Preparing a corporate balance sheet and measuring profitability The following accounts and December 31, 2012, balances of New Jersey Optical Corporation are arranged in no particular order. 11eb8258_956b_6b55_bb02_9554de929ad5_SM1625_00 11eb8258_956b_6b56_bb02_5b94b9fe581f_SM1625_00 Requirements 1. Prepare the company's classified balance sheet in account format at December 31, 2012. 2. Compute New Jersey Optical's rate of return on total assets and rate of return on common stockholders' equity for the year ended December 31, 2012. 3. Do these rates of return suggest strength or weakness Give your reasoning.

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

النسخة 3الرقم المعياري الدولي: 978-0132962339

Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

النسخة 3الرقم المعياري الدولي: 978-0132962339

تمرين 9

Preparing a corporate balance sheet and measuring profitability
The following accounts and December 31, 2012, balances of New Jersey Optical Corporation are arranged in no particular order.

Requirements
1. Prepare the company's classified balance sheet in account format at December 31, 2012.
2. Compute New Jersey Optical's rate of return on total assets and rate of return on common stockholders' equity for the year ended December 31, 2012.
3. Do these rates of return suggest strength or weakness Give your reasoning.

التوضيح

موثّق

2.
Step 1. Read the exercise.
Step 2. ...