fx10%CEF GHExercise 7-The following are excerpts from Your Co's financial statements.Your Co.20191,080.00 $500.00320.0020182017Net SalesCOGSOther ExpensesCashA/RInventoryPrepaid InsuranceTotal Assets960.00 $880.00460.00280.00100.00120.00440.00240.0040.00140.0080.00160.00200.0020.00180.00180.0040.0040.00400.00460.00440.00a) Perform horizontal analysis below, using 2017 as the base year (100%).201920182017Net Sales122.7%109.1%100.0%100.0%100.0%COGS454.5%104.5%Other Expenses133.3%116.7%b) Perform vertical analysis below, using total assets as the base.201920182017Cash17.4%22.0%10.0%A/RInventoryPrepaid InsuranceTotal Assets35.0%27.0%35.0%43.0%41.0%45.0%96.0%9.0%10.0%ххX X X1-4DQReady

Exercise 7-The following are excerpts from Your Co's financial statements. Your Co. 2019 2018 2017 Net Sales COGS Other Expenses Cash A/R Inventory Prepaid Insurance Total Assets 1,080.00 960.00 $ 460.00 280.00 500.00 320.00 80.00 160.00 200.00 100.00 120.00 180.00 40.00 440.00 880.00 440.00 240.00 40.00 140.00 180.00 40.00 400.00 20.00 460.00 a) Perform horizontal analysis below, using 2017 as the base year (100%). 2019 2018 2017 Net Sales 122.7% 109.1% 100.0% COGS 454.5% 104.5% 100.0% Other Expenses 133.3% 116.7% 100.0% p) Perform vertical analysis below, using total assets as the base. 2019 2018 2017 Cash 17.4% 22.0% 10.0% A/R Inventory Prepaid Insurance Total Assets 35.0% 27.0% 35.0% 43.0% 41.0% 45.0% 96.0% 9.0% 10.0% x x x

Exercise 7-The following are excerpts from Your Co's financial statements. Your Co. 2019 2018 2017 Net Sales COGS Other Expenses Cash A/R Inventory Prepaid Insurance Total Assets 1,080.00 960.00 $ 460.00 280.00 500.00 320.00 80.00 160.00 200.00 100.00 120.00 180.00 40.00 440.00 880.00 440.00 240.00 40.00 140.00 180.00 40.00 400.00 20.00 460.00 a) Perform horizontal analysis below, using 2017 as the base year (100%). 2019 2018 2017 Net Sales 122.7% 109.1% 100.0% COGS 454.5% 104.5% 100.0% Other Expenses 133.3% 116.7% 100.0% p) Perform vertical analysis below, using total assets as the base. 2019 2018 2017 Cash 17.4% 22.0% 10.0% A/R Inventory Prepaid Insurance Total Assets 35.0% 27.0% 35.0% 43.0% 41.0% 45.0% 96.0% 9.0% 10.0% x x x

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter10: Liabilities: Current, Installment Notes, And Contingencies

Section: Chapter Questions

Problem 10.1EX: Current liabilities Bon Nebo Co. sold 25,000 annual subscriptions of Bjorn for 85 during December...

