Financial Statements Research Activity (1)

Course Material: Introduction to Accounting Financial Statements, Income Statements Your company has the following balance sheet (3 full-time, 4 part-time workers) Construct a NEW balance sheet and income statement Balance Sheet should show totals for current, long-term and total assets and liabilities & equity Current Month Balance Sheet: Assets: Cash Supplies Inventory Total Current Assets Fixed Assets Total Long-Term Assets Total Assets Liabilities and Owner Equity Accounts Payable Wages Payable Owner's Equity Total liabilities and equity NOW, these transactions occur over the next month: Cash Revenue Tips given to employees by customers Ending Supplies Inventory Purchased Supplies Paid out in cash for wages Wages Payable Quarterly rental fee (3 months) Depreciation of fixed asset $ 550.00 $ 320.00 $ 870.00 $ 3,200.00 $ 3,200.00 $ 4,070.00 $ 215.00 $ 750.00 $ 3,105.00 $ 4,070.00 Notes: $ 2,350.00 $ 500.00 Income $ $ $ 300.00 Used Cash 275.00 Can be used within a year 1,500.00…

Please analyze, assess, and synthesize the Annual Report or Form 10-K or Form 20 - F (whatever they call it in that jurisdiction) of the company you choose. You can usually find it on the Company's website in Investor R. Introduction 2. Industry situation and company plans A. Management Letter B. B. Review Company's Products and Services 3. Financial Statements A. Income Statement B. Cash Flow Statement C. Balance Sheet D. Accounting Policies 4. Financial Analysis & Ratio A. Financial Analysis B. Ratio C. Market Indicator Financial Ratios 5. References 6. Complete Calcuation of Part 4 in excelLimi

https://www.republictt.com/pdfs/annual-reports/RFHL-Annual-Report-2022.pdf Financial Reporting Analysis: Use Republic Financial Holdings Limited Annual Report 2022 to answer the Questions. a) Evaluate the company’s latest annual financial statements (balance sheet, income statement, and cash flow statement) and comment on the company's financial performance and position. In your response, use the requirements of IAS 1 as a guide. b) Identify and discuss key accounting principles and standards applied in the company’s financial reporting process indicating their reasons for choosing these and how they were applied. Comment briefly on the appropriateness of the choices made given the company’s industry, location and type (e.g. MNC, regional conglomerate, etc.) c) Critically analyze any significant accounting policies and estimates disclosed in the notes to the financial statements. In your answer, indicate whether the company complied with the accounting standards and…

Assessment task:Collect the latest annual report of an ASX listed company for the last 2 financial years. Please read the financialstatements (balance sheet, income statement, cash flow statement) and notes attached to financialstatements on income tax issues very carefully. Please remember some aspects of your firm’s treatment of itstax – can be a very complicated area, particularly for some firms. Based on your understanding of the topic“accounting for income tax” and based on your reading of the collected annual reports, do the following tasks.i Briefly explain the concepts of accounting profit, taxable profit, temporary difference, taxable temporarydifference, deductible temporary difference, deferred tax assets and deferred tax liability.ii Briefly explain the recognition criteria of deferred tax assets and deferred tax liability.iii What is your firm’s tax expense in its latest financial statements?iv Is this figure the same as the company tax rate times your firm’s accounting…

P (Financial statement analysis) The T. P. Jarmon Company manufactures and sells a line of exclusive sportswear. The firm's sales were $600,100 for the year just ended, and its total assets exceeded $500,000. The company was started by Mr. Jarmon just 10 years ago and has been profitable every year since its inception. The chief financial officer for the firm, Brent Vehlim, has decided to seek a line of credit from the firm's bank totaling $83,000. In the past, the company has relied on its suppliers to finance a large part of its needs for inventory. However, in recent months tight money conditions have led the firm's suppliers to offer sizable cash discounts to speed up payments for purchases. Mr. Vehlim wants to use the line of credit to supplant a large portion of the firm's payables during the summer, which is the firm's peak seasonal sales period. The firm's two most recent balance sheets were presented to the bank in support of its loan request. In addition, the firm's income…

Required information Skip to question   [The following information applies to the questions displayed below.]   You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company’s financial statements, including comparing Lydex’s performance to its major competitors. The company’s financial statements for the last two years are as follows:   Lydex CompanyComparative Balance Sheet   This Year Last Year Assets         Current assets:         Cash $ 1,020,000 $ 1,260,000 Marketable securities   0   300,000 Accounts receivable, net   2,940,000   2,040,000 Inventory   3,660,000   2,100,000 Prepaid expenses   270,000   210,000 Total current assets   7,890,000   5,910,000 Plant and equipment, net   9,640,000   9,110,000 Total assets $ 17,530,000 $ 15,020,000 Liabilities and Stockholders' Equity         Liabilities:         Current liabilities $ 4,070,000…

