ACC1010_Principles of Accounting I_HWTemplates_M7_M13M14 (1).xlsx

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Baker CollegeACC 1010 Principles of Accounting IProblem 13-3Income StatementFor the Year Ended December 31sales$800,000cost of goods sold460,000profit340,000selling expense$65,000administrative expense72,000137,000operating income203,000loss of equipment4,000total income199,000tax expense42,000Net income$157,000Earnings per share$6.28Calculation of weighted average shares of stock# sharesMonths20,000127,000122,0001236Weighted average shares of stock outstanding25,000
Share months128222
Baker CollegeACC 1010 Principles of Accounting IProblem 13-9Ratio1 Quick ratio2 Current ratio3 Accounts receivable turnover4 Inventory turnover5 Debt to equity ratio
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Term
Fall
Professor
Ashley Harper
Tags
Balance Sheet, Revenue, Generally Accepted Accounting Principles, Dividend yield, P E ratio

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