Questions from Financial Accounting

Q: The annual reports of Delta, Inc. and Sunny Day Company

The annual reports of Delta, Inc. and Sunny Day Company, two manufacturers of computers, reveal the information below for the current year (amounts in millions). Delta sells custom-order personal comp...

Q: The following information relates to the activities of Funtime, Inc.,

The following information relates to the activities of Funtime, Inc., a manufacturer of toys (amounts in millions of euros): a. Compute the inventory turnover for each year. b. Compute the average n...

Q: The following information relates to Mickey Group, an entertainment company (

The following information relates to Mickey Group, an entertainment company (amounts in millions of pounds sterling): a. Compute the fixed-asset turnover for each year. b. How well has Mickey Group...

Q: Data taken from the financial statements of FleetSneak, a designer and

Data taken from the financial statements of FleetSneak, a designer and manufacturer of athletic footwear and apparel, appear as follows (amounts in millions of US$): a. Compute the current and quick...

Q: Data taken from the financial statements of Geneva S.A.,

Data taken from the financial statements of Geneva S.A., a consumer foods company headquartered in Switzerland, appear as follows (amounts in millions of euros): a. Compute the current and quick rat...

Q: Data taken from the financial statements of Kyoto Electric, a Japanese

Data taken from the financial statements of Kyoto Electric, a Japanese generator and provider of electric services, appear below (amounts in billions of Japanese yen). a. Compute the long-term debt...

Q: Data taken from the financial statements of Arctagon, a steel manufacturer

Data taken from the financial statements of Arctagon, a steel manufacturer headquartered in the Netherlands, appear below (amounts in millions of euros). Arctagon acquired other steel companies during...

Q: Indicate the immediate effects (increase, decrease, no effect)

Indicate the immediate effects (increase, decrease, no effect) of each of the following independent transactions on (1) the rate of return on shareholders’ equity, (2) the current ratio, and (3) th...

Q: Indicate the effects (increase, decrease, no effect) of

Indicate the effects (increase, decrease, no effect) of the following independent transactions on (1) working capital (= current assets – current liabilities) and (2) the quick ratio, where accounts r...

Q: The accounting records of Callen Incorporated reveal the following for Year 7

The accounting records of Callen Incorporated reveal the following for Year 7 and Year 8. Callen applies U.S. GAAP, and reports its results in thousands of euros. Income Statement Items For the...