Homework Answers
Answer:
| Year 1 (Base Year) | Year 2 (Current Year) | (Current Year-Base Year) / Base Year | |
| Cash | 202.95 | 245.90 | 21.16% Increase |
| Accounts Receivable | 398.02 | 485.34 | 21.94% Increase |
| Inventory | 785.12 | 648.54 | 17.40% Decrease |
| Total | 1,386.09 | 1,379.78 | 0.46% Decrease |
Over all Percent change Increase / Decrease = (Current year amount – Base year amount) ÷ Base year amount
= ( 1,379.78 - 1,386.09 ) / 1,386.09
= 0.46 % Decrease
Add Answer to:
American Corporation has the following financial information. Cash A/R Inventory Year 1 $202.95 398.02 785.12 Year...
XYZ Corporation has the following financial information for the previous year:
XYZ Corporation has the following financial information for the previous year: Sales: $8M, Profit Margin (PM)-8%, Current Asset (CA) = $2M, Fixed Asset (FA) = $6M, NWC-SIM, LTD = $3M Compute the ROE using the DuPont Analysis.
Required information [The following information applies to the questions displayed belowj At the beginning of Year...
Required information [The following information applies to the questions displayed belowj At the beginning of Year 2, the Redd Company had the following balances in its accounts: Cash Inventory Land Common stock Retained earnings $ 6,900 15,000 7,000 15,000 13,900 During Year 2, the company experienced the following events 1. Purchased inventory that cost $5,200 on account from Ross Company under terms 1/10, n/30. The merchandise was delivered FOB shipping point. Freight costs of $190 were paid in cash. 2....
Required information The following information applies to the questions displayed below.] The comparative financial statements for...
Required information The following information applies to the questions displayed below.] The comparative financial statements for Prince Company are below: Year 2 Year 1 $191,500 112,400 79,100 57,700 21,400 6,420 $ 14,980 $167,300 102,000 65,300 54,700 10,600 3,180 $ 7,420 Income statement: Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet: Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities...
Avalos Corporation is preparing its annual financial statements at December 31 of the current year. Listed...
Avalos Corporation is preparing its annual financial statements at December 31 of the current year. Listed here are the items on its statement of cash flows presented in alphabetical order. Parentheses indicate that a listed amount should be subtracted on the cash flow statement. The beginning balance in cash was $31,000 and the ending balance was $69,800. Cash borrowed on three-year note Decrease in accounts payable Decrease in inventory Increase in accounts receivable Land purchased Net income New delivery truck...
The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts...
The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $94,248 $79,200 Long-term debt 46,324 62,600 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Amount of Change Increase/Decrease Percentage Accounts payable $ % Long-term debt $ %
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $70,434 $55,900 Accounts receivable (net) 54,054 70,200 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash A Accounts Receivable A increase,decrease
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $45,141 $36,700 Accounts receivable (net) 42,180 55,500 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash Accounts Receivable increase,decrease
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Prior Year $37,400...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Prior Year $37,400 45,800 Current Year $49,368 Cash Accounts receivable (net) Based on this information, what is the amount and percentage of increase or decrease that would be shown with decrease using a minus sign before the amount and the percentage. Account Cash Accounts Receivable increase,decrease 25,648 horizontal analysis? Enter a Dollar Change Percent Change
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $39,370 $31,000 Accounts receivable (net) 40,610 65,500 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash $ % Accounts Receivable $ % increase,decrease
6) Computation of operating cash flows The financial statements of Packard Corporation provide the following information...
6) Computation of operating cash flows The financial statements of Packard Corporation provide the following information for the current year: End of Beginning of Year Year $106,000 $105,000 $31,000 $74,000 Accounts receivable $98,000 Inventory Prepaid expenses Accounts payable (for merchandise) Accrued liabilities $120,000 $29,000 $70,000 $30,000 $28,000 Net sales $848,000 Cost of goods sold Expenses (including depreciation of $43,000) $318,000 $258,000 Using this information, compute for the current year: (show your work for partial credit) $ Cash received from customers...
