Homework Help is Here – Start Your Trial Now!
Business
Accounting
10. Following is the income statement of Bartlett Company (in USD 000) Barlett Company Balance Sheet (USD 000) 2015 2016 2015 2016 Assets Sales revenue 3074 2567 Current Assets Less: Cost of goods sold 2088 1711 Cash 363 288 Gross Profits 986 856 Marketable securities 68 51 Less; Operating Expenses Accounts receivable 503 365 Selling Expenses 100 108 Inventories 289 300 General and Administrative Expenses 194 187 Total current assets 1223 1004 Lease Expense 35 35 Non-Current Assets (at cost) Depreciation Expenses 239 223 Total Operating expenses 568 553 Land and Buildings 2072 1903 Operating profits 418 303 Machinery and equipment 1866 1693 Less; Interest expenses 93 91 Furniture and fixtures 358 316 Net profit before tax 325 212 Vehicles 275 314 Less; taxes 94 64 Others (includes financial leases) 98 96 Net profit after tax 231 148 Total gross fixed assets (at cost) 4669 4322 Less; preference dividend 10 10 Earnings available for ordinary shares 221 138 Less: Accumulated depreciation 2295 2056 Earnings per share 2.90 1.81 Net fixed assets 2374 2266 Dividend per share 1.29 0.75 Total Assets 3597 3270 Liabilities and Shareholders Equity Current liabilities Accounts payable 382 270 Notes payable 79 99 Accruals 159 114 Total current liabilities 620 483 Non-current debt (includes financial leases) 1023 967 Total liabilities 1643 1450 Shareholders equity Preference shares 200 200 Ordinary shares (issued 2015, 76262; in 2014, 76,244) Retained earnings 619 608 1135 1012 Total shareholders equity 1954 1820 Total liabilities and shareholders equity 3597 3270 • Market price per share at the end of 2014 was USD 30.2 and 2015 was USD 32.25 a) Prepare Barlett Companies comparative balance sheet and income statement?

