A.)

The comparative accounts payable and long-term debt balances of a company are provided below.

	Current Year	Previous Year
Accounts payable	$53,460	$59,400
Long-term debt	65,728	63,200

Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis? Enter all answers as positive numbers.

	Amount of Change	Increase/Decrease	Percentage
Accounts payable	$fill in the blank 1		fill in the blank 3 %
Long-term debt	$fill in the blank 4		fill in the blank 6 %

B.)

Vertical Analysis

Income statement information for Einsworth Corporation follows:

Sales	$264,000
Cost of goods sold	81,840
Gross profit	182,160

Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number.

blank Einsworth Corporation Vertical Analysis of the Income Statement

	Amount	Percentage
Sales	$264,000
Cost of goods sold	81,840
Gross profit	$182,160

C.)

Current Position Analysis

The following items are reported on a company's balance sheet:

Cash	$315,600
Marketable securities	246,600
Accounts receivable (net)	150,200
Inventory	274,000
Accounts payable	548,000

Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.

a. Current ratio
b. Quick ratio

D.)

Accounts Receivable Analysis

A company reports the following:

Sales	$280,320
Average accounts receivable (net)	17,520

Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.

a. Accounts receivable turnover
b. Number of days' sales in receivables	days

E.)

Inventory Analysis

A company reports the following:

Cost of goods sold	$344,925
Average inventory	76,650

Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.

a. Inventory turnover
b. Number of days' sales in inventory	fdays

F.)

Return on Total Assets

A company reports the following income statement and balance sheet information for the current year:

Net income	$287,270
Interest expense	50,690
Average total assets	2,380,000

Determine the return on total assets. If required, round the answer to one decimal place. fill in the blank 1 ......%