Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please review and provide a quick overall account management summary . What do the % say about how the business is doing. ONLY need focus

Please review and provide a quick overall account management summary. What do the % say about how the business is doing. ONLY need focus on a few items. Focus can be on the higher or lower end percentages that tell us the most about the company results.

image text in transcribed

Year Y % OF TOTAL Year Z % OF TOTAL AMOUNT AMOUNT $ 40,000.00 6.67% $ 20,000.00 3.33% $ 54,000.00 9.00% $ 135,000.00 22.50% $ 25,000.00 4.17% $ 274,000.00 45.67% $ 27,000.00 4.50% $ 270,000.00 45.00% $ 29,000.00 4.83% $ 600,000.00 100.00% $ 36,000.00 6.67% $ 6,000.00 1.11% $ 46,000.00 8.52% $ 143,000.00 26.48% $ 10,000.00 1.85% $ 241,000.00 44.63% $ 20,000.00 3.70% $ 255,000.00 47.22% $ 24,000.00 4,44% $ 540,000.00 100.00% Assets Current Assets Cash Marketable securities Accounts Receivable (net) Inventories Prepaid Items Current Assets Investments Plant (net) Land TOTAL ASSETS Liabilities and Stockholders Equity Liabilties Current Liabilities Notes Payable Accounts Payable Saleries Payable Total Current Liabilities NonCurrent Liabilities Bonds Payable Other Total NonCurrent Liabilities TOTAL LIABILITIES Stockholders Equity Preferred stock Common Stock Retained Earnings Total Stockholders Equity TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $ 17,000.00 2.83% $ 113,800.00 18.97% $ 21,000.00 3.50% $ 151,800.00 25.30% $ 6,000.00 1.11% $ 100,000.00 18.52% $ 15,000.00 2.78% $ 121,000.00 22.41% $ 100,000.00 16.67% $ 32,000.00 5.33% $ 132,000.00 22.00% $ 283,800.00 47.30% $ 100,000.00 18.52% $ 27,000.00 5.00% $ 127,000.00 23.52% $ 248,000.00 45.93% $ 80,000.00 13.33% $ 80,000.00 13.33% $ 156,200.00 26.03% $ 316,200.00 52.70% $ 600,000.00 100.00% $ 80,000.00 14.81% $ 80,000.00 14.81% $ 132,000.00 24.44% $ 292,000.00 54.07% $540,000.00 100.00% Year Y % OF TOTAL Year Z % OF TOTAL AMOUNT AMOUNT $ 230,000.00 96.64% $ 8,000.00 3.36% $ 238,000.00 100.00% $ 210,000.00 97.67% $ 5,000.00 2.33% $ 215,000.00 100.00% Revenues Sales (net) Other Revenues Total revenues Expenses COGS Selling, Gen and Admin Expenses Interest Expense Income Tax Expense Total Expenses Net Income $ 120,000.00 50.42% 55,000.00 23.11% $ 8,000.00 3.36% 23,000.00 9.66% $ 206,000.00 86.55% $ 32,000.00 13.45% $ 103,000.00 47.91% $ 50,000.00 23.26% $ 7,200.00 3.35% $ 22,000.00 10.23% $ 182,200.00 84.74% $ 32,800.00 15.26%

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

Financial Accounting The Cornerstone Of Business Decision Making

Authors: Jay S Rich, Jeff Jones, Linda Ann Myers

5th Edition

0357132696, 978-0357132692

More Books

Students also viewed these Accounting questions