Problem 12.02B – Galaxy Tennis
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Given income statements for two years…, determine the amount and percentage of increase or decrease.
Given income statements for two years…, determine the amount and percentage of increase or decrease.
Given balance sheets… calculate the percentage amount of each asset and liability. Then given the same data… determine the increase or decrease amount and percentage.
Given balance sheets for two years… determine the percentage of assets and liabilities to total assets and liabilities. In part two they ask you to calculate the amount and percentage change in the accounts.
Given the income statement and balance sheet… calculate the risk ratios. The second problem asks to use the same sheets along with additional information to calculate profitability ratios.
Given an income statement and a balance sheet for 12.04B…calculate risk ratios and for 12.05B calculate profitability ratios.
Given an income statement and balance sheet… compare risk and profitability ratios for two years.
Given an income statement and balance sheet… complete a chart of risk and profitability ratios for two years.