5th Edition

ISBN: 9781259176494

Author: John J Wild, Ken Shaw Accounting Professor

Publisher: MCGRAW-HILL HIGHER EDUCATION

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Textbook Question

Chapter 13, Problem 13SP

This serial Problem began in Chapter 1 and continues through most of the book. If previous chapter segment were not completed. The serial Problem can begin at this point. It is helpful, but not necessary. To use the Working Papers that accompany the book)

P3 SP 13 Use the following selected data from Business Solution’s income statement for the three months ended March 31, 2016. And from its March 31, 2016. Balance sheet to complete the requirements below:

Computer services revenue, $25.307; net sales (of goods). $18.693: total sales and revenue. $44.000: cost of goods sold. $14.052: net income. $18.833: quick assets. $90.924: current assets. $95.568: total assets, $120.268; current liabilities. $875; total liabilities. $875; and total equity. $119.393.

Required

1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio (Round the percent to one decimal).

2. Compute the current ratio and add-test ratio (round to one decimal).

3. Compute the debt ratio and equity ratio (round the percent to one decimal).

4. What percent of its assets are current? What percent arc long term (round the percent to one decimal?

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Chapter 13, Problem 6PSB

Chapter 13, Problem 1BTN

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Chapter 13 Solutions

Managerial Accounting

Ch. 13 - Prob. 1MCQ Ch. 13 - Prob. 2MCQ Ch. 13 - Prob. 3MCQ Ch. 13 - Prob. 4MCQ Ch. 13 - Prob. 5MCQ Ch. 13 - Prob. 1DQ Ch. 13 - Prob. 2DQ Ch. 13 - Prob. 3DQ Ch. 13 - Prob. 4DQ Ch. 13 - Prob. 5DQ

Ch. 13 - Prob. 6DQ Ch. 13 - Prob. 7DQ Ch. 13 - Prob. 8DQ Ch. 13 - Prob. 9DQ Ch. 13 - Prob. 10DQ Ch. 13 - Prob. 11DQ Ch. 13 - Prob. 12DQ Ch. 13 - Where on the income statement does a company...Ch. 13 - Prob. 14DQ Ch. 13 - Prob. 15DQ Ch. 13 - Prob. 16DQ Ch. 13 - Use Samsungs financial statements in Appendix A to...Ch. 13 - Prob. 1QS Ch. 13 - Prob. 2QS Ch. 13 - Prob. 3QS Ch. 13 - Prob. 4QS Ch. 13 - Prob. 5QS Ch. 13 - Prob. 6QS Ch. 13 - Prob. 7QS Ch. 13 - Prob. 8QS Ch. 13 - Prob. 9QS Ch. 13 - Prob. 1E Ch. 13 - Prob. 2E Ch. 13 - Prob. 3E Ch. 13 - Prob. 4E Ch. 13 - Prob. 5E Ch. 13 - Prob. 6E Ch. 13 - Prob. 7E Ch. 13 - Prob. 8E Ch. 13 - Prob. 9E Ch. 13 - Prob. 10E Ch. 13 - Prob. 11E Ch. 13 - Prob. 12E Ch. 13 - Prob. 13E Ch. 13 - Prob. 14E Ch. 13 - Prob. 15E Ch. 13 - Prob. 1PSA Ch. 13 - Prob. 2PSA Ch. 13 - Prob. 3PSA Ch. 13 - Selected year-end and financial statement of...Ch. 13 - Prob. 5PSA Ch. 13 - Prob. 6PSA Ch. 13 - Prob. 1PSB Ch. 13 - Prob. 2PSB Ch. 13 - Kato Corporation began the month of June with...Ch. 13 - Prob. 4PSB Ch. 13 - Prob. 5PSB Ch. 13 - Prob. 6PSB Ch. 13 - This serial Problem began in Chapter 1 and...Ch. 13 - Refer to Apples financial statements in appendix A...Ch. 13 - Prob. 2BTN Ch. 13 - Prob. 3BTN Ch. 13 - Prob. 4BTN Ch. 13 - Prob. 5BTN Ch. 13 - Prob. 6BTN Ch. 13 - Prob. 7BTN Ch. 13 - Prob. 8BTN Ch. 13 - Prob. 9BTN

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Solution Summary: The author explains Gross margin ratio, which measures the ratio between current assets and current liabilities, and the acid-test ratio.

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