ACC 400 FINAL EXAM

$21.00

Description

The condensed financial statements of Westward Corporation for 2009 and 2008 are presented below.

Westward Corporation Westward Corporation
Balance Sheet Income Statement
December 31, 2009 For the Year Ended December 31, 2009

Assets Revenues $2,000,000
Current assets Expenses
Cash and temporary Cost of goods sold 1,080,000
investments $ 30,000
Selling and administrative
Accounts receivable 70,000
Expenses 495,000
Inventories 120,000
Interest expense 30,000
Total current assets 220,000
Total expenses 1,605,000
Property, plant, and Income
before income taxes 395,000
equipment (net) 780,000
Income tax expense 140,000
Total assets $1,000,000
Net income $ 255,000

Liabilities and Stockholders’ Equity
Current liabilities $ 80,000
Long-term liabilities 300,000
Common stockholders’ equity 620,000
Total liabilities and stockholders’ equity $1,000,000

Westward Corporation Westward Corporation
Balance Sheet Income Statement
December 31, 2008 For the Year Ended December 31, 2008

Assets Revenues $2,500,000
Current assets Expenses
Cash and temporary Cost of goods sold 1,750,000
investments $ 40,000
Selling and administrative
Accounts receivable 90,000
Expenses 500,000
Inventories 150,000
Interest expense 30,000
Total current assets 280,000
Total expenses 2,280,000
Property, plant, and Income before income taxes 220,000
equipment (net) 800,000
Income tax expense 77,000
Total assets $1,080,000
Net income $ 143,000

Liabilities and Stockholders’ Equity
Current liabilities $ 140,000
Long-term liabilities 320,000
Common stockholders’ equity 620,000
Total liabilities and
stockholders’ equity $1,080,000

Select data from fiscal year 2007:

Inventory: $100,000
Total assets: $900,000
Stockholders’ Equity: $540,000

Instructions

1. Compute the following listed ratios for 2009 and 2008 showing supporting calculations. (5.2 points)
a. Current ratio
b. Debt to total Assets
c. Times interest earned
d. Inventory turnover
e. Profit margin ratio
f. Return on common stockholders’ equity
g. Return on assets

2. Perform horizontal and vertical analysis on Westward’s financial statements, show your results. (3.0 points)

3. Assess the financial performance of Westward, given the analysis tools used in questions 1 and 2 above. (5.3 points)

4. If the company wanted to perform industry comparison analysis, what references would you recommend it use? (1.5 points)

Reviews

There are no reviews yet.

Be the first to review “ACC 400 FINAL EXAM”

Your email address will not be published. Required fields are marked *

ACC 400 FINAL EXAM

$20.00

Description

ACC 400 FINAL EXAM
The condensed financial statements of Westward Corporation for 2009 and 2008 are presented below.

Westward Corporation Westward Corporation
Balance Sheet Income Statement
December 31, 2009 For the Year Ended December 31, 2009

Assets Revenues $2,000,000
Current assets Expenses
Cash and temporary Cost of goods sold 1,080,000
investments $ 30,000
Selling and administrative
Accounts receivable 70,000
Expenses 495,000
Inventories 120,000
Interest expense 30,000
Total current assets 220,000
Total expenses 1,605,000
Property, plant, and Income
before income taxes 395,000
equipment (net) 780,000
Income tax expense 140,000
Total assets $1,000,000
Net income $ 255,000

Liabilities and Stockholders’ Equity
Current liabilities $ 80,000
Long-term liabilities 300,000
Common stockholders’ equity 620,000
Total liabilities and stockholders’ equity $1,000,000

Westward Corporation Westward Corporation
Balance Sheet Income Statement
December 31, 2008 For the Year Ended December 31, 2008

Assets Revenues $2,500,000
Current assets Expenses
Cash and temporary Cost of goods sold 1,750,000
investments $ 40,000
Selling and administrative
Accounts receivable 90,000
Expenses 500,000
Inventories 150,000
Interest expense 30,000
Total current assets 280,000
Total expenses 2,280,000
Property, plant, and Income before income taxes 220,000
equipment (net) 800,000
Income tax expense 77,000
Total assets $1,080,000
Net income $ 143,000

Liabilities and Stockholders’ Equity
Current liabilities $ 140,000
Long-term liabilities 320,000
Common stockholders’ equity 620,000
Total liabilities and
stockholders’ equity $1,080,000

