bbe4tg2g

png

School

Collin County Community College District *

*We aren’t endorsed by this school

Course

3300

Subject

Economics

Date

Feb 20, 2024

Type

png

Pages

1

Uploaded by DukeCapybara1468

Report
REVNIK COMPANY Statements of Income and Retained Earmnings For the Years Ended December 31 2015 2014 Revenues Sales (net) $ 300000 $ 280,000 Other revenues 9,400 6,400 Total revenues 309,400 286,400 Expenses Cost of goods sold 150,000 124 000 Selling, general, and administrative 62,000 57,000 Interest expense 10,100 9,300 Income tax expense 58,000 57,000 Total expenses 280,100 247 300 Net earnings (net income) 29 300 39,100 Retained earnings, January 1 103,000 71,000 Less: Preferred stock dividends 3,500 3,500 Common stock dividends 3.600 3,600 Retained earnings, December 31 $ 125200 $ 103,000 Required Calculate the following ratios for 2015 and 2014. When data limitations prohibit computing averages, use year-end balances in your calculations. a. Working capital. i 2015 2014 Working capital b. Current ratio. (Round your answers to 2 decimal places.) B 2015 2014 Current ratio
Discover more documents: Sign up today!
Unlock a world of knowledge! Explore tailored content for a richer learning experience. Here's what you'll get:
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help

Related Documents

chap015.pdf
Unit 5 Assignment Market Structures.docx
SW 521-202 Quiz 2 copy.docx
Homework 5 Chapter 7.docx
Discussion Post.docx
college_subject_questions_document_19.docx
Review questions - midterm.docx
Screenshot 2024-02-11 at 12.56.53 AM.png
BUSN 661 WEEK 1 DATA SET DISCUSSION PROBLEMS.docx
study.docx
Business 740 Discussion Thread- The Great Rebate Runaround.docx
Quiz-3 (2).docx
Recommended textbooks for you
Text book image
Managerial Economics: Applications, Strategies an...
Economics
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:Cengage Learning
Text book image
Microeconomic Theory
Economics
ISBN:9781337517942
Author:NICHOLSON
Publisher:Cengage
Text book image
Micro Economics For Today
Economics
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Cengage,
Text book image
Survey Of Economics
Economics
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Cengage,
Text book image
Microeconomics A Contemporary Intro
Economics
ISBN:9781285635101
Author:MCEACHERN
Publisher:Cengage
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
SEE MORE TEXTBOOKS
Recommended textbooks for you
Text book image
Managerial Economics: Applications, Strategies an...
Economics
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:Cengage Learning
Text book image
Microeconomic Theory
Economics
ISBN:9781337517942
Author:NICHOLSON
Publisher:Cengage
Text book image
Micro Economics For Today
Economics
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Cengage,
Text book image
Survey Of Economics
Economics
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Cengage,
Text book image
Microeconomics A Contemporary Intro
Economics
ISBN:9781285635101
Author:MCEACHERN
Publisher:Cengage
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
SEE MORE TEXTBOOKS