For the following reaction: NiO2(s) + 4 H+(aq) + 2 Ag(s) → Ni2+(aq) + 2 H2O(l) + 2 Ag+(aq) script E° = 2.48 V Calculate the pH of the solution if script E = 2.32 V and [Ag+] = [Ni2+] = 0.012 M. Use the Standard Reduction Table.

Finance date of Adams Stores, Inc. for the year ending 2016 and 2017. Items 2016 2017 Sales $3,432,000 $5,834,400 Cash 9,000 7,282 Other Expenses 340,000 720,000 Retained Earnings 203,768 97,632 Long-term debt 323,432 1,000,000 Cost of goods sold 2,864,000 4,980,000 Depreciation 18,900 116,960 Short-term investments 48,600 20,000 Fixed Assets 491,000 1,202,950 Interest Expenses 62,500 176,000 Shares outstanding (par value = $46.00) 100,000 100,000 Market Price of stock 8.50 6 Accounts Receivable 351,200 632,160 Accounts payable 145,600 324,000 Inventory 715,200 1,287,360 Notes Payable 200,000 720,000 Accumulated Depreciation 146,200 263,160 Accruals 136,000 284,960 Tax Rate 40% 40% Instructions: As a group, complete the following activities using the financial information above:

Need answer for this question please!

A. Based on your financial statements (from Part 1), calculate the following ratios for the two years. Show all your calculations in good form. Show your formulas. If you use excel, each calculation need to show the excel formula Current ratio Quick ratio Inventory turnover (times) Average collection period (days) Total asset turnover (times) Debt ratio Times interest earned Gross profit margin Net profit margin Return on total assets Return on equity P/E ratio Return on equity using DuPont Analysis

Home Depot entered fiscal 2016 with a total capitalization of $27,216 million. In 2016, debt investors received interest income of $831 million. Net income to shareholders was $6,348 million. (Assume a tax rate of 35%.)

Calculate the economic value added assuming its cost of capital is 10%. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

The Murdock Corporation reported the following balance sheet data for 2016 and 2015: 2016 2015 Cash $ 80,705 $ 24,755 Available-for-sale securities (not cash equivalents) 17,000 88,000 Accounts receivable 83,000 70,950 Inventory 168,000 147,700 Prepaid insurance 1,770 2,300 Land, buildings, and equipment 1,256,000 1,128,000 Accumulated depreciation (613,000 ) (575,000 ) Total assets $ 993,475 $ 886,705 Accounts payable $ 79,040 $ 151,670 Salaries payable 21,200 26,000 Notes payable (current) 27,700 78,000 Bonds payable 203,000 0 Common stock 300,000 300,000 Retained earnings 362,535 331,035 Total liabilities and shareholders' equity $ 993,475 $ 886,705 Additional information for 2016: Sold available-for-sale securities costing $71,000 for $75,800. Equipment costing $20,000 with a book value of $5,300 was sold for $6,450. Issued 6% bonds payable at face value, $203,000. Purchased new equipment for $148,000 cash. Paid cash dividends of $21,500. Net income was $53,000. Required: Prepare a statement of cash flows for 2016 in good form using the indirect method for cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.)

36. Below is information for Dakota Corp. for 2016 and 2017:

Bonds payable, December 31, 2016   $500,000
Bonds payable, December 31, 2017   800,000
Loss on bond retirement—2017   15,000
Interest expense on bonds—2017   45,000

At the end of 2017, Dakota issued bonds at par value for $800,000 cash. The proceeds from these bonds were used to retire the $500,000 bond issue outstanding at the end of 2017 (before their maturity date). All interest expense was paid in cash during 2017.

The following statements describe how Dakota reported the cash flow effects of the items described above on its 2017 statement of cash flows. The indirect method is used to prepare the operating activities section. Which of the following has been reported incorrectly by Dakota?
    a.    Proceeds of $800,000 from the issuance of bonds were reported as a cash inflow in the financing activities section.
    b.    The loss on bond retirement of $15,000 was added to net income in the operating activities section.
    c.    Payments of $560,000 were reported as a cash outflow in the investing activities section.
    d.    Interest expense of $45,000 was not reported separately because it is included in net income in the operating activities section.

38. Below are the transactions for the Louisville Company:

Proceeds from issuance of bonds payable   $635,000
Payment to purchase equipment   $275,000
Payment of wages   $115,000
Payment of dividends   $155,000
Payment to pay off notes payable   $195,000

Based on these transactions, what is the net cash flow from financing activities?
    a.    $285,000 net cash provided by financing activities.
    b.    $275,000 net cash used for financing activities.
    c.    $0, because cash inflows equal cash outflows from financing activities.
    d.    $440,000 net cash provided by financing activities.

