Prepare schedules showing the amount and percentage changes

Assignment Help Financial Accounting

Reference no: EM131191576

Rylander Corporation Comparative Balance Sheets December 31, 2014 and 2013

Cash	Assets	2014 $ 162,400	2013 $ 81,600
Accounts receivable (net)		471,200	458,400
Inventory		1,149,600	1,189,600
Property, plant, and equipment (net)		1,500,000	1,440,000
Total assets		$3,283,200	$3,169,600
Liabilities and Stockholders' equity
Accounts payable		$ 535,200	$ 954,400
Notes payable (short-term)		400,000	800,000
Bonds payable		800,000	-
Common stock, $10 par value		800,000	800,000
Retained earnings		748,000	615,200
Total liabilities and stockholders' equity		$3,283,200	$3,169,600

Required

1. Prepare schedules showing the amount and percentage changes from 2013 to 2014 for the comparative income statements and the balance sheets. (Round to one deci- mal place.)

2. Prepare common-size income statements and balance sheets for 2013 and 2014. (Round to one decimal place.)

3. ACCoUntinG ConneCtion ? Comment on the results in requirements 1 and 2 by identifying favorable and unfavorable changes in the components and composition of the statements.

Reference no: EM131191576

Questions Cloud

Keynesian theory of output : In the Keynesian theory of output what is the mechanism that brings about the equilibrium level of output determined by aggregate demand?

What is the price of the bill : What problems would confront a mutual fund trying to create an index fund tied to an equally weighted index of a broad stock market?

What other motivations may prompt such alliances : Discuss the reasons that companies embark on cross-border strate- gic alliances. What other motivations may prompt such alliances?

What is involved in strategic implementation : What is involved in strategic implementation? What is meant by creating a "system of fits" with the strategic plan?

Prepare schedules showing the amount and percentage changes : Prepare schedules showing the amount and percentage changes from 2013 to 2014 for the comparative income statements and the balance sheets.

Find a news article that discusses changes : Go to the internet and find a news article that discusses changes in demand and supply of particular goods, summarize key points and post in the Discussions area.

Discuss the determinants of the equilibrium growth rate : what extent is the answer to this question sensitive to the details of the specification we have used?

Demand curve to the left in microeconomics : What factors shift the demand curve to the left in microeconomics?

Identify the methods used to test dna : Describe the biological evidence obtained at the crime scene. Identify the preservation and collection of the various types of biological evidence.

User Account

All Pages