menu
bartleby
search
close search
Hit Return to see all results
Subscribe
Sign in

Business
AccountingCornerstones of Financial Accounting4th Edition

close solutoin list
Chapter 12, Problem 98.1C
BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

Solutions

Chapter
Section
Problem 1DQ
Problem 2DQ
Problem 3DQ
Problem 4DQ
Problem 5DQ
Problem 6DQ
Problem 7DQ
Problem 8DQ
Problem 9DQ
Problem 10DQ
Problem 11DQ
Problem 12DQ
Problem 13DQ
Problem 14DQ
Problem 15DQ
Problem 16DQ
Problem 1MCQ
Problem 2MCQ
Problem 3MCQ
Problem 4MCQ
Problem 5MCQ
Problem 6MCQ
Problem 7MCQ
Problem 8MCQ
Problem 9MCQ
Problem 10MCQ
Problem 11MCQ
Problem 12MCQ
Problem 13MCQ
Problem 14MCQ
Problem 15MCQ
Problem 16MCQ
Problem 17MCQ
Problem 18MCQ
Problem 19MCQ
Problem 20MCQ
Problem 21MCQ
Problem 22MCQ
Problem 23MCQ
Problem 24MCQ
Problem 25MCQ
Problem 26MCQ
Problem 27MCQ
Problem 28MCQ
Problem 29MCQ
Problem 30MCQ
Problem 31MCQ
Problem 32MCQ
Problem 33MCQ
Problem 34MCQ
Problem 35MCQ
Problem 36MCQ
Problem 37MCQ
Problem 38MCQ
Problem 39MCQ
Problem 40MCQ
Problem 41MCQ
Problem 42MCQ
Problem 43MCQ
Problem 44MCQ
Problem 45MCQ
Problem 46CE
Problem 47CE
Problem 48CE
Problem 49CE
Problem 50CE
Problem 51CE
Problem 52CE
Problem 53CE
Problem 54CE
Problem 55CE
Problem 56CE
Problem 57BE
Problem 58BE
Problem 59BE
Problem 60BE
Problem 61BE
Problem 62BE
Problem 63BE
Problem 64BE
Problem 65BE
Problem 66BE
Problem 67BE
Problem 68E
Problem 69E
Problem 70E
Problem 71E
Problem 72E
Problem 73E
Problem 74E
Problem 75E
Problem 76E
Problem 77E
Problem 78E
Problem 79E
Problem 80E
Problem 81E
Problem 82E
Problem 83E
Problem 84PSA
Problem 85PSA
Problem 86PSA
Problem 87PSA
Problem 88PSA
Problem 89PSA
Problem 90PSA
Problem 91PSA
Problem 92PSA
Problem 93PSA
Problem 84PSB
Problem 85PSB
Problem 86PSB
Problem 87PSB
Problem 88PSB
Problem 89PSB
Problem 90PSB
Problem 91PSB
Problem 92PSB
Problem 93PSB
Problem 94C
Problem 95.1C
Problem 95.2C
Problem 96.1C
Problem 96.2C
Problem 97.1C
Problem 97.2C
Problem 97.3C
Problem 97.4C
Problem 97.5C
Problem 97.6C
Problem 98.1C
Problem 98.2C
Problem 98.3C
Problem 99.1C
Problem 99.2C
Problem 99.3C
Problem 99.4C
Problem 99.5C
BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
1 views

Identifying the Causes of Profitability Changes

The consolidated financial statements for Dowcett Shipping Corporation and

Chapter 12, Problem 98.1C, Identifying the Causes of Profitability Changes The consolidated financial statements for Dowcett , example 1

Chapter 12, Problem 98.1C, Identifying the Causes of Profitability Changes The consolidated financial statements for Dowcett , example 2

Required:

I. Evaluate Dowsett’s performance m 2019.

To determine

Financial statements help in calculating the value of the firm and also show the position of the business. Financial statement includes three statements:

1. The balance sheet (along with shareholder’s equity statement).

2. The income statement.

3. Cash flow statement.

To evaluate:

The performance of the company from the given financial statement.

