Homework Answers
Answer to Requirement a.
Patterson have cash on hand of 1.6% to its total assets.
Answer to Requirement b.
A 20.6% percent of total assets is financed through Short Term debt, whereas a 21.3% of total assets is financed through long term debt.
Answer to Requirement c.
A 2.6% percent of revenue is left over after paying all of its expenses, including taxes.
Answer to Requirement d.
The Cost of goods sold represents 66.6% of Patterson’s sales.
The Operating expenses represents 26.6% of Patterson’s sales.
The Interest Expenses represents 2.8% of Patterson’s sales.
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Common-Size Income Statement 2016 100.0 % 66.6 334 % 26.6 Revenues 29,960 (19,950) 10,010 (7,960) 2,050...
(Analyzing common-size financial statements) Use the common-size financial statements found here: to respond to your boss'...
(Analyzing common-size financial statements) Use the common-size financial statements found here: to respond to your boss' request that you write up your assessment of the firm's financial condition. Specifically, write up a brief narrative that responds to the following questions: a. How much cash does Patterson have on hand relative to its total assets? b. What proportion of Patterson's assets has the firm financed using short-term debt? Long-term debt? c. What percent of Patterson's revenues does the firm have left...
(Analyzing common-size financial statements) Use the common-size financial statements found here: LOADING... to respond to your...
(Analyzing common-size financial statements) Use the common-size financial statements found here: LOADING... to respond to your boss' request that you write up your assessment of the firm's financial condition. Specifically, write up a brief narrative that responds to the following questions: a. How much cash does Patterson have on hand relative to its total assets? b. What proportion of Patterson's assets has the firm financed using short-term debt? Long-term debt? c. What percent of Patterson's revenues does the firm have...
Common-Size Balance Sheet Cash and marketable securities Accounts receivable Inventory Total current assets Net property, plant,...
Common-Size Balance Sheet Cash and marketable securities Accounts receivable Inventory Total current assets Net property, plant, and equipment Total assets Accounts payable 2016 470 5,990 9,550 16,010 17,000 33,010 7,150 1.4 % 18.1 28.9 48.5 % 51.5 100.0 % 21.7 % Short-term notes Total current liabilities Long-term liabilities Total liabilities Total common shareholders' equity Total liabilities and shareholders' equity 6,750 13,900 6,950 20,850 12,160 33,010 20.4 42.1 % 21.1 63.2 % 36.8 100.0 % $ Common-Size Income Statement 2016 100.0...
Use the common-size financial statements found here: 6 parts remaining Clear All Check Answer Data Table...
Use the common-size financial statements found here: 6 parts remaining Clear All Check Answer Data Table Common-Size Balance Sheet 2016 Cash and marketable securities $ 500 1.5 % Accounts receivable 6,000 18.2 Inventory 9,500 28.8 Total current assets $ 16,000 48.5 % Net property, plant, and equipment 17,000 51.5 Total assets $ 33,000 100.0 % Accounts payable $ 7,200 21.8 % Short-term notes 6,800 20.6 Total current liabilities $ 14,000 42.4 % Long-term liabilities 7,000 21.2 Total liabilities $ 21,000...
A main element of financial statement analysis is the use of common-size financial statements, also called...
A main element of financial statement analysis is the use of common-size financial statements, also called "vertical analysis." A common-size balance sheet divides each account's value by the value of total assets, while a common-size income statement divides each entry by net sales revenue Common-size balance sheets immediately show how a firm's assets, liabilities, and equity are distributed. Common-size income statements give a quick snapshot of how various expenses and types of income relate to sales revenue. The following common-size...
P3-19 Common-size statement analysis A common-size income statement for Creek Enterprises 2018 operations follows. Using the...
P3-19 Common-size statement analysis A common-size income statement for Creek Enterprises 2018 operations follows. Using the firm's 2019 income statement presented in Problem 3-16, develop the 2019 common-size income statement and compare it with the 2018 statement. Which areas require further analysis and investigation? Creek Enterprises Common-Size Income Statement for the Year Ended December 31, 2018 100.0% 65.9 34.1% Sales revenue ($35,000,000) Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expense...
Please add the computation and explanation. Thank you! A. Convert to a Common Size Statement then...
Please add the computation and explanation. Thank you!
A. Convert to a Common Size Statement then prepare an executive summary using the Common Size Statement Sales Cost of Goods Sold Gross Profit Operating Expenses Php 200,000.00 120,000.00 80,000.00 10,000.00 Salaries and Wages Employee's Benefits Sales Commissions Rental Expenses Advertising Professional Fees Travel and Transportation Representation Training/Seminars Light, Water, and Power Office Supplies Depreciation Miscellaneous Total Operating Expenses Operating Profit Add: Non-Operating Income Less: Non-Operating Expenses Net Profit Before Taxes Taxes...
133 CHAPTER 3 Financial Statements and Ratio Analysis Common-size statement analysis A common-size income statement for...
133 CHAPTER 3 Financial Statements and Ratio Analysis Common-size statement analysis A common-size income statement for Enterprises' 2018 operations follows. Using the firm's 2019 income stater Creek ment P3-19 em 3-16, develop the 2019 common-size income statement and compare it with the 2018 statement. Which areas require further analysis and investigation? Creek Enterprises Common-Size Income Statement for the Year Ended December 31, 2018 100.0% 65.9 34.1 % Sales revenue ($35,000,000) Less: Cost of goods sold Gross profits Less: Operating expenses...
