Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

this question has 8 parts, i have added all of them, please help me! Balance Sheet Cash Accounts Receivable, Net Inventory Property and equipment, Net

this question has 8 parts, i have added all of them, please help me! image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Balance Sheet Cash Accounts Receivable, Net Inventory Property and equipment, Net $ 48,091 14,980 31,000 40,000 33,00032,000 83,00093,000 2 011435 Total Assets $195,091 $179,980 Accounts Payable Income Taxes Payable Note Payable, Long-Term $31,871$27640 440 34,00034,000 940 66,811: 62,080 Contributed Capital (9,100 shares) 91,000 91,000 Total Liabilities Retained Earningst Total Liabilities and Shareholders s 37,28026,900 195.o91 $179,980 Equity 6 1 * One-half of all sales are on credit t During 2014, cash dividends amounting to $6,000 were declared and paid Required: 1-a. Compute the gross profit percentage in 2014 and 2013. (Round your answers to 1 decimal place.) 011415 2014 2013 1-b. Is the trend going in the right direction? O Yes O No Prev 61 of 61 Type here to search 2-a. Compute the net profit margin for 2014 and 2013. (Round your answers to 1 decimal place.) 61 2014 2013 0114:04 2-b. Is the trend going in the right direction? O No O Yes 3-a. Compute the earnings per share for 2014 and 2013. (Round your answers to 2 decimal places.) K Prev 61 of 61 N Et O Type here to search 3-a. Compute the earnings per share for 2014 and 2013. (Round your answers to 2 decimal places.) Ea per 01:13:48 2014 3 2013 3-b. Does the trend look good or bad? O Good O Bad 4-a. Shareholders equity totalled $100,000 at the end of 2012. Compute the return orn equity (ROE) ratios for 2014 and 2013. (Round your answers to 1 decimal place.) Prev61 of 61 0 61 4-a. Shareholders' equity totalled $100,000 at the end of 2012 Cormpute the return on equity (ROE) ratios for 2014 and 2013. (Round your answers to 1 decimal place.) on 0113372014 2013 4-b. Is the trend going in the right direction? O Yes O No 5-a. Net property and equipment totalled $98.000 at the end of 2012 Compute the fixed asset turnover ratios for 2014 and 2013 (Round your answers to 2 decimal places) K Prev61 of 61 here to search 5-a. Net property and equipment totalled $98.000 at the end of 2012 Compute the fixed asset turnover ratios for 2014 and 2013. (Round your answers to 2 decimal places) 2 2014 2013 5-b. Is the trend going in the right direction? O Yes O No 6-a. Compute the debt-to-assets ratios for 2014 and 2013. (Round your answers to 2 decimal places.) K Pre 61 of 61 Type here to search 6-a. Compute the debt-to-assets ratios for 2014 and 2013. (Round your answers to 2 61 decimal places.) 2 2014 2013 01.13.10 s debt providing financing for a larger or smaller proportion of the company's asset 6-b: growth? O Smaller proportion O Larger proportion Next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

AML Auditing Understanding Transaction Monitoring

Authors: Bob Walsh

1st Edition

1539519740, 978-1539519744

More Books

Students also viewed these Accounting questions