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Listed in the right-hand column below are certain financial ratios. To the left of each ratio is a business transaction or event relating to the operating activities of Candice, Inc., an exporter of ceramic tile?
Business Transaction or Event Ratio_________________1. The company declared a cash dividend.Current ratio2. The company sold inventory on account.Acid-test ratio (quick ratio)3. The company's net income decreased by Times interest earned5 percent between last year and this year.Long-term debt remained unchanged.4. A previously declared cash dividend was paid.Current ratio5. Obsolete inventory totaling $60,000 was Inventory turnover ratiowritten off at a loss.6. The company sold inventory for cash at a profit.Debt-to-equity ratio7. The company issued common stock for cash.Earnings per share8. The company paid $7,000 on accounts payable.Current ratio9. The company purchased inventory on credit terms.Acid test (quick ratio)10. The market price of the company's common Price earnings ratiostock increased from $24.50 to $37.20.Earnings per share remained unchanged.
Required:
Indicate the impact of the transaction on the corresponding ratio (increase, decrease, or no effect).
Refer to the information in Problem 20-5B. Assume that Switch uses the FIFO method to account for its process costing system.
1 precision lens company manufactures sophisticated lenses and mirrors used in large optical telescopes. the company is
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The cycle in a hospital from admission to collection of the billing can be broken down into the following phases: cash, purchase of resources, availability of resources, patient treatment, patient release, billing, receivables and collection.
Rodgers manufactures two products A and B.The firm predicts a sales volume of 10,000 units for product A and ending finished goods inventory of 2000 units.These numbers for product B are 12000 and 3000 respectively. Rodgers currently has 7000 units o..
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1. Compute total asset turnover for the most recent two years for Polaris and Arctic Cat using the data shown.
BK Consulting is a management consulting firm.
Calculate the total projected sales for the quarter and At the local ice cream shop, there's a sign posted that reads, "If you don't receive a receipt, your next ice cream is free!" Is this an internal control procedure? If so, how does it work?
In December 2012, Yerbury Company's manager estimated next year's total direct labor cost assuming 50 persons working an average of 2,000 hours each at an average wage rate of $ 25 per hour.
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