Homework Answers
| Waterloo Corporation | |||
| Statement of Financial Position | |||
| 31-Dec | |||
| 2015 | 2014 | 2013 | |
| Assets | |||
| Cash | $ 32,000.00 | $ 19,000.00 | $ 10,000.00 |
| Amounts Receivable (net) | $ 95,000.00 | $ 70,000.00 | $ 53,000.00 |
| Inventory | $ 81,000.00 | $ 71,000.00 | $ 53,000.00 |
| other current assets | $ 65,000.00 | $ 49,000.00 | $ 61,000.00 |
| Long-term investments | $ 120,000.00 | $ 76,000.00 | $ 50,000.00 |
| Property, Plant & Equipment (net) | $ 598,000.00 | $ 345,000.00 | $ 315,000.00 |
| Total Assets | $ 991,000.00 | $ 630,000.00 | $ 542,000.00 |
| Labilities & shareholders' Equity | |||
| Liabilities | |||
| Current liabilities | $ 71,600.00 | $ 56,000.00 | $ 65,000.00 |
| Noncurrent liabilities | $ 245,000.00 | $ 75,000.00 | $ 78,000.00 |
| Total Liabilities | $ 316,500.00 | $ 131,000.00 | $ 143,000.00 |
| Shareholders' Equity | |||
| Common shares | $ 436,500.00 | $ 319,000.00 | $ 269,000.00 |
| Retained Earnings | $ 238,000.00 | $ 180,000.00 | $ 130,000.00 |
| Total shareholders. Equity | $ 674,500.00 | $ 499,000.00 | $ 399,000.00 |
| Total Labilities & shareholders' Equity | $ 991,000.00 | $ 630,000.00 | $ 542,000.00 |
| Waterloo Corporation | |||
| Statement of Financial Position | |||
| 31-Dec | |||
| 2015 | 2014 | ||
| Assets | |||
| Cash | 68.42% | 90.00% | |
| Amounts Receivable (net) | 35.71% | 32.08% | |
| Inventory | 14.08% | 33.96% | |
| other current assets | 32.65% | -19.67% | |
| Long-term investments | 57.89% | 52.00% | |
| Property, Plant & Equipment (net) | 73.33% | 9.52% | |
| Total Assets | 57.30% | 16.24% | |
| Labilities & shareholders' Equity | |||
| Liabilities | |||
| Current liabilities | 27.86% | -13.85% | |
| Noncurrent liabilities | 226.67% | -3.85% | |
| Total Liabilities | 141.60% | -8.39% | |
| Shareholders' Equity | |||
| Common shares | 36.83% | 18.59% | |
| Retained Earnings | 32.22% | 38.46% | |
| Total shareholders. Equity | 35.17% | 25.06% | |
| Total Labilities & shareholders' Equity | 57.30% | 16.24% | |
| WATERLOO CORPORATION | |||
| Income Statements | |||
| For the Years Ending December 31, | |||
| 2015 | 2014 | ||
| Sales | $ 928,000.00 | $ 840,000.00 | |
| Less: Sales Return and allowances | $ 58,000.00 | $ 43,000.00 | |
| Net Sales | $ 870,000.00 | $ 797,000.00 | |
| Cost of Goods Sold | $ 478,000.00 | $ 465,000.00 | |
| Gross Profit | $ 392,000.00 | $ 332,000.00 | |
| Operating Expense | $ 266,000.00 | $ 256,000.00 | |
| Profits from operations | $ 126,000.00 | $ 76,000.00 | |
| Interest Expense | $ 28,500.00 | $ 10,750.00 | |
| Income Before Taxes | $ 97,500.00 | $ 65,250.00 | |
| Income Tax Expense | $ 21,250.00 | $ 16,250.00 | |
| Net Income | $ 76,250.00 | $ 49,000.00 | |
| WATERLOO CORPORATION | |||
| Horizontal analysis Income Statements | |||
| For the Years Ending December 31, | |||
| 2015 | |||
| Sales | 10.48% | ||
| Less: Sales Return and allowances | 34.88% | ||
| Net Sales | 9.16% | ||
| Cost of Goods Sold | 2.80% | ||
| Gross Profit | 18.07% | ||
| Operating Expense | 3.91% | ||
| Profits from operations | 65.79% | ||
| Interest Expense | 165.12% | ||
| Income Before Taxes | 49.43% | ||
| Income Tax Expense | 30.77% | ||
| Net Income | 55.61% |
Add Answer to:
please help
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000...
please do Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000...
please do
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...
Part 1: Ratio Analysis calculate the following ratios Part 2: Perform a vertical analysis of statement...
Part 1: Ratio Analysis calculate the following ratios
Part 2: Perform a vertical analysis of statement of financial
position & Income statement
Part 3: Perform a Horizontal Analysis of statement of
Financial Position for 2015 and 2014 & Income statement for
2015
Instructions: 1. On pages three and four, you will find condensed statement of financial position and income statement data for Waterloo Corporation. 2. Use the same information to answer all the three parts. 3. Part 1: a. In...
