Questions from Managerial Accounting

Q: Express the following comparative income statements in common-size percents and

Express the following comparative income statements in common-size percents and assess whether or not this company’s situation has improved in the most recent year (round the percent...

Q: Roak Company and Clay Company are similar firms that operate in the

Roak Company and Clay Company are similar firms that operate in the same industry. Clay began operations in 2013 and Roak in 2010. In 2015, both companies pay 7% interest on their debt to creditors. T...

Q: Simon Company’s year-end balance sheets follow. Express the balance

Simon Company’s year-end balance sheets follow. Express the balance sheets in common-size percents. Round amounts to the nearest one-tenth of a percent. Analyze and comment on the re...

Q: Refer to Simon Company’s balance sheets in Exercise 13-7.

Refer to Simon Company’s balance sheets in Exercise 13-7. Analyze its year-end short-term liquidity position at the end of 2014, 2013, and 2012 by computing (1) the current ratio an...

Q: Is depreciation a source of cash flow?

Is depreciation a source of cash flow?

Q: Refer to the Simon Company information in Exercise 13-7.

Refer to the Simon Company information in Exercise 13-7. The company’s income statements for the years ended December 31, 2014 and 2013, follow. Assume that all sales are on credit a...

Q: Refer to the Simon Company information in Exercises 13-7 and

Refer to the Simon Company information in Exercises 13-7 and 13-9. Compare the company’s long-term risk and capital structure positions at the end of 2014 and 2013 by computing these...

Q: Refer to Simon Company’s financial information in Exercises 13-7 and

Refer to Simon Company’s financial information in Exercises 13-7 and 13-9. Evaluate the company’s efficiency and profitability by computing the following for 2014 a...

Q: Refer to Simon Company’s financial information in Exercises 13-7 and

Refer to Simon Company’s financial information in Exercises 13-7 and 13-9. Additional information about the company follows. To help evaluate the company’s profitab...

Q: In 2013, Randa Merchandising, Inc., sold its interest in

In 2013, Randa Merchandising, Inc., sold its interest in a chain of wholesale outlets, taking the company completely out of the wholesaling business. The company still operates its retail outlets. A l...