Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need your help with this Prepare a Vertical Analysis using Excel J & J SNACK FOODS CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands,

I need your help with this

image text in transcribed
Prepare a Vertical Analysis using Excel J & J SNACK FOODS CORP. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands, except share amounts) Sept. 25, 2021 2021% Sept. 26, 2020 2020% Favorable or Assets Unfavorable Current assets Cash and cash equivalents 283,192 195,809 Marketable securities held to maturity 7.980 51,091 Accounts receivable, net 162,939 140,938 Inventories 123,160 116,165 Prepaid expenses and other 7,498 5,768 Total current assets 584,769 506.357 Property, plant and equipment, at cost 757,242 676,724 Less accumulated depreciation and amortization 490,055 423,276 Property, plant and equipment, net 267,187 253,448 Other assets Goodwill 121,833 102,511 Other intangible assets, net 77,776 54,922 Marketable securities held to maturity 4,047 79,360 Marketable securities available for sale 10,084 19,903 Operating lease right-of-use assets 54,555 Other 1,968 2.838 Total other assets 270,263 259,534 Total Assets 1,122,219 1,019,339 Liabilities and Stockholders' Equity Current Liabilities Current finance lease liabilities 182 339 Accounts payable 96,789 72,029 Accrued insurance liability 16,260 10,45 Accrued liabilities 10,955 7,808 Current operating lease liabilities 13,395 Accrued compensation expense 17,968 21,154 Dividends payable 12,080 9.447 Total current liabilities 167,629 121,234 Noncurrent finance lease liabilities $ 392 718 Noncurrent operating lease liabilities 46,557 Deferred income taxes 61,578 61,920 Other long-term liabilities 409 1,716 Stockholders' Equity Preferred stock, $1 par value; authorized 10,000,000 shares; none issued Common stock, no par value; authorized, 50,000,000 shares; issued and 73,597 45,744 outstanding 19,084,000 and 18,915,000 respectively Accumulated other comprehensive loss -13,383 (12,988) Retained Earnings 785,440 800,995 Total stockholders' equity 845,654 833,751 Total Liabilities and Stockholders' Equity 1,122,219 $ 1,019,339

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey Of Accounting

Authors: Thomas Edmonds, Philip Olds, Frances McNair, Bor-Yi Tsay

1st Edition

0073526770, 9780073526775

More Books

Students also viewed these Accounting questions

Question

1. Information that is currently accessible (recognition).

Answered: 1 week ago