Please do not give solution in image format thanku Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2019 is the base year. (Round answers to 1decimal place, e.g. 5.2%.)CashAccounts receivableInventoryProperty, plant, and equipment2021%%%%2020%%%%2019 Selected data from the comparative statements of financial position of Roger Ltd. are shown below:CashAccounts receivableInventoryProperty, plant, and equipmentIntangible assetsTotal assets2021$150,000603,000772,0003,141,00088,000$4,754,0002020$174,000399,000605,0002,807,000100,000$4,085,0002019$76,000446,000693,0002,847,0000$4,062,000

Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2019 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) Cash Accounts receivable. Inventory. Property, plant, and equipment, 2021 % % % % 2020 % % % % 2019

Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2019 is the base year. (Round answers to 1 decimal place, e.g. 5.2%.) Cash Accounts receivable. Inventory. Property, plant, and equipment, 2021 % % % % 2020 % % % % 2019

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 29BE

See similar textbooks

Related questions

Q: Sheridan Co. is considering the introduction of three new products. Per unit sales and cost…

A: The contribution margin per unit is calculated as difference between selling price and variable cost…

Q: How does the adjustment for depreciation differ from other deferral adjustments? Multiple Choice…

A: This question pertains to the accounting concept of adjusting entries, which are made at the end of…

Q: Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing…

A: For the decision making process, we need to consider the relevant cost for a decision. variable…

Q: Whirly Corporation's contribution format income statement for the most recent month is shown below:…

A: The contribution margin is calculated as difference between sales and variable costs. The operating…

Q: Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for…

A: Loans are paid by monthly payment and these monthly payments carry the payment of loan and also…

Q: Pharoah Company manufactures bowling balls through two processes: Molding and Packaging. In the…

A: To calculate the equivalent units of production for materials and conversion costs, we need to…

Q: On January 1, 2021, Sweedle Company issues 6,000 shares of restricted stock to its CEO and 4,000…

A: The restricted stock units (RSU) are the stock issued by the company in the form of compensation to…

Q: Manny, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. In…

A: The taxpayer pays taxes on the income earned. The taxable income is computed after providing…

Q: Interview Notes Chloe, age 48, divorced her husband in 2017. • Chloe's 4 year old grandson, Marcus,…

A: The child tax credit is a tax benefit provided to eligible taxpayers who have qualifying children.…

Q: Panagra, Inc. is a manufacturer of digital cameras. It has two departments: assembly and testing. In…

A: The journal entries are prepared to record the transactions on regular basis. The direct Costs…

Q: Gloria Hernandez is the controller of a public company. She just completed a meeting with her…

A: In this Case, Gloria Hernandez, the controller of a public company, is faced with a decision that…

Q: What is the impact of cash and cash equivalents on a company's liquidity and solvency ratios?

A: Cash and cash equivalents refer to assets that are readily convertible into cash and have a high…

Q: Navigator sells GPS trackers for $60 each. It expects sales of 5,200 units In quarter 1 and a 5%…

A: Sales price per unit = $60 Sales units Quarter 1 = 5,200 Quarter 2 = Quarter 1 * 105% Quarter 3…

Q: ! Required information Problem 8-59 (LO 8-2) (Algo) [The following information applies to the…

A: Tentative minimum tax refers to an amount that is paid by an individual as an estate tax after…

Q: Willow Products expects the following sales of its single product: March April May June July Units…

A: Production budget is budget which estimates the number of units which the company must produce or…

Q: Hannah Ortega is considering expanding her business. She plans to hire a salesperson to cover trade…

A: COST ALLOCATION When item of cost are Identifiable directly with some products or departments such…

Q: Required information [The following information applies to the questions displayed below] Alquist…

A: Conventional retail method is one of the method used for estimating inventory. Under this, cost to…

Q: Hoffman company is considering a project that would have a five-year life and require a $3,200,000…

A: The time value of money refers to the money present today being more valuable than the amount will…

Q: Required information Problem 6-10 (Algo) Long-term contract; revenue recognition over time [LO6-8,…

A: A construction contract is a long-term contract because the construction work generally takes more…

Q: The Gourmand Cooking School runs short cooking courses at its small campus. Management its budgeting…

A: The flexible budget report is prepared to compare the actual and standard costs of production. The…

Q: Henrich is a single taxpayer. In 2022

A: Taxable income refers to the sum value of money earned by a taxpayer that is subject to a compulsory…

