Un by the Rolling Department.. multion, the ending work in process inventory, and the HOW ME HOW BE 17-7 Process cost journal entries In July, the cost of materials transferred into the Rolling ment of Oak Ridge Steel Company is $432,000 ing Department is $144,150 ($54,700 factory overhe total cost transferred to Finished Goods for the had a beginning inventory of $80,000. Obj. 3 into the Rolling Department from the Casting Depart- Pany is $432,000. The conversion cost for the period in the Roll- 700 factory overhead applied and $89,450 direct labor). The Ished Goods for the period was $553,750. The Rolling Department A. Journalize (1) the cost of transferred-in materials, (2) the c d-in materials, (2) the conversion costs, and (3) the costs transferred out to Finished Goods. S. B. Determine the balance of Work in Process Rolling at the end of the period History Bookmarks People Tab Window Help eachir X H Thu. + wom/lr/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator:&inprogress-false eBook Show Me How Calculator Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 2015: December 31 2017 2016 2015 Total assets $4,800,000 $4,400,000 $4,000,000 Notes payable (8% interest) 2,250,000 2,250,000 2,250,000 Common stock 250,000 250,000 250,000 Preferred 4% stock, $100 par (no change during year) 500,000 500,000 500,000 Retained earnings 1,574,000 1,222,000 750,000 The 2017 net income was $372,000, and the 20Y6 net income was $492,000. No dividends on common stock were declared between 2015 and 2047. Preferre declared and paid in full in 2046 and 2017. a. Determine the return on total assets, the rate earned on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017 decimal place 2017 2016 Return on total assets Rate earned on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that Vidahill Inc.'s profitability has Because the rate of return on common stockholders' equity the rate earned on total assets in both years, there is leverage from the use of debt. Check My Work Previous Email Instructor Save and Exit Submit Assignme People Tad Window Help + Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Ratio of Uabilities to Stockholders' Equity and Number of Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Previous Year Accounts payable $924,000 $800,000 Current maturities of serial bonds payable 200,000 200,000 Serial bonds payable, 10% 1,000,000 1,200,000 Common stock, $10 par value 250,000 250,000 Pald-in capital in excess of par 1,250,000 1,250,000 Retained earnings 860,000 500,000 The income before income tax was $480,000 and $420,000 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round to one decimal place. Current year Previous year b. Determine the times interest earned ratio for both years. Round to one decimal place. Current year Previous year and the number of times bond interest charges were earned Income before income taxes and C. The ratio of liabilities to stockholders' equity has previous year. These results are the combined result of a compared to the previous year. Check My Work m syen Main.do?invokera&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Liabilities Recent balance sheet information for two companies in the food industry, Mondelez International, Inc. and The Hershey Company, is Mondelez Hershey Net property, plant, and equipment Current liabilities Long-term debt Other long-term liabilities Stockholders' equity $10,010,000 14,873,000 15,574,000 12,816,000 32,215,000 $1,674,071 1,471,110 1,530,967 716,013 1,036,749 a. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place. Mondelez Hershey b. Determine the ratio of fixed assets to long-term liabilities for both companies. Round to one decimal place. Mondelez Hershey C. Although uses more debt, it has creditor protection and borrowing capacity. Check My Work Email Instructor Save a i A y Session Locator &inprogress=false eBook Show Me How Calculator Profitability Ratios The following selected data were taken from the financial statements of Vidahil Inc. for December 31, 2017, 2016, and 2015: December 31 2047 2046 2015 Total assets $4,800,000 $4,400,000 $4,000,000 Notes payable (8% interest) 2,250,000 2,250,000 2,250,000 Common stock 250,000 250,000 250,000 Preferred 4% stock, $100 par (no change during year) 500,000 500,000 500,000 Retained earnings 1,574,000 1,222,000 750,000 The 2017 net income was $372,000, and the 2016 net income was $492.000. No dividends on common stock were declared between 20 declared and paid in full in 2016 and 2017. a. Determine the return on total assets, the rate earned on stockholders' equity, and the return on common stockholders' equity for the decimal place. 2017 2016 Return on total assets Rate earned on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that Vidahill Inc.'s profitability has the rate earned on total assets in both years, there is Because the rate of return on common stockh leverage from the use of debt. Check My Work Email Instructor Save and MacBook Air uusien take AssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Calculator Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates Inc. for the current fiscal year. $3,200,000 $1,000,000 2,000,000 $3,000,000 S Property, plant, and equipment (net) Labilities: Current liabilities Note payable, 6%, due in 15 years Total liabilities Stockholders' equity: Preferred $10 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year Net Income Preferred dividends Common dividends Balance, end of year Total stockholders' equity $1,000,000 2,000,000 $1,570,000 Not $2,500,000 930,000 $100,000 400,000 500,000 2,000,000 $5,000,000 Sales $18,900,000 Interest expense $120,000 Assuming that long-term investments totaled 3.000.000 throughout the vear and that total assets were $7.000.000 at the heain Check My Work Email Instructor keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false follows: eBook I Calculator OUT Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc Cash $800,000 Marketable securities 550,000 Accounts and notes receivable (net) 850,000 Inventories 700,000 Prepaid expenses 300,000 Accounts payable 1,200,000 Notes payable (short-term) 700,000 Accrued expenses 100,000 Required: 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place. a. Working capital $1.73684211 b. Current ratio c. Quick ration 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the re each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ral a. Sold marketable securities at no gain or loss, $500,000. Check My Work Email Instructor Un by the Rolling Department.. multion, the ending work in process