Homework Answers
Accounts receivable percentage = Accounts receivable/Total assets
= 100,000/400,000
= 25%
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Vertical Analysis of Balance Sheets Divide each by total Labines and Stockholluty Knowledge Check 01 Jackson...
Divide each ledger account by total assets to get a percentage of total assets. Do this for both balance sheets....
Divide each ledger account by total assets to get a percentage
of total assets. Do this for both balance sheets.
XR Common See Balance Sheets (1) - Microsoft Excel - X Cut Wap Test Copy Calibri AA BIU-BOA Paste Merge Center % Format Painter Conditional Format Formatting as Table Celine Dite forma Styles 1 Balance Sheets 3 Company 1 Company 2 December 31, 2018 December 31, 2018 65.000.00 135,000.00 375,000.00 575.000.00 1,100,000.00 1.675.000.00 5 ASSETS 6 Current Assets 7 Carsh...
1. prepare a vertical analysis of Sports Unlimited's 2018 and 2017 balance sheets. Express each amount...
1. prepare a vertical analysis of Sports Unlimited's
2018 and 2017 balance sheets. Express each amount as a percentage
of total assets for that year. (Amounts to be deducted should be
indicated by a minus sign. Round your answer to 1 decimal
place.)
2. Prepare a horizontal analysis of Sports Unlimited's
2018 balance sheet using 2017 as the base year. (Negative amounts
and Decreases should be indicated by a minus sign. Round your
percentage answers to 1 decimal place.)
SPORTS...
Required: 1. Prepare a vertical analysis of Sports Unlimited's 2021 and 2020 balance sheets. Express each...
Required: 1. Prepare a vertical analysis of Sports Unlimited's 2021 and 2020 balance sheets. Express each amount as a percentage of total assets for that year. (Amounts to be deducted should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) SPORTS UNLIMITED Balance Sheets For the yearss ended December 31 2021 2020 Amount Amount Assets Current assets: $ Cash 210,600 135,000 Accounts receivable 98,100 52,500 Inventory 88,200 138,000 Prepaid rent 18,000 9,000 Long-term assets: Investment...
1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each...
1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount 2021 % Amount % Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and...
1. Prepare a vertical analysis of Sports Unlimited's 2018 and 2017 balance sheets. Express each amount...
1. Prepare a vertical analysis of Sports Unlimited's 2018 and 2017 balance sheets. Express each amount as a percentage of total assets for that year (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place Balance Sheets December 31 2018 2017 Assets Current assets 206,150 19,700 102,600 32,300 144,500 60,350 157.250 16,150 Accounts receivable Prepaid rent 29,200 196,550 211,850 (50350) 950,000 nvestment in bonds Land Equipment 305,150 207,400 (40 800) B50,000 Total...
Required Prepare a vertical analysis of both the balance sheets and income statements for 2019 and...
Required Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of the balance sheets for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. should be entered as 23.45).) RUNDLE COMPANY Vertical Analysis of Balance Sheets 2019 Percentage of Total 2018 Percentage of...
Knowledge Check 01 The balance sheets of Davidson Corporation reported net fixed assets $620,000 at the...
Knowledge Check 01 The balance sheets of Davidson Corporation reported net fixed assets $620,000 at the end of Year 1 and $340,000 at the end of Year 2. Net sales for Year 2 totaled $1,440,000. What is the fixed-asset turnover ratio for Year 2? (Round your answer to 1 decimal number.)
Vertical Analysis help! Using the following data from the comparative balance sheet of Goody Company. December...
Vertical Analysis help!
Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable Inventory Total assets $418,320 816,720 2,490,000 $425,250 787,500 3,150,000 Illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2017 December 31, 2016 Goody Company Balance Sheets Amount Percentage Amount Percentage Accounts receivable $418,320 $816,720 $2,490,000 % $425,250 % $787,500 % $3,150,000 Inventory Total assets
Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018...
Prepare a vertical analysis of both the balance sheets and
income statements for 2019 and 2018
THORNTON COMPANY Vertical Analysis of Income Statements 2019 Percentage of Amount Sales 2018 Percentage of Sales Amount Revenues $ 230,400 8,200 238,600 $ 210,800 5,600 216,400 Sales (net) Other revenues Total revenues Expenses Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses 119,500 54,300 6,200 21,200 201,200 37,400 102,000 48,900 5,400 20,200 176,500 39,900 Net income $...
