Homework Answers
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| Blackberry | Answer a | Horizontal Analysis | ||||
| $ million | $ million |
Increase or (Decrease) 2015 over 2014 |
Answer c | |||
| Assets | 2015 | 2014 | Dollars | Percent | Remarks | |
| Current Assets | 4,167.00 | 4,848.00 | (681.00) | -14.05% | Significant Change | |
| Non Current Assets | 2,382.00 | 2,704.00 | (322.00) | -11.91% | Significant Change | |
| Total Assets | 6,549.00 | 7,552.00 | (1,003.00) | -13.28% | Significant Change | |
| Liabilities & Shareholder's Equity | ||||||
| Current Liabilities | 1,363.00 | 2,268.00 | (905.00) | -39.90% | Significant Change | |
| Non Current Liabilities | 1,755.00 | 1,659.00 | 96.00 | 5.79% | Not Significant | |
| Total Liabilities | 3,118.00 | 3,927.00 | (809.00) | -20.60% | Significant Change | |
| Shareholder's Equity | 3,431.00 | 3,625.00 | (194.00) | -5.35% | Not Significant | |
| Total Liabilities & Shareholder's Equity | 6,549.00 | 7,552.00 | (1,003.00) | -13.28% | Significant Change | |
| Answer b | Vertical Analysis | |||||
| $ million | % of Total Assets | $ million | % of Total Assets | Answer c | ||
| Assets | 2015 | 2014 | Change % | Remarks | ||
| Current Assets | 4,167.00 | 63.63% | 4,848.00 | 64.19% | -0.57% | Not Significant |
| Non Current Assets | 2,382.00 | 36.37% | 2,704.00 | 35.81% | 0.57% | Not Significant |
| Total Assets | 6,549.00 | 100.00% | 7,552.00 | 100.00% | ||
| Liabilities & Shareholder's Equity | ||||||
| Current Liabilities | 1,363.00 | 20.81% | 2,268.00 | 30.03% | -9.22% | Significant Change |
| Non Current Liabilities | 1,755.00 | 26.80% | 1,659.00 | 21.97% | 4.83% | Significant Change |
| Total Liabilities | 3,118.00 | 47.61% | 3,927.00 | 52.00% | -4.39% | Significant Change |
| Shareholder's Equity | 3,431.00 | 52.39% | 3,625.00 | 48.00% | 4.39% | Significant Change |
| Total Liabilities & Shareholder's Equity | 6,549.00 | 100.00% | 7,552.00 | 100.00% | ||
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epare horizontal and tical analyses and identify nges. (LO 2, 3) AN ECL Comparative data from...
E18-4 Comparative data from the balance sheet of BlackBerry Limited are shown below BLACKBERRY LIMITED Consolidated...
E18-4 Comparative data from the balance sheet of BlackBerry Limited are shown below BLACKBERRY LIMITED Consolidated Balance Sheet February 28, 2015, and March 1, 2014 (in U.S. millions) Feb. 28, 2015 Assets $4,167 Current assets Non-current assets 2,382 Total assets $6,549 Liabilities and Shareholders' Equity Current liabilities $1,363 Non-current liabilities 1,755 Total liabilities 3,118 Shareholders' equity 3,431 Total liabilities and shareholders' equity $6,549 Mar. 1, 2014 $4,848 2,704 $7,552 $2,268 1,659 3,927 3,625 $7,552 Instructions (a) Using horizontal analysis, calculate...
Do instruction part a),b),&c). E18-4 Comparative data from the balance sheet of BlackBerry Limited are shown b...
Do
instruction part a),b),&c).
E18-4 Comparative data from the balance sheet of BlackBerry Limited are shown below. BLACKBERRY LIMITED Consolidated Balance Sheet February 28, 2015, and March 1, 2014 (in U.S. millions) Assets Feb. 28, 2015 Mar. 1, 2014 Current assets $4,167 2,382 $4,848 Non-current assets 2,704 Total assets $6,549 $7,552 Liabilities and Shareholders' Equity Current liabilities Non-current liabilities $1,363 $2,268 1,659 1,755 Total liabilities Shareholders' equity Total liabilities and shareholders' equity 3,118 3,927 3,625 3,431 $6,549 $7,552 Instructions (a)...
Instructions Prepare a vertical analysis for Fleetwood Corporation. E18-4 Comparative data from the balance sheet of...
Instructions Prepare a vertical analysis for Fleetwood Corporation. E18-4 Comparative data from the balance sheet of BlackBerry Limited are shown below. Prepare horizontal and vertical analyses and identify changes. (LO 2, 3) AN BLACKBERRY LIMITED Consolidated Balance Sheet February 28, 2015, and March 1, 2014 (in U.S. millions) Assets Feb. 28, 2015 Current assets $4,167 Non-current assets 2,382 Total assets $6,549 Liabilities and Shareholders' Equity Current liabilities $1,363 Non-current liabilities 1.755 Total liabilities 3,118 Shareholders' equity 3.431 Total liabilities and...
