Appendix G

Check Figures for Assignment Materials

Chapter 1 (NCF=No check figures)
S1-1
S1-2
S1-3
S1-4
S1-5
S1-6
S1-7
S1-8
S1-9
S1-10
S1-11
S1-12
S1-13
S1-14
S1-15
E1-16A
E1-17A
E1-18A
E1-19A
E1-20A
E1-21A
E1-22A
E1-23A
E1-24A
E1-25A
E1-26A
E1-27A
E1-28B

E1-29B

a. $340,000 b. $180,000
c. $110,000
NCF
NCF
NCF
NCF
NCF
NCF
NCF
NCF
Revenues $94 mil.; Expenses
$23 mil.; Net Income $71 mil.
RE bal., end $297 mil.
Total assets $141,000
RE $31,200
Net cash-oper. $75,000
Cash bal. 12/31/10 $50,000
NCF
NCF
Fresh Produce $26 bil.; Hudson
Bank $14 bil.; Pet Lovers $11 bil.
Total assets $930 mil.; Total liabilities $460 mil.; SE $470 mil.
1. $(4) mil. 2. $18 mil.
3. $(16) mil.
1. $175,500 2. $118,000
NCF
Total assets $188.9 mil.
RE $21 mil.
1. Net inc. $12.4 mil.
2. Div. $0 mil.
Net cash-oper. $480,000
End. cash bal. $219,000
Net inc. $364,000
RE 7/31/10 $359,200
Total assets $445,700
Net cash-oper. $366,200
Net increase in cash $10,900
NCF
DJ Video Rentals $26 bil.;
Ernies Bank $20 bil.; Hudson
Gifts & Cards $8 bil.
Total assets $850 mil.; Total liabilities $480 mil.; SE $370 mil.

E1-30B

E1-39B

1. $(11) mil. 2. $15 mil.

3. $(51) mil.
1. $162,500 2. $74,000
NCF
Total assets $189.2 mil.
RE $16.9 mil.
1. Net inc. $9 mil.
2. Div. $0.7 mil.
Net cash-oper. $500,000
End. cash bal. $258,000
Net inc. $366,500
RE 7/31/11 $362,400
Total assets $434,500
Net cash-oper. $369,400
Net increase in cash $9,500
NCF

Q1-40
Q1-41
Q1-42
Q1-43
Q1-44
Q1-45
Q1-46
Q1-47

a
c
a
a
b
b
c
b

P1-55A
P1-56A

1. Net inc. $23,400

1. Sapphire: Beg. RE $34 mil.
End. Assets $84 mil.
Lance: End. RE $18 mil.
Rev. $162 mil.
Branch: Beg. Assets $7 mil.
End. liab. $3 mil.
Exp. $15 mil.
1. Total assets $141,100
SE $80,600
1. Total assets $257,000
RE $93,000
1. Net inc. $87,900
2. RE, end. $166,900
3. Total assets $208,400
1. Net cash-oper. $5,400 mil.
(Thousands)
b. $1,189 d. $3,729 j. $1,330
m. $1,027 p. $4,658 s. $14,398
x. $700 z. $1,240

E1-31B
E1-32B
E1-33B
E1-34B
E1-35B
E1-36B
E1-37B
E1-38B

P1-57A
P1-58A
P1-59A

P1-60A
P1-61A

Q1-48
Q1-49
Q1-50
Q1-51
Q1-52
Q1-53
Q1-54

a
c
c
d
b
d
a

P1-62B
P1-63B

P1-64B
P1-65B
P1-66B

P1-67B

P1-68B

1. Net inc. $40,000

Diamond: End. assets $83 mil.
Net inc. $8 mil.
Lally: Begin. assets $25 mil.
Expenses $159 mil.
Bryant: Begin. liab. $5 mil.
Rev. $26 mil.; Div. $(3) mil.
1. Total assets $147,300
SE $88,300
1. Total assets $267,000
RE $105,000
1. Net inc. $82,450
2. RE, end. $152,450
3. Total assets $217,000
1. Net cash-oper. $5,420 in mil.
Net increase in cash
$1,700 in mil.
b. $1,189 d. $3,769
h. $13,419 j. $1,265
m. $975
p. $4,660
w. $14,370 z. $1,175
r. $11,095 v. $5,120

DC1
DC2

NCF
1. Net inc. $10,000; Total assets
$96,000

FOF

3. Total resources $8,314 mil.

Stockholders owned
$2,672 mil.
1. Total liab. $977 mil.
SE $2,271 mil.

FOA

Chapter 2 (NCF=No check figures)

S2-1
S2-2
S2-3
S2-4
S2-5
S2-6
S2-7
S2-8
S2-9

NCF
a. $14,800 b. $1,800
Cash bal. $30,000
NCF
NCF
NCF
2. A/P bal. $1,500
2. Balances: Cash $2,400;
A/R $2,800; Service Rev. $5,200
T/B total $46 mil.
Net inc. $10 mil.

904

Appendix G

S2-10

1. $100,500 2. $53,000
3. $31,500
NCF
NCF
3. Total dr. = Total cr. = $240,000

Q2-50
Q2-51
Q2-52
Q2-53
Q2-54

d
d
b
a
b

Total assets $305,000

NCF
2. a. $80,600 c. $32,900
d. $47,700
NCF
NCF
3. Total assets $21,100
Total SE $21,000
NCF
1. T/B total $71,300
2. Net inc. $11,400
T/B total $93,600
Cash bal. $5,800; A/P bal. $400
1. T/B total $29,100
2. Net inc. $5,100
Total assets $301,000
NCF
2. a. $66,700 c. $17,000
d. $49,700
NCF
NCF
3. Total assets $20,700
Total SE $20,000
NCF
1. T/B total $70,400
2. Net inc. $12,800
T/B total $94,300
Cash bal. $5,200; A/P bal. $400
1. T/B total $28,800
2. Net inc. $4,900
3. T/B total $18,300
a. $88,000 b. $49,000
c. $16,000
1. T/B out of bal. $200
2. a. $45,000 c. $4,800
Nashua Co: September Med.
Exp. $46,000; September 30
Cash $57,000; A/P $46,000
Ditka Hospital: September
Service Rev. $46,000;
September 30 Cash $0;
A/R $46,000

P2-60A
P2-61A

NCF
2. Net inc. $7,500
3. RE 5/31/10 $8,400
4. Total assets $25,700
3. Cash bal. $9,650
A/P bal. $3,700
2. Total assets $61,300
3. Cash bal. $36,000
Total owed $51,100
3. T/B total $43,100
4. Total resources $37,340
Net inc. $1,140
3. T/B total $122,300
NCF
2. Net inc. $7,500
3. RE 5/31/10 $8,000
4. Total assets $24,300
3. Cash bal. $8,050
A/P bal. $3,700
2. Total assets $64,050
3. Cash bal. $41,600
Total owed $52,400
3. T/B total $37,300
4. Total resources $31,820
Net inc. $1,320
3. T/B total $125,300

