Questions from Financial Accounting

Q: For 2016 and 2015, compute return on sales (ROS),

For 2016 and 2015, compute return on sales (ROS), asset turnover (AT), return on assets (ROA), leverage (L), return on common stockholders’ equity (ROE), gross profit...

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

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

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

Two companies with different economic-value-added (EVA®) profiles are Daniels Company, Inc., and Granger Bank Limited. Adapted versions of the two companies’...

Q: Crocker Holding Company operates numerous businesses, including motel, auto rental

Crocker Holding Company operates numerous businesses, including motel, auto rental, and real estate companies. The year 2016 was interesting for Crocker, which reported the following on its income sta...

Q: St. Genevieve Petroleum Company is an independent oil producer in Baton

St. Genevieve Petroleum Company is an independent oil producer in Baton Parish, Louisiana. In February, company geologists discovered a pool of oil that tripled the company’s proven reserves. Prior to...

Q: EverClean, Inc., a household products chain, reported a prior

EverClean, Inc., a household products chain, reported a prior-period adjustment in 2016. An accounting error caused net income of 2015 to be overstated by $12 million. Retained earnings at December 31...

Q: During the year ended December 31, 2016, Martinson International Corporation

During the year ended December 31, 2016, Martinson International Corporation earned $4,200,000 in net income after taxes. The company reported $180,000 of net unrealized losses on available-for sale s...

Q: The following information appears in a footnote to the 2014 financial statements

The following information appears in a footnote to the 2014 financial statements of Nike, Inc.: Requirements 1. Based on this information, what do you think are Nike, Inc.â...

Q: McDowell Investments specializes in low-risk government bonds. Identify each

McDowell Investments specializes in low-risk government bonds. Identify each of McDowell’s transactions as operating (O), investing (I), financing (F), noncash investi...

Q: A company uses the indirect method to prepare the statement of cash

A company uses the indirect method to prepare the statement of cash flows. Indicate whether each of the following transactions affects an operating activity, an investing activity, a &i...