Kimmel_Accounting_8e_CCC_Ch13_Financial-Analysis-The-Big-Picture (1)

Garnet Company, Inc. Comparative Statements of Financial Position As of the year ended December 31, 2022 Assets Cash 2022 2021 P 94,190.00 P Accounts receivable Inventory Prepaid expenses 55,400.00 131,000.00 62,700.00 70,400.00 154,000.00 34,152.00 19,860.00 Total current assets 314,742.00 306,960.00 Land 157,500.00 157,500.00 Equipment 225,750.00 192,500.00 Accumulated depreciation - Equipment 75,125.00 48,125.00 Buildings 275,000.00 275,000.00 Accumulated depreciation - Buildings 82,550.00 68,750.00 Total 815,317.00 P 815,085.00 Liabilities and Equity Accounts payable Long-term notes payable Ordinary shares, P5 par value Share Premium Accumulated Profits and Losses Treasury shares Total 41,800.00 47,250.00 270,000.00 360,000.00 ? 150,000.00 ? 56,415.00 ? 250,500.00 ? 49,080.00 ? 815,085.00 Sales for 2022 were P503,950 and cost of goods sold was 60% of sales. Furthermore, depreciation for the year was P48,400 and other expenses was P73,100. During the year, equipment costing P19,000…

Calculate net profit margin of the year 2019 and 2020

Brief Exercise 170 Using these data from the comparative balance sheet of Banner Company, perform vertical analysis. (Round answers to 1 decimal place, e.g. 15.2.)         December 31, 2020         December 31, 2019       Amount   Percentage     Amount   Percentage   Accounts Receivable   $ 480,000     %   $ 336,000     % Inventory   720,000     %   504,000     % Total Assets   4,000,000     %   2,800,000     %

view Policies Current Attempt in Progress Using these data from the comparative balance sheet of Cullumber Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable $ 467,400 $ 410,000 Inventory $ 785,400 % $ 660,000 % Total assets $3,197,900 % $2,830,000 % eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

ect Assignment The preliminary 2024 income statement of Alexian Systems, Incorporated, is presented below: ALEXIAN SYSTEMS, INCORPORATED Income Statement. For the Year Ended December 31, 2024 ($ in millions, except earnings per share) Revenues and gains: Sales revenue Interest revenue Other income Total revenues and gains. Expenses: Cost of goods sold Selling and administrative expense Income tax expense Total expenses Net Income Earnings per share $ 435 6 128 569 247 158 41 446 $123 $ 12.30 Saved Help Additional information: 1. Selling and administrative expense includes $28 million in restructuring costs. 2. Included in other income is $120 million in income from a discontinued operation. This consists of $90 million in operating income and a $30 million gain on disposal. The remaining $8 million is from the gain on sale of investments. 3. Cost of Goods Sold in 2024 includes an increase of $10 million to correct an understatement of Cost of Goods Sold in 2023. The amount is material.…

Carla Vista Co. has these comparative balance sheet data: CARLA VISTA CO.Balance SheetsDecember 31     2022   2021 Cash   $ 16,140   $ 32,280 Accounts receivable (net)   75,320   64,560 Inventory   64,560   53,800 Plant assets (net)   215,200   193,680     $371,220   $344,320 Accounts payable   $ 53,800   $ 64,560 Mortgage payable (15%)   107,600   107,600 Common stock, $10 par   150,640   129,120 Retained earnings   59,180   43,040     $371,220   $344,320 Additional information for 2022: 1.   Net income was $32,500. 2.   Sales on account were $392,900. Sales returns and allowances amounted to $27,300. 3.   Cost of goods sold was $217,300. 4.   Net cash provided by operating activities was $57,200. 5.   Capital expenditures were $30,000, and cash dividends were $19,000. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal…

Answer the following requirements on these financial accounting question

React Corporation Comparative Statements of Financial Position December 31, 2025 and 2024     2025 2024 Assets          Current Assets                Cash & Cash Equivalent 106,789 102,375           Trade & Other Receivables 327,611 277,467           Inventory 331,863 297,654           Prepaid Expenses 101,565 114,813       Total Current Assets 870,828 792,309      Noncurrent Assets               Property, Plant & Equipment               Intangibles 135,754 166,481      Total Noncurrent Assets 7,500 7,500  TOTAL ASSETS 143,254 173,981   1,014,082 966,290 Liabilities and Shareholders’ Equity          Current Liabilities               Trade & Other Payables               Unearned Revenues 238,000 208,703           Notes Payables - current 107,508 82,456     Total Current Liabilities 45,000 45,000…

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Prepare a ratio analysis ( Conclusion only) on each statement

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Sandhill Co. has these comparative balance sheet data: SANDHILL CO.Balance SheetsDecember 31     2020   2019 Cash   $ 29,205   $ 58,410 Accounts receivable (net)   136,290   116,820 Inventory   116,820   97,350 Plant assets (net)   389,400   350,460     $671,715   $623,040 Accounts payable   $ 97,350   $ 116,820 Mortgage payable (15%)   194,700   194,700 Common stock, $10 par   272,580   233,640 Retained earnings   107,085   77,880     $671,715   $623,040 Additional information for 2020: 1.   Net income was $34,900. 2.   Sales on account were $378,200. Sales returns and allowances amounted to $29,600. 3.   Cost of goods sold was $204,700. 4.   Net cash provided by operating activities was $57,300. 5.   Capital expenditures were $28,200, and cash dividends were $13,800. Compute the following ratios at December 31, 2020. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83…

