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The 2023 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks Inc. Balance sheet December 31, 2023 AssetsCashCurrentnon-strategicinvestmentsAccountsreceivable,netNotesreceivableInventoryPrepaidexpensesPlantandequipment,netTotalassetsLiabilitiesandEquityAccountspayableAccruedwagespayableIncometaxespayableLong-termnotepayable,securedbymortgageonplantCommonshares,160,000sharesRetainedearningsTotalliabilitiesandequity$4,00026,64053,88012,36061,7406,120335,520$520,260$99,5606,6007,500119,400201,000136,200$520,260 Assume all sales were on credit. Also
The 2023 financial statements of Outdoor Waterworks Inc. follow: Outdoor Waterworks Inc. Balance sheet December 31, 2023 AssetsCashCurrentnon-strategicinvestmentsAccountsreceivable,netNotesreceivableInventoryPrepaidexpensesPlantandequipment,netTotalassetsLiabilitiesandEquityAccountspayableAccruedwagespayableIncometaxespayableLong-termnotepayable,securedbymortgageonplantCommonshares,160,000sharesRetainedearningsTotalliabilitiesandequity$4,00026,64053,88012,36061,7406,120335,520$520,260$99,5606,6007,500119,400201,000136,200$520,260 Assume all sales were on credit. Also assume the long-term note payable is due in 2026 , with no current portion. On the December 31 , 2022, balance sheet, the assets totalled $441,720, common shares were $201,000, and retained earnings were $113, 040. Required: Calculate the following: (Use 365 days in a year. Do not round your intermediate calculations. Round the answers to 2 decimal places.) The condensed comparative statements of Uranium Mining Corporation follow: Analysis Component: Identify whether the ratios calculated above are favourable or unfavourable to the industry averages. 3 Required: Calculate trend percentages for the items of the statements using 2017 as the base year. (Round your final percentoge answers to 1 decimal place.)
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