The following financial statements are taken from the records of Organo Inc. a) Use horizontal analysis techniques to compare the changes between 2023 and 2022 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all percentages to 2 decimal places. Organo Inc. Balance Sheet As at May 31 2023 2022 $ Change % Change Current Assets Cash $308,000 $315,100 $Answer Answer % Accounts Receivable $148,000 $192,800 $Answer Answer % Merchandise Inventory $362,700 $393,500 $Answer Answer % Short-Term Investments $136,200 $115,100 $Answer Answer % Total Current Assets $954,900 $1,016,500 $Answer Answer % Long-Term Assets $227,800 $314,300 $Answer Answer % Total Assets $1,182,700 $1,330,800 $Answer Answer % Current Liabilities $293,000 $262,200 $Answer Answer % Long-Term Liabilities $147,000 $111,300 $Answer Answer % Total Liabilities $440,000 $373,500 $Answer Answer % Shareholders Equity $742,700 $957,300 $Answer Answer % Total Liabilities and Equity $1,182,700 $1,330,800 $Answer Answer % b) Perform a vertical analysis of the income statement for 2023, stating all income statement items as a percentage of sales. Organo Inc. Income Statement For the Year Ended December 31 2023 Sales $694,000 Answer % Cost of Goods Sold $242,900 Answer % Gross Profit $451,100 Answer % Operating Expenses Advertising Expense $3,800 Answer % Utilities Expense $7,100 Answer % Rent Expense $5,400 Answer % Salaries and Wages Expense $49,200 Answer % Depreciation Expense $34,700 Answer % Interest Expense $8,200 Answer % Total Expenses $108,400 Answer % Income Before Income Tax $342,700 Answer % Income Tax Expense $102,810 Answer % Net Income $239,890 Answer %

Operations Management

The following financial statements are taken from the records of Organo Inc. a) Use horizontal analysis techniques to compare the changes between 2023 and 2022 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all percentages to 2 decimal places. Organo Inc. Balance Sheet As at May 31 2023 2022 $ Change % Change Current Assets Cash $308,000 $315,100 $Answer Answer % Accounts Receivable $148,000 $192,800 $Answer Answer % Merchandise Inventory $362,700 $393,500 $Answer Answer % Short-Term Investments $136,200 $115,100 $Answer Answer % Total Current Assets $954,900 $1,016,500 $Answer Answer % Long-Term Assets $227,800 $314,300 $Answer Answer % Total Assets $1,182,700 $1,330,800 $Answer Answer % Current Liabilities $293,000 $262,200 $Answer Answer % Long-Term Liabilities $147,000 $111,300 $Answer Answer % Total Liabilities $440,000 $373,500 $Answer Answer % Shareholders Equity $742,700 $957,300 $Answer Answer % Total Liabilities and Equity $1,182,700 $1,330,800 $Answer Answer % b) Perform a vertical analysis of the income statement for 2023, stating all income statement items as a percentage of sales. Organo Inc. Income Statement For the Year Ended December 31 2023 Sales $694,000 Answer % Cost of Goods Sold $242,900 Answer % Gross Profit $451,100 Answer % Operating Expenses Advertising Expense $3,800 Answer % Utilities Expense $7,100 Answer % Rent Expense $5,400 Answer % Salaries and Wages Expense $49,200 Answer % Depreciation Expense $34,700 Answer % Interest Expense $8,200 Answer % Total Expenses $108,400 Answer % Income Before Income Tax $342,700 Answer % Income Tax Expense $102,810 Answer % Net Income $239,890 Answer %

The following financial statements are taken from the records of Organo Inc. a) Use horizontal analysis techniques to compare the changes between 2023 and 2022 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all percentages to 2 decimal places. Organo Inc. Balance Sheet As at May 31 2023 2022 $ Change % Change Current Assets Cash $308,000 $315,100 $Answer Answer % Accounts Receivable $148,000 $192,800 $Answer Answer % Merchandise Inventory $362,700 $393,500 $Answer Answer % Short-Term Investments $136,200 $115,100 $Answer Answer % Total Current Assets $954,900 $1,016,500 $Answer Answer % Long-Term Assets $227,800 $314,300 $Answer Answer % Total Assets $1,182,700 $1,330,800 $Answer Answer % Current Liabilities $293,000 $262,200 $Answer Answer % Long-Term Liabilities $147,000 $111,300 $Answer Answer % Total Liabilities $440,000 $373,500 $Answer Answer % Shareholders Equity $742,700 $957,300 $Answer Answer % Total Liabilities and Equity $1,182,700 $1,330,800 $Answer Answer % b) Perform a vertical analysis of the income statement for 2023, stating all income statement items as a percentage of sales. Organo Inc. Income Statement For the Year Ended December 31 2023 Sales $694,000 Answer % Cost of Goods Sold $242,900 Answer % Gross Profit $451,100 Answer % Operating Expenses Advertising Expense $3,800 Answer % Utilities Expense $7,100 Answer % Rent Expense $5,400 Answer % Salaries and Wages Expense $49,200 Answer % Depreciation Expense $34,700 Answer % Interest Expense $8,200 Answer % Total Expenses $108,400 Answer % Income Before Income Tax $342,700 Answer % Income Tax Expense $102,810 Answer % Net Income $239,890 Answer %

Practical Management Science

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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The following financial statements are taken from the records of Organo Inc. a) Use horizontal analysis techniques to compare the changes between 2023 and 2022 balance sheet items. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all percentages to 2 decimal places. Organo Inc. Balance Sheet As at May 31 2023 2022 $ Change % Change Current Assets Cash $308,000 $315,100 $Answer Answer % Accounts Receivable $148,000 $192,800 $Answer Answer % Merchandise Inventory $362,700 $393,500 $Answer Answer % Short-Term Investments $136,200 $115,100 $Answer Answer % Total Current Assets $954,900 $1,016,500 $Answer Answer % Long-Term Assets $227,800 $314,300 $Answer Answer % Total Assets $1,182,700 $1,330,800 $Answer Answer % Current Liabilities $293,000 $262,200 $Answer Answer % Long-Term Liabilities $147,000 $111,300 $Answer Answer % Total Liabilities $440,000 $373,500 $Answer Answer % Shareholders Equity $742,700 $957,300 $Answer Answer % Total Liabilities and Equity $1,182,700 $1,330,800 $Answer Answer % b) Perform a vertical analysis of the income statement for 2023, stating all income statement items as a percentage of sales. Organo Inc. Income Statement For the Year Ended December 31 2023 Sales $694,000 Answer % Cost of Goods Sold $242,900 Answer % Gross Profit $451,100 Answer % Operating Expenses Advertising Expense $3,800 Answer % Utilities Expense $7,100 Answer % Rent Expense $5,400 Answer % Salaries and Wages Expense $49,200 Answer % Depreciation Expense $34,700 Answer % Interest Expense $8,200 Answer % Total Expenses $108,400 Answer % Income Before Income Tax $342,700 Answer % Income Tax Expense $102,810 Answer % Net Income $239,890 Answer %

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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