Loose Leaf for Financial Accounting: Information for Decisions
9th Edition
ISBN: 9781260158762
Author: John J Wild
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Videos
Question
Chapter 13, Problem 15DQ
Summary Introduction
Concept Introduction:
Equity ratio indicates the relation between the total
To Calculate: the equity ratio of the company for the year 2016 and 2015.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Refer to the statements for Google. For the year ended December 31, 2017, what was its debt-to-equity ratio? What does this ratio tell us?
The financial statements for Nike, Inc. (NKE), are presented in Appendix E at the end of the text. The following additional information is available (in thousands):
Accounts receivable at May 31, 2015 $3,358
Inventories at May 31, 2015 4,337
Total assets at May 31, 2015 21,597
Stockholder’s equity at May 31, 2015 12,707
Determine the following measures for the fiscal year ended May 31, 2017 and May 31, 2016. Round ratios and percentages to one decimal place.
Working capital.
Current ratio.
Quick ratio.
Accounts receivable turnover.
Number of days sales in receivables.
Inventory turnover.
Number of days sales in inventory.
Ratio of liabilities to stockholder’s equity.
Asset turnover.
Return on total assets, assuming interest expense is $82 million for the year ending May 31, 2017 and $33 million for the year ending May 31, 2016.
Return on common…
Assume Microsoft Corporation reports the following balances for the prior-year balance sheet and current-year income statement ($ millions). Prepare the articulation of Microsoft’s financial statements for fiscal years 2014 and 2015.
Chapter 13 Solutions
Loose Leaf for Financial Accounting: Information for Decisions
Ch. 13 - Explain the difference between financial reporting...Ch. 13 - Prob. 2DQCh. 13 - Prob. 3DQCh. 13 - Prob. 4DQCh. 13 - Prob. 5DQCh. 13 - Prob. 6DQCh. 13 - Prob. 7DQCh. 13 - Prob. 8DQCh. 13 - Prob. 9DQCh. 13 - Prob. 10DQ
Ch. 13 - Prob. 11DQCh. 13 - Prob. 12DQCh. 13 - Prob. 13DQCh. 13 - Prob. 14DQCh. 13 - Prob. 15DQCh. 13 - Prob. 16DQCh. 13 - Prob. 17DQCh. 13 - Prob. 1QSCh. 13 - Prob. 2QSCh. 13 - Prob. 3QSCh. 13 - Prob. 4QSCh. 13 - Prob. 5QSCh. 13 - Prob. 6QSCh. 13 - Prob. 7QSCh. 13 - Prob. 8QSCh. 13 - Which of the following gains or losses would...Ch. 13 - Prob. 1ECh. 13 - Prob. 2ECh. 13 - Prob. 3ECh. 13 - Prob. 4ECh. 13 - Prob. 5ECh. 13 - Prob. 6ECh. 13 - Prob. 7ECh. 13 - Prob. 10ECh. 13 - Prob. 12ECh. 13 - Prob. 13ECh. 13 - Prob. 14ECh. 13 - Prob. 15ECh. 13 - Prob. 16ECh. 13 - Prob. 1PSACh. 13 - Prob. 2PSACh. 13 - Prob. 3PSACh. 13 - Prob. 5PSACh. 13 - Prob. 6PSACh. 13 - Selected comparative financial statements of...Ch. 13 - Prob. 2PSBCh. 13 - Prob. 3PSBCh. 13 - Prob. 5PSBCh. 13 - Prob. 6PSBCh. 13 - Prob. 13SPCh. 13 - Prob. 2FSACh. 13 - Prob. 3FSACh. 13 - Prob. 1BTNCh. 13 - Prob. 5BTN
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- The stockholders equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2016, are as follows. Prepare a statement of stockholders equity for the fiscal year ended December 31, 2016.arrow_forwardFinancial statement analysis The financial statements for Nike, Inc., are presented in Appendix D at the end of the text. Use the following additional information (in thousands): Instructions 1. Determine the following measures for the fiscal years ended May 31, 2016, and May 31, 2015. Round ratios and percentages to one decimal place. a. Working capital b. Current ratio c. Quick ratio d. Accounts receivable turnover e. Number of days sales in receivables f. Inventory turnover g. Number of days sales in inventory h. Ratio of liabilities to stockholders equity i. Asset turnover j. Return on total assets. k. Return on common stockholders equity l. Price-earnings ratio, assuming that the market price was 54.90 per share on May 29, 2016, and 52.81 per share on May 30, 2015 m. Percentage relationship of net income to sales 2. What conclusions can be drawn from these analyses?arrow_forwardThese are the current ratios for Facebook INC. for the 2018 and 2017 years. Based on these numbers, how well or poorly is the company doing?arrow_forward
