
Using the Financial Statements:
Financial Statement analysis is done using the components of a financial statement. These components are
Basic
The basic accounting equation is the mathematical presentation of a relationship between Assets, Liabilities and Equity. The formula is as follows:
Return on Assets: Return on assets is a ratio used to find the percentage of net income earned on the amount of assets. It is calculated by dividing net income by total assets of the business. It is calculated with the help of following formula:
- T corporation’s Cash and Cash equivalent on January 30, 2016
To indicate: T corporation’s cash and cash equivalent on January 30, 2016.
To indicate: T corporation’s Total Assets as on January 30, 2016, and January 31, 2015.
To indicate: T corporation’s
To indicate: T corporation’s Total Sales for the year ended January 30, 2016, and comparison with year 2014 and 2015.
To indicate: T corporation’s Net income for the year 2014 and 2015 and comparison between them.
T corporation’s Return on assets for the year ending on January 30, 2015.
To indicate: Comparison of target corporation return on the asset with K’s corporation return on assets

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Chapter 1 Solutions
Horngren's Accounting, The Financial Chapters (12th Edition)
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