2019 Current assets €4,610 Noncurrent assets 8,389 Total liabilities 7,039 Total assets 12,999 Current liabilities 2,786 Noncurrent liabilities 4,253 Total shareholders equity 5,960 Share capital 2,659 Retained earnings 3,301 12,999 Total liabilities and shareholders' equity b. Develop Balance Sheet of year 2019 for Enso Company
Q: Computing and Disaggregating Return on Equity Following are selected balance sheet and income…
A: a. Calculate Ralph Lauren’s return on equity for the fiscal year ended April 2, 2020. $…
Q: re the information of Talc Inc. for the year 2020 · Net assets, Jan.1, 2020- P1,000,000 ·…
A: Solution: Net assets are equal to equity of the company.
Q: The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019 $…
A: External Financing needed: Pro forma Income statement Particulars Amount Sales [260000 x…
Q: Following are the income statement and balance sheet of ADP Inc. DATA PROCESSING INC. Statement of…
A: The cash flow statement assesses a corporation's ability to handle its cash balance, or how…
Q: Netflix Income Statement FY 2021 Revenue 20, 156, 447 Cost of Revenue 12,440, 213 Gross Profit…
A: The objective of this question is to calculate the Times Interest Earned (TIE) ratio for Netflix for…
Q: a. Use the financial statements along with the additional information below to forecast property,…
A: Step 1 As per US GAAP , all the property , plants and equipment's should be present in the books of…
Q: The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019 $…
A: External financing can be defined as additional funds needed from sources outside the firm, in order…
Q: Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current…
A: Horizontal analysis is the analysis made out of the comparison of financial statements for multiple…
Q: You have compiled the following information on Winslow, Inc.: 2019 2020 Assets Cash $ 298 $ 306…
A: cash flow to creditors for 2020 = Interest paid - Net new borrowings
Q: Here is financial information for Metlock, Inc.. Please explain as well :) December 31, 2020…
A: Lets understand the basics. There are two type of analysis are made by the management which are, (1)…
Q: would represent an example of what type of analysis:
A: Financial statements: It refers to the end reports prepared by n organization to report the…
Q: You are provided the following Information of ABC Co.: December 31, 2019 December 31, 2020 $52,000…
A: Solution: Current ratio = Current assets / Current liabilities Current ratio for 2019 = $56,000 /…
Q: Calculate the dividend payout ratio (dividends of $1.25 per common share for the year) for…
A: Weighted average no. of Common stock outstanding = (104,600/0.25+103,800/0.25)/2…
Q: FOR THE YEAR ENDED DECEMBER 31, 2020 Sales Revenue Cost of goods sold Gross Margin Selling and…
A: Statement of cash flows is one of the important financial statement being prepared in business. It…
Q: 2020 2019 Inventories Total Current Assets Total Assets Total Current Liabilities Total Liabilities…
A: The question is related to Ratio Analysis. The Financial information of two years are given and…
Q: The following is the Balance Sheet of Sipchem Corporation for the years 2020 and 2019 SIPCHEM…
A: Vertical analysis is one of the method of financial statement analysis under which all the line…
Q: Just Dew it poration reports the following balance sheet information for 2020 and 2021. Assets…
A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…
Q: Suppose that you have been provided with the following financial information about a company. 2019…
A: Free Cash Flow (FCF) refers to the amount of cash generated by a company after making considerate…
Q: 2019 2020 Net finance charges 32516 22334 Taxation expense 818918 545790 Sales 41638212 42845900…
A: Income Statement The purpose of preparing the income statement to know the net income which are…
Q: Transactions Alex and Hagi decided to open a home cleaning service company, H@L .,. The following…
A: Financial Statement - It is formal records of the financial performance / activities the company /…
Q: Ratios For Amazon.com, Inc. (AMZN)…
A: Ratio analysis includes the computation of ratios using elements of financial statements by keeping…
Q: Forecast income statement - ALL FIGURES IN $ MILLION Financial year ending 31 March 2023 2024 2025…
A: Revenue for 2025 is $210million Working capital requirement for each year is 10% of revenue.…
Q: Selected 2020 balance sheet and income statement information for Vkusno & Tochka Corporation and…
A: Return on assets is a ratio that tells about the profit that generated by the total assets during a…
Q: ABC Co. financial data for 2020 & 2019 are given below: Total Assets Total Liabilities Cash…
A: Ratio Analysis - Ratio Analysis is the technique used to compare two financial years or two…
Q: Applying the Accounting Equation and Calculating Return on Equity and Debt-to-Equity Ratio At the…
A: Debt-to-Equity Ratio: The debt-to-equity ratio is a financial metric that compares a company's total…
Q: BALANCE SHEET, YEAR-END, 2019 Assets Liabilities Current assets Current liabilities Accounts payable…
A: Financing is the process of providing funds for Business Activities, making purchases, or investing.
Q: December 31, 2020 December 31, 2017 Current assets $106,000 $90,000 Plant assets (net) 400,000…
A: Horizontal Analysis refers to the comparative report of the balance sheets of different years.
