Using Financial Accounting Information The Alternative to Debits & Credits
by Porter, Gary A.; Norton, Curtis L.Edition: 5th
Format: Hardcover
Pub. Date: 2007-02-21
Publisher(s): South-Western College Pub
Other versions by this Author
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Summary
USING FINANCIAL ACCOUNTING INFORMATION is a user-oriented text known for its strong decision-making focus, and the incorporation of flagship companies within a more traditional, balance sheet organization. Transactions, which as presented in a spreadsheet (accounting equation) format, are used to help students gain a better conceptual understanding of their impact on financial information.
Table of Contents
| Introduction: Getting Started in Business | p. 2 |
| The Finish Line, Inc.: Making Business Decisions | p. 3 |
| What Is Business? | p. 4 |
| Forms of Organization | p. 5 |
| Business Entities | p. 5 |
| Nonbusiness Entities | p. 7 |
| Organizations and Social Responsibility | p. 7 |
| The Nature of Business Activity | p. 7 |
| Financing Activities | p. 7 |
| Investing Activities | p. 8 |
| Operating Activities | p. 8 |
| Starting Your Study of Accounting | p. 9 |
| Accounting as a Form of Communication | p. 12 |
| The Finish Line, Inc.: Making Business Decisions | p. 13 |
| What Is Accounting? | p. 14 |
| Users of Accounting Information and Their Needs | p. 15 |
| Internal Users | p. 15 |
| External Users | p. 15 |
| Using Financial Accounting Information | p. 16 |
| Using the Ratio Decision Model: A Financial Decision Framework | p. 17 |
| Financial Statements: How Accountants Communicate | p. 18 |
| The Accounting Equation | p. 18 |
| The Balance Sheet | p. 18 |
| The Income Statement | p. 19 |
| The Statement of Retained Earnings | p. 20 |
| The Statement of Cash Flows | p. 21 |
| Relationships Among the Financial Statements | p. 22 |
| Looking at Financial Statements for a Real Company: Finish Line | p. 23 |
| Finish Line's Balance Sheet | p. 23 |
| Finish Line's Income Statement | p. 23 |
| The Conceptual Framework: Foundation for Financial Statements | p. 26 |
| Conceptual Framework for Accounting | p. 26 |
| Economic Entity Concept | p. 26 |
| Cost Principle | p. 26 |
| Going Concern | p. 26 |
| Time Period Assumption | p. 27 |
| Generally Accepted Accounting Principles | p. 27 |
| Accounting as a Social Science | p. 27 |
| Who Determines the Rules of the Game? | p. 28 |
| Introduction to Ethics in Accounting | p. 28 |
| Accountants and Ethical Judgments | p. 31 |
| The Changing Face of the Accounting Profession | p. 31 |
| The Accounting Profession | p. 32 |
| Employment by Private Business | p. 32 |
| Employment by Nonbusiness Entities | p. 33 |
| Employment in Public Accounting | p. 33 |
| Accountants in Education | p. 35 |
| Accounting as a Career | p. 35 |
| Each chapter contains some or all of the following end-of-chapter material | |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| Financial Statements and the Annual Report | p. 58 |
| The Finish Line, Inc.: Making Business Decisions | p. 59 |
| What Financial Statements Tell about a Business | p. 61 |
| Objectives of Financial Reporting | p. 61 |
| The Primary Objective of Financial Reporting | p. 61 |
| Secondary Objectives of Financial Reporting | p. 62 |
| What Makes Accounting Information Useful? Qualitative Characteristics | p. 62 |
| Understandability | p. 63 |
| Relevance | p. 63 |
| Reliability | p. 63 |
| Comparability and Consistency | p. 64 |
| Materiality | p. 64 |
| Conservatism | p. 65 |
| Financial Reporting: An International Perspective | p. 65 |
| Looking at Financial Statements | p. 66 |
| What Are the Parts of the Balance Sheet? Understanding the Operating Cycle | p. 66 |
| The Classified Balance Sheet | p. 67 |
| Current Assets | p. 67 |
