Evaluate net income and ratios

Assignment Help Cost Accounting

Reference no: EM132294

Question:

Problem 1

Consider you want to purchase a million dollar home in twenty five years

How much money should you invest each year at 10 percent to purchase the house in cash?

Problem 2

Decision making. Consider that a person has the following options:

a. Placing $ 10,000 in a saving account paying 6 percent compounded semiannually or

b. investing in a business such that the value of the investment after 8 years is 16,000. Which is a better investment?

Problem 3

Corleone Olive Oil Company had the given account balances at August 31, 2011

Hint: Evaluate net income and ratios

Accounts Payable

Accounts Receivable

Accumulated depreciation

Cash

Cost of Goods Sold

Equipment

Inventory

Owner's Equity

Rent expense

Sales revenue

Wages payable

Bumber of common shares

Required: Determine the following ratios:

1. Earnings per share

2. Debt to equity

3. Current ratio

4. Quick ratio

5. Return on Equity

Reference no: EM132294

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