Questions from Financial Accounting

Q: In 2018, common stockholders received $6 per share in annual

In 2018, common stockholders received $6 per share in annual dividends. The market price per share for common stock was $24. Compute the dividend yield for common stock.

Q: Wolfe, Inc., had net sales of $212,000

Wolfe, Inc., had net sales of $212,000 and cost of goods sold of $128,000 in 2016; net sales of $263,000 and cost of goods sold of $161,000 in 2017; and net sales of $325,000 and cost of goods sold of...

Q: Match the terms on the right with their definitions on the left

Match the terms on the right with their definitions on the left: 1. Tells whether a company can pay all its current liabilities if they become due immediately 2. Measures a company’s success in using...

Q: You just got off the telephone with one of your clients,

You just got off the telephone with one of your clients, who wants to start a new business as a corporation. His question to you concerned the different types of stock that can be issued to the potent...

Q: Identify which question each of the ratios below helps answer.

Identify which question each of the ratios below helps answer. 1. Is the business a going concern? 2. How is the business earning a net income or loss? 3. Where is the business getting its money? Can...

Q: The 2017 and 2018 balance sheets for Flores, Inc., showed

The 2017 and 2018 balance sheets for Flores, Inc., showed net accounts receivable of $13,000 and $17,000, respectively; inventory of $12,000 and $9,000, respectively; and accounts payable of $6,000 an...

Q: In addition to the information from S12-6, assume that

In addition to the information from S12-6, assume that cash on the 2018 balance sheet was $14,000 and current liabilities totaled $25,000. Compute the following ratios for 2018: 1. Current ratio 2. Qu...

Q: The 2018 financial statements for Inland Supply, Inc., show total

The 2018 financial statements for Inland Supply, Inc., show total assets of $572,000, total liabilities of $322,500, net sales of $1,276,000, net income of $191,400, income from operations of $227,600...

Q: Using the information from S12-8, a market price of

Using the information from S12-8, a market price of $34 per share, and 50,000 and 60,000 shares of common stock outstanding in 2017 and 2018, respectively, compute the following for 2018. Round answer...

Q: Following are selected financial data for your client for the current year

Following are selected financial data for your client for the current year and corresponding data for the client’s industry: Requirement 1. Write a memo to your client comparing hi...