The following information applies to Acorn Construction Company (ACC):
Information on the number of shares outstanding is provided below:
Required:Compute the following ratios for ACC for Year 2 and Year 1:(a) Number of times interest is earned(b) Earnings per share(c) Price-earnings ratio (Market prices: Year 2 $17.50 per share, Year 1 $15.00 per share)(d) Return on equity(e) Net margin
What will be an ideal response?
a) 5.2 and 5.6
b) $1.06 and $0.74
c) 16.51 and 20.27
d) 7.3% and 7.2%
e) 6.7% and 8.7%
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Davis Corp has three employees. Each earns $600 per week for a five day work week ending on Friday. This month the last day of the month falls on a Wednesday. The company should make which of the following adjusting entries?
a. Credit Wage Expense for $360 and debit Wages Payable for $360 b. Debit Wage Expense for $1,080 and credit Wages Payable for $1,080 c. Credit Wage Expense for $1,080 and debit Wages Payable for $1,080 d. Debit Wage Expense for $360 and credit Wages Payable for $360
Because relationship negotiations are never over,
A. it is often impossible to anticipate the future and negotiate everything "up front." B. parties generally tackle negotiations over tough issues first in order to "get off on the right foot." C. issues on which parties truly disagree will go away with the conclusion of the negotiation. D. parties should never make concessions on substantive issues.
Which internal influence on consumer behavior most likely explains why so many ads contain puppies, kittens, and small children that have nothing to do with the product? Explain your answer
What will be an ideal response?
The cost-volume profit graph depicts the relationships among cost, volume, and profits, by plotting the total revenue line and the total cost line on the graph
Indicate whether the statement is true or false