3-5 ROE
Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are $100 million and it has total assets of $50 million. What is its ROE? Return on common equity= net income available to common stockholders/common equity 3-6 Du Pont Analysis

Donaldson & Son has an ROA of 10%, a 2% profit margin, and a return on equity equal to 15%. What is the company’s total assets turnover? What is the firm’s equity multiplier? 3-7 Current and Quick Ratios

Ace Industries has current assets equal to $3 million. The company’s current ratio is 1.5, and its quick ratio is 1.0. What is the firm’s level of current liabilities? What is the firm’s level of inventories? Problems (pp. 165-167)

4-1 Future Value of Single Payment
If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years? $10,000*.10=$1,000; $1,000*5 years =$5,000; $10,000+$5,000=$15,000 4-2 Present Value of Single Payment

What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 7% annually? 4-6 Future Value: ordinary Annuity versus Annuity Due
What is the future value of a 7%, 5-year ordinary annuity that pays $300 each year? If this were an annuity due, what would its future value be? 4-13 Present Value of an Annuity
Find the present value of the following ordinary annuities (see the Notes to Problem 4-12). A.$400 per year for 10 years at 10%
B.$200 per year for 5 years at 5%
C.$400 per year for 5 years at 0%
D.Now rework parts a, b, and c assuming that payments are made at the beginning of each year; that is, they are annuities due. 4-14 PV Uneven Cash Flow Stream
Find the present values of the following cash flow streams. The appropriate interest rate is 8%. (Hint: It is fairly easy to work this problem dealing with the individual cash flows. However, if you have a financial calculator, read the section of the manual that describes how to enter cash flows...

...transformation from U.S. GenerallyAcceptedAccountingPrinciples (US GAAP) to International Financial Reporting Standards (IFRS) in the timber industry. I will cover the following topics: different accounting treatment under U.S. GAAP and IFRS, the influence on investment decisions, Plum Creek’s reason for the opposition against transformation, and conclude with my preferred accounting treatment under...

...taxes are paid?
7.
Repeat Problem 6 assuming the corporation is an S corporation.
8.
In early 2009, General Electric (GE) had a book value of equity of $105 billion, 10.5 billion shares outstanding, and a market price of $10.80 per share. GE also had cash of $48 billion, and total debt of $524 billion. Three years later, in early 2012, GE had a book value of equity of $116 billion, 10.6 billion shares outstanding with a market price of $17 per share, cash...

...
Executive summary
This report has been made to evaluate the financial performance of the Mountainarious sporting company for the owner to connect a meeting with the bank for future sanctioning loan. This report offers an assessment and investigation of the present and future profitability’ liquidity and financial stability of ltd. Procedures of study comprise trend of vertical and horizontal analysis as well as ratios such as debt, current...

...industry (including Costco) are all stable and have financially sound operations. This indicates the strength of a solid industry.
A review of the letter to shareholders shows a clear and concise statement of Costco Wholesale's current activity and future plans. It is clearly an exciting time for shareholders with fiscal year 2004 showing record sales and profits. The company has opened 20 new warehouses worldwide; and has declared its first-ever quarterly cash dividend. In...

...Part I.
A. GenerallyAcceptedAccountingPrinciples.
GAAP is not a fixed set of rules. It is a guideline or more precisely a group of objectives and concepts that have evolved over 500 years from the basic concepts of Luca Pacioli set forth in the 1400s. It governs how financial statements are prepared and presented in the United States. The Financial Accounting Standards Boards (FASB), the American Institute of...

...
GenerallyAcceptedAccountingPrinciples
September 2, 2013
NUR/571
Generallyacceptedaccountingprinciples (GAAP) is the term “used to describe the body of and requirements that shape the preparation of the four primary financial statements (Cleverley & Cameron, 2007).” These statements include the balance sheet, the statement of revenues and expenses, statement of...

...Accountants use generallyacceptedaccountingprinciples (GAAP) to guide them in recording and reporting financial information. GAAP comprises a broad set of principles that have been developed by the accounting profession and the Securities and Exchange Commission (SEC). Two laws, the Securities Act of 1933 and the Securities Exchange Act of 1934, give the SEC authority to establish reporting and disclosure...

...ACG6026 Boot Camp Quiz
Fall 2013
1. Which of the following is the fundamental accounting equation?
a. Current assets + Current liabilities = Owners' equity
b. Assets + Owners' equity = Liabilities
c. Cash = Debts + Common stock
d. Assets = Liabilities + Owners' equity
2. Which one of the following best describes a balance sheet?
a. A description of the entity's operations over a period of time
b. A snapshot at a point in time of an entity's assets,...

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