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Question - Cat Fancy. Inc., has provided the following information from its most current financial statements.
Total revenue $150,000
Total expenses 96,000
Total current assets 38,400
Total current liabilities 9,600
Total stockholders' equity, previous year 88,800
Total stockholders' equity current year 91,200
Required -
a. Compute the company's net income percentage in the current year.
b. Compute the company's return on equity in the current year.
c. Compute the company's current ratio at December 31, current year.
At Raymond Company, the following errors were discovered after the transactions had been journalized and posted. Prepare the correcting entries
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If the investor holds the bond until it matures and collects the $1,000 par value from the Treasury and his marginal tax rate is 28 percent, what will his after-tax yield to maturity be?
Journalize the revenue transaction, and indicate how recording this revenue in December would affect the current ratio
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Sales for for 2013 totaled $6,400,000. Cost of goods sold was $3,540,864. Compute Findlay's cost of goods sold assuming it uses the FIFO method
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