The balance sheets for Federer Sports Apparel for 2016 and 2015 are presented below Required: 1. Prepare
Question:
Required:
1. Prepare a vertical analysis of the balance sheet data for 2016 and 2015. Express each amount as a percentage of total assets.
2. Prepare a horizontal analysis for 2016 using 2015 as the baseyear.
Transcribed Image Text:
FEDERER SPORTS APPAREL Balance Sheets December 31 2016 2015 Assets Cash Accounts receivable Inventory Buildings Less: Accumulated depreciation 2,300,000 1,500,000 2,800,000 1,000,000 (2,000,000) $15,600,000 S 800,000 1,200,000 1,700,000 11,000,000 (1,000,000) $13,700,000 Total assets Liabilities and Stockholders' Equit Accounts payable Contingent liability Common stock Retained earnings $ 1,450,000 1,500,000 8,000,000 4,650,000 $15,600,000 S 1,700,000 8,000,000 4,000,000 S13,700,000 Total liabilities and stockholders' equity
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (24 reviews)
Requirement 1 Federer Sports Apparel Balance Sheet December 31 2016 2015 Assets Amount Amount Cash 2...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Question Posted:
Students also viewed these Managerial Accounting questions
-
The comparative balance sheets for Federer Sports Apparel are presented below. Required: 1. Prepare a vertical analysis of the balance sheet data for 2016 and 2015. Express each amount as a...
-
The income statement for Federer Sports Apparel for 2016 and 2015 is presented below. Required: Prepare a vertical analysis of the data for 2016 and 2015. FEDERER SPORTS APPAREL Income Statement For...
-
The income statements for Federer Sports Apparel for 2016 and 2015 are presented below. Required: Prepare a vertical analysis of the data for 2016 and2015. FEDERER SPORTS APPAREL Income Statements...
-
Natalie Warren is a single woman in her late 20s. She is renting an apartment in the fashionable part of town for $1,300 a month. After much thought, she's seriously considering buying a condominium...
-
What are some barriers to entry that may prevent potential competitors from entering a market?
-
The current-carrying wire loop in Fig. lies all in one plane and consists of a semicircle of radius 10.0 cm, a smaller semicircle with the same center, and two radial lengths. The smaller semicircle...
-
The velocity spectrum below is due to EDM damage. There are multiple sidebands in the spectrum that are usually separated by what frequency? D+ 300 R$ Pask 151 100 10202011201 Line
-
The following is a list of items for the 2010 statement of cash flows of the Witts Company: 1. Receipt from sale of equipment, $2,700 2. Increase in inventory, $3,900 3. Net income, $13,500 4....
-
1. Write the title of the case and the bibliographic record 2. Mention the parties involved in the case, duly identified as plaintiffs or defendants, etc. 3. What is the main controversy that arises...
-
The propeller in Prob. 9.1 is replaced with a six-blade turbine 400 mm in diameter, and the fluid to be agitated is a pseudoplastic power law liquid having an apparent viscosity of 15 P when the...
-
Refer to the information provided in E122. In E122, The income statements for Federer Sports Apparel for 2016 and 2015 are presented below. Required: Prepare a horizontal analysis for 2016 using 2015...
-
The 2015 income statement of Adrian Express reports sales of $19,310,000, cost of goods sold of $12,250,000, and net income of $1,700,000. Balance sheet information is provided in the following...
-
What is a Bermudan option?
-
Develop a version of PlayThatTune that can handle songs with chords (including harmonics). Develop an input format that allows you to specify different durations for each chord and different...
-
Assemble code fragments in this section and in SECTION 1.4 to develop a program that takes an integer command-line argument n and prints n five-card hands, separated by blank lines, drawn from a...
-
What levels of visibility may be assigned to an attribute or an operation?
-
Write a static method histogram() that takes an int array a[] and an integer m as arguments and returns an array of length m whose ith element is the number of times the integer i appeared in a[]....
-
What are the advantages of using the Composite pattern?
-
The beryllium mineral beryl is made up of 5.03% by mass Be, 10.04% by mass Al, 31.35% by mass Si, and 53.58% by mass O. If the molar mass is approximately 538 g/mol, what is the molecular formula for...
-
Which of the following is NOT a magnetic dipole when viewed from far away? a) A permanent bar magnet. b) Several circular loops of wire closely stacked together with the same current running in each...
-
The Trump administration tariffs Use a search engine to find material on the Trump administration tariffs' impact on the economy. What do economists say about them? You will learn something even by...
-
A recent balance sheet of Royal Dutch Shell, a huge oil and gas company that prepares financial statements using IFRS, reported the following dollar amounts (in millions) Non-current assets $154,073...
-
Listed below are eight transactions. In each case, identify whether the transaction is an example of financing, investing, or operating activities and which of the financial statements it would...
-
Listed below are eight transactions. In each case, identify whether the transaction is an example of financing, investing, or operating activities and which of the financial statements it would...
-
Should an MNC purchase Nestl stock yes or no? Recommendations should include the company's sustainability plans, the image of the company, Gordon Growth result, and financial performance. Any...
-
Can the sponsor, or general partner, continue to achieve such high returns? Framed another way, can the general partner earn a 25+% return on the $6,305,000 received at the end of the 10th year? If...
-
Select a hospital that publicly displays their financial performance on their website. Describe the Profit Loss Statement: Review top revenue items Review cost comparison compared to previous year...
Study smarter with the SolutionInn App