managerial accounting 16th ed textbook solutions manual chapter 15
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managerial accounting 16th ed textbook solutions manual chapter 15
Chapter 15Financial statement AnalysisSolutions to Questions15-1 Horizontal analysis examines how a particular item on a financial statement such as s managerial accounting 16th ed textbook solutions manual chapter 15 sales or cost of goods sold behaves over time. Vertical analysis involves analysis of items on an income statệment or balance sheet for a single period. In vertical analysis of fne income statement, all Items are typically stated as a percentage of sales. In vertical analysis of the balance sheet, a managerial accounting 16th ed textbook solutions manual chapter 15 ll items are typically stated as a percentage of total assets.15-2 Bv looking at trends, an analyst hopes to get some idea of whether a situation is imanagerial accounting 16th ed textbook solutions manual chapter 15
mproving, remaining the same, or deteriorating Such analyses can provide insight into what is likely to happen in the future. Rather than looking at tChapter 15Financial statement AnalysisSolutions to Questions15-1 Horizontal analysis examines how a particular item on a financial statement such as s managerial accounting 16th ed textbook solutions manual chapter 15 inyestors' expectations concerning future earnings. The higher the price-earnings ratio, thệ greater the growth in earnings investors expect. For this reason, two companies might haye the same current earnings and yet have quite different price-earnings ratios. By definition a stock with current ea managerial accounting 16th ed textbook solutions manual chapter 15 rnings of $4 and a priceearnings ratio of 20 would be selling for $80 per share.© The McGraw-Hill Companies, Inc.,Solutions Mani”115-4 A rapidly growimanagerial accounting 16th ed textbook solutions manual chapter 15
ng tech company woulcTprobaDly have many opportunities to make investments at a rate of return higher than stockholders could earn in other investmentChapter 15Financial statement AnalysisSolutions to Questions15-1 Horizontal analysis examines how a particular item on a financial statement such as s managerial accounting 16th ed textbook solutions manual chapter 15 vidend payout ratio.15;5The dividend yield is the dividend per share divided by the market price per share.. The other-source, of return on an investment in stock is increases in market value.15-6 Financial leverage results from borrowing funds at an interest rate that differs from the rate of retur managerial accounting 16th ed textbook solutions manual chapter 15 n on assets acquired using those funds. If the rate of return on the assets is. higher than the interest rate at which the funds were borrowed, financmanagerial accounting 16th ed textbook solutions manual chapter 15
ial leverage is positive and stockholders gain. If the return on the assets is lower than the interest rate, financial leverage is negative and the stChapter 15Financial statement AnalysisSolutions to Questions15-1 Horizontal analysis examines how a particular item on a financial statement such as s managerial accounting 16th ed textbook solutions manual chapter 15 no debt. In hard times, interest payments might be very difficult to meet.On the other hand, if investments within the company2018. All rights reserved.1StuDocu.comThis document It available free of charge onDownloaded by Pham Quang Huy (etxx>K4you ortine@gmaii com)can earn a rate of return that, ex managerial accounting 16th ed textbook solutions manual chapter 15 ceeds the interest rate on debt, stockholders would get the benefits of positive lệverage if the company took on debt.15-8 The market value of a sharemanagerial accounting 16th ed textbook solutions manual chapter 15
of common stock often exceeds the book value per share. Book value represents the cumulative effects ộn the balance sheet of past activities, evaluatChapter 15Financial statement AnalysisSolutions to Questions15-1 Horizontal analysis examines how a particular item on a financial statement such as s managerial accounting 16th ed textbook solutions manual chapter 15 , market value exceeds book value'because investors anticipate future earnings growth.15-9 A 2 to 1 current ratio might not be adequate for several reasons. First, the composition of the current assets may be heavily weighted toward slow-turning and diffigult-to-liquidate inventory, or the inventory managerial accounting 16th ed textbook solutions manual chapter 15 may contain large amounts of obsolete goods. Second, the. receiỵablếs may be low quậlity, including large amounts of accounts that may be difficult tmanagerial accounting 16th ed textbook solutions manual chapter 15
o collect.© The McGraw-Hill Companies, Inc., 20122Managerial Accounting, 14th EditionDownloaded by Pham Quang Huy (etxx*4you ortine@grr«ii com)The FouChapter 15Financial statement AnalysisSolutions to Questions15-1 Horizontal analysis examines how a particular item on a financial statement such as s managerial accounting 16th ed textbook solutions manual chapter 15 r of common shares outstanding92400..... - „■■■—.----------T- $0.77 per share120,000 shares** $120,000 4- $1 par value per share 120,000 shares2The price-earnings ratio is computed as follows:_________.___Market price per share Price-earnings ratio —.—--------Earnings per share $2'75 3.57 (round managerial accounting 16th ed textbook solutions manual chapter 15 ed) $0.77Chapter 15Financial statement AnalysisSolutions to Questions15-1 Horizontal analysis examines how a particular item on a financial statement such as sChapter 15Financial statement AnalysisSolutions to Questions15-1 Horizontal analysis examines how a particular item on a financial statement such as sGọi ngay
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