Homework Answers
Add Answer to:
question 1 Comparative data from the statement of financial position of Acoustart Ltd. are shown below....
Comparative data from the statement of financial position of Benton Ltd. are shown below. 2018 2017...
Comparative data from the statement of financial position of
Benton Ltd. are shown below.
2018
2017
2016
Current assets
$1,524,000
$1,182,000
$1,218,000
Property, plant, and
equipment
3,155,000
2,786,000
2,843,000
Goodwill
83,000
93,000
-0-
Total
assets
$4,762,000
$4,061,000
$4,061,000
Using horizontal analysis, calculate the percentage of the
base-year amount, using 2016 as the base year. (Round
answers to 1 decimal place, e.g. 52.7%.)
2018
2017
2016
Current assets
%
%
%
Property, plant, and
equipment
%
%
%
Total assets
%...
Brief Exercise 14-1 Selected data from the comparative statements of financial position of Kennel Ltd. are shown below:...
Brief Exercise 14-1 Selected data from the comparative statements of financial position of Kennel Ltd. are shown below: 2016 $75,000 445,000 Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets Total assets 2018 $152,000 601,000 784,000 3,154,000 89,000 $4,780,000 2017 $174,000 398,000 600,000 2,791,000 99,000 $4,062,000 701,000 2,832,000 $4,053,000 Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) 2018 2017 2016 Cash Accounts receivable...
Brief Exercise 14-1 Selected data from the comparative statements of financial position of Steering Ltd. are...
Brief Exercise 14-1 Selected data from the comparative statements of financial position of Steering Ltd. are shown below: Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets 2018 $149,000 596,000 780,000 3,146,000 90,000 $4,761,000 2017 $176,000 402,000 594,000 2,827,000 100,000 $4,099,000 2016 $76,000 453,000 696,000 2,829,000 Total assets $4,054,000 Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) 2018 2017 2016 Cash Accounts receivable...
Condensed statement of financial position and income statement data for Elkhardt Ltd. are shown below: ELKHARDT...
Condensed statement of financial position and income statement
data for Elkhardt Ltd. are shown below:
ELKHARDT
LTD.
Statement of Financial Position
December 31
(in thousands)
2018
2017
2016
Assets
Current assets
Cash
$29
$79
$199
Accounts receivable
898
706
502
Inventory
1,198
798
498
Total current assets
2,125
1,583
1,199
Property, plant, and equipment (net)
4,124
3,777
3,168
Total assets
$6,249
$5,360
$4,367
Liabilities and
Shareholders’ Equity
Liabilities
Current
liabilities
$600
$547
$502
Non-current
liabilities
3,044
2,307
1,505
Total liabilities...
Condensed statement of financial position and income statement data for Elkhardt Ltd. are shown below: ELKHARDT...
Condensed statement of financial position and income statement
data for Elkhardt Ltd. are shown below:
ELKHARDT
LTD.
Statement of Financial Position
December 31
(in thousands)
2018
2017
2016
Assets
Current assets
Cash
$29
$79
$199
Accounts receivable
898
706
502
Inventory
1,198
798
498
Total current assets
2,125
1,583
1,199
Property, plant, and equipment (net)
4,124
3,777
3,168
Total assets
$6,249
$5,360
$4,367
Liabilities and
Shareholders’ Equity
Liabilities
Current
liabilities
$600
$547
$502
Non-current
liabilities
3,044
2,307
1,505
Total liabilities...
Condensed statement of financial position and income statement data for Elkhardt Ltd. are shown below: ELKHARDT...
Condensed statement of financial position and income statement
data for Elkhardt Ltd. are shown below:
ELKHARDT
LTD.
Statement of Financial Position
December 31
(in thousands)
2018
2017
2016
Assets
Current assets
Cash
$29
$79
$199
Accounts receivable
898
706
502
Inventory
1,198
798
498
Total current assets
2,125
1,583
1,199
Property, plant, and equipment (net)
4,124
3,777
3,168
Total assets
$6,249
$5,360
$4,367
Liabilities and
Shareholders’ Equity
Liabilities
Current
liabilities
$600
$547
$502
Non-current
liabilities
3,044
2,307
1,505
Total liabilities...
Suppose the comparative balance sheets of Tamarisk, Inc. are presented here. TAMARISK, INC. Condensed Balance Sheet...
Suppose the comparative balance sheets of Tamarisk, Inc. are presented here. TAMARISK, INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets $9,600 $8,830 Property, plant, and equipment (net) 2,000 1,900 Other assets 1,500 1,700 Total assets $13,100 $12,430 Liabilities and Stockholders' Equity Current Liabilities $3,240 $3,320 Long-term liabilities 1,200 1,340 Stockholders’ equity 8,660 7,770 Total liabilities and stockholders' equity $13,100 $12,430 (a) Prepare a horizontal analysis of the balance sheet data for Tamarisk, using 2016...
please do part a and b please Question 1 The comparative condensed balance sheets of Gurley...
please do part a and b please
Question 1 The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Assets Current assets $ 73,500 $ 78,600 Property, plant, and equipment (net) 97,600 92,000 Intangibles 28,800 40,200 Total assets $199,900 $210,800 Liabilities and stockholders' equity Current liabilities $ 40,400 $ 48,200 Long-term liabilities 141,000 150,600 Stockholders' equity 18,500 12,000 Total liabilities and stockholders' equity $199,900 $210,800 Study (a) Prepare a...
Exercise 13-3 Here is financial information for Sage Hill Inc. December 31, 2017 December 31, 2016...
Exercise 13-3 Here is financial information for Sage Hill Inc. December 31, 2017 December 31, 2016 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $109,300 403,800 102,800 125,300 133,300 151,700 $ 93,800 353,300 68,300 93,800 118,300 166,700 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to...
Condensed statement of financial position and income statement data for Sipacore Ltd. are shown below: SIPACORE...
Condensed statement of financial position and income statement
data for Sipacore Ltd. are shown below:
SIPACORE
LTD.
Statement of Financial Position
December 31
(in thousands)
2018
2017
2016
Assets
Current assets
Cash
$29
$79
$199
Accounts receivable
898
706
502
Inventory
1,198
798
498
Total current assets
2,125
1,583
1,199
Property, plant, and equipment (net)
4,124
3,777
3,168
Total assets
$6,249
$5,360
$4,367
Liabilities and
Shareholders’ Equity
Liabilities
Current
liabilities
$600
$547
$502
Non-current
liabilities
3,044
2,307
1,505
Total liabilities...
Comparative data from the statement of financial position of
Benton Ltd. are shown below.
2018
2017
2016
Current assets
$1,524,000
$1,182,000
$1,218,000
Property, plant, and
equipment
3,155,000
2,786,000
2,843,000
Goodwill
83,000
93,000
-0-
Total
assets
$4,762,000
$4,061,000
$4,061,000
Using horizontal analysis, calculate the percentage of the
base-year amount, using 2016 as the base year. (Round
answers to 1 decimal place, e.g. 52.7%.)
2018
2017
2016
Current assets
%
%
%
Property, plant, and
equipment
%
%
%
Total assets
%...
Brief Exercise 14-1 Selected data from the comparative statements of financial position of Kennel Ltd. are shown below: 2016 $75,000 445,000 Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets Total assets 2018 $152,000 601,000 784,000 3,154,000 89,000 $4,780,000 2017 $174,000 398,000 600,000 2,791,000 99,000 $4,062,000 701,000 2,832,000 $4,053,000 Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) 2018 2017 2016 Cash Accounts receivable...
Brief Exercise 14-1 Selected data from the comparative statements of financial position of Steering Ltd. are shown below: Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets 2018 $149,000 596,000 780,000 3,146,000 90,000 $4,761,000 2017 $176,000 402,000 594,000 2,827,000 100,000 $4,099,000 2016 $76,000 453,000 696,000 2,829,000 Total assets $4,054,000 Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) 2018 2017 2016 Cash Accounts receivable...
Condensed statement of financial position and income statement
data for Elkhardt Ltd. are shown below:
ELKHARDT
LTD.
Statement of Financial Position
December 31
(in thousands)
2018
2017
2016
Assets
Current assets
Cash
$29
$79
$199
Accounts receivable
898
706
502
Inventory
1,198
798
498
Total current assets
2,125
1,583
1,199
Property, plant, and equipment (net)
4,124
3,777
3,168
Total assets
$6,249
$5,360
$4,367
Liabilities and
Shareholders’ Equity
Liabilities
Current
liabilities
$600
$547
$502
Non-current
liabilities
3,044
2,307
1,505
Total liabilities...
