EXERCISES 1. Rockwell Paper Company had earnings after taxes of $580,000 in the year 2003 with 400,000 shares of stock outstanding. On January 1, 2004 the firm issued 35,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 25 percent. a. Compute earnings per share for the year 2003. b. Compute earnings per share for the year 2004. ................................................................................
Words: 1785 - Pages: 8
CARPLEX EXECUTIVE SUMMARY Carplex is a prominent car caretaker service provider serving the Mumbai car owners. The Business Carplex will be providing customers with the following services: • Car parking – the customers can station their car with us for a period upto 1month without any hesitance about the safety. The aim is to provide a safe and a clean parking environment to the cars for any period of time. • Car cleansing – various types of cleansing options are available for the
Words: 2891 - Pages: 12
Taylor Hagans DeVry University Financial Statement Analysis of Apple, Inc. 10/14/2012 Question 1 | |2010 |2009 | |Property and equipment, net | 4,768 | 2,954 | |Depreciation expense | 1,027 | 734 | |Cash flow:
Words: 1179 - Pages: 5
City Of San Jose CaFr & Budget Analysis Teja Gadde City of San Jose- Introduction: The city of San Jose, CA, is the self proclaimed capital of the Silicon Valley. Initially, it was the first civilian settlement in California in 1777 and was also the 1st state capital of California. Today, San Jose is the third largest city in California, following only Los Angeles and San Diego. It has an estimated population of over 950,000 people. San Jose has a very diverse population; 33.2% Hispanic
Words: 1754 - Pages: 8
Balance Sheet Shows property (Assets) and how this property is financed (Liabilities). Simplified scheme: Assets Liabilities + Equity A. Fixed assets - property, plant & equipment - intangible assets (patents etc.) Operating current assets A. Owners’ equity/Capital - capital - accumulated retained profits/losses B. Current assets - inventories - accounts receivable - cash - trading securities B. Liabilities/Debt -
Words: 1137 - Pages: 5
years 2003 and 2004. Current Ratio: 2003 Current Ratio = Current Assets Current Liabilities Current Ratio =82,058 93,975 Current Ratio = 0.87 2004 Current Ratio = Current Assets Current Liabilities Current Ratio =302,902 337,033 Current Ratio = 0.90 (rounded -up) Long-Term Solvency Ratio: 2003 Long-Term Solvency Ratio Total = Total Assets Total Liabilities Long -Term Solvency Ratio = 359,863 259,979 Long -Term Solvency Ratio =1.38
Words: 2122 - Pages: 9
Accounts payable are created by the purchase of inventory or supplies. Accrued liabilities are those debts that grow gradually over time. All such liabilities must be recorded prior to the preparation of financial statements. In today’s retail world, many companies sell gift cards. Because a product or service must be provided to the holder of a gift card, the company has an obligation and a liability is reported. The liability is later
Words: 379 - Pages: 2
qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuio
Words: 1734 - Pages: 7
Pepsi Co 2005 Ratio 2004 Ratio Current Assets $10,454 Current Assets $8,639 Current Liabilities $9,406 Current Liabilities $6,752 Divide 10,454 by 9,406 = 1.11% Divide 8,639 by 6,752 = 1.28% 2005 Vertical 2004 Vertical Current Assets
Words: 368 - Pages: 2
Practice Work: 1. Adjusting and closing entries. The following trial balance was taken from the books of Caslup Corporation on December 31, 2010. Account Debit Credit Cash $ 40,000 Accounts Receivable 108,000 Note Receivable 8,000 Allowance for Doubtful Accounts $ 1,800 Merchandise Inventory 54,000 Unexpired Insurance 4,800 Furniture and Equipment 138,000 Accumulated Depreciation of F. & E. 15,000 Accounts Payable 10,800 Common Stock 44,000 Retained Earnings 65
Words: 2253 - Pages: 10
