2007 (,000) Current liabilities $ 554,114 Convertible subordinated debt 648,020 Total liabilities 1,228,313 Stockholders' equity 176,413 Net income 58,333 (a) Compute the following ratios: Return on Assets = Net Income / Total Assets Total Assets = Total Liabilities + Stockholders’ Equity = 1,228,313 + 176,413
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Case No. 7 – 3 Stafford Press 1. Analyze the effect of each of these transactions on the items in the balance sheet and income statement. For transactions that affect owner’s equity, distinguish between those that affect the net income of the current year and those that do not. In most cases, the results of your analysis can be set forth most clearly in the form of journal entries. 1.) Amount in dollars ($) Land | | 34,004 | Building | 350,064 | | Accumulated Depreciation | 199,056 |
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between AT&T and its three main competitors Verizon Communications, Sprint Nextel and T-Mobile, which is a subsidiary of Deutsche Telekom. Beginning with AT&T's balance sheet, we see that total assets decreased from 2007-2011 (-1.95%), total liabilities increased 2.66% and stockholders equity decreased (-9.32%). This is not a huge change, especially over five years. In actuality, considering the financial climate of the current economy, this is not a startling change. The current ratio of AT&T
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according to the rule of arithmetic. Statistics: A branch of mathematics dealing with the collection, analysis, interpretation & presentation of masses of numerical data. THE Accounting Equation (Common version of the equation) Assets= Liabilities + Owners Equity “A=L+O” (Extended Version of the
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income/Average No. of outstanding shares | | 2011-$2.00 = 60,000/30,0002012- $2.12=70,000/33,000 | | B. Working capital. | | Working capital = current assets - current liabilities | | 2011- 85,000 = 155,000-70,0002012- 113,000 = 188,000- 75,000 | | C. Current ratio. | | Current ratio = Current assets/Current liability | | 2011 :2.2 =155,000/70,0002012: 2.5 = 188,000/75,000 | | D. Debt to total assets ratio. | | | | Debt to total asset ratio = Total debt/Total assets | |
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High Art, Low Value – How a Connoisseur Became a Convict Lawrence Fairbanks, the assistant vice-chancellor of communications at Aesop University was allowed to make purchases for his department of under $2,500 without external approval. Unfortunately, he sometimes also bought items for himself, which included expensive antiques and other collectibles. How did he do it? He replaced the vendors’ invoices that he received with fake vendor invoices. He was the one who created these fake vendor
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Mid-Term Examination #2 ADM 3349 B AUDITING THEORY November 18, 2009 Professor: B. Church | | |INSTRUCTIONS | | | |1. Books and notes are not permitted.
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Financial Statements Analysis Project By Mayra Mangual Contents Research Summary 3 Appendix B: Research Summary 3 About Kohl’s Corporation 5 Inventory cost-flow assumption 7 Depreciation method 7 Major Operating Segments 7 DuPont analysis of Competitors 8 Company News 9 Financial Statement Analysis 10 Balance Sheet Analysis 10 Income Statement 13 Statement of Cash flows 16 Asset Management 17 Ratio Analysis 20 Appendix 1: 24 Consolidated Statement of Financial
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Cash Net income A -100 0 B 0 -20 C 0 1300 D 800 800 E -2500 0 F 0 -600 4-2a VOGEL CONSULTING Trial Balance June 30, 2012 Debit Credit Cash $ 6,850 Accounts Receivable 7,000 Prepaid Insurance 2,880 Supplies 2,000 Equipment 15,000 Accounts Payable $ 4,230 Unearned Service Revenue 5,200 Common Stock 22,000 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 2,000 $39,730 $39,730 A) Supplies
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liquidity ratios, debt/solvency/leverage ratio, activity/efficiency ratio and profitability ratio. The liquidity position of the company was not bad in any of the two years, but in 2010 the per unit current asset available for per unit current liability had decreased. The company’s cash is hand was very high in 2010. Which enhanced the company’s cash position ratio in 2010. Among the ratios calculated, profitability ratios are the simplest.Little financial knowledge is necessary for understanding
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