Problem 11.04B – Virtual Gaming Systems
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition
Given an income statement, balance sheet, and additional information, prepare a statement of cash flow
Given an income statement, balance sheet, and additional information, prepare a statement of cash flow
Given financial data on two different companies… calculate return on assets, cash return on assets, cash flow to sales, and asset turnover.
Given sales, income, cash flows, and assets for two companies… compare return on assets, cash return on assets, cash flow to sales, and asset turnover.
Given select data from an income statement and balance sheet… prepare the operating activities portion of the statement of cash flows using the direct method.
Given partial data from an income statement and balance sheet… prepare the operating activities section of the statement of cash flows using the direct method.
Given an income statement, balance sheet, and other information… prepare a statement of cash flows using the direct method.
Given an income statement, balance sheet, and additional information… prepare a statement of cash flows.
Given an indirect and direct statement of cash flows… fill in the missing areas of the income statement.
Given an income statement… calculate the percentage of each sale along with which company is more profitable.
Given income statements for two segments of a company… calculate the percentage of each to sales while also determining which is more profitable.