Questions from Financial Reporting


Q: Income statements for Yarrick Company for the years ending December 31,

Income statements for Yarrick Company for the years ending December 31, 2016, 2015, and 2014 are shown below. Prepare a common-size income statement and analyze the profitability of the company.

See Answer

Q: LA Theatres Inc. has two distinct revenue sources, ticket and

LA Theatres Inc. has two distinct revenue sources, ticket and concession revenues. The following information from LA Theatres Inc. income statements for the past three years is available: (a) Calcul...

See Answer

Q: Income statements are presented for the Elf Corporation for the years ending

Income statements are presented for the Elf Corporation for the years ending December 31, 2016, 2015, and 2014. Required: Write a one-paragraph analysis of Elf Corporation’s profit...

See Answer

Q: Discuss all reasons that could explain an increase or decrease in gross

Discuss all reasons that could explain an increase or decrease in gross profit margin.

See Answer

Q: Explain how a company could have a decreasing gross profit margin but

Explain how a company could have a decreasing gross profit margin but an increasing operating profit margin.

See Answer

Q: Discuss the four items that are included in a company’s comprehensive income

Discuss the four items that are included in a company’s comprehensive income.

See Answer

Q: The following income statement and balance sheet information are available for two

The following income statement and balance sheet information are available for two firms, Firm A and Firm B. (a) Calculate the amount of dividends Firm A and Firm B paid using the information given. (...

See Answer

Q: The following comparative balance sheets and income statement are available for AddieMae

The following comparative balance sheets and income statement are available for AddieMae Inc. Prepare a statement of cash flows for 2016 using the indirect method and analyze the statement.

See Answer

Q: The following cash flows were reported by Techno Inc. in 2015

The following cash flows were reported by Techno Inc. in 2015 and 2014. (a) Explain the difference between net income and cash flow from operating activities for Techno in 2015. (b) Analyze Techno I...

See Answer

Q: Write a short article (250 words) for a local business

Write a short article (250 words) for a local business publication in which you explain why cash flow from operations is important information for small business owners.

See Answer