ZuoTi.Pro
Question

Birtle Corporation reports the following statement of financial position information for 2014 and 2015 Birtle CORPORATION 2014 and 2015 Statement of Financial Position Assets Liabilities and Owners Equity 2014 2015 2014 2015 Current assets Current liabilities $ 41,060 Cash Accounts receivable Inventory $ 9,279 23,683 42,636 $11,173 25,760 46,915 Accounts payable Notes payable $43,805 16,843 16,157 57217 $ 40,000 50,000 Total $ 75,598 $ 83,848 Total $ 60,648 $ 35,000 $ 50,000 Long-term debt Owners equity Common stock and paid-in surplus Retained earnings 200,428 $250,428 $347,645 236,167 $286,167 $381,815 Net plant and equipment $272,047 $297,967 Total Total assets $347,645 $381,815 Total liabilities and owners equity Prepare the 2014 and 2015 common-size statement of financial position for Birtle. (Round the final answers to 2 decimal places.)2014 2015 Assets Current assets Cash Accounts receivable Inventory $ 9,279 23,683 42,636 % $11,173 25,760 46,915 Total $ 75,598 % $83,848 Fixed assets Net plant and equipment $272,047 % $297,967 Total assets $347,645 % $381,815 Liabilities and Owners Equity Current liabilities $41,060 Accounts payable Notes payable % $43,805 16,157 16,843 Total 57,217 % $60,648 Long-term debt Owners equity $ 40,000 % $35,000 Common stock and paid-in surplus Accumulated retained earnings $50,000 % $50,000 200,428 $250,428 $347,645 236,167 % $286,167 % $381,815 Total Total liabilities and owners equity

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

Home nert Page Layout Formulas Data Review View dd-Ins E AutoSum 11 -A ー E ゴText Wrap Text General Sort &Find & チFormat Painter B l U. ㄧ˙ タ.Δ. -=- 還便困Merge & Center. $,%,,Ma conditional Format Cell Insert Delete Format 2 ClearFe Select Edting Formatting, as Table w styles. ▼ ㆆ ▼ Clipboard IT311 IJ IK IM IO IS IT 2014 % 2015 % 305 306 30ぎ 308 309 310 FOR COMMON SIZE STATEMENT CURRENT ASSETS EACH FIGURE SHOULD BE 2.67% 6.81% 12.26% 21.75% 2.93% DIVIDED BY TOTAL ASSETS 6.75% 9279 23683 42636 75598 FOR EXAMPLE 469I5/381815 ACCOUNTS RECEIVABLE INVENTORY TOTAL FIXED ASSETS NET PLANT & EQUIPMENT TOTAL ASSETS 25760 46915 83848 < 21.96% 272047, 347645 78.25% 297967 100.00% 381815 78.04% 100.00% 13 315 LIABILITIES & OWNERS EQUITY CURRENT LIABILITIES ACCOUNTS PAYABLE NOTES PAYABLE TOTAL LONG TERM DEBT OWNERS EQUITY COMMON STOCK ACCUMULTAED RETAINED EARNINGS TOTAL TOTAL LIABILITIES & OWNERS EQUITY 317 318 319 320 41060 16157 57217 11.81% 11.47% 4.41% 15.88% 9.17% 43805 16843 16.46% 11.51% 35000 322 32: 50000 200428 250428 347645 14.38% 57.65% 236167 72.04% 286167 100.00% 381815 13.10% 61.85% 74.95% 100.00% 325 4 FIFO CASH BUDGET bud cle ROE, BV NV ratio VARIANCE BEP OL FL ratios B-S profit loss SALES BUDGET dupont DIFF ANALYSIS overhead floatOF ае 01-02-2019

0 0
Add a comment
Know the answer?
Add Answer to:
Birtle Corporation reports the following statement of financial position information for 2014 and 2015 Birtle CORPORATION...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Just Dew It Corporation reports the following balance sheet information for 2011 and 2012. JUST DEW...

    Just Dew It Corporation reports the following balance sheet information for 2011 and 2012. JUST DEW IT CORPORATION 2011 and 2012 Balance Sheets Assets Liabilities and Owners’ Equity 2011 2012 2011 2012   Current assets   Current liabilities       Cash $ 9,279 $ 11,173       Accounts payable $ 41,060 $ 43,805       Accounts receivable 23,683 25,760       Notes payable 16,157 16,843       Inventory 42,636 46,915         Total $ 75,598 $ 83,848         Total $ 57,217 $ 60,648   Long-term debt $ 40,000 $ 35,000   Owners’ equity       Common stock and paid-in...

  • Current assets Current liabilities Cash $ 9,279 $ 11,173 Accounts payable $ 41,060 $ 43,805 Accounts...

