Perform a horizontal analysis of this balance sheet

Assignment Help Accounting Basics
Reference no: EM133171543

Question - The following information is provided for Techno-World, a company specializing in providing Internet technology assistance for clients.


2012

2013

2014

2015

Cash

$1,000

$1,200

$1,400

$1,500

Accounts Receivable

250

375

600

900

Inventory

600

700

825

975

PP&E (net)

1,500

1,700

1,800

1,950

Notes Receivable

500

500

500

500

Total Assets

$3,850

$4,475

$5,125

$5,825

Accounts Payable

$700

$900

$1,000

$1,100

Other Current Liabilities

200

300

350

425

Notes Payable

1,200

1,400

$1,500

$1,750

Total Liabilities

$2,100

$2,600

$2,850

$3,275

Stock Outstanding

$1,000

$1,000

$1,000

$1,000

Retained Earnings

750

875

1,275

1,550

Total Shareholders' Equity

$1,750

$1,875

$2,275

$2,550

Total Liabilities and Shareholders' Equity

$3,850

$4,475

$5,125

$5,825

Required -

1. Perform a horizontal analysis of this balance sheet.

2. Then identify any accounts that may be questionable. Take into account technology industry trends when performing the analysis.

Reference no: EM133171543

Questions Cloud

Discuss rationale for disclosing related-party transactions : Discuss the rationale for disclosing related-party transactions with key management personnel regardless of its materiality
Leadership style-transformational and autocratic : Explain which leadership style you find to be the most effective: transactional, transformational, autocratic, democratic, liberal, or servant.
What is the total cost of buying and running this fleet : Insurance for the new fleet will cost $8,000 per year, payable at the start of each year. What is the total cost of buying and running this fleet
How do firms such as wal-mart enter foreign markets : 1. How do firms such as Wal-Mart enter foreign markets? 2. Why do they enter certain countries such as Brazil but not others?
Perform a horizontal analysis of this balance sheet : Then identify any accounts that may be questionable. Take into account technology industry trends when performing the analysis
Leadership strategies for communicating organizational : Explain how followers can play a vital role in decision-making and goal setting if they are highly engaged in organizational processes
Prepare the adjusting entries required : Prepare the adjusting entries required by the following information made available to you on December 31, 2018, the end of the accounting period
Belief systems-heart and soul of resilience : Why does Fromma Walsh refer to belief systems as the heart and soul of resilience?
Provide an example of a moral dilemma : Provide an example of a moral dilemma, explain why this dilemma is difficult to solve

Reviews

Write a Review

Accounting Basics Questions & Answers

  Why may net cash flow from operating activities

Revenue represents the benefit a company experiences from operating its business. In accounting terms, revenues are increases in assets or decreases in liabilities resulting from business operations. Accrual accounting requires companies to recogn..

  Determine the amount of dividends paid to common stock

Please determine the amount of dividends paid to common and preferred stock for each scenario presented above

  Determine the three types of transfer taxes

Identify one of the transfer taxes and explain the formula for that tax. In addition, please recommend any planning concepts that should be considered

  Calculate Southfield Corporation weighted average cost

Use the following information to calculate Southfield Corporation's weighted average cost of capital: The risk free interest rate is 4%

  Prepare the journal entry that done on the friday payday

The business has an office employee who is paid $225 per day, works Monday through Friday, Prepare the journal entry that will be done on the Friday payday

  What is the impact on division c

This year you exercise the option and purchase 500 shares when the value is $31.50 a share. What is the impact on Division C

  How does the US system tax US multinational corporations

Specifically to the US domestic corporation, what are the U.S. tax advantages of, whether, forming a branch or a corporation in the foreign country? After TCJA

  In the capital asset pricing model

In the Capital Asset Pricing Model

  Discuss relative costs amp benefits for firms to

discuss relative costs amp benefits for firms to mandatorilydisclose information about their operating segments

  Prepare a direct materials purchases budget for svelte jeans

The Svelte Jeans Company produces two different types of jeans. Prepare a Direct Materials Purchases Budget for Svelte Jeans Company.

  What is the motivation behind the tax departments

as of december 30 2009 robin corporation a calendar year taxpayer has gross income from operations of 497000 expenses

  What are the two components of an agency net position

What are the two components of an agency net position? Describe the major causes of the year to year changes in each component.

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