Carriveau Corporation's most recent balance sheet appears
below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:...
Carriveau Corporation's most recent balance sheet appears
below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:
Current assets:
Cash and cash equivalents
$
31
$
34
Accounts receivable
73
67
Inventory
74
64
Total current assets
178
165
Property, plant, and
equipment
456
370
Less accumulated
depreciation
207
196
Net property, plant, and
equipment
249
174
Total assets
$
427
$
339
Liabilities and stockholders'
equity:
Current liabilities:
Accounts payable
$
49
$
56
Accrued liabilities
19
20
Income taxes...
Q.1 The following information was retrieved from NOOR COMPANY
books:
NOOR COMPANY
Comparative Balance Sheet
December...
Q.1 The following information was retrieved from NOOR COMPANY
books:
NOOR COMPANY
Comparative Balance Sheet
December 31, 2018 and 2017
2018
2017
Assets
Current assets
SAR 440
SAR 280
Plant assets
675
520
Total assets
SAR 1,115
SAR 800
Liabilities and stockholders' equity
Current liabilities
SAR 280
SAR 120
Long-term debt
250
160
Common stock
325
320
Retained earnings
260
200
Total liabilities and stockholders' equity
SAR 1,115
SAR 800
Instructions: Using horizontal analysis, calculate the
percentage change for each...
Vertical Analysis of Balance Sheet
Balance sheet data for a company for the years ended December...
Vertical Analysis of Balance Sheet
Balance sheet data for a company for the years ended December
31, 20Y2 and 20Y1, are shown below.
20Y2
20Y1
Current assets
$ 1,500,000
$ 1,200,000
Property, plant, and equipment
12,500,000
10,800,000
Intangible assets
2,000,000
2,000,000
Current liabilities
1,000,000
850,000
Long-term liabilities
3,000,000
2,400,000
Common stock
2,500,000
2,500,000
Retained earnings
9,500,000
8,250,000
Prepare a comparative balance sheet for 20Y2 and 20Y1, stating
each asset as a percent of total assets and each liability and
stockholders’...
Balance sheet data for Alvarez Company on December 31, the end
of two recent fiscal years,...
Balance sheet data for Alvarez Company on December 31, the end
of two recent fiscal years, follow:
1
Current Year
Previous Year
2
Current assets
$1,637,500.00
$1,210,000.00
3
Property, plant, and equipment
3,864,500.00
4,235,000.00
4
Intangible assets
1,048,000.00
605,000.00
5
Current liabilities
1,179,000.00
847,000.00
6
Long-term liabilities
1,768,500.00
1,996,500.00
7
Common stock
655,000.00
665,500.00
8
Retained earnings
2,947,500.00
2,541,000.00
Prepare a comparative balance sheet for both years, stating each
asset as a percent of total assets and each liability and...
Illies Corporation's comparative balance sheet appears
below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:
Current...
Illies Corporation's comparative balance sheet appears
below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:
Current assets:
Cash and cash equivalents
$
48,000
$
41,000
Accounts receivable
27,000
29,800
Inventory
75,000
77,800
Total current assets
150,000
148,600
Property, plant, and
equipment
382,000
355,000
Less accumulated
depreciation
172,000
140,000
Net property, plant, and
equipment
210,000
215,000
Total assets
$
360,000
$
363,600
Liabilities and stockholders'
equity:
Current liabilities:
Accounts payable
$
26,000
$
27,800
Accrued liabilities
62,000
67,800
Income taxes payable...
Krech Corporation's comparative balance sheet appears below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:
Current...
Krech Corporation's comparative balance sheet appears below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:
Current assets:
Cash and cash equivalents
$
35,000
$
27,300
Accounts receivable
20,000
24,000
Inventory
66,000
62,000
Prepaid expenses
12,800
10,400
Total current assets
133,800
123,700
Property, plant, and
equipment
422,000
402,000
Less accumulated
depreciation
211,000
180,900
Net property, plant, and
equipment
211,000
221,100
Total assets
$
344,800
$
344,800
Liabilities and stockholders'
equity:
Current liabilities:
Accounts payable
$
19,400
$
13,000
Accrued liabilities
56,000...
Balance sheet data for Alvarez Company on December 31, the end
of two recent fiscal years,...
Balance sheet data for Alvarez Company on December 31, the end
of two recent fiscal years, follows:
Current Year
Previous Year
Current assets
$260,710
$145,130
Property, plant, and equipment
496,190
454,320
Intangible assets
84,100
31,550
Current liabilities
159,790
88,340
Long-term liabilities
319,580
252,400
Common stock
100,920
100,960
Retained earnings
260,710
189,300
Prepare a comparative balance sheet for both years, stating each
asset as a percent of total assets and each liability and
stockholders' equity item as a percent of the...
Balance sheet data for Alvarez Company on December 31, the end
of two recent fiscal years,...
Balance sheet data for Alvarez Company on December 31, the end
of two recent fiscal years, follows:
Current Year
Previous Year
Current assets
$339,660
$202,230
Property, plant, and equipment
549,450
501,830
Intangible assets
109,890
44,940
Current liabilities
239,760
134,820
Long-term liabilities
339,660
284,620
Common stock
119,880
112,350
Retained earnings
299,700
217,210
Prepare a comparative balance sheet for both years, stating each
asset as a percent of total assets and each liability and
stockholders' equity item as a percent of the...
Balance sheet data for Alvarez Company on December 31, the end
of two recent fiscal years,...
Balance sheet data for Alvarez Company on December 31, the end
of two recent fiscal years, follows:
Current Year
Previous Year
Current assets
$287,300
$171,180
Property, plant, and equipment
473,200
424,780
Intangible assets
84,500
38,040
Current liabilities
194,350
107,780
Long-term liabilities
304,200
240,920
Common stock
76,050
76,080
Retained earnings
270,400
209,220
Prepare a comparative balance sheet for both years, stating each
asset as a percent of total assets and each liability and
stockholders' equity item as a percent of the...
Balance sheet data for Alvarez Company on December 31, the end
of two recent fiscal years,...
Balance sheet data for Alvarez Company on December 31, the end
of two recent fiscal years, follows:
Current Year
Previous Year
Current assets
$300,560
$172,380
Property, plant, and equipment
477,360
437,580
Intangible assets
106,080
53,040
Current liabilities
194,480
119,340
Long-term liabilities
353,600
258,570
Common stock
79,560
86,190
Retained earnings
256,360
198,900
Prepare a comparative balance sheet for both years, stating each
asset as a percent of total assets and each liability and
stockholders' equity item as a percent of the...