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ACC 290 Week 2 Answers Guide: BYP2-2, IFRS2-6, E3-4, E3-8, and More!

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Description

ACC 290 Week 2 Solutions

Welcome to your comprehensive guide to Textbook and WileyPlus solutions in ACC 290 Week 2. This product is an excel spreadsheet with answers, explanations, and calculations for every financial accounting problem listed below. 

What's Included in the ACC 290 Week 2 Study Guide?

  • Detailed Solutions to the following problems:
    • BYP 2-2 Tootsie Roll and Hershey
    • IFRS 2-6 Cole Bowling Alley
    • E3-4 Cowlaw Company
    • E3-8 Crofoot Real Estate Agency
    • E3-10 Crofoot Real Estate Agency
    • BYP3-2 Tootsie Roll and Hershey
    • IFRS 3-2 Zetar plc
    • P3-5A Foyle Architects
    • P3-6A Solis Company
  • All Work Shown
  • Textbook: Financial Accounting 7th edition and WileyPlus
  • Fully Updated for 2014-15 Academic Year
  • Unlimited Support from ACC Nerd Accounting Experts 

Preview of Answers

Broadening Your Perspective 2-2

The financial statements for the Hershey Company and Tootsie Roll Industries are presented below. For each company calculate the following values for 2011. 

Working Capital 2011

Calculations

Solution

Hershey

2046558 - 1173775

$872,783.00

Tootsie Roll

212201 - 58355

$153,846.00

ACCNERD Tip: Working Capital = Current Assets - Current Liabilities

Current Ratio 2011

Calculations

Solution

Hershey

2046558 / 1173775

1.7

Tootsie Roll

212201 / 58355

3.6

ACCNERD Tip: Current Ratio = Current Assets / Current Liabilities

Debt to Assets Ratio 2011

Calculations

Solution

Hershey

3539551 / 4412199

80.2%

Tootsie Roll

191921 / 857856

22.4%

ACCNERD Tip: Debt to Assets = Total Liabilities / Total Assets

 

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