CashAccounts receivableEquipment, netLandTotal assetsCashAccounts receivableEquipment, netCurrent Year$ 11,50061,50059,00099,000$ 231,000LandTotal assetsQS 13-6 (Algo) Vertical analysis LO P2Express the items in common-size percents.Note: Round your percentage answers to one decimal place.Current Year%Prior Year$ 14,20027,088%52,00073,500$ 166,700Prior Year%

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Description: CashAccounts receivableEquipment, netLandTotal assetsCashAccounts receivableEquipment, netCurrent Year$ 11,50061,50059,00099,000$ 231,000LandTotal assetsQS 13-6 (Algo) Vertical analysis LO P2Express the items in common-size percents.Note: Round your

The Statement of Financial Position -The statement of financial position is the position of the…

Business

Accounting

Cash Accounts receivable Equipment, net Land Total assets Cash Accounts receivable Equipment, net $ 11,500 61,500 59,000 99,000 $ 231,000 QS 13-6 (Algo) Vertical analysis LO P2 Express the items in common-size percents. Note: Round your percentage answers to one decimal place. Land Total assets Current Year $ 14,200 27,000 52,000 73,500 $ 166,700 % % % Prior Year % % %

Cash Accounts receivable Equipment, net Land Total assets Cash Accounts receivable Equipment, net $ 11,500 61,500 59,000 99,000 $ 231,000 QS 13-6 (Algo) Vertical analysis LO P2 Express the items in common-size percents. Note: Round your percentage answers to one decimal place. Land Total assets Current Year $ 14,200 27,000 52,000 73,500 $ 166,700 % % % Prior Year % % %

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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Problem 13-2A (Algo) Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales Cost of goods sold $ 402,346 $ 308,230 242,212 $ 213,900 194,493 136,896 Gross profit 160,134 113,737 77,004 Selling expenses 57,133 42,536 28,235 Administrative expenses 36,211 27,124 17,754 Total expenses 93,344 69,660 45,989 Income before taxes Income tax expense 66,790 44,077 31,015 12,423 9,036 6,296 Net income $ 54,367 $ 35,041 $ 24,719 KORBIN COMPANY Comparative Balance Sheets December 31 Assets Current assets Long-term investments Plant assets, net Total assets Current liabilities Liabilities and Equity Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 180,932 2021 $ 63,959 116,973 0 2020 $ 42,808 800 106,691 $ 180,932 $ 150,299 $…
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Calculate Forterra's cumulative translated gain/loss for 20X3 using the functional currency method.
Aa.1
A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below. Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.) SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) Cash $433 29 % Current Liabilities $409 27 % Accounts Receivable 294 19 Long-term Liabilities 495 33 Inventory 206 14 Total Liabilities 904 Other Current Assets 109 Common Stock 118 Property and Equipment 27 2 Retained Earnings 492 32 Other Assets 445 29 Total Stockholders’ Equity 610 Total Assets $1,514 100 % Total Liabilities & Stockholders’ Equity $1,514 100 % 2A. What percentage of Simultech’s total assets relate to inventory? (Round your answer to the nearest whole percent.) 2B. What percentage of Simultech’s total assets relate to property…
Year Net Cash Flow Discount Factor Present Value (using the factor) Present Value (using Excel formula) 0 $ (3,500,000.00) 1 $(3,500,000.00) ($3,500,000.00) 1 $900,000.00 0.90909 $818, 181.00 $818, 181.82 2 $ 900,000.00 0.82645 $743,805.00 $743, 801.65 3 $900,000.00 0.75131 $676, 179.00 $676, 183.32 4 $ 900,000.00 0.68301 $614,709.00 $614,712.11 5 $900,000.00 0.62092 $558, 828.00 $558,829.19 Net Present Value $(88,298.00) $(88,291.91) 3. Now assume that inflation is estimated as a 5% increase each year (starting with Year 1) for the entire 5 years. Calculate the new net cash flow values for each year. Hint: You should start with 5% increase for Year 1 net cash flow.
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
Question Content Area What type of analysis is indicated by the following? Increase (Decrease) Current Year Preceding Year Amount Percent Current assets $430,000 $500,000 $(70,000) (14%) Fixed assets 1,740,000 1,500,000 240,000 16 a.vertical analysis b.liquidity analysis c.horizontal analysis d.common-size analysis
Year Net Cash Flow Discount Factor Present Value (using the factor) Present Value (using Excel formula) 0 $ (3,500,000.00) 1 $ (3,500,000.00) ($3,500,000.00) 1 $ 900,000.00 0.90909 $ 818,181.00 $818,181.82 2 $ 900,000.00 0.82645 $ 743,805.00 $743,801.65 3 $ 900,000.00 0.75131 $ 676,179.00 $676,183.32 4 $ 900,000.00 0.68301 $ 614,709.00 $614,712.11 5 $ 900,000.00 0.62092 $ 558,828.00 $558,829.19 Net Present Value $ (88,298.00) $ (88,291.91) 3. Now assume that inflation is estimated as a 5% increase each year (starting with Year 1) for the entire 5 years. Calculate the new net cash flow values for each year. start with 5% increase for Year 1 net cash flow. Year Net Cash Flow 0 $…
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