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resented below are the financial statements of Bramble Company Bramble Company Comparative Balance Sheets December 31...
calculate ROI for 2017 resented here are the comparative balance sheets of Hames, Inc., at December...
calculate ROI for 2017
resented here are the comparative balance sheets of Hames, Inc., at December 31, 2017 and 2016. Sales fo HAMES, INC., Balance Sheets December 31, 2017 and 2016 2017 2016 $ 20,000 78,000 103,000 $ 201,000 50,000 125,000 (65,000) $ 311,000 $ 21,000 72,000 99,000 $ 192,000 40,000 110,000 (60,000) $ 282,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other accrued...
Merkitch Company's condensed comparative income statements and comparative balance sheets for 2016 and 2015 follow. Merkitch...
Merkitch Company's condensed comparative income statements and comparative balance sheets for 2016 and 2015 follow. Merkitch Company Comparative Income Statements For the Years Ended December 31, 2016 and 2015 Increase (Decrease) 2016 2015 Amount of ChagePercentage $3,276,800 Net sales Cost of goods sold Gross profit Operating expenses $3,146,400 2,008,400 $1,138,000 $1,188,000 $476,800 447,200 5924,000 5264,000 55,600 $198,400 62,400 136,000 518,000 423,200 941,200 $196,800 39,200 157,600 56,800 100,800 Seling expenses Administrative expenses Total operating expenses Net operating income Interest expense Income...
Condensed financial data of Bramble Corp. follow. Bramble Corp. Comparative Balance Sheets December 31 Assets 2020...
Condensed financial data of Bramble Corp. follow. Bramble Corp. Comparative Balance Sheets December 31 Assets 2020 Cash $114,700 Accounts receivable 92,400 Inventory 111,400 Prepaid expenses 29,400 Investments 140,900 Equipment 265,600 Accumulated depreciation-equipment (46,300) Total $708,100 2019 $48,900 33,100 101,200 25,500 114,000 241,300 (52,600) $511,400 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $111,500 16,500 114,000 219,000 247.100 $708,100 $67,200 17,200 149.000 175,500 102,500 $511,400 $392,300 Bramble Corp. Income Statement For the Year...
Presented below are the financial statements of Blossom Company. Blossom Company Comparative Balance Sheets December 31...
Presented below are the financial statements of Blossom Company. Blossom Company Comparative Balance Sheets December 31 Assets 2016 Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2017 76,650 43,800 43,800 30,660 61,320 43,a 131,400 170,820 (70,080) (52,560) 243,090 $236,520 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total 41,610 32,850 15,330 17,520 37,230 72,270 39420 30.660 83,220 $243,090 $236,520 109,500 Company Income Statement For the Year Ended 31, 2017 529,980...
Problem 12-7A Presented below are the financial statements of Kingbird Company. Kingbird Company Comparative Balance Sheets...
Problem 12-7A Presented below are the financial statements of Kingbird Company. Kingbird Company Comparative Balance Sheets December 31 2017 Assets 2016 89,600 51,200 Cash 51,200 Accounts receivable 35,840 71,680 51,200 Inventory 199,680 Property, plant, and equipment 153,600 (81,920) (61,440) Accumulated depreciation $284,160 $276,480 Tota Liabilities and Stockholders' Equity 48,640 38,400 Accounts payable Income taxes payable 20,480 17,920 Bonds payable 43,520 84,480 Common stock 46,080 35,840 Retained earnings 97,280 128,000 $284,160 $276,480 Tota
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and...
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and cash equivalents $ 204 $ 133 Accounts receivable 267 157 Inventories 131 264 Prepaid insurance 12 42 Total current assets 614 596 Long term assets: Property, plant, and equipment 245 260 Less accumulated depreciation - 140 - 125 Property, plant, and equipment, net 105 135 Total assets $ 719 $ 731 Current liabilities: Accounts payable $ 97 $ 83 Wages payable 20 17 Current...
Presented below are the financial statements or Windsor company. Windsor Company Comparative Balance Sheets December 31...
Presented below are the financial statements or Windsor company. Windsor Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 59,500 Accounts receivable 34,000 Inventory 47,600 Property, plant, and equipment 102,000 Accumulated depreciation (54,400) Total $188,700 2021 $ 34,000 23,800 34,000 132,600 (40,800 ) $183,600 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 32,300 11,900 28,900 30,500 85,000 $188,700 $25,500 13,600 56,100 23,800 64,600 $183,500 $411,400 297,500 113,900 Windsor Company Income...
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and...
JOSHUA COMPANY Comparative Balance Sheets December 31, 2016 and 2017 2017 2016 Current assets: Cash and cash equivalents $ 204 $ 133 Accounts receivable 267 157 Inventories 131 264 Prepaid insurance 12 42 Total current assets 614 596 Long term assets: Property, plant, and equipment 245 260 Less accumulated depreciation - 140 - 125 Property, plant, and equipment, net 105 135 Total assets $ 719 $ 731 Current liabilities: Accounts payable $ 97 $ 83 Wages payable 20 17 Current...
Presented below are the financial statements of Blossom Company. Blossom Company Comparative Balance Sheets December 31...
Presented below are the financial statements of Blossom
Company.
