a.	Determine the missing amounts. (Enter your answers in thousands of dollars.)

2.	Calculate the debt-to-assets ratio as of December 31, 2014. (Round your answer to 2 decimal places.)

3.	Calculate the asset turnover ratio for the year December 31, 2014. (Round your answer to 2 decimal places.)

4.	Calculate the net profit margin ratio for the year December 31, 2014. (Round your answer to 2 decimal places.)

b.	What is the amount of net sales to be reported on Rippen Corporation's income statement?

c.	What is the Rippen Corporation's gross profit percentage? (Round your answer to the nearest whole percent.)

Given the following information for Maynor Company in 2014, calculate the company's ending inventory, cost of goods sold, and gross profit, using the following inventory costing methods, assuming the company uses a periodic inventory system:

2014		Units		Unit Cost			Total Cost
Jan 1	Beginning Inventory	28		$	46		$	1,288
Purchases
March 28	Purchase	38			49			1,862
Aug 22	Purchase	38			51			1,938
Oct 14	Purchase	43			54			2,322
Goods Available for Sale		147					$	7,410
Sales				Unit Sales Price			Revenue
May 1	Sales	43		$	66		$	2,838
October 28	Sales	38			66			2,508
Total Revenue		81					$	5,346

a.	Weighted Average: (Do not round intermediate calculations. Round "Average Cost" to 2 decimal places.)

b.	FIFO:

c.	LIFO:

d.	Specific Identification: (The ending inventory consisted of 15 @ $49; 28 @ $51; and 23 @ $54.)

The following merchandise transactions occurred during December for two different companies Rippen and Burnen. Both companies use a perpetual inventory system. On December 3, Rippen Corporation sold merchandise on account to Burnen Corp for $499,000. terms 2/10, n/30. This merchandise originally cost Rippen $307,000 On December 8, Burnen Corp returned merchandise to Rippen Corporation for a credit of $3,300. Rippen returned this merchandise to inventory at its original cost of $2,030. December 12, Burnen Corp. paid Rippen Corporation for the amount owed. Required: a. Prepare the journal entries to record these transactions on the books of Rippen Corporation (If no entry is required for a transaction/event, select ''No Journal Entry Required'' in the first account held.) a. Determine the missing amounts. (Enter your answers in thousands of dollar The following merchandise transactions occurred during December for two different companies Rippen and Burnen. Both companies use a perpetual inventory system. On December 3, Rippen Corporation sold merchandise on account to Burnen Corp for $499,000. terms 2/10, n/30. This merchandise originally cost Rippen $307,000 On December 8, Burnen Corp returned merchandise to Rippen Corporation for a credit of $3,300. Rippen returned this merchandise to inventory at its original cost of $2,030. December 12, Burnen Corp. paid Rippen Corporation for the amount owed. Required: a. Prepare the journal entries to record these transactions on the books of Rippen Corporation (If no entry is required for a transaction/event, select ''No Journal Entry Required'' in the first account held.) a. Determine the missing amounts. (Enter your answers in thousands of dollar