Ch20_P01B - 2004 2003 Sales $980,000 $824,000 $710,000 Cost...

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Fundamental Accounting Principles Student Name: Instructor Eleventh Canadian Edition, by Larson, Jensen, and Carroll Class: McGraw-Hill Ryerson SPATS Problem 20-1B Press F5, enter a cell reference, and click on <OK> to go to one of the following data entry areas: REPORT REFERENCEPRINT AREA Ratios, Income Statement and Balance Sheet M1 M5:P55 Given Data T1
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REPORT REFERENCE Ratios, Income Statement and Balance Sheet M1 Given Data T1 Instructor McGraw-Hill Ryerson SPATS Problem 20-1B Dexter Corporation Current Ratios Assets Liabilities Ratio December 31, 2005: December 31, 2004: December 31, 2003: Dexter Corporation Common-Size Comparative Income Statement For Years Ended December 31, 2005, 2004, and 2003 2005 2004 2003 Dexter Corporation Balance Sheet Data in Trend Percentages December 31, 2005 2004, and 2003 2005 2004 2003
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Given Data: Dexter Corporation Comparative Income Statement ($000) For Years Ended December 31, 2005, 2004, and 2003 2005
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Unformatted text preview: 2004 2003 Sales $980,000 $824,000 $710,000 Cost of goods sold 545,000 433,000 338,000 Gross profit $435,000 $391,000 $372,000 Selling expenses $131,000 $103,500 $109,000 Administrative expenses 98,000 104,500 95,000 Total expenses $229,000 $208,000 $204,000 Income before taxes 206,000 183,000 168,000 Income taxes 72,100 64,050 58,800 Net income $133,900 $118,950 $109,200 Dexter Corporation Comparative Balance Sheets ($000) December 31, 2005 2004, and 2003 2005 2004 2003 Assets Current assets $226,000 $125,000 $179,000 Long-term investments- 7,000 27,000 Capital Assets 510,000 530,000 392,000 Total assets $736,000 $662,000 $598,000 Liabilities and Shareholders' Equity Current liabilities $110,000 $92,000 $77,000 Common shares 196,000 196,000 160,000 Retained earnings 430,000 374,000 361,000 Total liabilities and equity $736,000 $662,000 $598,000...
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This note was uploaded on 08/22/2009 for the course ACCT 1101 taught by Professor Davescott during the Fall '05 term at Niagara College.

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Ch20_P01B - 2004 2003 Sales $980,000 $824,000 $710,000 Cost...

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