Compute westlands current ratio and debt ratio

Assignment Help Accounting Basics
Reference no: EM131821843

1. Compute Westland's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places.

2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately.

a. Borrowed $ 100,000 on a long-term note payable.

b. On January 1, Issued 40,000 shares of common stock, receiving cash of $363,000.

c. Paid short-term notes payable, $29,000.

d. Purchased merchandise of $48,000 on account, debiting Inventory.

e. Received cash on account, $22,000.

Reference no: EM131821843

Questions Cloud

Introduction for the customer : The paper should include an introduction for the customer, as well as a summary of the requirements as they will be given to the production department.
Differences in net income-absorption and variable costing : Simple Comparison of Variable and Absorption Costing Kerwin Company began business on January 1, 20X1, with assets of $153,000 cash and equities of $153,000.
Determine the adjustment to income : Determine the adjustment to income due to the change in accounting method and the amount that is allocated to 2005
Job of the group is to convince the board : The job of the group is to convince the board to approve the sales plan. The presentation should include the following:
Compute westlands current ratio and debt ratio : Compute Westland's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places.
What is the effect of the refund on yellow tax liability : The Yellow Appliance Company, an accrual basis taxpayer, What is the effect of the refund on Yellow's 2006 tax liability
Various requirements-gathering methods : Discuss the advantages and disadvantages of the various requirements-gathering methods mentioned in this week's reading assignment and lesson.
Creating a database design : CIS111 - Discuss the degree to which you believe your diagram reflects the database design and Create a database diagram with the entities and attributes
Resumé improvement service : Suppose that you are helping build website that provides a resumé improvement service. For a fee, a customer submits his or her resumé to the site

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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