Homework Answers
Incorrect. Correct
ROA . 19.35 % . 17.73 %
ROE . 31 %. 28.16%
DEBT RATIO. 0.37 0.38
EPS. $ 4.85 per share. $ 4.41 per share.
all explanation is given below are
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The accounting department of your company has just delivered a draft of the current year's financial...
The accounting department of your company has just delivered a draft of the current year's financial...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as folows of the Year End of the Year 550,000 210,000 40,000 554,000 205,000 49,000 106,800 Liabilises income for the Year Shares Outstanding 22.000 22,000 You discovered that they have not adjusted for estimated bad debt expenses of $9,800. For each of the following ratios, calculate 1. The ratio that would have resulted had the error not been...
The accounting department of your company has just delivered a draft of the current year's financial...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Total Assets Total Liabilities Total Equity Net Income for the Year Common Shares Outstanding Beginning of the Year $550,000 210,000 340,000 End of the Year $612,000 207,000 405,000 99,500 122,000 22.000 22.000 22,000 You discovered that they have not adjusted for estimated bad debt expenses of $9,800. For each of the following ratios, calculate: 1. The...
The accounting department of your company has just delivered a draft of the current year's financial...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Total Assets Total Llabilities Total Equity Net Income for the Year Common Shares Outstanding Beginning of the Year $550,000 210,000 340.000 End of the Year $568.000 201,000 367000 84,500 22.000 22.000 You discovered that they have not adjusted for estimated bad debt expenses of $9,000. For each of the following ratios. calculate 1. The ratio that...
The accounting department of your company has just delivered a draft of the current year's financial...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Beginning of the Year End of the Year Total Assets $550,000 $613,000 Total Liabilities 210,000 217,000 Total Equity 340,000 396,000 Net Income for the Year 84,400 Common Shares Outstanding 22,000 22,000 You discovered that they have not adjusted for estimated bad debt expenses of $7,600. For each of the following ratios, calculate: 1. The ratio that...
The accounting department of your company has just delivered a draft of the current year's financial...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Total Assets Total Liabilities Total Equity Net Income for the Year Common Shares Outstanding Beginning of the Year $550,000 210,000 340,000 End of the Year $562,000 204,000 358,000 21,000 21,000 You discovered that they have not adjusted for estimated bad debt expenses of $8,800. For each of the following ratios, calculate: 1. The ratio that would...
The accounting department of your company has just delivered a draft of the current year's financial...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Beginning of the Year $550,000 210,000 340,000 Total Assets Total Liabilities Total Equity Net Income for the Year Common Shares Outstanding End of the Year $555,000 210,000 345,000 98,600 21,000 21,000 You discovered that they have not adjusted for estimated bad debt expenses of $9,500. For each of the following ratios, calculate: 1. The ratio that...
The accounting department of your company has just delivered a draft of the current year's financial...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Total Assets Total Liabilities Total Equity Net Income for the Year Common Shares Outstanding Beginning of the Year $550,000 210,000 340,000 End of the Year $609,000 213,000 396,000 91,800 21,000 21,000 You discovered that they have not adjusted for estimated bad debt expenses of $7,800. For each of the following ratios, calculate: 1. The ratio that...
The accounting department of your company has just delivered a draft of the current year's financial...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Beginning of the Year End of the Year Total Assets $550,000 $563,000 Total Liabilities 210,000 200,000 Total Equity 340,000 363,000 Net Income for the Year 81,000 Common Shares Outstanding 21,000 21,000 You discovered that they have not adjusted for estimated bad debt expenses of $7,600. For each of the following ratios, calculate: 1. The ratio that...
The accounting department of your company has just delivered a draft of the current year's financial...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Total Assets Total Liabilities Total Equity Net Income for the Year Common Shares Outstanding Beginning of the Year $550,000 210,000 340,000 End of the Year $645,000 212,000 433,000 97,500 21,000 21,000 You discovered that they have not adjusted for estimated bad debt expenses of $9,700. For each of the following ratios, calculate: 1. The ratio that...
The accounting department of your company has just delivered a draft of the current year's financial...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Beginning of the Year End of the Year Total Assets $550.000 $628.000 Total Liabilities 210,000 209,000 Total Equity 340,000 419,000 Net Income for the Year 105,600 Common Shares Outstanding 21,000 21,000 You discovered that they have not adjusted for estimated bad debt expenses of $7,200. For each of the following ratios, calculate: 1. The ratio that...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as folows of the Year End of the Year 550,000 210,000 40,000 554,000 205,000 49,000 106,800 Liabilises income for the Year Shares Outstanding 22.000 22,000 You discovered that they have not adjusted for estimated bad debt expenses of $9,800. For each of the following ratios, calculate 1. The ratio that would have resulted had the error not been...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Total Assets Total Liabilities Total Equity Net Income for the Year Common Shares Outstanding Beginning of the Year $550,000 210,000 340,000 End of the Year $612,000 207,000 405,000 99,500 122,000 22.000 22.000 22,000 You discovered that they have not adjusted for estimated bad debt expenses of $9,800. For each of the following ratios, calculate: 1. The...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Total Assets Total Llabilities Total Equity Net Income for the Year Common Shares Outstanding Beginning of the Year $550,000 210,000 340.000 End of the Year $568.000 201,000 367000 84,500 22.000 22.000 You discovered that they have not adjusted for estimated bad debt expenses of $9,000. For each of the following ratios. calculate 1. The ratio that...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Beginning of the Year End of the Year Total Assets $550,000 $613,000 Total Liabilities 210,000 217,000 Total Equity 340,000 396,000 Net Income for the Year 84,400 Common Shares Outstanding 22,000 22,000 You discovered that they have not adjusted for estimated bad debt expenses of $7,600. For each of the following ratios, calculate: 1. The ratio that...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Total Assets Total Liabilities Total Equity Net Income for the Year Common Shares Outstanding Beginning of the Year $550,000 210,000 340,000 End of the Year $562,000 204,000 358,000 21,000 21,000 You discovered that they have not adjusted for estimated bad debt expenses of $8,800. For each of the following ratios, calculate: 1. The ratio that would...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Beginning of the Year $550,000 210,000 340,000 Total Assets Total Liabilities Total Equity Net Income for the Year Common Shares Outstanding End of the Year $555,000 210,000 345,000 98,600 21,000 21,000 You discovered that they have not adjusted for estimated bad debt expenses of $9,500. For each of the following ratios, calculate: 1. The ratio that...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Total Assets Total Liabilities Total Equity Net Income for the Year Common Shares Outstanding Beginning of the Year $550,000 210,000 340,000 End of the Year $609,000 213,000 396,000 91,800 21,000 21,000 You discovered that they have not adjusted for estimated bad debt expenses of $7,800. For each of the following ratios, calculate: 1. The ratio that...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Total Assets Total Liabilities Total Equity Net Income for the Year Common Shares Outstanding Beginning of the Year $550,000 210,000 340,000 End of the Year $645,000 212,000 433,000 97,500 21,000 21,000 You discovered that they have not adjusted for estimated bad debt expenses of $9,700. For each of the following ratios, calculate: 1. The ratio that...
The accounting department of your company has just delivered a draft of the current year's financial statements to you. The summary is as follows: Beginning of the Year End of the Year Total Assets $550.000 $628.000 Total Liabilities 210,000 209,000 Total Equity 340,000 419,000 Net Income for the Year 105,600 Common Shares Outstanding 21,000 21,000 You discovered that they have not adjusted for estimated bad debt expenses of $7,200. For each of the following ratios, calculate: 1. The ratio that...
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