Order Number |
7876787989809 |
Type of Project |
ESSAY |
Writer Level |
PHD VERIFIED |
Format |
APA |
Academic Sources |
10 |
Page Count |
3-12 PAGES |
Instructions:
Visit one of the following online resources:
Global Edge (By Industry) or (visit the company’s website)
Calculate the following ratios for Dick’s Sporting Goods
Liquidity Ratios:
Current Ratio
Quick Ratio
Leverage Ratios
Debt-to-Total-Assets Ratio
Debt-to-Equity Ratio
Long-Term Debt-to-Equity Ratio
Times-Interest-Earned Ratio
Activity Ratios
Inventory Turnover
Fixed Assets Turnover
Accounts Receivable Turnover
Average Collection Period
Profitability Ratios
Gross Profit Margin
Operating Profit Margin
Return on Total Assets
Return on Stockholders’ Equity
Earnings Per Share
Price-Earnings Ratio
What do ratios calculated communicate about the financial strengths and weaknesses of Dick’s Sporting Goods?
Based on your calculations, would you invest in Dick’s Sporting Goods, why or why not?
Financial Accounting Discussion
two different documents use word from financial accounting book:
first instructions:
Picasso Graphics is a graphics arts design consulting firm. Pablo Taylor, its treasurer and vice president of finance, has prepared a classified balance sheet as of July 31, 2016, the end of its fiscal year. This balance sheet will be submitted with Picasso Graphics’ loan application to Paris Trust & Savings Bank.
In the Current Assets section of the balance sheet, Pablo reported a $56,000 receivable from Becky Holt, the president of Picasso Graphics, as a trade accounts receivable. Becky borrowed the money from Picasso Graphics in January 2014 for a down payment on a new home. She has orally assured Pablo that she will pay off the account receivable within the next year. Pablo reported the $56,000 in the same manner on the preceding year’s balance sheet.
Required: Evaluate whether it is acceptable for Pablo to prepare the July 31, 2016 balance sheet in this manner. Describe reasons given in the textbook on how loans to corporate officers should be handled (2-3 paragraphs).
Second instructions:
In February of 2010 the SEC announced a new time line calling for publicly traded companies to switch from GAAP to a different set of accounting standards, called IFRS, by 2015. Now that it is 2017, do some research on the impact this switch will have on US companies. Based on your research, what are the key advantages and major challenges associated with making the proposed switch?
Required: 2 paragraphs outlining the advantages and disadvantages.