what amount and direction during that same period? If total liabilities decreased by $49,600 and stockholders' equityincreased by $29,500 during a period of time, then total assets mustchange by what amount and direction during that same period?a. $79,100 increaseb. $20,100 decreasec. $79,100 decreased. $20,100 increase

we know that Total assets = stock holders Equity+ total liabilities Given that total liabilities…

Answered: If total liabilities decreased by…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 20E

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Assuming that total assets were $8,037,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity c. Asset turnover d. Return on total assets e. Return on stockholders' equity f. Return on common stockholders' equity % % %
If total assets decreased by $48,064 during a period of time and stockholders' equity increased by $30,995 during the same period, what is the amount and direction (increase or decrease) of the period's changes in total liabilities?
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Total debt to total assets% ratio: ?? Round your answer to the nearest hundredth percent Return on equity% ratio: ?? Round your answer to the nearest hundredth percent Asset turnover ratio: ?? Round your answer to the nearest cent
Find the following using the data bellow a. Accounts receivable B. Current assets C. Total assets D. Return on assets E. Common equity F. Quick ratio
Cash and accounts receivable for Adams Company are as follows: Current Prior Year Year Cash $70,000 $50,000 Accounts receivable (net) 70,400 80,000 What is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change X % Cash Accounts Receivable $ X X X % increase decrease ✓ ✓
RATIO ANALY SIS OF COMPARATI VE FIN ANCIAL STATE MENT S Refer to the financial statements in Problem 24-8A. REQUIRED Calculate the following ratios and amounts for 20-1 and 20-2 (round all calculations to two decimal places): (a) Return on assets (Total assets on January 1, 20-1, were 175,750.) (b) Return on common stockholders equity (Total common stockholders equity on January 1, 20-1, was 106,944.) (c) Earnings per share of common stock (The average numbers of shares outstanding were 8,400 shares in 20-1 and 9,200 in 20-2.) (d) Book value per share of common stock (e) Quick ratio (f) Current ratio (g) Working capital (h) Receivables turnover and average collection period (Net receivables on January 1, 20-1, were 39,800.) (i) Merchandise inventory turnover and average number of days to sell inventory (Merchandise inventory on January 1, 20-1, was 48,970.) (j) Debt-to-equity ratio (k) Asset turnover (Assets on January 1, 20-1, were 175,750.) (l) Times interest earned ratio (m) Profit margin ratio (n) Assets-to-equity ratio (o) Price-earnings ratio (The market price of the common stock was 100.00 and 85.00 on December 31, 20-2 and 20-1, respectively.)
Horizontal Analysis The comparative temporary investments and inventory balances of a company follow: Current Year Accounts payable Long-term debt $46,000 46,720 Accounts payable Long-term debt $36,800 64,000 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Amount of Change Percentage $ Previous Year $ Increase/Decrease % 1%
Critelli Company has provided the following comparative information: Year 5 Year 4 Year 3 Year 2 Year 1 Net income $1,327,400 $1,144,300 $961,600 $821,900 $696,500 Interest expense 451,300 411,900 355,800 271,200 215,900 Income tax expense 424,768 320,404 269,248 213,694 167,160 Average total assets 9,264,063 8,190,526 7,007,447 5,973,224 5,097,207 Average stockholders' equity 3,130,660 2,818,473 2,478,351 2,209,409 1,945,531 You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years: Industry Ratios Return on total assets 18.9 % Return on stockholders' equity 39.2 % Times interest earned 4.6 Instructions: Calculate three ratios for Year 1 through Year 5. Round to one decimal place.
The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $47,481 $39,900 Long-term debt 44,650 47,000 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers. Amount of Change Increase/Decrease Percentage Accounts payable $fill in the blank 1 IncreaseDecrease fill in the blank 3 % Long-term debt $fill in the blank 4 IncreaseDecrease fill in the blank 6 %
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If total liabilities decreased by $49,600 and stockholders' equity increased by $29,500 during a period of time, then total assets must change by what amount and direction during that same period? a. $79,100 increase b. $20,100 decrease c. $79,100 decrease d. $20,100 increase