5 Questions:Cost of goods soldCashDepreciationInterest expenseSelling & Administrative.Accounts payableNet fixed assetsSalesAccounts receivableNotes payableLong-term debtInventoryNew equityTax rateDividend percentage7 1. Complete Income Statement of 2010 & 20112. Complete Balance Sheet of 2010 & 20122010196,61928,37255,50612,06738,66820,143244,881385,72420,10422,855123,60738,70630%35%652011248,26342,86562,73813,83150,46934,091298,350470,17226,07824,955140,00052,05715,000+ 2010 Income StatementSalesCost of goods soldSelling & AdministrativeDepreciationEBITInterestEBTTaxesNet IncomeDividendsAddition to retained earningsCashAccounts receivableInventoryCurrent assetsNet fixed assetsTotal assetsCashAccounts receivableInventoryCurrent assetsNet fixed assetsTotal assetsout 2011 Cash From Operating Activities.Balance sheet as of Dec. 31, 2010Balance sheet as of Dec. 31, 2011Accounts payableNotes payableCurrent liabilitiesLong-term debtOwners' equityTotal lab. & equityAccounts payableNotes payableCurrent labilitiesLong-term debtOwners' equityTotal liab. & equity2011 Income StatementSalesCost of goods soldSelling & AdministrativeDepreciationEBITInterestEBTTaxesNet incomeDividends -Addition to retained earnings

Income Statement :— An income statement is a financial report detailing a company's income and…

5 Questions: Cost of goods sold Cash Depreciation Interest expense Selling & Administrative Accounts payable Net fixed assets Sales Accounts receivable Notes payable Long-term debt Inventory New equity Tax rate Dividend percentage 7 1. Complete Income Statement of 2010 & 2011 2. Complete Balance Sheet of 2010 & 2012 2010 196,619 28,372 55,506 12,067 38,668 20,143 244,881 385,724 20,104 22,855 123,607 38,706 30% 35% 65 2011 248,263 42,865 62,738 13,831 50,469 34,091 298,350 470,172 26,078 24,955 140,000 52,057 15,000

5 Questions: Cost of goods sold Cash Depreciation Interest expense Selling & Administrative Accounts payable Net fixed assets Sales Accounts receivable Notes payable Long-term debt Inventory New equity Tax rate Dividend percentage 7 1. Complete Income Statement of 2010 & 2011 2. Complete Balance Sheet of 2010 & 2012 2010 196,619 28,372 55,506 12,067 38,668 20,143 244,881 385,724 20,104 22,855 123,607 38,706 30% 35% 65 2011 248,263 42,865 62,738 13,831 50,469 34,091 298,350 470,172 26,078 24,955 140,000 52,057 15,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Find the Net Sales
Ratios Calculated Year 1 Year 2 3.64 +Q+ Price-to-cash-flow 5.20 Inventory turnover 10.40 Debt-to-equity 0.70 8.32 0.56 Year 3 2.91 6.66 0.45 Based on the preceding information, your calculations, and your assumptions, which of the following statements can be included in your analysis report? Check all that apply. Cold Goose Metal Works Inc.'s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.70 to 0.45. A decline in the inventory turnover ratio can be explained by the new Inventory management system that the company recently adopted, which led to more efficient inventory management. A decline in the debt-to-equity ratio implies a decline in the creditworthiness of the firm. A plausible reason why Cold Goose Metal Works Inc.'s price-to-cash-flow ratio has decreased is that investors expect lower cash flow per share in the future.
Cash Accounts Receivable, Net Inventory Property, Plant and Equipment, net Total Assets Accounts Payable Mortgage Payable Common Stock, par $5 Retained Earnings Total Liabilities and Owners' Equity Sales for the year Cost of Goods Sold Net Income for the year 2021 25 65 50 140 280 50 100 90 40 280 4. Calculate the earnings per share. Show work. A. $3.00 B. $4.00 $100 C. $2.00 D. $2.50 50 36 2. Using horizontal analysis, what is the change in inventory? A. 35% increase B. 35% decrease C. 25% increase D. 25% decrease Using the information above, answer the following questions. 1. Using vertical analysis, what percentage is Mortgage Payable for year 2021? Show work. A. 34.23% B. 35.71% C. 40% D. 36.71% 3. Calculate the Accounts Receivable Turnover. Show work A. 1.6 times B. 1.6% C. 1.8 times D. 1.8% 2020 30 60 40 155 285 60 110 90 25 285
Answer Using the Pictures 4) Evaluate the information from (i) two liquidity ratios (ii) four debt management ratios (iii) four profitability ratios
Find in Amount ($) and Percentage(%) for Year 2 over Year 1: Income Statement - (a) Operating Expense and interest expense (b) Earnings before income taxes (c) Income tax expenses
Help me answer this thank you
Operating profit 43-7 Sales revenue 910-4 Share capital and reserves 182-3 Long-term borrowing 77-9 Inventory 46-2 Receivables 97-8 Payables 51:3 Calculate the following: GReturn on Cepitatemployest (i Assetturnover (ii) Current ratio (iv) Acid test (quick) ratio
Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accounts payable Salaries payable Income tax payable Total current liabilities (a1) a. $8,600 Current ratio 12,900 b. Quick ratio 145,000 5,200 $171,700 $53,300 3,600 1,000 $57,900 2024 $30,100 10,300 :1 105,000 $152,300 :1 6,900 $40,400 5,000 1,000 $46,400 $27,100 7,700 100,000 During 2024, credit sales and cost of goods sold were $138,040 and $82,500, respectively. The 2023 and 2022 credit sales were $151,200 and $151,840, respectively, and the cost of goods sold for the same periods were $79,950 and $82,325, respectively. The accounts receivable and inventory balances at the end of 2021 were $6,900 and $85,000, respectively. 5,600 $140,400 Using the above data, calculate the following ratios: (Round receivables turnover ratio and average collection period to 1 decimal place, e.g. 15.2, days to sell inventory to 0 decimal places, e.g. 152 and all other answers to 2 decimal…
Find Percentages and show work
14- Given the following data; TOTAL SALES OMR 250000 CASH SALES OMR 125000 SALES RETURN OMR 5000 OPENING SUNDRY DEBTORS OMR 20000 CLOSING SUNDRY DEBTORS OMR 10000 What will be the Debtors Turnover Ratio (DTR)? a. 8 b. 16 c. 6 d. 5
Subject - Acounting
6