Questions from Financial Accounting

Q: Use the consolidated financial statements and the data in Amazon.com

Use the consolidated financial statements and the data in Amazon.com, Inc. s annual report (Appendix A at the end of the book) to evaluate the companys comparative performance for 2008 versus 2007. Do...

Q: Neighbor Software Corp. has assembled the following data for the year

Neighbor Software Corp. has assembled the following data for the year ended December 31, 2010: Requirement 1. Prepare Neighbor Software Corp.s statement of cash flows using the indirect method to re...

Q: Craft Software reported the following amounts on its balance sheets at December

Craft Software reported the following amounts on its balance sheets at December 31, 2010, 2009, and 2008: Sales and profits are high. Nevertheless, Craft is experiencing a cash shortage. Perform a ve...

Q: Hartigan, Inc., and Pintal Corporation are competitors. Compare the

Hartigan, Inc., and Pintal Corporation are competitors. Compare the two companies by converting their condensed income statements to common size. Which company earned more net income? Which companys...

Q: Examine the financial data of Jacob Corporation. /

Examine the financial data of Jacob Corporation. Show how to compute Jacobs current ratio for each year 2008 through 2010. Is the company’s ability to pay its current liabilities im...

Q: Dunleavy Furniture Gallery, Inc., provided the following data from the

Dunleavy Furniture Gallery, Inc., provided the following data from the companys records for the year ended December 31, 2010: a. Credit sales, $567,000 b. Loan to another company, $12,800 c. Cash pa...

Q: Use the Gagnon, Inc., balance sheet data on the following

Use the Gagnon, Inc., balance sheet data on the following page. Requirements 1. Compute Gagnon, Inc.s acid-test ratio at December 31, 2010 and 2009. 2. Use the comparative information from the tabl...

Q: The comparative balance sheets of Franny Franklin Design Studio, Inc.,

The comparative balance sheets of Franny Franklin Design Studio, Inc., at June 30, 2010 and 2009, and transaction data for fiscal 2010 are as follows: Transaction data for the year ended June 30, 201...

Q: Use the Gagnon 2010 income statement below and balance sheet from Short

Use the Gagnon 2010 income statement below and balance sheet from Short Exercise 13-6 to compute the following: a. Gagnons rate of inventory turnover for 2010. b. Days sales in average receivables d...

Q: Use the financial statements of Gagnon, Inc., in Short Exercises

Use the financial statements of Gagnon, Inc., in Short Exercises 13-6 and 13-7. Requirements 1. Compute the companys debt ratio at December 31, 2010. 2. Compute the companys times-interest-earned...