Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
a. Tanfield is in a better position to pay debt in 2015 than in 2014. The current ratio, cash ratio, and times-interest-earned ratio all improved. The inventory turnover improved, but was offset by a decrease in the gross profit percentage.
b. The attractiveness of Tanfield's stock has improved in 2015. The rate of return on common stockholder's equity increased as well as the earnings per share and price/earnings ratio.
2015
2014
a.
Total current assets
$364,000
=
1.6
$370,000
1.54
Total current liabilities
$227,000
$240,000
b.
Cash + Cash
$91,000 + 0
0.4
$88,000 + 0
0.37
equivalents
c.
Net income + Income
$51,000 +
6.38
$37,000 + 21,000
4.63
tax expense + Interest
19,000 +13,000
16,000
expense
$13,000
$16,000
Interest expense
d.
Cost of Goods Sold
$239,000
1.58
$212,000
1.17
Average Merchandise
($144,000 +
($158,000 +
Inventory
158,000) / 2
204,000) / 2
e.
Gross Profit
$221,000
48.00%
$210,000
49.80%
Net Sales
$460,000
$422,000
f.
Total Liabilities
$344,000
1.45
$336,000
1.60
Total Equity
$237,000
36.70%
g.
Net income - Preferred dividends
$51,000 - (3% A
92,000)
$4.39
$37,000 - (3% x
33.10%
10,000
Average Common
Stockholder's Equity
($145,000 +
118,000)/2 / 2
($118,000 +
89,000) / 2
Net income -
$48,240
$34,240
h.
Preferred dividends
$3.42
Weighted average number of common shares outstandin
(12,000 +
10,000) / 2
i.
Market Price per share
$86.58
19.72
$46.54
13.6
of common stock
Earnings Per Share
If a company leases equipment to other companies and records these leases as operating leases rather than a capital leases, its' (the lessor's):
The actual cash received from cash sales was $11,279, and the amount indicated by the cash register total was $11,256.
Develop sample QuickBooks lists for customers, vendors, items, and employees. Enter a list of sample transactions that were used to test the prototype.
Xenon Corporation has $112,000 of regular taxable income, $68,000 of preference items, $98,000 of positive adjustments, and $36,000 of negative adjustments that affect its determination of alternative minimum taxable income. What is Xenon's altern..
what are these accrual deferral or neither.1 incurred other operating expenses on account2 paid a cash dividend to the
what is an example of a gain contingency? what is the accounting treatment for gain contingencies? please discuss the
staffing company purchased the net assets i.e. assets minus liabilities of time management inc. for 390000. time
How many of each type of scooter must Speedy's Scooters sell each month to break even and calculating breakeven point for two products
Let's think through an example: Company A produces gadgets at $2 VC and incurs $200,000 FC per month.
Gift tax returns were filed reporting these gifts. How much of her estate is subject to federal estate tax after considering the estate tax exemption?
dearman company which has only one product has provided the following data concerning its most recent month of
if variable cost of goods sold totaled 80000 for the year 16000 units at 5.00 each and the planned variable cost of
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd