The condensed comparative statements of Modern Health Inc. follow: Required Calculate trend percentages for the items of
Question:
The condensed comparative statements of Modern Health Inc. follow:
Required
Calculate trend percentages for the items of the statements using 2014 as the base year.
Analysis Component: Analyze and comment on the situation shown in the statements.
Transcribed Image Text:
Modern Health Inc. Income Statement ($000) For Years Ended December 31 2016 $742 307 2015 2020 2017 2014 $784 2019 $658 276 2018 $644 272 Net sales. Cost of goods sold. Operating expenses. Profit before taxes. $686 291 $630 266 280 $ 84 $728 297 300 357 $127 287 323 329 $102 290 $ 92 314 $ 81 $ 85 $112 Modern Health Inc. Balance Sheet ($000) December 31 2020 2019 2018 2017 2016 2015 2014 Assets Cash. $ 42 $ 46 $ 45 $ 50 $ 59 63 64 Accounts receivable, net. 129 144 139 141 157 154 165 Inventory. 200 209 206 219 223 237 227 Other current assets. 28 30 31 34 32 36 39 Investments. 112 84 56 122 122 122 126 Plant and equipment, net. 507 515 521 402 409 416 423 Total assets $1,018 $1,028 $998 $968 $1,006 $1,024 $1,044 Liabilities and Equity Current liabilities. $ 227 $ 237 $213 $170 $ 201 $ 240 $ 302 Non-current liabilities. 182 203 224 245 266 287 308 Common shares. 287 287 287 287 287 287 287 Retained earnings.. 322 301 274 266 252 210 147 Total liabilities and equity. $1,018 $1,028 $998 $968 $1,006 $1,024 $1,044
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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