1. What is the general trend of the company’s current assets? Did you observe any account with significantfluctuations? What could be the reason for this?2. What is the general trend of the company’s noncurrent assets? Did you observe any account withsignificant fluctuations? What could be the reason for this?3. What is the general trend of the company’s current liabilities? Did you observe any account withsignificant fluctuations? What could be the reason for this?4. What is the general trend of the company’s noncurrent liabilities? Did you observe any account withsignificant fluctuations? What could be the reason for this?5. What is the general trend of the company’s equity? Did you observe any account with significantfluctuations? What could be the reason for this? LIABILITIES & EQUITYAccounts PayableAccrued Expenses-33.26%17.07%42.45%7.55%22.71%-7.67%Short-Term Borrowings0.00%0.00%-100.00%Current Income Taxes Payable-40.85%-20.02%-18.35%Other Current Liabilities, Total21.84%-59.16%-30.23%TOTAL CURRENT LIABILITIES-9.05%4.51%-17.51%Pension & Other Post-Retirement Benefits-9.95%-2.87%5.36%Deferred Tax Liability Non-Current6.10%-0.30%19.90%TOTAL NONCURRENT LIABILITIES-3.92%-1.92%10.31%TOTAL LIABILITIES-8.23%3.42%-13.84%Common Stock0.00%0.00%0.00%Additional Paid in Capital0.00%0.45%3.70%Retained Earnings-15.95%44.20%84.14%Treasury Stock0.00%0.00%37.68%Other Comprehensive Income-0.01%0.04%1.45%TOTAL EQUITY-5.34%11.53%14.25%TOTAL LIABILITIES AND EQUITY-5.94%9.77%6.68% GMA NETWORK INC.CONSOLIDATED STATEMENTS OF FINANCIAL POSITIONcurrency in philippine pesos, in millions2010200920082007ASSETSCash-43.99%30.34%65.55%Short term investments-100.00%1019.05%-27.59%Receivables7.18%17.25%-7.80%Inventory-7.00%31.83%9.89%Prepaid Expenses19.75%31.14%-21.48%Other Current Assets4.44%-18.13%16.49%TOTAL CURRENT ASSETS-6.52%16.44%5.72%Property Plant and Equipment-3.44%0.02%9.00%Long-Term Investments1.96%-1.04%16.19%Deferred Tax Assets, Long Term7.82%17.22%15.02%Other Intangibles36.68%-6.77%-5.78%Other Long-Term Assets-36.30%5.73%-8.59%TOTAL NONCURRENT ASSETS-4.98%0.40%8.06%TOTAL ASSETS-5.94%9.77%6.68%

In case of multiple sub-parts, only first 3 parts shall be answered. The trend analysis can be…

What is the general trend of the company’s current assets? Did you observe any account with significant fluctuations? What could be the reason for this? 2. What is the general trend of the company’s noncurrent assets? Did you observe any account with significant fluctuations? What could be the reason for this? 3. What is the general trend of the company’s current liabilities? Did you observe any account with significant fluctuations? What could be the reason for this?

What is the general trend of the company’s current assets? Did you observe any account with significant fluctuations? What could be the reason for this? 2. What is the general trend of the company’s noncurrent assets? Did you observe any account with significant fluctuations? What could be the reason for this? 3. What is the general trend of the company’s current liabilities? Did you observe any account with significant fluctuations? What could be the reason for this?

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

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

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

Chapter10: Current Liabilities And Payroll

Section: Chapter Questions

Problem 10.23EX

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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?
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PNG Company Comparative Balance Sheets For the year ended December 31 20X1 20X0 Current assets Cash $157,000 $105,000 Accounts receivable 49,000 62,000 Inventory 53,700 36,100 Prepaid rent 11,400 8,300 Total current assets $271,100 $211,400 Long-term assets Investment in bonds $30,000 $14,800 Land 216,300 184,200 Equipment (net) 114,500 137,900 Total long-term assets $360,800 $336,900 Total assets $631,900 $548,300 Current liabilities Accounts payable $61,300 $52,700 Interest payable 4,900 8,500 Income tax payable 15,400 12,600 Total current liabilities $81,600 $73,800 Long-term liabilities Bonds payable $173,800 $205,400 Stockholders' equity Common stock…
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tion 8Income statement for the year ended 31 December, 2019 of KKMTN Ghana Ltd2018 2019ȼ ‘000 ȼ ‘000Turnover 420,000 523,600Cost of sales (330,000) (417,200)Gross profit 89,000 106,400Expenses:Administration 44,600 50,200Selling and distribution 15,400 (60,000) 19,600 (69,800)Profit before interest 29,000 36,600Debenture interest - (2,800)Net profit before tax 29,000 33,800Taxation (8,000) (10,000)Net Profit after tax 21,000 23,800Ordinary dividend paid 8,400 9,250Ordinary shares issued 12 million and trading at ȼ3 each as at yesterday onGSE.You are required to compute the following investment ratios:a). Earnings per shareb). Dividend per sharec). Payout ratiod). Price earnings ratioe). Earnings yield
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