Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please solve these question a,b,c,d,e 1: Horizontal Analysis Summary financial information for Rosepatch NV is as follows. Plant assets (net) December 31, 2020 December 31,
please solve these question a,b,c,d,e
1: Horizontal Analysis Summary financial information for Rosepatch NV is as follows. Plant assets (net) December 31, 2020 December 31, 2019 756,000 420,000 234,000 180,000 990,000 600,000 Current assets Total assets Compute the amount and percentage changes in 2020 using horizontal analysis, assuming 2019 is the base year. LO 1 2: Ratio Analysis The condensed financial statements of John Cully Group, for the years ended June 30, 20 20 and 2019 are presented below. John Cully Group Income Statements For the Year Ended June 30 (in thousands) 2020 2019 Sales revenue 6,336.3 5,790.4 Costs and expenses 1,617.4 1,476.3 Cost of goods sold Selling and administrative expenses 4,007.6 3,679.0 Interest expense 13.9 27.1 Total costs and expenses 5,638.9 5,182.4 Income before income taxes 697.4 608.0 Income tax expense 291.3 232.6 Net in come 406.1 375.4 LO 2 2: Ratio Analysis John Cully Group Statements of Financial Position June 30 (in thousands) Assets 2020 2019 Intangibles and other assets 876.7 849.3 694.2 647.0 Property, plant, and equipment (net ) Investments 12.3 12.6 Current assets 204.4 269.2 Prepaid expenses and other curr ent assets Inventory 768.3 653.5 Accounts receivable (net) 776.6 664.9 Cash 553.3 2302.6 611.6 2,199.2 Total assets 3,885.8 3,708.1 LO 2 2: Ratio Analysis John Cully Group Statements of Financial Position June 30 Equity and Liabilities 2020 2019 Shareholders' equity-ordinary 1,708.6 1,749.0 Non-current liabilities 679.5 637.1 Current liabilities 1,497.7 1,322.0 Total equity and liabilities 3,885.8 3,708.1 LO 2 2: Ratio Analysis a. Compute the following ratios for 2019. Current ratio b. Inventory turnover. (Inventory on 6/30/18 was 599.0). Profit margin. d. Return on assets. (Assets on 6/30/18 were 3,349.9.) Return on ordinary shareholders' equity. (Equity on 6/30/18 was 1,795.9.) C. e. LO 2
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