Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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Chapter 13, Problem 3R
During 2012, Ponce Towers issued 30,000 additional shares of common stock on June 1 and 24,000 on November 1. The company earned $602,000 from continuing operations and $28,000 from another segment of the business that was discontinued during the year. Use your completed worksheet to prepare a computation of earnings per share for 2012. Erase any data in the Data Section that are not required for 2012. Save the solution for 2012 as EPS3 and print the results.
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This exercise is built around Kroger’s financial statements from the chapter. Total shareholders' equity—The Kroger Co. was $5,384 million at February 1, 2014. Refer to Exhibits 6.1, 6.6 and 6.14 from the chapter.
Required:
Kroger earned an ROA of 6.9% in fiscal 2014. What was ROCE that year? (Round your answer to 1 decimal place.)
ROA at the company fell to 3.7% in fiscal 2017 (adjusted to eliminate the one-time effect on earnings of the Tax Cuts and Jobs Act). What was ROCE that year (also adjusted for the Tax Cuts and Jobs Act)? (Round your answer to 1 decimal place.)
Did financial leverage help or hurt Kroger in fiscal 2017?
1.
ROCE 2014
%
2.
ROCE 2017
%
3.
Did financial leverage help or hurt Kroger in fiscal 2017?
Help or Hurt
The solution provided here is incorrect on both ROCE 2014 and 2017
https://www.bartleby.com/questions-and-answers/accounting-question/c6ae7ccf-dbdc-4f14-a0f2-d10cf6b460ec
This exercise is built around Kroger’s financial statements from the chapter. Total shareholders' equity—The Kroger Co. was $5,384 million at February 1, 2014. Refer to Exhibits 6.1, 6.6 and 6.14 from the chapter.
Required:
Kroger earned an ROA of 6.9% in fiscal 2014. What was ROCE that year? (Round your answer to 1 decimal place.)
ROA at the company fell to 3.7% in fiscal 2017 (adjusted to eliminate the one-time effect on earnings of the Tax Cuts and Jobs Act). What was ROCE that year (also adjusted for the Tax Cuts and Jobs Act)? (Round your answer to 1 decimal place.)
Did financial leverage help or hurt Kroger in fiscal 2017?
1.
ROCE 2014
%
2.
ROCE 2017
%
3.
Did financial leverage help or hurt Kroger in fiscal 2017?
Help or Hurt
Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $660 were declared at the end of the year, and 500 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $3,240 in cash (for a total at the end of the year of 920 shares). These effects are included below:
Prepare a classified balance sheet for the end of the current year.
Please dont provide answer in an image format thank you
Chapter 13 Solutions
Excel Applications for Accounting Principles
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