Q: A manufacturer is developing a new board game geared towards children. To be competitive with other…

A: Here the question is asked to calculate targeted contribution margin on the product. Targeted…

Q: Production budget Healthy Habits Inc. produces a Bath version and a Gym version of its popular…

A: Lets understand the basics. Budget is an estimation of future profit and loss from the business.…

Q: The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2022. The…

A: Depreciation is an accounting technique for distributing a tangible or fixed asset's cost over its…

Q: Navigator sells GPS trackers for $60 each. It expects sales of 5,200 units in quarter 1 and a 5%…

A: SALES BUDGET Sales Budget is the quantitative & Financial statement of Sales, Prepared prior to…

Q: Consider the following two situations: Situation 1: At December 31, 2023, no formal revaluation is…

A: IAS 16 talks about the accounting treatment for Property, Plant & Equipment. at the inception or…

Q: Kingbird Manufacturing purchased a machine on January 1, 2023 for use in its factory. Kingbird paid…

A: The Capital Cost Allowance (CCA) method is a system used in Canada to calculate the tax-deductible…

Q: Minnetonka Company leases an asset. Information regarding the lease: Fair value of the asset:…

A: Introduction:- Leasing is an agreement between parties in which the right to use the asset is…

Q: Seattle Adventures, Incorporated, is trying to decide between the following two alternatives to…

A: Earnings per share (EPS) is a measure of a company's profitability, calculated by dividing quarterly…

Q: Barefoot Industrial acquired a new delivery truck at the beginning of its current fiscal year. The…

A: DEPRECIATION EXPENSE Depreciation means gradual decrease in the value of an asset due to normal wear…

Q: Westerville Company reported the following results from last year's operations: Sales Variable…

A: MARGINAL COSTING INCOME STATEMENT Marginal Costing Income Statement is One of the Important Cost…

Q: The following information is from Bluff Run Golf Courses. The company runs three courses and the…

A: Vertical analysis - is one of the types of analysis of financial statements where each item of…

Q: On January 1, Year 1, Ginger, an individual, paid $25,000 for 6 percent of the stock in Root Corp.,…

A: Taxable income refers to the base upon which an income tax system imposes tax. In other words, the…

Q: Spree Party Lights overhead expenses are: Indirect material, pounds per unit Indirect material, cost…

A: VARIABLE COST Variable Cost is a cost that varies with the level of output. variable costs include…

Q: Kenny is an Australian resident adult individual who is a professional footballer and employee of an…

A: Assessable income is a term used in taxation and refers to the total income an individual or entity…

Q: How much of his share of the loss can Carrot deduct on his Year 1 return? Compute Carrot’s basis in…

A: As an S corporation shareholder, Carrot is allowed to deduct his share of the company's losses on…

Q: In this exercise you purchase machines for $500 and resell them for $1000. Business Transactions…

A: Every business transaction has the effect over either on the income statement or on the balance…

Q: Sushi Corporation bought a machine at the beginning of the year at a cost of $20,500. The estimated…

A: Depreciation is a non-cash expense which is charged on the fixed or non-current assets to report the…

Q: Flexible Budget for Varying Levels of Activity Nashler Company has the following budgeted variable…

A: The revenue and spending variance is calculated as difference between actual results and flexible…

Q: Discuss the impact of globalization on financial reporting, including the challenges and…

A: Globalization has brought significant changes to financial reporting, as companies operate in a more…

Q: What are standard costs and why do companies use standard costs? Discuss the difference between…

A: STANDARD COST:- Standard cost refers to the estimated cost of producing a product or providing a…

Q: A Hoover we(t)/( d)ry vacuum cleaner was bought for $600 and sold for $630. State the rate of profit…

A: RATE OF PROFIT Rate of Profit is the Ratio between Profit Earned & Cost of Production. Rate…

Q: Risk in capital budgeting implies that the decision maker knows _ of the cash flows. A. Variability…

A: The process of assessing and choosing long-term investment projects or assets that are anticipated…

Q: Vail is one of the largest ski resorts in the United States. Suppose that on October 1, 2024, Vail…

A: Journal entries are the primary reporting of the business transactions in the books of accounts.…

Q: During the period, Sanchez Company sold some excess equipment at a loss. The following information…

A: Sale of Equipment - The sale of equipment is not an ordinary transaction of the business. These will…

Q: Gupta Company manufactures miniature speakers that are built into the headrests of high-end lounge…

