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ACCT 557 Week 7 Homework Perfect A+ Answers

ACCT 557 Week 7 Homework Perfect A+ Answers

Problem 1:
Plastics Inc is a company that operates in four different divisions. The following information relating to each segment is available for 2013.

Problem 2:
The following information pertains to Walrus Inc.
Cash
$60,000
Accounts receivable
170,000
Inventory
100,000
Plant assets (net)
582,000
Total assets
$912,000
Accounts payable
$110,000
Accrued taxes and expenses payable
42,000
Long-term debt
120,000
Common stock ($10 par)
260,000
Paid-in capital in excess of par
50,000
Retained earnings
3301,000
Total equities
$9,000
Net sales (all on credit)
$2,000,000
Cost of goods sold
1,400,000
Net income
120,000
Required:
Compute the following
(ignore Avg for balance sheet accounts)
(a)
Current ratio
(b)
Inventory turnover
(c)
Receivables turnover
(d)
Book value per share
(e)
Earnings per share
(f)
Debt to total assets
(g)
Profit margin on sales
(h)
Return on common stock equity

 

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ACCT 557 Week 7 Homework Perfect A+ Answers

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