Select data from fiscal year 2007:

Inventory: $100,000
Total assets: $900,000
Stockholders’ Equity: $540,000

Instructions

1. Compute the following listed ratios for 2009 and 2008 showing supporting calculations. (5.2 points)
a. Current ratio
b. Debt to total Assets
c. Times interest earned
d. Inventory turnover
e. Profit margin ratio
f. Return on common stockholders’ equity
g. Return on assets

2. Perform horizontal and vertical analysis on Westward’s financial statements, show your results. (3.0 points)

3. Assess the financial performance of Westward, given the analysis tools used in questions 1 and 2 above. (5.3 points)

4. If the company wanted to perform industry comparison analysis, what references would you recommend it use? (1.5 points)

Reviews

There are no reviews yet.

Be the first to review “ACC 400 FINAL EXAM”

Your email address will not be published. Required fields are marked *

ACC 400 FINAL EXAM

$21.00

Description

The condensed financial statements of Westward Corporation for 2009 and 2008 are presented below.

Westward Corporation Westward Corporation
Balance Sheet Income Statement
December 31, 2009 For the Year Ended December 31, 2009

Assets Revenues $2,000,000
Current assets Expenses
Cash and temporary Cost of goods sold 1,080,000
investments $ 30,000
Selling and administrative
Accounts receivable 70,000
Expenses 495,000
Inventories 120,000
Interest expense 30,000
Total current assets 220,000
Total expenses 1,605,000
Property, plant, and Income
before income taxes 395,000
equipment (net) 780,000
Income tax expense 140,000
Total assets $1,000,000
Net income $ 255,000

Liabilities and Stockholders’ Equity
Current liabilities $ 80,000
Long-term liabilities 300,000
Common stockholders’ equity 620,000
Total liabilities and stockholders’ equity $1,000,000

Westward Corporation Westward Corporation
Balance Sheet Income Statement
December 31, 2008 For the Year Ended December 31, 2008

Assets Revenues $2,500,000
Current assets Expenses
Cash and temporary Cost of goods sold 1,750,000
investments $ 40,000
Selling and administrative
Accounts receivable 90,000
Expenses 500,000
Inventories 150,000
Interest expense 30,000
Total current assets 280,000
Total expenses 2,280,000
Property, plant, and Income before income taxes 220,000
equipment (net) 800,000
Income tax expense 77,000
Total assets $1,080,000
Net income $ 143,000

Liabilities and Stockholders’ Equity
Current liabilities $ 140,000
Long-term liabilities 320,000
Common stockholders’ equity 620,000
Total liabilities and
stockholders’ equity $1,080,000

Select data from fiscal year 2007:

Inventory: $100,000
Total assets: $900,000
Stockholders’ Equity: $540,000

Instructions

1. Compute the following listed ratios for 2009 and 2008 showing supporting calculations. (5.2 points)
a. Current ratio
b. Debt to total Assets
c. Times interest earned
d. Inventory turnover
e. Profit margin ratio
f. Return on common stockholders’ equity
g. Return on assets

2. Perform horizontal and vertical analysis on Westward’s financial statements, show your results. (3.0 points)

3. Assess the financial performance of Westward, given the analysis tools used in questions 1 and 2 above. (5.3 points)

4. If the company wanted to perform industry comparison analysis, what references would you recommend it use? (1.5 points)

Reviews

There are no reviews yet.

Be the first to review “ACC 400 FINAL EXAM”

