Ch 1 - 8B - the liabilities exceed the dividends/equity. c....

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Joseph Cronyn 1. Determine the missing amounts denoted by the letters. a. $12,822 b. $1,396 c. $1,396 d. $4,043 e. $1,086 f. $8,613 g. $4,043 h. $13,026 i. $4 j. $1,086 k. $13,176 l. $322 m. $599 n. $4,043 o. $599 p. $4,577 q. $1,086 r. $10,534 s. $13,217 t. $5,706 u. $4,577 v. $4,873 w. $13,217 x. $986
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
y. $1,086 z. $1,421 2. Use McConnell’s financial statements to answer these questions. a. Operations deteriorated during 20X5. More cash was made in 20X5 than 20X4 but the net income of 20X5 was less than half of that from 20X4. Less total revenue was also made in 20X5 compared to 20X4. b. The company is retaining most of its income in the company as can be seen in how
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: the liabilities exceed the dividends/equity. c. The company has $13,217 in total Assets. d. In 20X4, the company owed $8,613; at the end of 20X5, the company owed $8,344. This trend is a good trend with compared to the Asset trend because assets are increasing and liabilities are decreasing. e. The companys main source of cash is cash provided by operating activities and is increasing. The companys ability to generate cash is good seeing as how over one year there is an increase in cash flow....
View Full Document

This note was uploaded on 04/17/2008 for the course ACG 2021 taught by Professor Hornik during the Spring '08 term at University of Central Florida.

Page1 / 2

Ch 1 - 8B - the liabilities exceed the dividends/equity. c....

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online