CELCOM Stay Safe Stay. .l4G6800:59Tutorial 6 - Qs Brief (1)TUTORIAL 6/ CHAPTER 18FINANCIAL STATEMENT ANALYSISQUESTION 1BE 18.4BE18.4 (LO 2) Using these data from the comparative balance sheet of RollairdCompany, perform horizontal analysis.Prepare horizontal analysis.December 31, 2020December 31, 2019Accounts receivable$ 460,000$ 400,000Inventory780,000650,000Total assets3,164,0002,800,000QUESTION 2ВЕ 18.8BE18.8 (LO 2) Vertical analysis (common-size) percentages for Palau Company's salerevenue, cost of goods sold, and expenses are as follows.Analyze change in net income.Vertical Analysis202020192018Sales revenue100.0%100.0%100.0%Cost of goods sold60.562.964.8ExpensesDid Palau's net income as a percent of sales increase, decrease, or remain unchangedover the 3-year period? Provide numerical support for your answer.26.026.627.5QUESTION 3Е 18.3E18.3 (LO 2)Prepare horizontal analysisHere is financial information for Glitter Inc.December 31, 2020December 31, 2019Current assets$106,000$ 90,000Plant assets (net)400,000350,000Current liabilities99,00065,000Long-term liabilitiesCommon stock, $1122,00090,000par130,000115,000Retained earnings155,000170,000InstructionsPrepare a schedule showing a horizontal analysis for 2020, using 2019 as the base yQUESTION 4E18.4E18 4 (I O 2)Oneratina data for Joshua Cornoration gre presented belou CELCOM Stay Safe Stay. all4G68'00:59Edit8815QUESTION 1BE 18.4BE18.4 (LO 2) Using these data from the comparative balance sheet of RollairdCompany, perform horizontal analysis.Prepare horizontal analysis.December 31, 2020December 31, 2019Accounts receivable$ 460,000$ 400,000Inventory780,000650,000Total assets3,164,0002,800,000QUESTION 2ВЕ 18.8BE18.8 (LO 2) Vertical analysis (common-size) percentages for Palau Company's salerevenue, cost of goods sold, and expenses are as follows.Analyze change in net income.Vertical Analysis202020192018Sales revenue100.0%100.0%100.0%Cost of goods sold60.562.964.8ExpensesDid Palau's net income as a percent of sales increase, decrease, or remain unchangedover the 3-year period? Provide numerical support for your answer.26.026.627.5QUESTION 3Е 18.3E18.3 (LO 2)Prepare horizontal analysisHere is financial information for Glitter Inc.December 31, 2020December 31, 2019Current assets$106,000$ 90,000Plant assets (net)400,000350,000Current liabilities99,00065,000Long-term liabilitiesCommon stock, $1122,00090,000par130,000115,000Retained earnings155,000170,000InstructionsPrepare a schedule showing a horizontal analysis for 2020 using 2019 as the base y1/6ToolsMobile ViewShareEdit on PCAssistant

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QUESTION 1 BE 18.4 BE18.4 (LO 2) Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. Prepare horizontal analysis. December 31, 2020 December 31, 2019 Accounts receivable $ 460,000 $ 400,000 Inventory 780,000 650,000 Total assets 3,164,000 2,800,000

QUESTION 1 BE 18.4 BE18.4 (LO 2) Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. Prepare horizontal analysis. December 31, 2020 December 31, 2019 Accounts receivable $ 460,000 $ 400,000 Inventory 780,000 650,000 Total assets 3,164,000 2,800,000

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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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
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