Questions from Accounting Principles

Q: Calculate the earnings per share for 2020 and evaluate the result against

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

Q: ABC Inc.’s common shares have a market value of $

ABC Inc.’s common shares have a market value of $60 per share and its EPS is $3.50. XYZ Inc.’s common shares have a market value of $85 per share and its EPS is $4.10. You have done thorough research...

Q: Quick Video Inc. declared and paid an $8 per share

Quick Video Inc. declared and paid an $8 per share cash dividend on its common shares during the current accounting period. The current market value of the Quick Video Inc. shares is $56 per share. Re...

Q: Where possible, calculate percentage of increase and decrease for the following

Where possible, calculate percentage of increase and decrease for the following accounts of Craft Brewery Ltd.:

Q: Calculate trend percentages for the following items using 2016 as the base

Calculate trend percentages for the following items using 2016 as the base year. Then, state whether the situation shown by the trends appears to be favourable or unfavourable.

Q: Required: Refer to the information in Problem 16-9B.

Required: Refer to the information in Problem 16-9B. Prepare a statement of cash flows for 2020 using the direct method to report cash inflows and outflows from operating activities. Other information...

Q: Express the following income statement information in common-size percentages and

Express the following income statement information in common-size percentages and assess whether the situation is favourable or unfavourable.

Q: Carmon Cupcake Inc.’s December 31 balance sheets included the following

Carmon Cupcake Inc.’s December 31 balance sheets included the following data: Required: Express the balance sheets in common-size percentages. Round calculations to two decimal place...

Q: / Using the information above, calculate the: a

Using the information above, calculate the: a. Working capital b. Current ratio Round calculations to two decimal places. c. What is the difference between working capital and the current ratio? d. As...

Q: a. Using the information in QS 17-7, calculate

a. Using the information in QS 17-7, calculate the quick ratio. b. At the end of the last accounting period, this company’s quick ratio was 0.82:1. Has the change in the quick ratio...