Exercise 12.03 – Federer Sports Apparel
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Prepare a vertical analysis for two years using a base year.
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Prepare a vertical analysis for two years using a base year.
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Prepare a vertical analysis of the balance sheet data and a horizontal analysis for the second year using the first year as the base year.
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Calculate the four risk ratios. Is the company more or less risky? Explain.
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Calculate the five profitability ratios. Is the company more or less profitable than the industry average?
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Calculate the risk ratios, receivable turnover ratio, inventory turnover ratio, current ratio, acid-test ratio, and debt to equity ratio.
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Calculate the profitability and determine if one can have a higher return on assets
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Calculate profitability ratios and determine the amount of dividends paid.
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Prepare the multiple-step income statement for LeBron’s Bookstores
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Prepare the income statement for Shaquille Corporation.
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Compare installment notes and loans. Determine whether Paradise Partners should purchase the equipment with an installment note or lease it, based on the financial implications and the equipment’s value at the end of the 24-month period. Compare the effects on the company’s reported debt and make a decision.
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