ACC/543 Managerial Accounting & Legal Aspects Of Business The Latest Version A+ Study Guide

ACC/543 Managerial Accounting & Legal Aspects Of Business The Latest Version A+ Study Guide ACC 543 Wk 1 - Practice: Ratio Analysis Following is the balance sheet of Campbell Company for Year 3: Assets Cash $ 15,350 Marketable securities 7,580 Accounts receivable 12,740 Inventory 10,750 Property and equipment 166,500 Accumulated depreciation (12,100) Liabilities and Stockholders’ Equity Accounts payable $ 8,240 Current notes payable 3,560 Mortgage payable 4,900 Bonds payable 21,420 Common stock 113,900 Retained earnings 48,800 The average number of common stock shares outstanding during Year 3 was 860 shares. Net income for the year was $15,400. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.) ACC 543 Wk 1 - Apply: Business Applications Case Managerial accounting can be a complex job. As you learned in this week’s practice assignment, many different calculations need to be completed to assist an organization with its financial statements. Write a 250-word response reflecting on your experience making the calculations from the practice assignment. In your reflection, share your thoughts on the activities within this week’s readings. Consider how calculating financial statements will help drive effective business decisions. ................................................CONTINUED...................................................