| Noncurrent Assets | p. 68 |
| Current Liabilities | p. 69 |
| Long-Term Liabilities | p. 70 |
| Stockholders' Equity | p. 70 |
| Using a Classified Balance Sheet: Introduction to Ratios | p. 71 |
| Working Capital | p. 71 |
| Current Ratio | p. 72 |
| The Income Statement | p. 73 |
| What Appears on the Income Statement? | p. 73 |
| Format of the Income Statement | p. 73 |
| Using an Income Statement | p. 76 |
| The Statement of Retained Earnings | p. 76 |
| The Statement of Cash Flows | p. 77 |
| Looking at Financial Statements for a Real Company: The Finish Line, Inc. | p. 78 |
| Finish Line's Condensed Balance Sheet | p. 79 |
| Using the Ratio Decision Model: Analyzing the Current Ratio | p. 80 |
| Finish Line's Income Statement | p. 81 |
| Using the Ratio Decision Model: Analyzing the Profit Margin | p. 82 |
| Other Elements of an Annual Report | p. 82 |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| Processing Accounting Information | p. 104 |
| Foot Locker, Inc.: Making Business Decisions | p. 105 |
| Economic Events: The Basis for Recording Transactions | p. 106 |
| External and Internal Events | p. 106 |
| The Role of Source Documents in Recording Transactions | p. 107 |
| Analyzing the Effects of Transactions on the Accounting Equation | p. 107 |
| Balance Sheet and Income Statement for Glengarry Health Club | p. 111 |
| What Is an Account? | p. 113 |
| Chart of Accounts | p. 113 |
| The General Ledger | p. 113 |
| Processing Accounting Information | p. 114 |
| Accounting Tools: The Double-Entry System | p. 116 |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| Income Measurement and Accrual Accounting | p. 152 |
| Foot Locker, Inc.: Making Business Decisions | p. 153 |
| Recognition and Measurement in Financial Statements | p. 155 |
| Recognition | p. 155 |
| Measurement | p. 155 |
| Summary of Recognition and Measurement in Financial Statements | p. 157 |
| The Accrual Basis of Accounting | p. 157 |
| Comparing the Cash and Accrual Bases of Accounting | p. 157 |
| What the Income Statement and the Statement of Cash Flows Reveal | p. 158 |
| Accrual Accounting and Time Periods | p. 159 |
| The Revenue Recognition Principle | p. 160 |
| Expense Recognition and the Matching Principle | p. 161 |
| Accrual Accounting and Adjustments | p. 163 |
| Types of Adjustments | p. 163 |
| Accruals and Deferrals | p. 168 |
| Summary of Adjustments | p. 169 |
| Comprehensive Example of Adjustments | p. 170 |
| Adjustments at the End of January | p. 170 |
| Income Statement and Balance Sheet for Duffy Transit | p. 172 |
| Ethical Considerations for a Company on the Accrual Basis | p. 173 |
| The Accounting Cycle | p. 174 |
| The Use of a Work Sheet | p. 175 |
| The Closing Process | p. 175 |
| Interim Financial Statements | p. 175 |
| Integrative Problem | p. 200 |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| Inventories and Cost of Goods Sold | p. 202 |
| The Finish Line, Inc.: Making Business Decisions | p. 203 |
| The Nature of Inventory | p. 204 |
| Three Types of Inventory Cost and Three Forms of Inventory | p. 205 |
| The Income Statement for a Merchandiser | p. 206 |
| Net Sales of Merchandise | p. 207 |
| Sales Returns and Allowances | p. 207 |
| Credit Terms and Sales Discounts | p. 208 |
| The Cost of Goods Sold | p. 208 |
| The Cost of Goods Sold Model | p. 208 |
| Inventory Systems: Perpetual and Periodic | p. 210 |
| Beginning and Ending Inventories in a Periodic System | p. 211 |
| The Cost of Goods Purchased | p. 211 |
| The Gross Profit Ratio | p. 215 |
| Using the Ratio Decision Model: Analyzing the Gross Profit Ratio | p. 216 |
| Inventory Valuation and the Measurement of Income | p. 217 |
| Inventory Costs: What Should Be Included? | p. 217 |
| Inventory Costing Methods with a Periodic System | p. 218 |
