Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Old MathJax webview please help me to finish this course Take me to the text You have been asked to examine the financial statements for
Old MathJax webview
please help me to finish this course
Take me to the text You have been asked to examine the financial statements for Jade Inc. and to comment on trends. 2) Use horizontal analysis tools to compare the changes between 2019 and 2020 line items for the balance shee Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all answers to 2 decimal places Jade Inc Balance Sheet As at September 30 2020 2019 % Change Current Assets Cash 5322,200 $329 600 -0.22 Accounts Receivable $225,300 $ 194 100 16.07 inventory 5418 1001 $338.900 7.51 Sort-Term investments $ 139,700 - $117.200 Tots Current Assets $1,10300/S1029 800 Other Assets 5401200 5319.500 To Assets 1$ 1.505 500 $1,349 300 rentes $212200 5248,300 98 669 4001 S 112 2001 Hotels $281600-5355 500 Shareholder $24.900:5998800 Ostabilities and Equity 596,5COS. 329 b) Use vertical analysis tools to compare line items to the sales base figure. Jade Ing. Income Statement For the Year Ended September 30 2020 Sales $695,000 Cost of Sales $382 250 Gross Profit $32.750 Operating Expenses Advertising Expense Bank Charges Expense Communition penis Deprecation Expense ofessional Fest Expense antense Repair and Maintenance Expense are and Wages Expense Transportation Expense 200 Ucilities Expense Tote Operating Expenses $111.300 201 252 Take me to the text You have been asked to examine the financial statements for Jade Inc. and to comment on trends. a) Use horizontal analysis tools to compare the changes between 2019 and 2020 line items for the balance shee Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. Round all answers to 2 decimal places. Jade InG Balance Sheet As at September 30 2020 2019 % Change Current Assets Cash $322 2001 $329 600 Accounts Receivable $225,300 $ 194 100 16.07 90 5418 1005 5388.900 7.51 Short Term Investments $139,700 $117200 $1109 300 $ 1.029 800| Do Total Current Assets Other Assets $401 200 5319.500 $1,506 500$ 1,549,300 Current Liabiles $212 200 $243300 Long Term Debu 169 4001 $112 200 Hoteliabilities $9.500 NA greholders uity Hotel abilities and Ecu 506 59 300
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started