A. Financial Statements. As you can see, someone has spilled ink over some of the entries...

 

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A. Financial Statements. As you can see, someone has spilled ink over some of the entries in the balance sheet and income statement of Nessa Corporation. Use the following information below to work out the missing entries:[10 Marks] Tax Net income Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Receivables Inventories Return on assets Return on equity Inventory turnover Average collection period Net sales Cost of goods sold Selling, general, and administrative expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Assets Cash and marketable securities INCOME STATEMENT (figures in millions of dollars) Total current assets Net property, plant, and equipment Total assets 1.4 1.0 0.2 Liabilities and shareholders' equity Accounts payable 18% Notes payable Total current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity 41% 5.0 71.2 days *** *** 10 20 BALANCE SHEET (figures in millions of dollars) This Year *** ... ... *** *** *** *** 0.4 8.0 25 ... ... ⠀ 30 *** Last Year 20 34 26 80 105 20 55 20 105 25 35 30 115 B. Differentiate between Horizontal (Trend) and Vertical (common size) analysis. financial statements and how they are used for purposes of financial statement analysis. [ 5marks] L A. Financial Statements. As you can see, someone has spilled ink over some of the entries in the balance sheet and income statement of Nessa Corporation. Use the following information below to work out the missing entries:[10 Marks] Tax Net income Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Receivables Inventories Return on assets Return on equity Inventory turnover Average collection period Net sales Cost of goods sold Selling, general, and administrative expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Assets Cash and marketable securities INCOME STATEMENT (figures in millions of dollars) Total current assets Net property, plant, and equipment Total assets 1.4 1.0 0.2 Liabilities and shareholders' equity Accounts payable 18% Notes payable Total current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity 41% 5.0 71.2 days *** *** 10 20 BALANCE SHEET (figures in millions of dollars) This Year *** ... ... *** *** *** *** 0.4 8.0 25 ... ... ⠀ 30 *** Last Year 20 34 26 80 105 20 55 20 105 25 35 30 115 B. Differentiate between Horizontal (Trend) and Vertical (common size) analysis. financial statements and how they are used for purposes of financial statement analysis. [ 5marks] L

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