Dana Point Company Balance Sheet % Change Yr 2 Balance Sheet Common Size Yr 2 Yr 1 Balance Sheet Cash $7,000 $30,000 AR $67,500 $60,000 Inventory $49,000 $22,500 PPE $6,000 $4,500 Total Current Assets $129,500 $117,000 Building $187,500 $190,000 Total Assets $317,000 $307,000 Yr 2 Yr 1 Accounts Payable $65,500 $63,000 Wages Payable $37,000 $47,500 Total Current Liabilities $102,500 $110,500 Bank Loan Payable $83,000 $85,000 Total Liabilities $185,500 $195,500 Common Stock $75,000 $75,000 Retained Earnings $56,500 $36,500 Total Liab and SE $317,000 $307,000

Dana Point Company Balance Sheet % Change Yr 2 Balance Sheet Common Size Yr 2 Yr 1 Balance Sheet Cash $7,000 $30,000 AR $67,500 $60,000 Inventory $49,000 $22,500 PPE $6,000 $4,500 Total Current Assets $129,500 $117,000 Building $187,500 $190,000 Total Assets $317,000 $307,000 Yr 2 Yr 1 Accounts Payable $65,500 $63,000 Wages Payable $37,000 $47,500 Total Current Liabilities $102,500 $110,500 Bank Loan Payable $83,000 $85,000 Total Liabilities $185,500 $195,500 Common Stock $75,000 $75,000 Retained Earnings $56,500 $36,500 Total Liab and SE $317,000 $307,000

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter2: Analysis Of Financial Statements

Section: Chapter Questions

Problem 20PROB

See similar textbooks

Similar questions

Prepare a common size statement for Mickey Corp and Mighty Corp Mickey Corp. Mighty Corp Sales 2,300,000.00 1,860.000.00 Cost of Sales. 1,050,000.00 980,000.00 Gross Profit on sales. 1,250,000.00. 880,000.00 Operating expenses 950,000.00 400,000.00 Net Income. 300,000.00. 480,000.00a) Prepare common statementb) Give your written analysis.
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc.Balance Sheet BeginningBalance EndingBalance Assets Cash $ 140,000 $ 120,000 Accounts receivable 450,000 530,000 Inventory 320,000 380,000 Plant and equipment, net 680,000 620,000 Investment in Buisson, S.A. 250,000 280,000 Land (undeveloped) 180,000 170,000 Total assets $ 2,020,000 $ 2,100,000 Liabilities and Stockholders' Equity Accounts payable $ 360,000 $ 310,000 Long-term debt 1,500,000 1,500,000 Stockholders' equity 160,000 290,000 Total liabilities and stockholders' equity $ 2,020,000 $ 2,100,000 Joel de Paris, Inc.Income Statement Sales $ 4,050,000 Operating expenses 3,645,000 Net operating income 405,000 Interest and taxes: Interest expense $ 150,000 Tax expense 110,000 260,000 Net income…
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc.Balance Sheet BeginningBalance EndingBalance Assets Cash $ 140,000 $ 120,000 Accounts receivable 450,000 530,000 Inventory 320,000 380,000 Plant and equipment, net 680,000 620,000 Investment in Buisson, S.A. 250,000 280,000 Land (undeveloped) 180,000 170,000 Total assets $ 2,020,000 $ 2,100,000 Liabilities and Stockholders' Equity Accounts payable $ 360,000 $ 310,000 Long-term debt 1,500,000 1,500,000 Stockholders' equity 160,000 290,000 Total liabilities and stockholders' equity $ 2,020,000 $ 2,100,000 Joel de Paris, Inc.Income Statement Sales $ 4,050,000 Operating expenses 3,645,000 Net operating income 405,000 Interest and taxes: Interest expense $ 150,000 Tax expense 110,000 260,000 Net income…
Drood Company Comparative Balance Sheet Current Year Previous Year Year Before Current Assets Cash $50,000 $100,000 $90,000 Accounts Receivable, net $275,000 $150,000 $100,000 Inventory $580,000 $400,000 $250,000 Prepaid Expenses $25,000 $30,000 $10,000 Total Current Assets $930,000 $680,000 $450,000 Property & Equipment, net $115,000 $150,000 $140,000 Total Assets $1,045,000 $830,000 $590,000 Liabilities & Owner's Equity Current Liabilities Accounts Payable $410,000 $265,000 $190,000 Short-term Payables $175,000 $90,000 $50,000 Total Current Liabilities $585,000 $355,000 $240,000 Long Term Bonds Payable (12%) $50,000 $150,000 $150,000 Total Liabilities $635,000 $505,000 $390,000 Stockholder's Equity Common Stock (100,000 shares) $200,000 $200,000 $200,000 Retained Earnings…
Line Item Description 20X1 20X2 Current assets: Accounts receivable $750,000 $582,500 Inventories 300,000 320,000 Current liabilities: Wages payable 700,000 515,000 Davis CompanyIncome StatementFor the Year Ended December 31, 20X2 Line Item Description Amount Amount Revenues $3,000,000 Cost of goods sold 1,920,000 Gross margin $1,080,000 Operating expenses Depreciation 270,000 Operating income $ 810,000 Other revenues and expenses Gain on sale of equipment 100,000 Interest expense 10,000 90,000 Net income $ 900,000 Required: Compute operating cash flows using the indirect method.
Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000 Calculate change in NWC
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc.Balance Sheet BeginningBalance EndingBalance Assets Cash $ 133,000 $ 128,000 Accounts receivable 337,000 485,000 Inventory 578,000 488,000 Plant and equipment, net 872,000 859,000 Investment in Buisson, S.A. 408,000 435,000 Land (undeveloped) 251,000 249,000 Total assets $ 2,579,000 $ 2,644,000 Liabilities and Stockholders' Equity Accounts payable $ 376,000 $ 337,000 Long-term debt 958,000 958,000 Stockholders' equity 1,245,000 1,349,000 Total liabilities and stockholders' equity $ 2,579,000 $ 2,644,000 Joel de Paris, Inc.Income Statement Sales $ 5,044,000 Operating expenses 4,438,720 Net operating income 605,280 Interest and taxes: Interest expense $ 128,000 Tax expense 208,000 336,000 Net income…

