With the following account information, complete the income stateme Time left 1:14:40 sheet for 2022 and...

 

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With the following account information, complete the income stateme Time left 1:14:40 sheet for 2022 and 2021. Once you have completed your statements, complete a vertical and horizontal analysis for each year. Below the statements is a list of ratios, please complete 4 ratios. Once you have completed all calculations, complete an analysis on the financial position of the company. There are no competitors or industry values, you need to use what is infront of you. Provide 4 points. REMEMBER, SO WHAT? WHY IS THIS IMPORTANT? WHAT DOES IT MEAN FOR THE COMPANY? 2022 2021 Sales 455,000 380,000 Cash and Cash 18,000 25,000 Equivalents Equipment 175,000 125,000 Repairs and 6,000 5,000 Maintenance Short-term 35,000 30,000 investments Operating line 15,000 10,000 of credit Building 200,000 200,000 Preferred 5,000 5,000 shares Miscellaneous 2,000 1,500 ccounts 17,000 4,000 ceivable Bond payable 190,000 165,000 >12 months With the following account information, complete the income stateme Time left 1:14:40 sheet for 2022 and 2021. Once you have completed your statements, complete a vertical and horizontal analysis for each year. Below the statements is a list of ratios, please complete 4 ratios. Once you have completed all calculations, complete an analysis on the financial position of the company. There are no competitors or industry values, you need to use what is infront of you. Provide 4 points. REMEMBER, SO WHAT? WHY IS THIS IMPORTANT? WHAT DOES IT MEAN FOR THE COMPANY? 2022 2021 Sales 455,000 380,000 Cash and Cash 18,000 25,000 Equivalents Equipment 175,000 125,000 Repairs and 6,000 5,000 Maintenance Short-term 35,000 30,000 investments Operating line 15,000 10,000 of credit Building 200,000 200,000 Preferred 5,000 5,000 shares Miscellaneous 2,000 1,500 ccounts 17,000 4,000 ceivable Bond payable 190,000 165,000 >12 months

Answer rating: 100% (QA)

To complete the income statement for 2022 and 2021 we need additional information such as cost of goods sold operating expenses interest expenses and taxes Without this information its not possible to ... View the full answer