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