Questions from Financial Accounting

Q: A large retailer reported revenue of $1,665,000

A large retailer reported revenue of $1,665,000. The company’s gross profit percentage was 44 percent. What amount of cost of goods sold did the company report?

Q: A consumer products company reported a 5.4 percent increase in

A consumer products company reported a 5.4 percent increase in sales from Year 1 to Year 2. Sales in Year 1 were $29,600. In Year 2, the company reported cost of goods sold in the amount of $9,107. Wh...

Q: Compute the return on equity ratio for Year 2 given the following

Compute the return on equity ratio for Year 2 given the following data:

Q: Compute the financial leverage percentage for Year 2 given the following data

Compute the financial leverage percentage for Year 2 given the following data:

Q: Stacy Company reported total assets of $1,400,000

Stacy Company reported total assets of $1,400,000 and noncurrent assets of $480,000. The company also reported a current ratio of 3.5. What amount of current liabilities did the company report?

Q: In the current year, Pringle Company reported Sales of $1

In the current year, Pringle Company reported Sales of $1,420,000, Interest Expense of $12,000, Income Tax Expense of $13,000, and Net Income of $52,000. What is Pringle’s times interest earned ratio?...

Q: An Internet company earned $6.50 per share and paid

An Internet company earned $6.50 per share and paid dividends of $3.50 per share. The company reported a dividend yield of 5 percent. What was the price of the stock?

Q: There are two primary sources of equity reported in the stockholders’ equity

There are two primary sources of equity reported in the stockholders’ equity section of a company’s balance sheet: contributed capital and earned capital. Earned capital is kept track of in the retain...

Q: The balance sheet for Ronlad Corporation reported 168,000 shares outstanding

The balance sheet for Ronlad Corporation reported 168,000 shares outstanding, 268,000 shares authorized, and 10,000 shares in treasury stock. How many shares have been issued?

Q: How is the earnings per share (EPS) ratio calculated?

How is the earnings per share (EPS) ratio calculated? On what financial statement will an investor find EPS for a given company?