Homework Answers
| Amount | % | ||
| 2020-21 | -32000 | -6.30% | Decrease |
| 2021-22 | 52500 | 11.03% | Increase |
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Brief Exercise 13-06 Net income was $508,000 in 2020, $476,000 in 2021, and $528,500 in 2022....
Brief Exercise 13-04 Using these data from the comparative balance sheet of Sandhill Co., perform horizontal...
Brief Exercise 13-04 Using these data from the comparative balance sheet of Sandhill Co., perform horizontal analysis. (If amount and percentage are a decrease show the numbers negative, e.g. -55,000, -20% or (55,000), (209). Round percentages to o decimal places, e.g. 129.) Increase or (Decrease) Amount Percentage Dec. 31, 2022 Dec 31, 2021 5556,300 $ 480,000 Accounts receivable Inventory $ 576,000 $ 730,000 Total assets $3,306,000 $2,900,000 Click if you would like to Show Work for this question: Open Show...
Brief Exercise 13-04 Using these data from the comparative balance sheet of Carla Vista Co., perform...
Brief Exercise 13-04 Using these data from the comparative balance sheet of Carla Vista Co., perform horizontal analysis. (If amount and percentage are a de Increase or (Decrease) Amount Percentage Dec 31, 2022 Dec. 31, 2021 $417,600 $360,000 Accounts receivable Inventory $ 732,000 $ 610,000 Total assets $3,169,200 $2,780,000 decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to o decimal places, e.g. 12%.)
Brief Exercise 13-04 Using these data from the comparative balance sheet of Ivanhoe Company, perform horizontal...
Brief Exercise 13-04
Using these data from the comparative balance sheet of Ivanhoe
Company, perform horizontal analysis. (If amount and
percentage are a decrease show the numbers as negative, e.g.
-55,000, -20% or (55,000), (20%). Round percentages to 0 decimal
places, e.g. 12%.)
Increase or (Decrease)
Dec. 31, 2022
Dec. 31, 2021
Amount
Percentage
Accounts receivable
$ 487,200
$ 420,000
$Enter increase or decrease amount in dollars.
Enter increase or decrease in percentages rounded to 0 decimal
places.
%
Inventory...
Brief Exercise 13-05 Using these data from the comparative balance sheet of Oriole Company, perform vertical...
Brief Exercise 13-05 Using these data from the comparative balance sheet of Oriole Company, perform vertical analysis (Round percentages to I decimal place, e.g. 13 Dec. 31, 2022 Amount Percentage $377,600 % Dec. 31, 2021 Amount Percentage $ 320,000 Accounts receivable Inventory $ 695,400 W $570,000 Total assets $3,178,400 $2,740,000 Click if you would like to Show Work for this question: Open Show Work
Brief Exercise 13-04 Using these data from the comparative balance sheet of Crane Company, perform horizontal...
Brief Exercise 13-04 Using these data from the comparative balance sheet of Crane Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Dec. 31, 2020 Dec. 31, 2019 Amount Percentage Accounts receivable $445,200 $371,000 % $ Inventory 692,500 554,000 $ Total assets 3,313,440 2,808,000 % $
Exercise 13-03 Here is financial information for Kingbird, Inc. Current assets Plant assets (net) Current liabilities...
Exercise 13-03 Here is financial information for Kingbird, Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2022 December 31, 2021 $109,400 $ 92,200 402,200 353,400 101,200 68,400 125,400 92,200 133,400 118,400 151,600 166,600 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1...
please show work :) Net income was $610,000 in 2018. $597,800 in 2019, and $633,668 in...
please show work :)
Net income was $610,000 in 2018. $597,800 in 2019, and $633,668 in 2020. What is the percentage of change from (a) 2018 to 2019, and (b) from 2019 to 2020? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to O decimal places, e.g. 12%.) Amount Percentage (a) 2018-2019 $ (b) 2019-2020 $
Practice Brief Exercise 01 Using these data from the comparative balance sheet of Crane Company, perform...
Practice Brief Exercise 01 Using these data from the comparative balance sheet of Crane Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Amount Percentage Dec. 31, 2020 Dec. 31, 2019 Accounts receivable $445,200 $371,000 % $ Inventory 692,500 554,000 % $ Total assets 3,313,440 2,808,000 % $
Brief Exercise 13-4 Using these data from the comparative balance sheet of Sandhill Co., perform horizontal...
