1. Prepare a ver w ysis of the balance sheet data for 2019 and 2018 Express each amount as a percentage of local assets Amounts to be deduct answers to I decimal place) hould be indicated by a minus Hound your $ 1.000.000 and Social Euty
2. Prepare a ozontal analysis for 2019 using 2018 aste base yow (Decreases should be indicated by a minus sign Hound your percentage de la FEDERER SPORTS APPAREL Balance sheet December 31 2019 2018 Increase (Decrease) Amount Accounts receivable Inventory Buildings Less Accumulated depreciation Tocal assets Liabetes and Stockholders' Equity Accounts payable Contingent liability $ 2.220,000 1.530.000 3,675,000 9.525.000 01.950,000) $15.000.000 $ 1.000.000 1.200.000 1,750,000 9.525.000 ( 975.000 $ 12,500,000 $ 1,200,000 $ 1,500,000 990,000 6,900,000 5,610,000 $ 15,000,000 Retained earnings Total liabilities and stockholders' equity 4400.000 $12.500.000
Balance sheet | |||||
2019 | 2018 | ||||
amount | % | amount | % | ||
assets | |||||
cash | 2220000 | 14.8% | 1000000 | 8.0% | |
accounts receivable | 1530000 | 10.2% | 1200000 | 9.6% | |
inventory | 3675000 | 24.5% | 1750000 | 14.0% | |
building | 9525000 | 63.5% | 9525000 | 76.2% | |
less: accumulated depreciation | -1950000 | -13.0% | -975000 | -7.8% | |
total assets | 15000000 | 100.0% | 12500000 | 100.0% | |
liabilities & stockholder equity | |||||
accounts payable | 1500000 | 10.0% | 1200000 | 9.6% | |
contingent liabilty | 990000 | 6.6% | 0 | 0.0% | |
common stock | 6900000 | 46.0% | 6900000 | 55.2% | |
retained earnings | 5610000 | 37.4% | 4400000 | 35.2% | |
total liabilities & stockholder equity | 15000000 | 100.0% | 12500000 | 100.0% | |
Balance sheet | |||||
years | increase (dcrease) | ||||
assets | 2019 | 2018 | amount | % | |
cash | 2220000 | 1000000 | 1220000 | 122.0% | |
accounts receivable | 1530000 | 1200000 | 330000 | 27.5% | |
inventory | 3675000 | 1750000 | 1925000 | 110.0% | |
building | 9525000 | 9525000 | 0 | 0.0% | |
less: accumulated depreciation | -1950000 | -975000 | -975000 | 100.0% | |
total assets | 15000000 | 12500000 | 2500000 | 20.0% | |
liabilities & stockholder equity | |||||
accounts payable | 1500000 | 1200000 | 300000 | 25.0% | |
contingent liabilty | 990000 | 0 | 990000 | 0.0% | |
common stock | 6900000 | 6900000 | 0 | 0.0% | |
retained earnings | 5610000 | 4400000 | 1210000 | 27.5% | |
total liabilities & stockholder equity | 15000000 | 12500000 | 2500000 | 20.0% |
Required information [The following information applies to the questions displayed below.] The balance sheets for Federer Sports Apparel for 2022 and 2021 are presented below. 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Balance Sheet December 31 Year 2022 2021 Increase...
The income statements for Federer Sports Apparel for 2019 and 2018 are presented below. Required: Prepare a horizontal analysis for 2019 using 2018 as the base year. (Decreases should be indicated with a minus sign. Round your percentage answers to 1 decimal place.) FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 Increase (Decrease) Year 2019 2018 Amount 18,300,000 15,000,000 S 3,300,000 6,690,600 (3,390,600) Net sales 22.0 13,395,600 6,705,000 Cost of goods sold Gross profit 4,904,400 8,295,000 384,000...
Exercise 12-4 Part 1 Required 1. Prepare a vertical analysis of the balance sheet data for 2019 and 2018. Express each amount as a percentage of total assets. FEDERER SPORTS APPAREL Balance Sheet December 31 2019 2018 Amount l % -1-Amount | % Assets Cash S 600,000 1,712,500 1,175,000 2,862,500 8,250,000 780,000 Accounts receivable inventory Buildings Less: Accumulated depreciation (1,500,000) 1.120,000 (750,000 10,000,000 Total assets Liabilities and Stockholders Equity Accounts payable Contingent liability 12,500,000 1,237.500 1,200,000 5,100,000 4,962,500 1,300,000 Common...