Required information Skip to question   [The following information applies to the questions displayed below.]   You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company’s financial statements, including comparing Lydex’s performance to its major competitors. The company’s financial statements for the last two years are as follows:   Lydex CompanyComparative Balance Sheet   This Year Last Year Assets         Current assets:         Cash $ 860,000 $ 1,100,000 Marketable securities   0   300,000 Accounts receivable, net   2,300,000   1,400,000 Inventory   3,500,000   2,000,000 Prepaid expenses   240,000   180,000 Total current assets   6,900,000   4,980,000 Plant and equipment, net   9,320,000   8,950,000 Total assets $ 16,220,000 $ 13,930,000 Liabilities and Stockholders' Equity         Liabilities:         Current liabilities $ 3,910,000 $…

Required information Skip to question   [The following information applies to the questions displayed below.]   You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company’s financial statements, including comparing Lydex’s performance to its major competitors. The company’s financial statements for the last two years are as follows:   Lydex CompanyComparative Balance Sheet   This Year Last Year Assets         Current assets:         Cash $ 1,020,000 $ 1,260,000 Marketable securities   0   300,000 Accounts receivable, net   2,940,000   2,040,000 Inventory   3,660,000   2,100,000 Prepaid expenses   270,000   210,000 Total current assets   7,890,000   5,910,000 Plant and equipment, net   9,640,000   9,110,000 Total assets $ 17,530,000 $ 15,020,000 Liabilities and Stockholders' Equity         Liabilities:         Current liabilities $ 4,070,000…

Required information Skip to question   [The following information applies to the questions displayed below.]   You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company’s financial statements, including comparing Lydex’s performance to its major competitors. The company’s financial statements for the last two years are as follows:   Lydex CompanyComparative Balance Sheet   This Year Last Year Assets         Current assets:         Cash $ 1,020,000 $ 1,260,000 Marketable securities   0   300,000 Accounts receivable, net   2,940,000   2,040,000 Inventory   3,660,000   2,100,000 Prepaid expenses   270,000   210,000 Total current assets   7,890,000   5,910,000 Plant and equipment, net   9,640,000   9,110,000 Total assets $ 17,530,000 $ 15,020,000 Liabilities and Stockholders' Equity         Liabilities:         Current liabilities $ 4,070,000…

https://massygroup.com/wp-content/uploads/2022/11/MASSY-DIGITAL-ANNUAL- REPORT-2022-updated.pdf  a. Conduct a horizontal and vertical analysis of the company’s financial statements to identify trends and patterns over the past two years. (8 marks) b.  Provide an analysis of the company’s financial performance, for shareholders and potential investors, using the trends identified in (a) above and in the context of market and other trends and expectations mentioned in the MDA section of the Annual Report.  c.  Briefly explain how the analysis at (b) would be modified if it was prepared for stakeholders other than shareholders and investors.

EDGAR: Nike (ticker: NKE) Visit www.sec.gov/edgar and search for the Nike annual report (10-K) for the year ended May 31, 2019, using EDGAR (Electronic Data Gathering, Analysis, and Retrieval system). Required: 1. Locate the "Consolidated Balance Sheets" and answer the following questions: a. What is the amount of total assets for the most recent year? b. What is the amount of total shareholders' equity for the most recent year? c. Calculate total liabilities for the most recent year. 2. Locate the "Consolidated Statements of Income" and answer the following questions: a. What is the amount of revenue for the most recent year? Did it increase or decrease from the previous year? b. What is the amount of net income for the most recent year? Did it increase or decrease from the previous year? 3. Locate the "Consolidated Statements of Cash Flows" and answer the following questions: a. What is the amount of operating cash flows for the most recent year? How did the operating cash flow…

Income Statement The accountant for Dolfin Corporation prepared the following income statement. The auditor has asked you to use this statement to provide additional information to Dolfin Corporation on the Final Questions. Dolfin Corporation Income Statement For the Year Ended December 31, 20Y8 Sales $316,840 Expenses: Cost of goods sold $215,451 Selling expenses 41,189 Administrative expenses 34,852 Interest expense 275 Total expenses (291,767) Net income $25,073