[The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company...
[The following information applies to the questions displayed
below.] Selected comparative financial statements of Korbin Company
follow KORBIN COMPANY Comparative Income Statements For Years Ended
December 31, 2015, 2014, and 2013 2015 2014 Sales $ 490,941 $
376,101 Cost of goods sold 295,546 236,944 2013 $ 261,000 167,040
Gross profit Selling expenses Administrative expenses 195,395
69,714 44,185 139,157 51,902 33,097 93,960 34,452 21,663 Total
expenses 113,899 84,999 56,115 Income before taxes Income taxes
81,496 15,158 54,158 11,102 37,845 7,683 Net...
( ( Problem 17-1A Calculation and analysis of trend percents LO A1, P1 Selected comparative finan...
( ( Problem 17-1A Calculation and analysis of trend percents LO A1, P1 Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 thousands) Sales Cost of goods sold Gross profit Operating expenses Net income 2017 2016 2015 2014 2013 2012 2011 $2,187 $1,915 $1,743 $1,597 $1,490 $1,386 $1,136 667 469 176 1,5731,279 1,101 642 963 634 247 895 595 215 837 549 614 467 636 366 21219 $147$ 270 307...
Selected contenanc e ments of Kortin Company follow KORAN COMPANY Comparative Income Statements nded December 31...
Selected contenanc e ments of Kortin Company follow KORAN COMPANY Comparative Income Statements nded December 31 2015 2014 and 2003 Fora 340075 23905 325.000 SU Grom proth 1579 53035 Avec 220 income before Income KORAN COMPANY D 2042 2003 S10 S10 10 $ 5 76 SO 000 ABOUT Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Denominator: Choose Numerator: = Current ratio Current ratio 2015 2014 2013 2. Complete the below table to...
A. Perform horizontal analysis and vertical analysis (for 2019 only) on the comparative balance sheet. In...
A. Perform horizontal analysis and vertical analysis (for 2019
only) on the comparative
balance sheet. In your answer please remember to indicate if it
is an INCREASE or
(DECREASE) and round your findings to ONE decimal place [e.g.
-32.996% is -33.0%
or minus 33.0% or (33.0%).
B. Calculate the current ratio for 2019.
C. Assuming credit sales for 2019 were $300,000 calculate the
receivables turnover ratio
for 2018.
D. Calculate the days in receivables ratio for 2019.
E. Calculate the...
A comparative balance sheet and income statement is shown for Cruz, Inc. CRUZ, INC. Comparative Balance...
A comparative balance sheet and income statement is shown for Cruz, Inc. CRUZ, INC. Comparative Balance Sheets December 31, 2015 2015 2014 Assets Cash $ 94,800 $ 24,000 Accounts receivable, net 41,000 51,000 Inventory 85,800 95,800 Prepaid expenses 5,400 4,200 Total current assets 227,000 175,000 Furniture 109,000 119,000 Accum. depreciation—Furniture (17,000 ) (9,000 ) Total assets $ 319,000 $ 285,000 Liabilities and Equity Accounts payable $ 15,000 $ 21,000 Wages payable 9,000 5,000 Income taxes payable 1,400 2,600 Total current...
Problem 13-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies...
Problem 13-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 Sales $ 554,143 $ 424,519 Cost of goods sold 333,594 266,173 2013 $ 294,600 188,544 Gross profit Selling expenses Administrative expenses 220,549 78,688 49,873 158,346 58,584 37,358 106,056 38,887 24,452 Total expenses 128,561 95,942 63,339...
Data Table Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Total Current Assets...
Data Table Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets $ 42,750 $ 208,335 33,915 285,000 $ 42,770 105,560 33,670 182,000 Total Assets Liabilities Total Current Liabilities S 49.020 $ 29,484 - Print Done RA Data Table Other Assets 33,915 285,000 $ Total Assets 33,670 182,000 Liabilities Total Current Liabilities 49,020 $ 109,155 29,484 126,490 158,175 155,974 Long-term Debt Total Liabilities Stockholders' Equity Total Stockholders' Equity Total...