inventory, and the HOW ME HOW BE 17-7 Process cost journal entries In July, the cost of materials transferred into the Rolling ment of Oak Ridge Steel Company is $432,000 ing Department is $144,150 ($54,700 factory overhe total cost transferred to Finished Goods for the had a beginning inventory of $80,000. Obj. 3 into the Rolling Department from the Casting Depart- Pany is $432,000. The conversion cost for the period in the Roll- 700 factory overhead applied and $89,450 direct labor). The Ished Goods for the period was $553,750. The Rolling Department A. Journalize (1) the cost of transferred-in materials, (2) the c d-in materials, (2) the conversion costs, and (3) the costs transferred out to Finished Goods. S. B. Determine the balance of Work in Process Rolling at the end of the period History Bookmarks People Tab Window Help eachir X H Thu. + wom/lr/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator:&inprogress-false eBook Show Me How Calculator Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 2015: December 31 2017 2016 2015 Total assets $4,800,000 $4,400,000 $4,000,000 Notes payable (8% interest) 2,250,000 2,250,000 2,250,000 Common stock 250,000 250,000 250,000 Preferred 4% stock, $100 par (no change during year) 500,000 500,000 500,000 Retained earnings 1,574,000 1,222,000 750,000 The 2017 net income was $372,000, and the 20Y6 net income was $492,000. No dividends on common stock were declared between 2015 and 2047. Preferre declared and paid in full in 2046 and 2017. a. Determine the return on total assets, the rate earned on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017 decimal place 2017 2016 Return on total assets Rate earned on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that Vidahill Inc.'s profitability has Because the rate of return on common stockholders' equity the rate earned on total assets in both years, there is leverage from the use of debt. Check My Work Previous Email Instructor Save and Exit Submit Assignme People Tad Window Help + Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Ratio of Uabilities to Stockholders' Equity and Number of Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Previous Year Accounts payable $924,000 $800,000 Current maturities of serial bonds payable 200,000 200,000 Serial bonds payable, 10% 1,000,000 1,200,000 Common stock, $10 par value 250,000 250,000 Pald-in capital in excess of par 1,250,000 1,250,000 Retained earnings 860,000 500,000 The income before income tax was $480,000 and $420,000 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round to one decimal place. Current year Previous year b. Determine the times interest earned ratio for both years. Round to one decimal place. Current year Previous year and the number of times bond interest charges were earned Income before income taxes and C. The ratio of liabilities to stockholders' equity has previous year. These results are the combined result of a compared to the previous year. Check My Work m syen Main.do?invokera&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Ratio of Liabilities to Stockholders' Equity and Ratio of Fixed Assets to Long-Term Liabilities Recent balance sheet information for two companies in the food industry, Mondelez International, Inc. and The Hershey Company, is Mondelez Hershey Net property, plant, and equipment Current liabilities Long-term debt Other long-term liabilities Stockholders' equity $10,010,000 14,873,000 15,574,000 12,816,000 32,215,000 $1,674,071 1,471,110 1,530,967 716,013 1,036,749 a. Determine the ratio of liabilities to stockholders' equity for both companies. Round to one decimal place. Mondelez Hershey b. Determine the ratio of fixed assets to long-term liabilities for both companies. Round to one decimal place. Mondelez Hershey C. Although uses more debt, it has creditor protection and borrowing capacity. Check My Work Email Instructor Save a i A y Session Locator &inprogress=false eBook Show Me How Calculator Profitability Ratios The following selected data were taken from the financial statements of Vidahil Inc. for December 31, 2017, 2016, and 2015: December 31 2047 2046 2015 Total assets $4,800,000 $4,400,000 $4,000,000 Notes payable (8% interest) 2,250,000 2,250,000 2,250,000 Common stock 250,000 250,000 250,000 Preferred 4% stock, $100 par (no change during year) 500,000 500,000 500,000 Retained earnings 1,574,000 1,222,000 750,000 The 2017 net income was $372,000, and the 2016 net income was $492.000. No dividends on common stock were declared between 20 declared and paid in full in 2016 and 2017. a. Determine the return on total assets, the rate earned on stockholders' equity, and the return on common stockholders' equity for the decimal place. 2017 2016 Return on total assets Rate earned on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that Vidahill Inc.'s profitability has the rate earned on total assets in both years, there is Because the rate of return on common stockh leverage from the use of debt. Check My Work Email Instructor Save and MacBook Air uusien take AssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false eBook Calculator Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates Inc. for the current fiscal year. $3,200,000 $1,000,000 2,000,000 $3,000,000 S Property, plant, and equipment (net) Labilities: Current liabilities Note payable, 6%, due in 15 years Total liabilities Stockholders' equity: Preferred $10 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year Net Income Preferred dividends Common dividends Balance, end of year Total stockholders' equity $1,000,000 2,000,000 $1,570,000 Not $2,500,000 930,000 $100,000 400,000 500,000 2,000,000 $5,000,000 Sales $18,900,000 Interest expense $120,000 Assuming that long-term investments totaled 3.000.000 throughout the vear and that total assets were $7.000.000 at the heain Check My Work Email Instructor keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false follows: eBook I Calculator OUT Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc Cash $800,000 Marketable securities 550,000 Accounts and notes receivable (net) 850,000 Inventories 700,000 Prepaid expenses 300,000 Accounts payable 1,200,000 Notes payable (short-term) 700,000 Accrued expenses 100,000 Required: 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place. a. Working capital $1.73684211 b. Current ratio c. Quick ration 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the re each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ral a. Sold marketable securities at no gain or loss, $500,000. Check My Work Email Instructor