Homework Answers
Answer 2
Public Company Accounting Oversight Board role is related to audit of public companies. Hence the job of certifying the competence financial executive does not lie with the board. Hence third option is correct.
Answer 4
Since FIFO is followed first inventory will be sold hence 510 units sold is of $18 and rest 920-510=410 units is of $21.
Hence COGS = 510*18+410*21 = 9180+ 8610=$17790
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SE 13-1--SE 13-5 Cambridge Business Publishers e ments Chapter 13 Analysis and intereson of Financ SHORT...
SE 13-1--SE 13-5
Cambridge Business Publishers e ments Chapter 13 Analysis and intereson of Financ SHORT EXERCISES Use the following financial data for Brenner Instruments to answer Short Exercise 13-1 through 13.10 2019 (Thousands of Dollars, except Earnings per Share) Cost of goods sold. Earrings per share BRENNER INSTRUMENTS, INC. Balance Sheets Dec 31, 2019 Dec 31, 2018 (Thousands of Dollars) Assets $ 18,000 41.000 43,700 102.700 Accounts recebe (ne)... Inventory Total current assets...... Plantas (net)... 45,000 30,500 103,800 52.600...
Submit Save & Exit Chapter 03 Saved Help Check my work 6. BETHESDA MINING COMPANY Balance...
Submit Save & Exit Chapter 03 Saved Help Check my work 6. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Liabilities and Owners' Equity Assets Current assets Cash Current liabilities 10 $ 65,470 $82,487 65,281 $ 186,922 $ 194,611 Accounts payable Notes payable polnts Accounts receivable 85,639 181,549 82,020 133,588 Inventory 116,676 eBook $268,942 $ 328,199 Total Print 349,675 $247,427 $ Total References $ 231,000 $ 167,750 Long-term debt Owners' equity Common...
please type it in computer dont write it by hand For each of the following ratio,...
please type it in computer dont write it by hand
For each of the following ratio, please (1) define, (2) show the formula, and (3) discuss when and how to use it. 1. Current Ratio 2. Quick or Acid-Test Ratio 3. Current Cash Debt Coverage 4. Accounts Receivable Turnover 5. Inventory Turnover 6. Asset Turnover 7. Profit Margin on Sales 8. Return on Assets 9. Return on Common Stockholders' Equity 10. Earnings per Share 11. Price-Earnings Ratio 12. Payout Ratio...
1. Compare the performance of S&S Air to the industry. For each ratio, comment on why...
1. Compare the performance of S&S Air to the industry. For
each ratio, comment on why it might be viewed as positive or
negative relative to the industry. Suppose you create an inventory
ratio calculated as inventory divided by current liabilities. How
do you think S&S Air’s ratio would compare to the industry
average?
Financial analysis calculations:
current ratio = 0.74
quick ratio = 0.39
cash ratio = 0.15
total asset turnover = 2.01
inventory turnover = 27.96
receivables turnover...
Hi need some help Calculating the Liquidity, solvency and profitability of Marriott Intercontinental with the Financial...
Hi
need some help Calculating the Liquidity, solvency and
profitability of Marriott Intercontinental with the Financial
Statement of Year 2012. Please, I would appreciate a brief
description of how was calculated everything to understand the
exercise.
Liquidity Working capital Current ratio Current cash debt coverage Inventory turnover Days in inventory Accounts receivable turnover Average collection period Current assets-Current liabilities Current assets Current liabilities Net cash provided by operating activities Average current liabilities Cost of goods sold Average inventory 365 days...
EXERCISE - CHAPTER 19. RATIOS: From the following Information, compute the ratios indicated and place the...
EXERCISE - CHAPTER 19. RATIOS: From the following Information, compute the ratios indicated and place the proper number in the blanks provided. ASSETS: Cash $10,000 Marketable Securities $15,000 Accounts Receivable, Net $20,000 Inventory $30,000 Prepaid Assets $ 5,000 Property, Plant & Equipment $100,000 Total Assets: $180,000 LIABILITIES & STOCKHOLDERS' EQUITY: Current Liabilities $20,000 Long-Term Liabilities $80,000 Stockholders' Equity $80,000 Total Liabilities & Stockholder's Equity: $180,000 Sales $200,000 Cost of Goods Sold $150.000 Gross Margin $ 50,000 Operating Expense $ 30,000...
The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form,...
The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form, plus some information from the cash flow statement. Balance Sheet 2019 2018 2017 Cash and short-term investments $ 645,992 $ 760,044 $ 749,693 Accounts receivable 47,821 41,810 39,721 Inventory 347,452 397,514 316,208 Other current assets 115,535 118,120 98,788 Total current assets 1,156,800 1,317,488 1,204,410 Long-lived assets 575,332 624,982 571,302 Total assets $ 1,732,132 $ 1,942,470 $ 1,775,712 Current liabilities $ 470,402 $ 450,401 $...
. The Ragin Cajun had an operating income (EBIT of $260,000 last year The firm had...
