Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer all questions and use your own terms for missing things anything like use your own depriciation and please dont forget to do vertical and

answer all questions and use your own terms for missing things anything like use your own depriciation and please dont forget to do vertical and horizontal one thankyou make it for 2018-2019 image text in transcribed
image text in transcribed
Balance sheet example ASSETS Current assets Cash and cash equivalents Accounts receivable Inventory Prepaid expense Investments Total current assets TEDDY FAB INC. BALANCE SHEET December 31, 2100 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities $ 100,000 Accounts payable $ 30,000 20,000 Notes payable 10,000 15,000 Accrued expenses 5,000 4,000 Deferred revenue 2,000 10,000 Total current liabilities 47,000 149,000 Long-term debt 200,000 247,000 24,300 250,000 50,000 (5,000) Property and equipment Land Buildings and improvements Equipment Less accumulated depreciation Other assets Intangible assets Less accumulated amortization Total assets Total liabilities Shareholders' Equity Common stock Additional paid-in capital Retained earnings Treasury stock Total liabilities and shareholders' equity 10,000 20,000 197.100 (2.000) $ 472,100 4,000 (200) $ 472,100 1. Prepare and interpret financial statements in Horizontal & Vertical form 2. Compute and interpret financial ratios used to measure common shareholders' well-being. 3. Compute and interpret financial ratios used to measure short-term creditors' well-being 4. Compute and interpret financial ratios used to measure long-term creditors' well-being

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

Auditing IT Infrastructures For Compliance

Authors: Martin Weiss

1st Edition

0763791814, 978-0763791810

More Books

Students also viewed these Accounting questions