Delta Designs, Inc. has the following data: Perform a vertical analysys of Delta Designs' balance sheet...
Delta Designs, Inc. has the following data:
Perform a vertical analysys of Delta Designs' balance sheet for
each year.
Delta Designs, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets Total Assets $ 25,000 $69,300 153,600 184,275 61,425 $ 200,000 $ 315,000 21,400 Liabilities Total Current Liabilities Long-term Debt Total Liabilities $ 27,600 $53,550 204,750 72,400 00,000 258,300 Stockholders' Equity 100,000 56,700 Total Stockholders' Equity $ 200,000...
Divide each ledger account by total assets to get a percentage
of total assets. Do this for both balance sheets.
XR Common See Balance Sheets (1) - Microsoft Excel - X Cut Wap Test Copy Calibri AA BIU-BOA Paste Merge Center % Format Painter Conditional Format Formatting as Table Celine Dite forma Styles 1 Balance Sheets 3 Company 1 Company 2 December 31, 2018 December 31, 2018 65.000.00 135,000.00 375,000.00 575.000.00 1,100,000.00 1.675.000.00 5 ASSETS 6 Current Assets 7 Carsh...
1. prepare a vertical analysis of Sports Unlimited's
2018 and 2017 balance sheets. Express each amount as a percentage
of total assets for that year. (Amounts to be deducted should be
indicated by a minus sign. Round your answer to 1 decimal
place.)
2. Prepare a horizontal analysis of Sports Unlimited's
2018 balance sheet using 2017 as the base year. (Negative amounts
and Decreases should be indicated by a minus sign. Round your
percentage answers to 1 decimal place.)
SPORTS...
Required: 1. Prepare a vertical analysis of Sports Unlimited's 2021 and 2020 balance sheets. Express each amount as a percentage of total assets for that year. (Amounts to be deducted should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) SPORTS UNLIMITED Balance Sheets For the yearss ended December 31 2021 2020 Amount Amount Assets Current assets: $ Cash 210,600 135,000 Accounts receivable 98,100 52,500 Inventory 88,200 138,000 Prepaid rent 18,000 9,000 Long-term assets: Investment...
1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 2022 Amount 2021 % Amount % Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Contingent liability Common stock Retained earnings Total liabilities and...
1. Prepare a vertical analysis of Sports Unlimited's 2018 and 2017 balance sheets. Express each amount as a percentage of total assets for that year (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place Balance Sheets December 31 2018 2017 Assets Current assets 206,150 19,700 102,600 32,300 144,500 60,350 157.250 16,150 Accounts receivable Prepaid rent 29,200 196,550 211,850 (50350) 950,000 nvestment in bonds Land Equipment 305,150 207,400 (40 800) B50,000 Total...
Required Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of the balance sheets for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. should be entered as 23.45).) RUNDLE COMPANY Vertical Analysis of Balance Sheets 2019 Percentage of Total 2018 Percentage of...
Vertical Analysis help!
Using the following data from the comparative balance sheet of Goody Company. December 31, 2017 December 31, 2016 Accounts receivable Inventory Total assets $418,320 816,720 2,490,000 $425,250 787,500 3,150,000 Illustrate vertical analysis. (Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2017 December 31, 2016 Goody Company Balance Sheets Amount Percentage Amount Percentage Accounts receivable $418,320 $816,720 $2,490,000 % $425,250 % $787,500 % $3,150,000 Inventory Total assets
Prepare a vertical analysis of both the balance sheets and
income statements for 2019 and 2018
THORNTON COMPANY Vertical Analysis of Income Statements 2019 Percentage of Amount Sales 2018 Percentage of Sales Amount Revenues $ 230,400 8,200 238,600 $ 210,800 5,600 216,400 Sales (net) Other revenues Total revenues Expenses Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses 119,500 54,300 6,200 21,200 201,200 37,400 102,000 48,900 5,400 20,200 176,500 39,900 Net income $...
Delta Designs, Inc. has the following data:
Perform a vertical analysys of Delta Designs' balance sheet for
each year.
Delta Designs, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets Total Assets $ 25,000 $69,300 153,600 184,275 61,425 $ 200,000 $ 315,000 21,400 Liabilities Total Current Liabilities Long-term Debt Total Liabilities $ 27,600 $53,550 204,750 72,400 00,000 258,300 Stockholders' Equity 100,000 56,700 Total Stockholders' Equity $ 200,000...
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