Preparing a corporate balance sheet, and measuring profitability The following accounts and December 31, 2012, balances of Georgia Optical Corporation are arranged in no particular order. 11eb8258_956f_ff62_bb02_bdf078d0c8b2_SM1625_00 11eb8258_956f_ff63_bb02_63d1fa41fc40_SM1625_00 Requirements 1. Prepare the company's classified balance sheet in account format at December 31, 2012. 2. Compute Georgia 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 37

Preparing a corporate balance sheet, and measuring profitability
The following accounts and December 31, 2012, balances of Georgia 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 Georgia 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

This exercise requires application of th...