INTERMEDIATE ACCOUNTING (ACCT 3200B)
10th Edition
ISBN: 9781307660647
Author: SPICELAND
Publisher: MCG/CREATE
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What is the comparative statement of financial condition for 2019 and 2020 showing peso and percentage for each item (horizontal analysis)?
Required
What are the Liquidity Ratios, Asset Management Ratios and Debt Management Ratios for the periods 2019,2020 and 2021?
PLASMA SCREENS CORPORATION
Balance Sheets
December 31, 2021 and 2020
2021
2020
Assets
Current assets:
Cash
Accounts receivable
Inventory
Investments
$242,000
98,000
105,000
5,000
$ 130,000
102,000
90,000
3,000
Long-term assets:
Land
Equipment
Less: Accumulated depreciation
580,000
890,000
(528,000)
$1,392,000
580,000
770,000
(368,000)
$1,307,000
Total assets
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
Interest payab le
Income tax payable
Long-term liabilities:
Notes payable
Stockholders' equity:
Common stock
Retained earnings
$ 109,000
7,000
9,000
95,000
13,000
6,000
2$
110,000
220,000
800,000
357,000
$1,392,000 $1,307,000
800,000
173,000
Total liabilities and stockholders' equity
Additional information for 2021:
1. Net income is $184,000.
2. Sales on account are $1,890,000.
3. Cost of goods sold is $1,394,250.
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Similar questions
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- Using the financial statements in the image, calculate the following ratios for both the FY 2017 and FY 2018: Current Ratio Quick Ratio Total Asset Turnover Average Collection Total Debt to Total Assets Times Interest Earned Net Profit Margin Return on Assets Return on Equity Modified Du Point Equation for FY 2018 PE Ratio Market to Book Ratioarrow_forwardWhat are the Profitability Ratios and Market Value Ratios/Earning Ratios for the periods 2019,2020 and 2021? Images Attachedarrow_forwardCalculate the following profitability ratios for 2018 and 2019. a. Gross profit ratio b. Return on assets c. Profit margin d. assets turnoverarrow_forward
- What are the Profitability Ratios for the periods 2019,2020 and 2021? What is it's Financial Performance and Financial Position? Images Attachedarrow_forwardUsing the financial statements provided, compute the following ratios for Angostura for 2018 and 2019. Current Ratio Quick Ratio Cash Ratioarrow_forwardCalculate the market value ratios below for 2021 est. Market Value Ratios Price/Earnings Ratio Price/Earnings Ratio (times) Price/Cash Flow Ratio (times) Market /Book Value Ratio (times)arrow_forward
- Analyse the Assets-to-equity ratio of 1.87 in 2019 and 1.67 in 2020 Analyse Time Interest Earned ratio in 2019 is 4.89 and 2020 is 9.9 Analyse the debt-t-equity ratio of 0.75 in 2019 and 0.61 in 2020arrow_forwardIn the above financial statement, the Debt-To-Asset Ratio for 2020 is?arrow_forwardUsing the attached balanced sheet and income statement Calculate the following ratios for the respective years: 2019, 2020, 2021 est Liquidity Ratios Current Ratio (times) Quick Ratio (times) Asset Management Ratios Average sales/day Inventory Turnover Ratio (times) Days Sales Outstanding (days) Fixed Assets Turnover Ratio (times) Total Asset Turnover Ratio Debt Management Ratios Total Debt to Total Assets (%) Times Interest Earned (times) Debt to Equity Ratio (%) Profitability Ratios Profit Margin on Sales (%) Earning Power (%) Return on Total Assets (%) Return on Common Equity (%) Market Value Ratios Price/Earnings Ratio Price/Earnings Ratio (times) Price/Cash Flow Ratio (times) Market /Book Value Ratio (times) Comment on the liquidity, profitability, leverage, asset management and market valuearrow_forward
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