29 Jun The following infcrmationwasmadeavailable from the income statement and balance sheet of Meranda Company:
Question
The following infcrmationwasmadeavailable from the income statement and balance sheet of Meranda Company:
Item
12/31/10
12/31/09
AccountsReceivable
$ 42,000
$45,100
AccountsPayable
27,900
24,500
MerchandiseInventory
68,000
63,000
Sales(2010)
170,000
Interest Revenue(2010)
3,200
Dividend Revenue(2010)
1,800
TaxExpense (2010)
11,600
SalariesExpense (2010)
22,400
COGS(2010)
57,000
InterestExpense(2010)
2,200
OperatingExpenes
19,400
.gif”>.gif”>Completethecashflo
usingthe directmetho
fromoperating activitiessectionforMeranda Companyfortheyearended December31,2010.
2. GiventhefollowiComputethepercentage
balantothe
cesheet,completeahorizontalanalysis.nearesttenthof apercent.
Jessica’sJewelryStoreComparativeBalanceSheetForYearsEndedDecember 31
2011
and2010
(inthousands)
2011
2010
Difference
Percentage
Assets
CurrentAssets
Cashand Equivalents
$319
$288
AccountsReceivable,net
166
173
Inventory
437
400
TotalCurrentAssets
922
861
Property,PlantandEquipment
TotalAssets
$1,299
$1,273
Liabilities
CurrentLiabilities
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