Comparative Balance Sheets May 31 (S in millions) 2020 2019 Assets Current assets $ 10,179 $8,700 Property, plant, and equipment (net) 1,890 1,800 Other assets 1,404 1,800 Total assets $13,473 $12,300 Liabilities and Stockholders' Equity Current liabilities $3,564 $3,600 Long-term liabilities 1,344 1,400 Stockholders' equity 8,565 7,300 Total liabilities and stockholders' equity $13,473 $12,300 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet (S in millions) Increase Percen 2020 2019 (Decrease) Change fr Assets Current $10,179 $8,700 2$ assets Property, plant & 1,890 1,800 equipment (net) Other assets 1,404 1,800 Total Assets $13,473 $12,300 Liabilities and Stockholders' Equity Current $3,566 liahilitie as

Comparative Balance Sheets May 31 (S in millions) 2020 2019 Assets Current assets $ 10,179 $8,700 Property, plant, and equipment (net) 1,890 1,800 Other assets 1,404 1,800 Total assets $13,473 $12,300 Liabilities and Stockholders' Equity Current liabilities $3,564 $3,600 Long-term liabilities 1,344 1,400 Stockholders' equity 8,565 7,300 Total liabilities and stockholders' equity $13,473 $12,300 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base. (Show the amount of increase or decrease as well.) (Enter amounts in millions. Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) NIKE, INC. Condensed Balance Sheet (S in millions) Increase Percen 2020 2019 (Decrease) Change fr Assets Current $10,179 $8,700 2$ assets Property, plant & 1,890 1,800 equipment (net) Other assets 1,404 1,800 Total Assets $13,473 $12,300 Liabilities and Stockholders' Equity Current $3,566 liahilitie as

