Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4 - Graded LP6.1 Assignment: X Class Corporate Accounting it X Problems X Course Hero X LP5.2 Excel Template Prob. 16 X + X C

image text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribed
4 - Graded LP6.1 Assignment: X Class Corporate Accounting it X Problems X Course Hero X LP5.2 Excel Template Prob. 16 X + X C A prod.reader-ui.prod.mheducation.com/epub/sn_beeda/data-uuid-99df760024d54f7d82ecbdd1a4e56ded G kk Paused E Aa PROBLEMS Problem 17-1A Calculation and analysis of trend percentages L LO2 The condensed comparative statements of Uranium Mining Corporation follow: Uranium Mining Corporation Income Statement ($000) For Years Ended December 31 2020 2019 2018 2017 2016 2015 2014 Net sales..... $997 $878 $802 $738 $692 $646 $544 Cost of goods sold. 698 569 491 431 401 376 310 Gross profit from sales......... $299 $309 $311 $307 $291 $270 $234 Operating expenses............ 214 170 157 118 104 102 88 Profit. $ 85 $139 $154 $189 $187 $ 168 $146 Uranium Mining Corporation Balance Sheet ($000) December 31 Type here to search O Fi 11:48 PM 2.C Clear AND() 10/21/20214 - Graded LP6.1 Assignment: X Class Corporate Accounting it X Problems X Course Hero X LP5.2 Excel Template Prob. 16 X + X C A prod.reader-ui.prod.mheducation.com/epub/sn_beeda/data-uuid-99df760024d54f7d82ecbdd1a4e56ded G kk Paused E Aa Uranium Mining Corporation Balance Sheet ($000) December 31 2020 2019 2018 2017 2016 2015 2014 Assets Cash... $ 43 $ 55 $ 57 $ 58 $ 61 $ 60 $ 62 Accounts receivable, net............. 292 306 278 214 189 179 126 Inventory........ 1,049 764 668 565 508 432 318 Other current assets... 30 27 16 28 25 25 14 Non-strategic investments......... 0 0 0 86 86 86 86 Plant and equipment, net.......... 1.292 1,288 1.131 646 667 596 514 Total assets....... $2,706 $2,440 $2,150 $1,597 $1,536 $1,378 $1,120 Liabilities and Equity Current liabilities.... $ 676 $ 567 $ 375 $ 312 $ 272 $ 258 $ 167 Non-current liabilities............. 720 628 611 286 292 316 242 Common shares.... 770 770 770 632 632 500 500 Type here to search O X 20C Clear AD() 11:50 PM 10/21/20214 - Graded LP6.1 Assignment: X Class Corporate Accounting it X Problems X Course Hero X LP5.2 Excel Template Prob. 16 X + X C A prod.reader-ui.prod.mheducation.com/epub/sn_beeda/data-uuid-99df760024d54f7d82ecbdd1a4e56ded G kk Paused E Aa 2020 2019 2018 2017 2016 2015 2014 Assets Cash.... $ 43 $ 55 $ 57 $ 58 $ 61 $ 60 $ 62 Accounts receivable, net............. 292 306 278 214 189 179 126 Inventory...... 1,049 764 668 565 508 432 318 Other current assets........... 30 27 16 28 25 25 14 Non-strategic investments.......... 0 0 0 86 86 86 86 Plant and equipment, net............. 1,292 1,288 1,131 646 667 596 514 Total assets.. $2,706 $2,440 $2.150 $1,597 $1,536 $1,378 $1,120 Liabilities and Equity Current liabilities...; $ 676 $ 567 $ 375 $ 312 $ 272 $ 258 $ 167 Non-current liabilities.. 720 628 611 286 292 316 242 Common shares... 770 770 770 632 632 500 500 Retained earnings... 540 475 394 367 340 304 211 Total liabilities and equity........... $2,706 $2,440 $2,150 $1,597 $1,536 $1,378 $1,120 Type here to search O Fi M 2 C Clear 11:50 PM 10/21/2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for business decision making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

6th Edition

978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895

More Books

Students also viewed these Accounting questions