Exercise 7-The following are excerpts from Your Co's financial statements. Your Co. 2019 2018 2017 Net Sales COGS Other Expenses Cash A/R Inventory Prepaid Insurance Total Assets 1,080.00 960.00 $ 460.00 280.00 500.00 320.00 80.00 160.00 200.00 100.00 120.00 180.00 40.00 440.00 880.00 440.00 240.00 40.00 140.00 180.00 40.00 400.00 20.00 460.00 a) Perform horizontal analysis below, using 2017 as the base year (100%). 2019 2018 2017 Net Sales 122.7% 109.1% 100.0% COGS 454.5% 104.5% 100.0% Other Expenses 133.3% 116.7% 100.0% p) Perform vertical analysis below, using total assets as the base. 2019 2018 2017 Cash 17.4% 22.0% 10.0% A/R Inventory Prepaid Insurance Total Assets 35.0% 27.0% 35.0% 43.0% 41.0% 45.0% 96.0% 9.0% 10.0% x x x

Vali COMPANY Comparative Balance Sheet 2019 Assets 2018 $61,000 $12,000 8,000 Cash. 4,000 11,000 Accounts receivable, 12,000 Inventory.. Prepaid expenses.. Equipment...- Accumulated depreciation-Equipment. 2,000 3,000 20,000 20,000 (3.000) (2.000) $95,000 $53,000 Total assets.. Liabilities and Stockholders' Equity Accounts payable. Long-term note payable. Common stock.. Retained earnings.. Total liabilities and stockholders' equity... $ 2,000 $ 4,000 16,000 14,000 18,000 32,000 45,000 $95.000 17.000 $53.000 Depreciation expense. 500 Net income.. $ 22,500 Cash dividends of $7,000 were paid during the year. The common stock was issued for cash A land was sold for $ 15,500, - balance value: $13000 - cash. Calculate the operating activity cash flows for the year ended December 31, 2019 using the indirect method.

Tableau Dashboard Activity 12-1 Use Conservative Versus Aggressive Accounting Estimates Review the Tableau visualization, and then answer the questions that follow. Sales Revenue Cost of Goods Sold Depreciation Exp Bad Debt Exp Warranty Exp Income Statement Net Income $80,000 $0 $50,000 $100,000 $150,000 $200,000 Balance Sheet Cash Accounts Receivable Allowance for Uncol Accts Inventory Equipment Accum Depr Total Assets Accounts Payable Warranty Liab Common Stock Retained Earnings Total Liab and Equities Operating Cash Flows Investing Cash Flows Financing Cash Flows $275,000 Uncollectible Accounts Estimate Ⓒ Before Adjustment 5% of Accounts Receivable 15% of Accounts Receivable Lower of Cost or NRV Estimate Ⓒ Before Adjustment Ⓒ $4,000 NRV Below Cost $12,000 NRV Below Cost Depreciation Estimate Before Adjustment 6 Years 12 Years Warranty Estimate Before Adjustment 4% of Sales Revenue 12% of Sales Revenue Risk Analysis Current Ratio Debt-to-Equity Rat.. 10.3 5.8% Profitability Analysis…

TB SA Qu. 16-59 (Static) Complete: Complete: Current Assets Cash Accounts receivable Prepaid rent Merchandise inventory Total current assets $ Amount $ $ $ 12,000 9,000 5,000 28,000 Round to Nearest Hundredth Percent % % % % 100 %

Exercise 6The following items were taken from the financial statements of Young Company, Inc. Unearned Revenue $ 950 Accumulated depreciation $ 5,600 Prepaid expenses 900 Accounts payable 1,444 Equipment 11,300 Notes payable 1,498 Accounts Receivable 1,734 Common Stock 8,000 Notes Receivable 3,490 Retained Earnings (1/1/2019) 4,200 Cash 2,648 Inventory 1,920 2019 net income was $1,000 and Dividends were $700. Instructions:(a) Prepare a statement of owner’s equity in good form for the year ended December 31, 2019 (b) Prepare a balance sheet in good form as of December 31, 2019.