During a period of time, Nova Systems Inc. reported that total liabilities decreased by $55,300 and stockholders' equity increased by $33,800. By what amount and direction must total assets change during that same period? a) $89,100 increase b) $21,500 decrease c) $89,100 decrease d) $21,500 increase

Loomis, Inc. reported the following on the company’s income statement in two recent years: Please see the image for details: a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place.b. Is this ratio improving or declining?

Identify any favorable and unfavorable trends in the following income statements by preparing a vertical analysis. Write a paragraph explaining what you find. (Round percentages to two decimal places.) Becker Corporation Income Statements For the Years Ended December 31 Year 2 Revenues Operating expenses: Wages expense Rent expense Utilities expense Interest expense Total operating expenses Net income Year 1 $394,000 $212,500 $ 79,000 $ 65,000 19,000 21,000 7,500 18,000 14,200 7,800 $126,500 $105,000 $267,500 $107,500

Calculate the return on assets of this general accounting question

using the total for income and expense, what is the income statement equation for the most recent year? what amount of net sale is reported for each year? what is the % change in sales for each year and the trend in revenues? Operating activities Net income $6,177.4 $ 7,545.2 $ 4,730.5 Adjustments to reconcile to cash provided by operations Charges and credits: Depreciation and amortization 1,870.6 1,868.1 1,751.4 Deferred income taxes (345.7) (428.3) 6.4 Share-based compensation 166.7 139.2 92.4 Net (gain) loss on sale of restaurant and other businesses Other 732.7 (97.8) (28.2) (570.4) (339.1) (75.2) Changes in working capital items: Accounts receivable (264.1) 309.9 (6.8) Inventories, prepaid expenses and other current assets 5.6 (62.2) (68.6) Accounts payable 31.3 225.0 (137.5) Income taxes (546.7) (302.5) (43.6) Other accrued liabilities 129.3 284.0 44.4 Cash provided by operations 7,386.7 9,141.5 6,265.2 Investing activities Capital expenditures (1,899.2) (2,040.0) (1,640.8)…

Lydex Company’s financial statements for the last two years are as follows: Lydex Company Comparative Balance Sheet   This Year Last Year Assets     Current assets:     Cash $ 1,020,000 $ 1,260,000 Marketable securities 0 300,000 Accounts receivable, net 2,940,000 2,040,000 Inventory 3,660,000 2,100,000 Prepaid expenses 270,000 210,000 Total current assets 7,890,000 5,910,000 Plant and equipment, net 9,640,000 9,110,000 Total assets $ 17,530,000 $ 15,020,000 Liabilities and Stockholders' Equity     Liabilities:     Current liabilities $ 4,070,000 $ 3,100,000 Note payable, 10% 3,700,000 3,100,000 Total liabilities 7,770,000 6,200,000 Stockholders' equity:     Common stock, $75 par value 7,500,000 7,500,000 Retained earnings 2,260,000 1,320,000 Total stockholders' equity 9,760,000 8,820,000 Total liabilities and stockholders' equity $ 17,530,000 $ 15,020,000 Lydex Company Comparative Income Statement and Reconciliation   This…

Lydex Company’s financial statements for the last two years are as follows: Lydex Company Comparative Balance Sheet   This Year Last Year Assets     Current assets:     Cash $ 1,020,000 $ 1,260,000 Marketable securities 0 300,000 Accounts receivable, net 2,940,000 2,040,000 Inventory 3,660,000 2,100,000 Prepaid expenses 270,000 210,000 Total current assets 7,890,000 5,910,000 Plant and equipment, net 9,640,000 9,110,000 Total assets $ 17,530,000 $ 15,020,000 Liabilities and Stockholders' Equity     Liabilities:     Current liabilities $ 4,070,000 $ 3,100,000 Note payable, 10% 3,700,000 3,100,000 Total liabilities 7,770,000 6,200,000 Stockholders' equity:     Common stock, $75 par value 7,500,000 7,500,000 Retained earnings 2,260,000 1,320,000 Total stockholders' equity 9,760,000 8,820,000 Total liabilities and stockholders' equity $ 17,530,000 $ 15,020,000 Lydex Company Comparative Income Statement and Reconciliation   This…

Lydex Company’s financial statements for the last two years are as follows: Lydex Company Comparative Balance Sheet   This Year Last Year Assets     Current assets:     Cash $ 1,020,000 $ 1,260,000 Marketable securities 0 300,000 Accounts receivable, net 2,940,000 2,040,000 Inventory 3,660,000 2,100,000 Prepaid expenses 270,000 210,000 Total current assets 7,890,000 5,910,000 Plant and equipment, net 9,640,000 9,110,000 Total assets $ 17,530,000 $ 15,020,000 Liabilities and Stockholders' Equity     Liabilities:     Current liabilities $ 4,070,000 $ 3,100,000 Note payable, 10% 3,700,000 3,100,000 Total liabilities 7,770,000 6,200,000 Stockholders' equity:     Common stock, $75 par value 7,500,000 7,500,000 Retained earnings 2,260,000 1,320,000 Total stockholders' equity 9,760,000 8,820,000 Total liabilities and stockholders' equity $ 17,530,000 $ 15,020,000 Lydex Company Comparative Income Statement and Reconciliation   This…

Lydex Company’s financial statements for the last two years are as follows: Lydex Company Comparative Balance Sheet   This Year Last Year Assets     Current assets:     Cash $ 1,020,000 $ 1,260,000 Marketable securities 0 300,000 Accounts receivable, net 2,940,000 2,040,000 Inventory 3,660,000 2,100,000 Prepaid expenses 270,000 210,000 Total current assets 7,890,000 5,910,000 Plant and equipment, net 9,640,000 9,110,000 Total assets $ 17,530,000 $ 15,020,000 Liabilities and Stockholders' Equity     Liabilities:     Current liabilities $ 4,070,000 $ 3,100,000 Note payable, 10% 3,700,000 3,100,000 Total liabilities 7,770,000 6,200,000 Stockholders' equity:     Common stock, $75 par value 7,500,000 7,500,000 Retained earnings 2,260,000 1,320,000 Total stockholders' equity 9,760,000 8,820,000 Total liabilities and stockholders' equity $ 17,530,000 $ 15,020,000 Lydex Company Comparative Income Statement and Reconciliation   This…

What is the return on assets for the year on these financial accounting question?