FINANCIAL ACCOUNTING W/ACCESS >CI<
2nd Edition
ISBN: 9781259999024
Author: SPICELAND
Publisher: MCG CUSTOM
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Chapter 12, Problem 12.2BE
To determine
To perform: Horizontal analysis and provide both amount and percentage change
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Vockery Market Co.
Balance Sheet
2018 2017
Cash
20,000
24,000
ST Investments
18,000
26,000
Net Accounts Receivable
50,000
78,000
Inventory
70,000
66,000
Prepaid Expenses
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170,000
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PP&E
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Prepare a horizontal and vertical analysis of Total Assets
Explain how the efficient management of assets responds to the achievement of the company's sales.
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Accounts Receivable
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305,000
Marketable Securities
81,000
42,000
Inventories
441,000
455,000
Prepaids
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789,000
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Property, Plant, and Equipment, net
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Total Assets
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Account Payable
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Accruals
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Total Current Liabilities
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Bonds Payable
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Total Liabilities
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Common Stocks
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Retained Earnings
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Total Liabilities & Equity
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Income Statement
2018
2019…
XYZ Inc's comparative balance sheets are presented below.
XYZ Inc.
Comparative Balance Sheets
31-Dec
2021
2020
Cash
$ 18,700
$ 22,700
Accounts Receivable
$ 24,700
$ 22,300
Investments
$ 25,000
$ 16,000
Equipment
$ 59,000
$ 70,000
Accumulated Depreciation
$ (14,500)
$ (10,000)
Total Assets
$ 112,900
$ 121,000
Accounts Payable
$ 13,600
$ 11,100
Binds Payable
$ 6,000
$ 30,000
Common Stock
$ 50,000
$ 45,000
Retained Earnings
$ 43,300
$ 34,900
Total Liabilities + Equity
$ 112,900
$ 121,000
Additional information:
Net income was $17,700. Dividends declared and paid were $9,300.
Equipment which cost $11,000 and had accumulated depreciation of $2,000 was sold for $4000
All other changes in noncurrent account balances had a direct effect on cash flows, except the change in…
Chapter 12 Solutions
FINANCIAL ACCOUNTING W/ACCESS >CI<
Ch. 12 - Prob. 1RQCh. 12 - Prob. 2RQCh. 12 - Prob. 3RQCh. 12 - Prob. 4RQCh. 12 - 5.In performing horizontal analysis, why is it...Ch. 12 - Prob. 6RQCh. 12 - Prob. 7RQCh. 12 - Prob. 8RQCh. 12 - Prob. 9RQCh. 12 - Prob. 10RQ
Ch. 12 - Prob. 11RQCh. 12 - Prob. 12RQCh. 12 - Prob. 13RQCh. 12 - Prob. 14RQCh. 12 - Prob. 15RQCh. 12 - Prob. 16RQCh. 12 - Prob. 17RQCh. 12 - Prob. 18RQCh. 12 - Prob. 19RQCh. 12 - Prob. 20RQCh. 12 - Prob. 12.1BECh. 12 - Prob. 12.2BECh. 12 - Prob. 12.3BECh. 12 - Prob. 12.4BECh. 12 - Prob. 12.5BECh. 12 - Universal Sports Supply began the year with an...Ch. 12 - Prob. 12.7BECh. 12 - Prob. 12.8BECh. 12 - Prob. 12.9BECh. 12 - Prob. 12.10BECh. 12 - Prob. 12.11BECh. 12 - Prob. 12.12BECh. 12 - Prob. 12.13BECh. 12 - Classify each of the following accounting...Ch. 12 - Classify each of the following accepted accounting...Ch. 12 - Prob. 12.1ECh. 12 - Prob. 12.2ECh. 12 - Prob. 12.3ECh. 12 - Prob. 12.4ECh. 12 - Prob. 12.5ECh. 12 - Refer to the information for Adrian Express in...Ch. 12 - Prob. 12.7ECh. 12 - Calculate profitability ratios (LO124) Refer to...Ch. 12 - Prob. 12.9ECh. 12 - The income statement for Stretch-Tape Corporation...Ch. 12 - Prob. 12.11ECh. 12 - LeBrons Bookstores has two divisions, books and...Ch. 12 - Prob. 12.13ECh. 12 - Prob. 12.14ECh. 12 - Distinguish between conservative and aggressive...Ch. 12 - Prob. 12.1APCh. 12 - Prob. 12.2APCh. 12 - Prob. 12.3APCh. 12 - Prob. 12.4APCh. 12 - Prob. 12.5APCh. 12 - Prob. 12.6APCh. 12 - Game-On Sports operates in two distinct segments:...Ch. 12 - Prob. 12.2BPCh. 12 - Prob. 12.3BPCh. 12 - Prob. 12.4BPCh. 12 - Prob. 12.5BPCh. 12 - Prob. 12.6BPCh. 12 - Prob. 12.1APCPCh. 12 - Prob. 12.2APFACh. 12 - Prob. 12.3APFACh. 12 - Prob. 12.4APCACh. 12 - Prob. 12.5APECh. 12 - Prob. 12.7APWCCh. 12 - Prob. 12.8APEM
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