Income Statement Russell Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2025 Industry Russell Average Net Sales Revenue $ 783,000 100.0 % Cost of Goods Sold 526,176 65.8 Gross Profit 256,824 34.2 163,647 19.7 Operating Expenses Operating Income 93,177 14.5 7,047 0.4 Other Expenses $ 86,130 14.1 % Net Income Balance Sheet Russell Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2025 Industry Russell Average Current Assets 331,240 70.9 % Property, Plant, and Equipment, Net 128,380 23.6 Intangible Assets, Net 7,350 0.8 23,030 4.7 Other Assets $ 490,000 100.0 % Total Assets Current Liabilities 226,870 48.1% Long-term Liabilities 111,720 16.6 Total Liabilities 338,590 64.7 151,410 35.3 Stockholders' Equity Total Liabilities and Stockholders' 490,000 100.0 % Cauit

Income Statement Russell Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2025 Industry Russell Average Net Sales Revenue $ 783,000 100.0 % Cost of Goods Sold 526,176 65.8 Gross Profit 256,824 34.2 163,647 19.7 Operating Expenses Operating Income 93,177 14.5 7,047 0.4 Other Expenses $ 86,130 14.1 % Net Income Balance Sheet Russell Department Stores, Inc. Balance Sheet Compared with Industry Average December 31, 2025 Industry Russell Average Current Assets 331,240 70.9 % Property, Plant, and Equipment, Net 128,380 23.6 Intangible Assets, Net 7,350 0.8 23,030 4.7 Other Assets $ 490,000 100.0 % Total Assets Current Liabilities 226,870 48.1% Long-term Liabilities 111,720 16.6 Total Liabilities 338,590 64.7 151,410 35.3 Stockholders' Equity Total Liabilities and Stockholders' 490,000 100.0 % Cauit

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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Assets Fixed assets: Property, plant equipment (net) Total fixed assets Current assets: Inventory and Accounts Receivable (net) Cash and cash equivalents Total current assets Total assets 20X8 750,000 750,000 574,800 235,600 81,200 891,600 1,641,600 Sanborn Corporation Comparative Balance Sheets in € December 31, 20X8 and 20X7 Liabilities 20X7 720,000 720,000 594,800 229,200 40,800 864,800 1,584,800 Stockholders' Equity Stockholders' equity: Common stock 10 par value Retained earnings Total equity Long-term liabilities: Bonds payable Total stockholders' long-term liabilities Current liabilities: Notes payable Accounts payable Total current liabilities Total liabilities Total liabilities stockholders' equity 20X8 400,000 374,000 774,000 400,000 400,000 200,000 267.600 467,600 867,600 & 1,641,600 20X7 400,000 307,600 707,600 400,000 477,200 877,200 877,200 1,584,800 Comment on the results in requirements 1 and 2 by identifying favourable and unfavourable changes in the components and…
Cullumber Company has these comparative balance sheet data: CULLUMBER COMPANYBalance SheetsDecember 31 2022 2021 Cash $ 16,350 $ 32,700 Accounts receivable (net) 76,300 65,400 Inventory 65,400 54,500 Plant assets (net) 218,000 196,200 $376,050 $348,800 Accounts payable $ 54,500 $ 65,400 Mortgage payable (15%) 109,000 109,000 Common stock, $10 par 152,600 130,800 Retained earnings 59,950 43,600 $376,050 $348,800 Additional information for 2022: 1. Net income was $34,000. 2. Sales on account were $383,300. Sales returns and allowances amounted to $26,600. 3. Cost of goods sold was $200,600. 4. Net cash provided by operating activities was $59,000. 5. Capital expenditures were $26,400, and cash dividends were $16,500. (d) Inventory turnover. enter inventory turnover in times rounded to 2 decimal places times (e)…
Cullumber Company has these comparative balance sheet data: CULLUMBER COMPANYBalance SheetsDecember 31 2022 2021 Cash $ 16,350 $ 32,700 Accounts receivable (net) 76,300 65,400 Inventory 65,400 54,500 Plant assets (net) 218,000 196,200 $376,050 $348,800 Accounts payable $ 54,500 $ 65,400 Mortgage payable (15%) 109,000 109,000 Common stock, $10 par 152,600 130,800 Retained earnings 59,950 43,600 $376,050 $348,800 Additional information for 2022: 1. Net income was $34,000. 2. Sales on account were $383,300. Sales returns and allowances amounted to $26,600. 3. Cost of goods sold was $200,600. 4. Net cash provided by operating activities was $59,000. 5. Capital expenditures were $26,400, and cash dividends were $16,500. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal…
Account
ABC Industry and Trade Inc. Balance Sheet as of 31.12.2020 (TL) transactions ASSETS(Assets) I-Current Assets Ready Values Securities Commercial debts Stocks Other Current Assets Current Assets Total I-Fixed Assets Financial Fixed Assets Tangible Fixed Assets Total Fixed Assets TOTAL ASSETS 31.12.2020 Amount Vertical Percent (%) 360.000 12 45.000 1.5 870.000 29 840.000 28 255.000 8.5 2.370.000 79 390.000 13 240.000 8. 630.000 21 3.000.000 100 LIABILITIES(RESOURCES) l-Short Term Liv. resources Financial Debts Trade payables Short Term Foreign Resource Total Il-Long-Term Liabilities Financial Debts Long Term Liv. Source Ball. III-Equity Paid-in capital Profit Reserves Net profit for the period Previous Year's profit Total Equity TOTAL LIABILITIES (RESOURCES) 39.000 1.3 120.000 4 159.000 5.3 81.000 2.7 81.000 2.7 120.000 4 420.000 14 1.950.000 65 270.000 9 2.760.000 92 3.000.000 100 Requested: Calculate the vertical percentages of the Balance Sheet items of ABC Sanayi ve Ticaret A.Ş. dated…
