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Category > Accounting Posted 14 May 2017 My Price 8.00

Benson Corporation a clothing retailer engaged in the transactions

 

Benson Corporation, a clothing retailer, engaged in the transactions listed in the first column of the table below. Opposite each transaction is a ratio and space to mark the effect of each transaction on the ratio.

Transaction

Ratio

 

Effect

 

Increase

Decrease

None

a. Issued common stock for cash.

Asset turnover

 

 

 

b. Declared cash dividend.

Current ratio

 

 

 

c. Sold treasury stock.

Return on equity

 

 

 

d. Borrowed cash by issuing note payable. Debt to equity ratio

 

 

e. Paid salaries expense. Inventory turnover

 

 

f. Purchased merchandise for cash. Current ratio

 

 

g. Sold equipment for cash. Receivable turnover

 

 

h. Sold merchandise on account. Quick ratio

 

 

i. Paid current portion of long-term debt. Return on assets

 

 

j. Gave sales discount. Profit margin

 

 

k. Purchased marketable securities for cash. Quick ratio

 

 

l. Declared 5% stock dividend. Current ratio

 

 

m. Purchased a building. Free cash flow

 

 

Required

Manager Insight: Show that you understand the effect of business activities on performance measures by placing an X in the appropriate column to show whether the transaction increased, decreased, or had no effect on the indicated ratio.

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 14 May 2017 05:05 PM My Price 8.00

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Attachments

file 1494783293-869935_1_636302584782866291_Transaction-effect-on-Ratios.xlsx preview (228 words )
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