Constructing Financial Statements from Account Data Barth Company reports the following year-end account balances at December 31, 2011. Prepare the 2011 income statement and the balance sheet as of December 31, 2011. Accounts payable $ 4,000 Inventory $ 9,000 Accounts receivable 7,500 Land 20,000 Bonds payable, long-term 50,000 Goodwill 2,000 Buildings 37,750 Retained earnings 15,000 Cash 12,000 Sales revenue 100,000 Common stock 37,500 Supplies inventory 750 Cost of goods sold 45,000 Supplies expense 1,500 Equipment 17,500 Wages expense 10,000 Barth Company Income Statement For Year Ended December 31, 2011 $4 Expenses Total expenses Net income $. Barth Company Balance Sheet December 31, 2011 Assets Cash 2$ Liabilities and equity $4 Total current assets Total liabilities

You are provided with the following information taken from Splish Brothers Inc.’s March 31, 2022, balance sheet. Cash   $ 12,330 Accounts receivable   20,370 Inventory   36,900 Property, plant, and equipment, net of depreciation   120,500 Accounts payable   22,640 Common stock   153,800 Retained earnings   12,460 Additional information concerning Splish Brothers Inc. is as follows. 1.   Gross profit is 26% of sales.     2.   Actual and budgeted sales data:         March (actual)   $47,000     April (budgeted)   73,100   3.    Sales are both cash and credit. Cash collections expected in April are:     March   $18,800   (40% of $47,000)     April   43,860   (60% of $73,100)         $62,660       4.    Half of a month’s purchases are paid for in the month of purchase and half in the following month. Cash disbursements expected in April are:     Purchases March $22,640…

A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below. Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.)       SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) Cash $433 29 % Current Liabilities $409 27 % Accounts Receivable 294 19   Long-term Liabilities 495 33   Inventory 206 14   Total Liabilities 904     Other Current Assets 109     Common Stock 118     Property and Equipment 27 2   Retained Earnings 492 32   Other Assets 445 29   Total Stockholders’ Equity 610     Total Assets $1,514 100 % Total Liabilities & Stockholders’ Equity $1,514 100 %   2A. What percentage of Simultech’s total assets relate to inventory? (Round your answer to the nearest whole percent.) 2B. What percentage of Simultech’s total assets relate to property…

Pizza, Inc. balance sheet statement for December 31. 2015 with the following information tound to the nearest thousand i Data Table Barron Pizza, Inc. Balance Sheet as of Decemb Retained earnings: $43,512 Accounts payable: $74,547 Accounts receivable: $34,808 Common stock: $119,856 Cash: $8,258 Short-term debt $188 ($ in thousands) LIABILIT Current Inventory: $23,487 Goodwill: $48,302 Long-term debt S80,147 Other noncurrent liabilities: $42,597 Net plant, property, and equipment. $192,340 Other noncurrent assets.$16,738 Long-term investments: $22,330 Other current assets: $14,584 Total cur Total liat OWNER! Print Done a意前 %24 %24 %24 %24 %24