CHAPTER_15_WORKPAPERS

CHAPTER_15_WORKPAPERS - 15-1NameChapter 15 Brief...

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Unformatted text preview: 15-1NameChapter 15 Brief ExercSectionDateUncle FrBE15-11234567891011121314151617181920212223242526272829303132333435363738394015-115-1cisesrank1234567891011121314151617181920212223242526272829303132333435363738394015-115-2NameChapter 15 Brief Exercises ContinSectionDateDrew Carey CorporaBE15-21 (a)2345678910 (b) 2007200820091112131420072008200915161718192020072008200921Current ratio2223242526272829303132333435363738394015-215-2nuedation1234567891011121314151617181920212223242526272829303132333435363738394015-215-3NameChapter 15 Brief Exercises ContinSectionDateHorizontal AnalysisIncreaseor (Decrease)BE15-3Dec. 31, 2009Dec. 31, 2008AmountPercent1 Accounts receivable$520,000 $400,000 2 Inventory840,000 600,000 3 Total assets3,000,000 2,500,000 45678910BE15-4Vertical Analysis11Dec. 31, 2009Dec. 31, 200812AmountPercentageAmountPercent13 Accounts receivable$520,000 $400,000 14 Inventory840,000 600,000 15 Total assets3,000,000 2,500,000 1617181920212223BE15-52420092008200725Net income$522,000 $450,000 $500,000 26272829Increase (Decrease)30AmountPercentage31 (a)2007 - 200832 (b)2008 - 2009333435363738394015-315-3nued1234567891011121314151617181920212223242526272829303132333435363738394015-315-4NameChapter 15 Brief Exercises ContinuedSectionDateBE15-620092008Increase112 Net income$585,000 30% 233445566778899101011BE15-7111212131314141515161617BE15-82009200820071718 Sales100.0100.0100.0 1819 Cost of goods sold59.262.464.5 1920 Expenses25.025.627.5 2021212222232324242525262627BE15-92728 (a)Working capital28292930303131323233 (b)Current ratio333434353536 (c)Acid-test ratio36373738383939404015-415-5NameChapter 15 Brief Exercises ContinSectionDateBE15-101 (a)Asset turnover23456 (b)Profit margin7891011BE15-112009200812 (a) (1)Receivables turnover:131415161718(2)Average collection period:192021 (b)2223242526BE15-122009200827 (a) (1)Inventory turnover:2829303132333435363738(2)Days in inventory:394015-515-5nued1234567891011121314151617181920212223242526272829303132333435363738394015-515-6NameChapter 15 Brief Exercises ContinSectionDate1 (b)23456BE15-137 Cash dividends:8910111213141516 Average assets:1718192021222324252627282930BE15-1431Ming Corporation32Partial Income Statement3334 Income before income taxes$400,000 353637383940BE15-12(Continued)15-615-6nued1234567891011121314151617181920212223242526272829303132333435363738394015-615-7NameChapter 15 Brief Exercises ConcluSectionDateBE15-15Reeves CorporationPartial Income Statement1 Discontinued operations:234567891011121314151617181920212223242526272829303132333435363738394015-715-7uded1234567891011121314151617181920212223242526272829303132333435363738394015-715-8NameExercises 15-1 to 1SectionDateE15-1Horizontal AnalysisBlevins Inc....
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CHAPTER_15_WORKPAPERS - 15-1NameChapter 15 Brief...

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