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2011 7,721,279 13,042,165 32,236,021 172,278 %24 %24

2011 7,721,279 13,042,165 32,236,021 172,278 %24 %24

FINANCIAL ACCOUNTING
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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-Find the horizontal and vertical analysis
Pinnacle Manufacturing Company Balance Sheet As of December 31 Assets 2011 2010 2009 Current assets $ 7,721,279 13,042,165 32,236,021 172,278 53,171,743 62,263,047 $ 115,434,790 Cash and cash equivalents Net receivables $ 7,324,846 $ 8,066,545 7,936,409 8,619,857 Inventory Other current assets Total current assets Property, plant and equipment Total assets 25,537,198 143,206 41,625,107 61,635,530 $ 103,260,637 25,271,503 131,742 41,406,199 58,268,732 $ 99,674,931 Liabilities Current liabilities $ 12,969,686 15,375,819 2,067,643 30,413,148 24,420,090 54,833,238 $ 9,460,776 10,298,668 1,767,360 21,526,804 22,342,006 43,868,810 Accounts payable Short/current long-term debt Other current liabilities $ 7,586,374 9,672,670 1,682,551 18,941,595 22,379,920 41,321,515 Total current liabilities Long-term debt Total liabilities Stockholders' equity Common stock Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 1,000,000 15,717,645 1,000,000 15,717,645 1,000,000 15,717,645 43,883,907 60,601,552 $ 115,434,790 42,674,182 59,391,827 $ 103,260,637 41,635,771 58,353,416 $ 99,674,931
Transcribed Image Text:Pinnacle Manufacturing Company Balance Sheet As of December 31 Assets 2011 2010 2009 Current assets $ 7,721,279 13,042,165 32,236,021 172,278 53,171,743 62,263,047 $ 115,434,790 Cash and cash equivalents Net receivables $ 7,324,846 $ 8,066,545 7,936,409 8,619,857 Inventory Other current assets Total current assets Property, plant and equipment Total assets 25,537,198 143,206 41,625,107 61,635,530 $ 103,260,637 25,271,503 131,742 41,406,199 58,268,732 $ 99,674,931 Liabilities Current liabilities $ 12,969,686 15,375,819 2,067,643 30,413,148 24,420,090 54,833,238 $ 9,460,776 10,298,668 1,767,360 21,526,804 22,342,006 43,868,810 Accounts payable Short/current long-term debt Other current liabilities $ 7,586,374 9,672,670 1,682,551 18,941,595 22,379,920 41,321,515 Total current liabilities Long-term debt Total liabilities Stockholders' equity Common stock Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 1,000,000 15,717,645 1,000,000 15,717,645 1,000,000 15,717,645 43,883,907 60,601,552 $ 115,434,790 42,674,182 59,391,827 $ 103,260,637 41,635,771 58,353,416 $ 99,674,931
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