Financial Accounting
3rd Edition
ISBN: 9780133791129
Author: Jane L. Reimers
Publisher: Pearson Higher Ed
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Chapter 10, Problem 21EA
1.
To determine
Determine
2.
To determine
Determine
3.
To determine
Determine inventory turnover ratio for the year January 31, 2011.
4.
To determine
Determine debt-to-equity ratio for the years January 31, 2011
5.
To determine
Determine return on equity ratio for the years January 31, 2011.
To determine
Explain whether the determined ratios reveal any threats for the company.
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The comparative financial statements of Bettancort Inc. are as follows. The market price of Bettancort Inc. common stock was $71.25 on December 31, 2014.
InstructionsDetermine the following measures for 2014, rounding to one decimal place:1. a.Working capital
b. Current ratio
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The comparative statements of Dubai Company are presented below.
All sales were on account. The allowance for doubtful accounts was $3,200 on December 31, 2017, and $3,000 on December 31, 2020.
Required:
1- Compute the following ratios for 2021. (Weighted average common shares in 2021 were 62,500.)
Earnings per share.
Return on common stockholders’ equity.
Return on assets.
Current.
Acid-test.
Accounts receivable turnover.
Inventory turnover.
Times interest earned.
Asset turnover.
Debt to assets.
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Following are the financial statements of AB Ltd. for 2010.
From the aforementioned table, calculate the following:
1. Current ratio
2. Liquid ratio
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5. Fixed assets turnover
6. Total assets turnover
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13. EPS
14. D/P ratio
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Chapter 10 Solutions
Financial Accounting
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