Chapter 17 in-class exercises

Chapter 17 in-class exercises - CHAPTER 17 FINANCIAL...

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Unformatted text preview: CHAPTER 17 FINANCIAL STATEMENT ANALYSIS EXERCISES Ex. 174 HANES COMPANY Comparative Balance Sheet December 31, 2010 and 2009 2010 2009 Amount Percent Amount Percent Current assets.............................. $ 320,000 32.0% $200,000 25.0% Property, plant, and equipment. 560,000 56.0 560,000 70.0 Intangible assets.......................... 120,000 12 .0 40,000 5 .0 Total assets.................................. $ 1,000,000 100 .0 % $800,000 100 .0 % Current liabilities.......................... $ 210,000 21.0% $120,000 15.0% Long-term liabilities..................... 350,000 35.0 300,000 37.5 Common stock............................. 100,000 10.0 100,000 12.5 Retained earnings........................ 340,000 34 .0 280,000 35 .0 Total liabilities and stockholders equity.............. $ 1,000,000 100 .0 % $800,000 100 .0 % Ex. 175 a. GRENDEL IMAGES COMPANY Comparative Income Statement For the Years Ended December 31, 2010 and 2009 2010 2009 Increase (Decrease ) Amount Amount Amount...
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This note was uploaded on 11/25/2010 for the course BUSINESS bus 100 taught by Professor Jones during the Spring '10 term at Thomas Edison State.

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Chapter 17 in-class exercises - CHAPTER 17 FINANCIAL...

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