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We want you to generate cash so you can pay back our loan. But your cash from operations, while positive, is not the end of the story.
How would you respond to a horizontal analysis that showed an expense increasing by over 100%?
What does an increase in the number of days' sales in receivables ordinarily indicate about the credit and collection policy of the firm?
What impact does positive leverage have on the rate earned on stockholders' equity compared to the rate earned on total assets?
For Lindsay Corporation, the working capital at the end of the current year is $5,000 greater than the working capital at the end of the preceding year.
Why would the dividend yield differ significantly from the rate earned on common stockholders' equity?
Prepare an income statement in comparative form, stating each item for both 2007 and 2006 as a percent of sales.
The price-earnings ratio for the common stock of Benoit Company was 10 at December 31, the end of the current fiscal year.
Discuss some possible causes of the apparent weakening of the current position, while sales and net income have increased substantially.
Prepare a comparative balance sheet for 2007 and 2006, stating each asset as a percent of total assets and each liability and stockholders' equity item.
Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for 2007 when compared with 2006.
Calculate the rate earned on total assets and rate earned on stockholders' equity for 2006 and 2007.
What conclusions can be drawn from these data concerning accounts receivable and credit policies?
There were 10,000 shares of $150 par common stock outstanding throughout the year.
Glow-Rite Lighting Company had earnings for 2006 of $740,000. The company had 125,000 shares of common stock outstanding during the year.
Hazard Guard Insurance Company had 100,000 shares of $4, $100 par value preferred stock issued and outstanding during 2006.
Determine the net after-tax unrealized gain or loss from holding the Lambert Acres common stock for 2006 and 2007.
Prepare a statement of comprehensive income presentation for the temporary investments.
On February 27, Ball Corporation acquired 3,000 shares of the 50,000 outstanding shares of Beach Co. common stock at 40.75 plus commission charges of $150.
A cash dividend of $3.40 per common share is paid by Caleb Corp. during the current period.
Journalize the entry for receipt of the dividend making the credit to Investment in Affiliates.
Sold the bonds at 100 plus accrued interest of $4,500. The bonds were carried at $267,250 at the time of the sale.
Explain the difference in the price-book ratio between the two companies.
Purchased 4,000 shares of the 150,000 outstanding common shares of Haslam Corporation at 48 per share plus commission and other costs of $168.
Received the regular cash dividend of $1.30 a share and a 3% stock dividend on the Davidson Corporation stock.