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Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Laiho Industries: Balance
Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Laiho Industries: Balance Sheets as of December 31 (thousands of dollars) 2021 Cash $105,108 Accounts receivable 104,696 Inventories 38,021 Total current assets $247,825 Net fixed assets Total assets Accounts payable Accruals 2020 $ 91,555 85,772 35,005 66,723 $314,548 $212,332 43,495 $255,827 Notes payable Total current liabilities $ 77,975 Long-term debt Total liabilities $ 30,695 29,357 17,923 76,167 $154,142 105,000 $ 23,110 21,722 15,653 $ 60,485 63,517 $124,002 Common stock Retained earnings Total common equity Total liabilities and equity 55,406 $160,406 $314,548 95,000 36,825 $131,825 $255,827 The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Enter your answers in thousands. For example, an answer of $1 thousand should be entered as 1, not 1,000. Round your answers to the nearest whole number. Use a minus sign to enter negative values, if any.
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