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please help answer attached asap. With in 45 minutes.. 1. Dawson Company's working capital is $36,700 and its current assets are $85,100. The company's current
please help answer attached asap. With in 45 minutes..
1. Dawson Company's working capital is $36,700 and its current assets are $85,100. The company's current ratio is closest to A B C D 2.32 times 1.43 times 1 time 1.76 times 2. A manufacturing company has a standard quantity of direct materials of 6 pounds per unit at a standard price of $2.20 per pound. In April the actual material price was $2.40 per pound and the company produced 5,500 units. If the company experienced a favorable material quantity variance of $6,600 during the month, the actual quantity of material used was A B C D 30,000 pounds 33,000 pounds 35,750 pounds 36,000 pounds 3. the Madden Company's budgeted income statement for 2007 follows: Sales (80,000 units) $400,000 Direct materials 120,000 Direct labor 80,000 Variable overhead 40,000 Fixed Overhead 60,000 Fixed selling & administrative expenses Net Income $ 80,000 20,000 A flexible budget at 64,000 units would show net income of A B C D $40,000 $48,000 $52,200 $64,000 4. The Icelandic Company reported an adjusted net operating profit after taxes (NOPAT) of $27,550 in 2008. In this year the cost of capital was 16.5% and their adjusted investment was $235,000. The company's economic value added for 2007 was A B C $(11,225) $66,325 $(34,229) D $38,775 The West division of the Thunderbolt Company has invested capital of $800,000. This division incurred $80,000 in interest expense and $30,000 in income tax expense in July. If this division reported a return on investment of 16.5% net operating profit after taxes (NOPAT) must be A B C D $132,000 $145,200 $140,250 $150,150 Fulmer Company's net income in 2008 was $220,000. The company paid preferred dividends of $42,000 and its average common stockholders' equity was $685,000. The company's return on common stockholders' equity for the year was closest to A B C D 32.1% 26% 38.2% 6.1%Step by Step Solution
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