1.) Megna Company\'s net income last year was $188,000. Changes in the company\'

Question

1.) Megna Company's net income last year was $188,000. Changes in the company's balance sheet accounts for the year appear below:
   

(PLEASE SHOW WORK FOR RATING)

A. $180,500

B. $188,000

C. $270,000

D. $274,500

2.) Financial statements for Marcell Company appear below:

50

50

1,940

1,920

$2,590

$2,560

310

350

540

560

$1,050

$1,150

810

680

1,540

1,410

$2,590

$2,560

3,080

520

80

216

$504

(PLEASE SHOW WORK FOR RATING)

A. 1.27

B. 0.90

C. 0.63

D. 1.17

Increases
(Decreases)   Asset and Contra-Assets Accounts:     Cash $4,500     Accounts receivable $6,500     Inventory $(9,500)     Prepaid expenses $12,000     Long-term investments $88,500     Property, plant and equipment $79,500     Accumulated depreciation $86,500   Liability and Equity Accounts:     Accounts payable $21,500     Accrued liabilities $13,500     Income taxes payable $(30,500)     Bonds payable $(62,500)     Common stock $37,500     Retained earnings $116,500

Explanation / Answer

b and d

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