Vision, Inc.s comparative balance sheets follow. Prepare common-size statements and comment on the changes from 2013 to
Question:
Transcribed Image Text:
Vision, Inc. Comparative Balance Sheets December 31,2014 and 2013 2014 2013 Assets Current assets Property, plant, and equipment (net) Total assets S 48,000 260,000 $308,000 40,000 200,000 $240,000 Liabilities and Stockholders Equity Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 36,000 180,000 92,000 $308,000 44,000 120,000 76,000 $240,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Vision Inc CommonSizeBalance Sheets December 31 2014 and 2013 Assets ...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
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Question Posted:
Students also viewed these Managerial Accounting questions
-
The 2014 and 2013 comparative balance sheets and 2014 income statement of Sudan Medical Supply Corp. Follow: Sudan Medical Supply had no noncash investing and financing transactions during 2014....
-
Yadier Corporation s comparative balance sheets are presented below Yadier Corporation Balance Sheets December 31 2014 2013 Cash 4 620 3 990 Accounts receivable22 16023 550 Inventory10 1406 740...
-
Evaluate and comment on the following questions, taken from several questionnaires: a. A university computer center survey on SPSS usage: How often do you use SPSS statistical software? Please check...
-
Determine the number of valence electrons for each of thefollowing four elements. Part A Ga _______ Express your answer as an integer. Part B Pb ________ Express your answer as an integer. Part C Cl...
-
Partly because of our addiction to fast food, the average American consumes 32.7 pounds of cheese, 14.0 pounds of ice cream, and drinks 48.8 gallons of soda each year, according to the 2010...
-
Why is it important to disaggregate RNOA into operating profit margin (NOPM) and net operating assets turnover (NOAT)?
-
In the endless endeavor to make electronic devices as small as possible, you have been hired to make a capacitor that has the greatest capacitance possible in a cubic volume of \((10 \mathrm{~mm})...
-
1. What evidence was presented in this case that the staff members from different units at Tymco might have become better acquainted. 2. What should Maria do next to improve the chances that the home...
-
What two different types of firmware may be used on motherboards? a. POST b. UEFI c. CMOS d. BIOS
-
A bus company is responsible for offering public transportation in the suburbs of a large metropolitan area. The company has significant data management requirements: It needs to keep track of its...
-
Vision, Inc.s comparative income statements follow. Compute the amount and percentage changes for the income statements, and comment on the changes from 2013 to 2014. (Round the percentage changes to...
-
Using the information for Vision, Inc., in SE4 and SE5, compute the current ratio, quick ratio, receivables turnover, days sales uncollected, inventory turnover, days inventory on hand, payables...
-
What was the Industrial Revolution?
-
Suppose that a single firm is a monopolist in a market with the demand function P=200-20. The monopolist has total fixed cost of TFC = 100 and total variable cost of TVC= 200. The monopolist charges...
-
1. Describe the similarities and differences between entrepreneurial firms and large firms in terms of their job creation and innovation. 2. What characteristics make an industry attractive to...
-
You manage a two-product firm. The production technology requires a mixture of capital and labor to produce each product. Capital is shared, while labor is specific to each of the two products. For...
-
Write the net ionic equation for the equilibrium that is established when ammonium iodide is dissolved in water. (Use H3O+ instead of H+. It is not necessary to include states such as (aq) or (!).) +...
-
In 2018, Gig Harbor Heavy Metal, Inc. announced an after tax profit of $587,990. In 2019, it announced an after tax profit of $571,222. What is the percent change in after tax profits from 2018 to...
-
Balance each redox reaction occurring in basic aqueous solution. a. HO(aq) + ClO(aq) CIO (aq) + O(g) b. Al(s) + MnO4 (aq) MnO(s) + Al(OH)4 (aq) c. Cl(g) Cl(aq) + CIO (aq)
-
Identify the Critical Infrastructure Physical Protection System Plan.
-
What factors should you consider when selecting a medium to communicate bad news?
-
The following accounts and normal balances existed at year-end. Make the four journal entries required to close the books: Retained earnings Dividends Fees earned revenue Selling expenses...
-
What would happen if the company failed to make closing entries at the end of the year?
-
If a journal entry includes a debit or credit to the Retained Earnings account, it is most likely which of the following? A. A closing entry B. An adjusting entry C. An ordinary transaction entry D....
-
Describe Japan in terms of abundance and scarcity of factors of production in broad terms as well as in terms of, for example, types of skills of the labor force. Relate the description of these...
-
Draw a correctly labeled short-run aggregate demand and supply graph showing the equilibrium real GDP and price level, labeled Y, and P1. a. Show the effect of depreciation of the domestic currency..
-
Why has the Treasury and the FED sold bonds in the past if not to borrow? Why does Kelton say that this is no longer relevant?
Study smarter with the SolutionInn App