Comparative Balance Sheets From Get Your Motor Runnin ' Company

The current ratios within the years 2013-2014 have improved for JB Hi Fi in 2013 as it stood at 1.27:1 whereas in 2014 it had increased it’s performance to 1.64:1. This has improved due to the current liabilities being reduced in 2014, which lead to the improvement of the total current assets. This ratio is mainly used to give an idea of the company’s ability to pay back its liabilities within its assets, which includes cash, inventory and receivables. In 2014 it showed a higher current ratio, which demonstrates that the company is more than capable in paying its debts. This gives a sense of efficiency of a company’s operating cycle to turn its product into cash. In the financial report the shareholders use this ratio in determining whether

To understand how the total assets changed within a year, we shall look at each aspects of the assets. In the cash and cash equivalent, we have seen that the cash in hand decreased in 2013 from $3,931 to $3,421 in 2014. This shall shows that the company may have spent cash on inventories and other goods for the benefit of the company. In the receivables aspect, the amount of receivables has begun to increase from 2013 to 2014 with an increase rate of 11.6%. In other terms, it increased from $6,967 in 2013 to $7,822 in 2014. This was an infinitesimal increase and it shows that the company had a lot of companies owing them for the purchase of the Walt Disney Products and land usage. Another way of saying is that other companies may be purchasing land from Disney to sell their products and expand their companies to wider

The Total Current Assets for Competition Bikes is 36.8% in year 8 up from 31.5%, showing that the company has enough funds to settle current debt. Specifically Works in Process Inventory and Raw Materials Inventory remains unchanged from year 7 to 8, this shows that even with a decrease in sales the company is slow moving and has not adjusted inventory to sales. The company has accrued more debt from year 7 to year 8 seeing an increase of Total Current Liabilities moving from 5.4% to 7.0%.

Investors and creditors will want to see the increases in the assets and net profits but in return do not want to see the liabilities rise. Of course, liabilities will be expected to increase at one point or another but a 39% increase in just one physical year is not a good business move without proper acknowledgement of the plan in place or reasoning of actions. Much documented short-term liabilities are listed or as other with no detail, as the financial advisor I would definitely be asking more questions or proof of liabilities.

Increase in current liabilities Substantial increase in current liabilities weakened the company’s liquidity position. Its current liabilities were US$2,063.94 million at the end of FY2010, a 48.09% increase compared to the previous year. However, its current assets recorded a marginal increase of 25.07% - from US$1,770.02 million at the end of FY2009 to US$2,213.72 million at the end of FY2010. Following this, the company’s current ratio declined from 1.27 at the end of the FY2009 to 1.07 at the end of FY2010. A lower current ratio indicates that the company is in a weak financial position, and it may find it difficult to meet its day-to-day obligations.

During 2012 sales on account were $145,000 and collections on account were $86,000. Also, during 2012 the company wrote off $8,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $54,000. The change in the cash realizable value from the balance at 12/31/11 to 12/31/12 was (Points : 2)

Joe’s Fly-By-Night Oil’s capital structure for Dec 31, 2016, is 52% Accounts Payable following by 39% Retained Earnings. The value of their long-term debt is 9%. The Accounts Payable of 52% is not good because the value is greater than the retained earnings. If Joe’s Fly-By-Night Oil’s wants to expand their business and services they would need to reduce the value of the Accounts Payable and increased the value of the Retained

The horizontal analysis comparative income statements show a percentage change from doing operation of two companies are Nick Scali and Fantastic Holdings Limited. Gross profits of two companies are increased from year 2009 to 2010 by 34.28% and 5.90% respectively. It can be said that both company had increased in sales while sales of both company were increased by 24.33% for Nick Scali and increased by 4.23% for Fantastic. The increasing from sales has effect directly to cost of goods sold. Increased in sales mean that cost of goods sold also

The most important thing is that, according to our estimation, the next five-year we will get additional funds needed increasingly with no surplus funds; which means, our assets increase faster than our liabilities. Therefore, our company goes well in the short term future based on this model. In conclusion,

When we look at the current assets we see that cash and cash equivalents has fallen by 47.3% this is the fall of cash at bank and in hand, inventories are the finished goods and have risen by 21.6% and in the (other) we se a rise of 91%, this is a rise in prepayments and deposits.

The Total Debt to Total Asset ratio figure for the company has show a downward trend over the last three years. Both the assets and the liabilities of the company has declined, however, the decline in the company's liabilities have declined faster then their assets. From an investor standpoint, this is good as the company is now able to take on additional debt to help support growth. This additional debt, however, must first be viewed along side the company's Times Interest Earned to ensure the company can support the debt. In a time of increased sales however, the company has been able to increase capital equipments and pay down debt which is really good sign for the company.

The above figure is the comparative balance sheet of Canadian Tire Corporation, Limited. for the year 2009 to 2010. In the assets section, though current assets decreased by 3.7%, the total assets decreased only by 1.2% because the net capital assets increased by 2.3%. The similar trend appeared in the liabilities section, too. The current liabilities decreased by 20.2% while the long-term liabilities increased by 1.9%. As a result, the total liabilities decreased by 9.4%. In the shareholders’ equity section, there was a 0.1% decrease in the common shares but 12.6% increase for the retained earnings which made the total shareholders’ equity

we saw increase in sales from 11070 to 12223.8, net earnings also boosted from 382.9 to 519.3. Similarly, cash flow from operating activities also increased by 136 million dollars. At the same time, net earnings rose up to 523 million dollars in 2015. On the other hand, total assets upgraded from 4817.4 to

Balance sheets and income statements are a snapshot of a company’s stability and financial situation. Combined the statements show the income, expenses, and stockholder’s equity in the company. These statements are often analyzed by financial institutions when a company comes to them needing a loan. Stockholders and other investors also look at these statements to make sure their investment will return a profit for them. This paper will look at four different companies and their balance sheets and income statements. The companies are Eastman Chemical Company, Covenant Transportation

CURRENT RATIO show a company’s ability to pay its current obligations that is company’s liquidity. The current ratio position is lower for Honda at 0.33 than for Toyota at 1.22 in 2010. Honda has a large portion of receivables in assets both in trade, notes receivables and finance receivables. It has a huge portion of cash as well. This indicates the company has no problem in terms of generating a positive influx of assets. But in terms of liabilities it has a large portion of short term debt which makes almost 1/3rd of total Current liabilities. Also there is a significant portion of Long Term debt. The higher level of liabilities in the denominator reduces the overall ratio.