A: Activity-based costing (ABC) is an accounting method that assigns costs to products or services…

Q: Problem 2 The TASK Company sells Product A for P60 each. Variable costs are P36 per unit. Fixed…

A: The Cost-Volume-Profit (CVP) Analysis is a managerial accounting tool. It helps in determining the…

Q: The management of Rocko's Pizzeria is considering a special promotion for the last two weeks of May,…

A: Contribution margin is the amount of revenue left over after all variable costs have been deducted…

Q: The budgeted variable MOH rate at Tamarisk Corp. is $5.40/machine hour, where every unit requires 3…

A: MOH means manufacturing overhead costs. It means all type of indirect costs and expenses being…

Q: IP Corporation (calendar year-end) has 2022

A: MACRS stands for Modified Accelerated Cost Recovery System. This is used to calculate depreciation…

Question

Please do not give solution in image format thanku

Using horizontal analysis, calculate the percentage of a base-year amount, assuming 2019 is the base year. (Round answers to 1
decimal place, e.g. 5.2%.)
Cash
Accounts receivable
Inventory
Property, plant, and equipment
2021
%
%
%
%
2020
%
%
%
%
2019

Selected data from the comparative statements of financial position of Roger Ltd. are shown below:
Cash
Accounts receivable
Inventory
Property, plant, and equipment
Intangible assets
Total assets
2021
$150,000
603,000
772,000
3,141,000
88,000
$4,754,000
2020
$174,000
399,000
605,000
2,807,000
100,000
$4,085,000
2019
$76,000
446,000
693,000
2,847,000
0
$4,062,000

