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Looking back over the last few years it is clear that Nicole Mackisey has accomplished a lot running her business Nicoles Getaway Spa (NGS). Nicole is curious about her companys performance as she compares its financial statements.
Required:
1. Was NGS more profitable in 2016 or 2015? Use the gross profit percentage, return on equity, and fixed asset turnover ratio to help in making a decision (round each ratio to two decimal places).
2. Was NGS more liquid in 2016 or 2015? Use the current ratio to help in making a decision (round each ratio to two decimal places).
3. Was NGS more solvent in 2016 or 2015? Use the debt- to- assets ratio and times interest earned ratio to help in making a decision (round each ratio to two decimal places).
If the company follows the residual dividend policy, how much net income must it earn to meet its capital requirements, pay the dividend, and keep the capital structure in balance?
The budgeted variable manufacturing overhead rate is $4 per direct labor-hour. During July, the company incurred $39,100 in variable manufacturing overhead cost. Compute the variable overhead spending and efficiency variances for the month.
Finding an article on accountants committing fraud in Accounting Information System (AIS). Please review the attachment for the full description
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The break-even point in sales dollars for the entire company
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