Chapter 13 - Chapter 13 Class Notes Measuring and...

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We only cover pp.596-609 of this chapter Trend Analyses are conducted to help financial statement users recognize  important financial changes that unfold over _________________.   Ratio Analyses are conducted to understand _________________ among  various items reported in the financial statements. Trend Analyses Calculating Change in Dollar Amounts: = - Calculating Change as a Percentage: = x Chapter 13 Class Notes Measuring and Evaluating Financial Performance Compiled by: Janice H. Fergusson, CPA Certain Materials used with permission of The McGraw-Hill Companies, Inc. Horizontal Analyses Time-Series Analyses Dollar Percentage Change Assets 2007 2006 Amount % Current assets: Cash 12,000 $ 23,500 $ (11,500) $ -48.9% Accounts receivable, net 60,000 40,000 20,000 50.0% Inventory 80,000 100,000 (20,000) -20.0% Prepaid expenses 3,000 1,200 1,800 150.0% Total current assets 155,000 164,700 (9,700) -5.9% Property and equipment Land 40,000 40,000 - 0.0% Building and equipment, net 120,000 85,000 35,000 41.2% Total property and equipment 160,000 125,000 35,000 28.0% Total assets 315,000 $ 289,700 $ 25,300 8.7% Increase (Decrease) JHF Corporation Comparative Balance Sheet December 31
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Chapter 13 - Chapter 13 Class Notes Measuring and...

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