Ch: Analyzing Financial Statements The current year financi
Ch: Analyzing Financial Statements The current year financial… Ch: Analyzing Financial StatementsThe current year financial statement for sand and Juffair companies are presented below.Balance sheet at 31 Dec 2019 ItemSand JuffairCash5500023500Account receivable (net)4460039600Inventory9980049500Property & equipment (net)169700420300Other assets96700321900Total assets465800854800 Current liabilities9650064900Long-term debt (interest rate: 10%)7435067250Capital stock ($10 par value)176500545950Additional paid-in capital44800109500Retained earnings7365067200Total liabilities and stockholders’ equity465800854800 Income statement at 31 Dec 2019 itemSand JuffairSales revenue (1/3 on credit)442320810300(-) Cost of goods sold231200341500(-) Operating expenses163200322800Net income47920146000 Other data itemSand JuffairPer share stock price at end of current year2325Average income tax rate30%30%Dividends declared and paid in current year37500146000 Both companies are in the fish catching and manufacturing business. Both have been in business approximately 10 years, and each has had steady growth. The management of each has a different viewpoint in many respects. Sand company is more conservative, and as its president has said, “We avoid what we consider to be undue risk”. Neither company is publicly held.Required: Calculate the ratio analysis of each company. Ch: Analyzing Financial StatementsWhat new did you learned from this chapter?What is the most important thing you take away from this chapter?What skills did You learn from this Chapter?How can you apply what you learned from this chapter to your life?How can this chapter help you in your professional life?How do you apply what you learned from this chapter?Give us an example of an exercise that has solved in this chapter?Accounting Business Financial Accounting ACCOUNTING 102
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