Common-size vertical analysis of the current assets

Assignment Help Accounting Basics
Reference no: EM131776676

Drucker Dynamics, Inc.
The current assets section of the balance sheets of Drucker Dynamics as of December 31, 2012 and 2011, is presented below.

2012 2011
Cash $80,800 $64,600
Accounts receivable, net 163,600 199,300
Inventory 216,000 261,200
Other current assets 20,700 17,800
Total Current Assets 481,100 542,900
Total Assets 3,167,000 3,947,000

Refer to the information provided for Drucker Dynamics. Complete a common-size vertical analysis of the current assets section of Drucker's balance sheet for 2012. Your answers should be expressed as percentages and rounded to one decimal place.

Reference no: EM131776676

Questions Cloud

Need help with coding a html5 website : Need help with coding a HTML5 website - Create a simple icecream shop website and they will lead the reader to the company's about page
Briefly explain direct conversion : Briefly explain direct conversion and Briefly explain parallel conversion
Prepare journal entry to recognize the income tax benefits : Required: Prepare the journal entry to recognize the income tax benefit of the operating loss in 2011. Fore selects the carryback option
What is the journal entry to record the exchange : Company traded in a manual pressing machine for an automated pressing machine and gave $24,000 cash
Common-size vertical analysis of the current assets : Complete a common-size vertical analysis of the current assets section of Drucker's balance sheet for 2012
Prepare the journal entries to record income taxes : The operational asset has a four-year life and no residual value. Prepare the journal entries to record income taxes for the years 2011 through 2014
What will the acid-test ratio be : A company has current assets of $604,000 and current liabilities of $218,000.
Determine the amounts necessary to record income taxes : Determine the amounts necessary to record income taxes for 2009 and prepare the appropriate journal entry
What is the software : What is the software and The pros and cons of the software - Any recommendations you would like to see added or removed from the software

Reviews

Write a Review

Accounting Basics Questions & Answers

  Glam company makes two products from a joint input that

glam company makes two products from a joint input that have the following information product x 50000 units produced

  Prepare monthly cash budgets for each of the first three

kayak co. budgeted the following cash receipts excluding cash receipts from loans received and cash disbursements

  Wilmington chemical company manufactures specialty

wilmington chemical company manufactures specialty chemicals by a series of three processes all materials being

  Find expressions for ad and vos in terms

An NMOS differential amplifier for which the MOSFETs have a transconductance parameter kn and whose drain esistances RD have a mismatch ? RD is biased with a current I. (a) Find expressions for Ad and VOS in terms of kn, RD, ?RD/RD, and I. Use the..

  How much is sitting in the td bank account as of now

Money is worth 8%. How much is sitting in the TD bank account as of now? Please round to the nearest whole number

  How much dividend income does skip inc have

Flash Co., distributed $40,000 to Skip Inc., a 25 percent shareholder. How much dividend income does Skip Inc. have

  Calculate the number of units the equipment was used

Calculate the number of units the equipment was used to produce in 2005.

  Discuss the potential tax consequence

Discuss the potential tax consequence that could result by deferring the sale of stock into a different tax year. Be specific with your recommendations

  Financially acceptable investment

How large would the annual net cash inflows from the intangible benefits have to be to make this a financially acceptable investment?

  Fabiano brothers co is considering an investment that

fabiano brothers co. is considering an investment that requires immediate payment of 550000 and provides expected cash

  What method does the company use to value its inventory

What method does the company use to value its inventory? What other alternatives are available under IFRS?

  The production department has been investigating possible

the production department has been investigating possible ways to trim total production costs. one possibility

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd