ACCT 5301

Checklist for Assignments
1-28 b) Ending equity = $1,654
1-32 Return on assets = 8.7%
2-23 2012 Ending retained earnings = $102,766
2-27 Net income = $174,000 Total assets = $426,000
2-31 Total assets = $13,911 Net profit margin = 3.62%
2-33 a) ANF profit margin = 4.3% b) ANF stockholders’ % = 64.1%
3-15 Ending cash = $4,555
3-19 Ins. Exp.=$185 Supplies exp = $1,080
3-27 Depreciation = $610 Supplies Exp. = $1,890
3-40 Salaries = $720 Interest = $200
4-23 a) NOPAT for Home Depot = $3,695 b) Lowe’s NOPAT % of Sales = 4.5%
4-27 a) Limited Brands RNOA = 27.73% b) Limited Brands NOPM = 8.59% NOAT=3.23
4-32 a) 2010 Current Ratio = 0.73 b) 2009 Times Interest Earned = 5.5
4-33 a) Industrial L/E = 0.78 Times Interest = 10.48 Finance L/E = 7.67 Times interest = 1.15
4-35 TJX 2011 NOPAT = $1.363,364
4-42 a) 2010 NOPAT = $11,250 AVE NOA = $28,942 b) 2010 RNOA = 38.87%
5-11 2012 income = $125,000
5-20 a) Revenues per month = $70,000
5-24 2011 income = $25
5-26 a) 2009 Expense = $579 b) 2009 current payable = 34.0%
6-22 a) Bad debt expense $2,930 b) A/R net = $127,550
6-23 Ending allowance = $138,100 Allowance = $10,384
6-27 b) LIFO Ending Inv.= $42,000
6-28 a) $11,469 b) $11,864 c) $404 mill
6-34 b3) $2,600 Loss
6-35 a) Average life = 14.8 yrs. b) 2010 % Used up = 60.8%
6-37 d) Impairment Loss = $55,000
6-40 b) 2010 14.0% 2009 10.4% c) Collection period = 16.3 days
7-26 a) Earned capital = +$11,000 +$40,000 b) Earned capital = +$24,000 (30% of $80,000)
7-27 b) $1,884 DuPont paid 55.3% of book value but has less than 50% ownership or would consolidate
7-29 a) $225,300 b) $346,700 c) $236,000 d) $5,200
7-33 Consolidated assets = $3,060,000
8-24 2 & 4 are recorded
8-26 $25,000 liability for wages payable
8-27 6/30 int. expense= $14,075
8-30 10/31 interest expense = $22,500
9-24 b) 2011 Outstanding shs.=