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MERAMAC CORPORATION Comparative Balance Sheets December 31, 2018 and 201A 201B 201A Amount Perceut Amount Perceut (of TA) (of TA) ASSETS Current Assets: Cash $200,000 $400,000 Accounts Receivable 1,500,000 800,000 lventory 3,000,000 1,200,000 Prepaid expenses 100,000 100,000 Total current assets $4,800,000 $2,500,000 Plant and equipment 5,170,000 5,400,000 Total Assets (TA) $0,970,000 100 % $7,900,000 100 %% 201B 201A Amount Percent Amount Percent (of TL + SE) (of TL + SE) LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Current Liabilities $2,500,000 $1,000,000 Bonds payable, 129% 2,000,000 2,000,000 Total liabilities $4,500,000 $3,000,000 Stockholders' Equity Commce Stock 2,500,000 2,500,000 Retained earnings 2,970,000 2,400,000 Total Stockholders' equity $5,470,000 $4,900,000 Total Liabilities (IL) and Scockholders' Equity (SE) $9,970,000 100 %6 $7,900,000 100 % MERAMAC CORPORATION Comparative Income Statements For the Years Ended December 31, 201B and 201A 201B 201A Amount Percent Amount Percent (of Sales) (of Sales) Sales $20,000,000 100.0% $15,000,000 100% Less: Cost of goods sold -13,000,000 7.00 % -9,000,000 Gross profit 7,000,000 6,000,000 Less operating expenses -5,260,000 -4,560,000 Net operating income 1,740,000 1,440,000 % Less: Interest expense -240,000 -240,000 ........ Net income before taxes 1,500,000 1,200,000 Less: Income taxes (30%) -450,000 -360,000 Net Income $1,050,000 $840,000

MERAMAC CORPORATION Comparative Balance Sheets December 31, 2018 and 201A 201B 201A Amount Perceut Amount Perceut (of TA) (of TA) ASSETS Current Assets: Cash $200,000 $400,000 Accounts Receivable 1,500,000 800,000 lventory 3,000,000 1,200,000 Prepaid expenses 100,000 100,000 Total current assets $4,800,000 $2,500,000 Plant and equipment 5,170,000 5,400,000 Total Assets (TA) $0,970,000 100 % $7,900,000 100 %% 201B 201A Amount Percent Amount Percent (of TL + SE) (of TL + SE) LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Current Liabilities $2,500,000 $1,000,000 Bonds payable, 129% 2,000,000 2,000,000 Total liabilities $4,500,000 $3,000,000 Stockholders' Equity Commce Stock 2,500,000 2,500,000 Retained earnings 2,970,000 2,400,000 Total Stockholders' equity $5,470,000 $4,900,000 Total Liabilities (IL) and Scockholders' Equity (SE) $9,970,000 100 %6 $7,900,000 100 % MERAMAC CORPORATION Comparative Income Statements For the Years Ended December 31, 201B and 201A 201B 201A Amount Percent Amount Percent (of Sales) (of Sales) Sales $20,000,000 100.0% $15,000,000 100% Less: Cost of goods sold -13,000,000 7.00 % -9,000,000 Gross profit 7,000,000 6,000,000 Less operating expenses -5,260,000 -4,560,000 Net operating income 1,740,000 1,440,000 % Less: Interest expense -240,000 -240,000 ........ Net income before taxes 1,500,000 1,200,000 Less: Income taxes (30%) -450,000 -360,000 Net Income $1,050,000 $840,000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Calculate Ratios. For 201B and 201A income statements and balance sheets, what percentage is each category (rounded to one decimal place)?

MERAMAC CORPORATION Comparative Balance Sheets December 31, 2018 and 201A 201B 201A Amount Perceut Amount Perceut (of TA) (of TA) ASSETS Current Assets: Cash $200,000 $400,000 Accounts Receivable 1,500,000 800,000 lventory 3,000,000 1,200,000 Prepaid expenses 100,000 100,000 Total current assets $4,800,000 $2,500,000 Plant and equipment 5,170,000 5,400,000 Total Assets (TA) $0,970,000 100 % $7,900,000 100 %% 201B 201A Amount Percent Amount Percent (of TL + SE) (of TL + SE) LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Current Liabilities $2,500,000 $1,000,000 Bonds payable, 129% 2,000,000 2,000,000 Total liabilities $4,500,000 $3,000,000 Stockholders' Equity Commce Stock 2,500,000 2,500,000 Retained earnings 2,970,000 2,400,000 Total Stockholders' equity $5,470,000 $4,900,000 Total Liabilities (IL) and Scockholders' Equity (SE) $9,970,000 100 %6 $7,900,000 100 %
Transcribed Image Text:MERAMAC CORPORATION Comparative Balance Sheets December 31, 2018 and 201A 201B 201A Amount Perceut Amount Perceut (of TA) (of TA) ASSETS Current Assets: Cash $200,000 $400,000 Accounts Receivable 1,500,000 800,000 lventory 3,000,000 1,200,000 Prepaid expenses 100,000 100,000 Total current assets $4,800,000 $2,500,000 Plant and equipment 5,170,000 5,400,000 Total Assets (TA) $0,970,000 100 % $7,900,000 100 %% 201B 201A Amount Percent Amount Percent (of TL + SE) (of TL + SE) LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Current Liabilities $2,500,000 $1,000,000 Bonds payable, 129% 2,000,000 2,000,000 Total liabilities $4,500,000 $3,000,000 Stockholders' Equity Commce Stock 2,500,000 2,500,000 Retained earnings 2,970,000 2,400,000 Total Stockholders' equity $5,470,000 $4,900,000 Total Liabilities (IL) and Scockholders' Equity (SE) $9,970,000 100 %6 $7,900,000 100 %
MERAMAC CORPORATION Comparative Income Statements For the Years Ended December 31, 201B and 201A 201B 201A Amount Percent Amount Percent (of Sales) (of Sales) Sales $20,000,000 100.0% $15,000,000 100% Less: Cost of goods sold -13,000,000 7.00 % -9,000,000 Gross profit 7,000,000 6,000,000 Less operating expenses -5,260,000 -4,560,000 Net operating income 1,740,000 1,440,000 % Less: Interest expense -240,000 -240,000 ........ Net income before taxes 1,500,000 1,200,000 Less: Income taxes (30%) -450,000 -360,000 Net Income $1,050,000 $840,000
Transcribed Image Text:MERAMAC CORPORATION Comparative Income Statements For the Years Ended December 31, 201B and 201A 201B 201A Amount Percent Amount Percent (of Sales) (of Sales) Sales $20,000,000 100.0% $15,000,000 100% Less: Cost of goods sold -13,000,000 7.00 % -9,000,000 Gross profit 7,000,000 6,000,000 Less operating expenses -5,260,000 -4,560,000 Net operating income 1,740,000 1,440,000 % Less: Interest expense -240,000 -240,000 ........ Net income before taxes 1,500,000 1,200,000 Less: Income taxes (30%) -450,000 -360,000 Net Income $1,050,000 $840,000
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