Blossom Company
Comparative Balance Sheets
December 31
Assets
2022
2021
Cash
$ 98,000
$ 56,000
Accounts receivable
56,000
39,200
Inventory
78,400
56,000
Property, plant, and equipment
168,000
218,400
Accumulated depreciation
(89,600
)
(67,200
)
Total
$310,800
$302,400
Liabilities and Stockholders’ Equity
Accounts payable
$ 53,200
$ 42,000
Income taxes payable
19,600
22,400
Bonds payable
47,600
92,400
Common stock
50,400
39,200
Retained earnings
140,000
106,400
Total
$310,800
$302,400
Blossom Company
Income Statement...
The comparative balance sheets for Spicer Company as of December 31 are presented below Spicer Company...
The comparative balance sheets for Spicer Company as of December 31 are presented below Spicer Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total 2017 2016 $ 45,000 58,000 142,000 21,000 130,000 200,000 (40,000 ) 155,000 68,000 50,000 151,450 15,280 145,000 200,000 (60,000) 225,000 (45,000) (35,000) $749,730 $676,000 Liabilities and Stockholders Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $ 36,000 300,000 160,000 180,000...
calculate ROI for 2017
resented here are the comparative balance sheets of Hames, Inc., at December 31, 2017 and 2016. Sales fo HAMES, INC., Balance Sheets December 31, 2017 and 2016 2017 2016 $ 20,000 78,000 103,000 $ 201,000 50,000 125,000 (65,000) $ 311,000 $ 21,000 72,000 99,000 $ 192,000 40,000 110,000 (60,000) $ 282,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other accrued...
Merkitch Company's condensed comparative income statements and comparative balance sheets for 2016 and 2015 follow. Merkitch Company Comparative Income Statements For the Years Ended December 31, 2016 and 2015 Increase (Decrease) 2016 2015 Amount of ChagePercentage $3,276,800 Net sales Cost of goods sold Gross profit Operating expenses $3,146,400 2,008,400 $1,138,000 $1,188,000 $476,800 447,200 5924,000 5264,000 55,600 $198,400 62,400 136,000 518,000 423,200 941,200 $196,800 39,200 157,600 56,800 100,800 Seling expenses Administrative expenses Total operating expenses Net operating income Interest expense Income...
Condensed financial data of Bramble Corp. follow. Bramble Corp. Comparative Balance Sheets December 31 Assets 2020 Cash $114,700 Accounts receivable 92,400 Inventory 111,400 Prepaid expenses 29,400 Investments 140,900 Equipment 265,600 Accumulated depreciation-equipment (46,300) Total $708,100 2019 $48,900 33,100 101,200 25,500 114,000 241,300 (52,600) $511,400 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total $111,500 16,500 114,000 219,000 247.100 $708,100 $67,200 17,200 149.000 175,500 102,500 $511,400 $392,300 Bramble Corp. Income Statement For the Year...
Presented below are the financial statements of Blossom Company. Blossom Company Comparative Balance Sheets December 31 Assets 2016 Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2017 76,650 43,800 43,800 30,660 61,320 43,a 131,400 170,820 (70,080) (52,560) 243,090 $236,520 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total 41,610 32,850 15,330 17,520 37,230 72,270 39420 30.660 83,220 $243,090 $236,520 109,500 Company Income Statement For the Year Ended 31, 2017 529,980...
Problem 12-7A Presented below are the financial statements of Kingbird Company. Kingbird Company Comparative Balance Sheets December 31 2017 Assets 2016 89,600 51,200 Cash 51,200 Accounts receivable 35,840 71,680 51,200 Inventory 199,680 Property, plant, and equipment 153,600 (81,920) (61,440) Accumulated depreciation $284,160 $276,480 Tota Liabilities and Stockholders' Equity 48,640 38,400 Accounts payable Income taxes payable 20,480 17,920 Bonds payable 43,520 84,480 Common stock 46,080 35,840 Retained earnings 97,280 128,000 $284,160 $276,480 Tota
Presented below are the financial statements or Windsor company. Windsor Company Comparative Balance Sheets December 31 Assets 2022 Cash $ 59,500 Accounts receivable 34,000 Inventory 47,600 Property, plant, and equipment 102,000 Accumulated depreciation (54,400) Total $188,700 2021 $ 34,000 23,800 34,000 132,600 (40,800 ) $183,600 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 32,300 11,900 28,900 30,500 85,000 $188,700 $25,500 13,600 56,100 23,800 64,600 $183,500 $411,400 297,500 113,900 Windsor Company Income...
Presented below are the financial statements of Blossom
Company.
Blossom Company
Comparative Balance Sheets
December 31
Assets
2022
2021
Cash
$ 98,000
$ 56,000
Accounts receivable
56,000
39,200
Inventory
78,400
56,000
Property, plant, and equipment
168,000
218,400
Accumulated depreciation
(89,600
)
(67,200
)
Total
$310,800
$302,400
Liabilities and Stockholders’ Equity
Accounts payable
$ 53,200
$ 42,000
Income taxes payable
19,600
22,400
Bonds payable
47,600
92,400
Common stock
50,400
39,200
Retained earnings
140,000
106,400
Total
$310,800
$302,400
Blossom Company
Income Statement...
The comparative balance sheets for Spicer Company as of December 31 are presented below Spicer Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total 2017 2016 $ 45,000 58,000 142,000 21,000 130,000 200,000 (40,000 ) 155,000 68,000 50,000 151,450 15,280 145,000 200,000 (60,000) 225,000 (45,000) (35,000) $749,730 $676,000 Liabilities and Stockholders Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $ 36,000 300,000 160,000 180,000...
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