Questions from General Finance


Q: Prepare a statement of cash flows from the following scrambled list of

Prepare a statement of cash flows from the following scrambled list of items. Increase in inventories…………………………………………$ 7,000 Operating income…………………………………………………219,000 Dividends………………………………………………………...

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Q: a. How much is the firm’s net working capital, and

a. How much is the firm’s net working capital, and what is the debt ratio for 2014 and 2015? b. Complete a common-sized income statement, a common-sized balance sheet, and a statemen...

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Q: Based on the information for the T. P. Jarmon Company

Based on the information for the T. P. Jarmon Company for the year ended December 31, 2015 (see page 96): a. How much is the firm’s net working capital, and what is the debt ratio? b...

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Q: Prepare an income statement and a common sized income statement from the

Prepare an income statement and a common sized income statement from the following information. Sales…………………………………………………………..$525,000 Cost of goods sold………………………………….………200,000 General and administr...

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Q: Prepare a balance sheet from the following information. What is the

Prepare a balance sheet from the following information. What is the net working capital and debt ratio? Cash…………………………………………………………..$ 50,000 Accounts receivable……………….………………………. 42,700 Accounts paya...

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Q: Prepare a balance sheet and income statement for the Warner Company from

Prepare a balance sheet and income statement for the Warner Company from the following scrambled list of items. a. Prepare a common-sized income statement and common-sized balance sheet. Interpret you...

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Q: Prepare an income statement and a balance sheet from the following scrambled

Prepare an income statement and a balance sheet from the following scrambled list of items. What is the firm’s net working capital and debt ratio? Sales……………………………………………………………………..$550,000 Accumulat...

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Q: The annual sales for Salco, Inc. were $4.

The annual sales for Salco, Inc. were $4.5 million last year. All sales are on credit. The firm’s end-of-year balance sheet was as follows: The firmâ€...

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Q: The T. P. Jarmon Company manufactures and sells a line

The T. P. Jarmon Company manufactures and sells a line of exclusive sportswear. The firm’s sales were $600,000 for the year just ended, and its total assets exceeded $400,000. The co...

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Q: Why is preferred stock referred to as a hybrid security? It

Why is preferred stock referred to as a hybrid security? It is often said to combine the worst features of common stock and bonds. What is meant by this statement?

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