Questions from Financial Accounting


Q: Comparative financial statement data of Hamden Optical Mart follow:

Comparative financial statement data of Hamden Optical Mart follow: Other information: 1. Market price of Hamden common stock: $102.17 at December 31, 2012, and $77.01 at December 31, 2011 2. Common...

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Q: Assume that you are considering purchasing stock as an investment. You

Assume that you are considering purchasing stock as an investment. You have narrowed the choice to CDRom.com and Web Stores and have assembled the following data. Selected income statement data for th...

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Q: Copperhead, Inc., has the following stockholders’ equity: Preferred

Copperhead, Inc., has the following stockholders’ equity: Preferred stock, 1%, $12 par, 35,000 shares authorized and issued............................... $ 420,000 Common stock, $8 par, 100,000 share...

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Q: Net sales, net income, and total assets for Azbell Shipping

Net sales, net income, and total assets for Azbell Shipping, Inc., for a five-year period follow: Requirements 1. Compute trend percentages for each item for 2009 through 2012. Use 2008 as the base...

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Q: Top managers of Gilligan Products, Inc., have asked for your

Top managers of Gilligan Products, Inc., have asked for your help in comparing the company’s profit performance and financial position with the average for the industry. The accounta...

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Q: You are evaluating two companies as possible investments. The two companies

You are evaluating two companies as possible investments. The two companies, which are similar in size, are commuter airlines that fl y passengers up and down the West Coast. All other available infor...

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Q: Solomon’s net cash flow from financing activities for 2012 was (Assume

Solomon’s net cash flow from financing activities for 2012 was (Assume no stock dividends were distributed.) a. Net cash used of $25,500. b. Net cash provided of $12,000. c. Net cash...

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Q: Financial statement data of Eastland Engineering include the following items:

Financial statement data of Eastland Engineering include the following items: Requirements 1. Compute Eastland’s current ratio, debt ratio, and earnings per share. (Round all ratio...

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Q: Comparative financial statement data of Panfield Optical Mart follow:

Comparative financial statement data of Panfield Optical Mart follow: Other information: 1. Market price of Panfield common stock: $94.38 at December 31, 2012, and $85.67 at December 31, 2011 2. Com...

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Q: Assume that you are considering purchasing stock as an investment. You

Assume that you are considering purchasing stock as an investment. You have narrowed the choice to Topline.com and E-shop Stores and have assembled the following data. Selected income statement data f...

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