Comparative data (in thousands) from the balance sheet of Sunland Ltd. are shown below. 2024 2023 2022 2021 Cash $22 $41 $27 $17 Accounts receivable 280 245 214 162 Inventory 510 493 418 343 Prepaid expenses 20 0 10 20 Total current assets $832 $779 $669 $542 Using horizontal analysis, calculate the percent of base year, assuming 2021 is the base year

Comparative data (in thousands) from the balance sheet of Sunland Ltd. are shown below. 2024 2023 2022 2021 Cash $22 $41 $27 $17 Accounts receivable 280 245 214 162 Inventory 510 493 418 343 Prepaid expenses 20 0 10 20 Total current assets $832 $779 $669 $542 Using horizontal analysis, calculate the percent of base year, assuming 2021 is the base 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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The following are Grouper Corp.’s comparative balance sheet accounts at December 31, 2020 and 2019, with a column showing the increase (decrease) from 2019 to 2020. COMPARATIVE BALANCE SHEETS 2020 2019 Increase(Decrease) Cash $818,200 $696,600 $121,600 Accounts receivable 1,132,100 1,177,800 (45,700 ) Inventory 1,841,000 1,713,900 127,100 Property, plant, and equipment 3,334,900 2,970,400 364,500 Accumulated depreciation (1,157,500 ) (1,030,100 ) (127,400 ) Investment in Myers Co. 308,600 273,500 35,100 Loan receivable 249,300 — 249,300 Total assets $6,526,600 $5,802,100 $724,500 Accounts payable $1,007,200 $949,700 $57,500 Income taxes payable 30,200 50,300 (20,100 ) Dividends payable 80,000 99,900…
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The following information is available from the financial statements of Akerley Hospitality 2017 2018 2019 Total assets, December 31, Net income $608,000 $330,000 $1,456,000 59,400 62,400 56,800 a) Calculate Akerley's return on total assets for 2018 and 2019. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) b) Determine if the change in Akerley's return on total assets is favorable or unfavorable.
FILLING IN THE RATIOS .. THE LEFT SIDE IS 2019 THE RIGHT SIDE IS 2020 IN THE IMAGE. Jergan CorporationBalance SheetsDecember 31 2020 2019 2018 Cash $ 30,800 $ 17,600 $ 18,700 Accounts receivable (net) 50,500 44,200 47,100 Other current assets 89,600 94,900 63,900 Investments 55,300 71,000 45,100 Plant and equipment (net) 500,500 370,000 358,500 $726,700 $597,700 $533,300 Current liabilities $85,500 $79,800 $69,400 Long-term debt 144,300 84,100 50,300 Common stock, $10 par 348,000 316,000 304,000 Retained earnings 148,900 117,800 109,600 $726,700 $597,700 $533,300 Jergan CorporationIncome StatementFor the Years Ended December 31 2020 2019 Sales revenue $738,000 $605,500 Less: Sales returns and allowances 39,100 29,900 Net sales 698,900…
Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Prepare the 2021 combined common-size, common-base year balance sheet for Just Dew It. (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.)
Please answer, round off final answers to two decimal places
Can you show me how to solve? Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2022 2021 Cash $13,900 $9,900 Accounts receivable 23,300 19,900 Inventory 31,400 30,800 Other current assets 12,500 11,909 Total current assets $81,100 $72,509 Total current liabilities $252,500 $311,100 Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) 2022 2021 Current ratio: enter the current ratio for year 2017 rounded to 2 demical places :1 enter the current ratio for year 2016 rounded to 2 demical places :1
Using these data from the comparative balance sheets of Carla Vista Co., perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%).) Increase or (Decrease) December 31, 2022 December 31, 2021 Amount Percentage Accounts receivable (net) $522,040 $421,000 $enter Accounts receivable in dollars enter Accounts receivable in percentages % Inventory 832,050 645,000 $enter Inventory in dollars enter Inventory in percentages % Total assets 3,383,060 2,773,000 $enter Total assets in dollars enter Total assets in percentages %
Return on total assets ratio: net income/ average total assets 21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year) 11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year) Write financial analysis report.