Question
In: Accounting
Use this balance sheet to do horizontal analysis of the Howard Company. 2019 2018 amount percent...
| Use this balance sheet to do horizontal analysis of the Howard Company. | ||||||||
| 2019 | 2018 | amount | percent | |||||
| Assets | ||||||||
| Current Assets | $13,000 | $10,000 | ||||||
| Plant Assets | $44,000 | $50,000 | ||||||
| Total Assets | $57,000 | $60,000 | ||||||
| Liabilities | $11,000 | $20,000 | ||||||
| Stockholders' Equity | $46,000 | $40,000 | ||||||
| Total Liabilities and Equity | $57,000 | $60,000 | ||||||
Financially, do you think this company is stronger in 2018 or 2019?
|
2018 because there are more assets |
||
|
2018 because there are fewer liabilities and more current assets to pay the bills. |
||
|
2018 because the total liabilities and equity went up. |
||
|
2019 because there are fewer liabilities and more current assets to pay those bills |
Solutions
Expert Solution
| Use this balance sheet to do horizontal analysis of the Howard Company. | |||||||||
| 2019 | 2018 | amount | percent | ||||||
| Assets | |||||||||
| Current Assets | $13,000 | $10,000 | $3,000 | 30.00% | Increased in 2019 | ||||
| Plant Assets | $44,000 | $50,000 | ($6,000) | -12.00% | Decreased in 2019 | ||||
| Total Assets | $57,000 | $60,000 | ($3,000) | -5.00% | Decreased in 2019 | ||||
| Liabilities | $11,000 | $20,000 | ($9,000) | -45.00% | Decreased in 2019 | ||||
| Stockholders' Equity | $46,000 | $40,000 | $6,000 | 15.00% | Increased in 2019 | ||||
| Total Liabilities and Equity | $57,000 | $60,000 | ($3,000) | -5.00% | Decreased in 2019 | ||||
| Financially, do you think this company is stronger in 2018 or 2019? Obvisously 2019 | |||||||||
| 2018 because there are more assets | |||||||||
| 2018 because there are fewer liabilities and more current assets to pay the bills. | |||||||||
| 2018 because the total liabilities and equity went up. | |||||||||
| ? | 2019 because there are fewer liabilities and more current assets to pay those bills | ||||||||
| To Add a Note: The Assets portion is went up by $46,000 in 2019 where as it stood only $40,000 in 2018 because of retained earnings went up by $6,000. | |||||||||
ekkarill92 answered 1 year agoRelated Solutions
Problem H Use this balance sheet to do horizontal analysis of the MJH Company. 2019 2018...
Problem H
Use this balance sheet to do
horizontal analysis of the MJH Company.
2019
2018
amount
percent
Assets
Current Assets
$6,500
$5,000
Plant Assets
$22,000
$25,000
Total Assets
$28,500
$30,000
=======
=======
Liaiblities
$5,500
$10,000
Stockholders’ Equity
$23,000
$20,000
Total Liabilities and
Equity
$28,500
$30,000
========
=======
Use the information below to do
a vertical analysis
2018
Net sales
$200,000
Cost of goods sold
116,000
Gross Margin
84,000
Operating Expenses
46,000
Income before Taxes
38000
Income taxes
15200
Net...
Balance Sheet Horizontal and Vertical Analysis 2018 2019 Horizontal Vertical Cash 28,421 1,274 -95.52% 0.13% AR...
Balance Sheet Horizontal and Vertical Analysis
2018
2019
Horizontal
Vertical
Cash
28,421
1,274
-95.52%
0.13%
AR
225,019
333,558
48.24%
34.00%
Inventory
319,887
321,006
0.35%
32.72%
Prepaid Insurance
3,500
3,750
7.14%
0.38%
Total Current Assets
576,827
659,588
14.35%
67.23%
Equipment
385,000
385,000
0.00%
39.24%
Less: Acc. Dep.
21,150
63,450
200.00%
6.47%
Net Fixed Assets
363,850
321,550
-11.63%
32.77%
Total Assets
940,677
981,138
4.30%
100.00%
Accts Payable
331,822
401,693
21.06%
40.94%
W&P Taxes Payable
25,889
26,145
0.99%
2.66%
ST Portion MP
21,014...
Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as a base....
Prepare a horizontal analysis of the balance sheet data for
Nike, using 2019 as a base. (Show the amount of increase or
decrease as well.)
b. Prepare a vertical analysis of the balance
sheet data for Nike for 2020.
Prepare horizontal and vertical analyses.
E13.6 (LO 2) Here are the comparative income
statements of Delaney Corporation.
Delaney Corporation
Comparative Income Statements
For the Years Ended December 31
2020
2019
Net sales
$598,000
$500,000
Cost of goods...
Prepare a horizontal analysis of both the balance sheet and income statement. Prepare a horizontal analysis...
Prepare a horizontal analysis of both the balance sheet and
income statement.
Prepare a horizontal analysis of the balance sheet. (Negative
answers should be indicated by a minus sign. Round your answers to
1 decimal place. (i.e., .234 should be entered as 23.4).)
ADAMS COMPANY
Horizontal Analysis of Balance
Sheets
2019
2018
Percentage Change
Assets
Current assets
Cash
$16,700
$12,100
%
Marketable securities
20,200
7,400
Accounts receivable (net)
54,900
47,600
Inventories
135,200
144,500
Prepaid items
25,000
10,500
Total current assets...
