rehensive Problem 2- St of Cash Flows and Ratios AlgoC. Klein Inc.C. Klein Inc.Income StatementComparative Balance SheetsDecember 31, 2018 and 2017For years ended December 31, 2017 and 201820182017Change20182017$469,000 $422,000(303,000) (248,000)166,000 174,000Current assets:Sales (all on credit)Cost of goods soldGross marginCash$52.26034,000$37,900 $14,360Accounts receivable (net)28,0006,000InventoryPrepaid expenses44,00042,00021002,000-1,200900Depreciation expenseOther operating563136,00051,000Other current assets13102000-690102,00085,000Totol current assets132,470112,000 20,470expensesTotal operating138,000 136,000expensesokOperating income28.00038,000Long-term Investments75,00052,000 23,000Other income(expenses)Plant assets302,000253,000 49,000ncesInterest expense(4,700)(3,500)Less: accumulated(76,800)(51,000) 25,800depreciationGain on sale of4,9003,400Total plant assets225,200202,000 23,200investmentsLoss on sale of plant(2100)(2.500)Total assets432670366,000 66.670OssetsTotal other income(expenses)(11,700)(2,600)Current liabilities:Income before incometaxes26,10035.400Accounts payeble$25,500$26,000S-500Income taxes expense(7,830)(10,620)Accrued liabilities2,40050028,4002000200030,000400Net income$18,270 $24.780Income taxes payableTotal current liobilities-1.500-1,600C. Kleln Inc.Statement of Retained EarningsLong term liabilities:Notes Payable236,000175,000 61.000For the year ended December 31, 2018Total lisbilities264.400205.000 59.40020182017Ret esrnings, Jan. 1$0Stockholders' equityCommon stock, $5 par$23,000Add: net income18,27024,780110,000110,000valueDeduct: DividendsIncreose in retainedearningsRet eornings, Dec. 31(11,000),(1.780)Additional paid-in capital28,00028,0007.27023,000Retained earnings30.27023.0007.270Total stockholders' equityTotal liobilities andstockholders' equity$30.270 $23.000168,270161,0007,270$432.670$366.000 $66,670Other informotion:Shares of commonstock outstondingEamings per shareDividends per shareMarket price pershore, common stock22,00022,000$0.83S0.5$113$0.08$13$12 sive Problem 2-St of Cash Flows and Ratios Algo iSived$13$12share, common stockCash Flowsfrom OperHoriz Analysis Horiz AnalysisVertic Analysis Vertic AnalysisBal SheetRatiosInc StBal StInc StRequirement Prepare a vertical analysis on the partial balance sheet for 2017 and 2018.C. Klein Inc.Partial Balance Sheet (Vertical analysis)For the years ended December 31, 2018 and 2017Liabilities20182017Current liabilities:Accounts payableAccrued liabilitiesIncome taxes payableTotal current liabilitiesNotes payable236,000175,000Total liabilitiesStockholders' EquityCommon stock, $5 parAdditional paid-in capitalRetained earningsTotal stockholders' equityTotal liabilities and stockholders' equityRatios >< Vertic Analysis Inc StPrev1 of 1e here to search99+DELL

Under vertical analysis of balance sheet , each item in a balance sheet is shown as a percentage of…

Current liabilities: Accounts payoble $25,500 $26,000 S-500 Accrued liabilities 2,400 500 28,400 2,000 400 Income taxes payable 2000 -1.500 Total current liabilities 30,000 -1,600 Long term liabilities: Notes Payable 236,000 175,000 61,000 Total liabilities 264.400 205.000 59,400 Stockholders' equity Common stock, $5 par value 110,000 110,000 Additional paid-in capital 28,000 28,000 Retained earnings 30,270 23.000 7.270 Total stockholders' equity Total liabilities and atockholders' equity 168,270 161,000 7,270 $432.670 $366,000 $66,670

Current liabilities: Accounts payoble $25,500 $26,000 S-500 Accrued liabilities 2,400 500 28,400 2,000 400 Income taxes payable 2000 -1.500 Total current liabilities 30,000 -1,600 Long term liabilities: Notes Payable 236,000 175,000 61,000 Total liabilities 264.400 205.000 59,400 Stockholders' equity Common stock, $5 par value 110,000 110,000 Additional paid-in capital 28,000 28,000 Retained earnings 30,270 23.000 7.270 Total stockholders' equity Total liabilities and atockholders' equity 168,270 161,000 7,270 $432.670 $366,000 $66,670