S2-11
S2-12
S2-13
E2-14A
E2-15A
E2-16A
E2-17A
E2-18A
E2-19A
E2-20A
E2-21A
E2-22A
E2-23A
E2-24A
E2-25B
E2-26B
E2-27B
E2-28B
E2-29B
E2-30B
E2-31B
E2-32B
E2-33B
E2-34B
E2-35B
E2-36
E2-37
E2-38
E2-39

Q2-40
Q2-41
Q2-42
Q2-43
Q2-44

d
d
d
d
c

Q2-45
Q2-46
Q2-47
Q2-48
Q2-49

a
d
d
c
a

P2-62A
P2-63A
P2-64A
P2-65A

P2-66A
P2-67B
P2-68B

P2-69B
P2-70B
P2-71B
P2-72B

P2-73B
DC1
DC2

FOF

FOA

Q2-55
Q2-56
Q2-57
Q2-58
Q2-59

c
d
a
a
c

3. T/B total $22,900

4. Net inc. $4,400
Net inc. $9,000
Total assets $27,000
3. Cash bal. $2,769 mil.; Accts.
and Notes Rec. bal. $827 mil.;
Invy. bal. $1,399 mil.
5. Net inc. $645 mil.
2. Net sales decreased 5.4%

Chapter 3 (NCF=No check figures)

S3-1
S3-2

S3-3
S3-4
S3-5

Net inc. $390 mil.

End. cash $385 mil.
Inc. State.: Interest Exp. $1.8 mil.
Bal. Sheet: Notes Pay. $4.2 mil.
and Interest Pay. $0.1 mil.
NCF
NCF
NCF

S3-6
S3-7
S3-8
S3-9
S3-10
S3-11
S3-12
S3-13

S3-14
S3-15

S3-16
S3-17
S3-18

E3-19A
E3-20A
E3-21A
E3-22A
E3-23A

E3-24A
E3-25A
E3-26A

E3-27A

E3-28A

E3-29A

E3-30A
E3-31A
E3-32A

E3-33A
E3-34B

a. The Matching Principle

c. The Revenue Principle
a. Prepaid Rent bal. $4,000
b. Supplies bal. $700
3. Book value $60,000
Inc. State.: Salary Exp. $41.1 mil.
Bal. Sheet: Salary Pay. $2.8 mil.
3. Debit Interest Pay. $1,500
3. Credit Interest Rec. $1,500
b. Debit Unearned Sub.
Rev. $50,000
Prepaid Rent:
a. $24,000 b. $16,000
Rent Exp.: c. $0 d. $8,000
NCF
(Thousands)
Net inc. $11,200;
RE 3/31/10 $13,200
RE bal. 3/31/10 $13,200
1. 1.35 2. 0.62
1. a. 1.50 b. 0.58
2. a. 1.42 b. 0.59
NCF
a. $130,000 b. $100,000
NCF
2. Net inc. overstated
by $17,900
Journal entry 1. Debit
Supplies $1,300 2. Credit
Supplies $1,000
f. Book value $80,000
Unearned Service Rev. bal. $700
Service Rev. bal. $5,800
Net inc. $3,300; RE 12/31/10
$6,500
Total assets $21,600
Sales rev. $20,200 mil;
Insurance exp. $390 mil.;
Other oper. exp. $4,220 mil.
Mother Megans I/S: Service
rev. $3,000
B/S: Unearned service rev. $3,000
2. I/S: Service rev. 405 mil.
B/S: Unearned service rev.
110 mil.
Net inc. $700
NCF
1. Total assets $56,000; Total
SE $33,600
2. Current ratio 1.65; Debt
ratio 0.40
Current ratio: a. 1.67 b. 0.95
Debt ratio: a. 0.56 b. 0.39
NCF

905

Appendix G
E3-35B
E3-36B
E3-37B
E3-38B

E3-39B
E3-40B
E3-41B

E3-42B

E3-43B

E3-44B

E3-45B
E3-46B
E3-47B

E3-48B
E3-49

E3-50
E3-51

a. $140,000 b. $40,000
NCF
2. Net inc. overstated by $18,950
Journal entry 1. Debit Supplies
$900
2. Credit Supplies $1,000
f. Book value $128,000
Unearned Service Rev. bal. $700
Service Rev. bal. $5,300
Net inc. $1,700; RE 12/31/10
$5,200
Total assets $21,500
Sales rev. $20,680 mil;
Insurance exp. $440 mil.;
Other oper. exp. $4,260 mil.
Mother Elizabeths I/S: Service
rev. $4,800
B/S: Unearned service rev. $4,800
2. I/S: Service rev. 390 mil.
B/S: Unearned service rev.
105 mil.
Net inc. $2,100
NCF
1. Total assets $58,000; Total SE
$39,500
2. Current ratio 1.67; Debt
ratio 0.32
Current ratio: a. 1.11 b. 0.97
Debt ratio: a. 0.55 b. 0.39
7. Net inc. $3,435; Total
assets $18,335
9. Current ratio 0.92; Debt
ratio 0.51
Current ratio 12/31/10 1.78;
12/31/11 2.11
a. $139,420 b. $199,900
d. $186,420

Q3-52
Q3-53
Q3-54
Q3-55
Q3-56
Q3-57
Q3-58
Q3-59
Q3-60

b
b
d
b
b
a
b
b
b

Q3-61
Q3-62
Q3-63
Q3-64
Q3-65
Q3-66
Q3-67
Q3-68

a
c
d
b
d
c
$7,390
b

P3-69A
P3-70A

1. $36 mil.
2. Cash basis $(100); Accrual
basis $3,400
a. Debit Insurance Exp. $3,200
d. Debt Supplies Exp. $6,900
2. Net inc. $2,440; RE 12/31/10
$62,050; Total assets $80,230

P3-73A

P3-74A

P3-75A
P3-76A

P3-77A

P3-78B
P3-79B
P3-80B
P3-81B
P3-82B

P3-83B

P3-84B
P3-85B

P3-86B

DC1

DC2
DC3

FOF

P3-71A
P3-72A

FOA
GP

2. Total assets $82,710;

Total equity $73,410; Net
inc. $19,710
1. Net inc. $34,200; RE
12/31/10 $18,200;
Total assets $47,400
2. Debt ratio 0.53
2. RE bal. 3/31/10 $50,100
1. Total assets $82,800; Total SE
$55,700 2. Current ratio
1.60; Debt ratio 0.33
1. Current ratio 1.63; Debt
ratio 0.49
2. a. Current ratio 2.25; Debt
ratio 0.38 b. Current ratio
2.25; Debt ratio 0.56
1. $6 mil.
1. May 31 Cash basis $0;
Accrual basis $500
d. Debit Supplies Exp. $6,600
2. Net inc. $1,390; RE 8/31/10
$68,810; Total assets $90,430
2. Total assets $78,380;
Total equity $69,880;
Net inc. $12,780
1. Net inc. $32,600; RE 10/31/10
$11,600; Total assets $45,800
2. Debt ratio 0.57
2. RE bal. 03/31/10 $49,800
1. Total assets $82,400; Total SE
$56,500
2. Current ratio 1.64; Debt
ratio 0.31
1. Current ratio 1.78; Debt
ratio 0.44
2. a. Current ratio 2.56; Debt
ratio 0.35 b. Current ratio
2.59; Debt ratio 0.54
1. T/B out of bal. $2,000
2. T/B total $62,500
3. Current ratio 1.04
Net inc. $9,000; RE 10/31/11
$6,000; Total assets $41,000
1. Your price $240,000
2. Williams price $308,000
5. 2008: Current ratio 1.30;
Debt ratio 0.68
NCF
Net inc. $2,950; Total
assets $3,090