Prepare a horizontal analysis of both the balance sheet and income statement. Prepare a horizontal analysis...
Prepare a horizontal analysis of both the balance sheet and
income statement.
Prepare a horizontal analysis of the balance sheet. (Negative
answers should be indicated by a minus sign. Round your answers to
1 decimal place. (i.e., .234 should be entered as 23.4).)
BAIRD COMPANY
Horizontal Analysis of Balance
Sheets
2019
2018
Percentage Change
Assets
Current assets
Cash
$17,600
$12,200
%
Marketable securities
21,000
6,200
Accounts receivable (net)
54,700
46,800
Inventories
136,500
143,300
Prepaid items
26,500
11,800
Total current assets...
Below are balance sheet and income statement data for Howard Bannister Company. Note: For the balance sheet...
Below are balance sheet and income statement data for Howard
Bannister Company. Note: For the balance sheet
data, the end-of-year information is in the left
column.
Balance Sheet Data
20X2 20X1
Accounts
Payable................................................................................................
95.............................................................
165
Accumulated
Depreciation................................................................................
520
...........................................................339
Cash ................................................................................................................
130
..........................................................100
Common Stock
.............................................................................................. 1,000.........................................................
700
DIVIDENDS
PAYABLE.........................................................................................
40............................................................
25
Equipment.........................................................................................................
2,395.......................................................
2,700
Income Tax Payable
..........................................................................................100............................................................
135
Inventory..........................................................................................................
1,120...........................................................
890
Mortgage
Payable..............................................................................................
900.........................................................
1,500
Prepaid General
Expenses...............................................................................
300.............................................................
350
Retained Earnings (ending balance, after
closing)......................................
1,240......................................................
1,098
Unearned Sales
Revenue.....................................................................................
Prepare a horizontal analysis of both the balance sheet and income statement. Analysis Bal Sheet...
Prepare a horizontal analysis of both the balance sheet and
income statement. Analysis Bal Sheet Analysis Inc Stmt Complete
this question by entering your answers in the tabs below. Prepare a
horizontal analysis of the balance sheet. (Negative answers should
be indicated by a minus sign. Round your answers to 1 decimal
place. (i.e., .234 should be entered as 23.4).) Analysis Bal Sheet
Analysis Inc Stmt $ $ $ $ $ $ $ $ STUART COMPANY Horizontal
Analysis...
Data Table Outdoor Adventure Company Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets...
Data Table
Outdoor Adventure Company
Comparative Balance Sheet
December 31, 2019 and 2018
2019
2018
Assets
Current Assets:
Cash
$1,398,330
$14,790
Short-term Investments, net
29,000
0
Accounts Receivable, net
1,600
6,300
Merchandise Inventory
400
0
Office Supplies
70
300
Prepaid Rent
0
2,000
Property, Plant, and Equipment:
Land
615,000
75,000
Building
944,000
94,000
Canoes
13,920
13,920
Office Furniture and Equipment
140,000
0
Accumulated Depreciation—PP&E
(31,920)
(1,740)
Total Assets
$3,110,400
$204,570
Liabilities
Current Liabilities:
Accounts Payable
$6,420
$4,400
Utilities Payable
550...
BETHESDA MINING COMPANY Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019...
BETHESDA MINING COMPANY
Balance Sheets as of December 31, 2018 and 2019
2018
2019
2018
2019
Assets
Liabilities and Owners’ Equity
Current assets
Current liabilities
Cash
$
42,646
$
54,402
Accounts payable
$
191,422
$
199,111
Accounts receivable
60,781
81,139
Notes payable
86,520
138,088
Inventory
127,265
193,375
Total
$
277,942
$
337,199
Total
$
230,692
$
328,916
Long-term debt
$
240,000
$
176,750
Owners’ equity
Common stock and paid-in
surplus
$
215,000
$
215,000
Accumulated retained
earnings
155,597
189,495...
Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. BETHESDA MINING COMPANY...
Bethesda Mining Company reports the following balance sheet
information for 2018 and 2019.
BETHESDA MINING COMPANY
Balance Sheets as of December 31, 2018 and 2019
2018
2019
2018
2019
Assets
Liabilities and Owners’ Equity
Current assets
Current liabilities
Cash
$
45,262
$
57,602
Accounts payable
$
190,922
$
198,611
Accounts receivable
61,281
81,639
Notes payable
86,020
137,588
Inventory
126,088
192,061
Total
$
276,942
$
336,199
Total
$
232,631
$
331,302
Long-term debt
$
239,000
$
175,750
Owners’ equity
Common...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- 1. Given the following information, determine the beta coefficient for Stock L that is consistent with...
- Generate the first ten rows of Pascal triangle using MATLAB. Post code in the response
- Describe “downsizing” and explain the use of “ombudspersons” and “alternative dispute” resolution. Give some incidents and...
- You are the chairman of the board of directors for an innovative technology company, and you...
- Describe how common law has influenced the development of health care in the 21st century. Provide...
- 1. For each of the following lists, perform a bubble sort, and show the list after...
- Task 3: Research Project (5 marks) You’re investigating a case involving a 2 GB drive that...
ADVERTISEMENT