Do calculations on scrap paper as needed. Worked-out solutions are provided at end.
For Moore Corporation, calculate total stockholder's equity from the following: Cash, $8,000; land, $16,00; common stock, $18,000; accounts payable, $4,000; retained earnings. $6.000.
Complete vertical analysis (round to the nearest hundredth percent):
2008
%
2009
%
Current assets:
Cash
$ 15,000
A.
$ 18,000
D.
Accounts receivable
13,000
B.
5,000
E.
Merchandise inventory
42,000
C.
9,000
F.
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Total current assests
$150,000
$ 120,000
From the following information, calculate: a. net saled; b. cost of merchandize (goods) sold; c. gross profit from saled; d. net income. Gross sales, $42,000; sales returns and allowances, $4,000; beginning inventory, $8,000; net pruches, $9,000; ending inventory, $6,200; operating expenses, $8,400.
Prepare a trend analysis from the following, assuming a base year of 2006. Round to the nearest whole percent.
2009
2008
2007
2006
Sales
$39,000
$65,000
$31,000
$40.000
Given: Total current assets, $20,000; accounts receivable, $8,000; total current liabilities, $12,000; inventory, $6,000; net sales, $40,000; total assets, $37,00; net income, $8,400. Calculate:
