Question: Consolidated balance sheets for Peach Computer appear below: Required: 1. Prepare common size balance sheets for horizontal analysis. 2. Indicate from what sources Peach appears

Consolidated balance sheets for Peach Computer appear below:


Consolidated balance sheets for Peach Computer appear below:  .


Required:
1. Prepare common size balance sheets for horizontal analysis.
2. Indicate from what sources Peach appears to have secured the resources for its assetincrease.

Peach Computer, Inc. Consolidated Balance Sheets December 31, 2009 and 2008 Dollars in thousands) ASSETS 2009 2008 Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net of allowance for doubtful $1,203,488 $ 676,413 215,890 54,368 accounts of $90,992 ($83,776 in 2008) Inventories Deferred tax assets Other current assets 1,581,347 1,381,946 1,088,434 1,506,638 268,085 289,383 293,048 255,767 Total current assets 34476.452 $4,338.355 Property, plant, and equipment: Land and buildings Machinery and equipment Office furniture and equipment S484,592 404,688 572,728 578,272 167,905 158,160 2009 ASSETS 2008 261,792 $1,452,188 $1,412,657 (785,088) (753,111) $ 667,100 $659,546 $ 159,194 173,511 $5,302,746 $5,171,412 Leasehold improvements 236,708 Accumulated depreciation and am ortization Net property, plant, and equipment Other assets Total assets LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued compensation and employee benefits Accrued marketing and distribution Accrued restructuring costs Other current liabilities 292,200 823,182 742,622 144,779 174,547 58,238 307,932 315,023 $1,944,305 $2,508,085 881,717 136,895 178,294 396,961 Total current liabilities 304,472 670,668 Long-term debt Deferred tax liabilities Total liabilities Shareholders' equity: 629,832 $2,919,445 $3,145,034 Common stock, no par value: 320,000,000 shares authorized; 119,542,527 shares issued and outstanding in 2009 (116,147,035 shares in 2008) $ 297,929 203,613 2,096,206 1,842,600 (19,835) $2,383,301 $2,026,378 $5,302,746 $5,171,412 Retained earnings Accumulated translation adjustment (10,834) Total shareholders' equity Total liabilities and shareholders' equity

Step by Step Solution

3.33 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 Peach Computer Inc Consolidated Balance Sheet December 31 2009 2008 Current assets Cash and cash equivalents 2270 1308 Shortterm investments 103 417 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

145-B-M-A-F-S-A (898).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!