User Account

All Pages

Compute the return on assets and the return on common

Assignment Help Accounting Basics
Reference no: EM13577142

Comparative statement data for Farris Company and Ratzlaff Company, two competitors, appear below. All balance sheet data are as of December 31, 2015, and December 31, 2014.

 

Farris Company

Ratzlaff Company


2015

2014

2015

2014
Net sales
$1,575,677


$339,305

Cost of goods sold
1,080,740


240,962

Operating expenses
303,677


79,070

Interest expense
8,680


2,260

Income tax expense
54,865


6,670

Current assets
324,047
$312,609
83,970
$ 79,171
Plant assets (net)
520,365
501,197
139,336
124,946
Current liabilities
64,433
74,030
35,991
29,109
Long-term liabilities
107,330
91,629
29,422
25,095
Common stock, $10 par
498,000
498,000
117,000
117,000
Retained earnings
174,649
150,147
40,893

32,913

 

Compute the return on assets and the return on common stockholders' equity ratios for both companies. (Round answers to 1 decimal place, e.g. 12.1%.)

 

Farris Company

Ratzlaff Company
Return on assets
pixel.gif % ?
pixel.gif % ?
Return on common stockholders' equity
pixel.gif % ?
pixel.gif % ?

 

Reference no: EM13577142

Questions Cloud

If the gas mileages are normally distributed with a : the average gas mileage of a certain model car is 30 miles per gallon. if the gas mileages are normally distributed
Superior manufacuring produced and sold 50000 temperature : superior manufacuring produced and sold 50000 temperature gauges last year for 42 each. this level of activity amouned
A company uses direct labor hours to allocate variable and : a company uses direct labor hours to allocate variable and fixed overhead costs. under which of the following
The number of kernels of corn in a bag of microwave : the number of kernels of corn in a bag of microwave popcorn is 1262 with a standard deviation of 118 kernels.
Compute the return on assets and the return on common : comparative statement data for farris company and ratzlaff company two competitors appear below. all balance sheet data
A gummball machine has just been filled with 50 black 150 : a gummball machine has just been filled with 50 black 150 white 100 red and 100 yellow gum balls that have been
Janet and james purchased their personal residence 15 years : janet and james purchased their personal residence 15 years ago for 300000. for the current year they have an 80000
Find the probability that the mean weight of those loads : the mean weight of loads of rock is 50.0 tons with a standard deviation of 12.0 tons. if 16 loads are chosen at random
A total of 16100 units were started and 15300 units were : byklea corporation uses the weighted-average method in its process costing system. this month the beginning inventory

Reviews

Write a Review

Accounting Basics Questions & Answers

  Investigation of financial position of sales department

Obtain a detailed report which is based on an intensive investigation of the financial position of sales department, production department and research and development department.

  Basics of straight-line depreciation

Straight-line depreciation is used. Demers reported net income of $28,000 and $32,000 for 2006 and 2007, respectively. Compute the gain recognized by Demers Company relating to the equipment for 2006:

  Entries for reacquisition and resale of stock

On August 10, Jameson Corporation reacquired 8,000 shares of its $100 par value common stock at $134. The stock was originally issued at $110. The shares were resold on November 21 at $145. Provide the entries required to record the reacquisition ..

  Calculate the estimated inventory

In addition, the controller is aware of $10,000 of inventory that was stolen during August from one of the company's warehouses. Calculate the estimated inventory at the end of August, assuming a markup on cost of 25%.

  Describe the accounting procedures for both bonds

Describe the accounting procedures for both bonds and long-term notes. How are they similar? Provide an example of each. What types of features can bonds carry which make them more attractive than other financial instruments?

  Problem related to ordinary loss allocation

An electing S corporation has a $30,000 ordinary loss for the non-leap year. On January 1, Beverly and Sonya own equally all of the S corporation stock. On the 146th day of the year, Beverly gives her one-half of the S corporation stock to her dau..

  Federal income tax 1 scholarships for each of the following

federal income tax 1 scholarships. for each of the following indicate the amount that must be included in the taxpayers

  Record the division of net income

If Andrea Gant withdraws $30,000 in cash for personal use in lieu of salary, which account is debited and which is credited?

  During september the capital expenditure budget indicates a

during september the capital expenditure budget indicates a 420000 purchase of equipment. the ending september cash

  Explain at least two pros and two cons of limiting executive

Critics have charged that compensation to top management in the United States is simply too high and should be cut back. If compensation is tied to performance, should there be a ceiling on an executive's earnings? Explain at least two pros an..

  Determine the budget for the department

The department actually completed 5000 hours of production. Determine the budget for the department assuming that it uses flexible budgetting.

  E-commerce creates its own risks and therefore special

e-commerce creates its own risks and therefore special internal controls. 1 identify and explain one pitfall and one

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd