41 11:35 0.20 (-)46 4 30KB/sFinancial Statement.studocu.com= StuDocuUProblem 2Spooky Company's sales, current assets and current liabilities (all inthousands of pesos) have been reported as follows over the last five years(Year 5 is the most recent year):Year 5P5,625Year 2P4,725Year 4Year 3Year IP4,500SalesP5.400P4.950Current assets:CashAccounts receivableInventoryP64P 72P 8880560496432416400896880816864800Total current assets. .PL.520PL.448P1.332PL.368P1.280Current liabilities.... P 390P 318P 324P_330P 300Requirements:1. Express all of the asset, liability, and sales in trend percentages. (Show percentages for eachitem.) Use Year 1 as the base year, and carry computations to one decimal place.2. Comment on the result of your analysis.3 out of 4 491 11:34 10 (-)46 4 29KB/sFinancial Statement.studocu.com= StuDocuUPart 2Problem 1The following data are available for XYZ Corporation for years 2014 and2013.XYZ CorporationStatement of Financial PositionAs of December 31ChangePeso20132014Assets14,00028,80054,0004.800101,60016,00055,60085,6007.400164,6002,00026,800Cash and equivalentsReceivablesInventoriesPrepayments and othersTotal Current Assets93.06%?2,60054.17%62.01%Property, Plant & Equipment- net of depreciationTotal Assets30,200131.80073.400238.00043,200143.05%Liabilities and EquityNotes payable to banksAccounts payable44,00023,8002,60010,00031,6004,2005,80051,60044,60035.60080,200131.80054,00055,4006,8007,000123,20044,60070,200114.800238,000440.00%61.90%Accrued liabilitiesIncome taxes payableTotal current liabilitiesShare capitalRetained earningsTotal equityTotal liabilities and equity0.00%34,60034,60043.14%XYZ CorporationIncome StatementYears ended December 31(P thousands)ChangePeso2013266,400191,40075.0002014424,000314,600109,400157,600123.200Net salesCost of goods soldGross profitSelling, general andadministrative expensesIncome before income taxes64.37%?35,50039,50012,30027,20064.51%58,40051,00016,40034,60029.11%11,5004,100Income taxes33.33%Net IncomeRequirements:1. Compute the missing changes in peso amounts and percentages in the above statements.2. Evaluate the company's short-term financial position, leverage, managerial efficiency andprofitability using the Horizontal Analysis method.2 out of 4

Since we only answer one question, we will answer the first question. Please resubmit the question.…

Spooky Company's sales, current assets and current liabilities (all in thousands of pesos) have been reported as follows over the last five years (Year 5 is the most recent year): Year 5 Year 4 Year 3 Year 2 Year I Sales. P5,625 P5,400 P4.950 P4,725 P4,500 ....... Current assets: Cash .. Accounts receivable.. Inventory. P 64 560 896 P 72 P 84 496 880 P 88 P 80 432 816 416 400 864 800 Total current assets...... PL520 PL448 P1.332 PL368 P1.280 Currerit liabilities. .. P390 P 318 P 324 P_330 P 300

Spooky Company's sales, current assets and current liabilities (all in thousands of pesos) have been reported as follows over the last five years (Year 5 is the most recent year): Year 5 Year 4 Year 3 Year 2 Year I Sales. P5,625 P5,400 P4.950 P4,725 P4,500 ....... Current assets: Cash .. Accounts receivable.. Inventory. P 64 560 896 P 72 P 84 496 880 P 88 P 80 432 816 416 400 864 800 Total current assets...... PL520 PL448 P1.332 PL368 P1.280 Currerit liabilities. .. P390 P 318 P 324 P_330 P 300

