Norton Industries, a manufacturer of cable for the heavy construction industry, closes its books and prepares financial statements at the end of each month. The statement of cost of goods sold for April follows: NORTON INDUSTRIES
Statement of Cost of Goods Sold
For the Month Ended April 30
($000 omitted)
Finished goods inventory, March 31 $ 50
Cost of goods manufactured 790
Cost of goods available for sale $ 840
Less: Finished goods inventory, April 30 247
Cost of goods sold $ 593
Additional Information
1. Of the utilities, 80% relates to manufacturing the cable; the remaining 20% relates to the sales and administrative functions. All rent is for the office building.
2. Property taxes are assessed on the manufacturing plant.
3. Of the insurance, 60% is related to manufacturing the cable; the remaining 40% is related to the sales and administrative functions.
4. Depreciation expense includes the following:
Manufacturing plant$20,000
Manufacturing equipment30,000
Office equipment 4,000
$54,000
The company manufactured 7,825 tons of cable during May.
The inventory balances at May 31, follow:
Materials Inventory $23,000
Work-in-Process Inventory $220,000
Finished Goods Inventory $175,000

You are the manager of a firm that produces output in two plants. the demand for your firm's product is p = 20 − q, where q = q1 + q2. the marginal costs associated with producing in the two plants are mc1 = 2 and mc2 = 2q2. how much output should be produced in plant 1 in order to maximize profits?

The blank is type of decision-maker who over analyzes information

Eagle sporting goods reported the following data at july ​31, 2016​, with amounts adapted in​ thousands: ​(click the icon to view the income​ statement.) ​(click the icon to view the statement of retained​ earnings.) ​(click the icon to view the balance​ sheet.) 1. compute eagle​'s net working capital. 2. compute eagle​'s current ratio. round to two decimal places. 3. compute eagle​'s debt ratio. round to two decimal places. do these values and ratios look​ strong, weak or​ middle-of-the-road? 1. compute eagle​'s net working capital. total current assets - total current liabilities = net working capital 99400 - 30000 = 69400 2. compute eagle​'s current ratio. ​(round answer to two decimal​ places.) total current assets / total current liabilities = current ratio 99400 / 30000 = 3.31 3. compute eagle​'s debt ratio. ​(round answer to two decimal​ places.) total liabilities / total assets = debt ratio 65000 / 130000 = 0.50 do these ratio values and ratios look​ strong, weak or​ middle-of-the-road? net working capital is ▾ . this means ▾ current assets exceed current liabilities current liabilities exceed current assets and is a ▾ negative positive sign. eagle​'s current ratio is considered ▾ middle-of-the-road. strong. weak. eagle​'s debt ratio is considered ▾ middle-of-the-road. strong. weak. choose from any list or enter any number in the input fields and then continue to the next question.