Financial Accounting (12th Edition) (What's New in Accounting)
Financial Accounting (12th Edition) (What's New in Accounting)
12th Edition
ISBN: 9780134725987
Author: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
Publisher: PEARSON
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Chapter E, Problem E.33Q
To determine

The amount that should be stated in the balance sheet of Company C.

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Requirement             1.      Compute the following ratios for both companies for the current year, and decide which company’s stock better fits your investment strategy.   a.   Acid-test ratio             b.   Inventory  turnover           c.   Days’ sales in receivables           d.   Debt ratio             e.   Earnings per share of common stock         f.    Price/earnings ratio           g.   Dividend payout
From the following ratios and given information: 1.Fixed Assets: 40,00,000 2. Closing Stock: 4,00,000 3.Stock Turnover Ratio: 10 4.Gross Profit Ratio: 25% 5.Net Profit Ratio: 20% 6.Net Profit to Capital: 1/5 7.Capital to Total Liabilities: 1/2 8.Fixed Assets to Capital: 5/4 9.Fixed Assets to Total Current Assets: 5/7 Total Current Assets will be... ans. 1,50,000 56,00,000 2.80.000 3,75,000
Margaret O'Flaherty, a portfolio manager for MCF Investments, is considering investing in Alpine Chemical 7% bonds, which mature in 10 years. She asks you to analyze the company to determine the riskiness of the bonds. Alpine Chemical Company Financial Statements Years Ended December 31, ($ in millions) 20X1 20X2 20X3 20X4 20X5 20X6 Assets Cash $ 55 $ 1,637 2,021 190 $ 2,143 1,293 157 249 $ 1,394 1,258 3,493 1,322 Accounts receivable 3,451 1,643 2,087 Inventories 945 Other current assets 17 27 55 393 33 171 5,097 6,181 Current assets 3,114 5,038 2,543 2,495 3,986 5,757 3,138 3,865 2,707 5,619 2,841 2,778 5,265 4,650 2,177 2,473 Gross fixed assets 7,187 3,893 3,465 2,716 Less: Accumulated depreciation Net fixed assets 2,619 3,294 Total assets $6,338 $5,609 $5,485 $6,605 $7,813 $8,559 Liabilities and net worth Notes payable Accounts payable $1,300 338 $ 525 2$ 750 $1,750 $1,900 673 638 681 743 978 Accrued liabilities 303 172 359 359 483 761 Current liabilities 1,501 1,985 1,997 1,457…

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Financial Accounting (12th Edition) (What's New in Accounting)

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