ching design. ctri AMD Aion Salver P Stay connected ants entertained USE YOUR SMARTPHONE FOR Reviews...

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ching design. ctri AMD Aion Salver P Stay connected ants entertained USE YOUR SMARTPHONE FOR Reviews Videos The following are condensed financial statements of The Windy West Company for the three years ended December 31, 2020, 2021, 2022. The Windy West Company expanded their business in 2021-2022. The Windy West Company Comparative Balance Sheets December 31 (thousands of $) Current Assets Cash 2022 2021 2020 $ 450 $ 50 $ 200 Accounts Receivable $ 590 $ 480 $ 240 Less: Allowance for Doubtful Accounts 50 540 20 460 240 Inventory 750 520 500 Prepaid Expenses 130 30 100 Total Current Assets $ 1,870 $ 1,060 $ 1,040 Capital Assets 4,050 2,340 1,380 Less: Accumulated Depreciation 930 3,120 540 1,800 270 1,110 Total Assets $ 4,990 $ 2,860 $ 2,150 Current Liabilities Accounts Payable 1,300 760 510 110 50 Accrued Liabilities Total Current Liabilities $ 1,300 $ 870 $ 560 600 600 260 Bonds Payable $ 1,900 $ 1,470 $ 820 Total Liabilities Shareholders' Equity Common Shares Retained Earnings 2,300 790 960 960 430 370 Total Shareholders' Equity $ 3,090 $ 1,390 $ 1,330 Total Liabilities and Shareholders' Equity $ 4,990 $ 2,860 $ 2,150 On January 1, 2022, 300 additional shares of common stock were sold (share numbers in thousands). Hilroy 5000 150 ASSEMBLE AU CANADA AVEC DES MATIERES IMPORTEES 13223 157010 HP Laptop All-day power. Eye-catching design. AND AIN and entertahay M ctri USE YOUR SMARTPHONE FOR Routews Videos Features Spers Support The following are condensed financial statements of The Windy West Company for the three years ended December 31, 2020, 2021, 2022. The Windy West Company expanded their business in 2021-2022. The Windy West Company Comparative Balance Sheets December 31 (thousands of $) Current Assets Cash 2022 $ 450 Accounts Receivable $ 590 Less: Allowance for Doubtful Accounts 2021 2020 $ 50 $ 200 S 480 $ 240 50 540 20 460 240 Inventory Prepaid Expenses Total Current Assets 750 520 500 130 30 100 $ 1,870 $ 1,060 $ 1,040 Capital Assets Less: Accumulated Depreciation 4,050 2,340 1,380 930 3,120 540 1,800 270 1,110 Total Assets $ 4,990 $ 2,860 $ 2,150 enter shift HLON Current Liabilities Accounts Payable 1,300 760 510 Accrued Liabilities 110 50 Total Current Liabilities $ 1,300 $ 870 $ 560 Bonds Payable 600 600 260 Total Liabilities $ 1,900 $ 1,470 $ 820 Shareholders' Equity Common Shares Retained Earnings 2,300 790 960 960 430 370 Total Shareholders' Equity $ 3,090 $ 1,390 $ 1,330 Total Liabilities and Shareholders' Equity $ 4,990 $ 2,860 $ 2,150 On January 1, 2022, 300 additional shares of common stock were sold (share numbers in thousands). Sales Cost of Goods Sold The Windy West Company Comparative Income Statements For the Year Ended December 31 (thousands of $) 2022 2021 2020 $ 3,480 $ 2,000 $ 1,500 Beginning Inventory $ 520 $ 500 $ 400 Add: Purchases 2,090 1,270 880 $ 2,610 $ 1,770 $ 1,280 Less: Ending Inventory 750 520 500 Cost of Goods Sold 1,860 1,250 780 Gross Profit $ 1,620 $ 750 $ 720 Less: Selling and Administrative Expenses 720 500 300 Net Income from Operations $ 900 $ 250 $ 420 Interest Expense 60 60 Income Before Income Tax $ 840 $ 190 $ 420 Income Tax 80 30 90 Net income $ 760 $ 160 $ 330 Balance, January 1 Add: