Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Presented below are comparative statements of financial position for Nash LTD. Nash Ltd. Comparative Statements of Financial Position As of December 31, 2022 and 2021

image text in transcribedimage text in transcribedimage text in transcribed

Presented below are comparative statements of financial position for Nash LTD. Nash Ltd. Comparative Statements of Financial Position As of December 31, 2022 and 2021 December 31 2022 2021 Assets Fixed assets $2,585,300 $1.943,900 Accumulated depreciation (1,004,300) (749,000) Prepaid expenses 24,800 24,800 Inventories 1.055,100 970,300 Accounts receivable (net) 220,200 155,800 Short-term investments 267,500 148,900 Cash 180.100 274.700 $3.328,700 2,769,400 Equity and Liabilities $2,108,000 $1.768.300 Share capital-ordinary Retained earnings 554,000 537,600 Bonds payable 445,900 189,200 Accrued expenses 171,200 199,000 Accounts payable 49,600 75,300 $3,328,700 $2,769,400 Prepare a comparative statement of financial position of Nash Ltd. showing percentage each item's of the total assets or total a equity and liabilities. (Enter negative percentages using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round percentages to 2 decimal places, e.g. 2.25%.) NASH LTD Comparative Statement of Financial Position December 31, 2022 and 2021 December 31 Assets 2022 2021 Fixed assets $2,585,300 % $1,943,900 % Accumulated depreciation (1,004,300) % (749,000) % Prepaid expenses 24,800 % 24.800 % Inventories 1,055,100 % 970,300 % Accounts receivable (net) 220,200 % 155,800 % Short-term investments 267,500 % 148.900 % Cash 180,100 % de 274.700 % Total 3,328,700 se % 2,769.400 % Equity and Liabilities Share capital -ordinary $2.108,000 % 1,768,300 % Retained earnings 554,000 % 537,600 % Bonds payable 445,900 % 189.200 % Accrued expenses 171,200 199,000 % se Accounts payable 49,600 % % 75.300 se % Total 3,328,700 % 2,769.400 %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Which are non projected Teaching aids in advance learning system?

Answered: 1 week ago