10. Following is the income statement of Bartlett Company (in USD 000) Barlett Company Balance Sheet (USD 000) 2015 2016 2015 2016 Assets Sales revenue 3074 2567 Current Assets Less: Cost of goods sold 2088 1711 Cash 363 288 Gross Profits 986 856 Marketable securities 68 51 Less; Operating Expenses Accounts receivable 503 365 Selling Expenses 100 108 Inventories 289 300 General and Administrative Expenses 194 187 Total current assets 1223 1004 Lease Expense 35 35 Non-Current Assets (at cost) Depreciation Expenses 239 223 Total Operating expenses 568 553 Land and Buildings 2072 1903 Operating profits 418 303 Machinery and equipment 1866 1693 Less; Interest expenses 93 91 Furniture and fixtures 358 316 Net profit before tax 325 212 Vehicles 275 314 Less; taxes 94 64 Others (includes financial leases) 98 96 Net profit after tax 231 148 Total gross fixed assets (at cost) 4669 4322 Less; preference dividend 10 10 Earnings available for ordinary shares 221 138 Less: Accumulated depreciation 2295 2056 Earnings per share 2.90 1.81 Net fixed assets 2374 2266 Dividend per share 1.29 0.75 Total Assets 3597 3270 Liabilities and Shareholders Equity Current liabilities Accounts payable 382 270 Notes payable 79 99 Accruals 159 114 Total current liabilities 620 483 Non-current debt (includes financial leases) 1023 967 Total liabilities 1643 1450 Shareholders equity Preference shares 200 200 Ordinary shares (issued 2015, 76262; in 2014, 76,244) Retained earnings 619 608 1135 1012 Total shareholders equity 1954 1820 Total liabilities and shareholders equity 3597 3270 • Market price per share at the end of 2014 was USD 30.2 and 2015 was USD 32.25 a) Prepare Barlett Companies comparative balance sheet and income statement?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
10. Following is the income statement of Bartlett Company (in USD 000) Barlett Company Balance Sheet (USD 000) 2015 2016 2015 2016 Assets Sales revenue 3074 2567 Current Assets Less: Cost of goods sold 2088 1711 Cash 363 288 Gross Profits 986 856 Marketable securities 68 51 Less; Operating Expenses Accounts receivable 503 365 Selling Expenses 100 108 Inventories 289 300 General and Administrative Expenses 194 187 Total current assets 1223 1004 Lease Expense 35 35 Non-Current Assets (at cost) Depreciation Expenses 239 223 Total Operating expenses 568 553 Land and Buildings 2072 1903 Operating profits 418 303 Machinery and equipment 1866 1693 Less; Interest expenses 93 91 Furniture and fixtures 358 316 Net profit before tax 325 212 Vehicles 275 314 Less; taxes 94 64 Others (includes financial leases) 98 96 Net profit after tax 231 148 Total gross fixed assets (at cost) 4669 4322 Less; preference dividend 10 10 Earnings available for ordinary shares 221 138 Less: Accumulated depreciation 2295 2056 Earnings per share 2.90 1.81 Net fixed assets 2374 2266 Dividend per share 1.29 0.75 Total Assets 3597 3270 Liabilities and Shareholders Equity Current liabilities Accounts payable 382 270 Notes payable 79 99 Accruals 159 114 Total current liabilities 620 483 Non-current debt (includes financial leases) 1023 967 Total liabilities 1643 1450 Shareholders equity Preference shares 200 200 Ordinary shares (issued 2015, 76262; in 2014, 76,244) Retained earnings 619 608 1135 1012 Total shareholders equity 1954 1820 Total liabilities and shareholders equity 3597 3270 • Market price per share at the end of 2014 was USD 30.2 and 2015 was USD 32.25 a) Prepare Barlett Companies comparative balance sheet and income statement?
Transcribed Image Text:10. Following is the income statement of Bartlett Company (in USD 000) Barlett Company Balance Sheet (USD 000) 2015 2016 2015 2016 Assets Sales revenue 3074 2567 Current Assets Less: Cost of goods sold 2088 1711 Cash 363 288 Gross Profits 986 856 Marketable securities 68 51 Less; Operating Expenses Accounts receivable 503 365 Selling Expenses 100 108 Inventories 289 300 General and Administrative Expenses 194 187 Total current assets 1223 1004 Lease Expense 35 35 Non-Current Assets (at cost) Depreciation Expenses 239 223 Total Operating expenses 568 553 Land and Buildings 2072 1903 Operating profits 418 303 Machinery and equipment 1866 1693 Less; Interest expenses 93 91 Furniture and fixtures 358 316 Net profit before tax 325 212 Vehicles 275 314 Less; taxes 94 64 Others (includes financial leases) 98 96 Net profit after tax 231 148 Total gross fixed assets (at cost) 4669 4322 Less; preference dividend 10 10 Earnings available for ordinary shares 221 138 Less: Accumulated depreciation 2295 2056 Earnings per share 2.90 1.81 Net fixed assets 2374 2266 Dividend per share 1.29 0.75 Total Assets 3597 3270 Liabilities and Shareholders Equity Current liabilities Accounts payable 382 270 Notes payable 79 99 Accruals 159 114 Total current liabilities 620 483 Non-current debt (includes financial leases) 1023 967 Total liabilities 1643 1450 Shareholders equity Preference shares 200 200 Ordinary shares (issued 2015, 76262; in 2014, 76,244) Retained earnings 619 608 1135 1012 Total shareholders equity 1954 1820 Total liabilities and shareholders equity 3597 3270 • Market price per share at the end of 2014 was USD 30.2 and 2015 was USD 32.25 a) Prepare Barlett Companies comparative balance sheet and income statement?
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
steps

Unlock instant AI solutions

Tap the button
to generate a solution

SEE SOLUTION
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS