1: Horizontal Analysis Summary financial information for Rosepatch NV is as follows. Plant assets (net) Current...

 

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1: Horizontal Analysis Summary financial information for Rosepatch NV is as follows. Plant assets (net) Current assets Total assets December 31, 2020 December 31, 2019 €756,000 €420,000 234,000 180,000 €990,000 €600,000 Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. LO 1 2: Ratio Analysis The condensed financial statements of John Cully Group, for the years ended June 30, 20 20 and 2019 are presented below. Sales revenue Costs and expenses John Cully Group Income Statements For the Year Ended June 30 LO 2 Cost of goods sold Selling and administrative expenses Interest expense Total costs and expenses Income before income taxes Income tax expense Net income (in thousands) 2020 €6,336.3 1,617.4 4,007.6 13.9 5,638.9 697.4 291.3 €406.1 2019 €5,790.4 1,476.3 3,679.0 27.1 5,182.4 608.0 232.6 €375.4 2: Ratio Analysis Assets Intangibles and other assets Property, plant, and equipment (net ) Investments Current assets LO 2 John Cully Group Statements of Financial Position June 30 Prepaid expenses and other curr ent assets Inventory Accounts receivable (net) Cash Total assets 2020 €204.4 768.3 776.6 553.3 (in thousands) €876.7 694.2 12.3 2302.6 €3,885.8 €269.2 653.5 664.9 611.6 2019 €849.3 647.0 12.6 2,199.2 €3,708.1 2: Ratio Analysis LO 2 John Cully Group Statements of Financial Position June 30 Equity and Liabilities Shareholders' equity-ordinary Non-current liabilities Current liabilities Total equity and liabilities 2020 €1,708.6 679.5 1,497.7 €3,885.8 2019 €1,749.0 637.1 1,322.0 €3,708.1 2: Ratio Analysis Compute the following ratios for 2019. a. Current ratio b. Inventory turnover. (Inventory on 6/30/18 was €599.0). C. Profit margin. d. Return on assets. (Assets on 6/30/18 were €3,349.9.) Return on ordinary shareholders' equity. (Equity on 6/30/18 was €1,795.9.) e. LO 2 1: Horizontal Analysis Summary financial information for Rosepatch NV is as follows. Plant assets (net) Current assets Total assets December 31, 2020 December 31, 2019 €756,000 €420,000 234,000 180,000 €990,000 €600,000 Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. LO 1 2: Ratio Analysis The condensed financial statements of John Cully Group, for the years ended June 30, 20 20 and 2019 are presented below. Sales revenue Costs and expenses John Cully Group Income Statements For the Year Ended June 30 LO 2 Cost of goods sold Selling and administrative expenses Interest expense Total costs and expenses Income before income taxes Income tax expense Net income (in thousands) 2020 €6,336.3 1,617.4 4,007.6 13.9 5,638.9 697.4 291.3 €406.1 2019 €5,790.4 1,476.3 3,679.0 27.1 5,182.4 608.0 232.6 €375.4 2: Ratio Analysis Assets Intangibles and other assets Property, plant, and equipment (net ) Investments Current assets LO 2 John Cully Group Statements of Financial Position June 30 Prepaid expenses and other curr ent assets Inventory Accounts receivable (net) Cash Total assets 2020 €204.4 768.3 776.6 553.3 (in thousands) €876.7 694.2 12.3 2302.6 €3,885.8 €269.2 653.5 664.9 611.6 2019 €849.3 647.0 12.6 2,199.2 €3,708.1 2: Ratio Analysis LO 2 John Cully Group Statements of Financial Position June 30 Equity and Liabilities Shareholders' equity-ordinary Non-current liabilities Current liabilities Total equity and liabilities 2020 €1,708.6 679.5 1,497.7 €3,885.8 2019 €1,749.0 637.1 1,322.0 €3,708.1 2: Ratio Analysis Compute the following ratios for 2019. a. Current ratio b. Inventory turnover. (Inventory on 6/30/18 was €599.0). C. Profit margin. d. Return on assets. (Assets on 6/30/18 were €3,349.9.) Return on ordinary shareholders' equity. (Equity on 6/30/18 was €1,795.9.) e. LO 2

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Answer SOLUTIONS a b Inventory Turnover d Name of the Ratio e ... View the full answer