40. During 2016, the accounts payable balance of Andreas Corp. decreased. Which of the following statements is true?
    a.    This decrease indicates that Andreas paid less during the period than it recognized as expenses on the income statement.
    b.    This decrease is added to net income in the operating activities section of a statement of cash flows prepared under the indirect method.
    c.    This decrease is deducted from net income in the operating activities section of a statement of cash flows prepared under the indirect method.
    d.    This decrease is considered only when the operating activities section of a statement of cash flows is prepared under the direct method.

42. Caler Corp. reported the following information for 2016 and 2017.

Accounts receivable, December 31, 2016   $ 67,000
Accounts receivable, December 31, 2017   63,000
Sales (all on credit)—2017   745,000

How much cash was collected from customers during 2017?
    a.    $741,000
    b.    $745,000
    c.    $749,000
    d.    $753,000

The following financial statements relate to Techmation Ltd for 2016 and 2017 respectively.

Required: 2.1 Calculate each of the following accounting ratios for both years:

2.1.1 Gross Margin Percentage (3)

2.1.2 Mark-up Percentage (3)

2.1.3 Return on Assets before Interest and Tax (do not use average figures) (3)

2.1.4 Current Ratio (3) 2.1.5 Acid-test Ratio (3)

2.1.6 Return on Equity (do not use average figures) (3)

2.2 Comment on the trends for the following ratios:

2.2.1 Gross margin percentage (3)

2.2.2 Current Ratio (2)

2.2.3 Acid-test ratio (2)

Alakazam Corp. began business on January 1, 2016. At December 31, 2016, it had a $4,500 balance in the Deferred Tax Liability account that pertains to property, plant, and equipment acquired during 2016 at a cost of $900,000. The property, plant, and equipment is being depreciated on a straight-line basis over six years for financial reporting purposes, and is a Class 8—20% asset for tax purposes. Alakazam’s income before income tax for 2017 was $60,000. Alakazam Corp. follows IFRS and the half-year convention for depreciation.

The following items caused the only differences between accounting income before income tax and taxable income in 2017.

In 2017, the company paid $56,250 for rent; of this amount, $18,750 was expensed in 2017. The other $37,500 will be expensed equally over the 2018 and 2019 accounting periods. The full $56,250 was deducted for tax purposes in 2017.

Alakazam pays $9,000 a year for a membership in a local golf club for the company’s president.

Alakazam now offers a one-year warranty on all its merchandise sold. Warranty expenses for 2017 were $9,000. Cash payments in 2017 for warranty repairs were $4,500.

Meals and entertainment expenses (only 50% of which are ever tax deductible) were $12,000 for 2017.

The maximum allowable CCA was taken in 2017. There were no asset disposals for 2017. Income tax rates have not changed since the company began operations.

Required:

1. Calculate the balance in the Deferred Tax Asset or Deferred Tax Liability account at December 31, 2017.

2. Calculate income tax payable for 2017.

3. Prepare the journal entries to record income taxes for 2017.

4. Prepare the income tax expense section of the income statement for 2017, beginning with the line “Income before income tax.”

5. Indicate how deferred taxes should be presented on the December 31, 2017 statement of financial position.

6. How would your response to parts (a) to (e) change if Alakazam reported under ASPE?

Home Depot entered fiscal 2016 with a total capitalization of $27,255 million. In 2016, debt investors received interest income of $844 million. Net income to shareholders was $6,387 million. (Assume a tax rate of 35%.) Calculate the economic value added assuming its cost of capital is 10%

The POL Company had started its operations in 2016. The balance sheet for December 31, 2016, showed the following accounts balances (there were no other accounts listed):

Accounts receivables 45

Unearned revenue 40

Accumulated depreciation 10

Common stock 500

Retained earnings 57

Property plant and equipment (gross) 200

Inventory 75

Accounts payable 40

Cash 309

Prepaid rent ______

During 2017 the following transactions occurred:

1. POL purchased $375 worth of inventory on account.

2.Payments on Accounts payable were $365.

3.Cash sales were $260; credit sales were $360.

4.Ending inventory was $59.

5.Depreciation expense was $20.

6.Collections from customers (not including cash sales) were $312.

7. The Prepaid rent had expired during the year.

8. POL hired one employee, who worked for the entire year at $4 per month. At the end of the year, POL owes its employee $6.

9.Dividend of $24 was declared and paid during 2017.

10. On the last day of the year, POL gave a loan of $50 to its twin sister company, CLA.

11.Unearned revenue account remained intact during 2017.

a.What was the balance of the Prepaid rent account on December 31, 2016?

b.Record journal entries for all transactions occurred during 2017.

c.Prepare an Income Statement for the year ended December 31, 2017.

d. Prepare a Balance Sheet for December 31, 2017.