Question:

Please use the following link to access financial data for the problems

http://ww2.capsim.com/cgi-bin/CpCGIReports2011.exe?&&&|AnnReport

1.Which mission statement best represents the Chester company?

A.Consistency and affordability are our goals. Our central mission is to offer dependable, low-price products that our customers can count on.

B.Providing value to our customers is why we get up in the morning. We accomplish this by offering products at a low price our customers can afford across a wide variety of market segments.

C.Lasting innovation is our motivation. We build premium products that are elegantly designed to meet the needs of a variety of market segments.

D.Innovation meets revolution. We create value for our customers through breakthrough designs that lead to unique high-performance products.

2.Review the Inquirer to determine Digby's current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Digby would be most likely to pursue.(Select 5 answers)

A.Add additional products

B.Offer attractive credit terms

C.Seek the lowest price in their target market while maintaining a competitive contribution margin

D.Increase demand through TQM initiatives

E.Reduce cost of goods through TQM initiatives

F.Reduce labor costs through training and recruitment

G.Seek excellent product designs, high awareness, and high accessibility

H.Seek high automation levels

I.Seek high plant utilization, even if it risks occasional small stockouts

J.Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand

3.The Andrews Company has just purchased $65,425,430 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $6,542,543. What will the depreciation expense for this purchase (exclude all other plant and equipment) be for the second year of use? (Use FASB GAAP)

A.$7851052 B.$3925526 C.$4361695 .$8723391

4.Last year the Baldwin company increased their equity. In 2015 their equity was $49,468. Last year (2016) it increased to $53,422. What are causes of change in equity? Check all that apply.(Select three)

A.A bond issue of$1,308

B.An accounts payable change of$1,984

C.A change of plant and equipment of$9,580

D.Dividend payment of$7,169.

E.Depreciation of -$41,287

F.A change in cash of -$1,964.

G.Issue and retirement of stock

H.Profits of $12,662

I.A change in short term debt of-$4,147.

J.Change in inventory of-$1,102.

K.Plant Improvements of $9,580

5.What is the Current Ratio of Chester?

A.1.56 B.0.46 C.0.64 D.4.15

6.Baldwin has a ROA of 0.13 (ROA = Net income/Total Assets). That means:

A.Baldwin uses $0.13 of each dollar earned to purchase assets.

B.Every dollar of Baldwin's assets result in earnings of $0.87.

C.Baldwin uses $0.87 of each dollar earned to purchase assets.

D.Every dollar of Baldwin's assets result in earnings of $0.13.

7.Midyear on July 31st, the Andrews Corporation's balance sheet reported: Total Liabilities of $67.198 million Cash of $4.020 million Total Assets of $92.631 million Retained Earnings of $19.453 million. What was the Andrews Corporation's common stock?

A.$44.886 million B.$10.000 million C. $48.906 million D.$5.980 million