo

question 160

Essay

Presented below are condensed data from the financial statements of Gallo Factory for 2017 and 2016.The figures are expressed in thousands.Use this information to answer the questions that follow.

 Statement A 20172016 Total current assets $82,309$80,080 Property, plant, and equipment  (net of accumulated depreciation) 63,45162,724 Investments 3031,061 Other assets 3,4382,606 Total assets $149,501$146,471 Total current liabilities $33,928$28,668 Long-term debt 20,49125,676 Deferred income taxes and contingencies 4,1745,208 Total liabilities $58,593$59,552 Total stockholders’ equity $90,908$86,919 Total liabilities and stockhol ders’ equity $149,501$146,471 Statement B 20172016 Net sales $209,203$174,206 Cost of sales 136,225114,284 Gross profit $72,978$59,922 Selling, general, and administrative expenses 63,89553,520 Other income (expense) 693(118) Income (loss) before income taxes $9,776$6,284 Income tax expense $3,534$3,388 Net income (loss) 6,242$3,896\begin{array}{lrr}\text { Statement A }&2017&2016\\\\\text { Total current assets } & \$ 82,309 & \$ 80,080 \\\text { Property, plant, and equipment } & & \\\text { (net of accumulated depreciation) } & 63,451 & 62,724 \\\text { Investments } & 303 & 1,061 \\\text { Other assets } & 3,438 & 2,606\\\text { Total assets }&\$149,501&\$146,471\\\\\text { Total current liabilities } & \$ 33,928 & \$ 28,668 \\\text { Long-term debt } & 20,491 & 25,676 \\\text { Deferred income taxes and contingencies } & 4,174 & 5,208 \\\text { Total liabilities } & \$ 58,593 & \$ 59,552 \\\text { Total stockholders' equity } & \$ 90,908 & \$ 86,919 \\\text { Total liabilities and stockhol ders' equity } & \$ 149,501 & \$ 146,471 \\\\\text { Statement B }&2017&2016\\\text { Net sales } & \$ 209,203 & \$ 174,206 \\\text { Cost of sales } & 136,225 & 114,284 \\\text { Gross profit } & \$ 72,978 & \$ 59,922 \\\text { Selling, general, and administrative expenses } & 63,895 & 53,520 \\\text { Other income (expense) } & 693 & (118)\\\text { Income (loss) before income taxes } & \$ 9,776 & \$ 6,284 \\\text { Income tax expense } & \$ {3,534} & \$ 3,388 \\\text { Net income (loss) } &{6,242}&{\$ 3,896}\end{array}
-
Required: How much of Gallo Factory is financed by owners at the end of December 2017?

Recognize the process and target of pharmacological interventions for mental health disorders.
Differentiate between the foundations of behavioral, cognitive-behavioral, and psychodynamic therapies.
Understand the role of the therapist-patient relationship in the efficacy of therapy.
Identify the characteristics and applications of dialectical behavior therapy.

Definitions:

Secondary Appraisal

The process of evaluating one's ability to cope with or manage the consequences of a stressful event after initially recognizing it as a threat or challenge.

Stressor

Any stimulus that causes stress, invoking a physical, chemical, or emotional response.

Threat

A perceived danger or risk, posing a potential harm or negative outcome to someone or something.

Second-hand Smoke

Smoke that is not directly inhaled from a burning tobacco product but is breathed in from the environment, posing health risks to nonsmokers.

Related Questions