Homework Help Question & Answers

Conduct a horizontal analysis (comparative analysis) for the balance sheets of Gian’s Italian Cuisine as of...

  1. Conduct a horizontal analysis (comparative analysis) for the balance sheets of Gian’s Italian Cuisine as of November 30 and December 31, 2016.

November

December

Current Assets:

Cash

9,000

14,000

Accounts Receivable

10,000

11,500

Food Inventory

4,000

3,538

Beverage Inventory

6,000

3,950

Prepaid Rent

18,000

20,000

     Total Current Assets

Fixed Assets:

Furniture, Fixture & Equipment (FF&E)

7,500

9,870

Accumulated Depreciation (FF&E)

(3,030)

(4,000)

Building

20,000

20,000

Long term Investments

5,000

8,580

     Long Term Assets

29,470

34,450

Total Assets

Current Liabilities:

Accounts Payable

7,000

6,790

Accrued Payroll

5,400

6,540

Accrued Taxes

5,500

3,500

     Total Current Liabilities

Long Term Debt

10,000

12,000

     Total Liabilities

Owner's Equity

39,000

40,620

Retained Earnings

9,570

17,988

    Total Owner's Equity

Total Liabilities and Owner's Equity

0 0
Next > < Previous
Answer

This Homework Help Question: "Conduct a horizontal analysis (comparative analysis) for the balance sheets of Gian’s Italian Cuisine as of..." No answers yet.

Be the First!

Request Answer

Request answer!

We need 10 more requests to produce the answer to this homework help question. Share with your friends to get the answer faster!

0 /10 have requested the answer to this homework help question.

Request! (Login Required) Share with friends


Once 10 people have made a request, the answer to this question will be available in 1-2 days.
All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
Conduct a horizontal analysis (comparative analysis) for the balance sheets of Gian’s Italian Cuisine as of...
Your Answer: Your Name: What's your source?
Similar Homework Help Questions
  • please solve correclty use this spreadsheet this is an example of how to do with difffent...

    please solve correclty use this spreadsheet this is an example of how to do with difffent imformation, please follow this example to complete the excercise RHIM 4322 * Homework 3* Ratio Analysis Please complete and show work in an excel spreadsheet following the Demo Exercise. Do transfer the financial data to the spreadsheet. However, no need to show the explanatory notes like what is being provided in the Demo Exercise. Submit the Homework spreadsheet using this filename "RHIM4322-Last Name-Homework 3"...

  • Exercise 13-5 Your answer is partially correct. Try again. Suppose the comparative balance sheets of Marin...

    Exercise 13-5 Your answer is partially correct. Try again. Suppose the comparative balance sheets of Marin Inc. are presented here. MARIN INC. Condensed Balance Sheet May 31 ($ in millions) 2017 2016 Assets Current Assets $9,730 $8,880 Property, plant, and equipment (net) 1,870 1,840 Other assets 1,470 1,780 Total assets $13,070 $12,500 Liabilities and Stockholders' Equity Current Liabilities $3,160 $3,330 Long-term liabilities 1,330 1,370 Stockholders’ equity 8,580 7,800 Total liabilities and stockholders' equity $13,070 $12,500 (a) Prepare a horizontal analysis...

  • Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets...

    Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $10,500 $8,400 Current assets Property, plant, and equipment (net) 2,006 1,700 Other assets 1,900 1,406 $13,912 $12,000 Total assets Liabilities and Stockholders' Equity $3,069 $3,100 Current liabilities Long-term liabilities 1,248 1,300 Stockholders' equity 9,595 7,600 $13,912 $12,000 Total liabilities and stockholders' equity Prepare a horizontal analysis of the balance sheet data for Nike, using 2019 as...

  • Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets...

    Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets Current assets $9,102 $8,200 Property, plant, and equipment (net) 1,890 1,800 Other assets 1,653 1,900 Total assets $12,645 $11,900 Liabilities and Stockholders' Equity Current liabilities $3,564 $3,600 Long-term liabilities 1,164 1,200 Stockholders' equity 7,917 7,100 Total liabilities and stockholders' equity $12,645 $11,900 (a) Prepare a horizontal analysis of the balance sheet data for Nike, using 2019...

  • A. Perform horizontal analysis and vertical analysis (for 2019 only) on the comparative balance sheet. In...

    A. Perform horizontal analysis and vertical analysis (for 2019 only) on the comparative balance sheet. In your answer please remember to indicate if it is an INCREASE or (DECREASE) and round your findings to ONE decimal place [e.g. -32.996% is -33.0% or minus 33.0% or (33.0%). B. Calculate the current ratio for 2019. C. Assuming credit sales for 2019 were $300,000 calculate the receivables turnover ratio for 2018. D. Calculate the days in receivables ratio for 2019. E. Calculate the...

  • calculate ROI for 2017 resented here are the comparative balance sheets of Hames, Inc., at December...

    calculate ROI for 2017 resented here are the comparative balance sheets of Hames, Inc., at December 31, 2017 and 2016. Sales fo HAMES, INC., Balance Sheets December 31, 2017 and 2016 2017 2016 $ 20,000 78,000 103,000 $ 201,000 50,000 125,000 (65,000) $ 311,000 $ 21,000 72,000 99,000 $ 192,000 40,000 110,000 (60,000) $ 282,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other accrued...

  • uppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets...

    uppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets Current assets $ 10,088 $ 9,700 Property, plant, and equipment (net) 1,802 1,700 Other assets 1,558 1,900 Total assets $13,448 $13,300 Liabilities and Stockholders’ Equity Current liabilities $ 3,298 $ 3,400 Long-term liabilities 1,188 1,200 Stockholders’ equity 8,962 8,700 Total liabilities and stockholders’ equity $13,448 $13,300 (a) Prepare a horizontal analysis of the balance sheet data...

  • Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets...

    Suppose the comparative balance sheets of Nike, Inc. are presented here. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets Current assets $ 9,840 $ 8,200 Property, plant, and equipment (net) 1,802 1,700 Other assets 1,615 1,700 Total assets $13,257 $11,600 Liabilities and Stockholders’ Equity Current liabilities $ 3,366 $ 3,400 Long-term liabilities 1,344 1,400 Stockholders’ equity 8,547 6,800 Total liabilities and stockholders’ equity $13,257 $11,600 (a) Prepare a horizontal analysis of the balance sheet data...

  • 2. Perform a 2019 vertical analysis and a 2018-2019 horizontal analysis of the balance sheets for...

    2. Perform a 2019 vertical analysis and a 2018-2019 horizontal analysis of the balance sheets for DMZ, LLC provided below. What areas of concern, if any do these analyses highlight? Explain your answer. DMZ, LLC Balance Sheets As of December 31, 2018, and December 31, 2019 2018 2019 28,421 Cash 1,274 333,558 Accounts receivable 225,019 Inventory 319,887 321,006 3,750 Prepaid insurance 3.500 Total current assets 576,827 659,588 Equipment 385,000 385,000 Less: Accumulated depreciation 21,150 363,850 63,450 321,550 Net fixed assets...

  • P10.3 You have the following comparative balance sheets for a restaurant for the years ending December...

    P10.3 You have the following comparative balance sheets for a restaurant for the years ending December 31, 0007, and December 31, 0008. Calcu- late the change in working capital and prepare the restaurant's statement of sources and uses of working capital for the year ending December 31, 0008. Yr. 0007 Yr. 0008 ASSETS Current Assets Cash $14,800 $15,600 913 Credit card receivables 847 Accounts receivable 7,387 6,853 Food inventory Beverage inventory Total Current Assets 5,925 7,275 2,425 $33,000 1,975 $31,000...

Free Homework App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.