Bundle: Managerial Accounting, Loose-leaf Version, 14th - Book Only
Bundle: Managerial Accounting, Loose-leaf Version, 14th - Book Only
14th Edition
ISBN: 9781337541398
Author: Carl Warren; James M. Reeve; Jonathan Duchac
Publisher: Cengage Learning
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Chapter 14, Problem 15E

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: Ratio of liabilities to stockholders’ equity

Given info: Total liabilities and Stockholders’ equity

b)

To determine

To compute: Ratio of fixed assets to long-term liabilities

Given info: Total fixed assets and long-term liabilities.

c)

To determine

To interpret: The ratio differences between the two companies.

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Martinez Industries manufactures wood polish. The standard direct materials quantity is 0.70 pounds per bottle at a cost of $2.80 per pound. The actual usage for the production of 45,000 bottles was 0.75 pounds per bottle at an actual cost of $2.75 per pound. Calculate the direct materials price variance and the direct materials quantity variance.
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Chapter 14 Solutions

Bundle: Managerial Accounting, Loose-leaf Version, 14th - Book Only

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