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WorksheetsAccounting Computations
Total questions: 10
Worksheet time: 5mins
Calculate the depreciation expense for an asset with a cost of $10,000, salvage value of $1,000, and a useful life of 5 years using the straight-line method.
$1,800 per year
$1,200 per year
$1,500 per year
$2,000 per year
Determine the ending balance of accounts receivable if the beginning balance was $20,000, credit sales were $5,000, and cash collections were $3,000.
$25,000
$22,000
$4,000
$18,000
Compute the net income for a company with revenues of $50,000, expenses of $30,000, and taxes of $5,000.
$15,000
$25,000
$20,000
$10,000
Find the total assets of a company with liabilities of $20,000 and owner's equity of $30,000.
$50,000
$10,000
$40,000
$25,000
Calculate the inventory turnover ratio if the cost of goods sold is $50,000 and average inventory is $10,000.
10
5
2
7
Determine the current ratio for a company with current assets of $40,000 and current liabilities of $20,000.
0.5
3
2
1.5
Compute the earnings per share (EPS) for a company with a net income of $100,000 and 50,000 outstanding shares.
$3.50
$1.50
$2
$4
Find the return on assets (ROA) for a company with net income of $50,000 and total assets of $200,000.
0.35 or 35%
0.50 or 50%
0.15 or 15%
0.25 or 25%
Calculate the payback period for an investment with an initial cost of $10,000 and annual cash flows of $2,000.
5 years
3 years
7 years
10 years
Determine the present value of $5,000 to be received in 3 years at a discount rate of 8%.
$4,800.00
$4,500.00
$4,115.25
$5,200.00
