Perform a horizontal analysis providing both the amount and percentage change. (Round Percentage answers to 1 decimal place. Decreases should be indicated by a minus sign.) Cash Accounts receivable Inventory Long-term assets Total assets Cash Accounts receivable Inventory Long-term assets Total assets Year 2021 2020 $ 300,000 $ 800,000 500,000 200,000 800,000 700,000 3,400,000 2,300,000 $5,000,000 $4,000,000 Increase (Decrease) Amount

Perform a horizontal analysis providing both the amount and percentage change. (Round Percentage answers to 1 decimal place. Decreases should be indicated by a minus sign.) Cash Accounts receivable Inventory Long-term assets Total assets Cash Accounts receivable Inventory Long-term assets Total assets Year 2021 2020 $ 300,000 $ 800,000 500,000 200,000 800,000 700,000 3,400,000 2,300,000 $5,000,000 $4,000,000 Increase (Decrease) Amount

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Brief Exercise 12-2 Prepare horizontal analysis Perform a horizontal analysis providing both the amount and percentage change. (Round Percentage answers to 1 decimal place. Decreases should be indicated by a minus sign.) Cash Accounts receivable. Inventory Long-term assets Total assets Cash Accounts receivable Inventory Long-term assets Total assets Year 2021 2020 $300,000 $ 800,000 500,000 200,000 800,000 700,000 3,400,000 2,300,000 $5,000,000 $4,000,000 Increase (Decrease) Amount
Good day, how do we calculate the missing amounts when doing a comparative balance sheet? Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Increase/Decrease Assets Cash and cash Equivalent $ 51,500.00 $ 45,400.00 Accounts Receivable Inventories $ 61,400.00 $ 9,500.00 Fixed Assets, net $ 160,000.00 $ 110,000.00 Total Assets $ 324,000.00 $ 268,700.00 $ 55,600.00 Liabilities Accounts Payable Accrued liabilities $ 31,000.00 -$ 6,550.00 Long-term notes payable $ 60,000.00 $ 78,540.00 Stockholders Equity: Common Stock $ 143,050.00 $ 105,110.00 $ 37,940.00 Retained Earnings $ 54,800.00 $ 19,700.00 $ 35,100.00 Total liabilities and Stockholders equity $ 324,300.00 $ 268,700.00 $ 55,600.00
Required information Use the following information for the Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Cash Accounts receivable Equipment, net Land Total assets QS 17-6 (Algo) Vertical analysis LO P2 Current Year $ 12,700 64,000 64,000 100,500 $ 241,200 Cash Accounts receivable Equipment, net Express the items in common-size percents. (Round your percentage answers to one decimal place.) Land Total assets Current Year Prior Year $ 16, 200 29,900 56,000 76,000 $ 178,100 % % % % 0.0 % Prior Year % % % % 0.0 %
Required information [The following information applies to the questions displayed below.] Current Year ed Cash $ 11,500 Prior Year $ 14,200 Accounts receivable 61,500 27,000 Equipment, net Land Total assets 59,000 99,000 52,000 73,500 $ 231,000 $ 166,700 Express the items in common-size percents. Note: Round your percentage answers to one decimal place. Current Year Prior Year Cash % % ces Accounts receivable % % Equipment, net % % Land Total assets % % 0.0 % 0.0 %
Question Content Area Cash and accounts receivable for Adams Company are as follows: Current Year Prior Year Cash $63,104 $54,400 Accounts receivable (net) 34,736 66,800 What are the amounts and percentages of increase or decrease that would be shown with horizontal analysis? Account Dollar Change Percent Change Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 %
H1. Question 4. Calculate the Current assets from the following: Current liabilities $35978, Current ratio 3. a $11992.70 b $11900 c $107934
Comparative data from the Statement of Financial Position is given below for ACME Corporation for the years 2022 and 2021. Assets Cash Accounts receivable Supplies Total assets Liabilities Current liabilities 2022 $66,000 54,000 7,500 $127,500 $47,100 2021 $83,000 38,200 6,100 $127,300 $51,400
Question Content Area Cash and accounts receivable for Adams Company are provided below: Current Year PriorYear Cash $76,835 $63,500 Accounts receivable (net) 48,794 78,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 %
Cash Accounts receivable Equipment, net Land Total assets Current Year $7,440 54,000 44,000 91,680 $197,120 Prior Year $8,000 18,000 40,000 66,000 $132,000 Required: Compute the annual dollar changes and percent changes for each of the following items. (Use cells A2 to C7 from the given information to complete this question. Decreases should be entered with a minus sign. Round your percentage answers to one decimal place.)
What is the IRR of the following set of cash flows? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Year 0123 IRR Cash Flow -$17,300 8,000 9,300 7,800 %
Required Infomation Problem 12-3A Perform vertical and hortzontal analysis (LO12-1, 12-2) [The following information applies to the questions displayed below.] The balance sheets for Sports Unlimited for 2021 and 2020 are provided below. Problem 12-3A Part 2 2 Prepare a horizontal analysis of Sports Unlimited's 2021 balance sheet using 2020 os the base year. (Negative amounts and Decreases should be Indicated by a minus sign. Round your percentage answers to 1 decimal place.) SPORTS UNLIMITED Balance Sheeta For the yeara ended December 31 Year Increase (Decrease) Amount 2021 2020 Assete Current assels: Cash 103,500 70,400 Accounits receivable 46,800 32,000 Inventory 44,550 71,200 Prepaid rent 7,200 3,600 Lang term assets. Investment in bonds 54,900 Land 117,450 141,600 Equipment 106,200 102,000 Less Accumulated depreciation (30.600) 450,000 S (20.800) Total assels 400,000 Llablitles and stockholdere' Equity Current labiities. Accounts payable 30,150 46,000 7.200 3,600 Interest payable…
Requlred Informatlon RivMera Townshlp reported the following data for Its governmental activitles for the year ended June 30, 20X9: 2 of 3 Item Amount Cash and cash equivalents $1,000,000 300,000 8,500,000 1,200,000 400,000 4,800,000 Receivables Capital assets Accumulated depreciation Accounts payable 01:56:09 Long-term liabilities Additlonal Information avalable is as follows: All of the long-term debt was used to acquire capital assets. Cash of $475,000 Is restricted for debt service. Based on the preceding Informatlon, on the statement of net assets prepared at June 30, 20X9, what amount should be reported for net assets Invested In capital assets, net of related debt? Multiple Cholce $3.300,000 $2.900,000 $2,825,000 $4.200,000