Explorer Corporation's board of directors is having its annual meeting to analyze the performance of the firm.
Question:
Required
Conduct horizontal and vertical analyses of total liabilities and interpret the results. Explain whether or not Explorer should be pleased with its financial position based on these calculations.
Transcribed Image Text:
2012 2011 Total assets Total liabilities Total equity $935,870 $902,225 562,855 440 339,370 575,430
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Horizontal Analysis 575430562855562855 22 increase Vertical Analysis ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Horizontal and vertical analyses are effective ways to search for analytical fraud symptoms. Search the Internet for the annual report of a company of your choice. Perform both a horizontal and...
-
Explain what is meant by horizontal and vertical analyses of the balance sheet and the income statement.
-
The following items were taken from the December 31 balance sheet of Auburn Bowling Lanes: Buildings, net ........... $60,200 Accounts receivable ......... 14,520 Prepaid insurance ........... 4,680...
-
The cantilever beam AB shown in the figure is subjected to a concentrated load P at the midpoint and a counterclockwise couple of moment M1 = PL/4 at the free end. Draw the shear-force and...
-
Consult Sections 204 and 301 of SARBOX. In the post-Sarbanes audit environment, which of the issues that arose in 1996 and 1997 would have to be reported to the audit committee at Sunbeam? Do you...
-
The Glenn Corporation issues 1,000, 10-year, 8%, $2,000 bonds dated January 1 at 96. The journal entry to record the issuance will show death of $3,000,000 credit to Benda Payable for 51.920,000...
-
Noncurrent assets; LO6 a. $130,000. b. $134,000. c. $138,000. d. $140,000.
-
1. What forces for change are evident at the Oconomo plant? 2. What is the primary type of change neededchanging things or changing the people and culture? Can the Wisconsin plant be saved by...
-
Define and discuss the Risk Management function and its supporting sub functions of: Risk Assessment; Business Area Analysis, Business Impact Analysis, Risk Communication; and Risk-Based Decision...
-
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 30 percent for the next three years, with the growth rate falling off to a constant 4 percent thereafter. If the required...
-
Gateway Unlimited sold $2,000,000 of 6-year, 10% bonds on January 1, 2012. The bonds pay interest semiannually on July 1 and January 1. The bonds sell at 97. The straight-line method is used to...
-
At the end of 2012, Brandon Corporation has total current liabilities of $1,755,000. Long-term debt is $850,000, and other long-term liabilities are $645,000. Required Prepare the liability section...
-
Propose a structure consistent with the following spectral data for a compound C8H18O2: IR: 3350 cm1. 1H NMR: 1.24 (12 H, singlet); 1.56 (4 H, singlet); 1.95 (2 H, singlet)
-
Design a clocked D flip-flop, using a modified ECL circuit design, such that the output becomes valid on the negative-going edge of the clock signal.
-
An L2 steel strap having a thickness of 0.125 in. and a width of \(2 \mathrm{in}\). is bent into a circular arc of radius \(600 \mathrm{in}\). Determine the maximum bending stress in the strap.
-
Cars traveling from Canada to the United States through the Thousand Islands Border Crossing must stop for US Customs and Immigration. During the stop, each passenger in the car must present a...
-
Gasoline is pumped through a 2 in. sch 40 pipeline upward into an elevated storage tank at $60^{\circ} \mathrm{F}$. An orifice meter is mounted in a vertical section of the line, which uses a DP cell...
-
Change the recurring costs in Problem and Exercise 3 to $40,000 and redo the analysis. Problem and Exercise 3 Assume you are put in charge of launching a new website for a local nonprofit...
-
Which of the following may be assessed nonquantitatively? Choose the correct answer. Inherent Control Detection Risk Risk Risk a. Yes. Yes No b. Yes No Yes C. No Yes Yes d. Yes Yes Yes
-
Baxter, Inc., owns 90 percent of Wisconsin, Inc., and 20 percent of Cleveland Company. Wisconsin, in turn, holds 60 percent of Clevelands outstanding stock. No excess amortization resulted from these...
-
What was the role of anthropology in colonialism?
-
If the effect of an adjustment is to increase the balance of a liability account, which of the following statements describes the effect of the adjustment on the other account? a. Increases the...
-
Chico Urgent Care is owned and operated by Dr. Janet Scanlon, the sole stockholder. During July 2007, Chico Urgent Care entered into the following transactions: a. Dr. Scanlon invested $10,000 in...
-
Using the data from Exercise 3-1, record the adjusting entries at the end of July to record the insurance expense and supplies expense. There were $280 of supplies on hand as of July 31. Identify the...
-
Chapter o Homew ebook 50,000-unit production quantity: $ 227,049 7 70,000-unit production quantity: $ 66,751 d. In addition to mean profit, what other factors should FTC consider in determining a...
-
Diamond makes downhill ski equipment. Assume that comic has offered to produce ski poles for Diamond for $20 per pair Diamond needs 200,000 pairs of poles per period Diamond can only avoid 5150,000...
-
17? Which of the following statement is true Select one: a. All evidence must have the same level of reliability b. All evidence must have the same level of persuasiveness C. All are false d....
Study smarter with the SolutionInn App