Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. as beacon company controller, you are responsible

As Beacon Company controller, you are responsible for informing the board of directors about its...

60.1K

Verified Solution

Question

Accounting

image
As Beacon Company controller, you are responsible for informing the board of directors about its financial activities. At the board meeting you present the following information, Sales trend percent Selling expenses to sales Sales to plant assets ratio Current ratio Acid-test ratio Inventory turnover Accounts receivable turnover Total asset turnover Return on total assets Return on stockholders' equity Profit margin ratio 2017 147.0% 10.19 3.8 to 1 29 to 1 1.1 101 7.8 times 70 times 2.9 times 10.4% 10.796 2016 135.0% 14.0% 3.6 to 1 2.7 to 1 1.4101 9.0 times 7.7 times 2.9 times 11.0 11.3% 3.84 2015 100.0% 15.6" 3.3 to 1 2.4 101 1.5 to 1 102 times 85 times 3.3 times 13.29 4.0 After the meeting the company's CEO holds a press conference with analysts in which she mentions the following ratios. 2017 2016 2015 147.0% 135.0% 100.096 Sales trend percent Selling expenses to Sales Sales to plant assets Tato Current ratio 10.14 14.09 15.6% 3.8 to 136 tot 3.3 to ! 2.9 0 1 27.101 240 Required 1. Why do you think the CEO decided to report 4 ratios instead of the 11 prepared? 2 Comment on the possible consequences of the CEO's reporting of the ratios selected

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

In the Mega Million Lottery, you pick five numbers from 1 – 75 AND one number from...

Advance Math
1.2K views

A = ? 1 2 0 ? | -1 0 1 | ? 0 1 -1 ? and B = ? 1/3 -2/3 -2/3 ? | 1/3 1/3 1/3 | ? 1/3 1/3 -2/3 ? Given matrices A and B, find AB and BA. Show all work. Are they equal,...

Accounting
1.2K views

Accounting: Public Sector Auditing Judge Learned Hand, in discussing "degree of care" in connection with the standard...

Biology
1.2K views

Which of the following groups contains the Add Shape option in MS PowerPoint 2013 O...

Basic Math
1.2K views

cm 1 1 pts Your width measurement cm 2 3 From the procedure 2 Calculate...

Basic Math
1.2K views

A certain skincare company's profit in millions of dollars, P(t), can be modeled by the...

Calculus
1.2K views

4 One of the roots of the polynomial P z z 4z3 3z 10z 50...

Calculus
1.2K views

Consider the function f x x e6 f x has two inflection points at x...

Calculus
1.2K views

Use the given graph of the function f to answer the following questions Answer Formats...

Accounting
1.2K views

urgent plz A chart of accounts is a list...

Accounting
1.2K views

S Roth Service Company experienced the following transactions for Year 1, its first year of...

Finance
1.2K views

Question #1a - Jeremy Roberts purchases a condo with a mortgage loan of $50,000. Calculate...