Assets 20X1 Cash 20X2 49,902 62,304 Marketable Securities 31,188 16,488 Prepaid Expenses Accounts Receivable 12,474 11,622...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Assets 20X1 Cash 20X2 49,902 62,304 Marketable Securities 31,188 16,488 Prepaid Expenses Accounts Receivable 12,474 11,622 48,315 19,854 Inventories 43,662 85,662 Land 349,305 349,305 Building China, Glass, etc. Accumulated depreciation 3,021,270 3,021,270 807,765 854,802 1,359,789 1,613,547 Liabilites and Owner's Equity Accounts payable 39,795 47,835 Long-term debt 1,660,287 1,564,107 Deferred income taxes --Current 24,489 29,781 Current portion of long-term debt Accrued Expense 61,221 75,180 6,141 9,117 Retained earnings 578,559 448,140 Common Stock 633,600 633,600 Please indicate what issues you found from your horizontal, vertical and ratio analysis for this company (Short Answer). Assets 20X1 Cash 20X2 49,902 62,304 Marketable Securities 31,188 16,488 Prepaid Expenses Accounts Receivable 12,474 11,622 48,315 19,854 Inventories 43,662 85,662 Land 349,305 349,305 Building China, Glass, etc. Accumulated depreciation 3,021,270 3,021,270 807,765 854,802 1,359,789 1,613,547 Liabilites and Owner's Equity Accounts payable 39,795 47,835 Long-term debt 1,660,287 1,564,107 Deferred income taxes --Current 24,489 29,781 Current portion of long-term debt Accrued Expense 61,221 75,180 6,141 9,117 Retained earnings 578,559 448,140 Common Stock 633,600 633,600 Please indicate what issues you found from your horizontal, vertical and ratio analysis for this company (Short Answer).
Expert Answer:
Answer rating: 100% (QA)
Net working capital Current assets Current liabilities Cu... View the full answer
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
Posted Date:
Students also viewed these accounting questions
-
Current Assets 2000 2001 Cash 200 1 000 Accounts receivable 1 600 1 000 Inventory 2 200 2 600 TOTAL CURRENT ASSETS 4 000 4 600 Gross Fixed Assets 12 000 12 400 Less Accum Depreciation 6 000
-
Accounts Payable 55000 Equipment 950000Marketable Securities 40000 Taxes Payable 15000Accounts Receivable 180000 Retained Earnings 250000Notes Payable 12 due in 60 days 20000 Inventory 85000Capital...
-
What role do marketable securities play in current asset management?
-
Comment on the following statement: A financial projection presents an organizations expected results, given a hypothetical assumption.
-
The following data are bank yields (in percent) for 6-month CDs. 3.56, 5.44, 5.37, 5.28, 5.19, 5.35, 5.48, 5.27, 5.39 Find the mean and standard deviation.
-
What are the functions performed by the three types of neurons? Describe the structure and functions of the three parts of a neuron?
-
What is it about postsale follow-up that makes it one of the most important ways to enhance long-term customer relationships? What specific things can you do in follow-up to accomplish this?
-
A mining company wishes to install some water supply wells to provide water for their operation. One pumping well has been completed and they are seeking approval for a second well. A Farmer on an...
-
Part One: Identify the following Technical Specifications (Tech Specs) of the Chicago Pile number 1 (CP-1) reactor: 1. Thermal power in Watts(thermal), Wth. 2. Fuel material 3. Moderator material 4....
-
The implementations of the methods addAll, removeAll, retainAll, toArray(), and toArray(T[]) are omitted in the MyList interface. Implement these methods. Test your new MyList class using the code at...
-
In which aspects of an organization's financial operation are creditors interested?
-
Coates writes about the precarious position of the Black body in America. What are some specific examples of the dangers that face the Black body?
-
KW owns 80% of the ordinary share capital of SN, its only subsidiary. The non-controlling interest in SN was valued at fair value at the date of acquisition. In the year ended 31 December 20X3 SN had...
-
Monster Magnet Manufacturing is considering leasing some equipment. The annual lease payment would be $445,000 per year for 6 years. The appropriate interest rate is 9 percent and the company is in...
-
Percy's Porcelain Works manufactures fine vases. The company produces two designs: a square vase and a round vase. The planning team is discussing the coming year's activities. To start the...
-
What is the difference between initial franchise fees and ongoing royalty fees in accounting terms? How are franchise agreements reflected in a company's financial statements?
-
A workflow has 2 separate datasets where many records in the first dataset are present in the second dataset. Which single tool will accept and examine both datasets and isolate records in the...
-
In Problem use geometric formulas to find the unsigned area between the graph of y = f(x) and the x axis over the indicated interval. f(x) = x + 5; [0, 4]
-
Identify the budgetary accounts used in federal agency accounting and explain the sequential flow of budgetary authority through the accounts in your own words.
-
What is a special district and why might a government create one or more special districts?
-
How can a not-for-profit museum ensure that its gift shop activities will not result in an unrelated business income tax liability?
-
A Pepsi promotion encouraged consumers to collect Pepsi points and redeem them for merchandise. If they did not have quite enough points for the prize they wanted, they could buy additional points...
-
Defendant Kenneth Blake was married to Charlene Hinton-Blake, who died in 2012. Three of Hinton-Blakes sisters, including Yvonne Hinton, assisted her with day-to-day care during a four-year period of...
-
This appeal involves the validity of a will executed in contravention of an earlier contract to make mutual wills. A husband and wife signed a contract to make mutual wills and then executed those...
Study smarter with the SolutionInn App