Req 1Req 2AIncome StatementSales RevenueCost of Goods SoldGross ProfitComplete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. (Decreases shouldbe indicated by a minus sign. Round percentage values to 1 decimal place.)Operating ExpensesInterest ExpenseIncome before Income Tax ExpenseIncome Tax Expense (30%)Net IncomeBalance SheetCashAccounts Receivable, NetInventoryProperty and Equipment, NetTotal AssetsReq 2BAccounts PayableIncome Tax PayableNotes Payable (long-term)Total LiabilitiesCommon Stock (par $10)Retained EarningsTotal Liabilities and Stockholders' Equity$$PINNACLE PLUSHorizontal Analysis$$CurrentYear130,00056,00074,00031,0003,00040,00012,00028,000$ 76,90019,00024,00094,000213,90046,0003,00030,00079,00086,00048,900$ 213,900PreviousYear$ 113,00050,00063,00029,0003,00031,0009,30021,700$ 42,60012,00036,000100,000181,00037,0001,50030,00068,50086,00026,500$ 181,000$$$$$$$Increase (Decrease)in the Current year (versusPrevious year)PercentageAmount17,0006,00011,0002,00009,0002,7006,30043,960 x7,000(12,000)(6,000)32,960 x9,0001,560 X010,560 X022,40032,960 x15.012.017.56.90.029.029.029.0%%%%%%%%132.0 × %58.3%(33.3)%(6.0)%18.2%%24.386.7 X %0.0 %15.5 X %0.0%84.518.2%

The Statement of Financial Position -The statement of financial position is the position of the…

Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings $ PINNACLE PLUS Horizontal Analysis $ 130,000 56,000 74,000 31,000 3,000 40,000 12,000 28,000 $ 76,900 19,000 24,000 94,000 $ 213,900 $ 46,000 3,000 30,000 79,000 86,000 48,900 Total Liabilities and Stockholders' Equity $ 213,900 Current Year Previous Year $ 113,000 50,000 63,000 29,000 3,000 31,000 9,300 $ 21,700 $ $ $ 42,600 12,000 36,000 100,000 $ 181,000 $ $ 37,000 $ 1,500 30,000 68,500 86,000 26,500 $ 181,000 $ $ Increase (Decrease) in the Current year (versus Previous year) Percentage Amount 17,000 6,000 11,000 2,000 0 9,000 2,700 6,300 43,960 X 7,000 (12,000) (6,000) 32,960 X 9,000 1,560 X 0 10,560 X 0 22,400 32,960 X 15.0 % 12.0 % 17.5 % 6.9 % 0.0 % 29.0 % 29.0 % 29.0 % 132.0 58.3 (33.3) (6.0) 18.2 % % % % % 24.3 % 86.7 X % 0.0 % 15.5 X % 0.0 % 84.5 18.2 %

Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings $ PINNACLE PLUS Horizontal Analysis $ 130,000 56,000 74,000 31,000 3,000 40,000 12,000 28,000 $ 76,900 19,000 24,000 94,000 $ 213,900 $ 46,000 3,000 30,000 79,000 86,000 48,900 Total Liabilities and Stockholders' Equity $ 213,900 Current Year Previous Year $ 113,000 50,000 63,000 29,000 3,000 31,000 9,300 $ 21,700 $ $ $ 42,600 12,000 36,000 100,000 $ 181,000 $ $ 37,000 $ 1,500 30,000 68,500 86,000 26,500 $ 181,000 $ $ Increase (Decrease) in the Current year (versus Previous year) Percentage Amount 17,000 6,000 11,000 2,000 0 9,000 2,700 6,300 43,960 X 7,000 (12,000) (6,000) 32,960 X 9,000 1,560 X 0 10,560 X 0 22,400 32,960 X 15.0 % 12.0 % 17.5 % 6.9 % 0.0 % 29.0 % 29.0 % 29.0 % 132.0 58.3 (33.3) (6.0) 18.2 % % % % % 24.3 % 86.7 X % 0.0 % 15.5 X % 0.0 % 84.5 18.2 %

