accounting worksheet with problems attached

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Rynjanz1

Business Finance

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Problem 9-4 Name: Section: Score: 16% Key Code: 2 Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the row immediately beneath an incorrect answer. 1. Working capital: Ratio $965,000 - Numerator ÷ Denominator $ ÷ $ 200,000 = 965,000 $200,000 = 2. Current ratio 3. Quick ratio ÷ $ 200,000 = 4. Accounts receivable turnover ÷ $ 175,000 = 5. Number of days' sales in receivables ÷ = 6. Inventory turnover ÷ = 7. Number of days' sales in inventory ÷ = 8. Ratio of fixed assets to long-term liabilities ÷ = 9. Ratio of liabilities to stockholders' equity ÷ = 10. Number of times interest charges earned ÷ = 11. Number of times preferred dividends earned ÷ = 12. Ratio of net sales to assets ÷ = 13. Rate earned on total assets ÷ = 14. Rate earned on stockholders' equity ÷ = 15. Rate earned on common stockholders' equity ÷ = 16. Earnings per share on common stock ÷ = 17. Price-earnings ratio ÷ = 18. Dividends per share of common stock ÷ = 19. Dividend yield ÷ = $765,000 Calculated Value 4.8 Problem 9-2 Name: Section: Score: 0% Key Code: 2 Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the column to the right of an incorrect answer. 1. BLUE BUFFALO COMPANY Comparative Income Statement For the Years Ended December 31, 2012 and 2011 Sales Sales returns and allowances Net sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other income Income before income tax Income tax expense (benefit) Net income (loss) 2. $ $ $ $ $ $ $ $ 2012 Amount 1,545,000 45,000 1,500,000 960,000 540,000 285,000 90,000 375,000 165,000 36,000 201,000 42,000 159,000 Percent $ $ $ $ $ $ $ $ 2011 Amount 1,224,000 24,000 1,200,000 780,000 420,000 216,000 96,000 312,000 108,000 36,000 144,000 28,800 115,200 2011 Percent
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