Questions from Financial Accounting

Q: List the three main types of business activities on the statement of

List the three main types of business activities on the statement of cash flows and give an example of e

Q: For each of the following three accounting choices, indicate the decision

For each of the following three accounting choices, indicate the decision that will yield (a) a higher net profit margin and (b) a lower current ratio. If the decision does not affect the ratio, indic...

Q: Refer to M13-1. Perform the calculations needed for vertical

Refer to M13-1. Perform the calculations needed for vertical analyses. Round percentages to one decimal place. Data from M13-1: Using the following income statements, perform the calculations needed...

Q: Refer to the calculations from M13-1. What are the

Refer to the calculations from M13-1. What are the two most significant year-over-year changes in terms of dollars and in terms of percentages? Give one potential cause of each of these changes. Data...

Q: Refer to the calculations from M13-2. Which of the

Refer to the calculations from M13-2. Which of the ratios from Exhibit 13.5 have been included in these calculations? Have these two ratios improved or deteriorated in the current year compared to the...

Q: Your campus computer store reported Sales Revenue of $168,000

Your campus computer store reported Sales Revenue of $168,000. The company’s gross profit percentage was 60.0 percent. What amount of Cost of Goods Sold did the company report?

Q: A consumer products company reported a 25 percent increase in sales from

A consumer products company reported a 25 percent increase in sales from last year to this year. Sales last year were $200,000. This year, the company reported Cost of Goods Sold in the amount of $150...

Q: Given the following data, compute the return on equity ratio for

Given the following data, compute the return on equity ratio for the current year (expressed as a percentage with one decimal place).

Q: A manufacturer reported an inventory turnover ratio of 8.6 last

A manufacturer reported an inventory turnover ratio of 8.6 last year. During the current year, managreement introduced a new inventory control system that was expected to reduce average inventory leve...

Q: Mystic Laboratories reported total assets of $11,200,000

Mystic Laboratories reported total assets of $11,200,000 and noncurrent assets of $1,480,000. The company also reported a current ratio of 1.5. What amount of current liabilities did the company repor...