Prepare common-size statements and comment on the changes

Assignment Help Financial Accounting

Reference no: EM13914004

Accounting Connection- Vision, Inc.'s comparative balance sheets follow. Prepare common-size statements, and comment on the changes from 2013 to 2014. (Round to one decimal place.)

Vision, Inc. Comparative Balance Sheets December 31, 2014 and 2013
Assets	2014	2013
Current assets	$ 48,000	$ 40,000
Property, plant, and equipment (net)	260,000	200,000
Total assets	$308,000	$240,000
Liabilities and Stockholders' equity
Current liabilities	$ 36,000	$ 44,000
Long-term liabilities	180,000	120,000
Stockholders' equity	92,000	76,000
Total liabilities and stockholders' equity	$308,000	$240,000

Reference no: EM13914004

Questions Cloud

Unlimited life of company : Unlimited life of company that continues in existence after original owners die or leave the company

What method to determine an appropriate marketing budget : The advertising strategy of the business to business market has differences with the business to consumer market - each is unique. How do you think your strategy or process would change from a B2B market vs. a B2C market? Or, would it be the same?

Deposable spoons to revamp coffee carts : 15 Sold 4 boxes of Deposable Spoons to Revamp Coffee Carts for $560 each, Invoice No. 507-16 Quick Bolt Coffee paid $900 in partial payment of their account.

Income statement : Using appropriate headings and subtotals, prepare a multiple-step consolidated income statement (showing gross profit, operating income, and any other subheadings you deem appropriate). (Enter your answers in thousands rounded to 1 decimal place.)

Prepare common-size statements and comment on the changes : Vision, Inc.'s comparative balance sheets follow. Prepare common-size statements, and comment on the changes from 2013 to 2014.

How has do-not-call legislation helped direct marketers? : How has do-not-call legislation helped direct marketers?

Calculate the break-even point in sales : Calculate the break-even point in sales dollar-Should Dr. Peterside buy this company.

Calculate the maximum speed : The centre of gravity of the caravan is 1.2 m above the road. Half the track (distance laterally between wheels) is 0.85 m. Calculate the maximum speed in m/s that the caravan can go round the corner without overturning or sliding.

User Account

All Pages