Perform a percentage change analysis. Joshua & White Technology: December 31 Percent Change Balance Sheet Assets...
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Perform a percentage change analysis. Joshua & White Technology: December 31 Percent Change Balance Sheet Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities & Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities & equity Percent Change in 2021 % % % % % % % % % % % % % % % % Joshua & White Technology: Percent Change Income Statement for Year Ending on December 31 Sales COGS excluding depreciation and amortization Depreciation and amortization Other operating expenses EBIT Interest expense EBT Taxes (25%) Net income Percent Change in 2021 % % % % % % What does this tell you about the change in profitability and asset utilization? The profitability has However, the extreme growth in | should be of great concern to J&W's managers. (Thousands of Dollars) Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities & Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities & equity Sales COGS excluding depreciation and amortization Depreciation and amortization. Other operating expenses EBIT Interest expense EBT Taxes (25%) Net income Common dividends Additions to retained earnings 2021 Other Data Year-end stock price Number of shares (Thousands) Lease payment (Thousands of Dollars) Sinking fund payment (Thousands of Dollars) $ 20,475 4,183 53,500 82,000 Joshua & White Technology: Income Statements for Year Ending on December 31 (Thousands of Dollars) $160,158 232,954 $393,112 $ 30,975 12,075 19,673 $ 62,723 68,514 $131,237 210,000 51,875 $261,875 $393,112 2021 $400,050 285,845 20,530 25,855 $67,820 5,840 $61,980 15,495 $ 46,485 $ 16,850 $ 29,635 2021 $82.00 5,054 $ 19,000 $4,000 2020 $ 19,500 2,940 50,000 57,500 $129,940 210,000 $339,940 $ 29,500 11,500 6,720 $ 47,720 59,980 $107,700 210,000 22,240 $232,240 $339,940 2020 $381,000 283,845 18,900 20,955 $ 57,300 4,560 $ 52,740 13,185 $ 39,555 $ 15,822 $ 23,733 2020 $88.00 5,000 $ 19,000 $4,000 Perform a percentage change analysis. Joshua & White Technology: December 31 Percent Change Balance Sheet Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities & Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities & equity Percent Change in 2021 % % % % % % % % % % % % % % % % Joshua & White Technology: Percent Change Income Statement for Year Ending on December 31 Sales COGS excluding depreciation and amortization Depreciation and amortization Other operating expenses EBIT Interest expense EBT Taxes (25%) Net income Percent Change in 2021 % % % % % % What does this tell you about the change in profitability and asset utilization? The profitability has However, the extreme growth in | should be of great concern to J&W's managers. (Thousands of Dollars) Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets Liabilities & Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities & equity Sales COGS excluding depreciation and amortization Depreciation and amortization. Other operating expenses EBIT Interest expense EBT Taxes (25%) Net income Common dividends Additions to retained earnings 2021 Other Data Year-end stock price Number of shares (Thousands) Lease payment (Thousands of Dollars) Sinking fund payment (Thousands of Dollars) $ 20,475 4,183 53,500 82,000 Joshua & White Technology: Income Statements for Year Ending on December 31 (Thousands of Dollars) $160,158 232,954 $393,112 $ 30,975 12,075 19,673 $ 62,723 68,514 $131,237 210,000 51,875 $261,875 $393,112 2021 $400,050 285,845 20,530 25,855 $67,820 5,840 $61,980 15,495 $ 46,485 $ 16,850 $ 29,635 2021 $82.00 5,054 $ 19,000 $4,000 2020 $ 19,500 2,940 50,000 57,500 $129,940 210,000 $339,940 $ 29,500 11,500 6,720 $ 47,720 59,980 $107,700 210,000 22,240 $232,240 $339,940 2020 $381,000 283,845 18,900 20,955 $ 57,300 4,560 $ 52,740 13,185 $ 39,555 $ 15,822 $ 23,733 2020 $88.00 5,000 $ 19,000 $4,000
Expert Answer:
Answer rating: 100% (QA)
To perform a percentage change analysis for Joshua White Technologys balance sheet and income statement we need to compare the values from 2021 to 202... View the full answer
Related Book For
Intermediate Financial Management
ISBN: 9780357516669
14th Edition
Authors: Eugene F Brigham, Phillip R Daves
Posted Date:
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