- The following is the balance sheet data of ABD Ltd. for the year ending Dec 31, 2016 and Dec 31, 2015. Year Total Equity Total Liabilities Dec 31, 2016 $34,670 $14,560 Dec 31, 2015 $33,240 $13,250 Determine the total assets as on Dec 31, 2016 and Dec 31, 2015 respectively. $49,230 and $46,490 $20,110 and $19,990 $34,675 and $46,501 $48,243 and $13,250arrow_forwardFind the ROE for Potbelly Corporation for the year 2015, use highlighted excel company information for 2014 and 2015 to find average shareholders equity. List steps taken pleasearrow_forwardThese are the current ratios for Cisco Inc. for the 2018 and 2017 years. Based on these numbers, how well or poorly is the company doing?arrow_forward
- Refer to Apple’s financial statements. Compute its profit margin for the years ended September 30, 2017, and September 24, 2016.arrow_forwardPlease answer all parts with explanations thx also need times interest earned for 2014- 2018 and ratio of liabilities to stockholders equity for 2014-2018arrow_forwardUsing the Balance Sheets and Income Statement below, please calculate the following ratios for Smolira Golf Corp. (use year-end figures rather than average values where appropriate): Profitability ratios: Profit Margin Return on Assets Return on Equity We will follow up and discuss your calculations during this week's live session. SMOLIRA GOLD CORP.2014 and 2015 Balance Sheets Assets ($) Liabilities and Owners' Equity ($) 2014 2015 2014 2015 Current Assets Current Liabilities Cash 26,450 29,106 Accounts Payable 30,602 35,485 Accounts Receivable 13,693 18,282 Notes Payable 15,840 13,500 Inventory 27,931 32,586 Other 15,280 20,441 Total 68,074 79,974 Total 61,722 69,426 Long-term debt 95,000 110,000 Fixed Assets Owner's equity Net Plant and Equipment 357,165 398,346 Common stock and paid-in surplus 45,000 45,000…arrow_forward
- 5. Compute the following financial ratios for 2015 and 2016 and interpreting the results in the image attached: (1 decimal place) d. age of receivables e. inventory turnover f. age of inventory g. asset turnover h. fixed asset turnover i. times interest earned j. debt ratio k. equity ratio l. debt to equity ratio m. gross profit margin n. return on equity o. return on assetsarrow_forwardConsider the comparative balance sheet and income statement for Starbucks provided in the shown Figures . Based on these financial statements, determine the following for the year September 30, 2018: Solve, a. Return on assets employed. b. Return on owner’s equity. c. Current ratio.arrow_forwardwhat is the Q3 earnings report for Amazon? Report expected vs actual Revenue and EPS. Did stock move up or down after the earning announcement? Explain the reason for the movementarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Financial AccountingAccountingISBN:9781305088436Author:Carl Warren, Jim Reeve, Jonathan DuchacPublisher:Cengage Learning
Financial Accounting: The Impact on Decision Make...AccountingISBN:9781305654174Author:Gary A. Porter, Curtis L. NortonPublisher:Cengage Learning
Financial AccountingAccountingISBN:9781337272124Author:Carl Warren, James M. Reeve, Jonathan DuchacPublisher:Cengage Learning
Financial Accounting
Accounting
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Cengage Learning
Financial Accounting: The Impact on Decision Make...
Accounting
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Cengage Learning
Financial Accounting
Accounting
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Cengage Learning
Financial ratio analysis; Author: The Finance Storyteller;https://www.youtube.com/watch?v=MTq7HuvoGck;License: Standard Youtube License