Suppose the comparative balance sheets of Splish Brothers Inc.
are presented here. SPLISH BROTHERS INC. Condensed...
Suppose the comparative balance sheets of Splish Brothers Inc.
are presented here. SPLISH BROTHERS INC. Condensed Balance Sheet
May 31 ($ in millions) 2017 2016 Assets Current Assets $9,580
$8,770 Property, plant, and equipment (net) 1,810 1,800 Other
assets 1,540 1,670 Total assets $12,930 $12,240 Liabilities and
Stockholders' Equity Current Liabilities $3,150 $3,320 Long-term
liabilities 1,320 1,370 Stockholders’ equity 8,460 7,550 Total
liabilities and stockholders' equity $12,930 $12,240 (a) Prepare a
horizontal analysis of the balance sheet data for Splish...
The comparative condensed balance sheets of Gurley Corporation
are presented below.
GURLEY CORPORATION
Comparative Condensed Balance...
The comparative condensed balance sheets of Gurley Corporation
are presented below.
GURLEY CORPORATION
Comparative Condensed Balance Sheets
December 31
2017
2016
Assets
Current assets
$ 74,500
$ 81,600
Property, plant, and equipment
(net)
97,500
91,000
Intangibles
28,200
39,000
Total assets
$200,200
$211,600
Liabilities and stockholders’ equity
Current liabilities
$ 41,800
$ 47,400
Long-term liabilities
141,800
151,200
Stockholders’ equity
16,600
13,000
Total liabilities and
stockholders’ equity
$200,200
$211,600
(a)
Prepare a horizontal analysis of the balance sheet data for
Gurley Corporation...
Presented here are summarized data from the balance sheets and
income statements of Wiper Inc.:
WIPER...
Presented here are summarized data from the balance sheets and
income statements of Wiper Inc.:
WIPER INC.
Condensed Balance Sheets
December 31, 2020, 2019, 2018
(in millions)
2020
2019
2018
Current assets
$
722
$
949
$
803
Other assets
2,420
1,927
1,726
Total assets
$
3,142
$
2,876
$
2,529
Current liabilities
$
584
$
837
$
730
Long-term liabilities
1,544
1,006
874
Stockholders’ equity
1,014
1,033
925
Total liabilities and stockholders' equity
$
3,142
$
2,876
$
2,529...
Presented here are summarized data from the balance sheets and
income statements of Wiper Inc.:
WIPER...
Presented here are summarized data from the balance sheets and
income statements of Wiper Inc.:
WIPER INC.
Condensed Balance Sheets
December 31, 2020, 2019, 2018
(in millions)
2020
2019
2018
Current assets
$
679
$
898
$
743
Other assets
2,414
1,921
1,720
Total assets
$
3,093
$
2,819
$
2,463
Current liabilities
$
563
$
804
$
711
Long-term liabilities
1,522
988
833
Stockholders’ equity
1,008
1,027
919
Total liabilities and stockholders' equity
$
3,093
$
2,819
$
2,463...
The following information has been condensed from the December
31 balance sheets of Angel Co.:
Year...
The following information has been condensed from the December
31 balance sheets of Angel Co.:
Year 2
Year 1
Assets:
Current assets
$ 725,500
$ 674,300
Fixed assets (net)
1,473,600
1,275,300
Total assets
$2,199,100
$1,949,600
Liabilities:
Current liabilities
$ 313,500
$ 309,600
Long-term liabilities
703,000
545,000
Total liabilities
$1,016,500
$ 854,600
Stockholders' equity
$1,182,600
$1,095,000
Total liabilities and
stockholders' equity
$2,199,100
$1,949,600
(a) Determine the ratio of fixed assets to
long-term liabilities for each year.
(b) Determine the ratio of...
On January 1, Park Corporation and Strand Corporation had
condensed balance sheets as follows:
Park
Strand...
On January 1, Park Corporation and Strand Corporation had
condensed balance sheets as follows:
Park
Strand
Current assets
$
74,500
$
16,050
Non current assets
92,250
46,200
Total assets
$
166,750
$
62,250
Current liabilities
$
32,000
$
12,250
Long-term debt
51,750
Stockholders' equity
83,000
50,000
Total liabilities and equities
$
166,750
$
62,250
On January 2, Park borrowed $66,000 and used the proceeds to
obtain 80 percent of the outstanding common shares of Strand. The
acquisition price was considered...
Presented here are summarized data from the balance sheets and
income statements of Wiper Inc.:
WIPER...
Presented here are summarized data from the balance sheets and
income statements of Wiper Inc.:
WIPER INC.
Condensed Balance Sheets
December 31, 2020, 2019, 2018
(in millions)
2020
2019
2018
Current assets
$
650
$
900
$
700
Other
assets
2,750
2,050
1,750
Total
assets
$
3,400
$
2,950
$
2,450
Current
liabilities
$
500
$
800
$
700
Long-term
liabilities
1,500
1,000
800
Stockholders'
equity
1,400
1,150
950
Total
liabilities and stockholders' equity
$
3,400
$
2,950
$
2,450...
Exercise 23-17
Splish Inc., had the following condensed balance sheet at the end
of operations for...
Exercise 23-17
Splish Inc., had the following condensed balance sheet at the end
of operations for 2016.
SPLISH INC.
BALANCE SHEET
DECEMBER 31, 2016
Cash
$8,400
Current liabilities
$15,100
Current assets other than cash
29,300
Long-term notes payable
25,700
Equity invesments
19,800
Bonds payable
25,000
Plant assets (net)
67,700
Common stock
75,000
Land
40,400
Retained earnings
24,800
$165,600
$165,600
During 2017, the following occurred.
1.
A tract of land was purchased for $9,100.
2.
Bonds payable in the amount of...
Kappa ?Designs, Inc. has the following?
data:??
Kappa Designs, Inc.
Comparative Balance Sheet
December 31, 2018...
Kappa ?Designs, Inc. has the following?
data:??
Kappa Designs, Inc.
Comparative Balance Sheet
December 31, 2018 and 2017
2018
2017
Assets
Total Current Assets
$43,452
$64,460
Property, Plant, and Equipment, Net
210,444
146,500
Other Assets
30,104
82,040
Total Assets
$284,000
$293,000
Liabilities
Total Current Liabilities
$46,860
$44,536
Long-term Debt
108,204
200,705
Total Liabilities
155,064
245,241
Stockholders' Equity
Total Stockholders' Equity
128,936
47,759
Total Liabilities and Stockholders' Equity
$284,000
$293,000
Perform a vertical analysis of Kappa ?Designs' balance sheet for
each...