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USE THE DATA IN THE TABLE BELOW TO ANSWER QUESTIONS 9 - 1 7 The balance sheet accounts listed below are the only items on
USE THE DATA IN THE TABLE BELOW TO ANSWER QUESTIONS
The balance sheet accounts listed below are the only items on the companys balance sheet for each year and the
income statement accounts are the only items on the companys income statement for each year.
Category
Accounts payable
Accounts receivable
Accruals
Additional paid in capital
Cash
Common Stock
COGS
Depreciation expense
Interest expense
Inventories
Longterm debt
Net fixed assets
Notes payable
Operating expenses excl depr.
Retained earnings
Sales
Taxes
Inventories in were $
a
b
c
d
e
Net income in was $
a
b
c
d
e
Cash flows from operating activities in was $
a
b
c
d
e
Cash flows from financing activities in was $
a
b
c
d
e
Cash flows from investing activities in was $
a
b
c
d
e
Current ratio in was $
a
b
c
d
e
How was the return on assets ROA in compared with that in
a ROA in is better because it is lower than that in
b ROA in is better because it is higher than that in
c ROA in is worse because it is lower than that in
d ROA in is worse because it is higher than that in
e ROA is the same in that it was in
COGS in were on a commonsized income statement.
a
b
c
d
e
ROE in was
a
b
c
d
e
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