OBJECTIVE: To enable learners to utilize financial ratios as a mechanism to evaluate the firm's financial performance and identify areas for making decisions for improvement REQUIREMENT: Financial Statement Analysis Question Refer to the following financial statements of Delima Corporation for 2019 and 2020: Delima Corporation Income Statements For the year ended 31 December (in millions) 2020 $13,198 7,750 2019 $12,397 7,108 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations 5,448 5,289 3,472 3,299 1,976 1,990 Interest expense 233 248 Other (income) expense, net 11 1,732 503 1,229 Income before income taxes 1,742 Income tax expense 502 Net income 1,240 Delima Corporation Balance Sheets 31 December (in millions) 2020 2019 Assets Current assets Cash $460 $444 Accounts receivables (net) 1,188 1,132 1,190 1,056 225 2,915 3,128 Inventories Other current assets 247 Total current assets 3,027 3,281 Property (net) 5,593 $11,901 Other assets…

https://massygroup.com/wp-content/uploads/2022/11/MASSY-DIGITAL-ANNUALREPORT-2022 (answer the following questions) Evaluate the company’s latest annual financial statements (balance sheet, income statement, and cash flow statement) and comment on the company's financial performance and position. In your response, use the requirements of IAS 1 as a guide. b)  Identify and discuss key accounting principles and standards applied in the company’s financial reporting process indicating their reasons for choosing these and how they were applied. Comment briefly on the appropriateness of the choices made given the company’s industry, location and type (e.g. MNC, regional conglomerate, etc.) c) Critically analyze any significant accounting policies and estimates disclosed in the notes to the financial statements. In your answer, indicate whether the company complied with the accounting standards and conventions.

Please provide answer the following requirements on these financial accounting question

Please answer the following requirements on these financial accounting question

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Personal hotspot.. Used 72.4 MB Prepare the required financial statements for Metro Company Assume you are an analyst evaluating Metro Company. The following data are available in your financial analysis (unless otherwise indicated, all data are as of December 31, 2015): - 50 points Retained earnings, 12/31/2014 Gross profit margin ratio Day's sales in inventory Acid-test ratio Non current assets Day's sales in receivables Shareholder's equity to total debt Sales (all on credit) Common stock $15 par value; 10,000 shares issued and outstanding; issued at $21 per share. $98,000 25% 45 days 2.5 times $280,000 18 days 4 to 1 $920,000 Using these data, construct the December 31, 2015 balance sheet for your analysis. Operating expenses (excluding taxes and cost of goods sold for 2015) are $180,000. The tax rate is 40%. Assume a 360-day year in ratio computations. Current assets consist of cash, accounts receivable, and inventories. Your answer -> 41 •.. Honor Code | bart.. Lite…

Subject - account  Please help me.  Thankyou.

Perform the Reperformance or Recalculation procedures to check the mathematical accuracy ofthe Income Statement. What issue did you find? What is the next step? Create a Correctedversion of the Income Statement. Income Statement       For the Year Ended For the Year Ended Revenue 3/31/2021 3/31/2022 Sales Revenue: Corporate Accounts  $              353,739.57  $              343,050.56 Sales Revenues: Storefront  $                80,649.00  $                91,411.50 Total Sales Revenue  $             434,388.57  $             434,462.06 Cost of Goods Sold: Ingredients  $                69,736.39  $                64,645.64 Cost of Goods Sold: Boxes and Cupcake Cups  $                  3,875.55  $                  3,755.55 Cost of Goods Sold: Beverages  $                  5,466.50  $                  5,681.50 Total COGS  $                76,078.44  $                74,082.69 Gross Profit  $             358,310.13  $             360,379.37 Interest Revenue  $…

Prepare the financial statements for the Quick Tax Corporation as of July 31 in the space below. You will only be preparing the income statement, statement of retained earnings, and the balance sheet. The statement of cash flows is a required financial statement, but is not required for this case study. Quick Tax Corporation Quick Tax Corporation Quick Tax Corporation Income Statement Statement of Retained Earnings Balance Sheet For the Month Ending July 31 For the Month Ending July 31 July 31 Revenues: Retained Earnings, July 1 Assets: Revenue Add: Net Income Cash Subtotal Supplies Expenses: Less: Dividends Prepaid Insurance Rent Expense Retained Earnings, July 31 Equipment Salaries Expense Less: Accum. Depr. Insurance Expense Total Assets Supplies Expense Depreciation Expense Liabilities: Income Tax Expense Accounts Payable Total Expenses Income Tax Payable Total Liabilities Net Income Stockholders' Equity: Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities…

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