
Financial and Managerial Accounting - Workingpapers
15th Edition
ISBN: 9781337912112
Author: WARREN
Publisher: CENGAGE L
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Textbook Question
Chapter 4, Problem 2MAD
Analyze and compare Zynga, Electronic Arts, and Take-Two
Data (in millions) from recent financial statements of Zynga Inc. (ZNGA), Electronic Arts Inc. (EA), and Take-Two Interactive Software, Inc. (TTWO) are as follows:
- a. Compute the
working capital for Year 2 and Year 1 for each company. - b. Which company has the largest working capital?
- c. Compute the
current ratio for Year 2 and Year 1 for each company. Round to one decimal place. - d. For Year 2, rank the companies from most liquid to least liquid based upon the current ratio.
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Everton Manufacturing reported the following
liabilities on its trial balance at December 31, 2021:
Accounts payable: $45,000
Unearned revenue: $12,000
Bonds payable, due 2031: $75,000
Salaries payable: $22,000
Note payable, due 2022: $30,000
Note payable, due 2027: $55,000
What amount should be reported as current liabilities
on Everton's December 31, 2021 balance sheet?
a) $109,000
b) $67,000
c) $77,000
d) $87,000
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An asset owned by Carlisle Industries has a book
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using the straight-line method. Assuming the asset
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should the company record the transaction?
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Financial ratio analysis; Author: The Finance Storyteller;https://www.youtube.com/watch?v=MTq7HuvoGck;License: Standard Youtube License