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Shown below are selected data from the financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data). Income statement data: Net sales $ 1,050 Cost of goods sold 475 Operating expenses 395 Net income 300 Balance sheet data: Average total equity 1,500 Average total assets 3,100 Supreme reported earnings per share for the year of $5 and paid cash dividends of $2 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $79 per share.
Supreme's gross profit rate was:
What was Supreme's operating income? (in millions):
Supreme's return on assets was:
Supreme's return on equity was:
Supreme's price-earnings ratio at year end was:
Compute the following items for the statement of cash flows: Beginning and ending Plant Assets, Net, are $99,000 and $92,000, respectively. Depreciation for the period was $11,000, and purchases of new plant assets were $23,000. Plant assets were sol..
q 1. which of the subsequent is not an advantage of post-audits of capital investments?a. they show whether project
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question what company policies or procedures could you recommend to prevent each of the subsequent activities?a a clerk
In September direct labor was 40% of conversion cost. If the manufacturing overhead for the month was $66,000 and the direct materials cost was $20,000, the direct labor cost was: $13,333 $44,000 $99,000 $30,000
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Be sure to include an evaluation of the Footnote disclosures regarding Lucent's inventories in your examination. Does the explanation for the earnings shortfall provided by Lucent's managers make sense in light of your analysis?
Powder Corporation began operations on January 2, 2013, with a total investment of $150,000 by its stockholders. Net income for its first year of business was $90,000. During 2014 and 2015, net income increased to $188,000 and to $217,000, respective..
Which method of inventory costing do you believe is superior to the others in providing information to potential investors -
Carrie owns a truck costing $13,000 and used for personal activities. The truck has a $9,900 FMV when it is transferred to her?business, which is operated as a sole proprietorship. What is the basis of the truck for determining?depreciation? What is ..
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