Loose Leaf Advanced Accounting with Connect Access Card
12th Edition
ISBN: 9781259184741
Author: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 4, Problem 3Q
What is a control premium and how does it affect consolidated financial statements?
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Computing Return on Assets and Applying the Accounting Equation
Nordstrom Inc. reports net income of $564 million for a recent fiscal year. At the beginning of that fiscal year, Nordstrom had $8,115 million in total assets. By fiscal year end, total assets had decreased to $7,886 million. What is Nordstrom’s ROA? Note: Enter answer as a percentage rounded to the nearest 2 decimal places (ex: 24.58%).
ROA Answer
Computing and Interpreting Financial Statement RatiosFollowing are selected ratios of Norfolk Southern.
Return on Assets (ROA) Component
FY4
FY3
Profitability (Net income/Sales)
25.7%
27.0%
Productivity (Sales/Average assets)
0.329
0.291
a. Was the company profitable in FY4? Answer 1b. In which year was the company more profitable? Answer 2c. Is the change in productivity a positive or negative development? Answer 3d. Compute the company’s ROA for both years. Note: Enter your answer as a percentage rounded to one decimal place (Ex: 29.4%).FY4 Answer 4%FY3 Answer 5%e. From the information, which of the following best explains the change in ROA during FY4?
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Chapter 4 Solutions
Loose Leaf Advanced Accounting with Connect Access Card
Ch. 4 - Prob. 1QCh. 4 - Atwater Company acquires 80 percent of the...Ch. 4 - What is a control premium and how does it affect...Ch. 4 - Prob. 4QCh. 4 - How is the noncontrolling interest in a subsidiary...Ch. 4 - Prob. 6QCh. 4 - Prob. 7QCh. 4 - Prob. 8QCh. 4 - Prob. 9QCh. 4 - Prob. 10Q
Ch. 4 - Prob. 1PCh. 4 - Prob. 2PCh. 4 - Prob. 3PCh. 4 - Prob. 4PCh. 4 - Prob. 5PCh. 4 - Prob. 6PCh. 4 - Prob. 7PCh. 4 - Prob. 8PCh. 4 - Prob. 9PCh. 4 - Prob. 10PCh. 4 - Prob. 11PCh. 4 - Prob. 12PCh. 4 - Prob. 13PCh. 4 - Prob. 14PCh. 4 - Prob. 15PCh. 4 - Prob. 16PCh. 4 - Prob. 17PCh. 4 - Prob. 18PCh. 4 - Current liabilities: a. 50,000 b. 46,000 c. 40,000...Ch. 4 - Prob. 20PCh. 4 - Stockholders equity: a. 80,000 b. 90,000 c. 95,000...Ch. 4 - Prob. 22PCh. 4 - Prob. 23PCh. 4 - Prob. 24PCh. 4 - Prob. 25PCh. 4 - Prob. 26PCh. 4 - Prob. 27PCh. 4 - Prob. 28PCh. 4 - Prob. 29PCh. 4 - Prob. 30PCh. 4 - Prob. 31PCh. 4 - Prob. 32PCh. 4 - Prob. 33PCh. 4 - Prob. 34PCh. 4 - Prob. 35PCh. 4 - Prob. 36PCh. 4 - Prob. 37PCh. 4 - Prob. 38PCh. 4 - Prob. 39PCh. 4 - Prob. 40PCh. 4 - Prob. 41PCh. 4 - Prob. 42PCh. 4 - Prob. 1DYS
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