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ACCT 2 0 5 - EXAM # 3 , Part # 1 NOTE: this exam is due by Sunday evening ( 4 / 7 )
ACCT EXAM # Part #NOTE: this exam is due by Sunday evening Problem# : ptsUsing the Internet, find a retailbased public corporation's financial statements and for YEARS calculate the following ratios as we discussed in class Be sure to take the ratios out to at least one decimal point. Be sure to show your work Gross Profit percentage Profit margin on sales Inventory turnover Average number of days in Inventory Current ratioProblem #: ptsIn a MEMO format, provide at least a full onepage, typed conclusion on how your company performed from one year compared to the other year. Would you invest in this company? Why or why not?Be specific, based on your ratios and any other observations.Be sure to review and spellcheck your MEMO.Singlespaced, point fontMEMOTO:FROM:DATE:RE:Problem #: ptsUsing your same Internet company, assume the following:Assume the "total assets" number was a machine purchased on salvage value. year estimated life. Assume your company is a calendar yearend.For the years and ONLY:Required: Using Straightline method, calculate the yearend Depreciation Expenses Using DoubleDeclining Balance method, calculate the yearend Depreciation Expenses Using Sum of the Year's Digits method, calculate the yearend Depreciation Expenses For Straightline only: show the asset's Net Book Value at For Straightline only: assume the machine was sold on for of its original cost.a Show the entry to record the sale of the asset, including any gain or loss on the asset sale
ACCT EXAM # Part #NOTE: this exam is due by Sunday evening Problem# : ptsUsing the Internet, find a retailbased public corporation's financial statements and for YEARS calculate the following ratios as we discussed in class Be sure to take the ratios out to at least one decimal point. Be sure to show your work Gross Profit percentage Profit margin on sales Inventory turnover Average number of days in Inventory Current ratioProblem #: ptsIn a MEMO format, provide at least a full onepage, typed conclusion on how your company performed from one year compared to the other year. Would you invest in this company? Why or why not?Be specific, based on your ratios and any other observations.Be sure to review and spellcheck your MEMO.Singlespaced, point fontMEMOTO:FROM:DATE:RE:Problem #: ptsUsing your same Internet company, assume the following:Assume the "total assets" number was a machine purchased on salvage value. year estimated life. Assume your company is a calendar yearend.For the years and ONLY:Required: Using Straightline method, calculate the yearend Depreciation Expenses Using DoubleDeclining Balance method, calculate the yearend Depreciation Expenses Using Sum of the Year's Digits method, calculate the yearend Depreciation Expenses For Straightline only: show the asset's Net Book Value at For Straightline only: assume the machine was sold on for of its original cost.a Show the entry to record the sale of the asset, including any gain or loss on the asset sale
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