Compute these values and ratios for 2021 and 2022. (Round Earnings per share to 2 decimal places, e.g. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, e.g. 15.2. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) /10Sales revenue$794,580$696,600Cost of goods sold468,000410,000Operating expenses (including income taxes)252,000226,000Net income$74,580$ 60,600Additional information:Net cash provided by operating activities$85,800$58,000Cash used for capital expenditures$40,500$39,000Dividends paid$28,000$14,000Weighted-average common shares outstanding33,00030,000Compute these values and ratios for 2021 and 2022. (Round Earnings per share to 2 decimal places, e.g. $2.78 and Current Ratio and Debtto assets ratio to 1 decimal place, e.g. 15.2. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parenthesese.g. (45).)20222021(a)Earnings per share.(b)Working capital.(c)Current ratio.:1:1(d)Debt to assets ratio.(e)Free cash flow.I!%24%24%24%24%24%24 Condensed balance sheet and income statement data for Pharoah Company are presented as follows.Pharoah CompanyBalance SheetsDecember 31Assets20222021Cash$29,000$21,000Receivables (net)70,00056,000Other current assets91,00072,600Long-term investments62,40059,700Property, plant, and equipment (net)515,000469,000Total assets$767,400678,300Liabilities and Stockholders' EquityCurrent liabilities$76,000$68,000Long-term liabilities81,50091,000Common stock333,000291,500Retained earnings276,900227,800Total liabilities and stockholders' equity$767,400$ 678,300Pharoah CompanyIncome StatementsFor the Years Ended December 3120222021Sales revenue$794,580$696,600Cost of goods sold468,000410,000Operating expenses (including income taxes)252,000226,000Net income$74,580$ 60,600Additional information:Net cash provided by operating activities$85,800$58,000Cash used for capital expenditures$40,500$39.000Dividends paid$28,000$14,000Weighted-average common shares outstanding33,00030,000

The Balance Sheet and Income Statement of two years of a Company are given.

-/ 10 Sales revenue $794,580 $696,600 Cost of goods sold 468,000 410,000 Operating expenses (including income taxes) 252,000 226,000 Net income $74,580 $60,600 Additional information: Net cash provided by operating activities $85,800 $58,000 Cash used for capital expenditures $40,500 $39,000 Dividends paid $28,000 $14,000 Weighted-average common shares outstanding 33,000 30,000 Compute these values and ratios for 2021 and 2022. (Round Earnings per share to 2 decimal places, eg. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, e.g. 15.2. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) 2022 2021 (a) Earnings per share. $ $ (b) Working capital. 24 $4 (c) Current ratio. :1 :1 (d) Debt to assets ratio. (e) Free cash flow. 2$ $

-/ 10 Sales revenue $794,580 $696,600 Cost of goods sold 468,000 410,000 Operating expenses (including income taxes) 252,000 226,000 Net income $74,580 $60,600 Additional information: Net cash provided by operating activities $85,800 $58,000 Cash used for capital expenditures $40,500 $39,000 Dividends paid $28,000 $14,000 Weighted-average common shares outstanding 33,000 30,000 Compute these values and ratios for 2021 and 2022. (Round Earnings per share to 2 decimal places, eg. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, e.g. 15.2. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) 2022 2021 (a) Earnings per share. $ $ (b) Working capital. 24 $4 (c) Current ratio. :1 :1 (d) Debt to assets ratio. (e) Free cash flow. 2$ $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required: 1. Complete the following columns for each item in the comparative financial statements (Negative answers shoul be indicated by a minus sign. Round percentage answers to 2 decimal places, i.e., 0.1243 should be entered as 12.43.): Increase (Decrease) Year 2 over Year 1 Amount Percentage Statement of earnings: Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings $ 45,770 38,650 7,120 4,020 3,100 1,050 $ 2,050 Statement of financial position: Cash (4,720) Accounts receivable (net) (4,220) Inventory 6,200 Property, plant, and equipment (net) 6,380 $ 3,640 Current liabilities (3,840) Long-term debt 3,530 Common shares 0 Retained earnings 3,950 $ 3,640
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Summary financial information for Gandaulf Company is as follows. Compute the amount and percentage changes in 2022 using horizontal analysis, assuming 2024 is the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45,-45% or parentheses e.g. (45), (45%). Round percentages to 2 decimal places, e.g. 1.25%.) Current Assets Dec. 31, 2022 Dec. 31, 2024 $191,100 $210,000 $ Plant Assets 1,058,600 790,000 Total assets $1,249,700 $1,000,000 $ Increase (Decrease) in 2022 Amount Percent % % %
Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your percentage answers to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Lishilitinn WALTON COMPANY Vertical Analysis of Balance Sheets Year 4 $ Amount 17,800 21,300 55,100 136,900 25,700 256,800 27,600 270,600 30,300 328,500 585,300 Percentage of Total % $ $ Amount Year 3 13,700 6,800 47,500 144,700 10,500 223,200 21,100 256,000 24,900 302,000 525,200 Percentage of Total %
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Required Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) ALLENDALE COMPANY Vertical Analysis of Income Statements Year 4 Year 3 Amount % Total Amount % Total Revenues Sales (net) $ 230,000 100.00 % $ 210,000 100.00 % Other revenues 8,000 5,000 Total revenues 238,000 215,000 Expenses Cost of goods sold 120,000 103,000 Selling, general, and administrative expense 55,000 50,000 Interest expense 8,000 7,200 Income tax expense 23,000 22,000 Total expenses 206,000 182,200 Net income $ 32,000 % $ 32,800 %
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Using the following selected items from the comparative balance sheet of Oriole Products.Determine the horizontal analysis. (Round percentages to 2 decimal places, e.g. 12.21%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ORIOLEPRODUCTSComparative Balance SheetDecember 31 2014 2013 Horizontal analysis Amount Percentage Amount Percentage Current assets $110,880 enter percentages % $128,216 enter percentages % Long-term assets 174,240 enter percentages % 117,304 enter percentages % Total assets 3,168,000 enter percentages % 2,728,000 enter percentages % Determine the vertical analysis. (Round percentages to 1 decimal place, e.g. 12.2%.) ORIOLEPRODUCTSComparative Balance SheetDecember 31 2014 2013 Vertical analysis Amount Percentage Amount Percentage Current assets $110,880…
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Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add exactly due to rounding Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other RUNDLE COMPANY Vertical Analysis of Balance Sheets Year 4 Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating; 6,000 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities & stockholders' equity Amount $ 16,900 21,000 55,100…