In 2010, Borden Formal Wear Inc. paid $100 million in dividends. Here are the comparative balance sheets
Question:
Required:
(a) Prepare a horizontal and vertical analysis on the balance sheet.
(b) How did the business do in 2010?
Transcribed Image Text:
Borden Formal Wear Inc. Balance Sheets as at December 31 (in $ millions) 2010 (in $ millions) 2009 Current assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Land Buildings (net) Equipment (net) Total property, plant, and equipment 10 12 13 65 90 25 50 250 100 40 250 Total assets 445 468 Current liabilities Accounts payable Long-term liabilities Bank loans Total liabilities Shareholders' equity Common shares Retained earnings otal shareholders' equity 28 23 75 103 124 342 445 83 124 385 468 Total liabilities and shareholders equity
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
Borden Formal Wear Inc a b Horizontal and vertical analysis Borden Formal Wear Inc Balance ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
Question Posted:
Students also viewed these Finance questions
-
Presented here are the comparative balance sheets of Hames, Inc., at December 31, 2011 and 2010. Sales for the year ended December 31, 2011, totaled $580,000. Required: a. Calculate ROI for 2011....
-
Calculate profitability and liquidity measures. Presented here are the comparative balance sheets of Hames, Inc., at December 31, 2014 and 2013. Sales for the year ended December 31, 2014, totaled...
-
Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $1,700,000. Required: a. Calculate ROI for 2020....
-
Air flows with negligible friction through a 4-indiameter duct at a rate of = lbm/s. The temperature and pressure at the inlet are T1 = 800 R and P1 = 30 psia, and the Mach number at the exit is Ma2...
-
Is the Eurozone an optimal currency area? Explain your answer.
-
A ships compass is mistakenly placed 8.35 cm away from a wire carrying a current of 8.25 A. (a) What is the strength of the wires magnetic field on the compass? (b) The strength of the earths...
-
Myers, Montgomery and Anderson-Cook (Response Surface Methodology 4th edition, Wiley, New York, 2016) discuss an experiment to determine the influence of five factors:$x_{1}$ - acid bath temperature...
-
This question consists of 13 items pertaining to possible deficiencies in an accountants review report. Select the best answer for each item. Indicate your answers in the space provided. Jordan &...
-
Statement 2: If Anton invested in a project that has a net present value of $1,000,000 at 12% cost of capital, the internal rate of return must be higher than 12%. Assume that the project has...
-
Consider a project with free cash flows in one year of $130,000 or $180,000, with each outcome being equally likely. The initial investment required for the project is $100,000, and the projects cost...
-
Threads Limited manufactures nuts and bolts, which are sold to industrial users. The abbreviated financial statements for 2010 and 2009 are as follows. Required: (a) Assuming that all sales and...
-
Genesis Ltd. was incorporated in 2007 and has grown rapidly over the past three years. The rapid rate of growth has created problems for the business that management has found difficult to deal with....
-
Write a critically reflective paper entitled: my role as a decision leader in the global marketplace.
-
An electron and a proton are held on an \(x\) axis, with the electron at \(x=+1.000 \mathrm{~m}\) and the proton at \(x=\) \(-1.000 \mathrm{~m}\). (a) How much work is required to bring an additional...
-
Four particles, cach carrying a charge of magnitude \(3.0 \mathrm{nC}\), are at the corners of a square that has a side length of \(3.0 \mathrm{~m}\). For zero potential set at infinity, calculate...
-
Explain the methods of governing of the steam turbine.
-
Write short notes on: (i) Degree of reaction, (ii) Reheat factor, (iii) Diagram efficiency, and (iv) condition line.
-
Differentiate impulse and reaction type steam turbines.
-
This happens if a PDE involves derivatives with respect to one variable only (or can be transformed to such a form), so that the other variable(s) can be treated as parameter(s). Solve for u = u(x,...
-
Subprime loans have higher loss rates than many other types of loans. Explain why lenders offer subprime loans. Describe the characteristics of the typical borrower in a subprime consumer loan.
-
What kinds of changes in the business environment might lead to a decision to change the level of investment in working capital? Try to identify three possible changes that could affect the working...
-
What kinds of changes in the business environment might lead to a decision to change the level of investment in working capital? Try to identify three possible changes that could affect the working...
-
Williams Wholesalers Ltd currently asks its credit customers to pay by the end of the month after the month of delivery. In practice, customers take rather longer to pay on average 70 days. Sales...
-
Exploring Variable Length Parameter Lists The file Parameters.java contains a program to test the variable length method average from Section 7.5 of the text. Note that average must be a static...
-
How would I write a test case for the following steps so that the test cases run properly @Test void dequeueItemsHasRightValuesAndSize() { Queue testQ = new Queue (); int result; enqueueValues(testQ,...
-
Analyse the quality of the Java codes below public static boolean leap(int y) { String tmp = String.valueOf(y); if (tmp.charAt(2) == '1' || tmp.charAt(2) == '3' || tmp.charAt(2) == 5 || tmp.charAt(2)...
Study smarter with the SolutionInn App