ACC210 Ch2 Ex

ACC210 Ch2 Ex - 943 Stockholders Equity Common Stock 2,488...

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Chapter 2 Exercises 1, 2, 5, 6, 8, 11, 12 1. CL LTL? CA LTI PPE PPE PPE CA CA IA ? CA 2. Current Assets Cash $ 3,204 Account Recievables 4,653 Notes Receivable 616 Inventories 4,247 Short term Investments 319 Total current Assets 13,039 Non-Current Assets Note Receivable 13,435 Other 14,082 Total Non-current Assets 27,517 Property, Plant, and Equipment PPE 21,405 Accumulated Depreciation (12,962) Total PPE 8,443 Intangible Assets 2,903 Other Current Assets 2,061 TOTAL ASSETS $53,963 5. Texas Instruments, Inc. Balance Sheet December 31, 2004 Assets Current Assets Cash $2,668 Short Term Investments 3,690 Accounts Receivable 1,696 Inventories 1,256 Prepaid Expenses 326
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Other Curr Assets 554 Long-Term Investments 264 Property Plant and Equipment PPE 9,573 Accumulated Depreciation (5,655) Non-Current Assets 1,927 Total Assets $16,299 Liabilities and Stockholder’s Equity Current Liabilities Accounts Payable 1,444 Other Curr Liab 470 Long-Term Liabilities Long-term Debt 368 Loans Payable 11 Other Non-Current Liabilities
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Unformatted text preview: 943 Stockholders Equity Common Stock 2,488 Retained Earnings 10,575 Total Liab and Equity $16,299 6. a. Earnings Per Share = NI Dividends / Avg. Common Shares 2004: (10,103) 0 / 67,987,099.5 = -.0001486 2003: 45,523 0 / 66,269,588 = .0006869 b. It increased by .0008 cents 8. a. Working Capital = Current Assets Current Liabilities Beg: 2,525 1,123 = 1,402 End: 2,572 1,341 = 1,231 Current Ratio = Current Assets / Current Liabilities Beg: 2525 / 1,123 = 2.24:1 End: 2,572 / 1,341 = 1.91:1 b. Worsen c. Nordstroms liquidity is much better than Best Buy. 11. 12. a. Violated the Cost Principle. They should have recorded it at cost. 1. F b. Violated the Econ. Entity Principle. Does not belong at all. 2. A c. Violated Time Period Assumption. Must maintain time period length. 3. C 4. D 5. E 6. B...
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ACC210 Ch2 Ex - 943 Stockholders Equity Common Stock 2,488...

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