Question
1B. For each of the items listed below, indicate on which of the major statements they would be found (1, 2, 3 or 4) and
1B. For each of the items listed below, indicate on which of the major statements they would be found (1, 2, 3 or 4) and the amount shown on the statements above:
1. Balance sheet 3. Statement of cash flows
2. Income statement 4. Statement of retained earnings
1. Earnings before taxes for 2015_______; $_______
2. Gross plant and equipment for 2015 _______; $_______
3. Increase in fixed assets, December 31, 2015 _______; $_______
4. Net sales for 2015 _______; $_______
5. Balance of retained earnings, December 31, 2015 _______; $_______
6. Common stock and paid-in surplus for 2014 _______; $_______
7. Net cash flow from investing activities, December 31, 2015 _______; $_______
8. Increase in inventory, December 31, 2015 _______; $_______
9. Accrued wages and taxes for 2014 _______; $_______
10. Book value per share (BVPS) for 2015 _______; $_______
2. Youll need to compare your companys ratios with the industrys standards.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started