Brief Exercise 13-4 Using these data from the comparative balance sheet of Sandhill Co., perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to O decimal places, e.g. 12%.) uzing these data from the comparati Increase or Decrease Dec. 31, 2017 Dec. 31, 2016 Amount Percentage Accounts receivable $ 511,000 $ 435,000 76,000 Inventory $ 825,000 $ 589,000 236,000 Total assets $3,159,000 $2,773,000 $ 386,000
Brief Exercise 12-04 Ivanhoe Company reported net income of $1.80 million in 2022. Depreciation for the...
Brief Exercise 12-04 Ivanhoe Company reported net income of $1.80 million in 2022. Depreciation for the year was $288,000, accounts receivable decreased $630,000, and accounts payable decreased $504,000. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Ivanhoe Company Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to Click if you would like to Show Work for this question:...
Brief Exercise 13-04 Using these data from the comparative balance sheet of Sandhill Co., perform horizontal analysis. (If amount and percentage are a decrease show the numbers negative, e.g. -55,000, -20% or (55,000), (209). Round percentages to o decimal places, e.g. 129.) Increase or (Decrease) Amount Percentage Dec. 31, 2022 Dec 31, 2021 5556,300 $ 480,000 Accounts receivable Inventory $ 576,000 $ 730,000 Total assets $3,306,000 $2,900,000 Click if you would like to Show Work for this question: Open Show...
Brief Exercise 13-04 Using these data from the comparative balance sheet of Carla Vista Co., perform horizontal analysis. (If amount and percentage are a de Increase or (Decrease) Amount Percentage Dec 31, 2022 Dec. 31, 2021 $417,600 $360,000 Accounts receivable Inventory $ 732,000 $ 610,000 Total assets $3,169,200 $2,780,000 decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to o decimal places, e.g. 12%.)
Brief Exercise 13-04
Using these data from the comparative balance sheet of Ivanhoe
Company, perform horizontal analysis. (If amount and
percentage are a decrease show the numbers as negative, e.g.
-55,000, -20% or (55,000), (20%). Round percentages to 0 decimal
places, e.g. 12%.)
Increase or (Decrease)
Dec. 31, 2022
Dec. 31, 2021
Amount
Percentage
Accounts receivable
$ 487,200
$ 420,000
$Enter increase or decrease amount in dollars.
Enter increase or decrease in percentages rounded to 0 decimal
places.
%
Inventory...
Brief Exercise 13-05 Using these data from the comparative balance sheet of Oriole Company, perform vertical analysis (Round percentages to I decimal place, e.g. 13 Dec. 31, 2022 Amount Percentage $377,600 % Dec. 31, 2021 Amount Percentage $ 320,000 Accounts receivable Inventory $ 695,400 W $570,000 Total assets $3,178,400 $2,740,000 Click if you would like to Show Work for this question: Open Show Work
Brief Exercise 13-04 Using these data from the comparative balance sheet of Crane Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Dec. 31, 2020 Dec. 31, 2019 Amount Percentage Accounts receivable $445,200 $371,000 % $ Inventory 692,500 554,000 $ Total assets 3,313,440 2,808,000 % $
Exercise 13-03 Here is financial information for Kingbird, Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2022 December 31, 2021 $109,400 $ 92,200 402,200 353,400 101,200 68,400 125,400 92,200 133,400 118,400 151,600 166,600 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1...
please show work :)
Net income was $610,000 in 2018. $597,800 in 2019, and $633,668 in 2020. What is the percentage of change from (a) 2018 to 2019, and (b) from 2019 to 2020? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to O decimal places, e.g. 12%.) Amount Percentage (a) 2018-2019 $ (b) 2019-2020 $
Practice Brief Exercise 01 Using these data from the comparative balance sheet of Crane Company, perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 0 decimal places, e.g. 12%.) Increase or (Decrease) Amount Percentage Dec. 31, 2020 Dec. 31, 2019 Accounts receivable $445,200 $371,000 % $ Inventory 692,500 554,000 % $ Total assets 3,313,440 2,808,000 % $
Brief Exercise 13-4 Using these data from the comparative balance sheet of Sandhill Co., perform horizontal analysis. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to O decimal places, e.g. 12%.) uzing these data from the comparati Increase or Decrease Dec. 31, 2017 Dec. 31, 2016 Amount Percentage Accounts receivable $ 511,000 $ 435,000 76,000 Inventory $ 825,000 $ 589,000 236,000 Total assets $3,159,000 $2,773,000 $ 386,000
Brief Exercise 12-04 Ivanhoe Company reported net income of $1.80 million in 2022. Depreciation for the year was $288,000, accounts receivable decreased $630,000, and accounts payable decreased $504,000. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Ivanhoe Company Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to Click if you would like to Show Work for this question:...
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