2014 2015
Sales = $11573 $12936
Depreciation = 1661 1736
Cost of goods sold = 3979 4707
Other expenses = 946 824
Interest = 776 926
Cash = 6067 6466
Accounts receivable = 8034 9427
Short-term = 1171 1147
notes payable =
Long-term debt = 20320 24696
Net fixed assets = 50888 54273
Accounts payable = 4384 4644
Inventory = 14283 15288
Dividend = 1411 1618
Draw up an statement of comprehensive income and statement of financial position for Clarington Inc. for 2014 and 2015.
Statement of Comprehensive Income | |||||
Particulars | 2014 | 2015 | Particulars | 2014 | 2015 |
Cost of Goods Sold | 3979 | 4707 | Sales | 11573 | 12936 |
Gross Profit | 7594 | 8229 | |||
11573 | 12936 | 11573 | 12936 | ||
Depreciation | 1661 | 1736 | Gross Profit | 7594 | 8229 |
Other expenses | 946 | 824 | |||
Interest | 776 | 926 | |||
Net Profit | 4211 | 4743 | |||
7594 | 8229 | 7594 | 8229 |
Statement of Financial Position | |||||
Liabilities | 2014 | 2015 | Assets | 2014 | 2015 |
Capital(balancing figure) | 51986 | 53349 | Net Fixed Assets | 50888 | 54273 |
Long Term Debt | 20320 | 24696 | Inventory | 14283 | 15288 |
Short Term Notes Payable | 1171 | 1147 | Accounts Receivable | 8034 | 9427 |
Accounts Payable | 4384 | 4644 | Cash | 6067 | 6466 |
Dividend | 1411 | 1618 | |||
79272 | 85454 | 79272 | 85454 |
Note: As there are no investments, Interest is assumed as expense and dividends are assumed as payable.
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please draw up an statement of comprehensive income and
statement of financial position for this company for 2014 and
2015.
Use the following information for Clarington Inc. for Problems 24 and 25 (assume the tax rate is 34 percent): 2014 2015 $11,573 $12,936 1,661 1,736 3,979 4,707 946 824 776 926 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 6,067 6,466 8,034 9427 1,171...
Use the following information for Clarington Inc., (assume the tax rate is 34 percent): 2014 2015 Sales $ 11,573 $ 12,936 Depreciation 1,661 1,736 Cost of goods sold 3,979 4,707 Other expenses 946 824 Interest 776 926 Cash 6,067 6,466 Accounts receivable 8,034 9,427 Short-term notes payable 1,171 1,147 Long-term debt 20,320 24,696 Net fixed assets 50,888 54,273 Accounts payable 4,384 4,644 Inventory 14,283 15,288 Dividends 1,411 1,618 For 2015, calculate the cash flow from assets, cash flow to...
1. Calculate Account rececivable turnover for both 2014 and
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2. Calculate Account payable turnover for both 2014 and 2015
using this formula
Cost of Goods Sold/Accounts Payable
3. calculate Return of Equity for both 2014 and 2015 using
this formula
Net Income/Common Equity
2017. Review the following financial data, and then answer the questions below. Company X Income Statement FYE 2014 and 2015 Period Ending 31-Jan-15 Total Sales $ 485,651,000 Cost of Goods 365,086.000...
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Question 6 2015 2014 Revenues Assets Current Assets Sales Points out of 1.00 Flag question Cash Accounts Receivable Credit Card Receivable Marketable Securities Notes Receivable Inventory Prepaid Expenses Total Current Assets $25,000 $5,000 $7,000 $20,000 $30,000 $32,000 $40,000 $159,000 $23,000 $4,500 $6,000 $18,000 $25,000 $27,000 $36,000 $139,500 Cash Sales A/R Sales Credit Card Sales Total Sales Cost of Sales Gross Proli $145,000 $51.000 $76,000 $272,000 $73,440 5198,560 Direct Operating Expenses Payroll Expenses Other Expenses Total Departmental Expenses $27,200 $24.480 $51,680...
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Income Statement
2014
2015
2016
2017
Sales/Revenue
55.87B
55.36B
59.39B
62.76B
Cost of Goods Sold (COGS) incl. D&A
20.52B
20.65B
23.43B
23.8B
COGS excluding D&A
11.97B
11.94B
15.64B
15.68B
Depreciation & Amortization Expense
8.55B
8.71B
7.79B
8.13B
Depreciation
7.38B
7.82B
6.27B
6.75B
Amortization of Intangibles
1.17B
890M
1.52B
1.38B
Gross Income
35.35B
34.7B
35.96B
38.96B
2014
2015
2016
2017
SG&A Expense
19.69B
19.84B
21.15B
20.62B
Research & Development
11.56B
11.95B
12.75B
13.14B
Other SG&A
8.14B
7.88B
8.4B
7.48B
Other Operating...