See similar textbooks

Similar questions

Description FY10 FY11 FY12 FY13 FY14 Financial Statements GBP m GBP m GBP m GBP m GBP m Income Statements Revenue 4,390 3,624 3,717 8,167 11,366 Profit before interest & taxes (EBIT) 844 700 704 933 1,579 Net Interest Payable (80) (54) (98) (163) (188) Taxation (186) (195) (208) (349) (579) Miniorities (94) (99) (105) (125) (167) Profit for the year 484 352 293 296 645 Balance Sheet Fixed Assets 3,510 3,667 4,758 10,431 11,483…
E10.18 (LO 5), AN Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). 3M CompanyBalance Sheets (partial) 2022 2021 Current assets Cash and cash equivalents $ 3,040 $1,849 Accounts receivable, net 3,250 3,195 Inventories 2,639 3,013 Other current assets 1,866 1,541 Total current assets $10,795 $9,598 Current liabilities $ 4,897 $5,839 Instructions Calculate the current ratio and working capital for 3M for 2021 and 2022. Suppose that at the end of 2022, 3M management used $300 million cash to pay off $300 million of accounts payable. How would its current ratio and working capital have changed?
ACC 122 Fall 2020Comprehensive ProjectBestValue Corporation's Trial Balance at December 31, 20XX is presented below.All 20XX transactions have been recorded except for the items described on the next page.Debit CreditCash $ 109,890Accounts Receivable 28,789Inventory 25,540Debt Investments 0Land 55,674Buildings 215,850Equipment 75,120Allowance for Doubtful Accounts $ 1,027Accumulated Depreciation-Buildings 63,306Accumulated Depreciation-Equipment 16,048Accounts Payable 35,278Interest Payable 0Unearned Rent Revenue 48,900Dividends Payable 0Income Tax Payable 0Bonds Payable 0Discount on Bonds Payable 0Common Stock ($2 par) 29,200Paid in Capital in Excess of Par-Common Stock 44,580Preferred Stock ($60 par) 0Paid in Capital in Excess of Par-Preferred Stock 0Retained Earnings 107,904Treasury Stock 0Cash Dividends 0Sales Revenue 776,068Rent Revenue 0Gain on Sale of Land 0Bad Debt Expense 0Interest Expense 0Cost of Goods Sold 478,542Depreciation Expense 0Other Operating Expenses 53,274Salaries…
E23.10B (L0 1,4) (Classification of Transactions) Following are selected balance sheet accounts of BioLazer Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information. Increase Selected balance sheet accounts 2020 2019 (Decrease)AssetsAccounts receivable $154,000 $120,000 $34,000Property, plant, and equipment 631,000 581,000 50,000Accumulated…
Amount financed 18200 number of payments 72 monthly payment 425.08 finace charge 12405.76 whats the apr%
E10.9 (a. Compute warranty expense; b.; c. warranty expense)
Samuel Corp. provides the following information: EBIT = $386.50 Tax (TC ) = 21% Debt = $700 RU = 10% Question: What is the value of Samuel’s equity?
34 The following applies to this question: DEBTORS CONTROL Mar 1 Balance b/f 90 000 Mar 31 Bank A Mar 31 Sales B Sales returns 5 000 Balance c/f 40 000 140 000 140 000 Apr 1 Balance b/f 40 000 Which one of the following amounts represents B? A. R180 000 B. R100 000 C. R230 000 D. R50 000
Net Sales 36000 Commission received 6430 Interest received 3570 Cost of goods sold 7400 Dividends received 2220 From the above information the total income will be: a.OMR 41280 b.OMR 42820 c.OMR 48220 d.OMR 40820 Fast plz***********
M10-6 (Algo) Recording Notes Payable [LO 10-2] Part 2 Skip to question [The following information applies to the questions displayed below.] Greener Pastures Corporation borrowed $1,250,000 on November 1, 2021. The note carried a 9 percent interest rate with the principal and interest payable on June 1, 2022. (a) The note issued on November 1. (b) The interest accrual on December 31.
Life-Positive’s Account Balances 2021 ($) 2022 ($) accounts payable 24,600.00 21,250.00Accounts receivable 15,700.00 12,340.00Cash 23,450.00 28,600.00Cost of goods sold 19,700.00 23,000.00Depreciation 3,090.00 4,590.00Dividends 5,800.00 10,800.00Interest 2,340.00 2,890.00Inventory 7,050.00 8,640.00Long-term debt 28,000.00 30,000.00Net fixed assets 41,500.00 48,000.00Other expenses 2,400.00 2,800.00Sales 58,000.00 62,500.00Short-term Notes Payable 2,890.00 2,340.00Shares outstanding 85,000.00 90,000.00 tax rate is 32% 4. Calculate the cash flow from assets, cash flow to creditors,and cash flow to stockholders…
ROA=10% ROE=11.2% Current ratio=1.5 Quick ratio=0.9 gross profit margin=24% Sales=1650000 Earning available for common stock =140000 current liabilities=60000 How inventory???