ACCT 557 Week 7 Homework Assignment
Problem 1: Plastics Inc. is a company that operates in four different divisions. The following information relating to each segment is available for 2013………..Sales of segments Containers and Dollhouses included intersegment sales of $30,000 and $150,000, respectively Required: Determine which of the segments are reportable based on the following:…..Revenue Test……Operating profit (loss) test….Identifiable assets test
Problem 2: The following information pertains to Walrus Inc.
Cash $60,000
Accounts receivable 170,000
Inventory 100,000
Plant assets (net) 582,000
Total assets $912,000………………………………….
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STATUS
- Required:
Compute the following: (ignore Avg for balance sheet accounts)
(a) Current ratio
(b) Inventory turnover
(c) Receivables turnover
(d) Book value per share
(e) Earnings per share
(f) Debt to total assets
(g) Profit margin on sales
(h) Return on common stock equity
