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I am trying to get some help with my review, Thank you!! Problem 3 Without looking recall as many of these ratios as you can.

I am trying to get some help with my review, Thank you!!

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Problem 3 Without looking recall as many of these ratios as you can. Return on Equity = ? Return on Assets = ? Financial Leverage Percentage = ? Net Profit Margin =? Earnings per Share = ? Return on Assets = ? Fixed Asset Turnover = ? Receivables Turnover = ? Inventory Turnover = ? Current Ratio = ? Quick (Acid) Ratio = ? Debt to Equity Ratio = ? Times Interest Earned = ? Price to Earnings Ratio = ? Dividends per Share = ? Problem 2: Below is a comparative balance sheet for Savage Corporation. Prepare a Statement of Cash Flows in good form. Additional information about 2012 transactions and events: (a) Net income was $110,000. (b) Depreciation expense on buildings and equipment was $60,000. (c) Sold equipment with a cost of $50,000 and accumulated depreciation of $30,000 for cash of $17,000. (d) Declared and paid cash dividends of $60,000. (e) Issued a $150,000 long-term note payable for buildings and equipment. (f) Purchased long-term investments for $25,000. (g) Paid $300,000 on the bonds payable. (h) Issued 20,000 shares of $2 par value common stock for $200,000. (i) Purchased land for $260,000. Exam 3 Review Problem 1 Collusion Coin Inc. had the following stock information at the beginning of 2018 . Preferred Stock: 10,000 shares, $50 par value, 10% Common Stock: 50,000 shares, $20 par value Prior to this year Collusion had accumulated earnings of $150,000 that was not distributed in dividends. They earned $300,000 in income to what some would consider questionable ways. During 2018 the following transactions occurred. Prepare journal entries. a.) Collusion issued 2,000 shares of common stock for $45. b.) Collusion purchased $3,500 of inventory on credit. c.) Collusion issued 6,000 shares of preferred stock for $60 d.) Collusion borrowed a $15,000,5% note due 4 years from now e.) Collusion's payroll amounted to the following Salaries and wages earned by employees: $220,000 FICA Taxes (7.65\% of wages): ? Federal Income Taxes: $81,000 Record the entry to record payment to employees f.) Collusion plans to update its infrastructure in the 5 years for a total cost of $70,000. How much will Collusion have to invest now in account paying 8% in order to reach that goal. Investment. .? Cash ? g.) Collusion was involved in a lawsuit last year for being shady. It is highly probable that they will incur $30,000 in damages. It is reasonably possible that $20,000 will occur. It is remote that $10,000 will occur. Lawsuit expense ? Lawsuit liability ? h.) Collusion repurchased 500 shares of its previously issued common stock for $30. i.) Collusion then managed to resell its previously repurchased stock for $35. j.) Collusion then sold its previous repurchased stock for $25. k.) Collusion declared $10,000 in dividends. The date of declaration was July 1s, date of record August 17th, and date of payment October 3ra. Based on these events prepare the stockholders' equity section of the balance sheet

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