User Account

All Pages

Compute the debt ratio for year

Assignment Help Financial Accounting
Reference no: EM132583965

Total assets (40% of which are current)    $477,000            $381,000

Current liabilities                                   $80,000             $100,000

Bonds payable, 12%                              100,000              50,000

Capital stock, $5 par value                       100,000            100,000

Retained earnings                                 197,000             131,000

Total liabilities & stockholders' equity $477,000              $381,000

Dividends of $16,000 were declared and paid in year 2.

Question a. Compute the current ratio for year 2 and year 1. (Round to 1 decimal place.)

Question b. Compute the debt ratio for year 2 and year 1. (Round percentage answers to nearest whole percent. i.e. 0.1234 as 12%.)

Question c. Compute the earnings per share for year 2. (Round to 2 decimal places.)

Reference no: EM132583965

Questions Cloud

Multinational organization uses steel at locations : Presently, your multinational organization uses steel at locations across the U.S. and globally with operations in Mexico, Russia, India, and China.
Scope of the project and project management plan : Develop the project scope document and prepare a list of questions for the additional information you need to discuss with the Operations Manager
Compute the amounts of roy toys total current assets : Compute the amounts of Roy's Toys total current assets. (answer in millions of dollars.)Compute for Roy's Toys quick ratio. (Round to 1 decimal place.)
Financial management in health care : Research information about current considerations and challenges related to the financial and budgetary systems in health care organizations.
Compute the debt ratio for year : Dividends of $16,000 were declared and paid in year 2. Compute the debt ratio for year 2 and year 1. Compute the earnings per share for year 2.
Write report on contemporary supply chain management topic : Write a report on one important contemporary supply chain management topic that you think is of contemporary relevance or will have a major impact in the future
Explain in detail the accreditation process for hospital : provide evidence-based justification and rationalization to your discussions. Explain in detail the accreditation process for a hospital.
Find and mark the five false statement : While the other statements are true. For this assignment, find and mark the five false statements. Then, re-word the false statements to make them true.
Benchmarking important in quality improvement management : Why is benchmarking important in quality improvement management? Why do leaders need to be a part of QI projects?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Cumulative gross earnings

cumulative gross earnings, including overtime pay, of $92,000 prior to this pay.

  Analysis on the working capital management of pure image ltd

Sales from credit represent 25% of the total sales, Comment on the viability of their analysis and comment on the working capital management of Pure Image Ltd.

  Identify the companys manufacturing segment

Discuss budgeting considerations. - Include the organization's budget process, the organization's budget variances and discuss management decisions related to budgeting.

  Which is the final step in the accounting cycle

A trial balance prepared after the adjusting and closing entries have been posted, and which is the final step in the accounting cycle, is a(n)

  Costs would be assigned to manufacturing overhead

The Catalina Company incurred the following labor costs: Wages of assembly line workers...................... $40,000 Salaries of shop supervisors........................ 32,000 Sales commissions................................... 22,000 Salary of th..

  Assist friend by calculating if is an inventory loss

Your friend owns a small store that sells pet food. Assist your friend by calculating if there is an inventory loss. Explain to him/her how an inventory

  Purpose of the statement of cash flows

Describe the purpose of the statement of cash flows. Examine the usefulness and limitations of financial statement analysis

  Discuss the process of monetary union in Europe

Discuss the process of monetary union in Europe and the issues relevant to the FX markets that are implied in the above statement

  What was the balance in prepaid rent on the year-end

During the year, Florida paid ad­ ditional rent in advance amounting to $16,275. The rent expense for the year was $16,850. What was the balance in prepaid rent on the year-end balance sheet?

  Accounting change on beginning retained earnings

On December 31, 2015, Toys Inc. appropriately changed its inventory valuation method from weighted-average cost to FIFO method for financial statement and income tax purposes. The change will result in a $500,000 increase in the beginning inventory a..

  Determine net income under the cash basis

During 2012, stacker enterprises earned $55, 00 from services provided and incurred $15,000 of expenses. At the end of the year, stacker had received cash for $35,750 of the revenues and had paid $11,600 of the expenses. Also during 2012, stacker rec..

  What is the weighted average contribution margin

What would be the financial impact, What is the weighted average contribution margin(WACM) percentage for Bridgestone's next annual budget

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd