Financial statement data for Fred’s Fish House are given below. All figures are in thousands of dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2010. Gross fixed assets 2,940 Accounts payable Accruals 340 90 Accumulated depreciation Additional paid in capital Beginning of year inventory Cash 810 840 780 310 6,420 220 COGS Common stock ($1 par value) Current portion of LT Debt Gross Accounts receivable 110 432 Inventory LT Debt (excluding current portion) Notes payable 940 1,280 120 6,580 Purchases Retained earnings Allowances for doubtful accounts 790 22

Financial statement data for Fred’s Fish House are given below. All figures are in thousands of dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2010. Gross fixed assets 2,940 Accounts payable Accruals 340 90 Accumulated depreciation Additional paid in capital Beginning of year inventory Cash 810 840 780 310 6,420 220 COGS Common stock ($1 par value) Current portion of LT Debt Gross Accounts receivable 110 432 Inventory LT Debt (excluding current portion) Notes payable 940 1,280 120 6,580 Purchases Retained earnings Allowances for doubtful accounts 790 22

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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