4) What was the percentage of change in accounts receivable if the balance was $80,000 in 2009 and $60,000 in 2010? What form of analysis is this called?
5) From the following balance sheet for Brandon’s Bikes, compute:
a) the common-size statements using total assets as the base. (Round to the nearest tenth of a percent.)
b) the current and debt ratios for 2012
c) cashflow from operating activities for 2012 assuming Net Income was $85,000
Note that cash remained constant at $5000 year over year.
2012
2011
Item
Amount
Percent
Current Assets
$40,000
$50,000
Plant and Equipment
360,000
380,000
Total Assets
$400,000
$430,000
Current Liabilities
$100,000
75,000
Long-term Liabilities
180,000
135,000
Common Stock
80,000
95,000
Retained Earnings
40,000
125,000
Total Liab + Equity
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