Acct 505 Week 6 Quiz
1.Question :(TCO D) Financial data for Beaker Company for last year appear below.Beaker CompanyStatement of Financial PositionBeginningEnding BalanceBalanceAssetsCash$50,000$70,000Accounts receivable20,00025,000Inventory30,00035,000Plant and Equipment (net)120,000110,000Investment in Cedar Company80,000100,000Land (undeveloped)170,000170,000Total Assets$470,000510,000Liabilities and Owners EquityAccounts payable$70,000$90,000Long-term debt250,000250,000Owners equity150,000170,000Total liabilities and owners equity$470,000$510,000 Beaker Company Income StatementSales$414,000Less Operating Expenses351,900Net Operating Income62,100Less Interest and Taxes   Interest Expense$30,000   Tax Expense10,00040,000Net Income$22,000The company paid dividends of $2,100 last year. The “Investment in Cedar Company” on the statement of financial position represents an investment in the stock of another company.Required: I. Compute the companys margin, turnover, and return on investment for last year.ii. The board of directors of Beaker Company has set a minimum required return of 20%. What was the companys residual income last year?
Download as:
txt (9.5 Kb)
docx (12.6 Kb)
Continue for 4 more pages »
Read Full Essay
Essay Preview
Report this essay
Similar Essays
Audting and Assurance Week 1
Gm 597 Week 3 – Business Law
Basic Measurements and Uncertainties Post-Lab Quiz: Addendum
Acct Case
Week Four Discussion Questions
Acct 310 – Memo for Accounting
Market Based Managment Quiz
Week Five Discussion Questions
Business Law 415 Week Two State of Confusion Memorandum
Week 3 Case A: Coopers Brewery
Acct 801 – Executive Case Analysis for Automation Consulting Services
Acct 2101 Financial Accounting
A Week Devoid of Electricity
Acct 525 Week 3 Assignment
Similar Topics
Learning Team Week Four
© 2011–2020 AllFreePapers.com
Browse
Join now!
Login
Support
Site Map
Privacy Policy
Terms of Service
Facebook
Twitter