Reference no: EM132326303
Question
The following information pertains to Wamser Company:
Cash$22,000
Accounts receivable125,500
Inventory75,000
Plant assets (net)385,000
Total assets$607,500
Accounts payable$75,500
Accrued taxes and expenses payable25,500
Long-term debt49,500
Common stock ($10 par)165,000
Paid-in capital in excess of par89,500
Retained earnings202,500
Total equities$607,500
Net sales (all on credit)$804,500
Cost of goods sold600,500
Net income 81,000
Compute the following: (Round answers to 2 decimal places e.g. 15.25.)
(a)Current ratio
(b)Inventory turnover times
(c)Accounts receivable turnover times
(d)Book value per share$
(e) Earnings per share$
(f) Debt to assets
(g) Profit margin on sales
(h) Return on common stock holders' equity
Should ideal standards or practical standards be implemented
: What are the advantages and disadvantages of each? If you were an employee at one of these organizations, which would you prefer and why?
|
When would the replacement cost of an asset be a more valid
: As accountants, one of the most important things we can do is to help define the real losses and quantify them in a manner that is acceptable by all parties.
|
What might you do to make sure you stay committed
: What does a commitment to ethical professional practice include? Why are some accountants ethical and some are not?
|
Who was expected to read the given words
: Who wrote these words? If you don't know exact names, what body of men issued it? What was the DATE that it was written? Who was expected to read these words?
|
Compute the current ratio and inventory turnover times
: Compute the Current ratio, Inventory turnover times, Accounts receivable turnover times, Book value per share, Profit margin on sales.
|
Hybridism in colonial and postcolonial portugal
: Do the essay Hybridism and Miscegenation in Colonial and Postcolonial Portugal - Watch: Margarida Cardoso, A Costa dos Murmúrios
|
Industry for the patented pharmaceuticals
: If the Gamma Project is fully implemented, how will it affect the industry for the patented pharmaceuticals?
|
Define what motivate hackers to attack computer networks
: Provide an example based on your professional experience of what motivate hackers to attack computer networks? (My Role is RPA Developer). The response must be.
|
Write a fictional letter - diary or self-portrait
: Creative Essay: write a fictional letter, diary or self-portrait by a New State ideologue - The essay brings the figure alive and reconstructs historical
|