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hi I am in my last hour of team assignment I have been sick the past three days and i need help with doing a
hi I am in my last hour of team assignment I have been sick the past three days and i need help with doing a vertical analysis of the balance statement and the income statement for Kudler Fine Foods. I don't have much money but I'm willing to pay something this get help with this assignment for the sake of my team.
\fKudler Fine Foods Balance Sheet December 31, 2003 Assets Current Assets: Cash Accounts Receivable Less: Reserve for Bad Debts $1,430,000 $86,000 $0 $86,000 Merchandise Inventory Prepaid Expenses Notes Receivable Total Current Assets Fixed Assets: Vehicles Less: Accumulated Depreciation Furniture and Fixtures Less: Accumulated Depreciation Equipment Less Accumulated Depreciation $86,000 $429,000 $26,000 $0 $1,971,000 $63,000 $27,750 $35,250 $35,250 $435,000 $186,000 $249,000 $1,971,000 $249,000 $634,000 $214,000 $420,000 Total Fixed Assets $420,000 $704,250 $704,250 Other Assets: Goodwill Total Other Assets $0 $0 $0 Total Assets $2,675,250 Liabilities and Capital Current Liabilities: Accounts Payable Sales Tax Payable Payroll Taxes Payable Accrued Wages Payable Unearned Revenues Short-Term Notes Payable Short-Term Bank Loan Payable Total Current Liabilities $96,500 $3,950 $15,840 $0 $0 $0 $0 $116,290 $116,290 Long-Term Liabilities: Long-Term Notes Payable Total Long-Term Liabilities $630,000 $630,000 $630,000 Total Liabilites Capital: Owner's Equity Net Profit Total Capital Total Liabilities and Capital $746,290 $746,290 $1,182,670 $1,928,960 $746,290 $1,928,960 $2,675,250Step by Step Solution
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