intermediate numbers used in various ratios.Big Apple EnterprisesASSETSCashAccounts ReceivableInventoryCurrent AssetsOther Non-current AssetsNet Fixed AssetsTOTAL ASSETSLIABILITIESCurrent LiabilitiesDebtEquityTOTAL LIABILITIES & EQUITYINCOME STATEMENTRevenueCost of Goods Sold (COGS)Gross ProfitSG&AOperating Profit (EBIT)Interest ExpenseEarnings Before Taxes (EBT)TaxesNet Income After Tax (NIAT)Other InformationTax RateShares OutstandingDividends paidShare Price202020204,50021,0007,50010,50018,50062,00020,00022,00012,00028,00020,000 30,0002,8002021Yr 2021125,000 155,00085,000110,000202030%6,50021,5008,00020,000 29,0002,0003,0008,00026,00070,000$8.003,450Yr 202130%3,5002,300$7.00Balance Sheet &Income StatYr 20212020100.00%100.00%100.00%100.00%100.00%100.00% A) Calculate the total Current Assets, Total Assets, Total Liabilities and Equity, Gross profit, Operating Profit, Earning before Taxes, Taxes and NetIncome after Tax on the Balance Sheet and Income statement below (rows highlighted in yellow)B) Calculate the percentage of each line item under Assets to the Total Assets, each line item under Liabilities and Equity to the total Liabilities andEquity, and Cost of Goods Sold, SG&A and Interest Expense to Revenue (blue boxes)

The common-sized financial statements are statements where the items are represented in the form of…

A) Calculate the total Current Assets, Total Assets, Total Liabilities and Equity, Gross profit, Operating Profit, Earning before Taxes, Taxes and Net Income after Tax on the Balance Sheet and Income statement below (rows highlighted in yellow) B) Calculate the percentage of each line item under Assets to the Total Assets, each line item under Liabilities and Equity to the total Liabilities and Equity, and Cost of Goods Sold, SG&A and Interest Expense to Revenue (blue boxes)

A) Calculate the total Current Assets, Total Assets, Total Liabilities and Equity, Gross profit, Operating Profit, Earning before Taxes, Taxes and Net Income after Tax on the Balance Sheet and Income statement below (rows highlighted in yellow) B) Calculate the percentage of each line item under Assets to the Total Assets, each line item under Liabilities and Equity to the total Liabilities and Equity, and Cost of Goods Sold, SG&A and Interest Expense to Revenue (blue boxes)

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 32MCQ

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