    Current assets Current liabilities Cash $ 9,279 $ 11,173 Accounts payable $ 41,060 $ 43,805 Accounts receivable 23,683 25,760 Notes payable 16,157 16,843 Inventory 42,636 46,915 Total $ 75,598 $ 83,848 Total $ 57,217 $ 60,648 Long-term debt $ 40,000 $ 35,000 Fixed assets Owners’ equity Common stock and paid-in surplus $ 50,000 $ 50,000 Retained earnings 200,428 236,167 Net plant and equipment $ 272,047 $ 297,967 Total $ 250,428 $ 286,167 Total assets $ 347,645 $ 381,815 Total liabilities...

  • Birtle Corporation reports the following statement of financial position information for 2017 and 2018. Assets 2017...

    Birtle Corporation reports the following statement of financial position information for 2017 and 2018. Assets 2017 2018 Current assets Cash Accounts receivable Inventory Total $ 43,805 16,843 $ 9,279 23,683 42,636 $ 75,598 BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position Liabilities and Owners' Equity 2018 2017 Current liabilities $ 11,173 Accounts payable $ 41,060 25,760 Notes payable 16, 157 46,915 $ 83, 848 Total $ 57,217 Long-term debt $ 40,000 Owners' equity Common stock and paid-in surplus $...

  • Change 2017 Sources/Uses 2018 Assets Current assets $ 11,173 Cash 9,279 (Click to select) 25,760 Accounts...

    Change 2017 Sources/Uses 2018 Assets Current assets $ 11,173 Cash 9,279 (Click to select) 25,760 Accounts receivable 23,683 (Click to select) 46,915 $ 83,848 42,636 (Click to select) Inventory $ 75,598 Total (Click to select) Fixed assets 2$ Net plant and equipment $272,047 $297,967 (Click to select) $347,645 $381,815 (Click to select) Total assets Liabilities and Owners' Equity Current liabilities $ 41,060 $ 43,805 Accounts payable 2$ (Click to select) (Click to select) Notes payable 16,157 16,843 $ 57,217 $...

  • NWC ratio and Debt-equity ratio? Birtle Corporation reports the following statement of financial position information for...

    NWC ratio and Debt-equity ratio? Birtle Corporation reports the following statement of financial position information for 2017 and 2018. Assets 2018 Current assets Cash Accounts receivable Inventory Total $ 43,805 16,843 BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position Liabilities and Owners' Equity 2017 2018 2017 Current liabilities $ 9,279 $ 11,173 Accounts payable $ 41,060 23,683 25,760 Notes payable 16,157 42,636 46,915 $ 75,598 $ 83, 848 Total $ 57,217 Long-term debt $ 40,000 Owners' equity $272,047 $297,967...

  • Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.    JUST...

    Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.    JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014 2015   Current assets   Current liabilities       Cash $ 4,000 $ 11,280       Accounts payable $ 39,040 $ 48,720       Accounts receivable 14,880 20,400       Notes payable 12,960 17,280       Inventory 61,920 90,480         Total $ 80,800 $ 122,160         Total $ 52,000 $ 66,000   Long-term debt $ 48,000 $ 36,000   Owners’ equity       Common stock and...

  • Birtle Corporation reports the following statement of financial position information for 2017 and 2018. Assets 2017...

    Birtle Corporation reports the following statement of financial position information for 2017 and 2018. Assets 2017 2017 2018 S Current assets Cash Accounts receivable Inventory Total $ 43, 805 16, 843 9, 279 23, 683 42.636 $ 75,598 BIRTLE CORPORATION 2017 and 2018 Statement of Financial Position Liabilities and Owners' Equity 2018 Current liabilities $ 11, 173 Accounts payable $ 41,060 25, 760 Notes payable 16, 157 46, 915 $ 83, 848 Total $ 57, 217 Long-term debt $ 40,000...

  • Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.    JUST...

    Just Dew It Corporation reports the following balance sheet information for 2014 and 2015.    JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014 2015   Current assets   Current liabilities       Cash $ 11,000 $ 14,250       Accounts payable $ 54,000 $ 63,750       Accounts receivable 27,000 36,750       Notes payable 14,800 20,500       Inventory 75,000 96,250         Total $ 113,000 $ 147,250         Total $ 68,800 $ 84,250   Long-term debt $ 50,000 $ 40,000   Owners’ equity       Common stock and...

  • Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Prepare the...

    Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Prepare the 2015 combined common-size, common–base year balance sheet for Just Dew It. (Do not round intermediate calculations. Round your answers to 4 decimal places, e.g., 32.1616.) Any help is appreciated :) JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Cash Accounts receivable Inventory $ 6,560 16,160 61,280 $ 8,600 22,600 74,600...

  • please help Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000...

    please help Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT