Exercise 18-03 (Video)
Here is financial information for Glitter Inc.
December 31, 2020 |
December 31, 2019 |
|||
Current assets | $124,200 | $100,000 | ||
Plant assets (net) | 394,630 | 335,000 | ||
Current liabilities | 88,416 | 72,000 | ||
Long-term liabilities | 131,924 | 86,000 | ||
Common stock, $1 par | 165,945 | 115,000 | ||
Retained earnings | 132,545 | 162,000 |
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages to 1
decimal place, e.g. 12.3%.)
GLITTER INC. |
||||||||||
Increase or (Decrease) |
||||||||||
2020 |
2019 |
Amount |
Percentage |
|||||||
Assets |
||||||||||
Current assets |
$124,200 |
$100,000 |
$ | % | ||||||
Plant assets (net) |
394,630 | 335,000 | % | |||||||
Total assets |
$518,830 | $435,000 | $ | % | ||||||
Liabilities |
||||||||||
Current liabilities |
$88,416 |
$72,000 |
$ | % | ||||||
Long-term liabilities |
131,924 | 86,000 | % | |||||||
Total liabilities |
220,340 | 158,000 | % | |||||||
Stockholders' Equity |
||||||||||
Common stock, $1 par |
165,945 |
115,000 |
% | |||||||
Retained earnings |
132,545 | 162,000 | % | |||||||
Total stockholders' equity |
298,490 | 277,000 | % | |||||||
Total liabilities and stockholders' equity |
$518,830 | $435,000 | $ | % |
Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019...
Exercise 14-3 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $123,000 395,300 89,279 130,592 166,959 131,470 $100,000 335,000 73,000 88,000 117,000 157,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round...
Exercise 18-03 (Video) Here financial information for Glitter Inc. December 31, 2019 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 $124,400 394,788 87,780 137,772 166,362 127,274 $100,000 334,000 70,000 86,000 119,000 159,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages...
Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$123,400
$100,000
Plant assets (net)
394,350
330,000
Current liabilities
86,328
72,000
Long-term liabilities
133,280
85,000
Common stock, $1 par
166,440
120,000
Retained earnings
131,702
153,000
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
*Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 Current assets $123,000 Plant assets (net) 394,471 Current liabilities 87,472 Long-term liabilities 137,192 Common stock, $1 par 166,833 Retained earnings 125,974 December 31, 2019 $100,000 329,000 71,000 88,000 111,000 159,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.. (45), (4596). Round...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 $100,000 $122,600 394,350 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock. $1 par Retained earnings 85,968 133.902 330,000 72.000 86,000 110.000 162.000 166,210 130.870 Prepare a schedule showing a horizontal analysis for 2020. using 2019 as the base year. decimal place. eg 12.3%) GLITTER INC. Condensed Balance Sheets December 31 2020 2019 Amount Assets Current assets Plant assets (net) $122.600 $100.000 394550330 000 $18.950...
Question 1
Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$124,600
$100,000
Plant assets (net)
395,010
330,000
Current liabilities
88,111
73,000
Long-term liabilities
135,198
87,000
Common stock, $1 par
166,838
119,000
Retained earnings
129,463
151,000
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122,400 $100,000 Plant assets (net) 394,362 327,000 Current liabilities 86,325 75,000 Long-term liabilities 133,672 88,000 Common stock, $1 par 166,374 117,000 Retained earnings 130,391 147,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
TeSLIUIT Policies ent Attempt in Progress ere is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122.600 $100,000 330,000 394.350 72.000 Plant assets (net) Current liabilities Long-term liabilities Common stock. $1 par 85.968 133.902 166 210 130 870 86.000 110.000 162.000 Retained earnings Prepare a schedule showing a horizontalanalysis for 2020. using 2019 as the decimal place. e.g. 12.3%.] GLITTER INC. Condensed Balance Sh December 31 2020 2019 Assets MIT N decimal places, s. 12.3%)...
Glitter Inc Balance sheet
NEIT. Here is financial information for Glitter Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 $124,400 394,788 87,780 137,772 166,362 127.274 December 31, 2019 $100,000 334,000 70,000 85.000 119,000 159,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45),...
December 31, 2020 December 31, 2019 Current assets $123,400 $100,000 Plant assets (net) 394,883 331,000 Current liabilities 88,726 74,000 Long-term liabilities 129,860 86,000 Common stock, $1 par 166,838 119,000 Retained earnings 132,859 152,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GLITTER INC. Condensed...