Long Term LiabilitiesLong Term DebtOther Long Term LiabilitiesShareholder's EquityCommon StockAdditional Paid in CapitalRetained EarningsTotal Liabilities and Stockholders Equity75,00099.398174,398Q SearchA75,00081,281156.2817,7877,733184.306151,107934.382 728,9991.126.475 887.8391,763.117 1.379,248REUIRED:1) Evaluate the profit performance2) Comment on the assets ,liabilities and owners equity3) Comment on the ability of the Corporation to increase its assets4) Evaluate the information from (1) two liquidity ratios (1) four debt management ratios (111) four profhps robat Reader (32-bit)elp1916 PART... xNet SalesCost of Goods Sold1 / 4Operating ExpensesEarnings Before TaxIncome TaxNet IncomeAssetsCurrent AssetsCashShort Term InvestmentAccounts ReceivbleInventoryPrepaid ExpensesTotal Current AssetsNon Current AssetsFurnitureEquipmentBuildingsAccumulated DepreciationOther AssetsTotal AssetsCurrent LiabilitiesNotes PayableAccounts PayableAccured ExpensesIncome Tax PayableAccrued WagesTotal Current LiabilitiesQ SearchOComparative Income Statement For NIKI CorporationYear 2016 Year 20153,295,679 2,960,4092,121,789 1,955,553749,002 665,015424,888 339,841166,464 129,140258,424 210,701Comparative Statement of Financial Position for NIKI CorporatiYear 2016 Year 2015460,332243,30283.47909,88615,225331,155365,69266.22971,897956.438 690,777128,670 288,219404,952 116,623556.858 490,791<350,058> <245,265>740,422 650,36866,257 38,1031,763,117 1,379,248Liabilities and Stock Holders EquityYear 2016 Year 20157,603216,664 193,375163,350 128,30170,4314,196462,24455.4%010,6242,828355,128HEs

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Description: Long Term LiabilitiesLong Term DebtOther Long Term LiabilitiesShareholder's EquityCommon StockAdditional Paid in CapitalRetained EarningsTotal Liabilities and Stockholders Equity75,00099.398174,398Q SearchA75,00081,281156.2817,7877,733184.306151,107

Ratio analysis used identify the business performance of the company.It is used to measure financial…

Answered: REUIRED: 1) Evaluate the profit…

Business

Accounting

REUIRED: 1) Evaluate the profit performance 2) Comment on the assets ,liabilities and owners equity 3) Comment on the ability of the Corporation to increase its assets

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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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

Topic Video

Question

100%

Long Term Liabilities
Long Term Debt
Other Long Term Liabilities
Shareholder's Equity
Common Stock
Additional Paid in Capital
Retained Earnings
Total Liabilities and Stockholders Equity
75,000
99.398
174,398
Q Search
A
75,000
81,281
156.281
7,787
7,733
184.306
151,107
934.382 728,999
1.126.475 887.839
1,763.117 1.379,248
REUIRED:
1) Evaluate the profit performance
2) Comment on the assets ,liabilities and owners equity
3) Comment on the ability of the Corporation to increase its assets
4) Evaluate the information from (1) two liquidity ratios (1) four debt management ratios (111) four prof
hp
s

robat Reader (32-bit)
elp
1916 PART... x
Net Sales
Cost of Goods Sold
1 / 4
Operating Expenses
Earnings Before Tax
Income Tax
Net Income
Assets
Current Assets
Cash
Short Term Investment
Accounts Receivble
Inventory
Prepaid Expenses
Total Current Assets
Non Current Assets
Furniture
Equipment
Buildings
Accumulated Depreciation
Other Assets
Total Assets
Current Liabilities
Notes Payable
Accounts Payable
Accured Expenses
Income Tax Payable
Accrued Wages
Total Current Liabilities
Q Search
O
Comparative Income Statement For NIKI Corporation
Year 2016 Year 2015
3,295,679 2,960,409
2,121,789 1,955,553
749,002 665,015
424,888 339,841
166,464 129,140
258,424 210,701
Comparative Statement of Financial Position for NIKI Corporati
Year 2016 Year 2015
460,332
243,302
83.479
0
9,886
15,225
331,155
365,692
66.229
71,897
956.438 690,777
128,670 288,219
404,952 116,623
556.858 490,791
<350,058> <245,265>
740,422 650,368
66,257 38,103
1,763,117 1,379,248
Liabilities and Stock Holders Equity
Year 2016 Year 2015
7,603
216,664 193,375
163,350 128,301
70,431
4,196
462,244
55.4%
0
10,624
2,828
355,128
HE
s

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