Extracted text: rehensive Problem 2- St of Cash Flows and Ratios Algo C. Klein Inc. C. Klein Inc. Income Statement Comparative Balance Sheets December 31, 2018 and 2017 For years ended December 31, 2017 and 2018 2018 2017 Change 2018 2017 $469,000 $422,000 (303,000) (248,000) 166,000 174,000 Current assets: Sales (all on credit) Cost of goods sold Gross margin Cash $52.260 34,000 $37,900 $14,360 Accounts receivable (net) 28,000 6,000 Inventory Prepaid expenses 44,000 42,000 2100 2,000 -1,200 900 Depreciation expense Other operating 5631 36,000 51,000 Other current assets 1310 2000 -690 102,000 85,000 Totol current assets 132,470 112,000 20,470 expenses Total operating 138,000 136,000 expenses ok Operating income 28.000 38,000 Long-term Investments 75,000 52,000 23,000 Other income (expenses) Plant assets 302,000 253,000 49,000 nces Interest expense (4,700) (3,500) Less: accumulated (76,800) (51,000) 25,800 depreciation Gain on sale of 4,900 3,400 Total plant assets 225,200 202,000 23,200 investments Loss on sale of plant (2100) (2.500) Total assets 432670 366,000 66.670 Ossets Total other income (expenses) (11,700) (2,600) Current liabilities: Income before income taxes 26,100 35.400 Accounts payeble $25,500 $26,000 S-500 Income taxes expense (7,830) (10,620) Accrued liabilities 2,400 500 28,400 2000 2000 30,000 400 Net income $18,270 $24.780 Income taxes payable Total current liobilities -1.500 -1,600 C. Kleln Inc. Statement of Retained Earnings Long term liabilities: Notes Payable 236,000 175,000 61.000 For the year ended December 31, 2018 Total lisbilities 264.400 205.000 59.400 2018 2017 Ret esrnings, Jan. 1 $0 Stockholders' equity Common stock, $5 par $23,000 Add: net income 18,270 24,780 110,000 110,000 value Deduct: Dividends Increose in retained earnings Ret eornings, Dec. 31 (11,000), (1.780) Additional paid-in capital 28,000 28,000 7.270 23,000 Retained earnings 30.270 23.000 7.270 Total stockholders' equity Total liobilities and stockholders' equity $30.270 $23.000 168,270 161,000 7,270 $432.670 $366.000 $66,670 Other informotion: Shares of common stock outstonding Eamings per share Dividends per share Market price per shore, common stock 22,000 22,000 $0.83 S0.5 $113 $0.08 $13 $12
Extracted text: sive Problem 2-St of Cash Flows and Ratios Algo i Sived $13 $12 share, common stock Cash Flows from Oper Horiz Analysis Horiz AnalysisVertic Analysis Vertic Analysis Bal Sheet Ratios Inc St Bal St Inc St Requirement Prepare a vertical analysis on the partial balance sheet for 2017 and 2018. C. Klein Inc. Partial Balance Sheet (Vertical analysis) For the years ended December 31, 2018 and 2017 Liabilities 2018 2017 Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Notes payable 236,000 175,000 Total liabilities Stockholders' Equity Common stock, $5 par Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Ratios > < vertic analysis inc st prev 1 of 1 e here to search 99+ dell vertic="" analysis="" inc="" st="" prev="" 1="" of="" 1="" e="" here="" to="" search="" 99+="">