Managerial Accounting Chapter 1 & 2 Homework Help
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C om parin g T w o C om pan ie s in t h e S am e I n du stry : C olu m bia S ports w ear a n d U nder A rm ou r R efe r t o t h e fin an cia l in fo rm atio n fo r C olu m bia S ports w ear a n d U nder A rm ou r fo r t h e in fo rm atio n n eeded t o a n sw er t h e fo llo w in g q u estio n s.
R equ ir e d:
1 . C om pu te e ach c o m pan y's w ork in g c a pit a l a t t h e e n d o f t h e t w o m ost r e ce n t y ears . A ls o , fo r e ach c o m pan y, c o m pu te t h e c h an ge in w ork in g c a pit a l d u rin g t h e m ost r e ce n t y ear. E nte r a m ou nts in t h ou sa n ds.
C olu m bia S ports w ear:
1 2/3 1/1 1 W ork in g c a pit a l: $ _ ________________ 1 2/3 1/1 0 W ork in g c a pit a l: $ _ ________________ C han ge in w ork in g c a pit a l: $ _ ________________ U nder A rm ou r:
1 2/3 1/1 1 W ork in g c a pit a l: $ _ ________________ 1 2/3 1/1 0 W ork in g c a pit a l: $ _ ________________ C han ge in w ork in g c a pit a l $ _ ________________ 2 . C om pu te e ach c o m pan y's c u rre n t r a tio a t t h e e n d o f t h e t w o m ost r e ce n t y ears . C om pu te t h e p erc e n ta ge c h an ge i n t h e r a tio d u rin g t h e m ost r e ce n t y ear. R ou nd y ou r a n sw ers fo r t h e c u rre n t r a tio t o t w o d ecim al p la ce s. C on vert t h e p erc e n ta ge c h an ge fr o m a d ecim al t o a p erc e n ta ge a n d t h en r o u nd t o o n e d ecim al p la ce . F or e xam ple , .0 051478 w ou ld b e c o n verte d t o .5 1478% a n d r o u nded t o .5 % .
C olu m bia S ports w ear:
1 2/3 1/1 1 C urre n t r a tio : _ ________________ : 1 1 2/3 1/1 0 C urre n t r a tio : _ ________________ : 1 P erc e n ta ge c h an ge in r a tio _ ________________ % U nder A rm ou r:
1 2/3 1/1 1 C urre n t r a tio : _ ________________ : 1 1 2/3 1/1 0 C urre n t r a tio : _ ________________ : 1 P erc e n ta ge c h an ge in r a tio _ ________________ % 3 . W hat a re t h e la rg est c u rre n t a sse ts b oth c o m pan ie s r e port o n t h e b ala n ce s h eet a t t h e e n d o f t h e m ost r e ce n t y ear?
_ ________________ e B ook