Question 4.4 . ( TCO A ) The following items are taken from the financial statements of BCT Company for 2013 : Instructions : ( 1 ) Create a classified balance sheet in good form for the year ended 2013 . ( 30 points ) ( 2 ) Calculate the current ratio and debt ratio and explain your findings . ( 6 points ) ( Points : 36 )
Question 4 . ( TCO B ) The Caldor Company gathered the following condensed data for the year ended December 31 , 2014 : Instructions :
( 1 ) Prepare a multiple-step income statement for the year ended December 31 , 2014 . ( 30 points )
( 2 ) Compute the gross margin percentage and net profit margin ratio . Caldor Company ’ s assets at the beginning of the year were $ 900,000 , and the assets were $ 950,000 at the end of the year . To qualify for full credit , you must state the formula you are using , show your computations , and explain your findings . ( 6 points ) ( Points : 36 )
Q-4 Set 2 Question 3.3 . ( TCO H ) Simpson Inc . purchased 5 , $ 4,000 , 11 % bonds of Hillsdale Corporation when the market rate of interest was 10 %. Interest is paid semiannually on the bonds , and the bonds mature in 4 years .
Instructions : Compute the total price paid by Simpson Inc . for the bonds showing your calculation for the present value of the principal and the present value of the interest payments .
Present value tables ( Exhibit 8-14 and Exhibit 8-15 ) are available on pages 452 and 453 of your Harrison , Horngren , and Thomas textbook . NOTE : Be sure you review the PV Tables completely to ensure you