If total assets increased by P175,000 during a specific period and liabilities decreased by P10,000 during the same period, the period's change in total owner's equity was Put a parenthesis if it is a decrease*
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- In horizontal analysis, each item is expressed as a percentage of the a. latest year figure. b. net income figure. c. total assets. O d. earliest year figure.If total liabilities increased by $10300 during a period of time and owner's equity decreased by $25100 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n) O $14800 increase. O $35400 increase. O $35400 decrease. O $14800 decrease.2) Ratios Based on the information given in picture #1, complete the following ratios for the last TWO years and indicate whether the trend is favorable or unfavorable. Note percentages and times should be to one decimal place (e.g. 14.8%; 5.8x) Liq./Solv. Ratios Current Yr. Prior Yr. Fav/Unfav. Current Ratio (X) {Total. Current Assets/ Total Current Liabilities} Quick Ratio (X) {Cash + Short term Investments + Current Receivables/ Current Liabilities} Day's Sales Uncollected (days) {Total Accounts Receivables / Sales x 365}
- the retained earnings for the end of a year should be calculated as the retained earnings at the end of the previous year minus earnings retained for the year. TRUE OR FALSE?In horizontal analysis, if an item has a negative amount in the base year, and a positive amount in the following year, no percentage change for that item can be computed. O True O Falsea. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. If required, round to one decimal place.
- To calculate a year-to-year percentage change in any financial statement line item such as sales, you determine the current-year amount and prior-year amount and divide the difference by: A) Total assets B) Net income C) The current year’s amount D) The prior years amountCompute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Current Year Prior Year Short-term investments $374,634 $234,000 101,e00 88,000 Accounts receivable 97,364 Notes payable Horizontal Analysis - Calculation of Percent Change Choose Numerator: Choose Denominator: Percent change = Current Year Prior Year Dollar Change Percent Change Short-term investments 24 374,634 $ 234,000 Accounts receivable 97,364 101,000 Notes payable 88,000If accounts receivable increase by R500, inventory increases by R200 and accounts payable increase by R400, net working capital would ... Select one: decrease by R300. a. b. increase by R700. C. increase by R300. Od. remain unchanged. Clear my choice
- Required: (a) You are required to calculate the following ratios:(iv) Return on Capital Employed(v) Asset turnover(vi) Non-current asset turnover(vii) Current Ratio(viii) Quick Ratio(ix) Inventory days(x) Receivables days(xi) Payable days(xii) Interest cover (b) In light of your calculations comment on the performance of the company over thelast two years.The comparative financial statements of Seward, Inc. include the following data: Current Year Prior Year Income Statement Net Sales Revenue $142,000 $112,000 Cost of Goods Sold 61,000 53,000 Operating Expenses Interest Expense 40, 200 33,200 4,700 4,700 Income Tax Expense 6, 200 29,900 5,200 Net Income 15,900 Balance Sheet Current Assets 127,000 107,000 Plant, Property and Equipment, Net Current Liabilities 110,000 117,000 51,000 44,000 49,000 131,000 224,000 49,000 Long-Term Liabilities Shareholders' Equity Total Liabilities & Shareholders' Equity 137,000 237,000 Which of the following would be shown on Seward's horizontal analysis when calculating percentage changes from t current year? Multiple ChoicePerform a horizontal analysis on the following information providing both the dollar amount and percentage change (Decrease in amount should be indicated by a minus sign. Round your percentages to 1 decimal place.): 2021 2020 $ 680,000 $ 190,000 720, 000 590, 000 2,300, 000 $4,150,000 $3,800, 000 Cash Accounts receivable 950,000 Inventory 720,000 1,800,000 Long-term assets Total assets Increase (Decrease) Amount % Cash 38.6 Accounts receivable Inventory Long-term assets Total assets