Required information [The following information applies to the questions displayed belowj At the beginning of Year 2, the Redd Company had the following balances in its accounts: Cash Inventory Land Common stock Retained earnings $ 6,900 15,000 7,000 15,000 13,900 During Year 2, the company experienced the following events 1. Purchased inventory that cost $5,200 on account from Ross Company under terms 1/10, n/30. The merchandise was delivered FOB shipping point. Freight costs of $190 were paid in cash. 2....
Required information The following information applies to the questions displayed below.] The comparative financial statements for Prince Company are below: Year 2 Year 1 $191,500 112,400 79,100 57,700 21,400 6,420 $ 14,980 $167,300 102,000 65,300 54,700 10,600 3,180 $ 7,420 Income statement: Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet: Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities...
Avalos Corporation is preparing its annual financial statements at December 31 of the current year. Listed here are the items on its statement of cash flows presented in alphabetical order. Parentheses indicate that a listed amount should be subtracted on the cash flow statement. The beginning balance in cash was $31,000 and the ending balance was $69,800. Cash borrowed on three-year note Decrease in accounts payable Decrease in inventory Increase in accounts receivable Land purchased Net income New delivery truck...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $70,434 $55,900 Accounts receivable (net) 54,054 70,200 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash A Accounts Receivable A increase,decrease
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $45,141 $36,700 Accounts receivable (net) 42,180 55,500 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash Accounts Receivable increase,decrease
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Prior Year $37,400 45,800 Current Year $49,368 Cash Accounts receivable (net) Based on this information, what is the amount and percentage of increase or decrease that would be shown with decrease using a minus sign before the amount and the percentage. Account Cash Accounts Receivable increase,decrease 25,648 horizontal analysis? Enter a Dollar Change Percent Change
6) Computation of operating cash flows The financial statements of Packard Corporation provide the following information for the current year: End of Beginning of Year Year $106,000 $105,000 $31,000 $74,000 Accounts receivable $98,000 Inventory Prepaid expenses Accounts payable (for merchandise) Accrued liabilities $120,000 $29,000 $70,000 $30,000 $28,000 Net sales $848,000 Cost of goods sold Expenses (including depreciation of $43,000) $318,000 $258,000 Using this information, compute for the current year: (show your work for partial credit) $ Cash received from customers...
Most questions answered within 3 hours.
-
Your division head has assigned another important project to you
and your team. This project is...
asked 50 seconds ago -
Under normal use conditions, the Mean Time To Failure of a
heating coil can be modeled...
asked 1 hour ago -
Consider the probability that fewer than 34 out of 116 CDs will
be defective. Assume the...
asked 16 minutes ago -
4J Manufacturing Company uses a job order cost accounting system
and keeps perpetual inventory records. Prepare...
asked 5 minutes ago -
Please write code in C++
using recursive function
Write a program that computes the sequence of...
asked 3 minutes ago -
What is 345 as an unsigned decimal number? It is 34
with subscript of 5. Not...
asked 19 minutes ago -
I've been struggling with these homework questions. Any help
would be greatly appreciated
1. For the...
asked 17 minutes ago -
Read the In-Depth Integrative Case 1.2 (Pharmaceutical
Companies, Intellectual Property, and the Global AIDS Epidemic) in...
asked 17 minutes ago -
Consider a mass-spring system. The spring has a spring constant
of 2.27e+3 N/m. On the end...
asked 22 minutes ago -
People are most likely to believe their ancestors play an active
role in their lives in...
asked 1 hour ago -
A student holds a ruler by one end (x=0 where the student holds
it). The student...
asked 1 hour ago -
A 3.1-kΩ and a 2.2-kΩ resistor are connected in parallel; this
combination is connected in series...
asked 27 minutes ago