. The Ragin Cajun had an operating income (EBIT of $260,000 last year The firm had $18,000 in depreciation expenses, $15,000 in interest expenses, and S60,000 in selling, general, and administrative expenses. If the Cajun has a marginal tax rate of 40 percent, what was its net income for last year? 2 Vroom Vroom Motors is in the 40% tax bracket and has preferred stock dividends due of S3,000 and 15,000 common stock shares outstanding. Based on this information, what...
I created a schedule of the ratio analysis with the information given. I am missing three...
I created a schedule of the ratio analysis with the information
given. I am missing three ratios. I need to show work and find:
'Quality of Income' and
'Times interest earned ratio' and
'cash coverage ratio'. Use the photos to
help find those three ratios.
Blue Water Prime Fish Balance sheet: $ 42,100 $ Cash Accounts receivable (net) 19,900 34,300 43,500 Inventory 93,500 46,600 156,500 414,200 Property & equipment (net) Other assets 85,100 316,000 Total assets $ 831,000 $ 420,700...
SE 13-1--SE 13-5
Cambridge Business Publishers e ments Chapter 13 Analysis and intereson of Financ SHORT EXERCISES Use the following financial data for Brenner Instruments to answer Short Exercise 13-1 through 13.10 2019 (Thousands of Dollars, except Earnings per Share) Cost of goods sold. Earrings per share BRENNER INSTRUMENTS, INC. Balance Sheets Dec 31, 2019 Dec 31, 2018 (Thousands of Dollars) Assets $ 18,000 41.000 43,700 102.700 Accounts recebe (ne)... Inventory Total current assets...... Plantas (net)... 45,000 30,500 103,800 52.600...
Submit Save & Exit Chapter 03 Saved Help Check my work 6. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Liabilities and Owners' Equity Assets Current assets Cash Current liabilities 10 $ 65,470 $82,487 65,281 $ 186,922 $ 194,611 Accounts payable Notes payable polnts Accounts receivable 85,639 181,549 82,020 133,588 Inventory 116,676 eBook $268,942 $ 328,199 Total Print 349,675 $247,427 $ Total References $ 231,000 $ 167,750 Long-term debt Owners' equity Common...
please type it in computer dont write it by hand
For each of the following ratio, please (1) define, (2) show the formula, and (3) discuss when and how to use it. 1. Current Ratio 2. Quick or Acid-Test Ratio 3. Current Cash Debt Coverage 4. Accounts Receivable Turnover 5. Inventory Turnover 6. Asset Turnover 7. Profit Margin on Sales 8. Return on Assets 9. Return on Common Stockholders' Equity 10. Earnings per Share 11. Price-Earnings Ratio 12. Payout Ratio...
1. Compare the performance of S&S Air to the industry. For
each ratio, comment on why it might be viewed as positive or
negative relative to the industry. Suppose you create an inventory
ratio calculated as inventory divided by current liabilities. How
do you think S&S Air’s ratio would compare to the industry
average?
Financial analysis calculations:
current ratio = 0.74
quick ratio = 0.39
cash ratio = 0.15
total asset turnover = 2.01
inventory turnover = 27.96
receivables turnover...
Hi
need some help Calculating the Liquidity, solvency and
profitability of Marriott Intercontinental with the Financial
Statement of Year 2012. Please, I would appreciate a brief
description of how was calculated everything to understand the
exercise.
Liquidity Working capital Current ratio Current cash debt coverage Inventory turnover Days in inventory Accounts receivable turnover Average collection period Current assets-Current liabilities Current assets Current liabilities Net cash provided by operating activities Average current liabilities Cost of goods sold Average inventory 365 days...
EXERCISE - CHAPTER 19. RATIOS: From the following Information, compute the ratios indicated and place the proper number in the blanks provided. ASSETS: Cash $10,000 Marketable Securities $15,000 Accounts Receivable, Net $20,000 Inventory $30,000 Prepaid Assets $ 5,000 Property, Plant & Equipment $100,000 Total Assets: $180,000 LIABILITIES & STOCKHOLDERS' EQUITY: Current Liabilities $20,000 Long-Term Liabilities $80,000 Stockholders' Equity $80,000 Total Liabilities & Stockholder's Equity: $180,000 Sales $200,000 Cost of Goods Sold $150.000 Gross Margin $ 50,000 Operating Expense $ 30,000...
. The Ragin Cajun had an operating income (EBIT of $260,000 last year The firm had $18,000 in depreciation expenses, $15,000 in interest expenses, and S60,000 in selling, general, and administrative expenses. If the Cajun has a marginal tax rate of 40 percent, what was its net income for last year? 2 Vroom Vroom Motors is in the 40% tax bracket and has preferred stock dividends due of S3,000 and 15,000 common stock shares outstanding. Based on this information, what...
I created a schedule of the ratio analysis with the information
given. I am missing three ratios. I need to show work and find:
'Quality of Income' and
'Times interest earned ratio' and
'cash coverage ratio'. Use the photos to
help find those three ratios.
Blue Water Prime Fish Balance sheet: $ 42,100 $ Cash Accounts receivable (net) 19,900 34,300 43,500 Inventory 93,500 46,600 156,500 414,200 Property & equipment (net) Other assets 85,100 316,000 Total assets $ 831,000 $ 420,700...
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