Problem 5: Data for Kalachuchi Trading Company are given below: 2014 2015 Current Assets 192,375 265,500 Property, Plant, and Equipment Other Assets Total Assets Liabilities 937,508 152,618 1,282,500 967,500 159,750 1,392,750 Total Current Liabilities 220,590 225,450 Long term Debt Owner's Capital Total Liabilities and Owner's equity 491,198 460,250 570,713 1,282,500 706,950 1,392,750 Requirements: a. Prepare a common-size Statement of Financial Position for 2014 and 2013 for Kalachuchi Trading Company. b. Prepare a horizontal analysis for Kalachuchi Trading Company.

Problem 5: Data for Kalachuchi Trading Company are given below: 2014 2015 Current Assets 192,375 265,500 Property, Plant, and Equipment Other Assets Total Assets Liabilities 937,508 152,618 1,282,500 967,500 159,750 1,392,750 Total Current Liabilities 220,590 225,450 Long term Debt Owner's Capital Total Liabilities and Owner's equity 491,198 460,250 570,713 1,282,500 706,950 1,392,750 Requirements: a. Prepare a common-size Statement of Financial Position for 2014 and 2013 for Kalachuchi Trading Company. b. Prepare a horizontal analysis for Kalachuchi Trading Company.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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