Explanation

For 2018

debt management ratio1. long-term debt to equity ratio=long-term debt total equity=$1797844$1579722=1.142. Debt to equity ratio=Total liabilitiesTotal equity=$3883463$1579722=2.453. Long-term debt to total assets ratio= long-term debt Total Assets=$1797844$5463186=0.334. Debt to total assets ratio = Total liabilitiesTotal assets=$3883463$5463186=0.71

5. Return on assets =Net income +[interest expense ×( 1−tax rate)]Average total assets                              =−113782+[164315( 1−0.25)]5463186=9454.255463186=0.00176. Return on equity=net income Average equity=−1137821579722=0.0727. net profit margin =Net incomenet sales=−1137827550060=0.015

For 2019

debt management ratio1

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution
arrow_back
Chapter 12,
Problem 97.6C
Chapter 12,
Problem 98.2C
arrow_forward

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Chapter 12 Solutions

Show all chapter solutions add
Ch-12 P-1DQCh-12 P-2DQCh-12 P-3DQCh-12 P-4DQCh-12 P-5DQCh-12 P-6DQCh-12 P-7DQCh-12 P-8DQCh-12 P-9DQCh-12 P-10DQ
Ch-12 P-11DQCh-12 P-12DQCh-12 P-13DQCh-12 P-14DQCh-12 P-15DQCh-12 P-16DQCh-12 P-1MCQCh-12 P-2MCQCh-12 P-3MCQCh-12 P-4MCQCh-12 P-5MCQCh-12 P-6MCQCh-12 P-7MCQCh-12 P-8MCQCh-12 P-9MCQCh-12 P-10MCQCh-12 P-11MCQCh-12 P-12MCQCh-12 P-13MCQCh-12 P-14MCQCh-12 P-15MCQCh-12 P-16MCQCh-12 P-17MCQCh-12 P-18MCQCh-12 P-19MCQCh-12 P-20MCQCh-12 P-21MCQCh-12 P-22MCQCh-12 P-23MCQCh-12 P-24MCQCh-12 P-25MCQCh-12 P-26MCQCh-12 P-27MCQCh-12 P-28MCQCh-12 P-29MCQCh-12 P-30MCQCh-12 P-31MCQCh-12 P-32MCQCh-12 P-33MCQCh-12 P-34MCQCh-12 P-35MCQCh-12 P-36MCQCh-12 P-37MCQCh-12 P-38MCQCh-12 P-39MCQCh-12 P-40MCQCh-12 P-41MCQCh-12 P-42MCQCh-12 P-43MCQCh-12 P-44MCQCh-12 P-45MCQCh-12 P-46CECh-12 P-47CECh-12 P-48CECh-12 P-49CECh-12 P-50CECh-12 P-51CECh-12 P-52CECh-12 P-53CECh-12 P-54CECh-12 P-55CECh-12 P-56CECh-12 P-57BECh-12 P-58BECh-12 P-59BECh-12 P-60BECh-12 P-61BECh-12 P-62BECh-12 P-63BECh-12 P-64BECh-12 P-65BECh-12 P-66BECh-12 P-67BECh-12 P-68ECh-12 P-69ECh-12 P-70ECh-12 P-71ECh-12 P-72ECh-12 P-73ECh-12 P-74ECh-12 P-75ECh-12 P-76ECh-12 P-77ECh-12 P-78ECh-12 P-79ECh-12 P-80ECh-12 P-81ECh-12 P-82ECh-12 P-83ECh-12 P-84PSACh-12 P-85PSACh-12 P-86PSACh-12 P-87PSACh-12 P-88PSACh-12 P-89PSACh-12 P-90PSACh-12 P-91PSACh-12 P-92PSACh-12 P-93PSACh-12 P-84PSBCh-12 P-85PSBCh-12 P-86PSBCh-12 P-87PSBCh-12 P-88PSBCh-12 P-89PSBCh-12 P-90PSBCh-12 P-91PSBCh-12 P-92PSBCh-12 P-93PSBCh-12 P-94CCh-12 P-95.1CCh-12 P-95.2CCh-12 P-96.1CCh-12 P-96.2CCh-12 P-97.1CCh-12 P-97.2CCh-12 P-97.3CCh-12 P-97.4CCh-12 P-97.5CCh-12 P-97.6CCh-12 P-98.1CCh-12 P-98.2CCh-12 P-98.3CCh-12 P-99.1CCh-12 P-99.2CCh-12 P-99.3CCh-12 P-99.4CCh-12 P-99.5C

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

What is an entity? Distinguish an entity and an instance of an entity.

Accounting Information Systems

Effect of omitting adjustments For the year ending August 31, Mammalia Medical Co. mistakenly omitted adjusting...

Accounting

Closing entries After the accounts have been adjusted at April 30, the end of the fiscal year, the following ba...

Financial & Managerial Accounting

Analyze Sears Holding Corporation Soars Holdings Corporation (SHLD) is one of the largest mall-based retailers ...

