Please Solve In 15mins I will Thumbs-up Indicate the effect that each transaction/event listed here will have on the financial ratio listed opposite it. Use +E for increase,- fordecrease, and (NE) for no effect. Assume that current assets exceed current liabilities in all cases, both before and after thetransaction/event.Transaction/EventFinancial RatioEffecta. Purchased inventory on accountNumber of days' sales in inventoryb. Sold inventory for cash, at a profit.Inventory turnoverc Issued a 10% stock dividend.Earnings per shared. Issued common stock for cash.Debt ratioe. Sold land at a gain.Return on investmentt Purchased treasury stock for cash.Debt/equity ratiog Accrued interest on a note payable.Times interest eamedh. Accrued wages that have been eamed by employeesCurrent ratioLPurchased equipment for cash.Plant and equipment fumoverIssued bonds at an interest rate that is less than the company's ROLRetun on equty

There are many financial ratios used by businesses to analyze their performance in the current year.…

Indicate the effect that each transaction/event listed here will have on the financial ratio listed opposite it. Use + for increase,-for decrease, and (NE) for no effect. Assume that current assets exceed current liabilities in all cases, both before and after the transaction/event. Transaction/Event Financial Ratio Effect a. Purchased inventory on account Number of days' sales in inventory Inventory turnover Earnings per share b. Sold inventory for cash, at a profit. c. Issued a 10% stock dividend. d. Issued common stock for cash. Debt ratio e. Sold land at a gain. Return on investment CPurchased treasury stock for cash. Debtiequity ratio g Accrued interest on a note payable. Times interest eamed h. Accrued wages that have been eamed by employees Current ratio LPurchased equipment for cash. Plant and equipment fumover Issued bonds at an interest rate that is less than the company's ROI. Return on equty

Indicate the effect that each transaction/event listed here will have on the financial ratio listed opposite it. Use + for increase,-for decrease, and (NE) for no effect. Assume that current assets exceed current liabilities in all cases, both before and after the transaction/event. Transaction/Event Financial Ratio Effect a. Purchased inventory on account Number of days' sales in inventory Inventory turnover Earnings per share b. Sold inventory for cash, at a profit. c. Issued a 10% stock dividend. d. Issued common stock for cash. Debt ratio e. Sold land at a gain. Return on investment CPurchased treasury stock for cash. Debtiequity ratio g Accrued interest on a note payable. Times interest eamed h. Accrued wages that have been eamed by employees Current ratio LPurchased equipment for cash. Plant and equipment fumover Issued bonds at an interest rate that is less than the company's ROI. Return on equty

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A moodle.jamessprunt.edu/mod/quiz/attempt.php?attempt3D473287&cmid%3D605671&page%3D10 CC JSCC Homepage - Tech Support Student Toolbox JSCC Bookstore English (United States) (en_us) - For each account below, indicate the normal balance of the account. Notes Payable (due in 5 years) =21 Choose. tion Advertising Expense Choose., Cash Choose. J. Smith, Capital Choose. Accumulated Depreciation Choose. J. Smith, Drawing Choose. Rent Revenue Choose. Land Choose. Sales Choose. Mortgage Payable Choose. Interest Expense Choose. Merchandise Inventory Choose. Depreciation Expense - Office Building Choose. Accounts Payable Choose. Depreciation Expense - Store Choose. Customer Refunds Payable Choose. Freight Out Choose. Accounts Receivable Choose. Office Supplies Expense Choose. Unearned Rent Choose. : Prepaid Insurance Choose.. Type here to search hp 立

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