Financial Accounting
Financial Accounting
7th Edition
ISBN: 9781118162286
Author: Kimmel, Paul D.
Publisher: John Wiley & Sons Inc
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Chapter 13, Problem 13.13E

(a)

To determine

Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities, profitability, and overall performance of a company.

To compute: Current ratio for 2014 and 2013

(b)

To determine

To compute: Inventory turnover ratio for 2014 and 2013

(c)

To determine

To compute: Profit margin ratio for 2014 and 2013

(d)

To determine

To compute: Return on assets ratio for 2014 and 2013

(e)

To determine

To compute: Return on common stockholders’ equity for 2014 and 2013

(f)

To determine

To compute: Debt to total assets ratio for 2014 and 2013

(g)

To determine

To compute: Times interest earned ratio for 2014 and 2013

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Dung Corporation uses the FIFO method in its process costing system. The following data concern the company's Assembly Department for the month of August. Cost in beginning work in process inventory $1,140 Units started and completed this month Cost per equivalent unit Equivalent units required to complete the units in beginning work in process inventory Equivalent units in ending work in process inventory 2,740 Materia Conver Is sion $ 18.55 $ 33.25 260 240 240 94 Required: Determine the cost of ending work in process inventory and the cost of units transferred out of the department during August using the FIFO method.

Chapter 13 Solutions

Financial Accounting

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Financial ratio analysis; Author: The Finance Storyteller;https://www.youtube.com/watch?v=MTq7HuvoGck;License: Standard Youtube License