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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
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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Help me to do the TREND ANALYSIS both please please :(

 

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