Examlex

Solved

Exhibit 10 STAR CORPORATION BALANCE SHEET
FISCAL YEAR ENDING 12/31/2004
(DOLIARS IN

question 34

Multiple Choice

Exhibit 10.2
Use the Information Below for the Following Problem(S)
STAR CORPORATION INCOME STATEMENT
FISCAL YEAR ENDING 12/31/2004
(DOLIARS IN THOUSANDS)
NetSalesCostofGoodsSoldGrossProfitMarginDepreciationOperatingExpenseAdministrativeExpenseOperatingProfitInterestProfitBeforeTaxTaxes$107570636930109129101297221$51\begin{array}{c}\begin{array}{lll}Net Sales\\Cost of Goods Sold\\Gross Profit Margin\\Depreciation\\Operating Expense\\Administrative Expense\\Operating Profit\\Interest\\Profit Before Tax\\Taxes\\\end{array}\begin{array}{lll}&&&\end{array}\begin{array}{r}\$ 1075 \\706 \\\hline 369 \\30 \\109 \\129 \\\hline 101 \\29 \\\hline 72 \\21 \\\hline \$ 51\\\end{array}\end{array}
STAR CORPORATION BALANCE SHEET
FISCAL YEAR ENDING 12/31/2004
(DOLIARS IN THOUSANDS)

AssetsCashAccounts receivableInventoryTotal current assetsNet fixed assetsTotal assets$69233348650886$1536LiabilitiesNotes payableAccounts payableAccrualsTotal current liabilitiesLong term debtCommon stock ($1.50 par) Paid in surplusRetained earningsTotal liabilities andStockholders’ equity$23114631408318111190509$1536\begin{array}{c}\begin{array}{lll}\text{Assets}\\\text{Cash}\\\text{Accounts receivable}\\\text{Inventory}\\\text{Total current assets}\\\text{Net fixed assets}\\\\\\\\\\\text{Total assets}\\\end{array}\begin{array}{r}\\\$ \quad 69 \\233 \\348 \\\hline 650 \\886 \\\hline\\\\\\\\\$ 1536\end{array}\begin{array}{lll}\text{Liabilities}\\\text{Notes payable}\\\text{Accounts payable}\\\text{Accruals}\\\text{Total current liabilities}\\\text{Long term debt}\\\text{Common stock (\$1.50 par) }\\\text{Paid in surplus}\\\text{Retained earnings}\\\text{Total liabilities and}\\\text{Stockholders' equity}\\\end{array}\begin{array}{r}\\\$ \quad 231 \\146 \\31 \\\hline 408 \\318 \\111 \\190 \\509 \\\hline\\\$1536\end{array}\end{array}
-Refer to Exhibit 10.2.What was Star's return on equity in 2004?


Definitions:

Sigmoidoscopy

A medical examination of the lower part of the large intestine using a flexible tube called a sigmoidoscope.

Large Intestine

The last part of the digestive system, responsible for water absorption and formation of feces.

Occult

Pertains to knowledge of the hidden or mysterious, often associated with supernatural practices or phenomena that are beyond the scope of normal scientific understanding.

Bleeding

The loss of blood from the body's circulatory system.

Related Questions