Balance Sheet and Income Statement Commentary Belinda Greer BSA/500 March 24‚ 2012 Murali Ramachandran Balance Sheet and Income Statement Commentary Balance sheets and income statements are a snapshot of a company’s stability and financial situation. Combined the statements show the income‚ expenses‚ and stockholder’s equity in the company. These statements are often analyzed by financial institutions when a company comes to them needing a loan. Stockholders and other investors also look
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Balance Sheet and Income Statement Commentary BSA/500 – Business Systems I July 2‚ 2012 Balance Sheet and Income Statement Commentary JB Hunt (Trucking and logistics) On JB Hunt’s balance sheet for 2011 lists current assets of $513‚542‚000 and current liabilities of $438‚515‚000‚ yielding a current ratio of 1.17‚ which indicates the company‚ has $1.17 of current assets for every $1 of current liabilities. The previous year 2010‚ the current ratio was 0.91. This shows a 29% increase in the
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MATERIAL SAFETY DATA SHEET PRODUCT NAME: EPO-TEK 353ND‚ Part A EPOXY TECHNOLOGY 14 FORTUNE DRIVE BILLERICA‚ MA 01821 EMERGENCY PHONE: US/CANANDA : 800-255-3924 INT’L COLLECT: + 813-248-0585 DATE REVISED: 4/30/2009 REV: D *HMIS: HEALTH-2 FIRE-1 REACTIVITY- 0 Carcinogen: NTP (No) IARC (No) OSHA (No) * HMIS CODE ratings are estimated by Epoxy Technology. ____________________________________________________________ ________________________________ I. IDENTIFICATION & PHYSICAL DATA PERCENT VOLATILE:
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Suppose the Robinson Company had a cost of goods sold of $1‚000‚000 in 2010 and $1‚200‚000 in 2011. a. Calculate the inventory turnover for each year. Comment on your findings b. What would have been the amount of inventories in 2011 if the 2010 turnover ratio had been maintained? a. inventory turnover for 2010 =COGS/Inventory = $1‚000‚000/350‚000=2.857 inventory turnover for 2011 =COGS/Inventory = $1‚200‚000/500‚000=2.4 b. $1‚200‚000 /inventory =2.857 Inventory in 2011 to maintain 2010
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informed judgments and decision making most effectively: a. when viewed for a single year. b. When viewed as a trend of entity data. c. When compared to an industry average for the most recent year. d. When the trend of entity data is compared to the trend of industry data. 2. When comparing entity financial ratios with industry ratios: a. it should be assumed that the data result from the consistent application of alternative accounting methods. b. Relative values at a point in time may not be
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M09_ZAO2177_01_SE_CH09.QXD 3/4/11 2:08 AM Page 143 R E V I E W S H E E T EXERCISE NAME ________________________________ LAB TIME/DATE _______________________ A C T I V I T Y 1 9 Renal System Physiology The Effect of Arteriole Radius on Glomerular Filtration 1. What are two primary functions of the kidney? ____________________________________________________________ __________________________________________________________________________________________________ 2. What are the components
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How did the corporate culture of Enron contribute to its Bankruptcy? Once a sound company listed in fortune 500‚ Enron‚ lead to downfall because of deceptive accounting system incorporated within the organization. Enron’s dubicious finance finally collapsed in Dec 2‚ 2001 as it filed Bankruptcy in New York Bankruptcy court. The corporate culture of Enron focused on financial performance neglecting the stakeholder’s value .The relentless emphasis on the importance of the shareholder’s value created
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Book Data Sheet – Sense and Sensibility Setting – The setting for Sense and Sensibility is in England in the early 1800s‚ somewhere in a country setting. During this time‚ your social class and wealth was very important. The main classes were the wealthy people or the ‘lesser gentry’. The Dashwoods were part of the lesser gentry. Characters – Mrs. Dashwood – Mother of Elinor‚ Marianne and Margret. Is a romantic‚ wants the best for her daughters. Elinor Dashwood – Daughter of Mr/Mrs.
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Balance Sheet Analysis Applebee’s International 2004 In analyzing the common-size balance sheet for Applebee’s‚ it is noted that the total current assets has jumped from 11% to 14% of the total assets. The total assets for Applebee’s has jumped 6% from 2000 to 2001 driven by increased in the total current assets of 28%. Of those 28% increase‚ they consisted of 88% increase in the Cash & Equivalents (increased of $10.6 millions) caused by the decreased in the Capital Stock repurchasing in 2001
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accounts payable owed as of the balance sheet date are included in the financial statements- Completeness(Do the balances contain all transactions for the period) 3. All purchase returns recorded in the general ledger are valid- Existence/Occurrence(Do the recorded accounts represent valid liabilities at the balance sheet date) 4. There is a risk that purchases made in the last week of the month might be recorded in the following period- Completeness(Do the balances contain all transactions for
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