Net Income for the Year Less: Dividend Balance, December 31 The Windy West Company Comparative Statements of Retained Earnings For the Year Ended December 31 (thousands of $) 2022 2021 2020 $ 430 $ 370 $ 120 760 160 330 $ 1,190 $ 530 $ 450 400 100 80 $ 790 $ 430 $ 370 The following additional information is available: (all numbers in thousands) a. All sales are on credit; credit terms are net 60 days after invoice date. b. Number of shares of common stock were outstanding in 2020 (in thousands) Number of shares of common stock were outstanding in 2021 (in thousands) On January 2, 2022, 300 additional shares of common stock were sold (share numbers in thousands). c. Opening balance of accounts receivable on January 1, 2020 was 200 200 500 $ 190.00 d. Net capital assets for January 1, 2020, was $ 910.00 e. Total assets on January 1, 2020, was $ 1,650.00 f. Total shareholders' equity on January 1, 2020, was $ 1,010.00 g. In 2020, market price per share was h. In 2021, market price per share was i. In 2022, market price per share was $ 4.80 $ 4.00 $ 3.00 INDUSTRY AVERAGE Formula 2022 2021 2020 1 Current ratio 1.6:1 2 Acid-test ratio 1.1:1 Accounts receivable 3 16 times turnover Days' sales 4 21 days uncollected Merchandise 5 5 times turnover sheet with your calculations AND T mywest Company wise to expand operation tor INDUSTRY AVERAGE Formula 2022 2021 2020 b Days' sales in inventory 60 days 7 Total asset turnover 2.3 times 8 Debt ratio 35% 9 Equity ratio 65% 10 Times interest earned 50 times 11 Profit margin 20% 12 Gross profit ratio 18% 13 Return on total 20% assets INDUSTRY Formula AVERAGE 2022 2021 2020 Return on common 14 32.70% S/E equity Basic earnings per 15 $1.79 share 16 Price-earnings ratio 18.2 17 Dividend yield 13.50% ching design. ctri AMD Aion Salver P Stay connected ants entertained USE YOUR SMARTPHONE FOR Reviews Videos The following are condensed financial statements of The Windy West Company for the three years ended December 31, 2020, 2021, 2022. The Windy West Company expanded their business in 2021-2022. The Windy West Company Comparative Balance Sheets December 31 (thousands of $) Current Assets Cash 2022 2021 2020 $ 450 $ 50 $ 200 Accounts Receivable $ 590 $ 480 $ 240 Less: Allowance for Doubtful Accounts 50 540 20 460 240 Inventory 750 520 500 Prepaid Expenses 130 30 100 Total Current Assets $ 1,870 $ 1,060 $ 1,040 Capital Assets 4,050 2,340 1,380 Less: Accumulated Depreciation 930 3,120 540 1,800 270 1,110 Total Assets $ 4,990 $ 2,860 $ 2,150 Current Liabilities Accounts Payable 1,300 760 510 110 50 Accrued Liabilities Total Current Liabilities $ 1,300 $ 870 $ 560 600 600 260 Bonds Payable $ 1,900 $ 1,470 $ 820 Total Liabilities Shareholders' Equity Common Shares Retained Earnings 2,300 790 960 960 430 370 Total Shareholders' Equity $ 3,090 $ 1,390 $ 1,330 Total Liabilities and Shareholders' Equity $ 4,990 $ 2,860 $ 2,150 On January 1, 2022, 300 additional shares of common stock were sold (share numbers in thousands). Hilroy 5000 150 ASSEMBLE AU CANADA AVEC DES MATIERES IMPORTEES 13223 157010 HP Laptop All-day power. Eye-catching design. AND AIN and entertahay M ctri USE YOUR SMARTPHONE FOR Routews Videos Features Spers Support The following are condensed financial statements of The Windy West Company for the three years ended December 31, 2020, 2021, 2022. The Windy West