UNIMAS HOLDING BERHAD BALANCE SHEET 31-Dec-20 (RM000) ASSETS Current Assets Cash and cash equivalents 100,000 Accounts receivable 20,000 Inventory 15,000 Prepaid expense 4,000 Investment 10,000 Total current assets 149,000 Property and Equipment Land 24,300 Building and improvement 250,000 Equipment 50,000 Less: Accumulated depreciation - 5,000 Tot. Property and Equipment 319,300 Other Assets Intangible assets 4,000 Less: accumulated depreciation - 200 Total other assets 3,800 Total Assets 472,100 Liabilities and Shareholders' Equity Current Liabilities Accounts payable 30,000 Notes payable 10,000 Accrued expenses 5,000 Deferreed revenue 2,000 Total current liabilities 47,000 Long-term liabilities 200,000 Total Liabilities 247,000 Shareholders' Equity Common stock 10,000 Additional paid-in capital 20,000 Retianed earnings 197,100 Treasury stock - 2,000 Total shaeholers' equity 225,100 Total Liabilities and Shareholders' Equity 472,100 Task: a. Prepare the balance sheet common size statement for the above company. b. Comment on what youcould observe from the common size statement. c. To make a more meaningful analysis, what should be done with the statement?

UNIMAS HOLDING BERHAD BALANCE SHEET 31-Dec-20 (RM000) ASSETS Current Assets Cash and cash equivalents 100,000 Accounts receivable 20,000 Inventory 15,000 Prepaid expense 4,000 Investment 10,000 Total current assets 149,000 Property and Equipment Land 24,300 Building and improvement 250,000 Equipment 50,000 Less: Accumulated depreciation - 5,000 Tot. Property and Equipment 319,300 Other Assets Intangible assets 4,000 Less: accumulated depreciation - 200 Total other assets 3,800 Total Assets 472,100 Liabilities and Shareholders' Equity Current Liabilities Accounts payable 30,000 Notes payable 10,000 Accrued expenses 5,000 Deferreed revenue 2,000 Total current liabilities 47,000 Long-term liabilities 200,000 Total Liabilities 247,000 Shareholders' Equity Common stock 10,000 Additional paid-in capital 20,000 Retianed earnings 197,100 Treasury stock - 2,000 Total shaeholers' equity 225,100 Total Liabilities and Shareholders' Equity 472,100 Task: a. Prepare the balance sheet common size statement for the above company. b. Comment on what youcould observe from the common size statement. c. To make a more meaningful analysis, what should be done with the statement?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 12P: Statement of Cash Flows A list of Fischer Companys cash flow activities is presented here: a. Patent...

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UNIMAS HOLDING BERHAD
BALANCE SHEET
31-Dec-20
(RM000)

ASSETS
Current Assets
Cash and cash equivalents	100,000
Accounts receivable	20,000
Inventory	15,000
Prepaid expense	4,000
Investment	10,000
Total current assets	149,000

Property and Equipment
Land	24,300
Building and improvement	250,000
Equipment	50,000
Less: Accumulated depreciation	- 5,000
Tot. Property and Equipment	319,300
Other Assets
Intangible assets	4,000
Less: accumulated depreciation	- 200
Total other assets	3,800
Total Assets	472,100

Liabilities and Shareholders' Equity
Current Liabilities
Accounts payable	30,000
Notes payable	10,000
Accrued expenses	5,000
Deferreed revenue	2,000
Total current liabilities	47,000

Long-term liabilities	200,000
Total Liabilities	247,000

Shareholders' Equity
Common stock	10,000
Additional paid-in capital	20,000
Retianed earnings	197,100
Treasury stock	- 2,000
Total shaeholers' equity	225,100
Total Liabilities and Shareholders' Equity	472,100

Task:
a. Prepare the balance sheet common size statement for the above company.
b. Comment on what youcould observe from the common size statement.
c. To make a more meaningful analysis, what should be done with the statement?

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