The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $30,000 Accounts receivable (net) 20,000 Inventory 15,000 Property, plant, and equipment 185,000 Total Assets $250,000 Liabilities and Stockholders’ Equity Current liabilities $45,000 Long-term liabilities 70,000 Common stock 80,000 Retained earnings 55,000 Total liabilities and stockholders’ equity $250,000 Income Statement Sales $85,000 Cost of goods sold 45,000 Gross margin $40,000 Operating expenses (15,000) Interest expense (5,000) Net income $20,000 Number of shares of common stock outstanding 6,000 Market price of common stock $20 Total dividends paid $9,000 Cash provided by operations $30,000 What is the return on total assets for Diane Company?
Blog
Jase Manufacturing Co.’s static budget at 7,800 units of pro…
Jase Manufacturing Co.’s static budget at 7,800 units of production includes $23,400 for direct labor and $2,340 for electric power. Total fixed costs are $42,700. At 10,200 units of production, a flexible budget would show
Balance sheet and income statement data indicate the followi…
Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) $884,000 Preferred 5% stock, $100 par (no change during year) 203,900 Common stock, $50 par (no change during year) 1,694,400 Income before income tax for year 361,564 Income tax for year 71,952 Common dividends paid 84,720 Preferred dividends paid 10,195 Interest expense 88,400 Based on the data presented, what is the times interest earned ratio? Round your answer to two decimal places.
The signs that a manager is subject to motivated reasoning i…
The signs that a manager is subject to motivated reasoning include all of the following except
Which precaution or precautions would the nurse take when su…
Which precaution or precautions would the nurse take when suctioning a tracheostomy? (Select all that apply).
Standard costs are used in companies for a variety of reason…
Standard costs are used in companies for a variety of reasons. Which of the following is not one of the benefits for using standard costs?
Waterfield Company has three decentralized segments. Executi…
Waterfield Company has three decentralized segments. Executive managers are looking for a way to measure the performance of each segment. Which of the following metrics might be used for this purpose?
Department M had 2,400 units 59% completed in process at the…
Department M had 2,400 units 59% completed in process at the beginning of June, 12,600 units completed during June, and 1,600 units 34% completed at the end of June. The number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories is
Which of the following represents the factory overhead appli…
Which of the following represents the factory overhead applied to a product?
A strategy map plays an important role for a company using t…
A strategy map plays an important role for a company using the balanced scorecard approach to its performance measurement system. Which of the following is not a function of the strategy map?