See homework part1.docx See homework 2.xlsx Problem 1 is half


Question Description:

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See homework part1.docxSee homework 2.xlsx Problem 1 is half done. only format for last one. homework 2.xlsx PCS Company Income Statement for the month of October Sales Variable Costs Direct Material Direct Labor Factory Overhead Selling and Admin Expenses Total Variable Costs Contribution Fixed Costs Factory Overhead Selling and Admin Expenses Total Fixed Costs Net Operating income 20000 3000 2500 2500 1500 9500 10500 4000 3000 7000 3500 B) 1.05 6666.667 6666 units 6666 Cherry Company Comparative Income Statements (000’s omitted) For the Years Ended December 31, 20×5 and 20×4 20×5 20×4 Net Sales $360 $290 Cost of Goods Sold 255 172 Gross Profit 105 118 Operating Expenses 84 65 Operating Income 21 53 Interest Expense 10 12 Income Before Income Taxes 11 41 Income Taxes 4 16 $7 $25 Net Income Cherry Company Comparative Balance Sheets (000’s omitted) December 31, 20×5 and 20×4 12/31/20×5 12/31/20×4 Assets: Current Assets $48 $110 Property, Plant, and Equipment (net) 285 245 $333 $355 Total Assets Liabilities and Stockholders’ Equity: Current Liabilities Long-Term Liabilities Total Liabilities Stockholders’ Equity Total Liabilities and Stockholders’ Equity 36 175 211 122 $333 54 123 177 178 $355 Common Stock: Market Price Per Share at 12/31 Cash Dividends Per Share 20×5 $19.80 $2.80 Comment on the company‚Äôs overall performance in 20×5 and 20×4: 20×4 $28.40 $2.20 Ratios Summary Current ratio Debt Ratio Net Profit Margin Ratio Gross Profit Ratio Return on Equity Dividend Yield Ratio 20×5 20×4 144 Read more

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