Questions from Financial Accounting

Q: Prepare a comparative common-size income statement for McMahon Music Co

Prepare a comparative common-size income statement for McMahon Music Co., using the 2012 and 2011 data of Exercise 13-16A and rounding to four decimal places. Data in Exercise 13-16A

Q: Identify any weaknesses revealed by the statement of cash flows of New

Identify any weaknesses revealed by the statement of cash flows of New York Apple Farms, Inc.

Q: The financial statements of Family News, Inc., include the following

The financial statements of Family News, Inc., include the following items: Requirements 1. Compute the following ratios for 2012 and 2011: a. Current ratio b. Quick (acid test) ratio c. Inventory t...

Q: Branson Furniture Company has requested that you determine whether the company’s ability

Branson Furniture Company has requested that you determine whether the company’s ability to pay its current liabilities and long-term debts improved or deteriorated during 2012. To a...

Q: Compute return on sales (ROS), asset turnover (AT),

Compute return on sales (ROS), asset turnover (AT), return on assets (ROA), leverage (L), return on common stockholders’ equity (ROE), gross profit (GP), operating income percentage...

Q: Evaluate the common stock of Tristan Distributing Company as an investment.

Evaluate the common stock of Tristan Distributing Company as an investment. Specifically, use the three common stock ratios to determine whether the common stock increased or decreased in attractivene...

Q: Two companies with different economic-value-added (EVA®)

Two companies with different economic-value-added (EVA®) profiles are Emerson Oil Pipeline Incorporated and Farmer Bank Limited. Adapted versions of the two companies’ fin...

Q: What were the dollar amount of change and the percentage of each

What were the dollar amount of change and the percentage of each change in Cobb Hill Lodge’s working capital during 2012 and 2011? Is this trend favorable or unfavorable?

Q: Prepare a horizontal analysis of the comparative income statements of McCracken Music

Prepare a horizontal analysis of the comparative income statements of McCracken Music Co. Round percentage changes to the nearest one-tenth percent (three decimal places).

Q: Modern Brands recently completed a large debt refinancing. A debt refinancing

Modern Brands recently completed a large debt refinancing. A debt refinancing occurs when a company issues new bonds payable to retire old bonds. The company debits the old bonds payable and credits t...