Chapter 4 (NCF=No check figures)

S4-1
S4-2
S4-3
S4-4
S4-5
S4-6
S4-7
S4-8
S4-9
S4-10
S4-11
S4-12
S4-13
S4-14
S4-15

NCF
NCF
NCF
NCF
NCF
NCF
NCF
Adj. bal. $2,880
NCF
NCF
NCF
NCF
NCF
Cash available $5 mil.
NCF

E4-16A
E4-17A
E4-18A
E4-19A
E4-20A
E4-21A
E4-22A
E4-23A
E4-24A
E4-25A
E4-26A
E4-27B
E4-28B
E4-29B
E4-30B
E4-31B
E4-32B
E4-33B
E4-34B
E4-35B
E4-36B
E4-37B
E4-38
E4-39

NCF
NCF
NCF
NCF
Adj. bal $1,239
Adj. bal $1,753
NCF
NCF
NCF
New financing needed $60 mil.
8.17%
NCF
NCF
NCF
NCF
Adj. bal $1,238
Adj. bal $1,726
NCF
NCF
NCF
New financing needed $66 mil.
7.54%
NCF
1. Cash available $2,728 thou.
2. Current ratio 1.87;
Debt ratio .50

Q4-40
Q4-41
Q4-42
Q4-43
Q4-44
Q4-45

b
a
d
d
d
b

P4-52A
P4-53A

NCF
NCF

Q4-46
Q4-47
Q4-48
Q4-49
Q4-50
Q4-51

b
c
d
d
d
c

906

Appendix G

P4-54A
P4-55A
P4-56A
P4-57A

P4-64B

1. Adj. bal. $9,441

1. Adj. bal $7,798.56
NCF
1. (New financing needed)
$(9,800) thou.
NCF
NCF
1. Adj. bal. $7,707
1. Adj. bal. $7,257.11
NCF
1. (New financing needed)
$(8,020)
NCF

DC1
DC2

Bookkeeper stole $1,000

NCF

FOF
FOA

1. Adj. bal. $319 mil.

NCF

P4-58B
P4-59B
P4-60B
P4-61B
P4-62B
P4-63B

Chapter 5 (NCF=No check figures)

S5-1
S5-2
S5-3
S5-4
S5-5
S5-6
S5-7
S5-8
S5-9
S5-10
S5-11
S5-12
S5-13
S5-14
S5-15
S5-16
S5-17

NCF
Unrealized gain on investment
$11,000
Unrealized loss on investment
($7,000)
NCF
NCF
2. A/R, net $25,520
4. Dr. Uncollect.-Acct. Exp.
$40,000
3. A/R, net $115,520
d. Uncollect.-Acct. Exp. $650
3. A/R, net $54,000
NCF
b. Dr. Cash $135,850
3. $176,941.67
c. Dr. Cash $2,200
c. Nothing to report
d. Interest rev. $33.33
1. 1.05 2. 34 days
1. Net loss ($516) 3. 1.55

E5-24A
E5-25A
E5-26A
E5-27A

E5-43

3. A/R, net $193,120

B/D Exp. $70; Write offs $146
Nov. 30 Dr. Interest Rec. $450
I/S: Interest rev. $3,750 for
2011 and $11,250 for 2010
a. 0.64 b. 31 days
1. 3 days
3. B/S: Short-term invest.
$28,800 I/S: Unrealized
gain $4,800
I/S: Div. rev. $700; Unrealized
(loss) $(4,000)
Div. rev. $468
Gain on Sale of Invest. $17,865
A/R, net $71,180
3. A/R, net $49,880
2. A/R, net $54,700
3. A/R, net $141,540
B/D Exp. $68.50; Write offs $145
June 30 Dr. Interest Rec. $241
I/S: Interest rev. $875 for 2011
and $2,625 for 2010
a. 0.69 b. 32 days
1. 3 days
Expected Net inc. with bank
cards $178,120
a. $70 mil. b. $52,999 mil.

Q5-44
Q5-45
Q5-46
Q5-47
Q5-48
Q5-49
Q5-50
Q5-51

d
c
d
a
$188,720
a
c
$2,000

P5-60A

3. $7,200 4. Div. rev. $432;

Unrealized (loss) on
invest. $(3,600)
NCF
5. I/S: Uncollect.-acct. exp. $650
3. A/R, net: 2011 $220,910;
2010 $209,400
2. Corrected ratios:
Current 1. 36; Acid-test 0.69
3. Net inc., corrected $67,500
2. 12/31/11 Note rec. $14,600;
Interest rec. $200
1. 2011 ratios: a. 1.57 b. 0.85
c. 16 days
3. $8,400 4. Div. rev. $576;
Unrealized (loss) on
invest. $(3,600)
NCF

E5-28A
E5-29A
E5-30B

E5-31B
E5-32B
E5-33B
E5-34B
E5-35B
E5-36B
E5-37B
E5-38B
E5-39B
E5-40B
E5-41B
E5-42

P5-61A
P5-62A
P5-63A
P5-64A

E5-18A

E5-19A
E5-20A
E5-21A
E5-22A
E5-23A

3. B/S: Short-term invest.

$52,800 I/S: Unrealized
gain $9,600
I/S: Div. rev. $400; Unrealized
(loss) $(3,000)
Div. Rev. $486
Gain on Sale of Invest. $8,670
A/R, net $60,100
3. A/R, net $45,560
2. A/R, net $51,700

P5-65A
P5-66A
P5-67B

P5-68B

Q5-52
Q5-53
Q5-54
Q5-55
Q5-56
Q5-57
Q5-58
Q5-59

c
d
a
d
Cash
b
c
c

P5-69B
P5-70B
P5-71B

P5-72B
P5-73B

5. I/S: Uncollect.-acct. exp. $325

3. A/R, net: 2011 $222,330;
2010 $208,800
2. Corrected ratios: Current
1.49; Acid-test 0.75
3. Net inc., corrected $77,400
2. 12/31/11 Note rec. $15,400;
Interest rec. $60
1. 2011 ratios: a. 1.67 b. 0.90
c. 17 days

DC1
DC2

Net inc. $223,000

2010: Days sales in rec. 26 days;
Cash collections $1,456 thou.

