provide accounting problems answer If total liabilities decreased by $27,187 during a period of timeand stockholders' equity increased by $33,323 during the sameperiod, the amount and direction (increase or decrease) of theperiod's change In total assets are:a. $27,187 increase.b. $27,187 decrease.c. $6,136 decrease.d. $6,136 increase.

A net increase or decrease in total assets can be determined by computing the net change in the…

Answered: If total liabilities decreased by…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 10BE

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Assuming that total assets were $8,037,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity c. Asset turnover d. Return on total assets e. Return on stockholders' equity f. Return on common stockholders' equity % % %
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If total liabilities decreased by $22,027 during a period of time and stockholders' equity increased by $32,672 during the same period, the amount and direction (increase or decrease) of the period's change in total assets is a $22,027 decrease $10,645 decrease $10,645 increase $22,027 increase
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Jolie Foster Care Homes Incorporated shows the following data: Total Assets $ 1,970,000 2,460,000 2,740,000 2,830,000 Year 20X1 20X2 20X3 20X4 Net Income $ 192,000 221,000 196,000 189,000 Year 20X1 20X2 20X3 20X4 a-1. Compute the ratio of net income to total assets for each year. Note: Input your answers as a percent rounded to 2 decimal places. Return on Assets Stockholders' Equity $ 1,460,000 1,845,000 1,910,000 1,900,000 % % % % Total Debt $ 510,000 615,000 830,000 930,000

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