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214 Financial Analysis Part 1 Homework Problem 1 Calculate all the ratios you have learned for both Declan's Doodads and Bre (Cash Flow Homework). Market price of Declan's is $5.00 per share and Bra price per share is learned yden's Bobbles $6.00. Compare and contrast the two companies using the ratios you have 136 #8 Cash Flow Homework Problem 1 From the following information for Declan's Do Cash Flows for the year ended December 31, 2019. Doodads, prepare a Statement of Balance 12/31/19 Balance 12/31/18 38,900 45,000 95,900 78,000 70,000 3,600 320,000 80,000 130,000 32,000 39,000 2,000 12,000 6,500 10,000 130,000 310,000 140,000 1,200,000 700,000 220,000 48,000 46,000 60,000 15,000 6,000 4,000 27,000 Cash Accounts Receivable Prepaid Insurance Equ 2,600 280,000 20,000 Land Security Deposits Accounts Payable Wages Payable Rent Payable Interest Payable Taxes Payable Note Payable Common Stock ($1 each) Retained Earnings Sales Cost of Goods Sold Wage Expense Rent Expense Office Expenses Depreciation Expense Utilities Expense Insurance Expense Interest Expense ncome Tax Expense 20,000 30,000 10,000 4,000 7,500 5,000 150,000 160,000 90,000 The land was acquired on March 31, 2019 for cash. The additional common was sold on March 31, 2019 for $1 per share. The company did not sell any equipment during the year equipment purchased during the year was purchased for cash. The retained earnings balance for both years is after all closing entries have been made. The Note Payable requir payments of $20,000 principal plus interest at 10% on June 30th of each year. . All es 137 Problem 2 From the following informatober 31, 2018. of Cash Flows for enderd ing information for Brayden's Bobbles, prepare a Statement the year ended December 31, 2018. Balance Balance Cash 25,000 35,000 90,000 3,000 270,000 20,000 90,000 68,000 70,000 500 340,000 80,000 120,000 12,000 45,000 6,000 7,500 6,000 16,000 120,000 300,000 120,000 1,200,000 575,000 Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation Land Security Deposits 10,000 5,000 10,000 6,000 7,000 5,000 140,000 160,000 50,000 Accounts Payable Wages Payable Rent Payable Interest Payable Taxes Payable Note Payable Common Stock (SI each) Retained Earnings Sales Cost of Goods Sold Wage Expense Rent Expense Office Expenses Depreciation Expense Advertising Expense Insurance Expense Interest Expense Income Tax Expense 24,000 70,000 60,000 15,000 9,000 13,000 52,000 The equipment was acquired on September 30, 2018 for cash. The additional common stock was sold on June 30, 2018 for $1 per share. The company did not sell any equipment during the year. The land purchased during the year was purchased for cash. The retained earnings balance for both years is after all closing entries have been made. The Note Payable requires payments of $20,000 principal plus interest at 10% on June 3o" of each year Read the pages 138-141 before the next class 214 Financial Analysis Part 1 Homework Problem 1 Calculate all the ratios you have learned for both Declan's Doodads and Bre (Cash Flow Homework). Market price of Declan's is $5.00 per share and Bra price per share is learned yden's Bobbles $6.00. Compare and contrast the two companies using the ratios you have 136 #8 Cash Flow Homework Problem 1 From the following information for Declan's Do Cash Flows for the year ended December 31, 2019. Doodads, prepare a Statement of Balance 12/31/19 Balance 12/31/18 38,900 45,000 95,900 78,000 70,000 3,600 320,000 80,000 130,000 32,000 39,000 2,000 12,000 6,500 10,000 130,000 310,000 140,000 1,200,000 700,000 220,000 48,000 46,000 60,000 15,000 6,000 4,000 27,000 Cash Accounts Receivable Prepaid Insurance Equ 2,600 280,000 20,000 Land Security Deposits Accounts Payable Wages Payable Rent Payable Interest Payable Taxes Payable Note Payable Common Stock ($1 each) Retained Earnings Sales Cost of Goods Sold Wage Expense Rent Expense Office Expenses Depreciation Expense Utilities Expense Insurance Expense Interest Expense ncome Tax Expense 20,000 30,000 10,000 4,000 7,500 5,000 150,000 160,000 90,000 The land was acquired on March 31, 2019 for cash. The additional common was sold on March 31, 2019 for $1 per share. The company did not sell any equipment during the year equipment purchased during the year was purchased for cash. The retained earnings balance for both years is after all closing entries have been made. The Note Payable requir payments of $20,000 principal plus interest at 10% on June 30th of each year. . All es 137 Problem 2 From the following informatober 31, 2018. of Cash Flows for enderd ing information for Brayden's Bobbles, prepare a Statement the year ended December 31, 2018. Balance Balance Cash 25,000 35,000 90,000 3,000 270,000 20,000 90,000 68,000 70,000 500 340,000 80,000 120,000 12,000 45,000 6,000 7,500 6,000 16,000 120,000 300,000 120,000 1,200,000 575,000 Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation Land Security Deposits 10,000 5,000 10,000 6,000 7,000 5,000 140,000 160,000 50,000 Accounts Payable Wages Payable Rent Payable Interest Payable Taxes Payable Note Payable Common Stock (SI each) Retained Earnings Sales Cost of Goods Sold Wage Expense Rent Expense Office Expenses Depreciation Expense Advertising Expense Insurance Expense Interest Expense Income Tax Expense 24,000 70,000 60,000 15,000 9,000 13,000 52,000 The equipment was acquired on September 30, 2018 for cash. The additional common stock was sold on June 30, 2018 for $1 per share. The company did not sell any equipment during the year. The land purchased during the year was purchased for cash. The retained earnings balance for both years is after all closing entries have been made. The Note Payable requires payments of $20,000 principal plus interest at 10% on June 3o" of each year Read the pages 138-141 before the next class