The condensed comparative statements of Uranium Mining Corporation follow: Required Calculate trend percentages for the items of
Question:
The condensed comparative statements of Uranium Mining Corporation 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:
Uranium Mining Corporation Income Statement ($000) For Years Ended December 31 2020 2019 2018 2017 2016 2015 2014 Net sales. Cost of goods sold. $878 $738 $692 $997 $802 $646 $544 491 $311 698 569 431 401 376 310 $307 $270 Gross profit from sales. $299 $309 $291 $234 Operating expenses. 214 170 157 118 104 102 88 $ 85 $139 $154 $189 $187 $168 $146 Profit. Uranium Mining Corporation Balance Sheet ($000) December 31 2018 2016 2020 2019 2017 2015 2014 Assets $ 61 $ 60 $ 43 $ 55 $ 57 $ 58 Cash. 62 Accounts receivable, net. 214 179 292 306 278 189 126 Inventory. 1,049 764 668 565 508 432 318 Other current assets. 30 27 16 28 25 25 14 Non-strategic investments. 86 86 86 86 1,288 $2,440 1,131 $2,150 Plant and equipment, net. 1,292 $2,706 646 667 596 514 Total assets. Liabilities and Equity $1,536 $1,597 $1,378 $1,120 $ 375 $ 272 $ 567 $ 676 $ 312 $ 258 $ 167 Current liabilities. Non-current liabilitios. Common shares. Retained earnings. Total liabilities and equity. 720 628 611 286 292 316 242 770 770 770 632 632 500 500 540 475 394 367 340 304 211 $2,706 $2,440 $2,150 $1,597 $1,536 $1,378 $1,120
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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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