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AC239_Unit 2

# AC239_Unit 2 - (Vertical Analysis Amount Sales \$500,000 100...

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Practice Exercise 17-1A Name: Section: 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 Err \$70,000 \$8,400 Er 12.0% Err:511 Long-term debt 101,760 Err 96,000 5,760 Er 6.0% Err:511 (Decrease) (%)

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Practice Exercise 17-2A Name: Section: 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 Income Statement
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Unformatted text preview: (Vertical Analysis) Amount (%) Sales \$500,000 100% Err:511 Gross Profit 140,000 28% Err:511 Net Income 40,000 8% Err:511 Practice Exercise 17-3A Name: Section: Enter the appropriate amount or item in the shaded cel s. An asterisk (*) wil appear next to an incorrect item or amount in the outlined cel s. a. Current Assets \$900,000 E ÷ \$600,000 Er = 1.5 Err:511 b. Quick Assets \$600,000 E ÷ \$600,000 Er = 1.0 Err:511 Current Liabilities Current Ratio Current Liabilities Quick Ratio...
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AC239_Unit 2 - (Vertical Analysis Amount Sales \$500,000 100...

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