| Specific Identification Method | p. 219 |
| Weighted Average Cost Method | p. 220 |
| First-in, First-out Method (FIFO) | p. 220 |
| Last-in, First-out Method (LIFO) | p. 221 |
| Selecting an Inventory Costing Method | p. 221 |
| Costing Methods and Cash Flow | p. 222 |
| LIFO Liquidation | p. 223 |
| The LIFO Conformity Rule | p. 223 |
| The LIFO Reserve: Estimating LIFO's Effect on Income and on Taxes Paid | p. 224 |
| Costing Methods and Inventory Profits | p. 224 |
| Changing Inventory Methods | p. 225 |
| Inventory Valuation in Other Countries | p. 225 |
| Inventory Errors | p. 226 |
| Valuing Inventory at Lower of Cost or Market | p. 229 |
| Why Replacement Cost Is Used as a Measure of Market | p. 229 |
| Conservatism Is the Basis for the Lower-of-Cost-or-Market Rule | p. 230 |
| Application of the LCM Rule | p. 231 |
| Methods for Estimating Inventory Value | p. 231 |
| Gross Profit Method | p. 231 |
| Retail Inventory Method | p. 233 |
| Analyzing the Management of Inventory | p. 233 |
| Using the Ratio Decision Model: Analyzing the Management of Inventory | p. 234 |
| How Inventories Affect the Cash Flows Statement | p. 235 |
| Accounting Tools: Inventory Costing Methods with the Use of a Perpetual Inventory System | p. 236 |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| Cash and Internal Control | p. 270 |
| The Finish Line, Inc.: Making Business Decisions | p. 271 |
| What Constitutes Cash? | p. 272 |
| Cash Equivalents and the Statement of Cash Flows | p. 272 |
| Control over Cash | p. 273 |
| Cash Management | p. 273 |
| Reading a Bank Statement | p. 273 |
| The Bank Reconciliation | p. 276 |
| The Bank Reconciliation and the Need for Adjustments to the Records | p. 278 |
| Establishing a Petty Cash Fund | p. 278 |
| An Introduction to Internal Control | p. 279 |
| The Sarbanes-Oxley Act of 2002 | p. 279 |
| The Control Environment | p. 282 |
| The Accounting System | p. 282 |
| Internal Control Procedures | p. 283 |
| Limitations on Internal Control | p. 284 |
| Computerized Business Documents and Internal Control | p. 285 |
| Control over Cash Receipts | p. 286 |
| The Role of Computerized Business Documents in Controlling Cash Disbursements | p. 287 |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| Investments and Receivables | p. 304 |
| Apple Computer Company: Making Business Decisions | p. 305 |
| Accounting for Investments | p. 306 |
| Investments in Highly Liquid Financial Instruments | p. 307 |
| Investing Idle Cash | p. 307 |
| Accounting for an Investment in a Certificate of Deposit (CD) | p. 307 |
| Investments in Stocks and Bonds | p. 308 |
| Accounts Receivable | p. 310 |
| The Use of a Subsidiary Ledger | p. 310 |
| The Valuation of Accounts Receivable | p. 311 |
| Two Methods to Account for Bad Debts | p. 311 |
| Write-Offs of Uncollectible Accounts with the Allowance Method | p. 312 |
| Two Approaches to the Allowance Method of Accounting for Bad Debts | p. 313 |
| The Accounts Receivable Turnover Ratio | p. 316 |
| Using the Ratio Decision Model: Analyzing the Accounts Receivable Rate of Collection | p. 316 |
| Notes Receivable | p. 318 |
| Important Terms Connected with Promissory Notes | p. 318 |
| Accelerating the Inflow of Cash from Sales | p. 320 |
| Credit Card Sales | p. 320 |
| Discounting Notes Receivable | p. 321 |
| How Liquid Assets Affect the Statement of Cash Flows | p. 321 |
| Accounting for Investments in Stocks and Bonds | p. 323 |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| Operating Assets: Property, Plant, and Equipment, Natural Resources, and Intangibles | p. 348 |
| Nike: Making Business Decisions | p. 349 |
| Operating Assets: Property, Plant, and Equipment | p. 350 |
| Balance Sheet Presentation | p. 350 |
| Acquisition of Property, Plant, and Equipment | p. 351 |
