2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) 2022 2021 Amount % Assets ....... Cash $ 3,000,000 $ 980,000 $ 2,020,000 206.2 Accounts receivable 1,800,000 1,242,500 557,500 44.8 Inventory 3,300,000 1,977,500 1,322,500 66.8 Buildings 14,700,000 14,700,000 Less: Accumulated depreciation (2,800,000) (1,400,000) (1,400,000) 1.0 Total assets $ 20,000,000 $ 17,500,000 $ 2,500,000 14.3 Liabilities and Stockholders' Equity Accounts $ 1,920,000 $ 2,187,500 $ (2,187,500) (1.0) Contingent liability 1,840,000 Common stock 9,100,000 9,100,000 Retained earnings 7,140,000 6,212,500 927,500 14.9 Total liabilities and stockholders' equity $ 20,000,000 $ 17,500,000 $ 2,500,000 14.3

2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year Increase (Decrease) 2022 2021 Amount % Assets ....... Cash $ 3,000,000 $ 980,000 $ 2,020,000 206.2 Accounts receivable 1,800,000 1,242,500 557,500 44.8 Inventory 3,300,000 1,977,500 1,322,500 66.8 Buildings 14,700,000 14,700,000 Less: Accumulated depreciation (2,800,000) (1,400,000) (1,400,000) 1.0 Total assets $ 20,000,000 $ 17,500,000 $ 2,500,000 14.3 Liabilities and Stockholders' Equity Accounts $ 1,920,000 $ 2,187,500 $ (2,187,500) (1.0) Contingent liability 1,840,000 Common stock 9,100,000 9,100,000 Retained earnings 7,140,000 6,212,500 927,500 14.9 Total liabilities and stockholders' equity $ 20,000,000 $ 17,500,000 $ 2,500,000 14.3

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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64.) Using Financial Statements for 2018-2019. Net book value for 2019 is $8,394,200. TRUE OR FALSE?
Maples group Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Increase/(Decrease Assets Cash and cash equivalent 64,990 61,895 ? Accounts receivable 95,100 88,500 ? Inventories 72,500 79,855 ? Fixed Assets, net ? ? ? Total Assets 442,590 395,800 46,790 Liabilities Accounts payable 45,000 58,350 ? Accrued liabilities ? ? ? Long –term notes payable 99,500 128,550 ? Stockholder’ Equity: Common Stock 143,050 105,110 37,940 Retained earnings 43,540 24,290 19,250 Total liabilities and stockholders’ equity 442, 590 395, 800…
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Provide a paragraph summary of the following figures
Year ended December 31, 2023 2022 2021 Revenues $4,578,041 $3,864,324 $3,003,610 Costs and expenses: Cost of goods sold $2,227,189 $2,089,089 $2,005,691 Selling and administrative 922,261 836,212 664,061 Interest 29,744 32,966 30,472 Other expenses (income) 1,475 2,141 (43) Total costs and expenses $3,180,669 $2,960,408 $2,700,181 Income before income taxes $1,397,372 $903,916 $303,429 Income taxes 229,500 192,600 174,700 Net income $1,167,872 $711,316 $128,729 Venus IndustriesConsolidated Balance Sheets (in thousands) December 31, ASSETS 2023 2022 Current assets: Cash and equivalents $291,284 $260,050 Accounts receivable, less allowance for doubtful accounts of $19,447 and $20,046 826,977 616,064 Inventories 592,986 512,917 Deferred income taxes 26,378 28,355 Prepaid expenses 40,663 32,977 Total current assets $1,778,288 $1,450,363 Property, plant, and equipment $571,032 $497,795 Less accumulated depreciation (193,037)…
Fast pls solve this question correctly in 5 min pls I will give u like for sure Svtrik Create the combined common-size, common-base year statement for 2022. What is the value for machines?
37
Table 1: Gress Income Levels Amount (Millions) Beta Factor Disaggregate Gross Income 2020 2021 0.2 2.0 1.2 2.2 2.2 2018 2019 No Business Line/Year Corporate finance Trading and sales Retail banking Commercial banking 5 0.7 0.6 2.2 18% 2.2 2.4 18% 12% 2.2 0.5 1.3 4.1 1.1 2.0 0.5 3.2 15% 18% 0.4 Payment and settlement 6. 1.6 Agency services 7. 0.5 1.1 3.2 1.4 15% 12% 2.0 5.7 0.5 0.8 Asset management Retail brokerage 8. 0.2 0.4 3.9 1.6 12% Aggregate Gross Income 2019 2020 2021 16.0 14.0 15% 2018 Bank Level 14.2 10.0 Using the information in the table above, calculate the minimum capital requirement for the years 2021 and 2022 for operational risk under Basel II using the i) Basic Indicator Approach (BIA) ii) Standardised Approach (SA)
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