Recorded cash sales. Operating (O) Inflow Recorded sales on account. Operating (O) Outflow Purchased inventory for cash. Operating (O) Outflow Purchased inventory on account Noncash (NC) No Effect P12‑2A The aforementioned account balances relate to the stockholder’s equity accounts of Patil Corporation at the end of the year. 2012 2011 Common stock‚ 10‚500 and 10‚000 shares‚ respectively‚ for 2012 and 2011 $160‚800 $140‚000 Preferred stock‚ 5‚000 shares 125‚000 125‚000 Retained
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of goods sold = IT * T Cost of goods sold = 3.2 * 4375000 Cost of goods sold = 1400000 PROBLEM:05 Study the comparative balance sheets for Kyprianides Inc. and Pecchia Company in the year 2011. Notice that both companies have the same amount of assets. However‚ there are some differences in the way the two companies finance those assets. Fill in the spaces on the balance sheets and then answer the following questions. Kyprianides Inc. Pecchia Co. Current Assets Cash and equivalents
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Targetââ?¬â?¢s annual report. Financial Summary ââ?¬" This section reports the totalor per share amounts for five to ten financial items for the current year and one or more previous years. Financial items from the income statement and the banance sheet that typically are presented are sales‚ income from continuing operations‚ net income‚ net incom per share‚ net cash provided by operating activities‚ dividents per common share‚ and the amount of capital expenditures. Letter to Stockholders ââ?¬"
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1/20/2013 MACC 594: LECTURE NOTES‚ MODULE I: INTRODUCTION TO ANALYSIS AND REVIEW OF BASIC CONCEPTS PART I. A. REVIEW OF FINANCIAL STATEMENTS ANALYZING THE BALANCE SHEET • The balance sheet lists the firm’s assets‚ liabilities and equity accounts and their balances at the end of the period. • What does the balance sheet reveal about a firm? • Size of the company (total assets or net assets) • Major assets owned and proportion of current vs. noncurrent assets: - Is the mix of assets consistent
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The vertical analysis for Sprint’s balance sheet shows that over 60% of the company’s assets are held in its wireless licenses with the FCC and property‚ plant and equipment‚ neither of which is readily liquid. Also‚ 54% of the Sprint’s liabilities are long-term debt. These items show the company may be at risk to repay its debt. The horizontal balance sheet analysis for Sprint shows that assets generally increased in 2009 and liabilities overall decreased in 2009. The vertical income statement
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1. Why has Cartwright Lumber borrowed increasing amounts despite its consistent profitability? Cartwright lumber has had to borrow substantial amounts of money due to the fact that the firm is a growing company with sales rising quickly. In order for the company to sustain this growth rate‚ they will have to get additional external funding. Growth in sales nearly doubled from 2001 to 2003‚ with a percentage growth of 18% and 34% in 2002 & 2003 respectively. While sales are growing steadily
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Significant Accounting Policies 2 4 5 PART II 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 12.0 13.0 14.0 15.0 PART III PART IV PART V Balance Sheet Information to be Presented on the face of the Balance sheet Share Capital Reserves Surplus on Revaluation of Fixed Assets Non-current Liabilities Current Liabilities Contingencies Commitments Events after the Balance Sheet Date Fixed Assets (Other than Investments) Long-Term Investments Long-Term Loans and Advances Long-Term Deposits and Prepayments Current
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Cash Flow Analysis Q1. From the following balances‚ you are required to calculate cash from operations: Particulars | 31.03.11 |31.03.12 | |Rs. |Rs. | |Debtors 50‚000|47‚000
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* Jonda Brantley * 11/09/2012 * ACC 220 Wk 2 Financial Statement * * A balance sheet is summary of a company’s financial condition at a specific point in time‚ including assets‚ liabilities and net worth. It allows the company to know what they have been paying for or what they owe out to people. An income statement is a report that tracks a company’s revenues‚ gross profits‚ operating income‚ and net worth. All businesses need to have revenue in order to establish a good foundation
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Week Two Learning Reflection This week Learning Team C has discussed the differences between comparative and ratio analysis. We also differentiated and shared the purpose and importance of each analysis as well as provided examples for both comparative type analysis and ratio type analysis‚ as can be seen below. Ratio analysis is based on items found in the financial statements like the balance sheet‚ income statement and cash flow statement; the ratios of one item or a mixture of items to another
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