Balance sheet and income statement relationships across five years Compute the missing values for the following...
Balance sheet and income statement relationships across five years
Compute the missing values for the following chart and analyze the financial performance and position of this company. The first year of operations is 2005.
|
2011 |
2010 |
2009 |
2008 |
|
|
Assets: |
||||
|
Cash |
$500 |
$2410 |
$ 300 |
$ 300 |
|
Accounts receivable |
700 |
? |
300 |
200 |
|
Inventory |
400 |
400 |
? |
500 |
|
Land |
4110 |
400 |
21111 |
100 |
|
Property. plant, and equipment (net) liabilities and shareholders" equity: |
800 |
700 |
600 |
700 |
|
Accounts payable |
? |
500 |
3110 |
200 |
|
Bonds payable |
700 |
800 |
64141 |
500 |
|
Contributed capital |
600 |
600 |
4110 |
? |
|
Retained earnings |
600 |
300 |
800 |
400 |
|
Sales |
? |
700 |
1.100 |
1.000 |
|
Expenses |
(600) |
? |
? |
(400) |
|
Net income |
? |
(100) |
400 |
? |
|
Dividends |
200 |
7 |
7 |
7 |
Homework Answers
Missing values are highlighted in solution. Sales are growing
up, company is expanding its fixed assets in form of land and
inventory. Account payable is highest
in 2011. Highest dividend in
2011 is showing the better position of firm.
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