FOF

3. The allowance for doubtful

customer and vendor
accounts receivable is
$81 million in 2008 and
$64 million in 2007.
NCF

FOA

Chapter 6 (NCF=No check figures)

S6-1
S6-2
S6-3
S6-4
S6-5
S6-6
S6-7
S6-8
S6-9
S6-10
S6-11
S6-12
S6-13
S6-14
E6-15A
E6-16A
E6-17A
E6-18A
E6-19A
E6-20A
E6-21A
E6-22A

NCF
Gross profit $60,000
COGS: Avg. $4,022.66; FIFO
$3,980; LIFO $4,140
Net inc.: Avg. $2,369; FIFO
$2,394; LIFO $2,311
Inc. tax exp. Avg. $711; FIFO
$718; LIFO $693
NCF
COGS $455,000
NCF
NCF
GP% 0.567; Inv. TO 8.6 times
$184,000
c. $1,144 mil. d. $756 mil.
1. Correct GP $5.5 mil.
2. Correct GP $3.8 mil.
NCF
2. Gross profit $38,000 thou.
3. Gross profit $4,770
1. COGS: (a) $1,860 (b) $1,872
(c) $1,830 (d) $1,920
$31.50
2. Net inc. $455
1. GP: FIFO $0.8 mil.
LIFO $2.0 mil.
Gross Profit $44,800
Net Income (net loss) $(2) mil.

Appendix G
E6-23A
E6-24A
E6-25A
E6-26A
E6-27A
E6-28B
E6-29B
E6-30B
E6-31B
E6-32B
E6-33B
E6-34B
E6-35B
E6-36B
E6-37B
E6-38B
E6-39B
E6-40B
E6-41
E6-42
E6-43

Q6-44
Q6-45
Q6-46
Q6-47
Q6-48
Q6-49
Q6-50
Q6-51
Q6-52
P6-61A
P6-62A
P6-63A

P6-64A
P6-65A
P6-66A
P6-67A

Matthews GP% 57.1; Invy. TO

4.5 times
1. FIFO GP% 0.408; Invy. TO
3.9 times
$7,450 mil.
$38,035
Net inc.: 2010 $39,000;
2009 $41,000
2. Gross profit $34,000 thou.
COGS debit $2,250;
Ending Inv. $1,700
1. COGS: (a) $2,300 (b) $2,310
(c) $2,250 (d) $2,350
$32
2. Net inc. $325
1. GP: FIFO $0.7 mil.;
LIFO $2.0 mil.
Gross Profit $41,500
Net Income (net loss) $(11) mil.
Ogden GP% 54.7; Invy. TO
6.7 times
1. FIFO GP% 0.392; Invy. TO
4.5 times
$7,120 mil.
$42,225
Net inc.: 2010 $37,500;
2009 $41,000
NCF
1. $159,600 2. $166,850
2010 ratios; GP% 0.205; Invy.
TO 3.5 times.
c
d
d
a
b
b
b
b
b

Q6-53
Q6-54
Q6-55
Q6-56
Q6-57
Q6-58
Q6-59
Q6-60

d
a
a
d
c
b
c
a

3. Net inc. $1,535,576

2. Gross profit $3,264
3. $2,265
1. COGS: Avg. $6,415; FIFO
$6,310; LIFO $6,561 3. Net
inc. $3,065
1. GP: Avg. $58,559; FIFO
$59,088; LIFO $58,087
NCF
1. Sprinkle Top, Inc.: GP%
12.1%; Invy. TO 15.4 times
1. $80,360
2. GP $268,960

P6-68A
P6-69A
P6-70B
P6-71B
P6-72B

P6-73B
P6-74B
P6-75B
P6-76B
P6-77B
P6-78B

DC1
DC2
FOF
FOA

1. $771,200
2. Net inc. $154,000
1. Net inc. each yr. increased by
$2 mil.
3. Net inc. $1,369,358
2. Gross profit $2,465
3. $2,019
1. COGS: Avg. $7,999; FIFO
$7,896; LIFO $8,153
3. Net inc. $3,693
1. GP: Avg. $55,055; FIFO
$55,572; LIFO $54,619
NCF
1. Pastry People, Inc.: GP% 13;
Invy. TO 19.1 times
1. $96,340
2. GP $278,640
1. $799,980
2. Net inc. $156,000
1. Net inc. each yr. decreased by
$1 mil.
1. Net inc.: FIFO $249,000;
LIFO $213,000
NCF
4. GP% 2008 22.3 5. Invy.
TO 11.5 times
1. c. $3,995 mil. 3. cash payments $4,018. 5. GP% 2007
26.1%; Invy. TO 3.10 times

Chapter 6 Appendix A
S6A-1
S6A-2

NCF
2. COGS $1,050 3. GP $2,150

E6A-3A

E6A-4A
E6A-5B
E6A-6B

COGS: Specific $985;

Avg. $987.30; FIFO $955;
LIFO $1,035
4. $1,035
Avg. cost per unit $66.80
4. $1,130

P6A-7A
P6A-8A
P6A-9B
P6A-10B

2. GP $4,812
2. $1,920
COGS $1,870
2. COGS $1,880

Chapter 7 (NCF=No check figures)

S7-1
S7-2

2. Book value $29,902 mil.

NCF

S7-3
S7-4
S7-5

S7-6
S7-7
S7-8
S7-9
S7-10
S7-11
S7-12
S7-13
S7-14
E7-15A
E7-16A
E7-17A
E7-18A
E7-19A
E7-20A
E7-21A
E7-22A
E7-23A
E7-24A
E7-25A
E7-26A
E7-27A
E7-28A
E7-29B
E7-30B
E7-31B
E7-32B
E7-33B
E7-34B
E7-35B
E7-36B
E7-37B
E7-38B
E7-39B
E7-40B
E7-41B
E7-42B
E7-43
E7-44
E7-45

907

Dr. Land $70,000; Bldg. $42,000;

Equip. $28,000
NCF
2. BV: SL $43,400,000; UOP
$46,800,000; DDB
$31,800,000
a. $9,600,000 b. $10,200,000
c. $7,632,000
2. $3,712,000
a. 1,650,000 b. 3,608,000
c. 3,750,000
Depr. Exp. $14,167
2. Loss on Sale of Airplane
$12,000,000
3. Book value $77.2 bil.
1. $1,800,000
Net inc. $270,000
Net cash (used) $(9.0) mil.
Land $380,500; Land improve.
$77,000; Bldg. $709,000
Gain on sale $1,290
NCF
2. Bldg., net $732,177
Depr. 2013: SL $4,050;
UOP $3,150; DDB $0
I/S: Depr. exp.bldg. $8,450
B/S: Bldg., net $215,550
$6,050
Depr. exp., Yr. 21 $14,500
Loss on sale $972
BV of old truck $272,200
BV $420,650
Part 2 Amortiz. exp. $225,000
1. $10 mil.
a. Sale of bldg. $650,000
Land $362,500; Land improve.
$68,000; Bldg. $653,000
Gain on sale $2,120
NCF
2. Bldg., net $754,803
Depr. 2013: SL $4,200;
UOP $4,480; DDB $0
I/S: Depr. exp.bldg. $8,300
B/S: Bldg., net $211,700
$4,125
Depr. exp., Yr. 21 $16,000
Loss on sale $1,186
BV of old truck $263,890
BV $440,200
Part 2 Amortiz. exp. $175,000
1. $16 mil.
a. Sale of bldg. $610,000
2,400 hours
(Loss) on sale ($73) mil.
Net inc. under DDB $50 mil.

