Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
JUST...
Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$
8,250
$
12,240
Accounts payable
$
43,500
$
48,240
Accounts receivable
34,500
40,560
Notes payable
29,625
32,160
Inventory
58,500
86,160
Total
$
101,250
$
138,960
Total
$
73,125
$
80,400
Long-term debt
$
45,000
$
36,000
Owners’ equity
Common stock and...
Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
JUST...
Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$
14,200
$
18,260
Accounts payable
$
58,400
$
61,820
Accounts receivable
19,000
23,100
Notes payable
23,400
25,080
Inventory
51,800
54,780
Total
$
85,000
$
96,140
Total
$
81,800
$
86,900
Long-term debt
$
32,000
$
22,000
Owners’ equity
Common stock and...
Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
JUST DEW...
Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
Assets
Liabilities and Owners' Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$ 10,750
$ 10,900
Accounts payable
$ 71,250
$ 60,500
Accounts receivable
27,050
27,000
Notes payable
48,500
50,000
Inventory
62,500
63,800
Total
$ 119,750
$ 110,500
Total
$ 100,300
$...
Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
JUST DEW...
Just Dew It Corporation reports the following balance sheet
information for 2017 and 2018.
JUST DEW IT CORPORATION
2017 and 2018 Balance Sheets
Assets
Liabilities and Owners' Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$ 10,650
$ 10,700
Accounts payable
$ 73,500
$ 63,500
Accounts receivable
28,050
27,350
Notes payable
45,250
48,000
Inventory
64,400
65,000
Total
$ 118,750
$ 111,500
Total
$ 103,100
$...
Below you can find the comparative financial statements of
company “ABC” in € for
2017 and...
Below you can find the comparative financial statements of
company “ABC” in € for
2017 and 2018:
Comparative Balance Sheet of “ABC”
Assets
2018
2017
Liabilities & Stockholders’
Equity
2018
2017
Fixed Assets
Property, Plant and
Equipment
Goodwill
Other Assets
Total Fixed Assets
Current Assets
Cash and Cash Equivalents
Accounts receivables
Inventory
Prepaid Expenses
Other current assets
Total Current Assets
Total Assets
53,000
14,200
9,520
76,720
1,500
11,600
15,300
540
280
29,220
105,940
56,000
14,200
10,240
80,440
1,660
14,000
14,820...
ASSETS
2018
2017
LIABILITIES &n
ASSETS
2018
2017
LIABILITIES
2018
2017
Cash 2,400 900.00
Total Current Liabilities 28,000 13,200
Short Term Invest. 28,000 9,000
Long-term Liabilities 13,900 10,300
Accounts Receivable 7,500 5,200
Total Liabilities 41,900 23,500
Merchandise Inventory 6,900 8,600
Stockholders’ Equity
Other Current Assets 8,000 1,500
Common Stock 11,000 11,000
Total Current Assets 52,800 25,200
Retained Earnings 29,900 19,700
All Other Assets 30,000 29,000
Total Equity 40,900 30,700
Total Assets $82,800 $54,200
Total Liabilities and Equity 82,800 54,200
Different learning Objective MEASURING PROFITABILITY...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000 Inventory 70,000 50,000 Accounts
receivable, net 100,000 150,000 Cash 30,000 50,000 Total current
assets € 200,000 € 250,000 Total assets € 800,000 € 750,000 Equity
and liabilities 2018 2017 Share capital 300,000 200,000 Retained
earnings 80,000 100,000 Total equity € 380,000 € 300,000 Payable
bonds 200,000 250,000 Accounts payable 150,000 120,000 Income taxes
payable 70,000 80,000 Total current liabilities € 220,000 € 200,000
Total...
Birtle Corporation reports the following statement of financial
position information for 2017 and 2018.
BIRTLE CORPORATION...
Birtle Corporation reports the following statement of financial
position information for 2017 and 2018.
BIRTLE CORPORATION
2017 and 2018 Statement of Financial Position
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$
9,279
$
11,173
Accounts payable
$
41,060
$
43,805
Accounts receivable
23,683
25,760
Notes payable
16,157
16,843
Inventory
42,636
46,915
Total
$
75,598
$
83,848
Total
$
57,217
$
60,648
Long-term debt
$
40,000
$
35,000
Fixed assets
Owners’ equity
Net plant...
MONTGOMERY INC.
Comparative Balance Sheets
December 31, 2018 and 2017
2018
2017
Assets
Cash
$
55,900...
MONTGOMERY INC.
Comparative Balance Sheets
December 31, 2018 and 2017
2018
2017
Assets
Cash
$
55,900
$
56,300
Accounts receivable, net
13,800
16,800
Inventory
123,700
97,100
Total current assets
193,400
170,200
Equipment
68,500
57,500
Accum.
depreciation—Equipment
(31,000
)
(21,200
)
Total assets
$
230,900
$
206,500
Liabilities and
Equity
Accounts payable
$
33,000
$
35,200
Salaries payable
600
800
Total current liabilities
33,600
36,000
Equity
Common stock, no par value
165,900
153,100
Retained earnings
31,400
17,400
Total liabilities and
equity...
Schellhammer Corporation reported the following amounts in 2016,
2017, and 2018.
2016
2017
2018
Current assets...
Schellhammer Corporation reported the following amounts in 2016,
2017, and 2018.
2016
2017
2018
Current assets
$200,000
$210,000
$240,000
Current liabilities
150,000
168,000
184,000
Total assets
500,000
600,000
620,000
(b)
Perform each of the three types of analysis on Schellhammer’s
current assets. (Round percentages to 0 decimal places,
e.g. 43% and ratios to 2 decimal places, e.g.1.58. Use Illustration
14-3 formula for Horizontal Analysis.)
2016
2017
2018
Horizontal Analysis
Current assets
%
%
%
Vertical Analysis
Current assets
%
%...