CONSOLIDATED BALANCE SHEETS FOR TEST CORPORATION Oct 31, 2015 Oct 31, 2014 ASSETS Current Assets Cash...
CONSOLIDATED BALANCE SHEETS FOR TEST CORPORATION Oct 31, 2015 Oct 31, 2014 ASSETS Current Assets Cash and Cash Equivalents Accounts Receivables Inventory Total Current Assets 700 150 200 100 700 1000 250 1100 600 600 Property, Plant, and Equipment Property, Plant and Equipment*** Less Cumulative Depreciation Total Property, Plant, and Equipment 200 250 350 400 Total Assets 1,450 1,400 LIABILITIES Current Liabilities Accounts Payable Other Current Liabilities Total Current Liabilities 100 200 100 200 300 500 Long-term Liabilities Loan Total...
Birtle Corporation reports the following statement of financial position information for 2014 and 2015 Birtle CORPORATION...
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...
Reformulate Carrefour’s 2015 consolidated income statement (I/S), 2014 and 2015 statements of financial positions (SFP; i.e.,...
Reformulate Carrefour’s 2015 consolidated income statement
(I/S),
2014 and 2015 statements of financial positions (SFP; i.e.,
balance sheets),
and 2015 statement of cash flows (SCF)
.
Carrefour 31 December Reported VS 2015 2014 2013 2015 2014 Year ended 31 December Continuing operations Other revenue Total revenue Cost of Sales Gross margin from recurring operations Sales, general and administrative expenses, depreciation and amort Recurring operating profit Net income from companies accounted for by the equity method Recurring operating income after net...
Lucas Corporation reported the following income statement and comparative balance sheet, along with transaction data fo...
Lucas Corporation reported the following income statement and comparative balance sheet, along with transaction data for 2015 Lucas Corporation Balance Sheet December 31, 20X1 and 2014 2015 2014 Liabilities Assets 2015 2014 Current Current: Cash and equivalents.... $19,000 3,000 Accounts payable Accrued liabilities..... $ 35,000 $ 26,000 Accounts receivable...... 22,000 23,000 7,000 10,000 9,000 Inventories.... Income tax payable.... 34,000 31,000 10,000 Prepaid expenses.. Total current assets.... 45,000 1,000 Total current liabilities 52,000 3.000 44,000 76,000 60,000 Long-term note payable... 10,000...
2015 Analysis and Interpretation of Liquidity and Solvency Refer to the financial information for Target Corporation...
2015 Analysis and Interpretation of Liquidity and Solvency Refer to the financial information for Target Corporation (TGT), presented below, to answer the following. Target Corporation Balance Sheets January 31, February 1, ($ millions) 2014 Assets Cash and cash equivalents $2,210 $670 Inventory 8,790 8,278 Other current assets 3,087 2,625 Total current assets 14,087 11,573 Property and equipment, net 25,958 26,412 Other noncurrent assets 1,359 6,568 Total assets $41,404 $44,553 Liabilities and shareholders' investment Accounts payable $7,759 $7,335 Accrued and other...
The statement of financial position data of Basha Company at the end of 2015 and 2014...
The statement of financial position data of Basha Company at the end of 2015 and 2014 follows: 2015 2014 Equipment $ 1,260,000 $1,050,000 Accumulated Depreciation- equipment (252,000) (112,000) Land 980,000 560,000 Inventory 910,000 630,000 Accounts receivable (net) 770,000 630,000 Prepaid expenses 210,000 350,000 Cash 420,000 490,000 Total Assets 4,298,000 3,598,000 Share capital-ordinary, $20 par 2,646,000 2,226,000 Retained earnings 112,000 70,000 Notes payable-bank, long-term 0 322,000 Bonds payable 420,000 0 Accounts payable 1,120,000 980,000 Total Liabilities and SE 4,298,000 3,598,000 Land...
Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current Assets 1,000.00 $1,089.00 Current Liabilities $402.00...
Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current Assets 1,000.00 $1,089.00 Current Liabilities $402.00 $451.00 Net Fixed Assets 4,144.00 $4,990.00Long-term Debt $2,190.00 $2,329.00 Income Statement 2015 12,751.00 $5,946.00 Depreciation1,136.00 Interest Paid$323.00 Sales Costs 1, What is owners' equity for 2014 and 2015? 2. What is the change in net working capital for 2015? 3, Assume that the company purchased $2,080 in new fixed assets in 2015, Assume the tax rate is 35% o How much in fixed assets...
The condensed financial statements of Jenner Corporation for 2011 are presented below. Malli Burton Malli Burton Balance Sheet Income Statement December 31, 2014 For the Year Ended December 31, 2014 A...
The condensed financial statements of Jenner Corporation for 2011 are presented below. Malli Burton Malli Burton Balance Sheet Income Statement December 31, 2014 For the Year Ended December 31, 2014 Assets Revenues $500,000 Current assets Expenses Cash and short-term Cost of goods sold 255,000 investments $ 15,000 Selling and administrative Accounts receivable 17,500 expenses 170,000 Inventories 35,000 Interest expense 12,500 Total current assets 67,500 Total expenses 437,500 Property, plant, and Income before income taxes 62,500 equipment (net) 182,500 Income tax...
please do
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...
