Brief Exercise 9-13 Blue Spruce Ltd. has a single investment that it acounts for using FV-OCI. The carrying value of the investment at the last reporting period was $65,900. To date, $2,970 of unrealized gains on fair value adjustments have been recorded to other comprehensive income. The original cost of the investment is therefore $62,930. On June 15, when the market value of the investment is $66,340, Blue Spruce sold the investment. Using the three-step approach, record the sale and reclassification (recycling) entry at June 15, assuming the investment an equity investment and the company reclassifies gains or losses to Retained Earnings on disposition of the investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry Entry" for the account titles and enter o for the amounts.) is "No Account Titles and Explanation Debit Credit (To adjust to fair value at date of disposal) (To record disposal) (To reclassify holding gain)

eBook Determining missing items in return on investment and residual income computations The following table presents various rates of return on investment and residual incomes: InvestedAssets OperatingIncome Return onInvestment MinimumRate ofReturn MinimumAcceptableOperatingIncome ResidualIncome $980,000   $215,600   (a)   12%   (b)   (c)   520,000   (d)   (e)   (f)   $62,400   $20,800   320,000   (g)   14%   (h)   35,200   (i)   240,000   50,400   (j)   12%   (k)   (l)   Determine the missing items, identifying each item by the appropriate letter. Round dollar amounts to the nearest whole number.   Answer a. fill in the blank 1 % b. $fill in the blank 2   c. $fill in the blank 3   d. $fill in the blank 4   e. fill in the blank 5 % f. fill in the blank 6 % g. $fill in the blank 7   h. fill in the blank 8 % i. $fill in the blank 9   j. fill in the blank 10 % k. $fill in the blank 11   l. $fill in the blank 12

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Please complete all requirement and Do Not Give solve in imamge format

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21-13 Current Asset Usage Policy Payne Products had $1.6 million in sales revenue in the most recent year and expects sales growth to be 25% this year. Payne would like to determine the effect of various current assets policies on its financial performance. Payne has $1 million of fixed assets and intends to keep its debt ratio at its historical level of 60%. Payne’s debt interest rate is currently 8%. You are to evaluate three different current asset policies:(1) a restricted policy in which current assets are 45% of projected sales, (2) a moderate policy with 50% of sales tied up in current assets, and (3) are relaxed policy requiring current assets of 60% of sales. Earnings before interest and taxes are expected to be 12% of sales. Payne’s tax rate is 40%. a. What is the expected return on equity under each current asset level? b. In this problem, we have assumed that the level of expected sales is independent of current asset policy. Is this valid assumption? Why or why not? c.How…

Exercise 11-1 (Algo) Compute the Return on Investment (ROI) [LO11-1] Alyeska Services Company, a division of a major oll company, provides various services to the operators of the North Slope oll field in Alaska. Data concerning the most recent year appear below: Sales Net operating income Average operating assets Required: 1. Compute the margin. Note: Round your answer to 2 decimal places. 2. Compute the turnover. $ 17,400,000 $ 4,700,000 $ 35,200,000 Note: Round your answer to 2 decimal places. 3. Compute the return on Investment (ROI). Note: Round your Intermediate calculations and final answer to 2 decimal places. 1. Margin 2. Turnover 3. ROI %

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