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# ACC 206 Week 2- E 15-18, P 15-26A fin571

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ACC 206 Week 2- E 15-18, P 15-26A
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This 4 page Study Guide was uploaded by an elite notetaker on Wednesday November 11, 2015. The Study Guide belongs to fin571 at Kaplan University taught by in Fall 2015. Since its upload, it has received 28 views.

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Date Created: 11/11/15
P14-25A Johnson, I- ACC206 - Principles of Accounting II – AU Chapter 15, E 15-18 (15­20 min.) E 15­18 Req. 1 a. Current ratio: \$58,000 + \$31,000 + \$110,000 + \$247,000  2012: = 1.75 \$255,000 \$57,000 + \$132,000 + \$297,000  2011: = 2.19 \$222,000 b. Acid­test ratio: \$58,000 + \$31,000 + \$110,000 2012: = 0.78 \$255,000 \$57,000 + \$132,000 2011: = 0.85 \$222,000 c. Debt ratio: \$301,000* \$270,000** 2012: = 0.51 2011: = 0.50 \$585,000 \$535,000 __________ __________  *Total liabilities 2012: \$255,000 + \$46,000 = \$301,000 **Total liabilities 2011: \$222,000 + \$48,000 = \$270,000 d. Debt to equity ratio: 2012:  1.06   [(\$301,000 / (\$585,000 ­ \$301,000)]  2011:  1.02   [(\$270,000 / (\$535,000 ­ \$270,000)] Chapter 15, P 15-26A (40­50 min.) P 15­26A Req. 1 (Dollar Amounts and Stock Quantities in Thousands) 2012 2011 a. Current ratio: \$366 =1.63  \$381 = 1.55 \$225 \$246 b. Times­interest­ \$94 \$76 =10.44 = 7.60 earned ratio: \$9 \$10 c. Inventory \$237 =1.54 \$218 = 1.19 turnover: (\$145 + \$163) / 2 (\$163 + \$203) / 2 d. Gross profit  \$230 / \$467 =49.2% \$210 / \$428 =   49.1% percentage   e. Debt to equity ratio \$339/(\$577­\$339) =1.42 \$343/(\$560­\$343) = 1.58 f. Rate of return on                                \$                        \$3 common 61 − \$3.24* =48.3% 9 − \$3.24* = 36.9% stockholders’ (\$130 + \$109) / 2 (\$109 + \$85) / 2 equity: g. Earnings per share \$61−\$3.24 \$39 − \$3.24 of common stock: 12 =\$4.81** 10 = \$3.58** h. Price/earnings \$86.58** \$46.54** ratio: \$4.81** =18.00 \$3.58** = 13.00 __________  *\$108,000 × .03 = \$3,240 **Not in thousands Req. 2 Decisions:   a. Improved                      b. Increased

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