Questions from Financial Accounting


Q: Assume that you are considering purchasing stock as an investment. You

Assume that you are considering purchasing stock as an investment. You have narrowed the choice to either Edge Corporation stock or GoBee Company stock and have assembled the following data for the...

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Q: Selected data from Tompkin Furniture, Inc., follows. /

Selected data from Tompkin Furniture, Inc., follows. Requirements: 1. Perform a trend analysis on Tompkin’s sales revenue, inventory, and receivables over the past three years, usi...

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Q: Net sales, net income, and total assets for Suburban Shipping

Net sales, net income, and total assets for Suburban Shipping, Inc., for a five-year period follow: Requirements: 1. Calculate trend percentages for each item for 2015 through 2018. Use 2014 as the...

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Q: Top managers of Ryan Products, Inc., have asked you to

Top managers of Ryan Products, Inc., have asked you to compare the company’s profit performance and financial position with the average for the industry. The companyâ€...

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Q: Financial statement data of Highland Engineering include the following items:

Financial statement data of Highland Engineering include the following items: Requirements: 1. Calculate Highland’s current ratio, debt ratio, and earnings per share. Round all rati...

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Q: Comparative financial statement data of Stow Optical Mart follow: /

Comparative financial statement data of Stow Optical Mart follow: Other information: 1. Market price of Stow Optical Mart common stock: $122.91 at December 31, 2018, and $165.75 at December 31, 2017...

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Q: Assume that you are considering purchasing stock as an investment. You

Assume that you are considering purchasing stock as an investment. You have narrowed the choice to either Border Corporation stock or Celebration Company stock and have assembled the following data...

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Q: Selected data from Switzer Furniture, Inc., follows. /

Selected data from Switzer Furniture, Inc., follows. Industry averages have been gathered for several ratios. Requirements: 1. Perform a trend analysis on Switzer’s sales revenue, i...

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Q: Paulson’s specializes in sound equipment. Company records indicate the following data

Paulson’s specializes in sound equipment. Company records indicate the following data for a line of speakers: Requirements: 1. Determine the amounts that Paulson’s...

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Q: During the fourth quarter of 2018, Rainbarrel, Inc. generated

During the fourth quarter of 2018, Rainbarrel, Inc. generated excess cash, which the company invested in equity securities as follows: Requirements: 1. Open T-accounts for Cash (including its beginni...

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