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PART C: THE BALANCE SHEET 1. Locate the company's balance sheet: Table 1: Balance Sheet Information Balance Sheet Date: Page on which the balance sheet appears: Liabilities + Stockholders' Equity. 2. The accounting equation is Assets Remember that a balance sheet balances on both sides of the equation. a. Replacing the words in the accounting equation with dollar amounts, give the company's accounting equation at the end of the current and prior years. If the amounts are listed in millions, make sure you state this. Table 2: Assets = Liabilities + Equity Date for Current Year: Equation figures: (A) = (L) Date for Last Year: W Equation figures: (A) = (L) +(E) 4. Calculate the company's quick ratio for both this year and the prior year. a. Show your computations and then the result. Present the fiqure correctly: each ratio has a specific format. Table 4: Quick Ratios 3. Calculate the company's current ratio for both this year and the prior year. a. Show your computations and then the result. Present the fiqure correctly: each ratio has a specific format. The equation for quick ratio is: [current year]:= [show your work] = [result] Table 3: Current Ratios The equation for current ratio is: [current year]:= [show your work] = [result] [last year]:= [show your work] = [result] b. Explain what information this ratio provides. (Hint: See the Financial Statement Analysis chapter of your textbook.) Use complete sentences. c. Has the current ratio improved or worsened? Explain your answer and add your comments on the results. Use complete sentences. [last year]:=[show your work] = [result] b. Explain what information this ratio provides. (Hint: See the Financial Statement Analysis chapter of your textbook.) Use complete sentences. c. Has the quick ratio improved or worsened? Explain your answer and add your comments on the results. Use complete sentences. 5. Calculate the company's working capital for both this year and the prior year. a. Show your computations and then the result. Present the figure correctly: each ratio has a specific format 9

PART C: THE BALANCE SHEET 1. Locate the company's balance sheet: Table 1: Balance Sheet Information Balance Sheet Date: Page on which the balance sheet appears: Liabilities + Stockholders' Equity. 2. The accounting equation is Assets Remember that a balance sheet balances on both sides of the equation. a. Replacing the words in the accounting equation with dollar amounts, give the company's accounting equation at the end of the current and prior years. If the amounts are listed in millions, make sure you state this. Table 2: Assets = Liabilities + Equity Date for Current Year: Equation figures: (A) = (L) Date for Last Year: W Equation figures: (A) = (L) +(E) 4. Calculate the company's quick ratio for both this year and the prior year. a. Show your computations and then the result. Present the fiqure correctly: each ratio has a specific format. Table 4: Quick Ratios 3. Calculate the company's current ratio for both this year and the prior year. a. Show your computations and then the result. Present the fiqure correctly: each ratio has a specific format. The equation for quick ratio is: [current year]:= [show your work] = [result] Table 3: Current Ratios The equation for current ratio is: [current year]:= [show your work] = [result] [last year]:= [show your work] = [result] b. Explain what information this ratio provides. (Hint: See the Financial Statement Analysis chapter of your textbook.) Use complete sentences. c. Has the current ratio improved or worsened? Explain your answer and add your comments on the results. Use complete sentences. [last year]:=[show your work] = [result] b. Explain what information this ratio provides. (Hint: See the Financial Statement Analysis chapter of your textbook.) Use complete sentences. c. Has the quick ratio improved or worsened? Explain your answer and add your comments on the results. Use complete sentences. 5. Calculate the company's working capital for both this year and the prior year. a. Show your computations and then the result. Present the figure correctly: each ratio has a specific format 9

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 4PB: Identify the financial statement on which each of the following account categories would appear: the...
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PART C: THE BALANCE SHEET 1. Locate the company's balance sheet: Table 1: Balance Sheet Information Balance Sheet Date: Page on which the balance sheet appears: Liabilities + Stockholders' Equity. 2. The accounting equation is Assets Remember that a balance sheet balances on both sides of the equation. a. Replacing the words in the accounting equation with dollar amounts, give the company's accounting equation at the end of the current and prior years. If the amounts are listed in millions, make sure you state this. Table 2: Assets = Liabilities + Equity Date for Current Year:
Transcribed Image Text:PART C: THE BALANCE SHEET 1. Locate the company's balance sheet: Table 1: Balance Sheet Information Balance Sheet Date: Page on which the balance sheet appears: Liabilities + Stockholders' Equity. 2. The accounting equation is Assets Remember that a balance sheet balances on both sides of the equation. a. Replacing the words in the accounting equation with dollar amounts, give the company's accounting equation at the end of the current and prior years. If the amounts are listed in millions, make sure you state this. Table 2: Assets = Liabilities + Equity Date for Current Year:
Equation figures: (A) = (L) Date for Last Year: W Equation figures: (A) = (L) +(E) 4. Calculate the company's quick ratio for both this year and the prior year. a. Show your computations and then the result. Present the fiqure correctly: each ratio has a specific format. Table 4: Quick Ratios 3. Calculate the company's current ratio for both this year and the prior year. a. Show your computations and then the result. Present the fiqure correctly: each ratio has a specific format. The equation for quick ratio is: [current year]:= [show your work] = [result] Table 3: Current Ratios The equation for current ratio is: [current year]:= [show your work] = [result] [last year]:= [show your work] = [result] b. Explain what information this ratio provides. (Hint: See the Financial Statement Analysis chapter of your textbook.) Use complete sentences. c. Has the current ratio improved or worsened? Explain your answer and add your comments on the results. Use complete sentences. [last year]:=[show your work] = [result] b. Explain what information this ratio provides. (Hint: See the Financial Statement Analysis chapter of your textbook.) Use complete sentences. c. Has the quick ratio improved or worsened? Explain your answer and add your comments on the results. Use complete sentences. 5. Calculate the company's working capital for both this year and the prior year. a. Show your computations and then the result. Present the figure correctly: each ratio has a specific format 9
Transcribed Image Text:Equation figures: (A) = (L) Date for Last Year: W Equation figures: (A) = (L) +(E) 4. Calculate the company's quick ratio for both this year and the prior year. a. Show your computations and then the result. Present the fiqure correctly: each ratio has a specific format. Table 4: Quick Ratios 3. Calculate the company's current ratio for both this year and the prior year. a. Show your computations and then the result. Present the fiqure correctly: each ratio has a specific format. The equation for quick ratio is: [current year]:= [show your work] = [result] Table 3: Current Ratios The equation for current ratio is: [current year]:= [show your work] = [result] [last year]:= [show your work] = [result] b. Explain what information this ratio provides. (Hint: See the Financial Statement Analysis chapter of your textbook.) Use complete sentences. c. Has the current ratio improved or worsened? Explain your answer and add your comments on the results. Use complete sentences. [last year]:=[show your work] = [result] b. Explain what information this ratio provides. (Hint: See the Financial Statement Analysis chapter of your textbook.) Use complete sentences. c. Has the quick ratio improved or worsened? Explain your answer and add your comments on the results. Use complete sentences. 5. Calculate the company's working capital for both this year and the prior year. a. Show your computations and then the result. Present the figure correctly: each ratio has a specific format 9
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