{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

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

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

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

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

View Full Document
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
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 company’s main source of cash is cash provided by operating activities and is increasing. The company’s ability to generate cash is good seeing as how over one year there is an increase in cash flow....
View Full Document

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern