basic problem in chapter 2

6) given the following information prepare in good form an income statement for the dental drilling company

15) arrange the following items in proper balance sheet presentation

basic problem in chapter 3

3) polly esther dress shops, inc., can open a new store that will do an annual sales volume of $960.000. it will turn over its assets 2,4 times per year. the profits margin on sale will be 7percent. what would net income and return on assets ( investment ) be for this year?

4) bill's chrystal stores, inc., has assets of $ 5,000,000 and tuns over its assets 1.2 times per year. return on assets is 8 percent. what is the firm margin ( return on sales)?

7) the haines corp. shows the following financial data for 2009 and 2010.

8) neon light company has $ 1,000,000 in assets and $ 600,000 of debt. it reports ne income of $100,000.

a) what is the return on assets ?

b) what is the return on the stocholders'equity?

c) if the firm has an asset turnover ratio of 3 times, what is the profit margin ( return on sales)?