The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows:   Dec. 31, 20Y8 Dec. 31, 20Y7 Assets     Cash $77,230   $95,130   Accounts receivable (net) 118,660   128,250   Merchandise inventory 169,510   158,950   Prepaid expenses 6,910   4,820   Equipment 345,320   284,800   Accumulated depreciation-equipment (89,780)   (69,840)     Total assets $627,850   $602,110         Liabilities and Stockholders' Equity     Accounts payable (merchandise creditors) $131,850   $125,840   Mortgage note payable 0   180,630   Common stock, $1 par 21,000   13,000   Paid-in capital: Excess of issue price over par-common stock 306,000   170,000   Retained earnings 169,000   112,640     Total liabilities and stockholders’ equity $627,850   $602,110   Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: Net income, $144,280. Depreciation reported on the income statement, $43,580. Equipment was purchased at a cost of $84,160, and fully depreciated equipment costing $23,640 was discarded, with no salvage realized. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. 8,000 shares of common stock were issued at $18 for cash. Cash dividends declared and paid, $87,920. Required: Prepare a statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

Required information [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For Year Ended December 31 Sales Cost of goods sold Other operating expenses Current Year 1 Year Ago $ 31,099 $ 26,605 89, 200 114,500 62,900 85,000 8,568 221, 258 8,163 209,503 $ 460, 131 $ 396,665 Interest expense Income tax expense Total costs and expenses Net income Earnings per share $ 112,281 84,775 162,500 100,575 $ 460,131 $ 396,665 $ 65,696 89,408 162,500 79, 061 Current Year The company's income statements for the current year and one year ago follow. Assume that all sales are on credit: $364,884 185,433 10, 169 7,776 $598,170 2 Years Ago 568, 262 $ 29,908 $ 1.84 $ 32,725 50,800…

Using these data from the comparative balance sheets of Bonita Company, perform a vertical analysis. Accounts receivable (net) Inventory Total assets (Round percentages to 1 decimal place, e.g. 12.1%.) Accounts receivable (net) Inventory Total assets Amount $435.960 December 31, 2022 December 31, 2021 $422,800 720.720 2.520,000 $435.960 December 31, 2022 720.720 2,520.000 Percentage 624,400 2,800,000 Amount $422,800 624,400 2.800,000 December 31, 2021 Percentage % 8

Find for Armstrong Company and Blair Company : Asset Turnover Ratios - (a) Fixed Asset turnover (times) (b) Receivables turnover (times) (c) Inventory turnover (times)

The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:   Dec. 31, 20Y9 Dec. 31, 20Y8 Assets     Cash $224,660   $207,540   Accounts receivable (net) 81,390   74,540   Inventories 229,760   220,710   Investments 0   85,500   Land 117,840   0   Equipment 253,490   195,120   Accumulated depreciation—equipment (59,350)   (52,620)     Total assets $847,790   $730,790         Liabilities and Stockholders' Equity     Accounts payable $153,450   $143,970   Accrued expenses payable 15,260   19,000   Dividends payable 8,480   6,580   Common stock, $10 par 45,780   35,810   Paid-in capital: Excess of issue price over par-common stock 172,100   99,390   Retained earnings 452,720   426,040     Total liabilities and stockholders’ equity $847,790   $730,790   Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows: Equipment and land were acquired for cash. There were…

[The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets follow.  At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets                       Cash   $ 30,650     $ 35,827   $ 36,947   Accounts receivable, net     89,000       62,100     50,700   Merchandise inventory     113,500       84,000     58,000   Prepaid expenses     9,870       9,405     4,105   Plant assets, net     276,474       256,508     223,448   Total assets   $ 519,494     $ 447,840   $ 373,200   Liabilities and Equity                       Accounts payable   $ 129,354     $ 75,685   $ 49,262   Long-term notes payable     97,665       103,003     82,477   Common stock, $10 par value     162,500       162,500     162,500   Retained earnings     129,975       106,652     78,961   Total liabilities and equity   $ 519,494     $ 447,840   $ 373,200      The company’s income statements for the current year and one year ago follow. Assume…

Required Information [The following Information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Current Year 1 Year Ago 2 Years Ago Cash $ 34,475 Accounts receivable, net 101,959 $ 42,354 70,522 Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable 130,758 11,329 317,729 $ 596,250 110,974 162,500 171,340 96,043 11,118 293,972 $ 514,009 $ 86,868 118,222 162,500 146,419 $ 596,250 $ 514,009 $ 41,986 56,541 60,824 4,758 259,991 $ 424,100 $ 54,862 91,852 162,500 114,886 $ 424,100 $ 151,436 Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity For both the current year and one year ago, compute the following ratios: The company's Income statements for the current year and 1 year ago, follow. For Year Ended December 31 Sales Cost of goods sold Interest expense Income tax expense Other operating expenses Total costs and expenses…

Use your knowledge of balance sheets and common-size statements to fill in the missing dollar amounts. (Round percentage answers to 1 decimal place, e.g. 527.5.) Assets             Cash   $24,706     3.4 % Accounts receivable   $123,349       % Inventory   $       27.4 % Total current assets   $349,949       % Gross plant and equipment   $       95.0 % Less: accumulated depreciation   $313,000     42.5 % Net plant and equipment   $         % Total assets   $736,949     100.0 % Liabilities             Accounts payable   $       15.8 % Notes payable   $28,961     3.9 % Total current liabilities   $         % Long-term debt   $245,383     33.3 % Total liabilities   $390,893       % Common stock ($0.01 par, 450,000 shares)     $4,500     0.6 % Paid-in capital   $223,452     30.3 % Retained earnings   $         % Total stockholders' equity   $346,056     47.0 % Total liabilities and equity   $       100.0 %

The following information pertains to Peak Heights Company: Income Statement for Current Year Sales $ 85,300 Expenses Cost of goods $ sold 51,675 Depreciation 8,100 expense Salaries 12,000 71,775 expense Net income $ 13,525 Partial Balance Prior Sheet Current year year Accounts $ $ 9,900 receivable 14,400 Inventory 13,700 8,300 Salaries payable 1,550 850 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method. Note: List cash outflows as negative amounts. PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: Accounts receivable increase

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…