i have completed the work just need someone to check it and make corrections

FratBro23
Category:
Accounting
Price: $5 USD

Question description

if you do not completely understand accounting and business analysis please do not bid on this. I will tip very well on this assignment when it comes back graded and passed.

Anyhow--I have a number of documents including the existing work, the grader's comments so you know what needs to be fixed. Note that the grader's comments document includes the rubric and many important comments that MUST be addressed.

Current Ratio - Current Assets/Current Liabilities

Acid-Test Ratio - Cash + Short Term Investments + Acct. Rec. Net/Current Liabilities

Inventory Turnover - Cost of goods sold/Average Inventory

Accounts Receivable Turnover - Credit Sales/Average AR

Days Sales in Receivables ¿ 2 Step Process

Step 1 - Net Credit Sales/365 = One days sales

Step 2 - Average Net Accounts Receivable/One Days credit sales

Debt Ratio - Total Liabilities/Total Assets

Times-Interest Earned - Income from Operations/Interest Expense

Rate of Return on Net Sales - Net Income/Net Sales

Rate of Return on Total Assets - Net Income + Interest Expense/Average Total Assets

Rate of Return on Common Stockholder¿s Equity - Net Income-Preferred Dividends/Average Common Stockholder¿s Equity

Earnings per Share - Net Income - Preferred Dividends/Number of Shares of Common Stock Outstanding

Price Earnings Ratio - Market Price per Share/Earnings per Share

Book Value per Share of Common Stock - Stockholders Equity/Number of Shares of Common Stock Outstanding

20140823162041task_1_grader_feedback_plus_rubric.pdf 

20140823162053task_1_spreadsheet_current_state_0.xls 

20140823162100task_1_written_currrent_state.docx 

20140823162117task_2_spreadsheet_current_state (1).xls

20140823162128task_2_written_current_state.docx 

20140823162128task_2_written_current_state-2.docx 


this is the answer i completed

20140825080202task_1_written_current_state.docx 

20140825080549task_1_spreadsheet_current_state_0.xls 

20140825080608task_2_written_current_state.docx 

20140825080734task_2_spreadsheet_current_state.xls 


Can you please confirm calculations using the formulas above? The reason I ask is that I double checked a couple of the calculations. (This is because it's the last chance I have to get these assignments graded before the end of the term. It's really important this is correct and as you know, I've had problems.)


Anyway, I checked the following:

Rate of Return on Net Sales - Net Income/Net Sales

Rate of Return on Total Assets - Net Income + Interest Expense/Average Total Assets

My numbers I got don't match what you got. I got over 6% on Rate of Return on Net Sales and over 13% on Rate of Return on Total Assets. Now, I may be calculating these incorrectly somehow, so please do feel free to advise. 

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UIUC
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