Draw up a statement of comprehensive income and a statement of financial position for Ingersoll for 2014
Question:
Transcribed Image Text:
2014 2015 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends $ 7,835 $ 8,409 1,126 3,060 1,125 2,696 639 525 603 4,1095,203 5,439 6,127 746 13,46016.050 34,455 35,277 4,3164,185 9.938 1,051 794 9,670 956
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
tr msoheightsourceauto col msowidthsourceauto br msodataplacementsamecell style16 msonumberformat00220022 00000220022 00000220022 00220022 msostylenameCurrency msostyleid4 style0 msonumberformatGenera...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Corporate Finance
ISBN: 978-0071339575
7th Canadian Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Ro
Question Posted:
Students also viewed these Managerial Accounting questions
-
Consider the goods market model where consumption is given by: C = Co + C(Y-T), investment is given by: I = bo + bY - bi, and G and T are given. Assuming Co 100, C1 = 0.6, bo = 150, b be the change...
-
A recent statement of comprehensive income for Caterpillar, Inc., was disclosed as follows (all amounts in millions): The balance sheet dated December 31, 2003, showed a retained earnings balance of...
-
A consolidated statement of comprehensive income for Eli Lilly, a major pharmaceutical, is provided below (dollars in millions). REQUIRED:Define comprehensive income and describe the events that led...
-
In a recent survey, 80% of the community favored building a police substation in their neighborhood. If 20 citizens are chosen, what is the mean and standard deviation for the number favoring the...
-
What is meant by the term monetary impotence? According to Keynes, what two conditions could lead to monetary impotence? Were either of these conditions present during the Great Depression?
-
Using the expression for the short-run aggregate supply curve obtained in Problem 6, draw a new short-run aggregate supply curve on the same graph if there is a price shock such that = 2. Calculate...
-
Water flows past a triangular flat plate oriented parallel to the free stream as shown in Fig. P9.50. Integrate the wall shear stress over the plate to determine the friction drag on one side of the...
-
Answer the following multiple-choice questions: a. In 2009 and 2010, Zoret Company reported earnings per share of $ 0.80 and $ 1.00, respectively. In 2011, Zoret Company declared a 4- for- 1 stock...
-
A person who proves that at the time of the commission of the offense, that the person as a result of a severe mental disease or defect did not know the wrongfulness of his actions is?
-
Cornflower Corporation distributes equipment (adjusted basis of $70,000, fair market value of $55,000) to its shareholder, Roy. Assume that Cornflower has more than $100,000 of current E & P. What...
-
Ragsdale Inc. has sales of $493,000, costs of $210,000, depreciation expense of $35,000, interest expense of $19,000, and a tax rate of 35 percent. What is the net income for the firm? Suppose the...
-
For 2015, calculate the cash flow from assets, cash flow to creditors, and cash flow to shareholders for Ingersoll. 2014 2015 Sales Depreciation Cost of goods sold Other expenses Interest Cash...
-
Reduce to first order and solve, showing each step in detail. xy'' + 2y' + xy = 0, y 1 = (cos x)/x
-
A portfolio manager annually outperforms her benchmark 6 0 percent of the time. Assuming independent annual trials, what is the probability that she will outperform her benchmark four or more times...
-
The folks at Vlasic Pickles, a popular brand of all kinds of pick- les, decided there was a market for large pickle slices. Pickles, of course, are made from brining cucumbers. The problem was, in...
-
If you invest $3,000 in an investment account paying 3% interest compounded quarterly, how much will the account be worth in 10 years?
-
What is the current yield on a zero coupon bond with a remaining life of 7 years, a yield to maturity of 1 5 . 0 % , and a par value of $ 1 0 0 0 ? ( Round to 1 0 0 th of a percent and enter as a...
-
1. Assume Bed Bath & Beyond acquires 100 percent of Pier 1, and that the transaction takes place at fiscal year end 2001. Prepare a consolidating balance sheet to reflect the acquisition at time of...
-
In a study of the accuracy of fast food drive-through orders, McDonalds had 33 orders that were not accurate among 362 orders observed (based on data from QSR magazine). Use a 0.05 significance level...
-
When you weigh yourself on good old terra firma (solid ground), your weight is 142 lb. In an elevator your apparent weight is 121 lb. What are the direction and magnitude of the elevator's...
-
An investment project provides cash inflows of $970 per year for eight years. What is the project payback period if the initial cost is $4,100? $6,200? $8,000?
-
Bill plans to open a self-serve pet grooming centre in a storefront. The grooming equipment will cost $190,000, to be paid immediately. Bill expects after-tax cash inflows of $65,000 annually for...
-
What is the difference between CCA and IFRS depreciation?
-
4. The water in Earth's atmosphere blocks most of the infrared waves coming from space. In order to observe light of this wavelength, the Kuiper Airborne Observatory has been developed. The...
-
What amount of gain should Pharoah recognize on the exchange assuming lack of commercial substance?
-
If R1=7 Q, R2=3 Q, R3=9 Q, V= 12 V, and V2=8 V. Find the current (in A) that pass through R. R R R V V 2 +
Study smarter with the SolutionInn App