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Problem 2. Comparison of financial statements. Balance sheet 2023 2024 Current assets $ 9,500.00 $ 12,600.00 Fixed assets $ 40,500.00 $ 47,400.00 Current liabilities Long-term debt Equity $ 2023 2024 6,500.00 $ 8,400.00 $ 5,000.00 $ 6,000.00 $ 38,500.00 $ 45,600.00 Total assets $ 50,000.00 $ 60,000.00 Liability and equity $ 50,000.00 $ 60,000.00

Problem 2. Comparison of financial statements. Balance sheet 2023 2024 Current assets $ 9,500.00 $ 12,600.00 Fixed assets $ 40,500.00 $ 47,400.00 Current liabilities Long-term debt Equity $ 2023 2024 6,500.00 $ 8,400.00 $ 5,000.00 $ 6,000.00 $ 38,500.00 $ 45,600.00 Total assets $ 50,000.00 $ 60,000.00 Liability and equity $ 50,000.00 $ 60,000.00

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
Problem 1PS
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A) Prepare the 2024 combined common-size, common-base year balance sheet.

B) Calculate the following financial ratios for each year. Comment on each ratio and interpret the changes from 2023 to 2024. A. Current ratio B. debt to equity ratio C. total asset turnover D. ROE 

C) Use the DuPont analysis on each year and interpret your results. 

Problem 2. Comparison of financial statements. Balance sheet 2023 2024 Current assets $ 9,500.00 $ 12,600.00 Fixed assets $ 40,500.00 $ 47,400.00 Current liabilities Long-term debt Equity $ 2023 2024 6,500.00 $ 8,400.00 $ 5,000.00 $ 6,000.00 $ 38,500.00 $ 45,600.00 Total assets $ 50,000.00 $ 60,000.00 Liability and equity $ 50,000.00 $ 60,000.00
Transcribed Image Text:Problem 2. Comparison of financial statements. Balance sheet 2023 2024 Current assets $ 9,500.00 $ 12,600.00 Fixed assets $ 40,500.00 $ 47,400.00 Current liabilities Long-term debt Equity $ 2023 2024 6,500.00 $ 8,400.00 $ 5,000.00 $ 6,000.00 $ 38,500.00 $ 45,600.00 Total assets $ 50,000.00 $ 60,000.00 Liability and equity $ 50,000.00 $ 60,000.00
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