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P2-14 LIQUIDITY RATIO
Josh smith has compiled some of his personal financial data in order to determine his liquidity position. The data are as follows:
Cash - $3,200
Marketable securities – 1,000
P2-21 RATIO PROFICIENCY
McDougal printing inc had sales totaling $40,000,000 in fiscal year 2009. Some ratios for the company are listed below use this information to determine the dollar values of various income statement and balance sheet accounts as requested.
P3-15 PRO FORMA INCOME STATEMENT
The marketing department of Metroline manufacturing estimates that its sales in 2010 will be $1.5 million. Interest expense is expected to remain unchanged at $35,000 and the firm plans to pay
P3-21 ETHICS PROBLEM
The SEC is trying to get companies to notify the investment community more quickly when a “material change” will affect their forthcoming financial results. In what sense might a financial manager be seen as “more ethical” if he or she follows this directive and issues a press release indicating that sales will not be as high as previously anticipated?