Q: i need help setting up a horizontal analysis chart Here is financial information for Glitter…
A: Solution:- Preparation of horizontal analysis chart as follows under:-
Q: From the following Balance Sheet of Sami Ltd You are required to prepare a Cash Flow Statement ?…
A: Cash Flow Statement:— It is a Financial Statement shows the change in cash and cash equivalents. It…
Q: he adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Accounts…
A:
Q: An extract from a computer company's 2021 financial statements follows: Balance sheet As of December…
A: Debt equity ratio shows that out of total shareholders equity, how much is being financed with debt…
Q: Presented below are data for Blossom Company 2020 2021 Assets, January 1 $4210 $5000…
A: Stockholders equity = Assets - Liabilities
Q: Here is financial information for Windsor, Inc. December 31, 2022 December 31, 2021 Current assets…
A: Comparative financial statements are used to compare two or more years to understand the financial…
Q: Required information [The following information applies to the questions displayed below.] Selected…
A: A balance sheet refers to a statement that signifies the financial position of the company at a…
Q: An extract from a boat retails 2020 financial statements follows: Income Statement Year ended Dec…
A: Return on Equity = (Net Income / Average Stockholders Equity) x 100Average Stockholders Equity =…
Q: Refine Assumptions for PPE Forecast Following are the income statement and balance sheet for…
A: PPE Valuation: The presentation of PPE (Plant, Property, and Equipment) as per the US GAAP requires…
Q: Here is financial information for Sheridan Inc. Current assets Plant assets (net) Current…
A: Horizontal Analysis: It refers to a technique that is used by a business to analyze or evaluate it's…
Q: Here is financial information for Crane Inc. Current assets Plant assets (net) Current liabilities…
A: The horizontal analysis of the financial statements of the business means analyzing the data of two…
Step by step
Solved in 3 steps with 2 images
- Financial statements for the Genatron Manufacturing Corporation for the years 2020 and 2019 are shown. Genatron Manufacturing CorporationBalance Sheet 2020 2019 ASSETS Cash $41,847 $50,643 Accts. receivable 261,201 201,804 Inventory 504,430 450,954 Total current assets 807,478 703,401 Fixed assets, net 400,000 300,000 Total assets $1,207,478 $1,003,401 LIABILITIES AND EQUITY Accts. payable $170,208 $134,265 Bank loan 91,242 91,242 Accruals 70,000 50,000 Total current liabilities 331,450 275,507 Long-term debt, 12% 392,625 293,723 Common stock, $10 par 300,000 300,000 Capital surplus 48,173 48,173 Retained earnings 135,230 85,998 Total liabilities & equity $1,207,478 $1,003,401 Genatron Manufacturing CorporationIncome Statement 2020 2019…Xyz tradingCondensed comparative balance sheet 2021 2020 2019Assets:Current assets 468,000. 345,600. 300,000Property and equipment 600,000. 560,400. 500,400Other assets(advances ). 72,000. 126,000. 150,000Total assets. 1,140,000. 1,032,000. 950,400Liabilities and stockholders’ equityLiabilitiesCurrent liabilities 134,400. 112,800. 100,00012 % long-term notes payable. 240,000. 300,000 350,000Total liabilities. 374,400. 412,800. 450,000Stockholders’ equity10% preferred stock 120,000. 120,000. 120,000Common stock 300,000 240,000 200,000Additional paid in capital 84,000. 48,000 40,000Retained earnings…Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $ 122,000 $ 100,000 Plant assets (net) 395,456 334,000 Current liabilities 87,764 74,000 Long-term liabilities 129,096 88,000 Common stock, $1 par 166,430 110,000 Retained earnings 134,166 162,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as 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 1 decimal place, e.g. 12.3%.)
