Balance sheet data for a company for the years ended December 31, 20Y2 and 20Y1, are shown below.20Υ220Υ1Current assets$ 1,500,000$ 1,200,000Property, plant, and equipment12,500,00010,800,000Intangible assets2,000,0002,000,000Current liabilities1,000,000850,000Long-term liabilities3,000,0002,400,000Common stock2,500,0002,500,000Retained earnings9,500,0008,250,000Prepare a comparative balance sheet for 20Y2 and 20Y1, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. Round your answers to one decimalplace.Comparative Balance SheetDecember 31, 20Y2 and 20Y120Y2 Amount 20Y2 Percent20Y1 Amount 20Y1 PercentAssetsCurrent assets$1,500,000$1,200,000Property, plant, and equipment12,500,00010,800,000Intangible assets2,000,0002,000,000Total assets$16,000,000$14,000,000LiabilitiesCurrent liabilities$1,000,000$850,000Long-term liabilities3,000,0002,400,000Stockholders' equityCommon stock2,500,0002,500,0009,500,0008,250,000Retained earnings$16,000,000%$14,000,000Total liabilities and stockholders' equity

Solution: Introduction: Comparative analysis would be done when there are two or more different…

Answered: Balance sheet data for a company for…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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Statement of Cash Flows A list of Fischer Companys cash flow activities is presented here: a. Patent amortization expense, 3,500 b. Machinery was purchased for 39,500 c. At year-end, bonds payable with a face value of 20,000 were issued for 17,000 d. Net income, 47,200 k. Inventories increased by 15,400 e. Dividends paid, 16,000 f. Depreciation expense, 12,900 g. Preferred stock was issued for 13,600 h. Investments were acquired for 21,000 i. Accounts receivable increased by 4,300 j. Land was sold at cost, 11,000 k. Inventories increased by 15,400 l. Accounts payable increased by 2,700 m. Beginning cash balance, 19,400 Required: Prepare Fischers statement of cash flows.
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