Lilly Inc. reported the following limited financial informat…

Lilly Inc. reported the following limited financial information for 2024: Revenues $69,452 Expenses $75,111 Dividends $0 Ending cash balance $200 Total current liabilities $55,000 Ending retained earnings $80,000 Using ONLY the information provided above, what is your analysis of the financial results of 2024 for the company?

Lilly Inc. had the following balances at 12/31/2024. Cash $2…

Lilly Inc. had the following balances at 12/31/2024. Cash $2,200, Accounts receivable $500, Land $6,300, Buildings $6,000, Accounts payable $600, Notes payable $12,000, Common stock $1,500, Retained earnings $900. What is the maximum amount of dividends that Lilly Inc. can declare and pay at 12/31/2024?

Lilly Inc. is a new company that started operations in 2024….

Lilly Inc. is a new company that started operations in 2024. The 2024 transactions were as follows:    – Issued common stock for $8,000.- Paid $4,000 for 2024 wages.- Customers paid $9,500 for services provided by the company during 2024.- Purchased equipment costing $3,000, financed with a note payable. – Declared and paid dividends, $700. What was total assets 12/31/2024?