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Answers
[1]
2018 |
2017 |
2016 |
|
Current Assets |
125.1% |
97.0% |
100.0% |
PPE |
111.0% |
98.0% |
100.0% |
Goodwill |
0.0% |
0.0% |
0.0% |
Total Assets |
117.3% |
100.0% |
100.0% |
--Working
2018 |
2017 |
2016 |
|
Current Assets |
=1524000/1218000 |
=1182000/1218000 |
=1218000/1218000 |
PPE |
=3155000/2843000 |
=2786000/2843000 |
=2843000/2843000 |
Goodwill |
0 |
0 |
0 |
Total Assets |
=4762000/4061000 |
=4061000/4061000 |
=4061000/4061000 |
[2]
2018 |
2017 |
2016 |
||||
Current Assets |
$1,524,000 |
32.0% |
$1,182,000 |
29.1% |
$1,218,000 |
30.0% |
PPE |
$3,155,000 |
66.3% |
$2,786,000 |
68.6% |
$2,843,000 |
70.0% |
Goodwill |
$83,000 |
1.7% |
$93,000 |
2.3% |
$0 |
0.0% |
Total Assets |
$4,762,000 |
100.0% |
$4,061,000 |
100.0% |
$4,061,000 |
100.0% |
Comparative data from the statement of financial position of Benton Ltd. are shown below. 2018 2017...
question 1 Comparative data from the statement of financial position of Acoustart Ltd. are shown below. 2018 2017 2016 Current assets $1,538,000 $1,168,000 $1,224,000 Property, plant, and equipment 3,161,000 2,792,000 2,854,000 Goodwill 108,000 118,000 Total assets $4,807,000 $4,078,000 $4,078,000 Using horizontal analysis, calculate the percentage of the base-year amount, using 2016 as the base year. (Round answers to 1 decimal place, e.g. 52.796.) 2018 2017 2016 Current assets Property, plant, and equipment Total assets Using vertical analysis, calculate the percentage...
Brief Exercise 14-1 Selected data from the comparative statements of financial position of Kennel Ltd. are shown below: 2016 $75,000 445,000 Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets Total assets 2018 $152,000 601,000 784,000 3,154,000 89,000 $4,780,000 2017 $174,000 398,000 600,000 2,791,000 99,000 $4,062,000 701,000 2,832,000 $4,053,000 Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) 2018 2017 2016 Cash Accounts receivable...
Brief Exercise 14-1 Selected data from the comparative statements of financial position of Steering Ltd. are shown below: Cash Accounts receivable Inventory Property, plant, and equipment Intangible assets 2018 $149,000 596,000 780,000 3,146,000 90,000 $4,761,000 2017 $176,000 402,000 594,000 2,827,000 100,000 $4,099,000 2016 $76,000 453,000 696,000 2,829,000 Total assets $4,054,000 Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2016 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) 2018 2017 2016 Cash Accounts receivable...
Condensed statement of financial position and income statement
data for Elkhardt Ltd. are shown below:
ELKHARDT
LTD.
Statement of Financial Position
December 31
(in thousands)
2018
2017
2016
Assets
Current assets
Cash
$29
$79
$199
Accounts receivable
898
706
502
Inventory
1,198
798
498
Total current assets
2,125
1,583
1,199
Property, plant, and equipment (net)
4,124
3,777
3,168
Total assets
$6,249
$5,360
$4,367
Liabilities and
Shareholders’ Equity
Liabilities
Current
liabilities
$600
$547
$502
Non-current
liabilities
3,044
2,307
1,505
Total liabilities...
Condensed statement of financial position and income statement
data for Elkhardt Ltd. are shown below:
ELKHARDT
LTD.
Statement of Financial Position
December 31
(in thousands)
2018
2017
2016
Assets
Current assets
Cash
$29
$79
$199
Accounts receivable
898
706
502
Inventory
1,198
798
498
Total current assets
2,125
1,583
1,199
Property, plant, and equipment (net)
4,124
3,777
3,168
Total assets
$6,249
$5,360
$4,367
Liabilities and
Shareholders’ Equity
Liabilities
Current
liabilities
$600
$547
$502
Non-current
liabilities
3,044
2,307
1,505
Total liabilities...
Condensed statement of financial position and income statement
data for Elkhardt Ltd. are shown below:
ELKHARDT
LTD.
Statement of Financial Position
December 31
(in thousands)
2018
2017
2016
Assets
Current assets
Cash
$29
$79
$199
Accounts receivable
898
706
502
Inventory
1,198
798
498
Total current assets
2,125
1,583
1,199
Property, plant, and equipment (net)
4,124
3,777
3,168
Total assets
$6,249
$5,360
$4,367
Liabilities and
Shareholders’ Equity
Liabilities
Current
liabilities
$600
$547
$502
Non-current
liabilities
3,044
2,307
1,505
Total liabilities...
Condensed statement of financial position and income statement
data for Sipacore Ltd. are shown below:
SIPACORE
LTD.
Statement of Financial Position
December 31
(in thousands)
2018
2017
2016
Assets
Current assets
Cash
$29
$79
$199
Accounts receivable
898
706
502
Inventory
1,198
798
498
Total current assets
2,125
1,583
1,199
Property, plant, and equipment (net)
4,124
3,777
3,168
Total assets
$6,249
$5,360
$4,367
Liabilities and
Shareholders’ Equity
Liabilities
Current
liabilities
$600
$547
$502
Non-current
liabilities
3,044
2,307
1,505
Total liabilities...
HIROOLE LTD. Statement of Financial Position December 31 (in thousands) 2018 2017 2016 Assets Current assets Cash $30 $81 $200 Accounts receivable 907 698 504 Inventory 1,190 794 497 Total current assets 2,127 1,573 1,201 Property, plant, and equipment (net) 4,105 3,831 3,230 Total assets $6,232 $5,404 $4,431 Liabilities and Shareholders' Equity Liabilities Current liabilities $596 $553 $499 Non-current liabilities 3,047 2,303 1,508 Total liabilities 3,643 2,856 2,007 Shareholders' equity Common shares 999999999 Retained earnings 1,590 1,549 1,425 Total shareholders'...
Exercise 13-3 Here is financial information for Sage Hill Inc. December 31, 2017 December 31, 2016 Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $109,300 403,800 102,800 125,300 133,300 151,700 $ 93,800 353,300 68,300 93,800 118,300 166,700 Prepare a schedule showing a horizontal analysis for 2017, using 2016 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...
Comparative financial statement data of Manfield, Inc.
follow:
Comparative financial statement data of Manfield, Inc. follow: 囲(Click the icon to view the income statement.) EEE (Click the icon to view the balance sheet.) 1 (Click the icon to view the additional financial information.) Read the requirements Requirement 1a. Compute the current ratios for 2018 and 2017. Begin by selecting the formula to compute the current ratio Current ratio = Manfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and...