Required information[The following information applies to the questions displayed below.]Current YearedCash$ 11,500Prior Year$ 14,200Accounts receivable61,50027,000Equipment, netLandTotal assets59,00099,00052,00073,500$ 231,000$ 166,700Express the items in common-size percents.Note: Round your percentage answers to one decimal place.Current YearPrior YearCash%%cesAccounts receivable%%Equipment, net%%LandTotal assets%%0.0 %0.0 %

Step 1:Computation as follows : ParticularsCurrent YearExplanationPrior YearExplanation…

Answered: Required information [The following…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 11MCQ

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Compute the and percent changes for each of following accounts.
Return on total assets
Prepare a comparative balance sheet for both years, stating each asset as a percent total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal pla
Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Current Year Prior Year Short-term investments $ 379,006 $ 237,965 Accounts receivable 101,137 105,306 Notes payable 0 92,802 Horizontal Analysis - Calculation of Percent Change Choose Numerator: / Choose Denominator: Percent Change = / Current Year Prior Year Dollar Change Percent Change Short-term investments $379,006 $237,965 % Accounts receivable 101,137 105,306 % Notes payable 0 92,802 %
Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Current Year Prior Year Short-term investments $374,634 $234,000 101,e00 88,000 Accounts receivable 97,364 Notes payable Horizontal Analysis - Calculation of Percent Change Choose Numerator: Choose Denominator: Percent change = Current Year Prior Year Dollar Change Percent Change Short-term investments 24 374,634 $ 234,000 Accounts receivable 97,364 101,000 Notes payable 88,000
2) Ratios Based on the information given in picture #1, complete the following ratios for the last TWO years and indicate whether the trend is favorable or unfavorable. Note percentages and times should be to one decimal place (e.g. 14.8%; 5.8x) Liq./Solv. Ratios Current Yr. Prior Yr. Fav/Unfav. Current Ratio (X) {Total. Current Assets/ Total Current Liabilities} Quick Ratio (X) {Cash + Short term Investments + Current Receivables/ Current Liabilities} Day's Sales Uncollected (days) {Total Accounts Receivables / Sales x 365}
2) Ratios Based on the information given in picture #1, complete the following ratios for the last TWO years and indicate whether the trend is favorable or unfavorable. Note percentages and times should be to one decimal place (e.g. 14.8%; 5.8x) Liq./Solv. Ratios Current Yr. Prior Yr. Fav/Unfav. Current Ratio (X) {Total. Current Assets/ Total Current Liabilities} Quick Ratio (X) {Cash + Short term Investments + Current Receivables/ Current Liabilities} Day's Sales Uncollected (days) {Total Accounts Receivables / Sales x 365}
Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable Percent Change = Short-term investments Accounts receivable Notes payable $ Current Year $ 380,168 102,276 0 Prior Year $ 239,377 105,903 93,973 Horizontal Analysis - Calculation of Percent Change Numerator: Current Year 380,168 $ 102,276 1 Prior Year 239,377 105,903 93,973 Denominator: Dollar Change Percent Change % % %
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
ok D Int = Print Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) 0 ferences # Short-term investments Accounts receivable Notes payable Percent Change = Short-term investments Accounts receivable Notes payable Type here to search Esc fo F1 1 X F2 $ Current Year $ 378,252 100,583 @ 2 0 Horizontal Analysis - Calculation of Percent Change Numerator: 1 Current Year F3 20 #m Prior Year $ 236,897 104,503 91,702 3 378,252 $ 100,583 F4 0 S4 Prior Year $ 236,897 104,503 91,702 F5 $ % 5 Denominator: Dollar Change F6 111,355 (3,920) (91,702) DELL F7 A Percent Change 29.4 % (26.7) % (100.0) % 6 F8 & 7 0 F9 * a 8 F10 9
B
Compute the Quick ratio if Current Assets: 10.354; Current Liabilities: 6.615; Inventory: 5.767; Cash: 1.013.a) 0.69 timesb) 0.75 timesc) 0.72 timesd) 0.15 times

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