Compute the annual dollar changes and percent changes for each of the following accounts. Note: Decreases should be indicated with a minus sign. Round percent change to one decimal place. Current Year Prior Year Short-term investments Accounts receivable Notes payable Percent Change $ 375,911 99,129 0 $ 235,231 102,691 89,640 Horizontal Analysis - Calculation of Percent Change Numerator: Denominator: Current Year Prior Year Dollar Change Short-term investments $ 375,911 $ 235,231 Accounts receivable 99,129 102,691 Notes payable 0 89,640 Percent Change % % %
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- Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Current Year Prior Year Short-term investments $374,634 $234,000 101,e00 88,000 Accounts receivable 97,364 Notes payable Horizontal Analysis - Calculation of Percent Change Choose Numerator: Choose Denominator: Percent change = Current Year Prior Year Dollar Change Percent Change Short-term investments 24 374,634 $ 234,000 Accounts receivable 97,364 101,000 Notes payable 88,000ok D Int = Print Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) 0 ferences # Short-term investments Accounts receivable Notes payable Percent Change = Short-term investments Accounts receivable Notes payable Type here to search Esc fo F1 1 X F2 $ Current Year $ 378,252 100,583 @ 2 0 Horizontal Analysis - Calculation of Percent Change Numerator: 1 Current Year F3 20 #m Prior Year $ 236,897 104,503 91,702 3 378,252 $ 100,583 F4 0 S4 Prior Year $ 236,897 104,503 91,702 F5 $ % 5 Denominator: Dollar Change F6 111,355 (3,920) (91,702) DELL F7 A Percent Change 29.4 % (26.7) % (100.0) % 6 F8 & 7 0 F9 * a 8 F10 9a. Compute the current ratio for the current year. (Abbreviations used: STI = Short-term investments. Round your answer to two decimal places, X.XX.) Current ratio More Info a. Current ratio b. Cash ratio c. Acid-test ratio d. Inventory turnover e. Days' sales in inventory f. Days' sales in receivables g. Gross profit percentage Print Done Choose from any list or enter any number in the input fields a Financial Statements Balance Sheet: Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Total Current Liabilities Income Statement: Net Credit Sales Cost of Goods Sold $ Current Year Preceding Year 15,000 $ 11,000 56,000 64,000 13,000 159,000 132,000 465,000 317,000 29,000 27,000 94,000 82,000 7,000 239,000 89,000
- a. Prepare a horizontal analysis of the se year. Round all percents to one decimal place. Enter all amounts in millions. If digato the decreasing values.2) Ratios Based on the information given in picture #1, complete the following ratios for the last TWO years and indicate whether the trend is favorable or unfavorable. Note percentages and times should be to one decimal place (e.g. 14.8%; 5.8x) Liq./Solv. Ratios Current Yr. Prior Yr. Fav/Unfav. Current Ratio (X) {Total. Current Assets/ Total Current Liabilities} Quick Ratio (X) {Cash + Short term Investments + Current Receivables/ Current Liabilities} Day's Sales Uncollected (days) {Total Accounts Receivables / Sales x 365}Express the Balance Sheets/Financial Position and Income Statement in common-size percents, using Year 2019 as base year. Round percents to one decimal. Do not put the percent when writing your answer. Refer to the format given Common-Size Comparative Financial Position In % At December 31 2021 2020 2019 Assets Cash
- When performing a horizontal analysis on an income statement, the percentage change inany individual item is calculated by dividing the dollar amount of the change from the baseperiod to the current period bya. the base period amount.b. the current period amount.c. the amount estimated for the future period.d. the average of the base and the current period amounts.To calculate a year-to-year percentage change in any financial statement line item such as sales, you determine the current-year amount and prior-year amount and divide the difference by: A) Total assets B) Net income C) The current year’s amount D) The prior years amountCompute the ratios for the current and past year for Dollar Tree In. on the Ratio and Comments worksheet.
- Based on the data presented above, what is the times interest earned ratio? (Round to two decimal places.)a. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. If required, round to one decimal place.The comparative financial statements of Seward, Inc. include the following data: Current Year Prior Year Income Statement Net Sales Revenue $142,000 $112,000 Cost of Goods Sold 61,000 53,000 Operating Expenses Interest Expense 40, 200 33,200 4,700 4,700 Income Tax Expense 6, 200 29,900 5,200 Net Income 15,900 Balance Sheet Current Assets 127,000 107,000 Plant, Property and Equipment, Net Current Liabilities 110,000 117,000 51,000 44,000 49,000 131,000 224,000 49,000 Long-Term Liabilities Shareholders' Equity Total Liabilities & Shareholders' Equity 137,000 237,000 Which of the following would be shown on Seward's horizontal analysis when calculating percentage changes from t current year? Multiple Choice