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.2DC

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Ratio Analysis Consider the following information taken from Chicago Water Slides (CWSs) financial statements: Also, CWSs operating cash flows were $25,658 and $29,748 in 2019 and 2018, respectively. Note: Round all answers to two decimal places. Required: 1. Calculate the current ratios for 2019 and 2018. 2. Calculate the quick ratios for 2019 and 2018. 3. Calculate the cash ratios for 2019 and 2018. 4. Calculate the operating cash flow ratios for 2019 and 2018. 5. CONCEPTUAL CONNECTION Provide some reasons why CWSs liquidity may be considered to be improving and some reasons why it may be worsening.
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Sales Cost of goods sold Net income Cash flow from operations Cash Marketable securities Accounts receivable Inventories Total current assets Accounts payable Accrued liabilities Total current liabilities 275,161 253, 201 (159,054) (59,225) 341,580 342, 258 21,495 6,525 711,858 29, 308 44,806 74,114 a. Calculate the current and quick ratio at the end of each year. Note: Round your answers to 1 decimal place. b. Assuming a 365-day year for all calculations, compute the following: 1. The collection period each year based on sales. a. Current ratio a. Quick ratio b1. Collection period b2. Inventory turnover (X) b2. Payables period (days) b3. Days' sales in cash b4. Gross margin b4. Profit margin 462,913 345, 284 (403,909) (20,933) 269,372 37,300 35,798 72,506 414,976 23,158 125, 251 148,409 2. The inventory turnover and the payables period each year based on cost of goods sold. 3. The days' sales in cash each year. 4. The gross margin and profit margin each year. Note: Round your answers…
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QUESTION REQUIRED Use the information provided below to prepare the Cash Flow Statement of Jonah Ltd for the year ended 31 December 2022. (Some of the figures have already been entered in the answer book.) INFORMATION The Statement of Comprehensive Income of Jonah Ltd for the year ended 31 December 2022 and Statement of Financial Position as at 31 December 2021 and 2022 are as follows: STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2022 Sales Cost of sales Gross profit Other operating income Gross income Distribution expenses Administrative expenses Earnings before interest and tax Interest income Interest expense Esmings before tax Company tax Earnings after interest and tax STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: ASSETS Non-current assets Land and buildings Plant and machinery Current assets Inventories Accounts receivable Total assets EQUITY AND LIABILITIES Equity Ordinary share capital Retained earnings Non-current liabilities Long-term borrowings…
11 Compute Cash Flow from Operating Activities from the following details: Particulars Trade Receivables: Debtors CA Bills Receivable CA Trade Payables: Creditors CL Bills Payable CL L Expenses Outstanding Accrued Income CAT Depreciation on Fixed Assets No + Surplus, i.e., Balance in Statement of Profit & Loss 31st March, 2023 (R) 50,000 23,000 28,000 22,000 4,500 9,000 5,000 90,000 31st March 2022 ) 60,000 25,000 32,000 35,000 3,500 8,000 4,000 80,000
CALCULATE CASH FLOW TO CREDITOR'S FOR fy24
Cash Flow Income Statement Revenue COGS Gross Profit Common Size BISON INC. Dividends Add to R/E Depreciation Expense Expenses EBIT Interest EBT Tax Net Income 2021 2021 Common Size 120,566 68,990 51,576 4,654 17,855 33,721 2,400 31,321 6,577.41 24,743.59 4,948.718 19,794.872 Balance Sheet Cash Accounts Receivable Inventory CURRENT ASSETS Fixed Assets: Gross Accum. Depreciation Net TOTAL ASSETS Liabilities Accounts Payable Salary Payable CURRENT LIABILITIES Long-Term Debt Total Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Equity INDUSTRY AVERAGES 35.01% 2.95% 15.26% 53.22% 75.01% -28.23% 46.78% 100.00% 5.26% 4.68% 9.94% 18.42% 28.36% 22.41% 49.23% 71.64% 100.00% Income Statement Revenue COGS Gross Profit Depreciation Expense Expenses EBIT Interest EBT Tax Net Income 100.00% 40.01% 59.99% 10.58% 11.45% 37.96% 5.87% 32.09% 6.04% 26.05%
(Calculating financial ratios) The balance sheet and income statement for the J. P. Robard Mfg. Company are as follows: Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin The company's current ratio is (Round to two decimal places.) . Calculate the following ratios: