ent Assets Cash A/R Inventory Total Net Plant & Equip Total Assets Tomson Corporation 2013 and 2014 Statement of Financial Position Assets 2013 $ 8,436 21,530 38.760 $ 68,726 $ 226.706 $295,432 2014 $ 10,157 23,406 42.
ent Assets Cash A/R Inventory Total Net Plant & Equip Total Assets Tomson Corporation 2013 and 2014 Statement of Financial Position Assets 2013 $ 8,436 21,530 38.760 $ 68,726 $ 226.706 $295,432 2014 $ 10,157 23,406 42.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...
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Question
Current Assets
Cash
A/R
Inventory
Total
Net Plant & Equip
Total Assets
Tomson Corporation
2013 and 2014 Statement of Financial Position
Assets
2013
$ 8,436
21,530
38.760
$ 68,726
$ 226.706
$295,432
2014
$ 10,157
23,406
42.650
$ 76,213
Current Liabilities
A/P
Notes Payable
Total
1. The current ratio for each year
2. The quick ratio for each year
Long-term Debt
Owner's Equity
Common Stock &
Paid-in Surplus
Retained Earnings
$248,306
Total
Total Liabilities &
$324,519 Owners Equity
Liabilities
3.
The cash ratio for each year
4. The NWC to total assets ratio for each year
2013
5.
The debt-equity ratio and the equity multiplier for each year
6. The total debt ratio and the long-term debt ratio for each year
Round all answers to 2 decimal places.
$ 43,050
18.384
$61.434
$ 25.000
$ 40,000
168.998
$ 208,998
$ 295,432
2014
1. Prepare:
The 2014 combined common-size, common-base year statement of financial position for
Tomson. Round your intermediate calculations to 2 decimal places and final answers to 4
decimal places.
2. Calculate:
$ 46,821
17.382
$ 64,203
$ 32.000
$ 40,000
188.316
$ 228,316
$ 324.519
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