FINANCIAL ACCT-CONNECT
8th Edition
ISBN: 9781266627903
Author: Wild
Publisher: INTER MCG
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Students have asked these similar questions
Attached is Apple Inc.'s financial information. Please answer questions 1-3.
1. Apple's acid-test ratio in 2021 is
a. 1.49
b. 1.22
c. 1.56
d. 0.91
2. Apple's days' sales in receivables in 2021 is
a. 61.26
b. 50.69
c. 38.27
d. 46.18
3. Apple's long term debt to equity ratio in 2021 is
a. 2.54
b. 1.64
c. 0.87
d. 1.89
Information for questions 12 and 13
The following are extracts from the financial statements of a company for the two years ended
31 December 2016 and 2017.
Statement of financial position as at 31 December
Inventory
Trade receivables
Cash and bank balances
Bank overdraft
Trade payables
2016
£000
590
275
25
200
1,218
1,536
2017
£000
465
425
76
450
710
2,728
Non-Current assets
Non-Current liabilities
0
300
Issued £1 Ordinary Shares
5,000
5,500
The income statement for the year ended 31 December 2017 shows an operating profit of
c) £1,265,000
d) £1,815,000
£1,500,000 after charging depreciation of £600,000 and a profit on disposal of a non-current
asset of £52,000.
Q12. The change in the company's cash and cash equivalents for the year ended 31 December 2017 was:
a) Outflow £199,000
b) Inflow £1 16,000
c) Outflow £89,000
d) Inflow £51,000
Q13. The cash flow from operations of the company for the year ended 31 December 2017 was:
a) £1,515,000
b) £1,619,000
The comparative financial statements of Bettancort Inc. are as follows. The market price of Bettancort Inc. common stock was $71.25 on December 31, 2014.
InstructionsDetermine the following measures for 2014, rounding to one decimal place:1. a.Working capital
b. Current ratio
c. Quick ratiod. Accounts receivable turnovere. Number of days' sales in receivablesf. Inventory turnoverg. Number of days' sales in inventoryh. Ratio of fixed assets to long-term liabilitiesi. Ratio of liabilities to stockholders’ equityj. Number of times interest charges are earnedk. Number of times preferred dividends are earned2. a. Ratio of net sales to assetsb. Rate earned on total assetsc. Rate earned on stockholders' equityd. Rate earned on common stockholders' equitye. Earnings per share on common stockf. Price-earnings ratiog. Dividends per share of common stockh. Dividend yield
Chapter 11 Solutions
FINANCIAL ACCT-CONNECT
Ch. 11 - Prob. 1DQCh. 11 - How are organization expenses reported?Ch. 11 - Prob. 3DQCh. 11 - What is the difference between authorized shares...Ch. 11 - Prob. 5DQCh. 11 - Prob. 6DQCh. 11 - Prob. 7DQCh. 11 - Prob. 8DQCh. 11 - Prob. 9DQCh. 11 - Prob. 10DQ
Ch. 11 - Prob. 11DQCh. 11 - Prob. 12DQCh. 11 - What is the didfference between a stock dividend...Ch. 11 - Prob. 14DQCh. 11 - Prob. 15DQCh. 11 - Prob. 16DQCh. 11 - Prob. 17DQCh. 11 - Prob. 18DQCh. 11 - Prob. 19DQCh. 11 - Prob. 20DQCh. 11 - Prob. 21DQCh. 11 - Prob. 22DQCh. 11 - Prob. 1QSCh. 11 - Prob. 2QSCh. 11 - Prob. 3QSCh. 11 - Prob. 4QSCh. 11 - Prob. 5QSCh. 11 - Prob. 6QSCh. 11 - Prob. 7QSCh. 11 - Prob. 8QSCh. 11 - Prob. 9QSCh. 11 - Prob. 10QSCh. 11 - Prob. 11QSCh. 11 - Prob. 12QSCh. 11 - Prob. 13QSCh. 11 - Prob. 14QSCh. 11 - Prob. 15QSCh. 11 - Prob. 16QSCh. 11 - Dividend yield A3 Foxburo Company expects to pay a...Ch. 11 - Prob. 18QSCh. 11 - Prob. 19QSCh. 11 - Prob. 1ECh. 11 - Prob. 2ECh. 11 - Prob. 3ECh. 11 - Prob. 4ECh. 11 - Prob. 6ECh. 11 - Prob. 7ECh. 11 - York’s outstanding stock consists of 80,000 shares...Ch. 11 - Use the data in Exercise 118 to determine the...Ch. 11 - Prob. 10ECh. 11 - Prob. 11ECh. 11 - Prob. 12ECh. 11 - Prob. 13ECh. 11 - Prob. 14ECh. 11 - Prob. 15ECh. 11 - Prob. 16ECh. 11 - Prob. 17ECh. 11 - Prob. 18ECh. 11 - Prob. 1PSACh. 11 - Prob. 2PSACh. 11 - Prob. 3PSACh. 11 - Prob. 4PSACh. 11 - Prob. 5PSACh. 11 - Prob. 1PSBCh. 11 - Prob. 2PSBCh. 11 - Prob. 3PSBCh. 11 - Prob. 4PSBCh. 11 - Refer to Apples financial statements in Appendix A...Ch. 11 - Prob. 2BTNCh. 11 - Harriet Moore is an accountant for New World...
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