Questions from Accounting Principles

Q: Family Co manufactures books. It buys significant quantities of supplies from

Family Co manufactures books. It buys significant quantities of supplies from various vendors in order to make its quality products. Calculate Family’s accounts payable turnover for...

Q: The following information relates to three companies that operate similar businesses:

The following information relates to three companies that operate similar businesses: For each company, calculate the debt ratio, equity ratio, and pledged assets to secured liabilities. Identify whic...

Q: The following information is available for Swing High Inc.: /

The following information is available for Swing High Inc.: Required Calculate the times interest earned ratio for 2020. Explain why it compares favourably or unfavourably.

Q: Calculate the profit margin for 2020 and evaluate the result against the

Calculate the profit margin for 2020 and evaluate the result against the industry average, explaining why it compares favourably or unfavourably (round to two decimal places).

Q: MED Supplies Inc., a software retailer, recently completed its 2020

MED Supplies Inc., a software retailer, recently completed its 2020 operations. The following information is available: Additional information regarding MED Supplies Inc.’s activitie...

Q: Calculate the gross profit ratio for 2020 and evaluate the result against

Calculate the gross profit ratio for 2020 and evaluate the result against the industry average, explaining why it compares favourably or unfavourably (round to two decimal places).

Q: Calculate the return on total assets for 2020 and evaluate the result

Calculate the return on total assets for 2020 and evaluate the result against the industry average, explaining why it compares favourably or unfavourably (round to two decimal places).

Q: What are four possible bases of comparison you can use when analyzing

What are four possible bases of comparison you can use when analyzing financial statement ratios? Which of these is generally considered to be the most useful? Which one is least likely to provide a g...

Q: Calculate the return on common shareholders’ equity for 2020 and evaluate the

Calculate the return on common shareholders’ equity for 2020 and evaluate the result against the industry average, explaining why it compares favourably or unfavourably (round to two...

Q: Calculate the book value per common share for 2020 and evaluate the

Calculate the book value per common share for 2020 and evaluate the result against the industry average, explaining why it compares favourably or unfavourably (round to two decimal places).