RPI, Inc. Balance Sheets for 12/31/02 and 12/31/03 2002 $16,000 7,000 42,000 50,000 1,200 $116,200 286,000 $402.200 Liabilities and Stockholders' Equity 2002 $48,000 16,000 6,000 $70,000 $160,000 $172,200 $402,200 Cash Marketable securities Accounts receivable Inventory Prepaid rent Total current assets Net plant and equipment Total assets Accounts payable Notes payable Accruals Total current liabilities Long-term debt Common stockholders' equity Total liabilities and equity 2003 $17,000 7,200 38,000 93,000 1,100 $156,300 290,000 $446.300 2003 $55,000 13,000 5,000 $73,000 $150,000 $223,300 $446,300 RPI, Inc. Income Statement For the Year Ended 12/31/03 Sales (all credit) Less: Cost of goods sold Gross profits Less: Operating and interest expenses General and administrative Interest Depreciation Total Profit before taxes Less: Taxes Net income available to common stockholders Less: Cash dividends Change in retained earnings $50,000 10,000 30,000 $700,000 500,000 $200,000 90,000 $110,000 27,100 $82,900 31,800 $51,100
RPI, Inc. Balance Sheets for 12/31/02 and 12/31/03 2002 $16,000 7,000 42,000 50,000 1,200 $116,200 286,000 $402.200 Liabilities and Stockholders' Equity 2002 $48,000 16,000 6,000 $70,000 $160,000 $172,200 $402,200 Cash Marketable securities Accounts receivable Inventory Prepaid rent Total current assets Net plant and equipment Total assets Accounts payable Notes payable Accruals Total current liabilities Long-term debt Common stockholders' equity Total liabilities and equity 2003 $17,000 7,200 38,000 93,000 1,100 $156,300 290,000 $446.300 2003 $55,000 13,000 5,000 $73,000 $150,000 $223,300 $446,300 RPI, Inc. Income Statement For the Year Ended 12/31/03 Sales (all credit) Less: Cost of goods sold Gross profits Less: Operating and interest expenses General and administrative Interest Depreciation Total Profit before taxes Less: Taxes Net income available to common stockholders Less: Cash dividends Change in retained earnings $50,000 10,000 30,000 $700,000 500,000 $200,000 90,000 $110,000 27,100 $82,900 31,800 $51,100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
- Given the financial statements below, do COMMON SIZE STATEMENT (Vertical Method of FS Analysis for both Income Statement and
Balance Sheet ), and a HORIZONTAL Method of Analysis for the Balance Sheet. - With the results, analyze and do some interventions where needed and as needed.
- You can do calculations through EXCEL
Transcribed Image Text:RPI, Inc. Balance Sheets
for 12/31/02 and 12/31/03
Assets
2002
$16,000
7,000
42,000
50,000
1,200
$116,200
286,000
$402.200
Liabilities and Stockholders' Equity
2002
$48,000
16,000
6,000
$70,000
$160,000
$172,200
$402,200
Cash
Marketable securities
Accounts receivable
Inventory
Prepaid rent
Total current assets
Net plant and equipment
Total assets
Accounts payable
Notes payable
Accruals
Total current liabilities
Long-term debt
Common stockholders' equity
Total liabilities and equity
2003
$17,000
7,200
38,000
93,000
1,100
$156,300
290,000
$446.300
2003
$55,000
13,000
5,000
$73,000
$150,000
$223,300
$446,300
RPI, Inc. Income Statement
For the Year Ended 12/31/03
$50,000
10,000
30,000
Sales (all credit)
Less: Cost of goods sold
Gross profits
Less: Operating and interest expenses
General and administrative
Interest
Depreciation
Total
Profit before taxes
Less: Taxes
Net income available
to common stockholders
Less: Cash dividends
Change in retained earnings
$700,000
500,000
$200,000
90,000
$110,000
27,100
$82,900
31,800
$51,100
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