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

Balance Sheet for Bearcat Hathaway, 2022 2021 2022 Cash Accounts Receivable Inventory Current Assets Accum.Depreciation Net Fixed Assets Gross Fixed Assets $16,251,665 $20,567,330 Less $7,460,897 $10,117,819 Total Assets O 11.58% O 44.90% O 8.37% $5,268,485 $10,268,485 O 4.35% $2,574,230 $2,314,672 O 6.02% $529,062 $696,685 $8,371,777 $13,279,842 Total Liabilities and Equity What is the common size value for 2022 Notes Payable? $8,790,768 $10,449,511 $17,162,545 $23,729,353 Current Liabilities 2021 Accounts Payable Notes Payable $1,033,110 $1,987,233 2022 $1,673,992 $2,438,271 $2,707,102 $4,425,504 Long Term Debt $9,242,830 $11,468,302 Total Liabilities $11,949,932 $15,893,806 Common Stock ($0.50 par) $1,300,000 $1,600,000 Capital Surplus $1,148,120 $1,800,969 Retained $2,764,493 $4,434,578 Earnings $17,162,545 $23,729,353
reparing a Cash Flow Worksheet Guccii Corporation’s recent comparative balance sheet and income statement follow: Balance Sheets, December 31 2019 2020 Assets Cash and cash equivalents $63,000 $90,300 Investments, short-term 0 12,600 Accounts receivable, net 71,400 88,200 Merchandise inventory 42,000 63,000 Investments, long-term 0 42,000 Plant assets, net 252,000 247,800 Patents 12,600 11,340 Other assets 29,400 29,400 Total assets $470,400 $584,640 Liabilities and Stockholders’ Equity Accounts payable $50,400 $92,400 Accrued expenses payable 0 36,540 Bonds payable 168,000 84,000 Common stock, par $10 147,000 168,000 Additional paid-in capital 0 18,900 Retained earnings 105,000 184,800 Total liabilities and stockholders’ equity $470,400 $584,640 Income Statement,For Year Ended December 31 2020 Sales revenue $436,800 Cost of goods sold (231,000) Depreciation expense (33,600) Patent amortization (1,260) Other…
s
Barakah Company Balance Sheet as at 31st December 2019 Financed by: Fixed Assets (net after depreciation) 2$ $ Paid-up: Share Capital Retained Earnings Reserves 350,500 200,500 150,000 50,000 Land & Buildings 600,000 155,500 75,000 830,500 Equipment Vehicles Fixtures & Fittings Long Term Liabilities 25,000 751,000 Current Assets 125,000 Accounts Receivable 215,000 10,000 110,000 20,000 1,231,000 Inventory Current Other payables Trade creditors Liabilities 100,000 245,500 Prepayments Cash at Bank Cash in Hand Accrued expense 30.000 375,500 1,231.000 Additional Information: i) Work-in-Progress is one sixth of the total Inventory. Prepayments is related to rental of buildings. ii) ii) Bad Debts is 5% for the year. iv) Non Muslim ownership is at 20%. Required: Determine the zakat base and due for the company using: (a) Net Current Assets method; and (b) Net Invested Fund Method.
What is the Financial Analysis of each year?
KIBAN INCORPORATED Comparative Balance Sheets At June 30 2021 2020 Assets Cash $ 81,500 $ 54,000 Accounts receivable, net 80,000 61,000 Inventory 73,800 101,500 Prepaid expenses 5,400 7,400 Total current assets 240,700 223,900 Equipment 134,000 125,000 Accumulated depreciation—Equipment (32,000) (14,000) Total assets $ 342,700 $ 334,900 Liabilities and Equity Accounts payable $ 35,000 $ 45,000 Wages payable 7,000 17,000 Income taxes payable 4,400 5,800 Total current liabilities 46,400 67,800 Notes payable (long term) 32,000 70,000 Total liabilities 78,400 137,800 Equity Common stock, $5 par value 240,000 170,000 Retained earnings 24,300 27,100 Total liabilities and equity $ 342,700 $ 334,900 IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 Sales $ 728,000 Cost of goods sold 421,000 Gross profit 307,000 Operating expenses (excluding depreciation) 77,000 Depreciation expense 68,600 161,400…
compute the amount of stock issuance for December 2019 assets 85000. liabilities 24000. net income 14000. cash dividends 0. December 2018 assets 60,000. liabilities 40,000
Find earnings per share 2019
Cash Accounts receivable (net) Other current assets Investments Property, plant, and equipment (net) Current liabilities Long-term debt Common stock, $10 par Retained earnings Blue Corporation Balance Sheets December 31 Net income 2025 $31,000 $21,000 51,000 95,000 60,000 500,000 $86,000 150,000 370,000 $737,000 $612,000 $81,000 325,000 176,000 $737,000 Blue Corporation Income Statements For the Years Ended December 31 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) 2024 46,000 100.000 2025 75,000 90,000 315,000 $745,000 41,000 704,000 430,000 2023 $19,000 49,000 126,000 114,000 $612,000 $545,000 69,000 2024 50,000 358,000 $545,000 $71,000 55,000 305,000 $605,000 31,000 574,000 355,000 219,000 151,000 274,000 181,000 $93,000 $68,000
The comparative balance sheets for Naomi Corporation show the following information: 2021 2020 Cash $24,400 $20,700 Accounts receivable, net 43,300 20,300 Inventory 40,000 42,000 Investments 20,000 15,000 Building 160,000 100,000 Accumulated depreciation – building (27,700) (20,000) Equipment 61,500 50,000 Accumulated depreciation - equipment (10,000) (17,500) Total $311,500 $210,500 Accounts payable $17,000 $26,500 Salaries payable 21,000 17,000 Long-term notes payable 100,000 50,000 Common stock 110,000 90,000 Retained earnings 63,500 27,000 Total $311,500 $210,500 Additional data related to 2021 are as follows: $10,000 of the long-term note payable was paid by cash. Equipment that had cost $15,000 and had accumulated…
Computron's Balance Sheets (Millions of Dollars) Projection 2018 2019 2020E Assets Cash and equivalents $ 60 $ 50 $ 60 Short-term investments 100 10 50 Accounts receivable 400 520 530 Inventories 620 820 660 Total current assets $ 1,180 $ 1,400 $ 1,300 Net Fixed Assets 2,900 3,500 3,700 Total Assets $ 4,080 $ 4,900 $ 5,000 Liabilities and equity Accounts payable $ 300 $ 400 $ 330 Notes payable 50 250 100 Accruals 200 240 270 Total current liabilities $ 550 $ 890 $ 700 Long-term bonds 800 1,100 1,100 Total liabilities $ 1,350 $ 1,990 $ 1,800 Common stock (100,000 shares) 1,000 1,000 1,000 Retained earnings 1,730 1,910 2,200 Total common equity $ 2,730 $ 2,910 $ 3,200 Total liabilities and equity $ 4,080 $ 4,900 $ 5,000 Income Statements (Millions of…
The following data are provided: December 31 2021 2020 Cash $ 1300000 $ 1005000 Accounts receivable (net) 1500000 1150000 Inventories 2600000 2100000 Plant assets (net) 6000000 6600000 Accounts payable 1150000 820000 Income taxes payable 220000 90000 Bonds payable 1400000 1400000 10% Preferred stock, $50 par 1800000 1800000 Common stock, $10 par 2300000 1700000 Paid-in capital in excess of par 1650000 1400000 Retained earnings 4100000 3400000 Net credit sales 12800000 Cost of goods sold 8500000 Operating expenses 2900000 Net income 1600000 Additional information:Depreciation included in cost of goods sold and operating expenses is $1200000. On May 1, 2021, 60000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2021.At December 31, 2021,…