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Title: Financial Management/Accounting
Description: These notes detail how to solve problems involving Income Statements and balance sheets as well as examples so you can check your work. Get this today in order to understand your work!!
Description: These notes detail how to solve problems involving Income Statements and balance sheets as well as examples so you can check your work. Get this today in order to understand your work!!
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II
Income Statement and Balance
Sheet
CSU Math Center | 1-800-977-8449 x6538 | teamsucceed@columbiasouthern
...
adobeconnect
...
are as follows:
a
...
b
...
Solution:
a
...
Transforming the dollar amounts into proportions allows
us to compare Carver’s situation with other firms
...
Example
−20,000
30,000
= −0
...
666 × 100 = −66
...
To create Carver’s common size balance sheet, we will again translate the relevant dollar
amounts by expressing them as proportions of a given whole
...
Therefore, we divide all of the given values by $33,000
...
4848
0
...
48%
Common−Size Balance Sheet
Cash and marketable securities
2012
$
500
2%
Accounts receivable
6000
18
Inventories
9,500
29
Current assets
Net property plant and equipment
16,000
48 %
17,000
$
52
Total assets
$
33,000
100 %
Accounts payable
$
7,200
22 %
6,800
21
Short−term debt
Current liabilities
$
Long−term liabilities
Total liabilities
7,000
42 %
21
$
21,000
64 %
12,000
$
Total owners’ equity
Total liabilities and owners’
equity
14,000
36
33,000
100 %
Round off to 48%
Title: Financial Management/Accounting
Description: These notes detail how to solve problems involving Income Statements and balance sheets as well as examples so you can check your work. Get this today in order to understand your work!!
Description: These notes detail how to solve problems involving Income Statements and balance sheets as well as examples so you can check your work. Get this today in order to understand your work!!