Homework Answers
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SAGE HILL INC. |
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Condensed balance sheet |
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December 31 |
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Assets |
2017 |
2016 |
Change |
% change |
|
Current assets |
$ 1,10,200.00 |
$ 92,200.00 |
$ 18,000.00 |
19.5% |
|
Plant assets(net) |
$ 4,02,200.00 |
$ 3,54,200.00 |
$ 48,000.00 |
13.6% |
|
Total Assets |
$ 5,12,400.00 |
$ 4,46,400.00 |
$ 66,000.00 |
14.8% |
|
Liabilities |
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Current liabilities |
$ 1,01,200.00 |
$ 69,200.00 |
$ 32,000.00 |
46.2% |
|
Long term liabilities |
$ 1,26,200.00 |
$ 92,200.00 |
$ 34,000.00 |
36.9% |
|
Total liabilities |
$ 2,27,400.00 |
$ 1,61,400.00 |
$ 66,000.00 |
40.9% |
|
Stockholder’s equity |
||||
|
Common stock |
$ 1,34,200.00 |
$ 1,19,200.00 |
$ 15,000.00 |
12.6% |
|
Retained earnings |
$ 1,50,800.00 |
$ 1,65,800.00 |
$ (15,000.00) |
-9.0% |
|
Total Stockholder’s equity |
$ 2,85,000.00 |
$ 2,85,000.00 |
$ - |
0.0% |
|
Total Liabilities and stockholder's equity |
$ 5,12,400.00 |
$ 4,46,400.00 |
$ 66,000.00 |
14.8% |
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CALCULATOR FULL SCREEN PRINTER VER Exercise 13-3 Here is financial information for Sage Hill Inc December...
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Exercise 13-3
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Exercise 13-5 Suppose the comparative balance sheets of Sage Hill Inc., are presented here. SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions) 2019 2018 $9,680 2,040 1,490 $13,210 $8,760 1,830 1,640 $12,230 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $3,160 1,340 8,710 $3,310 1,370 7,550 $13,210 $12,230 (a) Prepare a horizontal analysis of the balance sheet data...
Here is financial information for Kingbird, Inc. December 31, 2017 December 31, 2016 Current assets $109,400 $ 92.200 Plant assets (net) 402.200 353.400 Current liabilities 101.200 68.400 Long-term liabilities 125,400 92,200 Common stock. $1 par 133,400 118.400 Retained earnings 151,600 166,600 Prepare a schedule showing a horizontal analysis for 2017. using 2016 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g.-55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, eg...
Suppose the comparative balance sheets of Sage Hill Inc. are presented here SAGE HILL INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets Property, plant, and equipment (net) Other assets Total assets $9.600 2,050 1.540 $8,700 1,840 1.740 $13.190 $12,280 Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities $3.220 $3.340 1,300 1330 8,670 7.610 $13,190 $12,280 Stockholders' equity Total liabilities and stockholders' equity (a) Prepare a horizontal analysis of the balance sheet data for Sage...
Exercise 13-3
Here is financial information for Marin Inc.
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Here is financial information for Metlock, Inc. December 31, 2017 December 31, 2016 Current assets $110,600 $ 94,400 Plant assets (net) 404,400 354,600 Current liabilities 103,400 69,600 Long-term liabilities 126,600 94,400 Common stock, $1 par 134,600 119,600 Retained earnings 150,400 165,400 Prepare a schedule showing a horizontal analysis for 2017 using 2016 as the base year. (If amount and percentage are a decrease show then e.g. -55,000, -20% or (55,000). (20%). Round percentages to 1 decimal place, e.3. 12.1%) METLOCK,...
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