HCS 380 Week 3 WileyPLUS Ex 13-9, Ex 13-13
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Complete the assigned exercises in WileyPLUS.
Exercise 13-9
Exercise 13-9
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Your answer is partially correct. |
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Kinder Company has these comparative balance sheet data:
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KINDER COMPANY |
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2014 |
2013 |
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Cash |
$ 29,895 |
$ 59,790 |
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Accounts receivable (net) |
139,510 |
119,580 |
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Inventory |
119,580 |
99,650 |
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Plant assets (net) |
398,600 |
358,740 |
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$687,585 |
$637,760 |
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Accounts payable |
$ 99,650 |
$ 119,580 |
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Mortgage payable (15%) |
199,300 |
199,300 |
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Common stock, $10 par |
279,020 |
239,160 |
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Retained earnings |
109,615 |
79,720 |
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$687,585 |
$637,760 |
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Additional information for 2014:
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1. |
Net income was $30,600. |
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2. |
Sales on account were $377,000. Sales returns and allowances amounted to $26,600. |
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3. |
Cost of goods sold was $201,000. |
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4. |
Net cash provided by operating activities was $58,500. |
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Capital expenditures were $26,100, and cash dividends were $17,300. |
Compute the following ratios at December 31, 2014.
Exercise 13-13
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Your answer is partially correct. |
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The condensed financial statements of Elliott Company for the years 2013 and 2014 are presented below.
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ELLIOTT COMPANY |
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2014 |
2013 |
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Current assets |
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Cash and cash equivalents |
$330 |
$360 |
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Accounts receivable (net) |
545 |
475 |
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Inventory |
640 |
570 |
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Prepaid expenses |
130 |
160 |
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Total current assets |
1,645 |
1,565 |
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Property, plant, and equipment (net) |
410 |
380 |
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Investments |
85 |
85 |
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Intangibles and other assets |
530 |
510 |
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Total assets |
$2,670 |
$2,540 |
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Current liabilities |
$895 |
$865 |
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Long-term liabilities |
660 |
560 |
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Stockholders’ equity—common |
1,115 |
1,115 |
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Total liabilities and stockholders’ equity |
$2,670 |
$2,540 |
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ELLIOTT COMPANY |
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2014 |
2013 |
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Sales revenue |
$3,980 |
$3,640 |
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Costs and expenses |
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Cost of goods sold |
1,045 |
965 |
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Selling & administrative expenses |
2,400 |
2,330 |
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Interest expense |
10 |
20 |
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Total costs and expenses |
3,455 |
3,315 |
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Income before income taxes |
525 |
325 |
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Income tax expense |
210 |
130 |
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Net income |
$ 315 |
$ 195 |
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Compute the following ratios for 2014 and 2013. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.)
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(a) |
Current ratio. |
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(b) |
Inventory turnover. (Inventory on December 31, 2012, was $380.) |
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(c) |
Profit margin. |
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(d) |
Return on assets. (Assets on December 31, 2012, were $1,950.) |
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(e) |
Return on common stockholders’ equity. (Equity on December 31, 2012, was $940.) |
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(f) |
Debt to assets ratio. |
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(g) |
Times interest earned. |
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This Tutorial was purchased 6 times & rated A by student like you.
This Tutorial contains Excel Sheet which can be used to solve All Wiley Problem for any numbers/values
Complete the assigned exercises in WileyPLUS
Excel Problem 10-8A
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Excel Problem 10-10A
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This Tutorial was purchased 5 times & rated A+ by student like you.
This Tutorial contains Excel Sheet which can be used to solve below mentioned Problem for any numbers/values
Complete the assigned exercises in WileyPLUS.
Chapter 7 - Excel Assignment (E7-8);
Chapter 7 - Excel Assignment (E7-14: Cash Budget)..
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This Tutorial was purchased 4 times & rated A+ by student like you.
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 13-9
Exercise 13-13
Exercise 13-9
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Complete the assigned exercises in WileyPLUS.
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Chapter 4 - Excel assignment
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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 1-15
Excel Problem 1-3A
Exercise 2-1
&nbs..
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This Tutorial was purchased 4 times & rated A+ by student like you.
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..
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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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This Tutorial was purchased 8 times & rated A+ by student like you.
This Tutorial contains 2 Papers
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Write a 750- to 1,050-word paper in which you:
• Explain the principles of internal control.
• Explain the use of cash and internal controls to prevent fraud.
• Explain w..
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This Tutorial contains 2 Papers
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This Tutorial contains 2 Papers
Signature Assignment: Financial Statement
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The community college instructor has asked for your help again. This
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Writ..
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This Tutorial contains 2 Papers
HCS 380 Week 3 Individual Assignment Accounting Comparison
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Create a diagram comparing accrual and cash accounting. Also include
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Reference Chart
Instructions:
Create a chart detailing the three different forms of business
organizations (proprietorships, partnerships, and corporations). Also
include key users of financial information and briefly explain their roles.
Cite 3 peer-reviewed, scholarly, or si..
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