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checklist - CHECKLIST OF KEY FIGURES For Problems in...

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Unformatted text preview: CHECKLIST OF KEY FIGURES For Problems in Kimmel, Weygandt, and Kieso F INANCIAL A CCOUNTING : T OOLS FOR B USINESS D ECISION M AKING , T HIRD E DITION ISBN: 0-471-37575-6 Chapter 1 P1-3A Net income $3,000, Retained earnings $1,300, Total assets, $78,700 P1-4A Net cash provided by operating activities $79,000 P1-5A (b) Net income $48,000 P1-3B Net income $5,100, Retained earnings $2,900, Total assets $44,400 P1-4B Net cash provided by operating activities $37,000 P1-5B Total assets $80,000 BYP 1-1 (e) Decrease in net income $10,050,000 BYP 1-2 Hersheys net income $207,156; Tootsie Rolls net income $65,687 Chapter 2 P2-2A Total assets $10,368.6 P2-3A Net income $10,500, Retained earnings $16,900, Total assets $36,000 P2-4A Net income $3,127, Retained earnings $13,437 Total assets $46,301 P2-5A (a) Price-earnings ratio: Gabelli 16.28, Campo 13.89, (b) Current cash debt coverage ratio: Gabelli .36, Campo .70, (c) Cash debt coverage ratio: Gabelli .10, Campo .42 P2-6A (a) Current ratio 2.0:1 (c) Current cash debt coverage ratio .52 times (e) Cash debt coverage ratio .29 times; (g) Price-earnings ratio 21.94 P2-7A (b) 2004 Price-earnings ratio 17.39, (d) 2004 Current ratio 2.24:1 P2-8A (b) Current ratio: Bethlehem Steel 4.4:1 U.S. Steel 1.6:1 (d) Loss per share: Bethlehem Steel $(15.27) U.S. Steel $(2.45) P2-2B Total assets $2,379,346 P2-3B Net income $36,400, Retained earnings $50,400, Total assets $79,700 P2-4B Net income $400, Retained earnings $1,675, Total assets $7,716 P2-5B (a) Price-earnings ratio: Bates 8.01, Wilson 5.98 (b) Current cash debt coverage ratio: Bates 2.29, Wilson .74 (c) Cash debt coverage ratio: Bates .95, Wilson .40 P2-6B (a) Current ratio 1.8:1, (c) Current cash debt coverage ratio 1.1 times (e) Cash debt coverage ratio .50 times; (g) Price-earnings ratio 12.71 P2-7B (b) 2004 Price-earnings ratio 21.4, (d) 2004 Current ratio 2.5:1 P2-8B (b) Current ratio: Target 1.2:1 Wal-Mart .92:1 (d) Earnings per share: Target $1.40 Wal-Mart $1.41 BYP 2-1 2001 current assets $246,096,000 BYP 2-2 (a) Hershey Foods Tootsie Roll 2. Current ratio 1.9:1 4.3:1 5. Price-earnings 44.5 30.1 BYP 2-4 (a) Percentage increase in total assets 224% Chapter 3 P3-1A (a) Retained earnings $2,210; (b) Net income $2,710 P3-2A Ending balances: Cash $15,650, Retained Earnings $1,400 P3-3A Ending balances: Cash $13,350, Office Equipment $10,100, Retained Earnings $6,980 P3-5A (b) Ending balances: Cash $55,580, Accounts Payable $480 (c) Trial balance totals $59,380 P3-6A (c) Ending balances: Cash $4,023, Accounts Payable $5,746 (d) Trial balance totals $53,355 P3-7A Trial balance totals $24,670 P3-8A (c) Ending balances: Cash $5,785, Accounts Payable $1,500 (d) Trial balance totals $34,470 P3-1B (a) Retained earnings $6,400; (b) Net income $6,800 P3-2B Ending balances: Cash $13,200, Retained Earnings $700 P3-3B Ending balances: Cash $4,600, Office Equipment $7,000, Retained Earning $4,100 P3-5B (b) Ending balances: Cash $15,600, Accounts Payable $900 (c) Trial balance totals...
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This note was uploaded on 01/28/2011 for the course ACCT 2001 taught by Professor Lowe during the Spring '08 term at LSU.

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checklist - CHECKLIST OF KEY FIGURES For Problems in...

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