- 23. Condensed financial data of Novak Company for 2020 and 2019 are presented below. NOVAK COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,830 $1,180 Receivables 1,710 1,320 Inventory 1,590 1,920 Plant assets 1,890 1,710 Accumulated depreciation (1,220 ) (1,190 ) Long-term investments (held-to-maturity) 1,320 1,440 $7,120 $6,380 Accounts payable $1,190 $890 Accrued liabilities 210 260 Bonds payable 1,400 1,580 Common stock 1,940 1,660 Retained earnings 2,380 1,990 $7,120 $6,380 NOVAK COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,720 Cost of goods sold 4,680 Gross margin 2,040 Selling and administrative expenses 920 Income from operations…Problem 17-2A (Algo) Ratios, common-size statements, and trend percer [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2021 $546,242 328,838 217,404 77,566 49,162 126,728 90,676 16,866 $ 73,810 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income KORBIN COMPANY Comparative Balance Sheets December 31 2020 $ 418,466 263,634 2021 % 154,832 57,748 36,825 94,573 60, 259 12,353 $ 47,906 % $61,141 0 113,547…MOSS COMPANY Selected Balance Sheet Information 2020 At December 31 Current assets Cash Accounts receivable. Inventory Current liabilities. Accounts payable Income taxes payable $ 84,650 25,000 60,000 Sales Cost of goods sold Gross profit 30,400 2,050 2019 $26,800 32,000 54,100 MOSS COMPANY Income Statement For Year Ended December 31, 2020 25,700 2,200 Operating expenses (excluding depreciation) Depreciation expense Income before taxes Income taxes expense Net income $ 515,000 331,600 183,400 121,500 36,000 25,900 7,700 $ 18,200 Use the information above to calculate cash flows from operating activities using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operating activities
- Consider the following abbreviated financial statements for Raines Corp: Current Assets Net fixed assets Raines Corp 2018 and 2019 Partial Balance Sheet Assets 2018 $4,810 2019 $5,930 13,650 16,800 -$3,848.8 -$1,165.8 $381.2 $4,562.8 Liabilities and Owners' Equity 2018 2019 $2,900 $3,150 Current liabilities Common Stock 8,310 8,700 Raines Corp 2019 Income Statement Sales Costs Depreciation Interest paid $25,800 16,050 4,050 The tax rate for 2019 was 34%. Dividends paid during 2019 were $1,300. What is the cash flow from assets for 2019? 1,880Here is financial information for Carla Vista Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $ $ $ $ December 31, 2025 2025 $ Prepare a schedule showing a horizontal analysis for 2025, using 2024 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) $ CARLA VISTA INC. Condensed Balance Sheets $ $109,200 403,500 102,500 125,200 133,200 $ 151,800 $ December 31, 2024 $93,500 2024 353,200 68,200 93,500 118,200 166,800 $ $ $ $ $ Increase or (Decrease) Amount Percent % % % % % % % % % %The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019 Sales Costs EBIT Interest expense Taxable income Taxes (at 216) Net income Dividends Addition to retained earnings Current assets Cash Assets Accounts receivable Inventories Total current assets Net plant and equipment Total assets $22,120 $22,120 $ 240,000 170,000 $70,000 14,000 $ 56,000 11,760 G44,240 BALANCE SHEET, YEAR-END, 2019 7,000 12,000 21,000 $ 40,000 180,000 220,000 Liabilities Current liabilities Accounts payable Total current liabilities Long-term debt Stockholders' equity Common stock plus additional paid-in capital Retained earnings Total liabilities plus stockholders' equity 14,000 14,000 140,000 15,000 $1,000 $220,000
- l-Itihad Corporation Balance SheetDecember 31, 2019AssetsLiability & EquityCurrent AssetsCurrent LiabilityCash$5,000Accounts payable22,000Short term securities10,000Accrual Account8,000Account Receivables30,000Short term debt6,000Inventory32,000Total Current Liability36,000Long-term debt40,000Total Current Assets77,000TotalLiability76,000Long term AssetsEquityNet Property & equipment70,000CommonStocks64,000Retained earnings17,000Total Equity81,000Total Liability and Equity157,000Other assts 10000Total Assets157,000Sur Corporation Income StatementDecember 31, 2019Other Financial information of Sur corporation December 31, 2019Net sales (revenue)$150,000· Average Number of Common shares outstanding 16,000 Shares· Market price of Common share $3.5Cost of goods sold80,000Gross profit70,000Operating expenses30,000EBIT- (Operating profit)40,000Interest expense10,000EBT- ( Earnings before taxes)30,000Income tax 10,000Net Income (net profit)20,000You have to find the following ratios…FILLING IN THE RATIOS .. THE LEFT SIDE IS 2019 THE RIGHT SIDE IS 2020 IN THE IMAGE. Jergan CorporationBalance SheetsDecember 31 2020 2019 2018 Cash $ 30,800 $ 17,600 $ 18,700 Accounts receivable (net) 50,500 44,200 47,100 Other current assets 89,600 94,900 63,900 Investments 55,300 71,000 45,100 Plant and equipment (net) 500,500 370,000 358,500 $726,700 $597,700 $533,300 Current liabilities $85,500 $79,800 $69,400 Long-term debt 144,300 84,100 50,300 Common stock, $10 par 348,000 316,000 304,000 Retained earnings 148,900 117,800 109,600 $726,700 $597,700 $533,300 Jergan CorporationIncome StatementFor the Years Ended December 31 2020 2019 Sales revenue $738,000 $605,500 Less: Sales returns and allowances 39,100 29,900 Net sales 698,900…Seminole Corporation reported the following items at December 31, 2021, and 2020: (Click the icon to view the comparative financial information.) Read the requirements. Requirement 1. Compute the company's (a) quick (acid-test) ratio and (b) days' sales outstanding for 2021. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days. (a) Enter the formula and calculate the quick (acid-test) ratio for 2021. (Abbreviation used: Cash* = Cash and cash equivalents. Round your final answer to two decimal places.) Cash* + Short-term investments + Net current receivables + Total current liabilities = Quick (acid-test) ratio $ Seminole's quick (acid-test) ratio is considered fairly weak. (b) Select the formula and calculate Seminole's days' sales outstanding for 2021. (Round interim calculations to two decimal places, XX.XX. Round the days' sales outstanding up to the next whole day.) Accounts receivable turnover = + Days' sales outstanding Seminole's days'…