The following financial information is for Wildhorse Company.

Additional information:

(a1)

Compute the liquidity and profitability ratios of Wildhorse Company for 2016 and 2017. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%. If % change is a decrease show the numbers as negative, e.g. -1.83% or (1.83%).)

(b)

Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2017, and (2) as of December 31, 2018, after giving effect to the situation. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%. If % change is a decrease show the numbers as negative, e.g. -1.83% or (1.83%).)

1. Preparation of financial statements

Using the Adjusted Trial Balance shown below, prepare the company’s:

(a)   Income Statement

(b)   Statement of Retained Earnings

(c)    Balance Sheet

by completing the tables provided on the following pages.

#2   Below is a series of accounts for the Whitman Company, numbered for identification. Following the accounts is a series of transactions. For each transaction, indicate the account(s) that should be debited and credited in the required journal entry(s) by entering the appropriate account number(s) to the right of each transaction.

Hints:   Transactions B, C, D each have only one debit and one credit.

              Transaction A had 2 debits and 2 credits.

            Transaction E has one debit and three credits.

3  

On Jan 1, Bike Mart had a beginning inventory of 20 bicycles which it purchased for $350 each.

During January, the company purchases four more bicycles for $400 each. None were sold in January.

On February 15, the company purchases five more bicycles for $450 each.

Between February 16 and 28, Bike Mart sells 10 of these bicycles.

a.) Calculate Bike Mart’s Ending Inventory Balance (in dollars) at the end of February and Cost of Goods Sold through February using the FIFO Method. (show all work.)

b.) Calculate Bike Mart’s Ending Inventory Balance (in dollars) at the end of February and Cost of Goods Sold through February using the Weighted Average Method. (show all work.)

c.) At the end of February, will Bike Mart’s Net Income (profits) on its Income Statement be higher if it uses the FIFO or Weighted Average Inventory Method? Why?

4. Describe the changes made by ASU No. 2016-14 5. Describe the Accounting for donated services    6. Describe the accounting for contributions to collections

Do an order of magnitude estimate for building a new catalytic cracking plant in the Middle East with a capacity of 5000 metric tons/year in 2016.

What is ASU 2016-01 and what is its impact on the company’s reporting of its AFS securities? How might this impact the company’s earnings?

“Whistle-Blower Suit Accuses Visiting Nurse Service of Fraud” New York Times 23 Sept. 2016

What is this article about?

scenario; imagine DHCP has been installed in the window server 2016,

Question: how to verify that the DHCP has been installed correctly?

Complete the following assignment in C programming language.

1. Get the user’s first name and store it to a char array
   • Declare a character array to hold at least 20 characters.
   • Ask for the user’s first name and store the name into your char array.
   • Hint: Use %s for scanf. %s will only scan one word and cannot scan a name with spaces.
2. Get 3 exam scores from the user:
   • Declare an array of 3 integers
   • Assume the scores are out of 100, and use a for loop to get user’s input
   • Your prompts should print out which exam score you are asking for:
     1. Example: “What is the score of Exam #1?” … “What is the score of Exam #3?”
   • Warning: Be careful of your array indexes!
3. Find out the average exam score:
   • Use a for loop to calculate the sum of all exams.
   • Divide the sum by 3 to get the average and store the is data in a variable.
4. Print out the summary for the use similar to:
   • “Hello NAME, based on your exam score of 80, 90, and 100, your average is 90.0 with a letter of an ‘A.’”