Condensed financial data of Crane Inc. follow. CRANE INC.Comparative Balance SheetsDecember 31 Assets 2022 2021 Cash $117,100 $47,400 Accounts receivable 93,000 32,700 Inventory 111,400 102,700 Prepaid expenses 30,000 25,300 Long-term investments 141,000 113,100 Plant assets 274,700 241,500 Accumulated depreciation (46,100) (51,500) Total $721,100 $511,200 Liabilities and Stockholders’ Equity Accounts payable $111,300 $67,100 Accrued expenses payable 16,100 17,400 Bonds payable 118,400 149,600 Common stock 220,900 174,000 Retained earnings 254,400 103,100 Total $721,100 $511,200 CRANE INC.Income StatementFor the Year Ended December 31, 2022…
Condensed financial data of Crane Inc. follow. CRANE INC.Comparative Balance SheetsDecember 31 Assets 2022 2021 Cash $117,100 $47,400 Accounts receivable 93,000 32,700 Inventory 111,400 102,700 Prepaid expenses 30,000 25,300 Long-term investments 141,000 113,100 Plant assets 274,700 241,500 Accumulated depreciation (46,100) (51,500) Total $721,100 $511,200 Liabilities and Stockholders’ Equity Accounts payable $111,300 $67,100 Accrued expenses payable 16,100 17,400 Bonds payable 118,400 149,600 Common stock 220,900 174,000 Retained earnings 254,400 103,100 Total $721,100 $511,200 CRANE INC.Income StatementFor the Year Ended December 31, 2022…
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current assets Property, plant, and equipment Intangible assets Current liabilities Long-term liabilities Common stock Retained earnings Current Year Previous Year $168,720 485,070 49,210 84,360 309,320 98,420 210,900 $271,730 534,090 131,180 178,030 393,540 103,070 262,360 A Prepare a comparative balance sheet for both years, 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 percentages to nearest "whole" number.
Crane Company has these comparative balance sheet data: CRANE COMPANYBalance SheetsDecember 31 2022 2021 Cash $ 27,105 $ 54,210 Accounts receivable (net) 126,490 108,420 Inventory 108,420 90,350 Plant assets (net) 361,400 325,260 $623,415 $578,240 Accounts payable $ 90,350 $ 108,420 Mortgage payable (15%) 180,700 180,700 Common stock, $10 par 252,980 216,840 Retained earnings 99,385 72,280 $623,415 $578,240 Additional information for 2022: 1. Net income was $27,900. 2. Sales on account were $382,300. Sales returns and allowances amounted to $29,000. 3. Cost of goods sold was $207,500. 4. Net cash provided by operating activities was $57,000. 5. Capital expenditures were $28,900, and cash dividends were $17,900. Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal…
Condensed financial data of Concord Inc. follow. CONCORD INC.Comparative Balance SheetsDecember 31 Assets 2022 2021 Cash $80,500 $48,700 Accounts receivable 87,900 38,600 Inventory 111,900 102,100 Prepaid expenses 29,400 27,900 Long-term investments 139,800 113,700 Plant assets 284,200 241,900 Accumulated depreciation (47,700) (49,100)    Total $686,000 $523,800 Liabilities and Stockholders’ Equity Accounts payable $106,000 $63,700 Accrued expenses payable 16,500 21,200 Bonds payable 117,100 149,500 Common stock 219,000 175,100 Retained earnings 227,400 114,300    Total $686,000 $523,800 CONCORD INC.Income StatementFor the Year Ended December 31, 2022 Sales revenue $382,500 Less:      Cost of goods sold…
Selected comparative statement data for Oriole Company are presented below. All balance sheet data are as of December 31. 20222021Net sales$1,165,000 $1,125,000Cost of goods sold705,000 645,000Interest expense20,000 15,000Net income154,945 145,000Accounts receivable145,000 125,000Inventory105,000 100,000Total assets785,000 700,000Preferred stock (6%)205,000 200,000Total stockholders’ equity635,000 525,000 Compute the following ratios for 2022. (Round answers to 1 decimal place, e.g. 1.8 or 2.5%) (a)Profit marginenter the profit margin in percentages  %(b)Asset turnoverenter the asset turnover in times  times(c)Return on assetsenter the return on assets in percentages  %(d)Return on common stockholders’ equityenter the return on common stockholders' equity in percentages  %
React Corporation Comparative Statements of Financial Position December 31, 2025 and 2024 2025 2024 Assets      Current Assets            Cash & Cash Equivalent 106,789 102,375           Trade & Other Receivables 327,611 277,467           Inventory 331,863 297,654           Prepaid Expenses 101,565 114,813       Total Current Assets 870,828 792,309      Noncurrent Assets           Property, Plant & Equipment           Intangibles 135,754 166,481      Total Noncurrent Assets 7,500 7,500 TOTAL ASSETS 143,254 173,981 1,014,082 966,290 Liabilities and Shareholders’ Equity      Current Liabilities           Trade & Other Payables           Unearned Revenues 238,000 208,703           Notes Payables - current 107,508 82,456     Total Current Liabilities 45,000 45,000…