Activity 2: Prepare a vertical analysis of DEF Statement of Financial Position and Statement of Comprehensive Income. DEF Company Statement of Financial Position As of December 31, 2016 ASSETS Cash 500,000 80,000 Accounts Receivable Inventory Land Patent Total Assets 60,000 700,000 90.000 1.430,000 100% LIABILITIES Accounts Payable Notes Payable Total Liabilities 400,000 250,000 650,000 OWNER'S EQUITY X's Capital Total Liabilities & OE 780,000 1,430.000 100% DEF Company Statement of Comprehensive Income As of December 31, 2016 Net Sales Less: COGS Gross Profit Less: Operating Expenses Operating Income Less: Interest Expense Net Income before Tax 950,000 180.000 770,000 180,000 590,000 25,000 565,000 180,000 385.000 100% Less: Income Tax Net Income after Tax

Activity 2: Prepare a vertical analysis of DEF Statement of Financial Position and Statement of Comprehensive Income. DEF Company Statement of Financial Position As of December 31, 2016 ASSETS Cash 500,000 80,000 Accounts Receivable Inventory Land Patent Total Assets 60,000 700,000 90.000 1.430,000 100% LIABILITIES Accounts Payable Notes Payable Total Liabilities 400,000 250,000 650,000 OWNER'S EQUITY X's Capital Total Liabilities & OE 780,000 1,430.000 100% DEF Company Statement of Comprehensive Income As of December 31, 2016 Net Sales Less: COGS Gross Profit Less: Operating Expenses Operating Income Less: Interest Expense Net Income before Tax 950,000 180.000 770,000 180,000 590,000 25,000 565,000 180,000 385.000 100% Less: Income Tax Net Income after Tax

Name: GRADE 12% of assetsCash200,000200.000/1.400,000 = 14.3%Accounts Recei
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Description: GRADE 12% of assetsCash200,000200.000/1.400,000 = 14.3%Accounts Receivable400,000400,000/1,400,000 = 28.6%Inventory250.000250,000/1,400,000 = 17.9%Equipment550,000550.000/1.400.000 = 39.3%Total Assets1,400,000Sum of the components is 100%Accounts Pa

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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Vertical Analysis of Balance Sheet Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below. 20Y2 20Υ1 Current assets $ 752,000 $ 602,000 Property, plant, and equipment 6,248,000 5,397,000 Intangible assets 1,000,000 1,001,000 Current liabilities 504,000 427,000 Long-term liabilities 1,504,000 1,197,000 Common stock 1,248,000 1,253,000 Retained earnings 4,744,000 4,123,000 | Prepare a comparative balance sheet for 20Y2 and 20Y1, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. Round your answers to one decimal place. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 Amount 20Y2 Percent 20Y1 Amount 20Y1 Percent Assets Current assets $752,000 % $602,000 % Property, plant, and equipment 6,248,000 5,397,000 Intangible assets 1,000,000 1,001,000
A comparative statement of financial position for Blue Spruce Industries Inc. follows: BLUE SPRUCE INDUSTRIES INC. Statement of Financial Position December 31, 2023 Assets Cash Accounts receivable Inventory. Land Equipment Accumulated depreciation-equipment Total Liabilities and Shareholders' Equity Accounts payable Bonds payable Common shares Retained earnings Total Additional information: 1 2. 3. vi December 31 2023 $22,800 122,000 234,000 77,000 269,000 (70,300) $654,500 $52,400 163,800 233,000 205,300 $654,500 No equipment was sold during the year. 2022 $35,800 55,600 191.000 Net income for the fiscal year ended December 31, 2023, was $130,000. Cash dividends of $48,300 were declared and paid. Dividends paid are treated as financing activities. Bonds payable amounting to $50,000 were retired through the issuance of common shares. 4. Land was sold at a gain of $4,000 125.000 216.000 (43,500) $579,900 $59,500 213,800 183,000 123.600 $579,900
Please provide the following: • Horizontal Analysis • Vertical Analysis
Exercise #5 Bronx Company provided the following financial statements for the years 2011 and 2012: Assets 2012 31,000 2011 53,000 87,000 346,000 432,000 918,000 1,113,00 2031,000 Cash Marketable securities Accounts receivable 528,000 683,000 1,242,00 1,398,000 2,640,000 Inventories Current assets Net fixed assets Total Assets Liabilies &Equity Accounts payable Accrued expenses Bank borwings Current labilties Common stock Retained eamings Totalliabilities & equity 413,000 226,000 100,000 739.000 100,000 1,192.000 2031.000 627,000 314000 235,000 1,176,000 100,000 1,364,00 2, 640,000 Note: For 2012, depreciation was P189,000 interest paid was P21,000; taxes paid amounted to P114,000; and no dividends were paid. Required: Prepare a statement of cash flows using the indirect method. Create charts using Excel to highlight the firm's flow of cash.
Question Content Area The following information was taken from Slater Company's balance sheet: Line Item Description Amount Fixed assets (net) $2,850,130 Long-term liabilities 554,500 Total liabilities 1,135,990 Total stockholders' equity 2,417,000 Determine the company’s (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders’ equity. Round your answers to one decimal place. Line Item Description Answer a. Ratio of fixed assets to long-term liabilities fill in the blank 1 b. Ratio of liabilities to stockholders' equity
Please make solve part (d to f)
CABOT CORPORATIONBalance SheetDecember 31 Assets Liabilities and Equity Cash $ 10,000 Accounts payable $ 19,500 Short-term investments 8,000 Accrued wages payable 3,400 Accounts receivable, net 33,600 Income taxes payable 2,900 Merchandise inventory 42,150 Long-term note payable, secured by mortgage on plant assets 66,400 Prepaid expenses 2,800 Common stock 83,000 Plant assets, net 147,300 Retained earnings 68,650 Total assets $ 243,850 Total liabilities and equity $ 243,850 Required:Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity. (Do not round intermediate calculations.)
Subject: acounting
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Please fill out vertical analysis of this balance sheet to determine component percentage of assets liabilities and stockholders equity based on data. Round percentages to the nearest hundredths percent
Kk. 251.
ok 7 ences The balance sheet of XYZ Company is shown below. What is the Net Working Capital for the company? LIABILITIES & OWNERS' EQUITY Current liabilities Long-term debt Owners' equity Total liabilities and equity Mc graw Hill ! 1 ASSETS Current assets Net fixed assets A Total assets N Multiple Choice @ 2 C W S $180 $860 $1,800 $1,560 #3 X 80 E $ 300 1,500 D $1,800 4 R F olo 5 % U 00 * $ 240 700 860 $1,800 8 A J ( 1 9 K N M )