Condensed statement of financial position and income statement
data for Elkhardt Ltd. are shown below:
ELKHARDT
LTD.
Statement of Financial Position
December 31
(in thousands)
2018
2017
2016
Assets
Current assets
Cash
$29
$79
$199
Accounts receivable
898
706
502
Inventory
1,198
798
498
Total current assets
2,125
1,583
1,199
Property, plant, and equipment (net)
4,124
3,777
3,168
Total assets
$6,249
$5,360
$4,367
Liabilities and
Shareholders’ Equity
Liabilities
Current
liabilities
$600
$547
$502
Non-current
liabilities
3,044
2,307
1,505
Total liabilities...
Condensed statement of financial position and income statement
data for Elkhardt Ltd. are shown below:
ELKHARDT
LTD.
Statement of Financial Position
December 31
(in thousands)
2018
2017
2016
Assets
Current assets
Cash
$29
$79
$199
Accounts receivable
898
706
502
Inventory
1,198
798
498
Total current assets
2,125
1,583
1,199
Property, plant, and equipment (net)
4,124
3,777
3,168
Total assets
$6,249
$5,360
$4,367
Liabilities and
Shareholders’ Equity
Liabilities
Current
liabilities
$600
$547
$502
Non-current
liabilities
3,044
2,307
1,505
Total liabilities...
please do part a and b please
Question 1 The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Assets Current assets $ 73,500 $ 78,600 Property, plant, and equipment (net) 97,600 92,000 Intangibles 28,800 40,200 Total assets $199,900 $210,800 Liabilities and stockholders' equity Current liabilities $ 40,400 $ 48,200 Long-term liabilities 141,000 150,600 Stockholders' equity 18,500 12,000 Total liabilities and stockholders' equity $199,900 $210,800 Study (a) Prepare a...
Exercise 13-3 Here is financial information for Sage Hill Inc. December 31, 2017 December 31, 2016 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $109,300 403,800 102,800 125,300 133,300 151,700 $ 93,800 353,300 68,300 93,800 118,300 166,700 Prepare a schedule showing a horizontal analysis for 2017, using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to...
Condensed statement of financial position and income statement
data for Sipacore Ltd. are shown below:
SIPACORE
LTD.
Statement of Financial Position
December 31
(in thousands)
2018
2017
2016
Assets
Current assets
Cash
$29
$79
$199
Accounts receivable
898
706
502
Inventory
1,198
798
498
Total current assets
2,125
1,583
1,199
Property, plant, and equipment (net)
4,124
3,777
3,168
Total assets
$6,249
$5,360
$4,367
Liabilities and
Shareholders’ Equity
Liabilities
Current
liabilities
$600
$547
$502
Non-current
liabilities
3,044
2,307
1,505
Total liabilities...
Most questions answered within 3 hours.
-
Adria Lopez, owner of Success Systems, decides to prepare a
statement of cash flows for her...
asked 13 minutes ago -
The reach and involvement of the federal government, in terms of
its role in disaster relief,...
asked 16 minutes ago -
Problem: The equilibrium constant, Keq, is 5 x 10^-11 m HCO3
<-----------> H^+ + CO3^-2 Calculate...
asked 23 minutes ago -
Explain how blackbody radiation led to the idea of "quanta."
Will rate answer!
asked 29 minutes ago -
Two noble gases (Ne and He) are injected into the chambers of an
insulated container. Each...
asked 24 minutes ago -
Suppose you purchase a zero coupon bond with a face value of
$1,000, maturing in 18...
asked 28 minutes ago -
Do you believe that the $785,000 amount at the center of the
Overstock-Grant Thornton dispute was...
asked 29 minutes ago -
Find and , the mean and standard deviation of the
sampling distribution of :
μ = 25,...
asked 53 minutes ago -
According to the manufacturer of a certain candy, 9% of the
candy produced are red. If...
asked 1 hour ago -
A Eucher Deck consists of 24 cards. In a four- player game, each
player is dealt...
asked 1 hour ago -
This is a challenging question.
The titration of an impure sample of KHP found that 36.00...
asked 1 hour ago -
1. Starting from rest, an automatic subway train is controlled
by a computer
that causes it’s...
asked 53 minutes ago