The debt to assets ratio for 2014 is __________. The working capital for 2014 is __________. The earnings per share for 2014 is __________. Solutions Achievement Test 1: Chapters 1 and 2 — PART I MULTIPLE CHOICE (42 points) — 1. c 4. a 7. c 10. a 13. a 2. d 5. c 8. a 11. c 14. b 3. b 6. a 9. c 12. a PART II MATCHING: FINANCIAL STATEMENT ANALYSIS (8 points) — 1. I 5. D 2. G 6. F 3. C 7. B 4. H 8. A PART III SHORT PROBLEMS (10 points) — 1. Ending stockholders’ equity, 12/31/14 $ 87,000 Beginning stockholders’ equity, 1/1/14 (84,000) Increase in stockholders’ equity 3,000 Dividends paid during 2014 36,000 39,000 Investments during 2014 (12,000) Net income in 2014 $ 27,000
The debt to assets ratio for 2014 is __________. The working capital for 2014 is __________. The earnings per share for 2014 is __________. Solutions — Achievement Test 1: Chapters 1 and 2 PART I — MULTIPLE CHOICE (42 points) 1. c 4. a 7. c 10. a 13. a 2. d 5. c 8. a 11. c 14. b 3. b 6. a 9. c 12. a PART II — MATCHING: FINANCIAL STATEMENT ANALYSIS (8 points) 1. I 5. D 2. G 6. F 3. C 7. B 4. H 8. A PART III — SHORT PROBLEMS (10 points) 1. Ending stockholders’ equity, 12/31/14 $ 87,000 Beginning stockholders’ equity, 1/1/14 (84,000) Increase in stockholders’ equity 3,000 Dividends paid during 2014 36,000 39,000 Investments during 2014 (12,000) Net income in 2014 $ 27,000
test-bank-accounting-5th-edition-kimmel.docx