Size Financial Statement A company financial statement that displays all items as percentages of a common base figure. This type of financial statement allows for easy analysis between companies or between time periods of a company. 4)Comparative Statement Comparative statements calculate the difference between multiple years of data and report that difference in percentages. The accountant reviews
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answers to these exercises: E13-5 The comparative balance sheets of Nike‚ Inc. are presented here. Complete the horizontal analysis of the balance sheet data for Nike using 2006 as a base. E13-6 Here are the comparative income statements of Winfrey Corporation. Complete the horizontal analysis of the income statement data for Winfrey Corporation using 2009 as a base E13-9 Armada Company has these comparative balance sheet data: Compute the following ratios at December
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statement provides the basic data for financial performance analysis. Basic limitation of the traditional financial statement comprising the balance sheet and the profit and loss account is that they do not give all the information regarding the financial operations of a firm. Nevertheless‚ they provide some useful information to the extent the balance sheet mirrors the financial position on a particular date in terms of the structure of assets‚ liabilities and owners equity‚ and so on. The profit
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Generally‚ comparative financial statements are presented; however‚ a single year may be presented in certain circumstances. Public companies must follow SEC rules‚ which typically require balance sheets for the two most recent years‚ while all other statements must cover the three-year period ended on the balance sheet date. Comparative information must be disclosed with respect to the previous period for all amounts reported in the financial statements. Layout of balance sheet and income
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• Exercise E13-5 • Exercise E13-6 • Exercise E13-9 The comparative balance sheets of Nike‚ Inc. are presented here. NIKE INC. Comparative Balance Sheets May 31 ($ in millions) Assets 2007 2006 Current assets $8‚076 $7‚346 Property‚ plant‚ and equipment (net) 1‚678 1‚658 Other assets 934 866 Total assets $10‚688 $9‚870 Liabilities and Stockholders’ Equity Current liabilities $2‚584 $2‚612 Long-term liabilities 1‚079 973 Stockholders’ equity 7‚025 6‚285 Total liabilities
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Question 1 | The comparative balance sheets of Nike‚ Inc. are presented here. | NIKE INC. | Comparative Balance Sheets | May 31 | ------------------------------------------------- ($ in millions) | Assets | 2007 | 2006 | Current assets | $8‚076 | $7‚346 | Property‚ plant‚ and equipment (net) | 1‚678 | 1‚658 | Other assets | ------------------------------------------------- 934 | ------------------------------------------------- 866 | Total assets | -------------------------------------------------
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…………………………………………………………………... -3A. Objective of the Research …………………………………………………. -3B. Data Sources ……………………………………………………………….. -3C. Research Methodology …………………………………………………….. -4II. Analysis of Financial Statements (Ratio Analysis) ………………………………… -5A. Balance Sheet ……………………………………………………………… -5B. Income Statement ………………………………………………………….. -9C. Cash Flow Statement ………………………………………………………-11D. Financial Statement Ratios …………………..…………………………… -13E. Other important values …………………………………………………… -17III. Results …………………………………………………………………………
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Their balances are reduced to zero at the end of the accounting period; therefore‚ the term temporary or nominal is sometimes given to these accounts. 7. Indicate whether each of the following items is a real or nominal account and whether it appears in the balance sheet or the income statement a) prepaid rent real‚ balance sheet b) salaries and wages payable real‚ balance sheet c) merchandise inventory real‚ balance sheet d) accumulated depreciation real‚ balance sheet e)
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SCOPE OF THE STUDY: This study aims at providing an insight into the financial position by comparing the Balance Sheet of Auto Syndicate Private Ltd. This study confined to five years data from annual reports 2006-2010‚ financial statements and other records of the Auto Syndicate Private Ltd. OBJECTIVES OF THE STUDY: The study is undertaken with the following objectives * To study the liquidity position of the company. * To analyze the financial performance of the company. * To predict
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Representation (for first time filing) [ ] [ ] [ ] __________ • Report of Independent Auditor [ ] [ ] [ ] __________ • Comparative Balance Sheets [ ] [ ] [ ] __________ • Comparative Income Statements [ ] [ ] [ ] __________ • Comparative Statements of Changes in Equity [ ] [ ] [ ] __________ • Comparative Cash Flow Statements [ ] [ ] [ ] __________ • General Notes to Financial Statements [ ] [ ] [ ] __________
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