Question: Please help me fill in these charts. Riverside Sweets, a retail candy store chain, reported the following figures: RIVERSIDE SWEETS Additional financial information: a .

Please help me fill in these charts. Riverside Sweets, a retail candy store chain, reported the following figures:
RIVERSIDE SWEETS
Additional financial information:
a.75% of net sales are on account.
b. Market price of stock is $36 per share on June 30,2024
c. Annual dividend for 2024 was $1.50 per share.
d. All short-term investments are cash equivalents.
Perform a horizontal analysis on the balance sheets for 2023 and 2024.
(Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong. All values should be added as positive numbers.)
RIVERSIDE SWEETS
RIVERSIDE SWEETS Balance Sheet June 30,2023 and 2024 Increa ecrease)20242023 Amount Percentage Assets Current Assets: Cash $ 125,000 $ 119,000 Short-term Investments 685,000650,000 Accounts Receivable 225,000198,000 Merchandise Inventory 65,00070,000 Other Current Assets 195,000191,000 Total Current Assets 1,295,0001,228,000 Property, Plant, and Equipment 875,000832,000 Total Assets $ 2,170,000 $ 2,060,000 Liabilities Current Liabilities: Accounts Payable $ 265,000 $ 251,750 Accrued Liabilities 641,000725,523 Total Current Liabilities 906,000977,273 Long-term Liabilities Bonds Payable 250,000150,000 Mortgage Payable 150,000175,000 Total Long-term Liabilities 400,000325,000 Total Liabilities 1,306,0001,302,273 Stockholders' Equity Common Stock, $1 par, 225,000 shares issued and outstanding 225,000225,000 Paid-In Capital in Excess of Par 58,00058,000 Retained Earnings 581,000474,727 Total Stockholders' Equity 864,000757,727 Total Liabilities and Stockholders' Equity $ 2,170,000 $ 2,060,000
HINTS
For cell references, begin the formula with an equals sign (=), use the balance in this worksheet for your calculations, and press the enter key.
Perform a vertical analysis on the income statement.
(Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong. All values should be added as positive numbers.)
HINTS
For cell references, begin the formula with an equals sign (=), use the income statement in this worksheet for your calculations, and press the enter key.
Compute the following ratios. Do not round your calculations.
(Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong. All values should be added as positive numbers.)
Working Capital
Current Ratio
Acid-Test (Quick) Ratio
Cash Ratio
Accounts Receivable Turnover
Days' Sales in Receivables
Inventory Turnover
Days' Sales in Inventory
Gross Profit Percentage
Debt Ratio
Debt to Equity Ratio
Times-Interest-Earned Ratio
Profit Margin Ratio
Rate of Return on Total Assets
Asset Turnover Ratio
Rate of Return on Common Stockholders' Equity
Earnings per Share (EPS)
Price/Earnings Ratio
Dividend Yield
Dividend Payout
HINTS
Cell | Hint:
C5| Begin the formula with an equals sign (=), use the balance in the horizontal analysis worksheet for your calculations, and press the enter key.
C7| Use the function =SUM() to calculate the numerator.
C9|=(0.75*'Vertical Analysis'!C8)/(('Horizontal Analysis'!C14+'Horizontal Analysis'!D14)/2)
C10| Assume 365 days in a year and use the correct ratio in this worksheet for your calculations.
Please help me fill in these charts. Riverside

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!