Could you help me with the last 2 assignments I have. 1 homework and 1 quiz. Thank you so much for all of your help prior, I absolutely couldn't have done it without you! you have been my hero. Thanks again.

Question 1 The times interest earned ratio reflects the ability of a company to make interest payments. True False Question 2 Trend percentages emphasize changes that have occurred over a period of time. True False Question 3 In evaluating a company, the financial analyst must be alert to the economic climate in which that company operates, the general economic conditions in the country, regional conditions, and conditions in the industry and related industries. True False Question 4 Ratios are simply a way of expressing data as logical relationships within or between financial statements. True False Question 5 Expressing the change in net sales from one period to the next in both absolute and percentage terms is an example of horizontal analysis. True False Question 6 The gross margin amounts for Blue Co. were $40,000, $44,000, and $50,000, respectively, for the years 2010 through 2012. If 2010 is the base year for a trend analysis, the appropriate percentages for 2011 and 2012 are: A. 220% and 250%. B. 10% and 25%. C. 110% and 125%. D. 22% and 25%. Question 7 The accounts receivable turnover ratio measures (select the best answer): A how rapidly a company pays its obligations. . B. how rapidly the accounts receivable are collected. C. how rapidly uncollectible accounts are written off. D The other answers are all incorrect. . Question 8 The information gained from an analysis of financial statements has its greatest value in assisting the user in making predictions. True False Question 9 Common-size statements show only period-to-period percentage changes in financial statement items. True False Question 10 You are given the following information: Income before interest and taxes Less: Interest expense Balance Less: Taxes (at 40% rate) Income after taxes Less: Preferred dividends Income available to common stockholders $600,000 (45,000) $555,000 (222,000) $333,000 (15,000) $318,000 The number of times interest was earned is: A. 7.40 B. 33.33 C. 13.33 D. 12.33 Question 11 Outside parties use financial statement analysis for: A. assessing the results of past management performance. B. assisting in decisions on investing. C. assisting in decisions on extending credit. D. All of the above answers are correct. Question 12 Whether a given common stock is said to be relatively high priced or low priced depends at least partially on its earnings per share. True False Question 13 The stockholders' equity to debt ratio is a measure of the corporation's: A. ability to stimulate the growth of business debt. B. long-term solvency. C. ability to generate profit. D. ability to do all of the other answers. Question 14 Earnings per share of common stock is a measure of the per share: A. profit after taxes. B. dividend distribution. C. profit before interest and taxes. D. earnings available to common stockholders. Question 15 The two elements used in determining the rate of return on operating assets are: A. net income and operating assets. B. net operating income and operating assets. C. net operating income and turnover of operating assets. D. net income and turnover of operating assets. Question 16 In evaluating a company, the financial analyst must be sure that any data and techniques being used are comparable. True False Question 17 Percentages in financial analysis are useful for comparison purposes, but actual dollar amounts are often necessary to make financial judgments. True False Question 18 Comparative financial statements are statements in which figures for a single company are presented for each of two or more periods. True False Question 19 Assuming relatively stable business conditions, a decline in the average number of day's sales in accounts receivable outstanding from one year to the next might indicate: A. a longer discount period and a more distant due date were extended to customers in the second year. B. a significant decrease in sales in the second year. C. a stiffening of the company's credit policies. D. that the second year's sales were made at lower prices than the first year's sales. Question 20 You are given the following information: Income before interest expense and taxes Less: Interest expense Income before federal income taxes Less: Taxes (at 40% rate) Net income Less: Preferred dividends Earnings available for common stockholders The number of times the interest is earned is: A. 12.5 B. 25.5 $500,000 40,000 $460,000 184,000 $276,000 30,000 $246,000 C. 4.6 D. 11.5 Question 21 The following selected data are taken from the Blake Company's accounts: Sales in 2012 Cost of goods sold in 2012 Accounts receivable, 12/31/12 Accounts receivable, 1/1/12 Inventory, 1/1/12 Inventory, 12/31/12 $714,000 432,000 484,000 440,000 260,000 140,000 The inventory turnover rate is: A. 1.66 B. 2.16 C. 1.35 D. 3.57 Question 22 A company that has favorable financial leverage is using debt or preferred stock to magnify the earnings per share on common stock. True False Question 23 According to the Grafton Furniture Profit video, how much profit margin leakage was Grafton furniture experiencing because of inefficiencies like mistakes, do-overs, and poor workflow? 