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(Ratio Computations and Discussion) Sprague Company has been operating for several years, and on December 31, 2014, presented the following balance sheet.
The net income for 2014 was $25,000. Assume that total assets are the same in 2013 and 2014.
Instructions
Compute each of the following ratios. For each of the four, indicate the manner in which it is computed and its significance as a tool in the analysis of the financial soundness of the company.
(a) Current ratio. (c) Debt to assets.
(b) Acid-test ratio. (d) Return on assets.
which of the following statements is not considered a disadvantage of the corporate form of organization?a.
The board of directors plans to pay dividends in the amount of $1 million this year.What amount will go to preferred stockholders? How much will be available for common stock dividends?
Which of the following is an example of an internal user of accounting information?
What it the NPV of the proposed acquisition? Note that you must first calculate the value to Blazer of Laker's equity.
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on july 1 2012 selig company purchased for cash 40 of the outstanding capital stock of spoor corporation. both selig
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given the following data for harder company compute cost of goods manufactured direct materials used 120000 beginning
An IRS agent thinks Trip, as an accrual basis taxpayer, should report $1,000 of income in 2015, when the work was done, and then deduct a $100 loss in 2016. Prepare a memo to Susan Apple, the treasurer of Trip, with the recommended treatment for t..
the united kingdom has adopted accounting principles that provide disclosure designed to reflecta. economic
Larsen Corporation reported $100,000 in revenues in its 2010 financial statements, of which $44,000 will not be included in the tax return until 2011. The enacted tax rate is 40% for 2010 and 35% for 2011. What amount should Larsen report for defe..
Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $56,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $20,000. In year 1, Beau Geste incurs a loss of $187,500 ..
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