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The comparative statements of Villa Tool Company are presented below.
For the Year Ended December 31
1,011,500
996,000
516,000
479,000
18,000
14,000
81,000
77,000
$ 192,000
$ 184,500
December 31
123,000
115,500
369,900
332,500
600,300
520,300
$970,200
$852,800
43,500
42,000
203,500
187,400
200,000
403,500
387,400
286,700
165,400
566,700
465,400
Compute the following ratios for 2012. (Weighted average common shares in 2012 were 57,000, and all sales were on account.)
(a) Earnings per share$
(b) Return on common stockholders' equity
(c) Return on assets
(d) Current:1
(e) Acid-test:1
(f) Receivables turnovertimes
(g) Inventory turnovertimes
(h) Times interest earnedtimes
(i) Asset turnovertimes
(j) Debt to total assets
Discuss the role of the managerial accountant in today's business environment. How has the role changed and evolved over time?
Identifying the External borrowings requirement or excess cash generated by preparing the pro-forma balance sheet - Forecast the firm's December 31, 2010 pro-forma balance sheet. Identify the external financing need (EFN) or excess cash generated.
For the year ended December 31, 2011, Bolivar reported net income of $312,000 and paid cash dividends of $96,000. Required: Prepare a schedule to show the balance Jenkins should report as its Investment in Bolivar Co. at December 31, 2011.
The estimated variable manufacturing overhead was $7.17 per labor hour and the estimated total fixed manufacturing overhead was $584,320. The actual labor hours for the year turned out to be 33,300.
Compare and contrast the consumer price index (CPI) and the gross domestic product (GDP) price index regarding their viability in tracking the current health of the economy.
How have you organised your personal work environment in accordance with ergonomic requirements? Illustrate what resource conservation techniques will you adopt as you plan your work activities?
Calculate the break -even point for the year 2007 and calculate the break -even point under each alternative course of action above.
Erroneously recorded and accounts payable and Prepare bank reconciliation as of 31 Oct from
You represent Michael, who asks whether he must report gain on the transfer. Prepare a letter to Michael and a memorandum for the tax files documenting your response.
Prepare a Statement of Cash Flows in good form using the above information and the indirect method. Prepare the Net Cash Provided by Operating Activities section, using the above information, using the direct method.
A newly hired manager of a engineering company,does not understand how the cost of the firm's equipment is expensed. In memo format, explain how depreciation provides a means of expensing the cost of equipment.
stable employment experience, the company’s state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Preston Co.?
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