Accounting 1A Chapter 14 Financial Statement Analysis. Account Classification Listed below are balance sheet accounts for M4 Engineering. Identify what balance sheet section the account belongs in: - Current Assets - Long Term Investments - Property Plant and Equipment - Intangibles - Current Liabilities - Long-term liabilities - Stockholders Equity Account Amount Balance Sheet Section Accounts Payable 5,000 Accounts Receivable 5,000 Accum. Depreciation 20,000 Bonds Payable 50,000 Cash 20,000 Common Stock 25,000 Copyrights 30,000 Discount on Bonds Payable 2,500 Inventory 1,000 Investments (long term) 25,000 Machinery 100,000 Marketable Securities 15,000 PIC in Excess of Par - CS 75,000 Prepaid Insurance 3,000 Retained Earnings 23,500 Unearned Fees 1,000 Wages Payable 2,000 Calculate Balance Sheet Totals: Current Assets Long Term Investments Property Plant and Equipment Intangibles Total Assets Current Liabilities Long-term liabilities Total Liabilities

Accounting 1A Chapter 14 Financial Statement Analysis M. Baker Page 2 Calculate ratios. Show work. Additional Information: Sales (net credit) = $200,000 COGS = 120,000 Net Income = 50,000 Interest Expense =4,000 Prior Year Inventory = 23,000 Prior Year Accounts Receivable = 15,000 Prior Year Total Assets = 181,000 Working Capital: Current Ratio: Quick Ratio: Accounts Receivable Turnover Number of Days Sales in Receivables Inventory Turnover Number of Days Sales in Inventory