Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Consider the following financial information about Sam's Cake Factory for Dec. 3 1 , 1 9 9 9 . The company assets are cash, $

Consider the following financial information about Sam's Cake Factory for Dec. 31,1999. The company assets are cash,
$3,350; notes receivable, $1,546; accounts receivable, $4,675; merchandise inventory, $2,345; land, $90,125; equipment,
$15,560. The liabilities are accounts payable, $18,575; wages payable, $25,432; notes payable, $26,821. The owner's cap-
ital is $46,773.
We also have the following financial information for Dec. 31,1998: The company assets are cash, $2,200; notes receiv-
able, $1,490; accounts receivable, $4,496; merchandise inventory, $2,857; land, $85,945; equipment, $17,651. The liabili-
ties are accounts payable, $16,532; wages payable, $22,351; notes payable, $24,956. The owner's capital is $50,700.
(a) Create a balance sheet for each of the above.
(b) Perform a vertical analysis on each balance sheet.
(c) Perform a comparative analysis of the two balance sheets.
(d) Perform a horizontal analysis using the two balance sheets.
Compose and present the financial spreadsheets using EXCEL.
You will need to present full financial statement spreadsheets for each problem that demonstrates ALL of your analysis.
A separate spreadsheet analysis must be presented for each assigned problem.
All analysis is to be shown on the excel documents for each problem.
Please present full financial statement spreadsheets in excel for each of the assigned problems. Show ALL calculations, comparisons, etc. on the spreadsheets.
PLEASE EXPLAIN HOW TO DO IN EXCEL
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions