Blog

Where can all SEC filings be accessed in real time?

Using the financial statements below, calculate the company’s return on common shareholder’s equity. Enter your answer as a percentage and round to two decimal places. If your answer is negative, include a minus side before your answer.   20X2 20X1 Cash 16,335.00 25,153.00 Accounts receivable (net) 43,748.00 57,068.00 Inventory 17,597.00 3,851.00 Plant assets (net) 40,000.00 21,500.00 Total assets 117,680.00 107,572.00 Accounts payable 16,508.00 44,759.00 Deferred revenues 53,074.00 14,040.00 Long-term note payable 8,098.00 16,773.00 Common stock ($2 par) 3,000.00 2,000.00 Additional paid in capital 37,000.00 30,000.00 Total liabilities and stockholders’ equity 117,680.00 107,572.00 Revenues 22,154.00 33,226.00 Cost of goods sold 15,508.00 23,258.00 Gross profit 6,646.00 9,968.00 Operating expenses 5,317.00 7,177.00 Income from operations 1,329.00 2,791.00 Other revenues (expenses), net (includes taxes) -1,500.00 -500.00 Net income -171.00 2,291.00 Answer: %

Using the financial statements below, calculate the company’s accounts receivable turnover. Enter your answer as a number rounded to two decimal places (Turnovers are not reported as percentages. Do not convert your answer to a percentage). If your answer is negative, include a minus side before your answer.   20X2 20X1 Cash 16,335.00 25,153.00 Accounts receivable (net) 43,748.00 57,068.00 Inventory 17,597.00 3,851.00 Plant assets (net) 40,000.00 21,500.00 Total assets 117,680.00 107,572.00 Accounts payable 16,508.00 44,759.00 Deferred revenues 53,074.00 14,040.00 Long-term note payable 8,098.00 16,773.00 Common stock ($2 par) 3,000.00 2,000.00 Additional paid in capital 37,000.00 30,000.00 Total liabilities and stockholders’ equity 117,680.00 107,572.00 Revenues 22,154.00 33,226.00 Cost of goods sold 15,508.00 23,258.00 Gross profit 6,646.00 9,968.00 Operating expenses 5,317.00 7,177.00 Income from operations 1,329.00 2,791.00 Other revenues (expenses), net (includes taxes) -1,500.00 -500.00 Net income -171.00 2,291.00 Answer:

Bias in financial statements refers to:

Internal auditors mainly:

When performing a common-size analysis (vertical analysis), what line item should be used as the denominator for every item on the income statement?

As the nationwide customer experience manager, you are curious to know with the full dataset if there is a relationship (association) between store district and overall satisfaction. Answer the following two questions as you select different cell information and interpret the results.   What is the West Region’s overall average satisfaction? 

Is there a statistically significant association between loyalty and bucketed satisfaction with cleanliness? Determine yes or no and what is the p value? 

Excel Use the In-class Amusement Park Excel sheet to answer the following questions:  If you don’t have it already downloaded: Amusement Park Data – Students.xlsx

Create a pivot table to answer the following broad question: How do average wait times vary by area the park where respondents spend most of their time? Rename the worksheet showing the resulting pivot table something like “wait time x area of park”.  Based on the data, what is the average wait time (in minutes) of respondents who spent most of their time in the Kid’s Kingdom?