Common-size statement analysis A common-size income statement for Creek Enterprises' 2018 operations follows E Using the...
Common-size statement analysis A common-size income statement for Creek Enterprises' 2018 operations follows E Using the firm's 2019 income statements, develop the 2019 common-size income statement and compare it to the 2018statement. Which areas require further analysis and investigation? Complete the common-size income statement for the year ending December 31, 2019 and compare it to the common-size income statement for the year ending December 2018: (Round to one decimal place.) 100.0 % 66.0 34.0 % Creek Enterprises Common-Size Income Statement...
133 CHAPTER 3 Financial Statements and Ratio Analysis Common-size statement analysis A common-size income statement for...
133 CHAPTER 3 Financial Statements and Ratio Analysis Common-size statement analysis A common-size income statement for Creek Enterprises' 2018 operations follows. Using the firm's 2019 income statem presented in Problem 3-16, develop the 2019 common-size income statement an compare it with the 2018 statement. Which areas require further analysis and investigation? P3-19 Creek Enterprises Common-Size Income Statement for the Year Ended December 31, 2018 Sales revenue ($35,000,000) Less: Cost of goods sold 100.0% 65.9 34.1% Gross profits Less: Operating expenses...
(Analyzing common-size financial statements) Use the common-size financial statements found here: to respond to your boss' request that you write up your assessment of the firm's financial condition. Specifically, write up a brief narrative that responds to the following questions: a. How much cash does Patterson have on hand relative to its total assets? b. What proportion of Patterson's assets has the firm financed using short-term debt? Long-term debt? c. What percent of Patterson's revenues does the firm have left...
Common-Size Balance Sheet Cash and marketable securities Accounts receivable Inventory Total current assets Net property, plant, and equipment Total assets Accounts payable 2016 470 5,990 9,550 16,010 17,000 33,010 7,150 1.4 % 18.1 28.9 48.5 % 51.5 100.0 % 21.7 % Short-term notes Total current liabilities Long-term liabilities Total liabilities Total common shareholders' equity Total liabilities and shareholders' equity 6,750 13,900 6,950 20,850 12,160 33,010 20.4 42.1 % 21.1 63.2 % 36.8 100.0 % $ Common-Size Income Statement 2016 100.0...
A main element of financial statement analysis is the use of common-size financial statements, also called "vertical analysis." A common-size balance sheet divides each account's value by the value of total assets, while a common-size income statement divides each entry by net sales revenue Common-size balance sheets immediately show how a firm's assets, liabilities, and equity are distributed. Common-size income statements give a quick snapshot of how various expenses and types of income relate to sales revenue. The following common-size...
P3-19 Common-size statement analysis A common-size income statement for Creek Enterprises 2018 operations follows. Using the firm's 2019 income statement presented in Problem 3-16, develop the 2019 common-size income statement and compare it with the 2018 statement. Which areas require further analysis and investigation? Creek Enterprises Common-Size Income Statement for the Year Ended December 31, 2018 100.0% 65.9 34.1% Sales revenue ($35,000,000) Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expense...
Please add the computation and explanation. Thank you!
A. Convert to a Common Size Statement then prepare an executive summary using the Common Size Statement Sales Cost of Goods Sold Gross Profit Operating Expenses Php 200,000.00 120,000.00 80,000.00 10,000.00 Salaries and Wages Employee's Benefits Sales Commissions Rental Expenses Advertising Professional Fees Travel and Transportation Representation Training/Seminars Light, Water, and Power Office Supplies Depreciation Miscellaneous Total Operating Expenses Operating Profit Add: Non-Operating Income Less: Non-Operating Expenses Net Profit Before Taxes Taxes...
133 CHAPTER 3 Financial Statements and Ratio Analysis Common-size statement analysis A common-size income statement for Enterprises' 2018 operations follows. Using the firm's 2019 income stater Creek ment P3-19 em 3-16, develop the 2019 common-size income statement and compare it with the 2018 statement. Which areas require further analysis and investigation? Creek Enterprises Common-Size Income Statement for the Year Ended December 31, 2018 100.0% 65.9 34.1 % Sales revenue ($35,000,000) Less: Cost of goods sold Gross profits Less: Operating expenses...
Common-size statement analysis A common-size income statement for Creek Enterprises' 2018 operations follows E Using the firm's 2019 income statements, develop the 2019 common-size income statement and compare it to the 2018statement. Which areas require further analysis and investigation? Complete the common-size income statement for the year ending December 31, 2019 and compare it to the common-size income statement for the year ending December 2018: (Round to one decimal place.) 100.0 % 66.0 34.0 % Creek Enterprises Common-Size Income Statement...
133 CHAPTER 3 Financial Statements and Ratio Analysis Common-size statement analysis A common-size income statement for Creek Enterprises' 2018 operations follows. Using the firm's 2019 income statem presented in Problem 3-16, develop the 2019 common-size income statement an compare it with the 2018 statement. Which areas require further analysis and investigation? P3-19 Creek Enterprises Common-Size Income Statement for the Year Ended December 31, 2018 Sales revenue ($35,000,000) Less: Cost of goods sold 100.0% 65.9 34.1% Gross profits Less: Operating expenses...
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