Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Selected comparative financial statements of Deuce Company follow.
DEUCE COMPANY
Comparative Income Statements
For Years Ended December 31,2012-2006
($ thousands)
2012
2011
2010
2009
2008
2007
2006
Sales
$660
$710
$730
$780
$840
$870
$960
Cost of goods sold
376
390
394
414
440
450
480
Gross profit
284
320
336
366
400
420
Operating expenses
184
204
212
226
240
244
250
Net income
$100
$116
$124
$140
$160
$176
$230
Comparative Balance Sheets
December 31,2012-2006
Assets
Cash
$ 34
$ 36
$ 42
$ 44
$ 50
$ 52
$ 58
Accounts receivable, net
120
126
130
134
140
144
150
Merchandise inventory
156
162
168
170
176
180
198
Other current assets
24
26
28
30
Long-term investments
20
16
100
Plant assets, net
410
312
328
354
Total assets
$770
$782
$802
$788
$814
$834
$890
Liabilities and Equity
Current liabilities
$138
$146
$180
$200
$250
$270
Long-term liabilities
82
110
132
138
Common stock
Other paid-in capital
60
Retained earnings
340
316
260
220
160
Total liabilities and equity
Required
1. Compute trend percents for all components of both statements using 2006 as the base year.
2. Analyze and comment on the financial statements and trend percents from part 1.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd