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128. Financial ratiosGiven below comparative balance sheets and an income statement

Question : 128. Financial ratiosGiven below comparative balance sheets and an income statement : 1267482

128. Financial ratios
Given below are comparative balance sheets and an income statement for the Excellent Corporation:
  
All sales were made on account. Cash dividends declared during the year totaled $58,550. Compute the following:
   

  

 


 

129. Effects of transactions upon analytical measurements
Determine the immediate effect of each of the transactions described below on the ratio listed beside each transaction. In the blank space to the left of each statement, you are to indicate the effect by writing the appropriate code letter. The code letters are as follows: I = increase the ratio, D = decrease the ratio, and NE = no effect on this ratio.
   

  

 


 

 

 

Solution
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Accounting 3 Years Ago 66 Views
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