| Use and Depreciation of Property, Plant, and Equipment | p. 353 |
| Capital versus Revenue Expenditures | p. 358 |
| Environmental Aspects of Operating Assets | p. 360 |
| Disposal of Property, Plant, and Equipment | p. 360 |
| Operating Assets: Natural Resources | p. 361 |
| Balance Sheet Presentation | p. 361 |
| Depletion of Natural Resources | p. 361 |
| Operating Assets: Intangible Assets | p. 362 |
| Balance Sheet Presentation | p. 363 |
| Acquisition Cost of Intangible Assets | p. 364 |
| Amortization of Intangibles | p. 365 |
| How Long-Term Assets Affect the Statement of Cash Flows | p. 367 |
| Analyzing Long-Term Assets for Average Life and Asset Turnover | p. 368 |
| Using the Ratio Decision Model: Analyzing Average Life and Asset Turnover | p. 369 |
| Integrative Problem | p. 389 |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| Current Liabilities, Contingencies, and the Time Value of Money | p. 392 |
| Jacuzzi: Making Business Decisions | p. 393 |
| Current Liabilities | p. 395 |
| Accounts Payable | p. 396 |
| Notes Payable | p. 396 |
| Current Maturities of Long-Term Debt | p. 398 |
| Taxes Payable | p. 398 |
| Other Accrued Liabilities | p. 398 |
| Reading the Statement of Cash Flows for Changes in Current Liabilities | p. 399 |
| Contingent Liabilities | p. 401 |
| Contingent Liabilities That Are Recorded | p. 401 |
| Contingent Liabilities That Are Disclosed | p. 402 |
| Contingent Liabilities versus Contingent Assets | p. 404 |
| Time Value of Money Concepts | p. 405 |
| Simple Interest | p. 406 |
| Compound Interest | p. 406 |
| Interest Compounding | p. 406 |
| Future Value of a Single Amount | p. 407 |
| Present Value of a Single Amount | p. 409 |
| Future Value of an Annuity | p. 410 |
| Present Value of an Annuity | p. 412 |
| Solving for Unknowns | p. 413 |
| Accounting Tools: Payroll Accounting | p. 419 |
| Accounting Tools: Using Excel for Problems Involving Interest Calculations | p. 423 |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| Long-Term Liabilities | p. 454 |
| Coca-Cola: Making Business Decisions | p. 455 |
| Balance Sheet Presentation | p. 457 |
| Bonds Payable | p. 458 |
| Characteristics of Bonds | p. 458 |
| Issuance of Bonds | p. 460 |
| Factors Affecting Bond Price | p. 460 |
| Premium or Discount on Bonds | p. 462 |
| Bond Amortization | p. 464 |
| Redemption of Bonds | p. 467 |
| Liability for Leases | p. 469 |
| Leases | p. 469 |
| Analyzing Debt to Assess a Firm's Ability to Pay Its Liabilities | p. 473 |
| How Long-Term Liabilities Affect the Statement of Cash Flows | p. 474 |
| Using the Ratio Decision Model: Analyzing the Debt-to-Equity and Times Interest Earned Ratios | p. 474 |
| Accounting Tools: Other Liabilities | p. 476 |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| Stockholders' Equity | p. 498 |
| Jacuzzi: Making Business Decisions | p. 499 |
| An Overview of Stockholders' Equity | p. 500 |
| Equity as a Source of Financing | p. 500 |
| Stockholders' Equity on the Balance Sheet | p. 501 |
| How Income and Dividends Affect Retained Earnings | p. 502 |
| Identifying the Components of the Stockholders' Equity Section of the Balance Sheet | p. 502 |
| What Is Preferred Stock? | p. 505 |
| Issuance of Stock | p. 506 |
| Stock Issued for Cash | p. 506 |
| Stock Issued for Noncash Consideration | p. 506 |
| What Is Treasury Stock? | p. 507 |
| Retirement of Stock | p. 508 |
| Dividends: Distribution of Income to Shareholders | p. 509 |
| Cash Dividends | p. 509 |
| Cash Dividends for Preferred and Common Stock | p. 509 |
| Stock Dividends | p. 510 |
| Stock Splits | p. 512 |
| Statement of Stockholders' Equity | p. 513 |
| What Is Comprehensive Income? | p. 514 |
| What Analyzing Stockholders' Equity Reveals About a Firm's Value | p. 516 |
| Book Value per Share | p. 516 |
