AC239-02_UNIT 2_HallHawkins

AC239-02_UNIT 2_HallHawkins - Income Statement (Vertical...

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Practice Exercise 17-1A Name: Stephanie HallHawkins Section: 239-02 Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect item or amount in the outlined cells. Account 2010 2009 Accounts payable $78,400 ## $70,000 $8,400 ## 12.0% ## Long-term debt 101,760 ## 96,000 5,760 ## 6.0% ## (Decrease) (%)
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Practice Exercise 17-2A Name: Stephanie HallHawkins Section: 239-02 Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect item or amount in the outlined cells. Sheaf Corporation
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Unformatted text preview: Income Statement (Vertical Analysis) Amount (%) Sales $500,000 100% ## Gross Profit 140,000 28% ## Net Income 40,000 8% ## Practice Exercise 17-3A Name: Stephanie HallHawkins Section: 239-02 Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect item or amount in the outlined cells. a. Current Assets $900,000 ## $600,000 ## = 1.5 ## b. Quick Assets $600,000 ## $600,000 ## = 1.0 ## Current Liabilities Current Ratio Current Liabilities Quick Ratio...
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AC239-02_UNIT 2_HallHawkins - Income Statement (Vertical...

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