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Three companies had the following ratios: Tango Company Uniform Company Victor Company Current ratio 1.84 1.64 1.98 Debt to assets ratio 36.1% 28.4% 30.1% Return on assets 10.2% 9.8% 8.3% Based on this information which company would likely be a better candidate for a potential investor?

A higher times interest earned ratio means that a company

The Eins Corporation had a current ratio of 0.87 and then purchased inventory on account.  As a result, its current ratio would

At the beginning of January, the Morrow Company began when owner’s invested $60,000 to start the company. During January the company had the following transactions: On January 1, purchased equipment for $3,620 which is expected to be useful for four years at which time it can be sold for $500. On January 20, sold services of $3,000 to customers on account. On January 31, paid employee salaries of $2,500 What are the company’s total assets at the end of January?

At the end of the year the Kirsh Company reported the following information: Cash $4,000 Cost of goods sold $62,000 Payroll expense 12,000 Prepaid expenses 3,000 Revenue 90,000 Accounts receivable 1,000 Inventory 4,000 Accounts payable 2,000 Depreciation expense 500 Unearned revenue 800  What is the company’s net income?

At the end of the year the Kirsh Company reported the following information: Cash $4,000 Cost of goods sold $68,000 Payroll expense 12,000 Prepaid expenses 3,000 Revenue 90,000 Accounts receivable 1,000 Inventory 4,000 Accounts payable 2,000 Depreciation expense 500 Unearned revenue 800  What is the company’s net income?

A customer placed an order with the Rashidi Company on May 5th, the order was processed on May 6th and was shipped on May 7th. The customer received the order on May 9th and paid on May 11th. Using the accrual basis of accounting, when should the company record the revenue related to this order?

The Sylvia Corporation is considering investing in some clock making equipment that would cost $156,000, have a salvage value of $15,000 and estimates that it would increase cash flows during its four year useful life as follows: Year 1 $24,000 Year 2 49,000 Year 3 63,000 Year 4 52,000 Using an interest rate of four percent, what is the net present value of the investment? As needed, use time value of money factors with at least four decimal places and then round your final answer to the nearest whole dollar.

Which of the following statements is true? To calculate a future value you only need an interest rate and the present value. [response1] The only way to find a time value of money factor is by using a financial calculator. [response2] An annuity is a series of unequal payments. [response3] Interest only relates to loans. [response4]

The Yutani Company developed the standards for the manufacture of its product such that each unit should be produced with 2 pounds of direct materials at a cost of $6 per pound as well as should be produced in 2.5 hours at a direct labor cost of $12 per hour. Actual production was 3,200 units and required 16,000 pounds of direct materials at a total cost of $102,000 as well as 18,000 direct labor hours at a total cost of $189,000. For a manufacturing variance, what was the total budget variance for direct materials? Use a positive number to indicate a favorable variance or a negative number to indicate an unfavorable variance.