Recommended textbooks for you

EBK CFIN

Finance

ISBN:

9781337671743

Author:

BESLEY

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Corporate Financial Accounting

Accounting

ISBN:

9781305653535

Author:

Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Corporate Financial Accounting

Accounting

ISBN:

9781337398169

Author:

Carl Warren, Jeff Jones

Publisher:

Cengage Learning

EBK CFIN

Finance

ISBN:

9781337671743

Author:

BESLEY

Publisher:

CENGAGE LEARNING - CONSIGNMENT

Corporate Financial Accounting

Accounting

ISBN:

9781305653535

Author:

Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Corporate Financial Accounting

Accounting

ISBN:

9781337398169

Author:

Carl Warren, Jeff Jones

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

GET THE APP

About FAQ Academic Integrity Sitemap Document Sitemap

Contact Bartleby Contact Research (Essays)High School Textbooks Literature Guides Concept Explainers by Subject Essay Help Mobile App

GET THE APP

Privacy

Your CA Privacy Rights

Your NV Privacy Rights

About Ads

Manage My Data

bartleby, a Learneo, Inc. business

Dana Point Company Balance Sheet
	% Change	Yr 2 Balance Sheet	Common Size Yr 2	Yr 1 Balance Sheet
Cash		$7,000		$30,000
AR		$67,500		$60,000
Inventory		$49,000		$22,500
PPE		$6,000		$4,500
Total Current Assets		$129,500		$117,000
Building		$187,500		$190,000
Total Assets		$317,000		$307,000

		Yr 2		Yr 1
Accounts Payable		$65,500		$63,000
Wages Payable		$37,000		$47,500
Total Current Liabilities		$102,500		$110,500
Bank Loan Payable		$83,000		$85,000
Total Liabilities		$185,500		$195,500
Common Stock		$75,000		$75,000
Retained Earnings		$56,500		$36,500
Total Liab and SE		$317,000		$307,000