Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Accounting is Awesome Financial Statement Report Assignment Create a report to present to the CEO of the corporation regarding the performance of the company. This

image text in transcribedimage text in transcribedimage text in transcribed Accounting is Awesome Financial Statement Report Assignment Create a report to present to the CEO of the corporation regarding the performance of the company. This report will be based on financial statements. Upload a PDF of your report into the Dropbox Reporting on Financial Statements. Follow the steps below to guide you in the creation of your report. You are welcome to add additional features to your report that are not included in the steps below. There is an Exemplar at the bottom of the document, for your reference. Step 1: Select V1, V2 or V3 from the note spreadsheet to complete analysis. BIU A39 MATH35 Module on Financial Mathematics Sample Financial Statements Accounting is Awesome Corporation Balance Sheet December 31 Assets Cash 2019 2018 Change (in 5) Change N 5,400 $2.500 (47.300 11 Accounts receive 54.000 2,000 52,000 12 hentory 32,600 1500 33.200 investments 90,000 90,000 Equipment Tutal assets 00,000 90,000 (10,000 262000 236.000 25,000 HOME Frage zayouts Calibri AA Copy Paste Format Painter BIU- A Cleboard A39 1 MATH35 Module on Financial Mathematics 2 Sample Financial Statements 3 7 Wrap Text General Merge Center-$-% %% Conditional Format Cell Formatting as Table Styles D E Accounting is Awesome Corporation Balance Sheet December 31 G 9 Assets 2019 10 Cash 5,400 2018 52,500 Change (in 5) (47,100) Change (in %) -90% 11 Accounts receivable 54,000 2,000 52,000 2600% 12 Inventory 32,600 1,500 31,100 2073% 13 Investments 50.000 90,000 0% 14 Net Equipment 80,000 90,000 (10,000) -11% 15 Total assets 262,000 236,000 26,000 11% 16 17 Liabilities and Equity 18 Accounts payable 19 Bonds payable 20 Common stock 21 Retained earnings 22 Total abilities and equity 24 25 26 40,500 12,000 28,500 6,000 31,000 (25,000) 75,000 60,000 15,000 140,500 133,000 7,500 262,000 236,000 26,000 238 [] 25 6% Accounting is Awesome Corporation Step 2: Take note of the rows that have a significant percent increase or decrease. Compute these significant percent changes and show this calculation in your report. Percent Change New-Original Original x 100 11 Accounts receivable 54,000 2,000 52,000 2600% 12 Inventory 32,600 1,500 31,100 2073% 13 Investments 90,000 90,000 0% 14 Net Equipment 80,000 90,000 (10,000) -11% 15 Total assets 262,000 236,000 26,000 11% 16 17 Liabilities and Equity 18 Accounts payable 19 Bonds payable 20 Common stock 21 Retained earnings 22 Total liabilities and equity 24 40,500 12,000 28,500 238% 6,000 31,000 (25,000) -81% 75,000 60,000 15,000 25% 140,500 133,000 7,500 6% 262,000 236,000 26,000 11% 25 26 Sheet 1 V1 V2 V3 Accounting is Awesome Corporation Step 2: Take note of the rows that have a significant percent increase or decrease. Compute these significant percent changes and show this calculation in your report. Percent Change New-Original Original 100 Step 3: Make any relevant graphs and comment on your findings

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

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

11th Canadian edition Volume 2

1119048540, 978-1119048541

More Books

Students also viewed these Accounting questions

Question

Outline the factors critical to setting performance measures.

Answered: 1 week ago

Question

Identify the main approaches to market segmentation.

Answered: 1 week ago