Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE ANSWER ALL QUESTIONS FOR THUMBS UP Please find the annual report (link given) and answer following questions:- http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzY4NTQ0fENoaWxkSUQ9LTF8VHlwZT0z&t=1&cb=636238232533148215 1) How did net income as

PLEASE ANSWER ALL QUESTIONS FOR THUMBS UP

Please find the annual report (link given) and answer following questions:-

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzY4NTQ0fENoaWxkSUQ9LTF8VHlwZT0z&t=1&cb=636238232533148215

1) How did net income as a percentage of revenue change in the current year? Wha titems in the income statement explain the change in income from continuing operations as a percentage of revenue?

2) Generally accepted accounting principles in the U.S. require amounts related to discontinued operations be shown, net of taxes, at the bottom of the income statement. If any of these items are present, describe the nature and amount.

3) Did total assets increase or decrease? What were the primary reasons for the change in total assets?

4) Using the annual report attached (link given), please answer that what were the three most significant uses and sources of cash?

5) Would potential lenders prefer the debt to total assets ratio to be larger or smaller? Why?

6)

image text in transcribed

Common-Size Analysis of Balance Sheet In the balance sheet, common-size analysis is performed by expressing accounts as a percentage of total assets. These percentages are often compared to the percentage of previous years or to the percentages calculated for another corporation in the same industry. Complete the common-size analysis for the following items in the balance sheet (Check your calculations on the Common-Size Analysis tab) 17.4% 0.4% 98.8% 0.0% 1.2% 18.6% 0.4% 98.9% 0.0% 1.1% Current Assets Long-term Investments Fixed Assets Intangibles Other Assets Total Assets Current Liabilities Total Liabilities Stockholders' Equity 100.0% 12.8% 61.2% 38.6% 100.0% 12.1% 64.8% 35.1% 3. Which balance sheet accounts changed the most in comparison to the previous year? What events explain the reasons for the changes in these accounts

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

Investments Analysis And Management

Authors: Charles P. Jones, Gerald R. Jensen

14th Edition

1119578078, 978-1119578079

More Books

Students also viewed these Accounting questions

Question

Explain how labour relations practices differ around the world.

Answered: 1 week ago