Questions
Presented below is selected information for Brimmer Company: Changes in Various Ratios Presented below is selected...

Presented below is selected information for Brimmer Company:

Changes in Various Ratios
Presented below is selected information for Brimmer Company:

2013 2012
Sales revenue $912,000 $840,000
Cost of goods sold 577,000 542,000
Interest expense 22,000 20,000
Income tax expense 29,000 24,000
Net income 63,000 52,000
Cash flow from operating activities 67,000 55,000
Capital expenditures 44,000 45,000
Accounts receivable (net), December 31 128,000 120,000
Inventory, December 31 198,000 160,000
Stockholders' equity, December 31 452,000 400,000
Total assets, December 31 732,000 660,000


Required
Calculate the following ratios for 2013. The 2012 results are given for comparative purposes.

Round answers to one decimal place. Use 365 days in a year.

2012 2013
1. Gross profit percentage 35.5% Answer %
2. Return on assets 8.3% Answer %
3. Return on sales 6.2% Answer %
4. Return on common stockholders' equity
(no preferred stock was outstanding) 13.9% Answer %
5. Accounts receivable turnover 8.0 Answer
6. Average collection period 45.6 days Answer days
7. Inventory turnover 3.6 Answer
8. Times-interest-earned ratio 4.8 Answer
9. Operating-cash-flow-to-capital-expenditures ratio 1.2 Answer

In: Accounting

What does economic theory suggest is the long run relationship between changes in a country’s level...

What does economic theory suggest is the long run relationship between changes in a country’s level of savings and its level of investment? Explain how your answer depends upon whether or not the economy is open or closed.

In: Economics

The following question requires you to upload a document with graphs showing changes over time. You...

The following question requires you to upload a document with graphs showing changes over time. You will need to either use a picture from your phone or software to make your graphs. Use the money market and FX diagrams to answer the following questions.

This question considers the relationship between the United States ($) and the British Pound (£). The exchange rate is in dollars per pound. On all graphs, label the initial equilibrium point A and label all your axes correctly.

Illustrate how a temporary increase in the United States' money supply affects the money and FX markets. Label your short-run equilibrium point B and your long-run equilibrium point C.

Illustrate how each of the following variables changes over time (for United States): nominal money supply, price level, real money supply, United States’s interest rate, and the exchange rate .

In: Economics

Repulsion of electrons within two interacting molecules produces changes in electron distribution. This change in electron...

Repulsion of electrons within two interacting molecules produces changes in electron distribution. This change in electron distribution creates temporary dipole moments. Which of the following does this explain?

Choose one or more:

A. This explains why the dipole-dipole attractive force between dimethyl ether and acetone does not entirely account for the attractive force between these molecules. B. This explains why ammonia and nitrogen gas exhibit an attractive force between them. C. This explains how the molecules hydrogen fluoride and methanol can exhibit uncharacteristically strong intermolecular forces. D. This explains how two noble gases' molecules can have an attractive force between them. E. This explains why long hydrocarbon chains have relatively high boiling points.

In: Chemistry

A carbonic acid/carbonate buffer is used. Explain the action of said buffer in resisting pH changes...

A carbonic acid/carbonate buffer is used. Explain the action of said buffer in resisting pH changes after the addition of NaOH using relevant chemical equations and Le Chateliers Principle.

Thank you.

In: Chemistry

For each chemical reaction or physical change, record your observations (i.e. color changes, a ppt or...

For each chemical reaction or physical change, record your observations (i.e. color changes, a ppt or solid formation, gas bubbles/odors, heat production, etc.). Observations should be detailed descriptions of WHAT you see, hear, smell, and feel. Recording a (+/–) is NOT an observation!

Short Answers:

1. Zn/HCl (single displacement) OBSERVATIONS:

2. NaHCO3/HCl (double displacement) OBSERVATIONS:

3. Sugar (C12H22O11) (decomposition) OBSERVATIONS:

4.CuSO4•5H2O (decomposition) OBSERVATIONS:

5. Fe/CuSO4 (single displacement) OBSERVATIONS:

6. NH3/HCl (combination) OBSERVATIONS:

7. Cu/HCl and Al/HCl (single displacement) OBSERVATIONS (for BOTH):

8. K2SO4/Ba(NO3)2 (double displacement) OBSERVATIONS:

9. NaOH/HCl (double displacement) OBSERVATIONS:

QUESTIONS:

1. Which procedure(s) [#1 – #9] were NOT chemical reaction(s) as predicted above (there are two!)? Write the reaction(s) including physical states. How were you able to determine this (i.e. one is a physical change and one procedure did not react = no reaction)?

2. Which procedure(s) [#1 – #9] produced water(g) vapor (there are two possibilities!)? Write the reaction(s) including physical states. Which procedure resulted in a physical change?

3. Which procedure(s) [#1 – #9] produced a gas other than water(g) vapor (there are three!)? Write the reaction(s) including physical states. 4

. Which procedure(s) [#1 – #9] produced a solid from two non-solids (there are two!)? Write the reaction(s) including physical states.

5. Which procedure(s) [#1 – #9] produced heat (there is one!)? Write the reaction including physical states. 1/25/2018 9/9

6. Which procedure(s) [#1 – #9] produced copper metal (there is one!)? Write the reaction including physical states.

7. What is the difference between the denotations (aq) and (l)? Give a specific example of each one.

In: Chemistry

What sorts of mutational changes could occur in a gene for a cyclin-dependent kinase might lead...

  1. What sorts of mutational changes could occur in a gene for a cyclin-dependent kinase might lead to a cell becoming cancerous? Be as specific as you can as to what effect the mutational change would have on the kinase protein.

In: Biology

A spectrophotometer measures changes in absorbance of light over time. Species X has a molar absorptivity...

A spectrophotometer measures changes in absorbance of light over time. Species X has a molar absorptivity constant of 5.00x10^3cmM and the path of the cuvet that holds the mixture is 1.00 cm. Species X, a colored reactant, undergoes a first order decomposition reaction to form a colorless product. See data below.

[X] (M) absorbance time (min)
? 0.600 0.0
4.00x10^-5 0.200 35.0
3.00x10^-5 0.150 44.2
1.50x10^-5 0.075 ?

a. Calculate the initial concentration of the colored species

b. Using the values given for concentration and time, calculate the rate constant for the first order reaction, include units

c. How many minutes would it take for the absorbance to drop from 0.600 to 0.075

d. What is the half life of the reaction? Include units.

e. The rate constant for this reaction was calculated at various temperatures. Using this data, the graph (to the right) was produced. T stands for temperature.

i.) Label the vertical axis of the graph.

ii.) Explain how you would use this graph to calculate the activation energy.

*Graph is a basic quadrant 1, x-y graph, where the x-axis is labeled (1/T) and the y-axis isn't labeled, a straight line goes down from left to right

Thank you so much for your help, it's an AP Chemistry Ch. 12 FRQ Question and I don't know how to solve it.

In: Chemistry

Describe the changes in clotting and bleeding balance during disseminated intravascular coagulation (DIC). Describe the most...

Describe the changes in clotting and bleeding balance during disseminated intravascular coagulation (DIC).

Describe the most important blood coagulation tests used to monitor the patients receiving heparin and warfarin

In: Biology

What would the following changes to the federal taxation system have on income inequality: 3.Increase the...

What would the following changes to the federal taxation system have on income inequality:

3.Increase the federal payroll tax paid by employers by 1 percentage point for any worker the employer pays more than $200,000 in a calendar year.

In: Economics