Accounting concepts and applications 11th Edition Albrecht Stice, Stice Swain - Solutions

Assets Current assets: Cash ..... Accounts receivable Inventory. $4,800 9,300 6,000 $20,100 33,000 5,700 $58,800 Total c

Year 2 Year 1 Assets $ 3,200 6,400 15,000 25,000 $49,600 $ 4,000 8,000 17,000 25,000 $54,000 Cash Accounts receivable In

Year 2 Year 3 Year 1 20.7% 0,53 1.35 Return on sales Asset turnover Assets-to-equity ratio 19.6% 0.51 1.30 18.9% 0.47 1.

Tony Corporation Balance Sheet December 31, 2012 Assets Current assets: $ 15,000 21,000 S 36,000 30,000 60,000 S126,000

Rodman Company Balance Sheet December 31, 2012 Assets Current assets: Cash (a) Accounts receivable 55,000 Total current

2012 2011 Sales Cost of goods sold. Gross profit on sales Selling and general expenses Operating income. Interest expens

2011 2012 S 34,000 43,000 68,000 91,000 $236,000 Cash Accounts receivable $ 25,000 30,000 55,000 Inventories. Property,

2012 2011 S 75,000 Cash $ 68,000 Accounts receivable Inventories. Property, plant, and equipment Total assets 80,000 150

2012 2011 $1,600,000 $900,000 480,000 Sales. Cost of goods sold. 1,020,000 $ 580,000 200,000 $ 380,000 80,000 Gross prof

2011 2010 2012 $ 50,000 Current assets Total assets Current liabilities. Total liabilities Stockholders

Iffy Model $ 120 Cash $ 900 4,500 6,000 15,000 18,150 8,250 75,000 66,750 5,250 3,000 Accounts receivable 600 Inventory.

Faulty Benchmark $ 500 2,740 6,100 6,300 11,730 3,910 45,000 32,100 4,200 7,760 $ 140 Cash Accounts receivable 900 2,200

2012 2011 2010 Total assets Total liabilities Stockholders

Rollins Company Income Statement For the Year Ended December 31, 2012 $200,000 Revenue from services Operating expenses:

Kau and Sons Co. Income Statement For the Year Ended December 31, 2012 Revenues. $320,000 Expenses: Supplies expense Sal

Assets-to- Asset Turnover Equity Ratio Return on Sales Retail jewelry stores. Retail grocery stores Electric service com

Year 3 Year 1 Year 2 Net sales (in millions): Parker Enterprises, Inc. Boulder, Inc.. Net accounts receivable (in millio

Atkins Burbank Electronics Computers Beginning inventory. Ending inventory Cost of goods sold $ 100,000 $ 50,000 750,000

2012 2011 $ 5,000 500,000 550,000 300,000 800,000 $ 27,000 Cash Accounts receivable 480,000 280,000 660,000 Inventory La

Perfume Pagoda Company Selected Financial Statement Data For the Years Ended December 31, 2012 and 2011 2012 2011 $55,00

Millard Grantsville $30,000 $55,000 $15,000 $20,000 S90,000 $160,000 $80,000 S130,000 Current assets Long-term assets Cu

2012 2011 Net sales Cost of goods sold Gross profit on sales Selling and general expenses Operating income. Interest exp

Wong Shek Company Financial Statements For 2011 and 2012 $ 10 Cash 14 Receivables Inventory. Property, plant, and equipm

Clarksville Corporation Comparative Income Statements For the Years Ended December 31 2010 2012 2011 $5,700,000 4,000,00

Big Brother Company Comparative Balance Sheet December 31, 2012 and 2011 2012 2011 Assets: S 38,000 11,000 220,000 70,00

John Spencer Corporation Comparative Balance Sheet December 31, 2012 and 2011 2012 2011 Assets: $ 4,000 16,000 40,000 10

2012 2011 2010 Accounts receivable Sales revenue $145,000 S100,000 250,000 240,000

2012 2011 $ 30,000 400,000 500,000 200,000 Cash Accounts receivable 500,000 700,000 300,000 800,000 400,000 Inventory. L

Mushu Company Selected Financial Statement Data For the Years Ended December 31, 2012 and 2011 (in millions of dollars)

Industry Comparison Shaycole 4.7 1.8 times 0.317 Current ratio Asset turnover Debt ratio 1.9 1.4 times 0.564

3 O 1998 1999 2000 2001 12 Months

Electronic & Communication formance Pharma- Agriculture & Coatings Per- Safety & Materials ceuticals Protection Others &

Chrysler Overall Daimler-Benz Automotive Automotive Overall DM 124,050 8,042 DM 91,632 3,501 46,955 $61,147 2,805 60,418