II. Direction: The following comparative financial statements are provided by ZeUs Company. Using Horizontal and Vertical approach, caiculate the missing and write your answer on the blank. Show supporting solutions in a separate sheet of paper. Answer the questions at the bottom of this activity. ZEUS COMPANY COMPARATIVE STATEMENT OF FINANCIAL POSITION December 31, 2019 and 2018 2019 2018 Rate of Inc(Dec) Assets: Current assets P550.000.00 45% 21.98% Long-term investments Fixed assets (net) Intangible assets 10% 25% 200,500.00 30% 0.76% 50,000.00 Total Assets PI 211,500.00 Liabilities: P200,800.00 200,000.00 ? P400,800.00 Current liabilities 20% Long-term liabilities Total liabilities 100,000.00 Owner's Equity P869,200.00 60% Total liabilities and equity

II. Direction: The following comparative financial statements are provided by ZeUs Company. Using Horizontal and Vertical approach, caiculate the missing and write your answer on the blank. Show supporting solutions in a separate sheet of paper. Answer the questions at the bottom of this activity. ZEUS COMPANY COMPARATIVE STATEMENT OF FINANCIAL POSITION December 31, 2019 and 2018 2019 2018 Rate of Inc(Dec) Assets: Current assets P550.000.00 45% 21.98% Long-term investments Fixed assets (net) Intangible assets 10% 25% 200,500.00 30% 0.76% 50,000.00 Total Assets PI 211,500.00 Liabilities: P200,800.00 200,000.00 ? P400,800.00 Current liabilities 20% Long-term liabilities Total liabilities 100,000.00 Owner's Equity P869,200.00 60% Total liabilities and equity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Analysis Analysis Bal Sheet Inc Stmt Prepare a vertical analysis of the balance sheets for Year 4…

A: Vertical analysis permits proportional study of financial statements i.e. income statement, Balance…

Q: Compute Net Operating Assets Refer to the balance sheet information below for Home Depot. $…

A: The assets of a firm that contribute to the generation of revenue are referred to as the company's…

Q: Working Capital and Current Ratio Current assets and current liabilities for Sandstone Company…

A: Working Capital = Current Assets - Current Liabilities Current Ratio…

Q: Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: Dear…

A: Earnings per share = earnings afte tax/ number of shares outstanding 2020 ($in million…

Q: Calculate operating EPS and Gearing for the year 2018 and 2019

A: Operating earnings per share (EPS) can be defined as the per share net earnings of the company for…

Q: Victor Corporation's comparative balance sheet for current assets and liabilities was as follows:…

A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…

Q: Har Please give me correct answer with explanation

A: The objective of this question is to calculate the working capital for Katherine Company for the…

Q: Problem 1 Requirements: 1. The carrying value of investment in King Inc. shares in 2019 is? 2. How…

A: Income statement:The income statement is the statement or the record that is prepared by the company…

Q: The Diversified Portfolio Corporation provides investment advice to customers. A condensed income…

A: The cash flow statement contributes to the overall transparency of a company's financial reporting.…

Q: ek 1 Terminology Matching Continued Terminology Matching Long-Term Investments Ratio Analysis…

A: Every organization incurs liabilities in some form or the other. The amount of money it borrows for…

Q: Presented here are summarized data from the balance sheets and income statements of Wiper Inc.:…

A: Return on assets is calculated by dividing net income by average total assets. Average total assets…

Q: Five year financial summary 2016 $M 2017 $M 2018 $M 2019 $M 2020 $M Income statement Gross property…

A: The company's income statement is prepared for arriving at the profits generated by the company…

Q: Using the balance sheets provided above for The Enchanted Forest Boutique, the amount that should be…

A: Short Term Portion of Mortgage payable = $7800Total Liabilities and owner's Equity = $176,715

Q: Investments Property, plant, and equipment Intangible assets Total assets Current liabilities.…

A: A categorized balance sheet offers readers a structured perspective of a company's liquidity (able…

Q: I NEED HELP SETTING UP AN VERTICAL & HORIZONTAL ANALYSIS BALANCE SHEET Suppose the comparative…

A: We analyze the balance sheet for determining the various ratio which helps the organization in…

Q: Additional data as of December 31, 2021: Inventory = $47,940; Total assets = $397,800; Common…

A: Formula:The current ratio has been computed below:DetailsTotal current assets (a) $ 102,204Total…

Q: Using the information from question 1, calculate the current ratio for 2018 and 2019 respectively:…

A: Current ratio for 2018= Current AssetsCurrent Liabilities= $101,600$33,650=3.02

Q: Question Content Area The following information was taken from Slater Company's balance sheet:…

A: The objective of the question is to calculate two financial ratios for Slater Company: (a) the ratio…

Q: Assume an investee has the following financial statement information for the three years ending…

A: A company can record the earnings it makes from its investment in another business using the equity…

Q: Har Please give me correct answer with explanation

A: The objective of this question is to calculate the working capital for Katherine Company for the…

Q: December 31 2020 2019 $ 9,375 $ 26, 250 receivable 11,175 1,650 27,000 73,500 22,500 90,000 18,750…

A: Le Claire delivery services Balance sheet as on 31, December 2019 Assets…

Q: Dextr Wake Co Ltd is a technology company providing service network and infrastucture for IT at…

A: Ratio analysis is performed by establishing relationship between two amounts obtained from the…

Q: Compute return on equity (ROE).