Part 1: Ratio Analysis calculate the following ratios
Part 2: Perform a vertical analysis of statement of financial
position & Income statement
Part 3: Perform a Horizontal Analysis of statement of
Financial Position for 2015 and 2014 & Income statement for
2015
Instructions: 1. On pages three and four, you will find condensed statement of financial position and income statement data for Waterloo Corporation. 2. Use the same information to answer all the three parts. 3. Part 1: a. In...
CONSOLIDATED BALANCE SHEETS FOR TEST CORPORATION Oct 31, 2015 Oct 31, 2014 ASSETS Current Assets Cash and Cash Equivalents Accounts Receivables Inventory Total Current Assets 700 150 200 100 700 1000 250 1100 600 600 Property, Plant, and Equipment Property, Plant and Equipment*** Less Cumulative Depreciation Total Property, Plant, and Equipment 200 250 350 400 Total Assets 1,450 1,400 LIABILITIES Current Liabilities Accounts Payable Other Current Liabilities Total Current Liabilities 100 200 100 200 300 500 Long-term Liabilities Loan Total...
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...
Reformulate Carrefour’s 2015 consolidated income statement
(I/S),
2014 and 2015 statements of financial positions (SFP; i.e.,
balance sheets),
and 2015 statement of cash flows (SCF)
.
Carrefour 31 December Reported VS 2015 2014 2013 2015 2014 Year ended 31 December Continuing operations Other revenue Total revenue Cost of Sales Gross margin from recurring operations Sales, general and administrative expenses, depreciation and amort Recurring operating profit Net income from companies accounted for by the equity method Recurring operating income after net...
Lucas Corporation reported the following income statement and comparative balance sheet, along with transaction data for 2015 Lucas Corporation Balance Sheet December 31, 20X1 and 2014 2015 2014 Liabilities Assets 2015 2014 Current Current: Cash and equivalents.... $19,000 3,000 Accounts payable Accrued liabilities..... $ 35,000 $ 26,000 Accounts receivable...... 22,000 23,000 7,000 10,000 9,000 Inventories.... Income tax payable.... 34,000 31,000 10,000 Prepaid expenses.. Total current assets.... 45,000 1,000 Total current liabilities 52,000 3.000 44,000 76,000 60,000 Long-term note payable... 10,000...
2015 Analysis and Interpretation of Liquidity and Solvency Refer to the financial information for Target Corporation (TGT), presented below, to answer the following. Target Corporation Balance Sheets January 31, February 1, ($ millions) 2014 Assets Cash and cash equivalents $2,210 $670 Inventory 8,790 8,278 Other current assets 3,087 2,625 Total current assets 14,087 11,573 Property and equipment, net 25,958 26,412 Other noncurrent assets 1,359 6,568 Total assets $41,404 $44,553 Liabilities and shareholders' investment Accounts payable $7,759 $7,335 Accrued and other...
The statement of financial position data of Basha Company at the end of 2015 and 2014 follows: 2015 2014 Equipment $ 1,260,000 $1,050,000 Accumulated Depreciation- equipment (252,000) (112,000) Land 980,000 560,000 Inventory 910,000 630,000 Accounts receivable (net) 770,000 630,000 Prepaid expenses 210,000 350,000 Cash 420,000 490,000 Total Assets 4,298,000 3,598,000 Share capital-ordinary, $20 par 2,646,000 2,226,000 Retained earnings 112,000 70,000 Notes payable-bank, long-term 0 322,000 Bonds payable 420,000 0 Accounts payable 1,120,000 980,000 Total Liabilities and SE 4,298,000 3,598,000 Land...
Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current Assets 1,000.00 $1,089.00 Current Liabilities $402.00 $451.00 Net Fixed Assets 4,144.00 $4,990.00Long-term Debt $2,190.00 $2,329.00 Income Statement 2015 12,751.00 $5,946.00 Depreciation1,136.00 Interest Paid$323.00 Sales Costs 1, What is owners' equity for 2014 and 2015? 2. What is the change in net working capital for 2015? 3, Assume that the company purchased $2,080 in new fixed assets in 2015, Assume the tax rate is 35% o How much in fixed assets...
Most questions answered within 3 hours.
-
Please explain steps:
An 80 kg swimmer steps off a platform 10 m above the water...
asked 31 minutes ago -
A lottery exists where balls numbered 1 to 17 are placed in an
urn. To win,...
asked 34 minutes ago -
26) Briefly describe, using words or simple diagrams, the
chemiosmotic theory for coupling oxidation to phosphorylation...
asked 2 hours ago -
Suppose that XX is a random variable with mean 16 and standard
deviation 5 . Also...
asked 3 hours ago -
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 6 hours ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 6 hours ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 7 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 8 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 9 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 9 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 10 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 10 hours ago