908

Appendix G

E7-46

Net inc. Yr. 4 2.0 mil.

overstated

Q7-47
Q7-48
Q7-49
Q7-50
Q7-51
Q7-52
Q7-53
Q7-54

a
b
a
a
d
c
b
c

P7-62A

1. Land $298,500; Land

Improve. $104,040; Sales
Bldg. $581,940; Garage Bldg.
$119,020; Furn. $81,300
2. Depr. exp.Land
Improve. $3,468
2. Bldg. $709,000
12/31 Depr. exp.Equip.
$68,400; Depr. exp.
Bldgs. $585
NCF
3. Net inc. advantage of
SL $40,320
Cash flow advantage of
DDB $15,680
1. Book value $2,704 mil.
2. Net inc. $317,720
1. (Loss) on sale $(0.2) bil.
2. BV $0.6 bil.
1. Land $278,600; Land
Improve. $102,700; Sales
Bldg. $574,860; Garage
$120,040; Furn. $80,300
2. Depr. exp.Land
Improve. $4,564
2. Bldg. $704,000
12/31 Depr. exp.Equip.
$90,000; Depr. exp.
Building $893
NCF
3. Net inc. advantage of SL over
DDB $39,000
Cash flow advantage of DDB
over SL $21,000
1. Book value $2,713 mil.
2. Net inc. $257,925
1. (Loss) on sale $(0.3) bil.
2. BV $0.2 bil.

P7-63A
P7-64A

P7-65A
P7-66A

P7-67A
P7-68A
P7-69A
P7-70B

P7-71B
P7-72B

P7-73B
P7-74B

P7-75B
P7-76B
P7-77B

DC1
DC2

Q7-55
Q7-56
Q7-57
Q7-58
Q7-59
Q7-60
Q7-61

c
b
d
Gain $700
BV $7,000
b
d

1. Net inc.: LaPetite $95,400;

Burgers $72,600
NCF

FOF
FOA

NCF
1. Cash paid to repay capital
lease $14 mil.
4. % of assets used up
2007 78.5%

E8-33B
E8-34B

Unearned subscr. rev. $325

P/R tax exp. $14,400; P/R tax
pay. $850
3. Interest exp. 2010 $3,417;
2011 $683
Income tax pay. $265,000
Income tax exp. $375,000
2. Debt ratio 0.49
Est. Loss $2,500,000
c. Unearned sales revenue
$20,000
12/31 Interest exp. $275,000
3. and 4. $704,000
1. 12/31/12 Bond carry. amt.
$756,748
1. 6/30/12 Bond carry. amt.
$3,379,593
12/31/14 Bond carry. amt.
$719,992
1. Carry. amt. $3,492,000
2. Pd.-in Cap. in excess of Par
$3,276,000
Company L: Current 2.42; Debt
0.740; Times-int.-earned 7.9
1. EPS: A $7.12; B $3.65
Pay off $88,360
1. Gain on Retirement $55 mil.
3. Debt ratio after 0.60
5. 3/15/12 Bond carry. amt.
$665,896

E8-35B
E8-36B

Chapter 8 (NCF=No check figures)

S8-1
S8-2
S8-3
S8-4
S8-5
S8-6
S8-7
S8-8
S8-9
S8-10
S8-11
S8-12
S8-13
S8-14
S8-15
E8-16A
E8-17A
E8-18A
E8-19A
E8-20A
E8-21A
E8-22A
E8-23A
E8-24A
E8-25A
E8-26A
E8-27A
E8-28A
E8-29A

E8-30A
E8-31A
E8-32B

6/30/11 Debits include Interest

exp. $300
2. Interest exp. $300
2. Est. Warranty Pay. bal. $20,980
NCF
NCF
a. $227,250 b. $308,250
NCF
12/31/10 Interest exp. $2,200
1. 9/30/11 Bond carry. amt.
$472,873
3. Interest exp. 2011 $18,619
1. $1,825,000 3. $75,000
b. Interest exp. $21,500
EPS: A $4.69 B $3.13
Times-int.-earned ratio 3.1
Total liab. $776,000
2. Warranty exp. $11,270
Est. warranty pay. $6,270
Unearned subscr. rev. $1,050
P/R tax exp. $16,000; P/R tax
pay. $800
3. Interest exp. 2010 $3,320;
2011 $1,660
Income tax pay. $242,000
Income tax exp. $432,000
2. Debt ratio 0.49
Est. Loss $1,500,000
c. Unearned sales revenue
$55,000
12/31 Interest exp. $357,500
3. and 4. $685,000
1. 12/31/12 Bond carry. amt.
$2,162,607
1. 6/30/12 Bond carry. amt.
$934,015
12/31/19 Bond carry. amt.
$100,000
1. Carry. amt. $3,176,250
2. Pd.-in Cap. in excess of
Par $3,052,500
Company N: Current 2.70;
Debt 0.76; Times-int.-earned 7.2
1. EPS: A $5.70; B $3.00
2. Warranty exp. $6,400
Est. warranty pay. $5,000

E8-37B
E8-38B
E8-39B
E8-40B
E8-41B
E8-42B
E8-43B
E8-44B
E8-45B

E8-46B
E8-47B
E8-48
E8-49
E8-50

Q8-51
Q8-52
Q8-53
Q8-54
Q8-55
Q8-56
Q8-57
Q8-58
Q8-59
Q8-60
P8-70A
P8-71A
P8-72A
P8-73A
P8-74A
P8-75A
P8-76A

c
d
a
b
c
d
c
a
f
d

Q8-61
Q8-62
Q8-63
Q8-64
Q8-65
Q8-66
Q8-67
Q8-68
Q8-69

a
c
Interest exp. $18,600
Interest exp. $6,200
e
b
d
a
a

e. Note pay. due in 1 yr. $35,000

Interest pay. $8,400
12/31/10 Warranty Exp. $5,700
5/31/11 Interest exp. $1,250
2. Interest pay. $37,500
Bonds pay. $4,500,000
4. Interest pay. $24,000
Bonds payable, net $891,750
2. $6,748,000 3. a. $329,000
b. $315,000
2. 12/31/Yr. 4. Bond carry. amt.
$2,922,688
1. 6/30/12 Bond carry. amt.
$2,816,171