A: Formula of return on equity,return on asset,financial leverage,profit margin,asset turnover (a)…

Q: Compute and Compare ROE, ROA, and RNOA Graphical representations of the KLA-Tencor 2018 income…

A: Return on equity (ROE)=Net incomeEquity×100 Return on assets (ROA)=Net incomeTotal Asset×100 Return…

Question

100%

II. Direction: The following comparative financial statements are provided by Zeus Company. Using
Horizontal and Vertical approach, calculate the missing and write your answer on the blank. Show
supporting solutions in a separate sheet of paper. Answer the questions at the bottom of this activity.
ZEUS COMPANY
COMPARATIVE STATEMENT OF FINANCIAL POSITION
December 31, 2019 and 2018
2019
2018
Rate of Inc(Dec)
Assets:
P550,000.00
10%
Current assets
45%
21.98%
Long-term investments
Fixed assets (net)
Intangible assets
200,500.00
25%
30%
0.76%
50,000.00
Total Assets
PI,211,500.00
Liabilities:
Current liabilities
20%
P200,800.00
Long-term liabilities
Total liabilities
100,000.00
200,000.00
P400,800.00
Owner's Equity
P869.200.00
60%
Total liabilities and equity

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step 5

Step by step

Solved in 5 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Required information [The following information applies to the questions displayed below.] The balance sheets for Sports Unlimited for 2024 and 2023 are provided below. 2. Prepare a horizontal analysis of Sports Unlimited's 2024 balance sheet using 2023 as the base year. (Values to be deducted and decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity SPORTS UNLIMITED Balance Sheets For the Years Ended December 31 Year $ $ $ $ 2024 211,500 $ 140,800 99,900 50,400 82,800 154,400 28,800 14,400 108,900 238,500 206,100 (76,500) 900,000 $…
Kindly help correctly
I need help with this review. I dont know how to start it.
est Requirements Raider Investments completed the following investment transactions during 2018: 1. Journalize Raider's investment transactions. Explanations are not required. 2. Classify and prepare a partial balance sheet for Raider's Voltexar investment as of December 31, 2018. 3. Prepare a partial income statement for Raider Investments for year ended December 31, 2018. A (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Raider's investment transactions. Explanations are not required. (Record required" on the first line of the Accounts column and leave the remaining cells blank.) Jan. 14: Purchased 600 shares of Voltexar stock, paying $53 per share. The investment represents intends to hold the investment for the indefinite future. Print Done Date Accounts Debit Jan. 14 Purchased 600 shares of Voltexar stock, paying $53 per share. The investment represents 2% ownership in Voltexar's voting stock. Raider does not have significant influence…
Calculate the following ratios from the income statement and balance sheet all are required 1-Payables Turnover 2-Debt-Equity Ratio 3-Debt Ratio 4-Total Asset Turnover 5-Fixed Asset Turnover Statement of financial positionas at 31 December 2018 2018 2017 Note RO RO ASSETS Non-current assets Property, plant and equipment 14 8,407,572 9,300,442 Deferred tax assets 12 40,977 18,550 8,448,549 9,318,992 Current assets Inventories 15 430,885 422,421 Trade and other receivables 16 1,129,440 1,235,724 Due from related parties 24 70,300 73,050 Cash and bank balances 17 6,856,734 6,439,709 Total current assets 8,487,359 8,170,904 Total assets 16,935,908 17,489,896 EQUITY…
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Analysis above two financial statement, what you can observe without using financial ratio.
The following information relates to Roland Limited as at 30 June 2023: 0.14:1 The quick ratio is: Select the one correct answer: 9:1 2:1 Total current assets Total assets Current liabilities Total liabilities O 14:1 Inventories Prepayments $'000s 2,200 10,000 1,100 2,400 2,000 45
Identifying and Computing Net Operating Assets (NOA) and Net Nonoperating Obligations (NNO)Following are the balance sheets and statement of earnings for Home Depot Inc. for fiscal year ended February 3, 2019, which the company labels fiscal year 2018. THE HOME DEPOT INC. Consolidated Balance Sheets February 3, January 28, $ millions, except par value 2019 2018 Assets Current assets Cash and cash equivalents $1,778 $3,595 Receivables, net 1,936 1,952 Merchandise inventories 13,925 12,748 Other current assets 890 638 Total current assets 18,529 18,933 Net property and equipment 22,375 22,075 Goodwill 2,252 2,275 Other assets 847 1,246 Total assets $44,003 $44,529 THE HOME DEPOT INC. Consolidated Balance Sheets February 3, January 28, $ millions, except par value 2019 2018 Liabilities and Stockholders’ Equity Current liabilities Short-term debt $1,339 $1,559 Accounts payable 7,755 7,244 Accrued salaries and…
(a) Calculate the asset tumover ratio, Asset tumover ratio________ 1) eTextbook 2) and Media List of Accounts
Hello Tutor, Can I have assistance with creating the attached commomn statement using income and Balance sheet statements along with the interpreation. I would really appreciate it. using the column of difference on Balance sheet and some transactions on income to determine added or subtracted and transfer to appropriate activity (operating, investing, and financing) with numbers (NO ü). Please insert more column as you need Items 2020 2019 Difference Added Subtracted Operating Investing Financing…