Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

managerial accounting problem just need help Here is financial information for Pharoah Express Inc December 31, 2021 December 31, 2020 Current assets 5 165,300 $

managerial accounting problem just need help
image text in transcribed
Here is financial information for Pharoah Express Inc December 31, 2021 December 31, 2020 Current assets 5 165,300 $ 114.000 Property, plant and equipment 489.090 411000 125.050 82.000 167.990 107.000 Current liabilities Long-term liabilities Common stock 51 par Retained earnings 183.480 132.000 177870 204.000 Prepare a horizontal analysis for 2021 using 2020 as the base year. (Round percentages to 1 decimal place es 12.1x Enter negative amounts using either a negative sist preceding the number eg -45 or parentheseses 1451) PHARDAHEXPRESS INC Condensed Balance Sheet December 31 Increase or Decrease) Assets 2021 2020 Amount Percentage Current assets 5 165,300 $ 114.000 $ Property, plant and equipment 489090 411,000 Total assets 5 654.390 $ 525.000 S Liabilities Current liabilities $82.000 5 125.050 Long-term liabilities 167.990 107.000 5 293,040 Total liabilities $ 189,000 $ Stockholders' Equity $ 183480 $ Common Stock Sipar 132.000 Retained earnings 177,870 204.000 3 Total stockholders' equity 361.350 336.000 * Totaliabilities and stodicholders equity 5 654390 5 525.000 5

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

Lawyers And The Proceeds Of CrimeThe Facilitation Of Money Laundering And Its Control

Authors: Katie Benson

1st Edition

1138744867, 9781138744868

More Books

Students also viewed these Accounting questions