of Ch 5 assignmentt

xlsx

School

Georgia State University *

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Course

CORPORATE

Subject

Accounting

Date

Feb 20, 2024

Type

xlsx

Pages

7

Uploaded by saramagallon0

Report
2022 Common-Size Income Statements Woodlake Plastics $ in millions % $ in millions % Net Sales $ 200 100.0% $ 310 100.0% Cost of goods sold 150 75.0% 205 66.1% Gross profit $ 50 25.0% $ 105 33.9% Depreciation 15 7.5% 28 9.0% Earnings before interest and taxes $ 35 17.5% $ 77 24.8% Interest paid 10 5.0% 18 5.8% Taxable income $ 25 12.5% $ 59 19.0% Taxes 5 2.5% 13 4.2% Net Income $ 20 10.0% $ 46 14.8% Easy Manucaturing Company
Looking at both companies ,I see that Easy Manufacturing had made more in both net sales and net The cost of goods sold for woodlake was less then easy manufucturing ,which makes sense since ea The downside is that easy manufacturing payed more in taxes than woodland.
t income. asy manufacturing proffited more than woodland.
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2022 Common-Size Balance Sheets Woodlake Plastics Easy Manufacturin $ in millions % $ in millions Current assets Cash 5 1.2% 8 Accounts receivable 80 19.3% 100 Inventories 100 24.1% 95 Total 185 44.6% 203 Noncurrent assets Net plant and equipment 230 55.4% 430 TOTAL ASSETS 415 100.0% 633 Current liabilities Accounts payable 80 19.3% 70 Notes payable 70 16.9% 100 Total 150 36.1% 170 Long-term debt 100 24.1% 205 Shareholders' equity Common stock and paid-in surplus 90 21.7% 195 Retained earnings 75 18.1% 63 Total 165 39.8% 258 415 100.0% 633 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
ng Company easy manufacturing seems to have more assests than woodlake c % 1.3% 15.8% 15.0% 32.1% 67.9% 100.0% 11.1% 15.8% 26.9% Easy manufactiuring seems to have more assests than Easy Mnufa Easy manufacturing also has more liabilities than woodlake,but wo 32.4% 30.8% 10.0% 40.8% 100.0%
company.Easy manufacturing company has more fixed assests or long term assets, it may be because they have m acturing company.Easy manufacturing company has more fixed assests or long term assets, it may be because they h oodlake has higher long term debt .
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ved.