Questions from Financial Accounting

Q: The chapter discusses eight items that occur infrequently but that can have

The chapter discusses eight items that occur infrequently but that can have a large impact on financial statements. What criteria should an analyst employ to assess whether to include or eliminate ite...

Q: Access the investor relations or corporate information section of the websites of

Access the investor relations or corporate information section of the websites of Apple Computer (www.apple.com) and Dell (www.dell.com). Study the strategies of each firm. Examine the following commo...

Q: Part A. Floral Delivery, Inc. (FD)

Part A. Floral Delivery, Inc. (FD) acquired a fleet of vans on January 1, 2013, by issuing a $500,000, 4-year, 4% fixed rate note, with interest payable annually on December 3. FD has the option to r...

Q: Nucor, a steel manufacturer, reported net income for 2008 of

Nucor, a steel manufacturer, reported net income for 2008 of $1,831 million on sales of $23,663 million. Interest expense for 2008 was $135 million, and non-controlling interest was $314 million for 2...

Q: Phillips-Van Heusen, an apparel manufacturer, reported net income

Phillips-Van Heusen, an apparel manufacturer, reported net income (amounts in thousands) for Year 4 of $58,615 on sales of $1,460,235. It declared preferred dividends of $21,122. Preferred shareholder...

Q: TJX, Inc., an apparel retailer, reported net income (

TJX, Inc., an apparel retailer, reported net income (amounts in thousands) of $609,699 for Year 4. The weighted average of common shares outstanding during Year 4 was 488,809 shares. TJX, Inc., subtra...

Q: Boston Scientific, a medical device manufacturer, reported net income (

Boston Scientific, a medical device manufacturer, reported net income (amounts in millions) of $1,062 on sales of $5,624 during Year 4. Interest expense totaled $64. The income tax rate was 35%. Avera...

Q: Valero Energy, a petroleum company, reported net income of $

Valero Energy, a petroleum company, reported net income of $1,803.8 on revenues of $54,618.6 for Year 4. Interest expense totaled $359.7, and preferred dividends totaled $12.5. Average total assets fo...

Q: Common-size analysis is a simple way to make financial statements

Common-size analysis is a simple way to make financial statements of different firms comparable. What are possible shortcomings of comparing two different firms using common-size analysis?

Q: Firm A reports an increase in earnings per share; Firm B

Firm A reports an increase in earnings per share; Firm B reports a decrease in earnings per share. Is this unconditionally informative about each firm’s performance? If not, why is earnings per share...