Corporate Financial Accounting

(Pitfalls of Economic Analysis) Review the discussion of pitfalls in economic thinking in this chapter. Then id...

ECON MICRO

(Other Elasticity Measures) Complete each of the following sentences: a. The income elasticity of demand measur...

ECON: MICRO4 (New, Engaging Titles from 4LTR Press)

What is the objective of operational planning? What four steps are used to accomplish this objective?

Foundations of Business (MindTap Course List)

Suppose you believe that the economy is just entering a recession. Your firm must raise capital immediately, an...

Fundamentals of Financial Management, Concise Edition (MindTap Course List)

A survey conducted by Better Homes and Gardens Real Estate LLC showed that one in five U.S. homeowners have eit...

STATISTICS F/BUSINESS+ECONOMICS-TEXT

The article Snow Cover and Temperature Relationships in North America and Eurasia (J. Climate and Applied Meteo...

Probability and Statistics for Engineering and the Sciences

Why isn't trade among countries like a game with some winners and some losers?

Principles of Economics (MindTap Course List)

Suppose that in the United States, producing an aircraft takes 10,000 hours of labor and producing a shirt take...

Principles of Microeconomics (MindTap Course List)

How are direct-mail and e-mail sales messages similar, and how are they different?

Essentials of Business Communication (MindTap Course List)

STATEMENT OF STOCKHOLDERS EQUITY Electronics World Inc. paid out 22.4 million in total common dividends and rep...

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

Differentiate between dealer markets and stock markets that have a physical location.

Fundamentals of Financial Management (MindTap Course List)

Goods and services that are not sold in markets, such as food produced and consumed at home, are generally not ...

Principles of Macroeconomics (MindTap Course List)

Many years ago, Peggy paid 500 to put together a record collection. Today, she sold her albums at a garage sale...

Brief Principles of Macroeconomics (MindTap Course List)

Staten Corporation is considering two mutually exclusive projects. Both require an initial outlay of 150,000 an...

Financial And Managerial Accounting

Identify key issues and challenges that must be overcome to be successful in the global marketplace.

Fundamentals of Information Systems

You are using a new release of an application software package. You think that you have discovered a bug. Outli...

Principles of Information Systems (MindTap Course List)

How does a false positive alarm differ from a false negative alarm? From a security perspective, which is less ...

Principles of Information Security (MindTap Course List)

What is structural independence, and why is it important?

Database Systems: Design, Implementation, & Management

Describe the CRISP-DM model, and explain how it can be used to plan and execute a data mining effort.

Fundamentals of Information Systems

Which command deletes a table and all its data?

A Guide to SQL

What data redundancies do you detect? How could those redundancies lead to anomalies?

Database Systems: Design, Implementation, & Management

The maximum distance that a spark breaker and tool rest should be from a wheel is ________.

Precision Machining Technology (MindTap Course List)

A cantilever beam AB with rectangular cross sections of a constant width b and varying height /iT is subjected ...

Mechanics of Materials (MindTap Course List)

What is outsourcing? How is it different from offshoring?

Principles of Information Systems (MindTap Course List)

For Problem 19.22, determine the probability (assuming normal distribution) that a light bulb would have a life...

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

Repeat Problem 2.2 with the following results of a sieve analysis: 2.2 Following are the results of a sieve ana...

Fundamentals of Geotechnical Engineering (MindTap Course List)

Which of the following is electrically connected in series with the compressor electromagnetic clutch? Ambient ...

Automotive Technology: A Systems Approach (MindTap Course List)

What are JAD and RAD, and how do they differ from traditional fat-finding methods? What are main advantages of ...

Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)

Which international InfoSec standards have evolved from the BS7799 model? What do they include?

Management Of Information Security

How may additional steps of acceleration be added?

Electric Motor Control

Convert P = 5.00 atm into Pa, bar, and psia.

Fundamentals of Chemical Engineering Thermodynamics (MindTap Course List)

If the pressure drop through a cyclone is assumed to be I in. of water, estimate the diameter of cyclone requir...

Solid Waste Engineering

What is the maximum volt-ampere rating of transformers supplying Class 2 systems? ___________

EBK ELECTRICAL WIRING RESIDENTIAL

Repeat Problem 2.11 with the following data. 2.11 The grain-size characteristics of a soil are given in the fol...

Principles of Geotechnical Engineering (MindTap Course List)

Determine the force in the hydraulic cylinder EF that would maintain the parallelogram mechanism in the positio...

International Edition---engineering Mechanics: Statics, 4th Edition

How is a battery leakage test conducted?