| Using the Ratio Decision Model: Analyzing Book Value per Share | p. 516 |
| Calculating Book Value When Preferred Stock Is Present | p. 518 |
| Market Value per Share | p. 519 |
| How Changes in Stockholders' Equity Affect the Statement of Cash Flows | p. 519 |
| Accounting Tools: Unincorporated Businesses | p. 521 |
| Integrative Problem | p. 547 |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| The Statement of Cash Flows | p. 550 |
| Best Buy: Making Business Decisions | p. 551 |
| Cash Flows and Accrual Accounting | p. 553 |
| Purpose of the Statement of Cash Flows | p. 554 |
| An Example | p. 554 |
| Reporting Requirements for a Statement of Cash Flows | p. 555 |
| The Definition of Cash: Cash and Cash Equivalents | p. 556 |
| Classification of Cash Flows | p. 557 |
| Two Methods of Reporting Cash Flow from Operating Activities | p. 560 |
| Noncash Investing and Financing Activities | p. 562 |
| How the Statement of Cash Flows Is Put Together | p. 564 |
| The Accounting Equation and the Statement of Cash Flows | p. 564 |
| An Approach to Preparing the Statement of Cash Flows: Direct Method | p. 565 |
| An Approach to Preparing the Statement of Cash Flows: Indirect Method | p. 575 |
| Comparison of the Indirect and Direct Methods | p. 576 |
| The Use of Cash Flow Information | p. 577 |
| Creditors and Cash Flow Adequacy | p. 577 |
| Using the Ratio Decision Model: Analyzing Cash Flow Adequacy | p. 578 |
| Stockholders and Cash Flow per Share | p. 580 |
| Accounting Tools: A Work-Sheet Approach to the Statement of Cash Flows | p. 580 |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| Financial Statement Analysis | p. 612 |
| Wm. Wrigley Jr. Company: Making Business Decisions | p. 613 |
| Precautions in Statement Analysis | p. 614 |
| Watch for Alternative Accounting Principles | p. 614 |
| Take Care When Making Comparisons | p. 614 |
| Understand the Possible Effects of Inflation | p. 615 |
| Analysis of Comparative and Common-Size Statements | p. 616 |
| Horizontal Analysis | p. 616 |
| Vertical Analysis | p. 621 |
| Liquidity Analysis and the Management of Working Capital | p. 623 |
| Working Capital | p. 623 |
| Current Ratio | p. 624 |
| Acid-Test Ratio | p. 624 |
| Cash Flow from Operations to Current Liabilities | p. 625 |
| Accounts Receivable Analysis | p. 626 |
| Inventory Analysis | p. 627 |
| Cash Operating Cycle | p. 628 |
| Solvency Analysis | p. 628 |
| Debt-to-Equity Ratio | p. 628 |
| Times Interest Earned | p. 629 |
| Debt Service Coverage | p. 629 |
| Cash Flow from Operations to Capital Expenditures Ratio | p. 630 |
| Profitability Analysis | p. 631 |
| Rate of Return on Assets | p. 631 |
| Components of Return on Assets | p. 632 |
| Return on Common Stockholders' Equity | p. 633 |
| Return on Assets, Return on Equity, and Leverage | p. 633 |
| Earnings per Share | p. 634 |
| Price/Earnings Ratio | p. 635 |
| Dividend Ratios | p. 636 |
| Summary of Selected Financial Ratios | p. 636 |
| Accounting Tools: Reporting and Analyzing Other Income Statement Items | p. 638 |
| Integrative Problem | p. 671 |
| Study Highlights | |
| Ratio Review | |
| Accounts Highlighted | |
| Key Terms Quiz | |
| Alternate Terms | |
| Warmup Exercises & Solutions | |
| Review Problem & Solution | |
| Questions | |
| Exercises | |
| Multi-Concept Exercises | |
| Problems | |
| Multi-Concept Problems | |
| Alternate Problems | |
| Alternate Multi-Concept Problems | |
| Decision Cases | |
| Solutions to Key Terms Quiz | |
| Excerpts from the Finish Line, Inc., Form 10-K for 2006 | p. A-1 |
| Excerpts from Foot Locker, Inc., Form 10-K for 2005 | p. B-1 |
| Glossary | p. G-1 |
| Comprehensive Index | p. I-1 |
| Table of Contents provided by Ingram. All Rights Reserved. |
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