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I need Chapter 15 completed on excel please. I do not want you to send me a teachers' key, of any kind please. I will

I need Chapter 15 completed on excel please. I do not want you to send me a teachers' key, of any kind please. I will need this by 11/08/2016

image text in transcribed Chapter 15 PE 15-1A: Horizontal analysis The comparative temporary investments and inventory balances of a company follows. Current Year Previous Year $59,280 $52,000 70,690 76,000 Temporary investments Inventory Based on this information what is the amount and percentage of increase or decrease that would be shown in a balance sheet with horizontal analysis? EX 15-1: Vertical analysis of income statement Revenue and expense data for Gresham Inc. for two recent years are as follows. Current Year Previous Year $2,500,000 $2,350,000 1,500,000 1,292,500 Selling expenses 300,000 376,000 Administrative expenses 375,000 305,500 Income tax expense 150,000 141,000 Sales Cost of goods sold EX 15-4: Horizontal analysis of the income statement Income statement data for Moreno Company for two recent years ended December 31, are as follows. Sales Current Year Previous Year $1,120,000 $1,000,000 Cost of goods sold 971,250 875,000 148,750 $ 125,000 Selling expenses 71,250 52,500 Administrative expenses 56,000 50,000 Gross profits $ Total operating expenses $ 127,250 Income before income tax $ 21,500 Income tax expense Net income $ 112,500 $ 8,000 $ 13,500 12,500 5,000 $ 7,500 a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. Round to one decimal place. b. What conclusion can be drawn from the horizontal analysis? PR 15-4A: Nineteen measures of solvency and profitability The comparative financial statement of Bettancort Inc. are as follows. The market price of Bettancort Inc. common stock was $71.25 on December 31, 2016 Bettancort Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Retained earnings January 1 .................................................................. $2,655,000 $2,400,000 Add net income for year.......................................................................... 300,000 280,000 Total ........................................................................................................... $2,955,000 $2,680,000 Deduct dividends...................................................................................... On preferred stock............................................................................... $ 15,000 $ 15,000 On common stock................................................................................. 10,000 10,000 Total................................................................................................. $2,930,000 $2,655,000 Bettancort Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Sales................................................................................................................... $1,200,000 $1,000,000 Cost of goods sold........................................................................................... 500,000 475,000 Gross profit...................................................................................................... $ 700,000 $ 525,000 Selling expenses.............................................................................................. $ 240,000 $ 200,000 Administrative expenses................................................................................ 180,000 150,000 Total operating expenses............................................................................... $ 420,000 $ 350,000 Income from operations................................................................................ $ 280,000 $ 175,000 Other income interest....................................................................................... 166,000 $ 466,000 225,000 $ 400,000 Other expense (interest).................................................................................... 66,000 60,000 Income before income tax................................................................................. $ 380,000 $ 340,000 Income tax expense............................................................................................ 80,000 60,000 Net Income........................................................................................................... $ 300,000 $ 280,000 Bettancort Inc. Comparative Balance Sheet December 31, 2016 and 2015 Dec. 31,2016 Dec. 31, 2015 Cash.................................................................................................................. $ 450,000 $ 400,000 Marketable securities................................................................................... 300,000 260,000 Accounts receivable (net).............................................................................. 130,000 110,000 Inventories....................................................................................................... 67,000 58,000 Prepaid expenses............................................................................................ 153,000 139,000 Total current assets............................................................................... $1,100,000 $ 967,000 Long-term investments.................................................................................. 2,350,000 2,200,000 Property, plant, and equipment (net)......................................................... 1,320,000 1,188,000 Total assets...................................................................................................... $4,770,000 $4,355,000 $ 440,000 $ 400,000 Assets Current assets: Liabilities Current liabilities............................................................................................ Long-term liabilities Mortgage note payable, 8%, due 2021............................................... 100,000 $ 0 Bonds payable, 5%, due 2017............................................................... 1,000,000 Total long-term liabilities.................................................................. $1,100,000 $1,000,000 Total liabilities................................................................................................. $1,540,000 $1,400,000 1,000,000 Stockholders' Equity Preferred $0.75 stock, $10 par........................................................................ 200,000 $ 200,000 Common stock $10 par..................................................................................... 100,000 100,000 Retained earnings.............................................................................................. 2,930,000 2,655,000 Total stockholders' equity........................................................................... $ 3,230,000 $2,955,000 Total liabilities and stockholders' equity........................................................ $ 4,770,000 $4,355,000 Instructions: Determine the following measures for 2016, rounding to one decimal place: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. Working capital Current ratio Quick ratio Accounts receivable turnover Number of days' sales in receivables Inventory turnover Number of days' sales in inventory Ratio of fixed assets to long-term liabilities Ratio of liabilities to stockholders' equity Number of times interest charges are earned Number of times preferred dividends are earned Ratio of sales to assets Rate earned on total assets Rate earned on stockholders' equity Rate earned on common stockholders' equity Earnings per share on common stock Price-earnings ratio Dividends per share of common stock Dividend yield $

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