Use the following balance sheet to answer the questions a What is the year to year percentage change in the value of the following Inventory Accounts payable Land Taxes payable Liabilities and OE b What is the ratio of the following Cash equivalent to inventory in 2014 How has it changed from 2013 ...

a Inventory 20 percent Accounts payable 33 percent Land 125 percent Taxes payable 20 percent Liabili ...

Use the following balance sheet to answer the questions: a. What is the year-to-year percentage change in

Question:

Use the following to answer the questions:
a. What is the year-to-year percentage change in the value of the following?
• Inventory
• Land
• Taxes payable
• Liabilities and OE
b. What is the ratio of the following:
• Cash equivalent to inventory in 2014? How has it changed from 2013?
• Owner’s equity to total assets in 2014? How has it changed from 2013?
c. Investors and buyers like to put their money into companies that have a low ratio of liabilities to assets. Has that ratio become more or less appealing from 2013 to 2014?
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...