This paper circulates around the core theme of FINANCIAL STATEMENTS, Harry’s Company (in 000’s except per share data) BALANCE SHEET, as of year-end ASSETS Cash and marketable securities Accounts receivable Inventory Total together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Question 1: (Financial Statement Analysis) 10 points Consider the following sets of financial… 1 answer below » Question 1: (Financial Statement Analysis) 10 points Consider the following sets of financial statements and answer the questions that follow: FINANCIAL STATEMENTS, Harry’s Company (in 000’s except per share data) BALANCE SHEET, as of year-end ASSETS Cash and marketable securities Accounts receivable Inventory Total Current assets Plant & equipment, gross Accumulated depreciation Net fixed assets Total assets LIABILITIES AND EQUITIES Short-term bank loans Accounts payable Accruals Total Current liabilities Document Preview: View complete question » Question 1: (Financial Statement Analysis) 10 points Consider the following sets of financial statements and answer the questions that follow: FINANCIAL STATEMENTS, Harry’s Company (in 000’s except per share data) BALANCE SHEET, as of year-end ASSETS Cash and marketable securities Accounts receivable Inventory Total Current assets Plant & equipment, gross Accumulated depreciation Net fixed assets Total assets LIABILITIES AND EQUITIES Short-term bank loans Accounts payable Accruals Total Current liabilities Document Preview: Question 1: (Financial Statement Analysis) 10 points Consider the following sets of financial statements and answer the questions that follow: FINANCIAL STATEMENTS, Harry’s Company (in 000’s except per share data) BALANCE SHEET, as of year-end ASSETS Cash and marketable securities Accounts receivable Inventory Total Current assets Plant & equipment, gross Accumulated depreciation Net fixed assets Total assets LIABILITIES AND EQUITIES Short-term bank loans Accounts payable Accruals Total Current liabilities Long-term bank loans Mortgage Total Long-term debt Total liabilities Common stock (7 million shares) Retained earnings Total equity Total liabilities and Equity 2012 $45,183 41,398 31,367 $117,948 $148,746 (21,880) $126,866 $244,814 $54,216 35,591 23,252 $113,059 $21,082 3,788 $24,870 $137,929 $44,538 62,347 $106,885 $244,814 INCOME STATEMENT Net sales Cost of goods sold Gross profit Admin and selling exp Depreciation Miscellaneous expenses Total operating exp EBIT Interest on ST loans Interest on LT loans Interest on mortgage Total interest Before-tax earnings Taxes Net income 2012 $512,305 326,327 $185,978 $29,930 14,875 5,822 $50,626 $135,352 $3,795 2,319 303 $6,417 $128,935 38,680 $90,254 Dividends paid Addition to retained earnings EPS (7,000,000 shares) $0 $90,254 $12.89 FINANCIAL STATEMENTS, Joe’s Company (in 000’s, except per share data) BALANCE SHEET, as of year-end ASSETS Cash and marketable securities Accounts receivable Inventory Total Current assets Plant & equipment, gross Accumulated depreciation Net fixed assets Total assets LIABILITIES AND EQUITIES Short-term bank loans Accounts payable Accruals Total Current liabilities Long-term bank loans Mortgage Total Long-term debt Total liabilities Common stock (7 million shares) Retained earnings Total equity Total liabilities and equity 2012 $105,183 21,398 81,367 $207,948 $58,746 (21,880) $36,866 $244,814 $17,216 10,591 8,252 $36,059 $21,082 3,788 $24,870 $60,929 $121,538 62,347 $183,885 $244,814… Attachments: Q..docx Q.-Attachment….docx View less » Sep 12 2015 01:15 PM
