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H . Kalas Inc. H . Kalas Inc. Income Statement Comparative Balance Sheets For years ended December 3 1 , 2 0 1 7 and
H Kalas Inc. H Kalas Inc.
Income Statement Comparative Balance Sheets
For years ended December and December and
Change
Current assets:
Sales all on credit $ $ Cash $
$
$
Cost of goods sold Accounts receivable net
Gross margin Inventory
Prepaid expenses
Depreciation expense Other current assets
Other operating expenses Total current assets
Total operating expenses
Operating income Longterm Investments
Other income expenses Plant assets
Interest expense Less: accumulated depreciation
Gain on sale of investments Total plant assets
Loss on sale of plant assets Total assets
Total other income expenses
Current liabilities:
Income before income taxes Accounts payable $ $ $
Income taxes expense Accrued liabilities
Net income $ $ Income taxes payable
Total current liabilities
H Kalas Inc. Long term liabilities:
Statement of Retained Earnings Notes Payable
For the year ended December Total liabilities
Ret. earnings, Jan. $ $ Stockholders' equity
Add: net income Common stock, $ par value
Deduct: Dividends Additional paidin capital
Increase in retained earnings Retained earnings
Ret. earnings, Dec. $ $ Total stockholders equity
Total liabilities and stockholders equity $ $ $
Other information:
Shares of common stock outstanding
Earnings per share $ $
Dividends per share $ $
Market price per share, common stock $ $
Prepare the cash flows from operations section of H Kalas Inc.s statement of cash flows using the indirect method. Enter items to be subtracted as negative values.
Prepare a vertical analysis on the partial income statements for and Enter decreases as negative amountspercents
Prepare a vertical analysis on the partial balance sheets for and Enter decreases as negative amountspercents
Prepare a vertical analysis on the partial income statements for and
Prepare a vertical analysis on the partial balance sheet for and
ratios
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