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

1n. Account
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year: 1 Year Ago: Current Year Net sales $ 30,400 87,600 113,000 10,500 281,000 $ 522,500 Numerator: $ 128,400 97,500 160,000 136,600 $ 522,500 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Current Year $ 441,000 227,850 12, 200 9,350 1 1 1 Year Ago $ 35,750 62,000 82,000 9,350 249,000 $ 438,100 Income tax expense Total costs and expenses Net income Earnings per share For both the Current Year and 1 Year Ago, compute the following ratios: (2) Compute total asset turnover for the current year and one year ago. Total Asset Turnover I $ 75,250 99,500…
prepare a balance sheet and income statement from the following information: Cash $625.00 Revenue $21,000.00 Note Payable $5,000.00 Retained Earnings $10,600.00 Expenses $7,000.00 Issued Capital Stock $500.00 Accounts Receivable $2,500.00 Inventory $6,900.00 Accounts Payable $1,000.00 Cost of Goods Sold $10,500.00 Accrued Sales Tax $1,425.00 Prepaid Insurance $12,000.00 Plz answer fast without plagiarism i give up vote
A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below. Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.) SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) Cash $433 29 % Current Liabilities $409 27 % Accounts Receivable 294 19 Long-term Liabilities 495 33 Inventory 206 14 Total Liabilities 904 Other Current Assets 109 Common Stock 118 Property and Equipment 27 2 Retained Earnings 492 32 Other Assets 445 29 Total Stockholders’ Equity 610 Total Assets $1,514 100 % Total Liabilities & Stockholders’ Equity $1,514 100 % 2A. What percentage of Simultech’s total assets relate to inventory? (Round your answer to the nearest whole percent.) 2B. What percentage of Simultech’s total assets relate to property…
How much cash does National have on its balance sheet?
Selected income statement and balance sheet data from Merck & Co. for Year 9 are reproduced below: MERCK & COMPANY, INC. Year 9 Selected Financial Data ($ millions) Merck & Co. Income Statement Data Sales revenue... Depreciation...... Interest expense. $7,120 230 10 Pretax income... 2,550 Income taxes.. 900 Net income. 1,650 Balance Sheet Data Current assets... $4,850 Fixed assets, net... 2,400 Total assets.. 7,250 Current liabilities... 3,290 Long-term debt... 100 Shareholders' equity... 3,860 Total liabilities & shareholders' equity.. Required: a. Calculate return on common equity for Year 9 using year-end amounts and assuming no preferred dividends. b. Disaggregate Merck's ROCE. Comment on Merck's use of leverage. (Assume all assets and current liabilities are operating and a 35% tax rate.). c. Disaggregate ROA and comment on that.
The income statement of Pratt Inc. reports net sales of $3,749.9 million for the current year. The balance sheet reports accounts receivable, net of $413.6 million at December 31 of the current year and $442.2 million at December 31 of the previous year. The days sales outstanding in the current year are: Select one: a. 40 days b. 42 days c. 9 days d. None of these are correct. e. 8 days
Starwood Corporation has current assets of $410,000, total current liabilities of $960,000, net credit sales of $1,510,000, beginning accounts receivable of $86,000, and ending accounts receivable of $90,000. What is Starwood's accounts receivable turnover? Multiple Choice O 21.4 times 17.2 times 21.8 times 5.6 times
Sherwood, Inc., had the following current assets and current liabilities at the end of two recent years: Year 2(in millions) Year 1(in millions) Cash and cash equivalents $4,165 $4,528 Short-term investments, at cost 2,958 8,408 Accounts and notes receivable, net 9,404 8,624 Inventories 1,771 787 Prepaid expenses and other current assets 590 291 Short-term obligations (liabilities) 315 3,342 Accounts payable and other current liabilities 7,453 6,813 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place. Year 2 Year 1 Current ratio fill in the blank 1 fill in the blank 2 Quick ratio fill in the blank 3 fill in the blank 4
Considering the financial statement information below for the The C’mon Cam! Co., how long is the cash cycle? Item Beginning EndingInventory $9,338 $11,550Accounts Receivable 5,670 6,947Accounts Payable 7,689 9,625 Net Sales $82,544Cost of Goods Sold $58,638 a. 28 daysb. 39 daysc. 65 daysd. 93 days
Current asset information for Hundred Dollar Tree is presented below. Cash and cash equivalents $ 1,246,743 Marketable securities 324,166 Accounts receivable (net) Inventories Prepaid expenses Other current assets Total current assets 516,357 852,443 110,339 1.634.423 $4,684,471 Hundered Dollar Tree has a current ratio of 1.8. What is Hundred Dollar Tree's quick ratio? A) 0.69 B) 0.80 C) 0.78 D) 0.89
2.The following information is from Dejlah, Inc.s, financial statements. Sales (all credit) were AED 800 million for 2020. Sales to total assets... 2 times Total debt to total asset: 30% Current ratio........ 3.0 times Inventory turnover 5.0 times Average collection period 18 days Fixed asset turnover ... 5.0 times Fill in the balance sheet: Cash. Current debt .. Accounts receivable. Long-term debt. Inventory Total debt . Total current assets Equity... Fixed asset: Total debt and equity Total assets