Sandhill Co. has these comparative balance sheet data: SANDHILL CO.Balance SheetsDecember 31     2020   2019 Cash   $ 29,205   $ 58,410 Accounts receivable (net)   136,290   116,820 Inventory   116,820   97,350 Plant assets (net)   389,400   350,460     $671,715   $623,040 Accounts payable   $ 97,350   $ 116,820 Mortgage payable (15%)   194,700   194,700 Common stock, $10 par   272,580   233,640 Retained earnings   107,085   77,880     $671,715   $623,040 Additional information for 2020: 1.   Net income was $34,900. 2.   Sales on account were $378,200. Sales returns and allowances amounted to $29,600. 3.   Cost of goods sold was $204,700. 4.   Net cash provided by operating activities was $57,300. 5.   Capital expenditures were $28,200, and cash dividends were $13,800. Only the first 3 were answered the last time, I need all of these answered now.  Compute the following ratios at December 31,…

Provide a Conclusion and Recommendation for the company.

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Calculate gross profit ratio for the year 2018 and 2019

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Assets Current assets Net fixed assets INCOME STATEMENT, 2022 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense 2021 $ 101 2022 $ 195 910 1,010 $ 2,005 1,085 405 251 Req A and B Req C and D BALANCE SHEET AT END OF YEAR (Figures in $ millions) Liabilities and Shareholders' Equity Current liabilities Long-term debt Req E Complete this question by entering your answers in the tabs below. a&b. What is shareholders' equity in 2021 and 2022? c&d. What is net working capital in 2021 and 2022? e. What are taxes paid in 2022? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2022? g.Net fixed assets increased from $910 million to $1,010 million during 2022. What must have been South Sea's gross investment in fixed assets during 2022? Answer is complete but not entirely correct. h. If South Sea reduced its outstanding accounts payable by $46 million during the year, what must have happened to its other current…

Cullumber Company has these comparative balance sheet data: CULLUMBER COMPANYBalance SheetsDecember 31     2022   2021 Cash   $ 16,350   $ 32,700 Accounts receivable (net)   76,300   65,400 Inventory   65,400   54,500 Plant assets (net)   218,000   196,200     $376,050   $348,800 Accounts payable   $ 54,500   $ 65,400 Mortgage payable (15%)   109,000   109,000 Common stock, $10 par   152,600   130,800 Retained earnings   59,950   43,600     $376,050   $348,800 Additional information for 2022: 1.   Net income was $34,000. 2.   Sales on account were $383,300. Sales returns and allowances amounted to $26,600. 3.   Cost of goods sold was $200,600. 4.   Net cash provided by operating activities was $59,000. 5.   Capital expenditures were $26,400, and cash dividends were $16,500. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal…

Cullumber Company has these comparative balance sheet data: CULLUMBER COMPANYBalance SheetsDecember 31     2022   2021 Cash   $ 16,350   $ 32,700 Accounts receivable (net)   76,300   65,400 Inventory   65,400   54,500 Plant assets (net)   218,000   196,200     $376,050   $348,800 Accounts payable   $ 54,500   $ 65,400 Mortgage payable (15%)   109,000   109,000 Common stock, $10 par   152,600   130,800 Retained earnings   59,950   43,600     $376,050   $348,800 Additional information for 2022: 1.   Net income was $34,000. 2.   Sales on account were $383,300. Sales returns and allowances amounted to $26,600. 3.   Cost of goods sold was $200,600. 4.   Net cash provided by operating activities was $59,000. 5.   Capital expenditures were $26,400, and cash dividends were $16,500. (d)   Inventory turnover.   enter inventory turnover in times rounded to 2 decimal places  times (e)…

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return on Assets Sue Company reports the following information in its financial statements. Numbers are in thousands.                   2019                 2018Net Sales $42,075            $44,100Net Income 12,780           15,732Total Assets 63,900            87,400 There were 5,000 outstanding shares at December 31, 2019.Required a. What was Sue's return on assets for 2019 and 2019? (Round to one decimal point)

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General accounting question

Calculate the Horizontal (Trend) Analysis and horizontal analysis % change for the year 2020, 2019, 2020 Please use excel to calculate the formula  Thank you!  Toyota Motor Corporation Consolidated Balance Sheet         2020 2019 2018 Assets             Current Assets               Cash and Cash equivalents     4190518 3574704 3,052,269   Time Deposits     828220 1126352 901244   Marketable securities     678731 1127160 1768360   Trade accounts and notes recievables     2094894 2372734 2219562   less A.F.D.A.             Finance receivables, net     6614171 6647771 6438306   Other recievables     564854 568156 489338   Inventories     2434918 2656396 2539789   Prepaid expenses and other current assets     1236225 805964 833788   Total current assets     18642531 18879237 18,242,656 Noncurrent finance recievables, net       10423858 10281118 9481618 Investments and other assets:               Marketable…

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