Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help to create a horizontal and vertical analysis. All help is greatly appreciated. begin{tabular}{|c|c|c|c|} hline Statements of Financial Po & osition & &
Please help to create a horizontal and vertical analysis.
All help is greatly appreciated.
\begin{tabular}{|c|c|c|c|} \hline Statements of Financial Po & osition & & \\ \hline As of June 30,203,202, a & and 201 & & \\ \hline (In Thousands) & & & \\ \hline & June 30 . & June 30 . & June 30 . \\ \hline & 20203 & 202 & 201 \\ \hline Current assets: & & & \\ \hline Cash and cash equivalents & $2,388 & \$ 1,695 & $453 \\ \hline Accounts receivable, net of allowance for & & & \\ \hline doubtful accounts of $56;$171; and $105 & & & \\ \hline June 30,203;202; and 201, respectively & 5,592 & 3,432 & 2,094 \\ \hline Inventories & 9,434 & 5,034 & 3,266 \\ \hline Current portion of notes receivable & 2,681 & 1,592 & 622 \\ \hline Deferred income taxes & 211 & 209 & 299 \\ \hline Other current assets & 1,157 & 971 & 552 \\ \hline Total current assets & 21,463 & 12,933 & 7,286 \\ \hline Equipment and leasehold improvements, net & 6,940 & 910 & 600 \\ \hline Other assets & 183 & 167 & 163 \\ \hline Deferred income tax & 222 & 126 & 34 \\ \hline Intangible assets & 274 & 251 & 252 \\ \hline Total assets & $29,082 & \$ 14,387 & $8,335 \\ \hline Current Liabilities: & & & \\ \hline Notes payable & \$ 1,625 & 1,328 & $1,021 \\ \hline Current portion of long-term obligations under capital leases & 136 & 103 & 95 \\ \hline Accounts payable and accrued expenses & 5,862 & 3,871 & 2,307 \\ \hline Income taxes payable & 614 & 591 & 86 \\ \hline Total current liabilities & 8,237 & 5,893 & 3,509 \\ \hline Long-term obligations under capital leases & 367 & 161 & 79 \\ \hline Deferred income taxes & 242 & - & - \\ \hline Total liabilities & 8,846 & 6,054 & 3,588 \\ \hline Stockholders' equity: & & & \\ \hline Common stock & 183 & 56 & 37 \\ \hline Additional paid-in capital & 14,213 & 7,086 & 3,810 \\ \hline Retained earnings & 5,840 & 1,191 & 900 \\ \hline Total stockholders' equity & 20,236 & 8,333 & 4,747 \\ \hline Total liabilities and stockholders' equity & $29,082 & \$ 14,387 & $8,335 \\ \hline \end{tabular}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