ItemPrior yearCurrent yearAccounts payable8,109.007,758.00Accounts receivable6,059.006,782.00Accruals1,036.001,609.00Cash??????Common Stock11,891.0011,189.00COGS12,683.0018,018.00Current portion long-term debt4,980.004,993.00Depreciation expense2,5002,813.00Interest expense733417Inventories4,192.004,777.00Long-term debt13,329.0013,523.00Net fixed assets50,636.0054,376.00Notes payable4,329.009,999.00Operating expenses (excl. depr.)13,97718,172Retained earnings28,278.0029,801.00Sales35,11947,221.00Taxes2,0842,775What is the firm's total change in cash from the prior year to the current year?

Cash refers to the current asset that comprises currency that is used to buy goods and services in…

Answered: Item Prior year Current year Accounts…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 11MCQ

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Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 % % % % % % Year 2 % % % % % % Year 3 % % % % % % Year 4 % % % % % Year 5 % % % % %
What should be the balances on the revaluation surplus and retained earnings after the restatement in accordance with PAS 29? Revaluation surplus – 100; Retained earnings – 400 Revaluation surplus – 350; Retained earnings – 150 Revaluation surplus – 500; Retained earnings – Zero Revaluation surplus – Zero; Retained earnings – 500
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Definitional problems: Listed are 11 terms that relate to ratio analysis:1. Book value per share2.Inventoryturnover3. Debt-to-equity ratio4. Average collection period5. Average sales period6. Return on common equity7. Earnings per share8. Price/earnings ratio9. Return on total assets10. Current ratio11. Accounts-receivable turnoverChoose the financial ratio or term from the list that most appropriately completes each of the following statements:1. The__________ tends to have an effect on the market price per share asreflected in the price/earnings ratio.2. The__________ indicates whether a stock is relatively cheap or relativelyexpensive in relation to current earnings. 3. The________ measures the amount that would be distributed to holders of common stock if all assets were sold at their balance-sheet carrying amount and if all creditors were paid off.4. The_____________ is a rough measure of how many times a company'saccounts…

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Item	Prior year	Current year
Accounts payable	8,109.00	7,758.00
Accounts receivable	6,059.00	6,782.00
Accruals	1,036.00	1,609.00
Cash	???	???
Common Stock	11,891.00	11,189.00
COGS	12,683.00	18,018.00
Current portion long-term debt	4,980.00	4,993.00
Depreciation expense	2,500	2,813.00
Interest expense	733	417
Inventories	4,192.00	4,777.00
Long-term debt	13,329.00	13,523.00
Net fixed assets	50,636.00	54,376.00
Notes payable	4,329.00	9,999.00
Operating expenses (excl. depr.)	13,977	18,172
Retained earnings	28,278.00	29,801.00
Sales	35,119	47,221.00
Taxes	2,084	2,775