Your email address will not be published. Required fields are marked *

ACC 400 FINAL EXAM

$21.00

Description

ACC 400 FINAL EXAMThe condensed financial statements of Westward Corporation for 2009 and 2008 are presented below.
Westward Corporation Westward CorporationBalance Sheet Income StatementDecember 31, 2009 For the Year Ended December 31, 2009
Assets Revenues $2,000,000Current assets ExpensesCash and temporary Cost of goods sold 1,080,000investments $ 30,000Selling and administrativeAccounts receivable 70,000Expenses 495,000Inventories 120,000Interest expense 30,000Total current assets 220,000Total expenses 1,605,000Property, plant, and Incomebefore income taxes 395,000equipment (net) 780,000Income tax expense 140,000Total assets $1,000,000Net income $ 255,000
Liabilities and Stockholders’ EquityCurrent liabilities $ 80,000Long-term liabilities 300,000Common stockholders’ equity 620,000Total liabilities and stockholders’ equity $1,000,000
Westward Corporation Westward CorporationBalance Sheet Income StatementDecember 31, 2008 For the Year Ended December 31, 2008
Assets Revenues $2,500,000Current assets ExpensesCash and temporary Cost of goods sold 1,750,000investments $ 40,000Selling and administrativeAccounts receivable 90,000Expenses 500,000Inventories 150,000Interest expense 30,000Total current assets 280,000Total expenses 2,280,000Property, plant, and Income before income taxes 220,000equipment (net) 800,000Income tax expense 77,000Total assets $1,080,000Net income $ 143,000
Liabilities and Stockholders’ EquityCurrent liabilities $ 140,000Long-term liabilities 320,000Common stockholders’ equity 620,000Total liabilities andstockholders’ equity $1,080,000
Select data from fiscal year 2007:
Inventory: $100,000Total assets: $900,000Stockholders’ Equity: $540,000
Instructions
1. Compute the following listed ratios for 2009 and 2008 showing supporting calculations. (5.2 points)a. Current ratiob. Debt to total Assetsc. Times interest earnedd. Inventory turnovere. Profit margin ratiof. Return on common stockholders’ equityg. Return on assets
2. Perform horizontal and vertical analysis on Westward’s financial statements, show your results. (3.0 points)
3. Assess the financial performance of Westward, given the analysis tools used in questions 1 and 2 above. (5.3 points)
4. If the company wanted to perform industry comparison analysis, what references would you recommend it use? (1.5 points)

Reviews

There are no reviews yet.

Be the first to review “ACC 400 FINAL EXAM”

Your email address will not be published. Required fields are marked *

ACC 400 FINAL EXAM

$32.00

Description

ACC 400 FINAL EXAM
The condensed financial statements of Westward Corporation for 2009 and 2008 are presented below.

Westward Corporation Westward Corporation
Balance Sheet Income Statement
December 31, 2009 For the Year Ended December 31, 2009

Assets Revenues $2,000,000
Current assets Expenses
Cash and temporary Cost of goods sold 1,080,000
investments $ 30,000
Selling and administrative
Accounts receivable 70,000
Expenses 495,000
Inventories 120,000
Interest expense 30,000
Total current assets 220,000
Total expenses 1,605,000
Property, plant, and Income
before income taxes 395,000
equipment (net) 780,000
Income tax expense 140,000
Total assets $1,000,000
Net income $ 255,000

Liabilities and Stockholders’ Equity
Current liabilities $ 80,000
Long-term liabilities 300,000
Common stockholders’ equity 620,000
Total liabilities and stockholders’ equity $1,000,000

Westward Corporation Westward Corporation
Balance Sheet Income Statement
December 31, 2008 For the Year Ended December 31, 2008

Assets Revenues $2,500,000
Current assets Expenses
Cash and temporary Cost of goods sold 1,750,000
investments $ 40,000
Selling and administrative
Accounts receivable 90,000
Expenses 500,000
Inventories 150,000
Interest expense 30,000
Total current assets 280,000
Total expenses 2,280,000
Property, plant, and Income before income taxes 220,000
equipment (net) 800,000
Income tax expense 77,000
Total assets $1,080,000
Net income $ 143,000

Liabilities and Stockholders’ Equity
Current liabilities $ 140,000
Long-term liabilities 320,000
Common stockholders’ equity 620,000
Total liabilities and
stockholders’ equity $1,080,000

Select data from fiscal year 2007:

Inventory: $100,000
Total assets: $900,000
Stockholders’ Equity: $540,000

Instructions

1. Compute the following listed ratios for 2009 and 2008 showing supporting calculations. (5.2 points)
a. Current ratio
b. Debt to total Assets
c. Times interest earned
d. Inventory turnover
e. Profit margin ratio
f. Return on common stockholders’ equity
g. Return on assets

2. Perform horizontal and vertical analysis on Westward’s financial statements, show your results. (3.0 points)

3. Assess the financial performance of Westward, given the analysis tools used in questions 1 and 2 above. (5.3 points)

4. If the company wanted to perform industry comparison analysis, what references would you recommend it use? (1.5 points)

Reviews

There are no reviews yet.

Be the first to review “ACC 400 FINAL EXAM”

Your email address will not be published. Required fields are marked *