Help me to do the TREND ANALYSIS both please please :( BARRY'S SUPERSTOREBARRY'S SUPERSTOREComparative Year-End Income StatementsComparative Year-End Balance SheetsPrior YearCurrent YearPrior Year Current YearNet Sales$100,000$120,000Assets:50,00050,000Cost of Goods Sold60,000Cash$90,000$110,000Gross Profit60,000Accounts Receivable20,00030,000InventoryShort-Term Investments35,00040,000Rent ExpenseDepreciation ExpenseSalaries ExpenseUtility Expense15,000160,00040,000$200,00020,000200,0005,0005,5002,5003,600Total Current AsstesEquipmentTotal Assets50,000$250,0003,0005,4001,5002,500Operating Income38,00043,000Liabilities:Interest ExpenseIncome Tax ExpenseAccounts PayableUnearned RevenueTotal Current Liabilities$ 60,00010,00070,000$ 75,00025,000100,0003,0002,0005,0006,000Net Income$ 30,000$ 35,000Notes Payable40,000110,00050,000Total Liabilities150,000Stockholder EquityCommon Stock75,00080,000Ending Retained EarningsTotal Stockholder EquityTotal Liabilities and Stockholder Equity15,00090,000$200,00020,000100,000$250,000

The financial statements of any company is usually presented for 2 year comparative statement. This…

BARRY'S SUPERSTORE BARRY'S SUPERSTORE Comparative Year-End Income Statements Comparative Year-End Balance Sheets Prior Year Current Year Prior Year Current Year Net Sales $100,000 $120,000 Assets: Cost of Goods Sold 50,000 60,000 Cash $90,000 $110,000 Gross Profit 50,000 60,000 Accounts Receivable 20,000 30,000 Inventory Short-Term Investments 35,000 40,000 Rent Expense Depreciation Expense Salaries Expense Utility Expense 5,000 5,500 15,000 20,000 2,500 3,600 Total Current Asstes 160,000 200,000 50,000 $250,000 3,000 5,400 Equipment Total Assets 40,000 $200,000 1,500 2,500 Operating Income 38,000 43,000 Liabilities: $ 60,000 10,000 70,000 $ 75,000 Interest Expense Income Tax Expense 3,000 5,000 Accounts Payable Unearned Revenue Total Current Liabilities 25,000 2,000 6,000 $ 35,000 100,000 $ 30,000 Notes Payable Net Income 40,000 110,000 50,000 Total Liabilities 150,000 Stockholder Equity Common Stock 75,000 80,000 Ending Retained Earnings Total Stockholder Equity 15,000 90,000 $200,000 20,000 100,000 Total Liabilities and Stockholder Equity $250,000

BARRY'S SUPERSTORE BARRY'S SUPERSTORE Comparative Year-End Income Statements Comparative Year-End Balance Sheets Prior Year Current Year Prior Year Current Year Net Sales $100,000 $120,000 Assets: Cost of Goods Sold 50,000 60,000 Cash $90,000 $110,000 Gross Profit 50,000 60,000 Accounts Receivable 20,000 30,000 Inventory Short-Term Investments 35,000 40,000 Rent Expense Depreciation Expense Salaries Expense Utility Expense 5,000 5,500 15,000 20,000 2,500 3,600 Total Current Asstes 160,000 200,000 50,000 $250,000 3,000 5,400 Equipment Total Assets 40,000 $200,000 1,500 2,500 Operating Income 38,000 43,000 Liabilities: $ 60,000 10,000 70,000 $ 75,000 Interest Expense Income Tax Expense 3,000 5,000 Accounts Payable Unearned Revenue Total Current Liabilities 25,000 2,000 6,000 $ 35,000 100,000 $ 30,000 Notes Payable Net Income 40,000 110,000 50,000 Total Liabilities 150,000 Stockholder Equity Common Stock 75,000 80,000 Ending Retained Earnings Total Stockholder Equity 15,000 90,000 $200,000 20,000 100,000 Total Liabilities and Stockholder Equity $250,000

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

What is the general goal of trend analysis?
Can you please provide me some examples or practice problems to calculate allocation rate?
How do I calculate FIFO and LIFO?
Need help
I need the graph chart for this equation/ answe
Can you show how to do covariance by hand?
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Entries for bank reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016: 1. Cash balance according to the company's records at August 31, 518,130. 2. Cash balance according to the bank statement at August 31, $19,240. 3. Checks outstanding, $3,600. 4. Deposit in transit not recorded by bank, $2,960. 5. A check for $270 in payment of an account was erroneously recorded in the check register as $720. 6. Bank debit memo for service charges, $60. Journaline the entries that should be made by the company that (a) increase cash and (b) decrease cash. If an amount box does not require an entry, leave blank a: 2016 August 31 Cash b. August 31 Accounts Payable ✓
Explain in detail and give example Periodic Concept
What is the formula of IRR manually. Using a calculator?
What is a teaser rate
The easiest way to change the order in a chart is in the __________. Multiple Choice underlying spreadsheet slicer chart options chart itself