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Horizontal analysis

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Common-size Balance Sheet. Explain what it is and why it is used inbusiness. Prepare common-size balance sheet for Target with the infoprovided below. Assets CashAccounts receivableInventoryOther current assetsTotal current assetsGross plant and equipmentAccumulated depreciationNet plant and equipmentLong-term investmentsGoodwill, trademarks, andother intangible assetsTotal assets $ Dec 31, 2022$20,2684,8733.2772,886$31,304$25,032-10,065$14,96711,512 32,272 $90,055
For the company 'ODK Emporiki' the following is given its Balance Sheet and Income Statement : Assets Plots Buildings Machinery Stocks Customers Cash and cash equivalents Total assets Liability Chapter Reserves Balance sheet Long-term loans Suppliers Accounts payable Total Liabilities Profit and loss statement Net sales Cost of Sales Gross Profit Administrative expenses Disposal costs Other costs and losses Net profit 150.000 320.000 120.000 95.000 75.000 60.000 820.000 300.000 135.000 210.000 145.000 30.000 820.000 875.000 650.000 225.000 45.000 85.000 30.000 65.000 Requested: 1. The common size analysis (vertical analysis) for the above financial statements (balance sheet, income statement) of the company 'ODK Commercial'. 2. If the gross profit margin is 15% and the general liquidity is3% of the sector where the company 'ODK Emporiki' belongs, calculate and comment on the corresponding ratios of the company in relation to those of the sector. Can there be an interaction between…
O A https://prod.reader-ui.prod.mheducation.com/epub/sn_710f1/data-uuid-be8dbaUcb8ea w -> Aa く > 三 P20-2 Cash flow statement under indirect method (L LO 20-1, L LO 20-2, LO 20-3, E LO 20-4) The Barden Corporation's comparative balance sheets for 20X1 and 20X0 are presented below. Barden Corporation Table Summary: Row 1 is a header and spans columns 2 and 3. Rows 3, 12, and 17 are subheaders and contain data only in column 1. Balance Sheets December 31, Increase (Decrease) Assets Cash $ 337,000 $246,000 Accounts receivable, net 420,000 280,000 140,000 Marketable securities 0000 -0- Inventories Land 650,000 250,000 Plant and equipment 1,160,000 1,266,000 (106,000) Less: Accumulated depreciation (200,000) Total assets $2,922,000 $2,432,000 $ 490,000 Liabilities and Stockholders' Equity Liabilities: Accounts payable 000 099 $ $ 500,000 $160,000 Accrued wages 520,000 Long-term bonds (due 7/1/20X8) 260,000 360,000 Total liabilities 1,460,000 1,380,000 80,000 Stockholders' equity: Common…
Use the following information from Isthmus Companys financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018.
Use the following information from Acorn Companys financial statements to determine operating net cash flows (indirect method).
The comparative balance sheet of Coulson, Inc. at December 31, 20Y2 and 20Y1, is as follows: The noncurrent asset, noncurrent liability, and stockholders equity accounts for 20Y2 are as follows: Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.
Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventories Other Total current assets Property and equipment: Land Building and equipment (net) Total long-term assets Total assets 1. Calculate the average total assets. 20X1 20X2 $2,875,000 $2,580,000 800,000 700,000 939,776 690,000 490,000 260,000 93,000 74,261 $5,197,776 $4,304,261 $1,575,000 $1,067,315 1,348,800 1,150,000 $2,923,800 $2,217,315 $8,121,576 $6,521,576
The following selected information pertains to Brock Company:Cash balance, January 1, 20x1 P130,000Accounts receivable, January 1, 20x1 190,000Collections from customers in 20x1 2,100,000Capital account balance, January 1, 20x1 380,000Total assets, January 1, 20x1 750,000Additional cash investment, July 1, 20x1 50,000Total assets, December 31, 20x1 1,010,000Cash balance, December 31, 20x1 200,000Accounts receivable, December 31, 20x1 360,000Withdrawals made during 20x1 110,000Total liabilities, December 31, 20x1 410,0007. Net income for the year ended December 31, 20x1
STATEMENT OF CASH FLOWS An entity presented the following comparative financial information: 2018 2017 Property, plant and equipment 2,190,000 1,440,000 Accumulated depreciation 450,000 270,000 Long-term investments 225,000 - Prepaid expenses 351,000 315,000 Merchandise inventory 1,950,000 1,260,000 Accounts receivable, net of allowance 1,560,000 1,080,000 Cash 690,000 640,000 Share capital-ordinary 3,000,000 2,400,000 Retained earnings 906,000 688,000 Long-term note payable 1,275,000 1,095,000 Accounts payable 309,000 282,000 Dividend payable 201,000 - Accrued expenses 825,000 - 2018 2017 Net credit sales 7,020,000 3,753,000…
Use the information provided below to prepare the Cash Flow Statement of Alto Limited for the year ended 31 December 2022. INFORMATION The following amounts were obtained from the Statement of Comprehensive Income for the year ended 31 December 2022 and Statement of Financial Position of Alto Limited as at 31 December 2022 and 31 December 2021: Sales Cost of sales Depreciation Operating profit Interest expense Company tax for the year Property, plant and equipment (carrying value) Long-term investments Inventories Accounts receivable Prepaid expenses Cash and cash equivalents Ordinary share capital (All shares issued at R10 each) Retained earnings Non-current liabilities Accounts payable Accrued expenses Dividends payable Company tax payable 31 Dec 2022 R 11 000 000 6 500 000 750 000 1 650 000 450 000 400 000 6 250 000 350 000 2 150 000 1 700 000 200 000 500 000 3 100 000 3 000 000 3 600 000 1 100 000 100 000 200 000 50 000 31 Dec 2021 R Note: ■ Dividends paid and recommended during…
From the following income statement and the balance sheets, prepare a funds-flow statement: The Income Statement for the year ended 31 December 2018 shows: Amount(2) Amount(2) 15,000.00 Profit before depreciation Less: Depreciation Taxation 5,000.00 5,000.00 Dividend Transfer to reserves Balance of profit and Loss(P/L)A/e The Balance Sheet as on 31 December, 2017 and 31 December, 2018 is as follows: | Liabilitios 500.00 3,500.00 14,000.00 1,000.00 As on As on Assets As on As on 31/12/2017 31/12/2018 31/12/2017 31/12/2018 Share capital Reserves Fixed Assets 40,000.00 42,000.00 15,000.00 18,5000.00 Current Assets: P&L A/e 1,000.00 Stodk 10,000.00 15,000.00 Secured Loans 9,000.00 14,000.00 Debtors 15,000.00 21,000.00 Current Liabilities and 18,500.00 19,000.00 provisions Total Cash 2,500.00 4,000.00 67,500.00 82,500.00 67.500.00 82,500.00
Using the above data, calculate the operating-cash-flow-to-current-liabilities ratio for Los Altos, Inc. (Round to two decimals.) Activity reported by Los Altos, Inc.Cash flow from operating activities$1,500,000 Capital expenditures850,000 Current liabilities, beginning of year300,000 Current liabilities, end of year360,000