Connect Ch 30 2 Required information The following information applies to the questioned below) 2 The comparative financial statements for Prince Company are below och Year Test Sales Cost of us sold Gross profit Operating prestane $167. 100 . $11,500 112,00 . SONO 22.4 6.720 T. . 3. 14, 10. $ 3. 17, But in Baleht tret) Tutor roty ats Current is interest teretiti teret) 1.600 shares etmeni Totalcalderet 14.30 43, 30, 21.00 11 Required 1. Complete metalowing cours for each em the preceding comparative financiaments (Enter your answer percentage rounded to 2 decimal places 01236 should be entered as 12.341. Decreases thould be indicated by a minus sign) 2 atas se Current is (no laterest) Long term les interest) Com stock (35 par walue. 5.600 shares outstanding Betalning Totalities and stockholders' equity 1 11,200 43, M. 18 10,29 41. 28. 2. . 2 ex Required: 1. Complete the following columns for each item in the preceding comparative financial statements Enter your answer os percentage rounded to 2 decimal places in 01234 should be entered on 12.34) Decreases should be indicated by a minus sign Prime PRINCE COMPANY contesta rences Dec from Year 10 Year Purch N Sales revenue Cost of goods sold Grosso Operating expenses and interest expense Preincome Income Net income 5 PRINCE COMPANY Balance Sheet Increase (Decrease) from Year 1 to Year 2 Amount Percent 98 Cash Accounts receivable (net) Inventory Property and equipment (net) 98 6 Total Assets % Current liabilities (no interest) Long-term liabilities (8% interest) Common stock ($5 par value, 5,600 shares outstanding) Retained earnings Total liabilities and stockholders' equity 96 90 Connect Ch 30 2 Required information The following information applies to the questioned below) 2 The comparative financial statements for Prince Company are below och Year Test Sales Cost of us sold Gross profit Operating prestane $167. 100 . $11,500 112,00 . SONO 22.4 6.720 T. . 3. 14, 10. $ 3. 17, But in Baleht tret) Tutor roty ats Current is interest teretiti teret) 1.600 shares etmeni Totalcalderet 14.30 43, 30, 21.00 11 Required 1. Complete metalowing cours for each em the preceding comparative financiaments (Enter your answer percentage rounded to 2 decimal places 01236 should be entered as 12.341. Decreases thould be indicated by a minus sign) 2 atas se Current is (no laterest) Long term les interest) Com stock (35 par walue. 5.600 shares outstanding Betalning Totalities and stockholders' equity 1 11,200 43, M. 18 10,29 41. 28. 2. . 2 ex Required: 1. Complete the following columns for each item in the preceding comparative financial statements Enter your answer os percentage rounded to 2 decimal places in 01234 should be entered on 12.34) Decreases should be indicated by a minus sign Prime PRINCE COMPANY contesta rences Dec from Year 10 Year Purch N Sales revenue Cost of goods sold Grosso Operating expenses and interest expense Preincome Income Net income 5 PRINCE COMPANY Balance Sheet Increase (Decrease) from Year 1 to Year 2 Amount Percent 98 Cash Accounts receivable (net) Inventory Property and equipment (net) 98 6 Total Assets % Current liabilities (no interest) Long-term liabilities (8% interest) Common stock ($5 par value, 5,600 shares outstanding) Retained earnings Total liabilities and stockholders' equity 96 90
