Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Given below is two year Balance sheet of Afghanistan Store. You are required to do horizontal analysis and identify how changes happened over two years?
Given below is two year Balance sheet of Afghanistan Store. You are required to do horizontal analysis and identify how changes happened over two years?
September 24, 2011 CONSOLIDATED BALANCE SHEETS ASSETS: September 29, 2012 Current assets: Cash and cash equivalents ........ $ 10,746 Short-term marketable securities ....... 18,383 Accounts receivable, less allowances of $98 and $53, respectively... 10,930 Inventories ......... 791 Deferred tax assets ........... 2,583 Vendor non-trade receivables ................................ 7,762 Qher current assets ........................ 6,458 Total current assets ....... 57,653 Long-term marketable securities ........... 92,122 Property, plant and equipment, net ... 15,452 Goodwill .................................... 1,135 Acquired intangible assets, net ........ 4,224 Other assets 5,478 Total assets ............... $176,064 $ 9,815 16,137 5,369 776 2,014 6,348 4,529 44,988 55,618 7,777 896 3,536 3,556 $116,371 LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable ........... Accrued expenses .................. Deferred revenue ......... Total current liabilities ..................... Deferred revenue - non-cument ............................... Qher non-cument liabilities................................. Total liabilities ........................................ $ 21,175 11,414 5,953 38,542 2,648 16,664 57,854 $ 14,632 9,247 4,091 27,970 1,686 10,100 39,756 Commitments and contingencies Shareholders' equity: Common stock, no par value; 1,800,000 shares authorized; 939,208 and 929,277 shares issued and outstanding, respectively ......... Retained eamings......... Accumulated other comprehensive income ......... Total shareholders' equity ........... Total liabilities and shareholders' equity ...... 13,331 62,841 443 16,422 101,289 499 118,210 $176,064 76,615 $116,371Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started