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

Using the financial data for Key Wahl Industries Sales Net Profit After Tax Total Assets Total Liabilities O.50 02 O.75 $4,500,000 What is the debt ratio? O.075 $337,5000 $6,750,000 $ 3,375,000
Use the below information to answer the following question. Sales Cost of goods sold Depreciation Income Statement For the Year Taxable income Taxes Earnings before interest $4,500 and taxes Interest paid Net income Dividends $900 Balance Sheet End-of-Year Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Accounts payable Long-term debt Common stock ($1 par value) Retained earnings O O O O Total Liab. & Equity 33 percent 40 percent 50 percent $28,400 60 percent 21,200 2,700 67 percent 850 $3,650 1,400 $2,250 $550 2,450 4,700 $7,700 What was the retention ratio? 16,900 $24,600 $ 2,700 9,800 8,000 4,100 $24,600
Partial Income Statement Excel Exercise Compute the Following ՀԱՐ Sales COGS SG&A Depreciation Debt Int. Rate Tax Rate* 2019 100 40 EBITDA EBIT 25 Interest 10 EBT 0.08 Tax 0.25 Net Income ? ? ? ? ? ? Partial Balance Sheet Debt and Loans 150 Total Equity 150 Total Assets 300 Inv. Change 10 A/R Change A/P Change 35 20 Net Profit Margin Equity Multiplier Verify Dupont ROE ? סיי ? ? ? ? ? * Assume all taxes paid in current period (no accrued taxes) for rest of course CF from Operations ROE Asset Turnover CED Tt O 24
calculate: Debt ratio Interest coverage ratio Dividend yield current asset- 1.170.7 million inventory- 859.9 million currant liability- 885.8 million total dedt- 1.598.8 million total assets- 2.452.3 million operating profit- 1.230.5 million interest expense- 10,700 thousand
Sales Revenue Less: Cost of Goods Sold Gross Profits Less: Operating Expenses Operating Profits Less: Interest Expense Net Profits Before Taxes Less: Taxes (40%) Net Profits After Taxes Assets Cash Income Statement Pulp, Paper and Paperboard, Inc. For the Year Ended December 31, 2019 Accounts receivable Inventories Total current assets Gross fixed assets Less: Accumulated depreciation Net fixed assets Total assets Liabilities and stockholders' equity Current liabilities Balance Sheet Pulp, Paper and Paperboard, Inc. December 31, 2019 Accounts payable Notes payable Accruals Total current liabilities Long-term debts Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Calculate the following: NP, GP $2,080,976 1,701,000 $ 379,976 273,846 $ 106,130 19,296 S 86,834 34,810 S 52,024 Current Ratio - Quick Ratio Receivable days - Payable days $ 95,000 237,000 243.000 $ 575,000 500,000 75.000 $ 425,000…
Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 20Y7 20Y6 20Y5 Total assets $309,000 $278,000 $247,000 Notes payable (8% interest) 100,000 100,000 100,000 Common stock 40,000 40,000 40,000 Preferred 3% stock, $100 par 20,000 20,000 20,000 (no change during year) Retained earnings 114,945 75,650 60,000 The 20Y7 net income was $39,895, and the 20Y6 net income was $16,250. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders’ equity for the years 20Y6 and 20Y7. Round percentages to one decimal place. 20Y7 20Y6 Return on total assets fill in the blank 1 % fill in the blank 2 % Return on stockholders’ equity fill…
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
Net sales Cost of goods sold Gross margin Operating expenses Net income Cash Accounts receivable, net Merchandise inventory Plant assets, net Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and equity Goliath Company Comparative Income Statements For Years Ended December 31 Current Year One Year Ago $ 206,000 $ 184,000 108,000 121,000 85,000 45,000 $ 40,000 76,000 40,000 $ 36,000 Goliath Company Comparative Balance Sheets For Years Ended December 31 Current Year $ 153,000 58,000 30,000 170,000 $ 411,000 $ 36,000 190,000 60,000 125,000 $ 411,000 Required: Using the above information, compute the following: Two Years Ago $ 160,000 92,000 68,000 36,000 $ 32,000 One Year Ago $ 158,000 52,000 17,000 170,000 $ 397,000 $ 32,000 220,000 60,000 85,000 $ 397,000 Three Years Ago $ 114,000 78,000 36,000 19,000 $ 17,000 Two Years Ago $ 129,000 45,000 23,000 140,000 $ 337,000 $ 28,000 200,000 60,000 49,000 $ 337,000 Three Years Ago $ 156,000…
Help calculating the following ratios: return on equity current ratio quick ratio debt-to-equity times interest earned
Find the below: Cash ratio Inventory turnover EPS Total asset turnover Debt ratio Debt-to-equity ratio Times interest earned ROI Net profit margin ROE Market price/Book value P/E BALANCE SHEET ASSETS LIABILITIES & STOCKHOLDERS EQUITY Cash $ 1,500 Accounts payable $12,500 Marketable securities 2,500 Notes payable 12,500 Accounts receivable 15,000 Total current liabilities $25,000 Inventory 33,000 Long-term debt 22,000 Total current assets…
Please answer fast I will rate for you sure....
Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes. Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets Sin Comparative Income Statements For Years Ended December 31 2021 $ 420,027 252,856 167,171 59,644 37,802 97,446 69,725 12,969 $ 56,756 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity Assets Current assets Long-term investments Plant assets, net. Total assets Liabilities and Equity Current liabaties Common stock Other paid-in capital Retained earnings Total liabilities and equity 2020 $ 321,775 202,718 KORBIN COMPANY Comparative Balance Sheets December 31 2021 119,057 44,405 28,316 72,721 46,336 9,499 $ 36,837 $ 55,286 0 102,674 $ 157,960 2020 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as answers to 2 decimal places.) 111.77 % 0.00 $ 37,003 700…