Company expanded their business in 2021-2022. The Windy West Company Comparative Balance Sheets December 31 (thousands of $) Current Assets Cash 2022 $ 450 Accounts Receivable $ 590 Less: Allowance for Doubtful Accounts 2021 2020 $ 50 $ 200 S 480 $ 240 50 540 20 460 240 Inventory Prepaid Expenses Total Current Assets 750 520 500 130 30 100 $ 1,870 $ 1,060 $ 1,040 Capital Assets Less: Accumulated Depreciation 4,050 2,340 1,380 930 3,120 540 1,800 270 1,110 Total Assets $ 4,990 $ 2,860 $ 2,150 enter shift HLON Current Liabilities Accounts Payable 1,300 760 510 Accrued Liabilities 110 50 Total Current Liabilities $ 1,300 $ 870 $ 560 Bonds Payable 600 600 260 Total Liabilities $ 1,900 $ 1,470 $ 820 Shareholders' Equity Common Shares Retained Earnings 2,300 790 960 960 430 370 Total Shareholders' Equity $ 3,090 $ 1,390 $ 1,330 Total Liabilities and Shareholders' Equity $ 4,990 $ 2,860 $ 2,150 On January 1, 2022, 300 additional shares of common stock were sold (share numbers in thousands). Sales Cost of Goods Sold The Windy West Company Comparative Income Statements For the Year Ended December 31 (thousands of $) 2022 2021 2020 $ 3,480 $ 2,000 $ 1,500 Beginning Inventory $ 520 $ 500 $ 400 Add: Purchases 2,090 1,270 880 $ 2,610 $ 1,770 $ 1,280 Less: Ending Inventory 750 520 500 Cost of Goods Sold 1,860 1,250 780 Gross Profit $ 1,620 $ 750 $ 720 Less: Selling and Administrative Expenses 720 500 300 Net Income from Operations $ 900 $ 250 $ 420 Interest Expense 60 60 Income Before Income Tax $ 840 $ 190 $ 420 Income Tax 80 30 90 Net income $ 760 $ 160 $ 330 Balance, January 1 Add: Net Income for the Year Less: Dividend Balance, December 31 The Windy West Company Comparative Statements of Retained Earnings For the Year Ended December 31 (thousands of $) 2022 2021 2020 $ 430 $ 370 $ 120 760 160 330 $ 1,190 $ 530 $ 450 400 100 80 $ 790 $ 430 $ 370 The following additional information is available: (all numbers in thousands) a. All sales are on credit; credit terms are net 60 days after invoice date. b. Number of shares of common stock were outstanding in 2020 (in thousands) Number of shares of common stock were outstanding in 2021 (in thousands) On January 2, 2022, 300 additional shares of common stock were sold (share numbers in thousands). c. Opening balance of accounts receivable on January 1, 2020 was 200 200 500 $ 190.00 d. Net capital assets for January 1, 2020, was $ 910.00 e. Total assets on January 1, 2020, was $ 1,650.00 f. Total shareholders' equity on January 1, 2020, was $ 1,010.00 g. In 2020, market price per share was h. In 2021, market price per share was i. In 2022, market price per share was $ 4.80 $ 4.00 $ 3.00 INDUSTRY AVERAGE Formula 2022 2021 2020 1 Current ratio 1.6:1 2 Acid-test ratio 1.1:1 Accounts receivable 3 16 times turnover Days' sales 4 21 days uncollected Merchandise 5 5 times turnover sheet with your calculations AND T mywest Company wise to expand operation tor INDUSTRY AVERAGE Formula 2022 2021 2020 b Days' sales in inventory 60 days 7 Total asset turnover 2.3 times 8 Debt ratio 35% 9 Equity ratio 65% 10 Times interest earned 50 times 11 Profit margin 20% 12 Gross profit ratio 18% 13 Return on total 20% assets INDUSTRY Formula AVERAGE 2022 2021 2020 Return on common 14 32.70% S/E equity Basic earnings per 15 $1.79 share 16 Price-earnings ratio 18.2 17 Dividend yield 13.50%