HCS 380 Week 3 WileyPLUS Ex 139, Ex 1313
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Complete the assigned exercises in WileyPLUS.
Exercise 139
Exercise 139



Your answer is partially correct. 


Kinder Company has these comparative balance sheet data:
KINDER COMPANY 

2014 
2013 

Cash 
$ 29,895 
$ 59,790 

Accounts receivable (net) 
139,510 
119,580 

Inventory 
119,580 
99,650 

Plant assets (net) 
398,600 
358,740 

$687,585 
$637,760 

Accounts payable 
$ 99,650 
$ 119,580 

Mortgage payable (15%) 
199,300 
199,300 

Common stock, $10 par 
279,020 
239,160 

Retained earnings 
109,615 
79,720 

$687,585 
$637,760 
Additional information for 2014:
1. 
Net income was $30,600. 

2. 
Sales on account were $377,000. Sales returns and allowances amounted to $26,600. 

3. 
Cost of goods sold was $201,000. 

4. 
Net cash provided by operating activities was $58,500. 

5. 
Capital expenditures were $26,100, and cash dividends were $17,300. 
Compute the following ratios at December 31, 2014.
Exercise 1313



Your answer is partially correct. 


The condensed financial statements of Elliott Company for the years 2013 and 2014 are presented below.
ELLIOTT COMPANY 

2014 
2013 

Current assets 

Cash and cash equivalents 
$330 
$360 

Accounts receivable (net) 
545 
475 

Inventory 
640 
570 

Prepaid expenses 
130 
160 

Total current assets 
1,645 
1,565 

Property, plant, and equipment (net) 
410 
380 

Investments 
85 
85 

Intangibles and other assets 
530 
510 

Total assets 
$2,670 
$2,540 

Current liabilities 
$895 
$865 

Longterm liabilities 
660 
560 

Stockholders’ equity—common 
1,115 
1,115 

Total liabilities and stockholders’ equity 
$2,670 
$2,540 
ELLIOTT COMPANY 

2014 
2013 

Sales revenue 
$3,980 
$3,640 

Costs and expenses 

Cost of goods sold 
1,045 
965 

Selling & administrative expenses 
2,400 
2,330 

Interest expense 
10 
20 

Total costs and expenses 
3,455 
3,315 

Income before income taxes 
525 
325 

Income tax expense 
210 
130 

Net income 
$ 315 
$ 195 
Compute the following ratios for 2014 and 2013. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.)
(a) 
Current ratio. 

(b) 
Inventory turnover. (Inventory on December 31, 2012, was $380.) 

(c) 
Profit margin. 

(d) 
Return on assets. (Assets on December 31, 2012, were $1,950.) 

(e) 
Return on common stockholders’ equity. (Equity on December 31, 2012, was $940.) 

(f) 
Debt to assets ratio. 

(g) 
Times interest earned. 
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Excel Problem 108A
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Excel Problem 1010A
..

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This Tutorial contains Excel Sheet which can be used to solve below mentioned Problem for any numbers/values
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Chapter 7  Excel Assignment (E78);
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This Tutorial contains Excel Sheet which can be used to solve below mentioned Problem for any numbers/values
Complete the assigned exercises in WileyPLUS.
Exercise 139
Exercise 1313
Exercise 139
..

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Complete the assigned exercises in WileyPLUS.
You should see the following assignments that are due for a grade:
·
Chapter 4  Excel assignment
NOTE: Assignment must be completed by Due Date. ..

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This Tutorial contains Excel Sheet which can be used to solve below mentioned Problem for any numbers/values
Complete the assigned exercises in WileyPLUS.
Excel Exercise 115
Excel Problem 13A
Exercise 21
&nbs..

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Just enter the value and get the answer, this excel file will work for any value
The condensed financial statements of Elliott Company for the years 2013 and 2014 are presented below.
ELLIOTT COMPANY
Balance Sheets
December 31 (in thousands)
20..

This Tutorial was purchased 3 times & rated A by student like you.
Just enter the value and get the answer, this excel file will work for any value
Kinder Company has these comparative balance sheet data:
KINDER COMPANY
Balance Sheets
December 31
2014 2013
Cash $ 34,290&..

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HCS 380 Week 3 Individual Assignment Accounting Comparison
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Create a diagram comparing accrual and cash accounting. Also include
a 350 to 700word summary of the differentiation and uses ..

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Financial Statement Components
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Reference Chart
Instructions:
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Cite 3 peerreviewed, scholarly, or si..
