Required information [The following information applies to the questions displayed below.] Current Year ed Cash $ 11,500 Prior Year $ 14,200 Accounts receivable 61,500 27,000 Equipment, net Land Total assets 59,000 99,000 52,000 73,500 $ 231,000 $ 166,700 Express the items in common-size percents. Note: Round your percentage answers to one decimal place. Current Year Prior Year Cash % % ces Accounts receivable % % Equipment, net % % Land Total assets % % 0.0 % 0.0 %
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- 1. Do the current Ration part 2. Please do a common-size comparative income statements for years Ended December 31,2022, 2019, and 2018 3. Do a balance sheet data in Trend Percents for December 31,2020, 2019, and 2018 Thank youExpress the Balance Sheets/Financial Position and Income Statement in common-size percents, using Year 2019 as base year. Round percents to one decimal. Do not put the percent when writing your answer. Refer to the format given Common-Size Comparative Financial Position In % At December 31 2021 2020 2019 Assets CashPrepare 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
- Problem 17-2A (Algo) Ratios, common-size statements, and trend percer [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2021 $546,242 328,838 217,404 77,566 49,162 126,728 90,676 16,866 $ 73,810 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income KORBIN COMPANY Comparative Balance Sheets December 31 2020 $ 418,466 263,634 2021 % 154,832 57,748 36,825 94,573 60, 259 12,353 $ 47,906 % $61,141 0 113,547…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}
- Using these data from the comparative balance sheets of Blossom Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable (net) $424,551 enter Accounts receivable in percentages on Dec. 31, 2022 % $ 333,450 enter Accounts receivable in percentages on Dec. 31, 2022 % Inventory 707,585 enter Inventory in percentages on Dec. 31, 2022 % 589,950 enter Inventory in percentages on Dec. 31, 2022 % Total assets 3,011,000 enter Total assets in percentages on Dec. 31, 2022 % 2,565,000 enter Total assets in percentages on Dec. 31, 2022 %Please help meUsing these data from the comparative balance sheet of Sunland Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable $ 529,000 Enter a value in percentages rounded to 1 decimal place. % $ 460,000 Enter a value in percentages rounded to 1 decimal place. % Inventory $ 837,800 Enter a value in percentages rounded to 1 decimal place. % $ 710,000 Enter a value in percentages rounded to 1 decimal place. % Total assets $3,225,600 Enter a value in percentages rounded to 1 decimal place. % $2,880,000 Enter a value in percentages rounded to 1 decimal place. %
- Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 % % % % % % Year 2 % % % % % % Year 3 % % % % % % Year 4 % % % % % Year 5 % % % % %Cash Accounts receivable Equipment, net Land Total assets Current Year $7,440 54,000 44,000 91,680 $197,120 Prior Year $8,000 18,000 40,000 66,000 $132,000 Required: Compute the annual dollar changes and percent changes for each of the following items. (Use cells A2 to C7 from the given information to complete this question. Decreases should be entered with a minus sign. Round your percentage answers to one decimal place.)Using these data from the comparative balance sheet of Wildhorse Co., perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable $ 448,400 Enter a value in percentages rounded to 1 decimal place. % $ 380,000 Enter a value in percentages rounded to 1 decimal place. % Inventory $ 768,600 Enter a value in percentages rounded to 1 decimal place. % $ 630,000 Enter a value in percentages rounded to 1 decimal place. % Total assets $3,248,000 Enter a value in percentages rounded to 1 decimal place. % $2,800,000 Enter a value in percentages rounded to 1 decimal place. %