Appendix G
P8-77A
P8-78A

P8-79B
P8-80B
P8-81B
P8-82B
P8-83B
P8-84B
P8-85B
P8-86B
P8-87B

DC1

NCF
1. Total current liab. $566,000
Total LT liab. $1,552,000
3. Times-int.-earned ratio 1.80
e. Note pay. due in 1 yr.
$20,000; Interest pay. $8,500
12/31/10 Warranty Exp. $2,940
5/31/11 Interest exp. $1,875
2. Interest pay. $20,000
Bonds pay. $3,000,000
4. Interest pay. $36,000
2. $3,856,000 3. a. $148,000
b. $140,000
2. 12/31/Yr. 4. Bond carry. amt.
$5,888,435
1. 12/31/12 Bond carry. amt.
$1,891,868
NCF
1. Total current liab. $667,000
Total LT liab. $540,000
3. Times-int.-earned ratio 1.6

DC2

1. Ratios after: Debt 0.93

Times-int.-earned 1.3
1. EPS: A $4.28 B $4.07; C $4.10

FOF
FOA

NCF
NCF

Chapter 9 (NCF=No check figures)

S9-1
S9-2
S9-3
S9-4
S9-5
S9-6
S9-7
S9-8
S9-9
S9-10
S9-11
S9-12
S9-13
S9-14
S9-15
S9-16
S9-17
S9-18
S9-19

NCF
NCF
NCF
NCF
$72,927,000 paid-in capital
HP: Dr. Cash $17,123 mil.
NCF
Total SE $825 thou.
a. $534 thou. b. $3,036 thou.
c. $3,861 thou.
Overall, SE decreased $21 mil.
NCF
RE increased $43,400
1. $360,000 4. Pfd. $1,080,000
Cr. PIC in excess of Par-Common
$42,900
BV per share $63.82
NCF
ROA 1.5%; ROE 3.9%
NCF
Cash flow from financing
activities $(6.4) bil.

E9-20A
E9-21A
E9-22A
E9-23A
E9-24A
E9-25A
E9-26A
E9-27A
E9-28A

E9-45B
E9-46B
E9-47B
E9-48B
E9-49B
E9-50B
E9-51B
E9-52
E9-53
E9-54
E9-55

2. Total SE $108,500
Total SE $155,050
Total PIC $367,000
Total SE $1,479 thou.
Overall increase in SE $22,400
NCF
Total SE $105,195 mil.
3. 288 mil. shares 5. $22.90
2010: Pfd. $5,400;
Com. $54,600
2. Total SE $7,469,200
a. Decrease SE $78 mil.
Total SE $3,199 mil.
1. $8.50 2. $7.90
ROA 0.118; ROE 0.186
ROA 0.062; ROE 0.100
NCF
2. Total SE $135,000
Total SE $161,250
Total PIC $685,000
Total SE $981 thou.
Overall increase in SE $14,200
NCF
Total SE $123,358 mil.
3. 246 mil. shares 5. $24.05
2010: Pfd. $15,750;
Com. $84,250
2. Total SE $7,477,600
a. Decrease SE $85 mil.
Total SE $2,697 mil.
1. $9.60 2. $8.97
ROA 0.117; ROE 0.187
ROA 0.061; ROE 0.100
NCF
NCF
NCF
Div. $1,455 mil.
12/31/11 Total equity $67 mil.

Q9-56
Q9-57
Q9-58
Q9-59
Q9-60
Q9-61
Q9-62
Q9-63
Q9-64
Q9-65

c
b
e
c
a
a
b
a
a
a

P9-76A
P9-77A
P9-78A
P9-79A
P9-80A

2. Total SE $672,500
Total SE $844,200
Total SE $7,514,500
4. $379,925
2. Total SE $123,790

E9-29A
E9-30A
E9-31A
E9-32A
E9-33A
E9-34A
E9-35A
E9-36B
E9-37B
E9-38B
E9-39B
E9-40B
E9-41B
E9-42B
E9-43B
E9-44B

Q9-66
Q9-67
Q9-68
Q9-69
Q9-70
Q9-71
Q9-72
Q9-73
Q9-74
Q9-75

b
a
a
c
b
c
e
b
b
a

P9-81A
P9-82A

P9-83A
P9-84B
P9-85B
P9-86B
P9-87B
P9-88B
P9-89B
P9-90B

P9-91B
DC1

909

NCF
1. Total assets $576,000
Total SE $311,000
2. ROA 0.089; ROE 0.105
NCF
2. Total SE $381,500
Total SE $719,400
Total SE $6,366,750
4. $138,400
2. Total SE $114,880
NCF
1. Total assets $555,000
Total SE $287,000
2. ROA 0.088; ROE 0.100
NCF

DC2
DC3

3. Total SE: Plan 1 $220,000

Plan 2 $230,000
NCF
3. Debt ratio, adjusted 0.87

FOF
FOA

4. ROE 33.3%; ROA 9.7%

2. Avg. price paid $21.90

Chapter 10 (NCF=No check figures)

S10-1

S10-2
S10-3
S10-4
S10-5
S10-6
S10-7
S10-8
S10-9
S10-10
S10-11
S10-12

1. Unrealized Loss on Invest.

($3,600) 2. LT avail.-for-sale
invest. $5,200
1. Gain on sale $2,000
3. LT Invest. bal. $430 mil.
(Loss) on sale $(60) mil.
NCF
NCF
2. Cash interest $66,000
4. Interest rev. $57,200
c. Dr. Interest rev. $4,400
Nov. 15 FC Transaction Gain
$7,500
Apr. 24 FC Transaction Gain
$3,300
NCF
NCF

E10-13A d. Loss on sale $4,230

E10-14A 2. Unrealized Loss ($27,670)
3. LT investments $210,820
E10-15A Invest. end. bal. $1,567,500
E10-16A Gain on sale $45,000
E10-17A 2. LT investment, at
equity $612,500
E10-18A 2. Consol. total SE $337,000
E10-19A 3. Interest rec. $600; LT invest.
in bonds $29,430

910

Appendix G

E10-20A 1. 10/28 FC Transaction

Loss $2,000
E10-21A FC translation adj. $61,900
E10-22A Net cash (used)-invest.
$(10.3) mil.
E10-23A NCF
E10-24B d. Loss on sale $4,140
E10-25B 2. Unrealized Loss $43,695
3. LT investments $246,445
E10-26B Invest. end. bal. $1,273,500
E10-27B Gain on sale $1,726,500
E10-28B 2. LT investment, at equity
$583,000
E10-29B 2. Consol. total SE $304,000
E10-30B 3. Interest rec. $750; LT invest.
in bonds $38,480
E10-31B 1. 8/30 FC Transaction Loss
$1,400
E10-32B FC translation adj. $31,800
E10-33B Net cash (used)-invest.
$(11.1) mil.
E10-34B NCF
E10-35 3. c. LT invest., at equity
$1,013,750
E10-36 3. Accum. other comp.
(loss) $(41) mil.
Q10-37
Q10-38
Q10-39
Q10-40
Q10-41
Q10-42

a
b
Gain on Sale $15,600
a
a
c

Q10-43
Q10-44
Q10-45
Q10-46
Q10-47
Q10-48

c
c
c
b
a
a

P10-57B 2. LT invest. in new software.

