Blank 1Blank 2ExampleBlank 3Cash and cashequivalentsTotal assetsAdd your answerAdd your answer2022Add your answer$330Calculate the 2022 Vertical Analysis "Inventory" in % using total assets as your base. Fill in the numerator and denominator usingthe financial statements provided (no symbols or commas) and the answer should be in a XX.XX format: Blank 1; ÷ Blank 2; = Blank3%$2,340Cash Assets0.1410Update to %14.10% information in this worksheet to complete Wk 4 Practice.orthside Medical Balance Sheet December 31, Table 1: A2-C19Current AssetsInvestmentsCurrent liabilitiesSales RevenueCosts and expensesCash and cash equivalentsAccounts receivable (net)InventoryPrepaid expensesTotal current assetsIncome before income taxesProperty, plant, and equipmentIntangibles and other assetsTotal assetsLong-term liabilitiesStockholder's equity - commonTotal liabilities and stockholder's equityIncome Statement For the Years Ended December 31, Table 2: A21-C332022Cost of goods soldSelling and Administrative expensesInterest expenseTotal costs and expenses2022 2021Income tax expenseNet Income3304704601201,380104205302,3409007904103801,0301,0402,340 2.2103,8009552,400253,3803604003901601,31042012629410380510221020213,4608902,330203,24022066154

Vertical analysis is an analysis in which each of the line items of financial statement is showing…

Blank 1 Blank 2 Example Blank 3 Cash and cash equivalents Total assets Add your answer Add your answer 2022 Add your answer $330 Calculate the 2022 Vertical Analysis "Inventory" in % using total assets as your base. Fill in the numerator and denominator using the financial statements provided (no symbols or commas) and the answer should be in a XX.XX format: Blank 1; ÷ Blank 2; = Blank 3% $2,340 Cash + Assets 0.1410 Update to % 14.10%

Blank 1 Blank 2 Example Blank 3 Cash and cash equivalents Total assets Add your answer Add your answer 2022 Add your answer $330 Calculate the 2022 Vertical Analysis "Inventory" in % using total assets as your base. Fill in the numerator and denominator using the financial statements provided (no symbols or commas) and the answer should be in a XX.XX format: Blank 1; ÷ Blank 2; = Blank 3% $2,340 Cash + Assets 0.1410 Update to % 14.10%

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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Maples group Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Increase/(Decrease Assets Cash and cash equivalent 64,990 61,895 ? Accounts receivable 95,100 88,500 ? Inventories 72,500 79,855 ? Fixed Assets, net ? ? ? Total Assets 442,590 395,800 46,790 Liabilities Accounts payable 45,000 58,350 ? Accrued liabilities ? ? ? Long –term notes payable 99,500 128,550 ? Stockholder’ Equity: Common Stock 143,050 105,110 37,940 Retained earnings 43,540 24,290 19,250 Total liabilities and stockholders’ equity 442, 590 395, 800…
Balance Sheet for Bearcat Hathaway, 2022 2021 2022 Cash Accounts. Receivable $5,268,485 $10,268,485 Inventory $529,062 $696,685 Current Assets $8,371,777 $13,279,842 Less $2,574,230 $2,314,672 Gross Fixed Assets $16,251,665 $20,567,330 Accum.Depreciation Total Assets $7,460,897 $10,117,819 Accounts Payable Notes. Payable Current Liabilities Calculate the net working capital in 2022. Long Termi Debt Total Liabilities, None of these options are correct $10,572,740 $5,664,675 $8,854,338 $3,946,273 Total $17,162,545 $23,729,353 Liabilities and Equity Capital Surplus Retained. Earnings 2021 2022 $1,673,992 $2,438,271 Common Net Fixed Assets $8,790,768 $10,449,511 Stock ($0.50 $1,300,000 $1,600,000 par) $1,033,110 $1,987,233 $2,707,102 $4,425,504 $9,242,830 $11,468,302 $11,949,932 $15,893,806 $1,148,120 $1,800,969 $2,764,493 $4,434,578 $17,162,545 $23,729,353
perience p....pptm ^ Type here to search w X # 3 E Coronado Company's condensed financial statements provide the following information. C Cash Accounts receivable (net) Short-term investments Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Total assets Current liabilities ACC341-2022-Ho....xlsx $ 4 Bonds payable R F % 5 O CORONADO COMPANY BALANCE SHEET T At O+ 6 V B ▶ music 2.jpeg n H & 7 Dec. 31, 2020 $52,100 197,700 80,800 442,700 3,000 $776,300 849,900 $1,626,200 237,700 401,800 U 20 8 J Dec. 31, 2019 $60,200 O 80,800 39,600 N M 360,200 $547,700 849,900 $1,397,600 6,900 155,700 ( 401,800 9 W K F11 ) O 0 888 P Home End C Rair Inse
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…
The following is an example of: Cash Accounts receivable Inventory Equipment Total assets 10 Multiple Choice O O Ratio analysis. Horizontal analysis. Vertical analysis. Year NOV 17 2024 $300,000 500,000 800,000 1,200,000 $2,800,000 $2,600,000 2023 $800,000 200,000 700,000 900,000 ST 2
hw6 q1 Consider the following balance sheet and income statement for Mmm Good Foods Incorporated (the company that operates Tasty Fried Chicken and Pizza Party), in condensed form, including some information from the cash flow statement: (amounts are in millions) Mmm Good Foods Incorporated Balance Sheet 2019 Cash and short-term Investments $ 719 Accounts receivable 385 Inventory 51 Other current assets 447 Long-lived assets 4,086 Total assets $ 5,688 Current liabilities $ 1,444 Total liabilities 11,164 Noncontrolling interest Shareholders’ equity (5,476) Total liabilities and equity $ 5,688 Income Statement Sales $ 6,516 Cost of sales 3,573 Gross margin $ 2,943 Earnings before interest and taxes $ 1,640 Interest 322 Taxes 339 Income from discontinued operations 610 Net income $ 1,589 Share price $ 78 Earnings per share 5.61 Number of outstanding shares (millions) 356.5 Cash Flows Cash flow from operations $ 1,219…
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