20% 30% 50% 70% Question 24 According to the Grafton Furniture Profit video, how much additional gross profit does Marcus expect to earn from all 4 accent chairs combined that offered in the Quick-ship line in 1 year? $500,000 $250,000 $1,000,000 $750,000 Question 25 According to the Grafton Furniture Profit video, in order to prevent future quality issues, Marcus gives Stephan what to mark furniture that meets quality standards and is ready to ship? Green ribbons Approval stamp Pink slips Yellow dots Question 26 According to the Grafton Furniture Profit video, how much does Marcus estimate that he spent to renovate Grafton furniture including the costs of the new roof, air conditioner, design center, and employee lunch room? $150,000 $1,000,000 $500,000 $700,000 Question 27 According to the Grafton Furniture Profit video, third generation businesses have what fail rate according to Marcus? 30% 70% 60% 90% Question 28 What does Marcus say is the industry average gross margin for custom furniture? 90% 70% 50% 25% Question 29 According to the Grafton Furniture Profit video, which is not one of the 4 types of accent chairs Marcus asks Stephan to design? California Florida Midwest Southwest East Coast Question 30 According to the Grafton Furniture Profit video, what large, national retailer does Marcus pitch to carry the new line of chairs? Ashley Furniture Camping World DirectBuy WalMart 1.) Jiffy T-shirts uses the allowance method for accounts receivable. The Allowance for Doubtful Accounts has a $875 debit balance. The current aging of accounts receivables and allowance for doubtful accounts percents are provided below. Days Past Due Current 1 to 30 days 31 to 60 days 61 to 90 days Over 90 days Total Accts Receivable Amount Allowance % 85,000 26,000 42,000 4,800 2,500 160,300 1% 5% 8% 15% 35% a) Fill in the missing entries in the table, then use to calculate Ending Allowance for Doubtful Accounts and Bad Debt Expense. Days Past Due Amount Allowance % Current 85,000 1% 1 to 30 days 26,000 5% 31 to 60 days 42,000 8% 61 to 90 days 4,800 15% Over 90 days 2,500 35% Total Accts Receivable 160,300 Ending Allowance for Doubtful Accounts: $ Bad Debt Expense: $ Allowed Amount b) Prepare the Dec 31 Journal entry to record bad debt expense Date Description Debit Credit Dec 31 c) Post your entry to the T-accounts Bad Debt Expense Allowance for Doubtful Accounts 2.) Some Company uses the allowance method for handling receivables. Total Sales for the year were $1,000,000 ($675,000 credit sales and $325,000 cash sales). The unadjusted balance for Accounts Receivable was is $97,000 debit balance and Allowance for Doubtful Accounts $1,925 DEBIT balance. For each unrelated situation below, provide the Dec 31 adjusting entry for Bad Debt Expense, post the entry to T-accounts, and show how accounts receivable would appear on the balance sheet. a) Some company estimates that 3% of credit sales will be uncollectible. Date Description Debit Credit Dec 31 Bad Debt Expense Allowance for Doubtful Accounts Accounts Receivable Less: Allowance for Doubtful Accounts Accounts Receivable, Net b) Some Company estimates that 8% of accounts receivable will be uncollectible. Date Description Debit Credit Dec 31 Bad Debt Expense Allowance for Doubtful Accounts Accounts Receivable Less: Allowance for Doubtful Accounts Accounts Receivable, Net 3.) Mini Microphones accepts a $20,000, 6% interest, 90 day note in payment of a past due accounts receivable on June 1. a) Record the journal entry required on June 1. Date Description Debit Credit June 1 b) What is the maturity date? Number of days in Note - Days remaining in June - Days remaining in July Days left in August Maturity date: c) The note is paid at maturity. Record the journal entry required. Date Description Debit Credit Maturit y 4.) n November 30, ABC corporation borrows $70,000 from the bank by signing a 60 day, 8% note agreement. Round values to 2 decimal places. a) Calculate the maturity date of the note. b) Calculate the interest that should be accured on this note at December 31st and write the journal entry to record the accrual. Date 12/31 Description Debit Credit Date Description Debit Credit to accrue interest on note to bank c) Write the journal entry required on the maturity date of the note assuming ABC corporation pays as agreed. Date Description Debit Credit Maturity Date to record the payment of the note at maturity 5.) Knighthood Inc. issued 12,000 shares of common stock. Prepare entries to record each of the following independent situations related to this issue of stock. a) Stock issued for $25 cash per share when par value was $10 per share. Dat e Description Debit Credit b) Stock issued in exchange for equipment costing $9,000 when the stock had no par or stated value. Dat e Description Debit Credit c) Stock issued for $14000 cash when the stock had a stated value of $1 per share. Dat e Description Debit Credit 6.) Egyptian Enterprises has both common and preferred stock. There are 100,000 shares of $1 par common stock outstanding and 5,000 shares of $9 par, 7% cumulative preferred stock outstanding. The company did not pay any dividends in 2015. Distribute dividends to each class of stockholders using the following information: Year Dividends Declared 2016 $5,500 2017 $5,000 2018 $5,500 Year 2016 2017 2018 Preferred Common