bal. $646,000
P10-58B 3. Consol. debt ratio 0.902
P10-59B Consol. total assets $1,974,000
P10-60B 2. B/S: LT invest. in bonds
$3,084,750; I/S: Interest rev.
$78,750
P10-61B 1. I/S: FC transaction (loss)
$(2,670)
P10-62B 1. FC translation adj. $86,000
DC1
DC2

NCF
2. Gain on sale $6,200
3. Gain on sale $80,000

FOF
FOA

NCF
NCF

Chapter 11 (NCF=No check figures)

S11-1
S11-2
S11-3
S11-4
S11-5
S11-6
S11-7
S11-8
S11-9
S11-10
S11-11
S11-12

P10-49A 2. B/S: LT invest. at equity

$531,950; I/S: Equitymethod invest. rev.
$174,000; Div. rev. $342;
Unrealized (loss) $(6,900)
P10-50A 2. LT Invest. in Rockaway
Software bal. $635,200
P10-51A 3. Consol. debt ratio 0.900
P10-52A Consol. total assets $2,089,000
P10-53A 2. B/S: LT invest. in bonds
$2,590,000; I/S: Interest
rev. $30,000
P10-54A 1. I/S: FC transaction (loss),
net $(1,480)
P10-55A 1. FC translation adj. $385,000
P10-56B 2. B/S: LT invest., at equity
$519,432; I/S: Equity-method
invest. rev. $212,000;
Div. rev. $297; Unrealized
(loss) $(7,500)

NCF
NCF
Net inc. $12,600 thou.
EPS for net inc. $1.16
Comp. inc. $16,100
Est. value $21.00
NCF
NCF
2. Net inc. $85,400; Deferred
tax liab. $8,400
RE 12/31/10 $123,000
1. $1,140,00
3. Sold TS for $12,000
NCF

E11-13A Net inc. $1,121 thou.

E11-14A 1. EPS for net inc. 3.73
2. $48.00
E11-15A 8.9%
E11-16A EPS $6.02
E11-17A Net income $0.80
E11-18A Net income $262,500
Deferred tax liab. $22,500
E11-19A 2. $15,000
3. $51,000
E11-20A RE 12/31/10 $354 mil.
E11-21A Total SE 12/31/10 $2,063,500
E11-22A 2. 53.6%
E11-23B Net inc. $346 thou.
E11-24B 1. EPS for net inc. $6.28
2. $80.67
E11-25B 7.7%
E11-26B EPS $7.48
E11-27B Net income $1.69

E11-28B Net income $522,500

Deferred tax liab. $35,000
E11-29B 2. $115,200
3. $50,000
E11-30B RE 12/31/10 $384 mil.
E11-31B Total SE 12/31/11 $2,097,400
E11-32B 2. 43.8%
Q11-33
Q11-34
Q11-35
Q11-36
Q11-37
Q11-38

b
c
b
b
d
d

Q11-39
Q11-40
Q11-41
Q11-42
Q11-43
Q11-44

c
b
a
b
b
c

P11-45A 1. Net inc. $46,220; EPS for

net inc. $1.99
P11-46A RE 12/31/10 $213,820
P11-47A Est. value $1,020,400; Current
mkt. value $946,000
P11-48A 1. EPS for net inc. $1.39
2. Est. value at 10% $15.20
P11-49A Comp. inc. $228,200; EPS for
net inc. $11.80
P11-50A 1. $218,000
2. Cr. Deferred tax liab. $3,600
3. Net inc. $161,000
P11-51A 1. $400 mil. 2. $2 per share
3. $10.00 per share
4. Increase in SE $25 mil.
5. 20%
P11-52B 1. Net inc. $29,270
EPS for net inc. $1.24
P11-53B RE 12/31/10 $195,520
P11-54B Est. value $375,500
Current mkt. value $437,000
P11-55B 1. EPS for net inc. $1.35
2. Est. value at 9% $16.44
P11-56B Comp. inc. $239,400
EPS for net inc. $24.78
P11-57B 1. $153,000
2. Cr. Deferred tax liab. $9,450
3. Net inc. $117,000
P11-58B 1. $700 mil. 2. $1 per share
3. $23.00 per share
4. Increase in SE $27 mil.
5. 10%
DC1
DC2

Use $0.59
NCF

FOF
FOA

2. Est. value at 5% $30.40

3. Est. value at 6% $5.33

Appendix G

Chapter 12 (NCF=No check figures)

S12-1
S12-2
S12-3
S12-4
S12-5
S12-6
S12-7
S12-8
S12-9
S12-10

S12-11

S12-12

S12-13
S12-14
S12-15

E12-16A
E12-17A
E12-18A
E12-19A
E12-20A

E12-21A
E12-22A
E12-23A
E12-24A
E12-25A
E12-26A
E12-27B
E12-28B
E12-29B
E12-30B
E12-31B

E12-32B
E12-33B
E12-34B
E12-35B
E12-36B
E12-37B

NCF
NCF
NCF
NCF
Net cash-oper. $37,000
NCF
Net cash-oper. $121,000
Net cash-oper $121,000
Net increase in cash $75,400
a. $71,000 b. $25,000
a. Now borrowing $15,000
b. Issuance $10,000
c. Dividends $196,000
a. Collections from customers
$759,000 b. Payments for
inventory $313,000
a. Payments to employees
$38,000 b. Payments for
other expenses $174,000
Net cash-oper. $170,000
Net increase in cash $11,000
Net cash-oper. $24,000
Net cash-oper. $24,000
Net increase in cash $30,300
NCF
NCF
Net cash-oper. $34,000
Net cash-oper. $(72,000)
1. Net cash-oper. $102,200
Net increase in cash $19,200
Noncash inv. and fin. $52,000
NCF
a. $24,000 b. $26,000
Net cash-oper. $(41,000)
NCF
1. Net cash-oper. $78,700
Net increase in cash $74,200
a. $67,000 b. $84,000
NCF
NCF
Net cash-oper. $125,000
Net cash-oper. $143,000
1. Net cash-oper. $105,700
Net increase in cash $18,700
Noncash inv. and fin. $30,000
NCF
a. $28,000 b. $13,000
Net cash-oper. $11,000
NCF
1. Net cash-oper. $80,000
Net increase in cash $57,000
a. $64,000 b. $74,000

E12-38

E12-39

Q12-40
Q12-41
Q12-42
Q12-43
Q12-44
Q12-45
Q12-46
Q12-47
Q12-48
Q12-49

(Thousands)
a. $23,995 b. $18,114
c. $3,572 d. $532 e. $70
f. $682
a. Loss $80 thou.
b. $290 thou.
d
d
b
c
c
c
c
*
c
c

