NOTICE THE INCOME STATEMENT TAB AT THE BOTTOM OF THE WORKBOOK. COMPLETE THE YELL
ID: 2491558 • Letter: N
Question
NOTICE THE INCOME STATEMENT TAB AT THE BOTTOM OF THE WORKBOOK. COMPLETE THE YELLOW CELLS IN BOTH WORKSHEETS, ROUNDING YOUR ANSWERS TO ONE DECIMAL PLACE,
December 31, December 31, Increase (Decrease) AmountPercent 2015 2014 ASSETS Amount Perd Percent Amount Percent Current Assets $ 582,532 106,584 150,479 203,738 59,256 20,346 1,122,935 $ 522,150 Cash and cash equivalents Short-term investments Accounts receivable, net Inventories Prepaid expenses and other current assets Deferred income taxes, net 143,109 171,009 42,262 15,308 893,838 11.8% Total Current Assets 73.8% 229,097 Long-Term Assets: Deferred income taxes, net Goodwill Intangible assets, net Property, plant and equipment, net Other assets 9,386 505 11,904 288,604 20,095 $1,453,429 5,438 455 9,227 3,948 0.0% 0.8% 2,677 13,522 (6,752) $242,542 275,082 22.7% 26,847 (25.1%) TOTAL ASSETS 100.0% $1,210,887 100.0% 20.0% IABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities 0.0% $ 2,631 13,333 17,141 64,057 3,241 21,672 122,075 22,584 19,667 164,326 $ (2,631) (11,333) (100.0%) (85.0%) Revolving line-of-credit loarn Current portion of long-term debt Accounts payable Accrued expenses and other liabilities Deferred income taxes, net Income taxes payable 2,000 26,314 75,667 3,190 37,809 144,980 30,117 17,667 192,764 11,610 16,137 22,905 7,533 (2,000) 28,438 Total Current Liabilities 10.0% 10.1% 18.8% Deferred income taxes and other Long-Term Liabilities Long-Term Debt, net of current portion (10.2%) Total LiabilitiesExplanation / Answer
Note: Yellow cells belong to a Balance sheet, not an income statement!! Required (highlighted) part is as follows.
Dec 31, 2015 Dec 31, 2014 Increase/Decrease $ % $ % $ % Cash/Equivalents 5,82,532 40.1% 5,22,150 43.1% 60,382 11.6% Short-term investment 1,06,584 7.3% - 1,06,584 - Account receivables 1,50,479 10.4% 1,43,109 11.8% 7,370 5.1% Inventory 2,03,738 14.0% 1,71,009 14.1% 32,729 19.1% Prepaid expense 59,256 4.1% 42,262 3.5% 16,994 40.2% Deferred income tax 20,346 1.4% 15,308 1.3% 5,038 32.9%Related Questions
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