Question

problem 3-1

please answer inside the chart.

Draw + Design Layout References View Mailings Review Help Awigancats 160 44 6 50 145 20 165 192 Comprehensive Problems Neto e Chapter 3 Honorkadets below to solve problems 3/ how 3.3. Extreme Edge, Inc Income Sun For the Years Hinded December 31, 2013, 2012 and 2011 (5 in thousands) Accounts payable Accueities Total current liabilities Long-term has Notes payable Total Liabilities 100 350 100 265 100 40 50 410 2011 2013 51.340 $1.000 100 Sales revenue Less Cost of goods sold Grosse 2012 $1,200 660 540 Shareholders' Equity Common stock, 51 per Additional paid capital con stock Teul contributed capital Retained caming Total Shareholders' Iquity Total abilities and Shareholders' Equity 50 430 180 73 553 403 655 400 528 293 418 710 Operating expenses Depreciation experte Amortation expense Other operating experies 200 5 120 5 345 100 5 255 360 Problem 3-L. Required Refer to the Chapter 3 Homework Sphers above. Compute the 2013 vertical comce-sire financial statements for Extreme Edge 70 10 60 Income from operations Incest financing) expense Pretax income Income tax expene (404) Net income Tamil per share 32 50 20 40 10 30 12 Extreme Edge, Inc Vertical Common Sire Income Statements For the Years Ended December 31, 2013, 2012 and 2011 SU $0.72 $0.00 5045 2013 2011 Sales Less: Cost of goods sold Gross profit 1000 5504 45.0 40.0 Extreme Edge, Inc Balance Sheets December 31, 2013 2012 and 2011 (5 is the 100% 045 10.09 0.5 2013 2011 65 Accounts receivable, nel Operating expenses Depreciation experie Ameetiration expense Other operating expenses Income from patiens Interest(financing) expense Pretax income Income tax (40%) Net income 90 SO 228 398 10 90 170 290 295 513 09 50% 3.0% 800 3.09 1.87 600 220 350 500 L00) 400 180 Total current Property, Phot and Equipment Equipment (al.com Les colated depreciation Equipment, net of accurated deprecios Intangible A Customer database foto) Les accumulated artition Customer database, not of accumulated Total Auto 25 25 (15) 10 25 (10) 15 793 20 710 15 Display Settings. Focus re to search O BI

Answer 1

D A B с Extreme Edge Inc. Vertical Common Size Income statement For the year ended December 31, 2013 Sales Revenue Less: Cost of goods Sold Gross Profit 100% 51% 49% 15% 0.4% 27% Operating Expenses . Depriciation expenses Amortisation Expenses 1 Other Operating Expenses 2 3 Income From Operations 4 Interest (Financing) Expenses 5 Pretax Income 5 Income tax Expenses (40%) 7 Net Income 6% 2% 4% 1% 2% 3

F F H 1 J 7% 17% 33% 57% G Extreme Edge, Inc. Vertical common size balance sheet December 31, 2013 Assets Cash Accounts Receivable Inventory Total current Assets Property Plant And Equipment Equipment At Cost less: Accumulated Depriciation Equipment, net of Accumulated Depriciation Intangible Assets: Customer Database (at cost) less: Accumulated Amortization Customer Database, Net of Accumulated depriciation Total Assets 89% -44% 42% 3% -2% 1% 100%

F G I J Liabilities Accounts Payble Accrued Liabilities Total Current Liabilities Long-Term Liabilities Notes Payble Total Liabilities 5% 1% 6% 33% 39% Shareholder's Fund Common Stock $1 per Additional Paid-Up Capital on Common Stock Total Contributed Capital Retained Earnings Total Shareholder's Equity Total Liabilities And Shareholder's Equity 6% 48% 53% 8% 61% 100%

Values are rounded off*