Q12-50
Q12-51
Q12-52
Q12-53
Q12-54
Q12-55
Q12-56
Q12-57
Q12-58
Q12-59

b
c
c
d
a
d
a
a
c
b

P12-71B

P12-72B

P12-73B
P12-74B
P12-75B

P12-76B

*financing; operating

P12-60A 1. Net inc. $54,400 2. Total assets

$513,400 3. Net cash-oper.
$(16,200); Net increase in
cash $231,800
P12-61A 1. Net inc. $54,400 2. Total assets
$513,400 3. Net cash-oper.
$(16,200); Net increase in
cash $231,800
P12-62A Net cash-oper. $89,400
Net increase in cash $90,400
Noncash inv. and fin. $265,000
P12-63A 1. Net cash-oper. $108,900
Net increase in cash $35,600
Noncash inv. and fin. $100,000
P12-64A 1. Net cash-oper. $84,700
Net increase in cash $13,300
P12-65A 1. Net cash-oper. $84,700
Net increase in cash $13,300
P12-66A Net cash-oper. $135,600
Net (decrease) in cash $(4,600)
P12-67A 1. Net cash-oper. $55,000
Net (decrease) in cash
$(12,200)
Noncash inv. and fin.
$100,800
P12-68A 1. Net cash-oper. $65,100
Net increase in cash $7,900
Noncash inv. and fin. $19,600
P12-69B 1. Net inc. $53,000 2. Total assets
$476,600 3. Net cash-oper.
$107,000; Net increase in
cash $87,000
P12-70B 1. Net inc. $53,000 2. Total assets
$476,600 3. Net cash-oper.

P12-77B

DC1

DC2
FOF
FOA

911

$107,000; Net increase in

cash $87,000
Net cash-oper. $144,000
Net increase in cash $34,000
Noncash inv. and fin. $269,000
1. Net cash-oper. $76,000
Net (decrease) in cash
$(10,200)
Noncash inv. and fin.
$30,000
1. Net cash-oper. $86,000
Net increase in cash $12,600
1. Net cash-oper. $86,000
Net increase in cash $12,600
1. Net cash-oper. $83,800
Net (decrease) in cash
$(34,000)
1. Net cash-oper. $55,000
Net (decrease) in cash
$(29,700)
Noncash inv. and fin. $78,700
1. Net cash-oper. $85,100
Net increase in cash $26,500
Noncash inv. and fin. $22,200
(Thousands)
1. Net cash-oper. $132
Net (decrease) in cash $(46)
NCF
2. b. Payments for inventory
$14,296
4. Dividends $77; Total $127

Chapter 13 (NCF=No check figures)

S13-1
S13-2
S13-3
S13-4
S13-5
S13-6
S13-7
S13-8
S13-9
S13-10
S13-11
S13-12

2009 Net increase 14.4%

2010 Sales trend 118%
2010 Cash 1.5%
Net inc. % Hartigan 6.5%
2010 Current ratio 1.53
1. 2010 Acid-test ratio 1.21
a. 26 times b. 9.6 days
1. 0.814 2. 8.0
a. 8.2% b. 13.4% c. 55.5%
1. EPS $4.76; P/E 12
(a) $3,865 thou. (d) $750 thou.
(a) $675 thou
(d) $2,730 thou
(e) $1,030 thou
S13-13 NCF
S13-14 NCF
E13-15A 2010 WC (decrease) (9.4)%
E13-16A Net inc. decreased 15.3%

912

Appendix G

E13-17A Yr. 4 Net inc. trend 139%

E13-18A Current assets 21.7%
Total liab. 79.8%
E13-19A Net inc. 2010 14.77%;
2009 16.28%
E13-20A NCF
E13-21A a. 1.50 b. 0.70 c. 3.2
d. 8.0 e. 46 days
E13-22A 2010 ratios: a. 1.74 b. 0.69
c. 0.55 d. 4.90
E13-23A 2009 ratios: a. 0.189 b. 0.208
c. 0.216 d. $1.67
E13-24A 2010 ratios: a. 27.9 b. 0.010
c. $2.44
E13-25A Barton Oil -$114.64 mil.
E13-26B 2010 WC increase 40%
E13-27B Net inc. increase 22.1%
E13-28B Yr. 4 Net inc. trend 144.6%
E13-29B Current assets 15.15%
Total liab. 55.22%
E13-30B Net inc. 2010 16.76%;
2009 16.13%
E13-31B NCF
E13-32B a. 1.92 b. 1.18 c. 3.3
d. 6.1 e. 60 days
E13-33B 2010 ratios: a. 2.35 b. 0.96
c. 0.57 d. 4.66
E13-34B 2010 ratios: a. 0.185 b. 0.295
c. 0.286 d. $1.58
E13-35B 2010 ratios: a. 22.4 b. 0.015
c. $5.94
E13-36B Houlie Oil $121.82 mil.
E13-37 Total assets $21,000 mil.
Current liab. $7,000 mil.

E13-38

Sales $6,430 mil.

Net inc. $340 mil.

Q13-39
Q13-40
Q13-41
Q13-42
Q13-43
Q13-44

b
d
b
c
b
a

Q13-45
Q13-46
Q13-47
Q13-48
Q13-49
Q13-50

b
b
c
c
d
b

P13-51A 1. 2010 trends: Net sales 298%;

Net inc. 127%; Total assets
150%
2. 2010 0.047
P13-52A 1. Net inc. 4.0%
Current assets 76.0%
P13-53A NCF
P13-54A 1. Current ratio before 1.68
2. a. Current ratio after 2.43
P13-55A 1. 2010 ratios: a. 2.00 b. 1.29
c. 5.25 d. 0.184 g. 15.0
P13-56A 1. DVR: a. 059 b. 2.16 c. 117
d. 0.69 f. 0.215 2. DVR
EVA $35,000
P13-57B 1. 2010 trends: Net rev 205.3%;
Net inc. 122.2%; Common
stock 147.1%
2. 2010 0.054
P13-58B 1. Net inc. 2.5%
Current assets 77.0%
P13-59B NCF
P13-60B 1. Current ratio before 1.60
2. a. Current ratio after 2.21

P13-61B 1. 2010 ratios: a. 1.93 b. 1.30

c. 5.84 d. 0.482
P13-62B 1. CDROM.COM: a. 0.59
b. 2.16 c. 100 d. 0.68
f. 0.237
2. CDROM.COM EVA $36,920
DC1
DC2
DC3

NCF
NCF
NCF

FOF
FOA

NCF
2007 trend: Net sales 96%;
Net (loss) 19%

Appendix C
PC-1
PC-2
PC-3
PC-4
PC-5
PC-6

a. 5 yrs. $153,900
b. 6% $281,850
a. $10,000,000
b. $5,640,000
1. $500,100 2. $446,820
3. $562,360
1. $379,455 2. 12/31/11
Bond carry. amt. $380,838
Renault 498,960
Peugeot 519,750
$170,960