Automotive Technology

Design the tension members of the roof truss shown in Figure P3.8-4. Use, double-angle shapes throughout and as...

Steel Design (Activate Learning with these NEW titles from Engineering!)

Gomez Company sells electrical supplies on a wholesale basis. The balances of the accounts as of April 1 have b...

College Accounting (Book Only): A Career Approach

What information does the quick ratio supply that the current ratio does not?

Managerial Accounting: The Cornerstone of Business Decision-Making

Applebaum Security Company is located in State H, which enables employers to reduce their contribution rates un...

PAYROLL ACCT.,2019 ED.(LL)-TEXT

Factory overhead cost variance report Topeka Plastics Inc. prepared the following factory overhead cost budget ...

Survey of Accounting (Accounting I)

R. Dalberg operates Dalbergs Tours. The company has the following chart of accounts: Using the chart of account...

College Accounting (Book Only): A Career Approach

Which of the following statements is NOT correct? a. EAMs capture transactions during processing without removi...

Accounting Information Systems

Balances for each of the following accounts appear in an adjusted trial balance. Identify each as (a) asset, (b...

Financial Accounting

When delivery revenue is earned in cash, which accounts increase or decrease? (a) Cash increases; Revenue incre...

College Accounting, Chapters 1-27

On June 1, 2019, Herbal Co. received 18,900 for the rent of land for 12 months. Journalize the adjusting entry ...

Financial Accounting

Refer to Cornerstone Exercise 8.6. Required: 1. Calculate the total budgeted cost of units produced for Play-Di...

Cornerstones of Cost Management (Cornerstones Series)

Production budget True Tab Inc. produces a small and large version of its popular electronic scale. The anticip...

Accounting (Text Only)

Multiple production department factory overhead rate method Hand Armour, Inc. produces three types of high perf...

Financial & Managerial Accounting

Entries for notes payable A business issued a 120-day, 5% note for 90,000 to a creditor on account. Journalize ...

Corporate Financial Accounting

CASH RECEIPTS TRANSACTIONS Color Florists, a retail business, had the following cash receipts during January 20...

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

Rent received in advance by the lessor for an operating lease should be recognized as revenue a. when received ...

Intermediate Accounting: Reporting And Analysis

What is the implication about economic growth for an economic system with weak enforcement of patent and copyri...

Exploring Economics

What is a cash budget, and how can this statement be used to help reduce the amount of cash that firm needs to ...

Fundamentals of Financial Management (MindTap Course List)

Which demand curve for labor in the accompanying figure exhibits the most pronounced wage-employment trade-off?...

Economics (MindTap Course List)

Water is necessary for life. Is the marginal benefit of a glass of water large or small?

Essentials of Economics (MindTap Course List)

Differentiate the four stages of the product lifecycle in terms of industry sales and profits.

Contemporary Marketing

Analyze the components of the consumer decision-making process

MKTG 12:STUDENT ED.-TEXT

What factors should affect the variability of the growthrate of real output? Which do you think could providefo...

Economics:

Suppose a monopolist and a perfectly competitive firm have the same cost curves. The monopolistic firm would a....

Micro Economics For Today

For each of the following items, circle either (a) or (b). In some cases, both (a) and (b) may apply to you. Yo...

Management, Loose-Leaf Version

Why has supply management traditionally not been involved in the corporate strategic planning function?

Purchasing and Supply Chain Management

Consider again Grand Prixs problem of shipping automobiles from three plants to four regions. However, the prob...

Practical Management Science

Using Exhibit 1 in the chapter, suppose the price ceiling is 13 instead of 8. Would the consequences of the pri...

Microeconomics

In a system of fractional-reserve banking, even without any action by the central bank, the money supply declin...

Principles of Macroeconomics (MindTap Course List)

Which of the following figures, (a)(c), is consistent with or representative of a. the economy operating at the...

Macroeconomics

Correct the number usage in the following sentences taken from a letter or a report. The question was answered ...

Bcom

Provide an example of a business where the evolution of communication (i.e., face-to-face, phone, e-mail, etc.)...

Pkg Acc Infor Systems MS VISIO CD

Crowding out refers to the situation in which a. borrowing by the federal government raises interest rates and ...

Economics For Today

(Price Floor)J here is considerable interest in whether the minimum wage rate contributes to teenage unemployme...

ECON MACRO

RESIDUAL DIVIDEND MODEL Axel Telecommunications has a target capital structure that consists of 70% debt and 30...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

bartleby
© bartleby 2019