E18-4 Comparative data from the balance sheet of BlackBerry Limited are shown below BLACKBERRY LIMITED Consolidated Balance Sheet February 28, 2015, and March 1, 2014 (in U.S. millions) Feb. 28, 2015 Assets $4,167 Current assets Non-current assets 2,382 Total assets $6,549 Liabilities and Shareholders' Equity Current liabilities $1,363 Non-current liabilities 1,755 Total liabilities 3,118 Shareholders' equity 3,431 Total liabilities and shareholders' equity $6,549 Mar. 1, 2014 $4,848 2,704 $7,552 $2,268 1,659 3,927 3,625 $7,552 Instructions (a) Using horizontal analysis, calculate...
Do
instruction part a),b),&c).
E18-4 Comparative data from the balance sheet of BlackBerry Limited are shown below. BLACKBERRY LIMITED Consolidated Balance Sheet February 28, 2015, and March 1, 2014 (in U.S. millions) Assets Feb. 28, 2015 Mar. 1, 2014 Current assets $4,167 2,382 $4,848 Non-current assets 2,704 Total assets $6,549 $7,552 Liabilities and Shareholders' Equity Current liabilities Non-current liabilities $1,363 $2,268 1,659 1,755 Total liabilities Shareholders' equity Total liabilities and shareholders' equity 3,118 3,927 3,625 3,431 $6,549 $7,552 Instructions (a)...
Instructions Prepare a vertical analysis for Fleetwood Corporation. E18-4 Comparative data from the balance sheet of BlackBerry Limited are shown below. Prepare horizontal and vertical analyses and identify changes. (LO 2, 3) AN BLACKBERRY LIMITED Consolidated Balance Sheet February 28, 2015, and March 1, 2014 (in U.S. millions) Assets Feb. 28, 2015 Current assets $4,167 Non-current assets 2,382 Total assets $6,549 Liabilities and Shareholders' Equity Current liabilities $1,363 Non-current liabilities 1.755 Total liabilities 3,118 Shareholders' equity 3.431 Total liabilities and...
[The following information applies to the questions displayed
below.] Selected comparative financial statements of Korbin Company
follow KORBIN COMPANY Comparative Income Statements For Years Ended
December 31, 2015, 2014, and 2013 2015 2014 Sales $ 490,941 $
376,101 Cost of goods sold 295,546 236,944 2013 $ 261,000 167,040
Gross profit Selling expenses Administrative expenses 195,395
69,714 44,185 139,157 51,902 33,097 93,960 34,452 21,663 Total
expenses 113,899 84,999 56,115 Income before taxes Income taxes
81,496 15,158 54,158 11,102 37,845 7,683 Net...
( ( Problem 17-1A Calculation and analysis of trend percents LO A1, P1 Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2017-2011 thousands) Sales Cost of goods sold Gross profit Operating expenses Net income 2017 2016 2015 2014 2013 2012 2011 $2,187 $1,915 $1,743 $1,597 $1,490 $1,386 $1,136 667 469 176 1,5731,279 1,101 642 963 634 247 895 595 215 837 549 614 467 636 366 21219 $147$ 270 307...
Selected contenanc e ments of Kortin Company follow KORAN COMPANY Comparative Income Statements nded December 31 2015 2014 and 2003 Fora 340075 23905 325.000 SU Grom proth 1579 53035 Avec 220 income before Income KORAN COMPANY D 2042 2003 S10 S10 10 $ 5 76 SO 000 ABOUT Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Denominator: Choose Numerator: = Current ratio Current ratio 2015 2014 2013 2. Complete the below table to...
A. Perform horizontal analysis and vertical analysis (for 2019
only) on the comparative
balance sheet. In your answer please remember to indicate if it
is an INCREASE or
(DECREASE) and round your findings to ONE decimal place [e.g.
-32.996% is -33.0%
or minus 33.0% or (33.0%).
B. Calculate the current ratio for 2019.
C. Assuming credit sales for 2019 were $300,000 calculate the
receivables turnover ratio
for 2018.
D. Calculate the days in receivables ratio for 2019.
E. Calculate the...
Problem 13-2A Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 Sales $ 554,143 $ 424,519 Cost of goods sold 333,594 266,173 2013 $ 294,600 188,544 Gross profit Selling expenses Administrative expenses 220,549 78,688 49,873 158,346 58,584 37,358 106,056 38,887 24,452 Total expenses 128,561 95,942 63,339...
Data Table Comparative Balance Sheet December 31, 2016 and 2015 2016 2015 Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets $ 42,750 $ 208,335 33,915 285,000 $ 42,770 105,560 33,670 182,000 Total Assets Liabilities Total Current Liabilities S 49.020 $ 29,484 - Print Done RA Data Table Other Assets 33,915 285,000 $ Total Assets 33,670 182,000 Liabilities Total Current Liabilities 49,020 $ 109,155 29,484 126,490 158,175 155,974 Long-term Debt Total Liabilities Stockholders' Equity Total Stockholders' Equity Total...
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