1.Selected financial data of Arianna and Beyonc for a recent year as presented here ( in millions).

Arianna Corporation Beyonc, Inc.

Income Statement Data for Year

Net Sales $61,471 $374,526

Cost of Goods Sold 41,895 286,515

Selling and Administrative Expense 16,200 70,847

Interest expense 647 1,798

Other income(expense) 1,896 4,273

Net Income 1,776 6,908

$2,849 $12,731

Balance Sheet Data ( End of Year)

Current Assets $18,906 $47,585

Non- Current Assets 25,654 115,929

Total Assets $44,560 $163,514

Current Liabilities $11,782 58,454

Long Term Debt 17,471 40,452

Total Stockholder's Equity 15,307 64,608

Total Liabilities and Stockholder's Equity $44,560 $163,514

Arianna Corporation Beyonc, Inc.

Beginning -of - Year Balances

Total Assets $37,349 $151,587

Total Stockholder's Equity 15,633 61,573

Current Liabilities 11,117 52,148

Total Liabilities 21,716 90,014

Other Data

Average net Accounts receivables $7,124 $3,247

Average Inventory 6,517 34,433

Net Cash provided by operating activities 4,125 20,354

a.For each company, how would you compute the following ratios:( kindly show your computation )

Current ratio

Accounts receivable turnover

Average collection period

Inventory turnover

Days in inventory

Profit Margin

Asset Turnover

Return on Assets

Return on Common Stockholder's Equity

Debt to Assets Ratio

Times Interest Earned

b.Compare the liquidity, profitability, and solvency of the two companies

2.Incomplete manufacturing costs, expenses and selling data for two different cases are as follows:

CASE

1 2

Direct materials used $ 9,600 $ (g)

Direct Labor 5000 8,000

Manufacturing Overhead 8,000 4,000

Total Manufacturing Costs (a) 16,000

Beginning Work in Process Inventory 1,000 (h)

Ending Work in Process Inventory (b) 3,000

Sales Revenue 24,500 (i)

Sales Discount 2,500 1,400

Costs of goods manufactured 17,000 22,000

Beginning Finished Goods Inventory (c) 3,300

Goods available for sale 20,000 (j)

Cost of Goods Sold (d) (k)

Ending Finished goods inventory 3,400 2,500

Gross Profit (e) 7,000

Operating Expenses 2,500 (l)

Net Income (f) 5,000

a.Indicate the missing amount for each letter

How would you do a condensed cost of Goods sold manufactured schedule for Case 1.