Question
Adam Bookstore Inc. Financial Information For the Years 2019 and 2020 ($000's) 20 19 2020 Belongs to Sales 2900000 2350000 Marketable Securities 25000 21000 BS/CA
Adam Bookstore Inc. Financial Information For the Years 2019 and 2020 ($000's) | |||
2019 | 2020 | Belongs to | |
Sales | 2900000 | 2350000 | |
Marketable Securities | 25000 | 21000 | BS/CA |
Accounts Payable | 505000 | 310000 | |
Depreciation | 62000 | 58000 | |
Common Stock ($2 par) | ? | ? | BS/OE |
Accumulated Depreciation | 547000 | 485000 | |
Cash | 52000 | 41000 | |
Interest Expense | 112000 | 68000 | |
Inventory | 515000 | 420000 | |
Long-term Debt | 1168100 | 1061000 | |
Cost of Goods Sold | 2030000 | 1645000 | |
Lease Expense | 65000 | 65000 | IS |
Retained Earnings | ? | 536000 | |
Plant & Equipment | 2680000 | 2170000 | |
Accounts Receivable | 420000 | 372000 | |
Accrued Expenses | 35000 | 30000 | BS/CL |
Selling & Admin. Expense | 425000 | 390000 | |
Additional Paid-in-Capital | 691000 | 542000 | BS/OE |
Note 1: | |||
Tax Rate | 0.35 | 0.35 | |
Shares | 38000 | 30000 | |
Earnings per Share | 3.523684211 | 2.686666667 | |
No dividend distributed in 2018 |
- Create Income Statement for 2020 and 2019 (15 Points)
- Create Balance Sheet for 2020 and 2019 (15 Points)
- Create Cash Flow Statement for 2020 (25 Points)
- Calculate one ratio for each category* for the year of 2020 and 2019 (15 Points)
* Liquidity, Efficiency, Leverage, Coverage, and Profitability Ratios.
- Discuss two of the ratios you calculated in question (d). Is this high/low etc.? What factors might affect the ratios you are discussing? Give a few examples. (10 Points)
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