Question: Fill in all blanks with ONE letter. I=Increase, D=Decrease, N=Not change X Company has the following: Current Assets $40 Total Assets $100 Current Liabilities $20
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Fill in all blanks with ONE letter. I=Increase, D=Decrease, N=Not change
X Company has the following:
Current Assets $40
Total Assets $100
Current Liabilities $20
Total Liabilities $60
Net Income $10
Record the impact of the following December 31 transactions on the ratios and financials for X Co.
X Co. issues stock ____ Net income will___ . cash flow will___ . current ratio will____ . ROA will ___. ROE will___
2)
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I=Increase, D=Decrease, N=Not Change
X Company has the following:
Current Assets $40
Total Assets $100
Current Liabilities $20
Total Liabilities $60
Net Income $10
Record the impact of the following December 31 transactions on the ratios and financials for X Co.
Paid a supplier for a previous credit purchase.
Net income will . Cash flow will . Current ratio will . ROA will . ROE will
3)
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X Company has the following:
Current Assets $40
Total Assets $100
Current Liabilities $20
Total Liabilities $60
Net Income $10
Record the impact of the following December 31 transactions on the ratios and financials for X Co.
I=Increase, D=Decrease, N=Not Change
Delivered goods to a customer.
Net Income will . Cash flow will . Current ratio will . ROA will . ROE will .
3)
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X Company has the following:
Current Assets $40
Total Assets $100
Current Liabilities $20
Total Liabilities $60
Net Income $10
Record the impact of the following December 31 transactions on the ratios and financials for X Co.
I=Increase, D=Decrease, N=Not Change. Type only one letter for each answer.
Received the phone bill.
Net Income will . Cash flow will . Current ratio will . ROA will . ROE will .
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