Chapter 4: i have 15 question to do for homework, however, i’m a

Get Custom Essay on Chapter 4: i have 15 question to do for homework, however, i’m a

Let Our Team of Pofessional Writers Take Care of Your Paper.

Chapter 4:
I have 15 question to do for homework, however, I’m a little confuse with these 2 question, can someone help me please?

The following information for Decher Automotives covers the year ended 2012:
Administrative expense ………………………………. $ 62,000
Dividend income ……………………………………… 10,000
Income taxes ………………………………………….. 100,000
Interest expense ………………………………………. 20,000
Merchandise inventory, 1/1 …………………………… 650,000
Merchandise inventory, 12/31 …………………………. 440,000
Flood loss (net of tax) ………………………………….. 30,000
Purchases ……………………………………………….. 460,000
Sales ……………………………………………………. 1,000,000
Selling expenses ………………………………………… 43,000

Required
a. Prepare a multiple-step income statement.
b. Assuming that 100,000 shares of common stock are outstanding, calculate the earnings per share before extraordinary items and the net earnings per share.
c. Prepare a single-step income statement.


Chapter 7:
7-1
Consider the following operating figures
Net sales………………………………….$1,079,143
Cost and deductions:
Cost of sales…………………………$792,755
Selling and administration…… …$264,566
Interest expense, net….. ……….. 5,059
1,066,691
$12,452

P 7-4 Kaufman Company’s balance sheet follows.
Assets
Current assets
Cash $ 13,445
Short-term investments—at cost (approximate market) 5,239
Trade accounts receivable, less allowance of $1,590 88,337
Inventories—at lower of cost (average method) or market:
Finished merchandise 113,879
Work in process, raw materials, and supplies 47,036
160,915
Prepaid expenses 8,221
Total current assets 276,157
Other assets:
Receivables, advances, and other assets 4,473
Intangibles 2,324
Total other assets 6,797
Property, plant, and equipment:
Land 5,981
Buildings 78,908
Machinery and equipment 162,425
247,314
Less allowances for depreciation 106,067
Net property, plant, and equipment 141,247
Total assets $424,201

Liabilities and Shareholders’ Equity
Current liabilities:
Notes payable $ 2,817
Trade accounts payable 23,720
Pension, interest, and other accruals 33,219
Taxes, other than income taxes 4,736
Income taxes 3,409
Total current liabilities 67,901
Long-term debt, 12% debentures 86,235
Deferred income taxes 8,768
Minority interest in subsidiaries 12,075
Total liabilities 174,979
Stockholders’ equity:
Serial preferred 9,154
Common $5.25 par value 33,540
Additional paid-in capital 3,506
Retained earnings 203,712
249,912
Less cost of common shares in treasury 690
Total shareholders’ equity 249,222
Total liabilities and shareholders’ equity $424,201
Required

a. Compute the debt ratio.

b. Compute the debt/equity ratio.

c. Compute the ratio of total debt to tangible net worth.

d. Comment on the amount of debt that Kaufman Company has











Chapter 9
P 9-1 McDonald Company shows the following condensed income statement information for the
current year:

Revenue from sales….. ………………..$ 3,500,000
Cost of products sold …………………..(1,700,000)
Gross profit………………………………. 1,800,000
Operating expenses:
Selling expenses…… …………………..$ 425,000
General expenses….. ………………..350,000 (775,000)
Operating income….. ………………………1,025,000
Other income……. …………………………..20,000
Interest…… ………………………………….(70,000)
Operating income before income tax……es 975,000
Taxes related to operations………………… (335,000)
Income from operations…………………….. 640,000
Extraordinary loss (less applicable income
taxes o…….f …………………………….$40,000) (80,000)
Income before noncontrolling interest….. 560,000
Noncontrolling interest (loss)…….. ………(50,000)
Net income ……………………………….$ 510,000

Required Calculate the degree of financial leverage.


P9-4 The following data relate to Edger Company:

2011 2010 2009

Earnings per share $ 2.30 $ 3.40 2008 $ 4.54
Dividends per share $ 1.90 $ 1.90 $ 1.90
Market price, end of year $ 41.25 $ 35.00 $ 29.00
Net income $ 9,100,000 $ 13,300,000 $ 16,500,000
Total cash dividends $ 6,080,000 $ 5,900,000 $ 6,050,000
Order backlog at year-end $5,490,800,000 $4,150,200,000 $3,700,100,000
Net contracts awarded $2,650,700,000 $1,800,450,000 $3,700,100,000

Note: The stock was selling

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Best Quality Essays has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.

Essays

Essay Writing Services

At Best Quality Essays, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.

Admissions

Admission and Business Papers

Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.

Editing

Editing and Proofreading

Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.

Coursework

Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.