1) Amount Change and % change from Year 2000 to Year 2001 316

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Current Assets
Cash
Short term Investment
A/R
Inventories
Prepaid Exp
Total Current Assets
Investment
Property and Equipment
Land
Building
Furniture and Equipment
Less: Accumulated Depreciation
Other Operationg Equipment
Total Assets
Current Liabilities
Accounts Payable
Accrued Income Taxes
Accured Expenses
Current Portion of Long-term de
Total Current Liabilities
Long-term Debt
Mortgage Payable
Deferred Income Taxes
Total Long-term Debt
Total Liabilities
Owner's Equity
Common Stock
Paid-in Capital in Excess
Retained Earnings
Total Owner's Equity
2000
20,000
60,000
100,000
14,000
13,000
207,000
43,000
68,500
810,000
170,000
1,048,500
260,000
11,500
1,050,000
60,000
30,000
70,000
25,000
185,000
425,000
40,000
465,000
650,000
55,000
110,000
235,000
400,000
2001
1,050,000
21,000
81,000
90,000
17,000
12,000
221,000
35,000
68,500
850,000
190,000
1,108,500
320,000
20,500
1,065,000
53,500
32,000
85,200
21,500
192,200
410,000
42,800
452,800
645,000
55,000
110,000
255,000
420,000
2002
1,065,000
24,000
145,000
140,000
15,000
14,000
338,000
40,000
68,500
880,000
208,000
1,156,500
381,000
22,800
1,176,300
71,000
34,000
85,000
24,000
214,000
400,000
45,000
445,000
659,000
Total Liabilities and Equity
1) Amount Change and % change from Year 2000 to Year 2001
2) Current ratio, Acid Test Ratio, A/R turn-over, Avg collection period, Solvency Ratio, profit ratio for Year 2001)
(Assume the 2002 Revenue 1,300,000, profit is 65,000) Operating Cash flow is 201,000.
55,000
110,000
352,300
517,300
1,176,300
Transcribed Image Text:Current Assets Cash Short term Investment A/R Inventories Prepaid Exp Total Current Assets Investment Property and Equipment Land Building Furniture and Equipment Less: Accumulated Depreciation Other Operationg Equipment Total Assets Current Liabilities Accounts Payable Accrued Income Taxes Accured Expenses Current Portion of Long-term de Total Current Liabilities Long-term Debt Mortgage Payable Deferred Income Taxes Total Long-term Debt Total Liabilities Owner's Equity Common Stock Paid-in Capital in Excess Retained Earnings Total Owner's Equity 2000 20,000 60,000 100,000 14,000 13,000 207,000 43,000 68,500 810,000 170,000 1,048,500 260,000 11,500 1,050,000 60,000 30,000 70,000 25,000 185,000 425,000 40,000 465,000 650,000 55,000 110,000 235,000 400,000 2001 1,050,000 21,000 81,000 90,000 17,000 12,000 221,000 35,000 68,500 850,000 190,000 1,108,500 320,000 20,500 1,065,000 53,500 32,000 85,200 21,500 192,200 410,000 42,800 452,800 645,000 55,000 110,000 255,000 420,000 2002 1,065,000 24,000 145,000 140,000 15,000 14,000 338,000 40,000 68,500 880,000 208,000 1,156,500 381,000 22,800 1,176,300 71,000 34,000 85,000 24,000 214,000 400,000 45,000 445,000 659,000 Total Liabilities and Equity 1) Amount Change and % change from Year 2000 to Year 2001 2) Current ratio, Acid Test Ratio, A/R turn-over, Avg collection period, Solvency Ratio, profit ratio for Year 2001) (Assume the 2002 Revenue 1,300,000, profit is 65,000) Operating Cash flow is 201,000. 55,000 110,000 352,300 517,300 1,176,300
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