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Using the information from Louise Company, prepare a fnancial statement analysis using the folowing: 1. Horizontal Analysis 2. Verlical Analysis 3. Financial Ratios - Liquidity - Management Efficiency Stablity Profitability

Using the information from Louise Company, prepare a fnancial statement analysis using the folowing: 1. Horizontal Analysis 2. Verlical Analysis 3. Financial Ratios - Liquidity - Management Efficiency Stablity Profitability

FINANCIAL ACCOUNTING
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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The following are the Financial Statements of Louise Company: Loulse Company Statement of Financial Position As of December 31, 2015, and 2016 2015 2016 ASSETS Current Assets Cash Accounts Receivables, net Merchandise Inventory Marketable Securities 198,000 30,000 15,000 20,000 10,000 273,000 270,000 40,000 10,000 20,000 8.000 348,000 Prepaid Expenses Total Current Assets Non-Current Assets Land Building, net Machinery, net Fumiture and Fixtures, net Long-term Investments Total Non-Current Assets 500,000 390,000 100,000 50,000 100,000 L140.000 500,000 380,000 90,000 45,000 80,000 1,095,000 TOTAL ASSETS 1413.000 1.443.000
Transcribed Image Text:The following are the Financial Statements of Louise Company: Loulse Company Statement of Financial Position As of December 31, 2015, and 2016 2015 2016 ASSETS Current Assets Cash Accounts Receivables, net Merchandise Inventory Marketable Securities 198,000 30,000 15,000 20,000 10,000 273,000 270,000 40,000 10,000 20,000 8.000 348,000 Prepaid Expenses Total Current Assets Non-Current Assets Land Building, net Machinery, net Fumiture and Fixtures, net Long-term Investments Total Non-Current Assets 500,000 390,000 100,000 50,000 100,000 L140.000 500,000 380,000 90,000 45,000 80,000 1,095,000 TOTAL ASSETS 1413.000 1.443.000
LIABILITIES AND OWNER'S EQUITY Curent Liabilifies Accounts Payable Short-term Liabilities Total Current Liabilities 35.000 10.000 45,000 45,000 12.000 57,000 Non-Current Liabilities Long-term Debts Morigoge Poyable 60,000 90.000 150,000 90.000 90.000 180.000 Total Non-Current Liabilities TOTAL UABILITIES 195,000 237,000 TOTAL OWNER'S EQUITY 1,218,000 1.205,000 TOTAL UABILITIES & OWNER'S EQUITY L413.000 1.443.000 Loulse Company Income Statement For the year ended December 31, 2015, and 2016 Net Sales Cost of Goods Sold Gross Profit Administrative Expenses Selling Expenses Net Income 2015 95,000 40.000 55,000 8,000 4.200 42.800 2016 112,000 45.000 67,000 8,120 5,100 53.780 Using the information from Louise Company, prepare a fnancial statement analysis using the folowing: 1. Horizontal Analysis 2. Vertical Analysis 3. Financial Ratios • Liquidity - Management Efficiency - Stability Profitability
Transcribed Image Text:LIABILITIES AND OWNER'S EQUITY Curent Liabilifies Accounts Payable Short-term Liabilities Total Current Liabilities 35.000 10.000 45,000 45,000 12.000 57,000 Non-Current Liabilities Long-term Debts Morigoge Poyable 60,000 90.000 150,000 90.000 90.000 180.000 Total Non-Current Liabilities TOTAL UABILITIES 195,000 237,000 TOTAL OWNER'S EQUITY 1,218,000 1.205,000 TOTAL UABILITIES & OWNER'S EQUITY L413.000 1.443.000 Loulse Company Income Statement For the year ended December 31, 2015, and 2016 Net Sales Cost of Goods Sold Gross Profit Administrative Expenses Selling Expenses Net Income 2015 95,000 40.000 55,000 8,000 4.200 42.800 2016 112,000 45.000 67,000 8,120 5,100 53.780 Using the information from Louise Company, prepare a fnancial statement analysis using the folowing: 1. Horizontal Analysis 2. Vertical Analysis 3. Financial Ratios • Liquidity - Management Efficiency - Stability Profitability
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