All categories

3 years ago

Using these data from the comparative balance sheet of Ramirez Company, perform horizontal analysis.

Business

1 answer:

7nadin3 [17]3 years ago

5 0

Answer:

Ramirez Company comparative balance sheet

2014 2013

Particulars Amount Percent Amount Percent

Accounts receivable 535,000 17.05% 450,000 16.62%

Inventory 792,000 25.24% 606,000 22.39%

Other Assets <u>1,811,000 57.71% 1,651,000 60.99%</u>

Total assets <u>3,138,000 100% 2,707,000 100%</u>

2014 Workings

Account receivables= 535,000 / 3,138,000 * 100 = 17.05%

Inventory= 792,000 / 3,138,000 * 100 =25.24%

Other Assets= 1,811,000 / 3,138,000 * 100 = 57.71%

2013 Workings

Account receivables= 450,000/2,707,000 * 100= 16.62%

Inventory=606,000/2,707,000 * 100= 22.39%

Other Assets=1,651,000/2,707,000 * 100= 60.99%

You might be interested in

The following information relates to last year's operations at the Legumes Division of Gervani Corporation:

EastWind [94]

Gdvfvfbjfjfjhrhbrbjfjfug

4 0

3 years ago

You borrow $8000 to buy a car, at an annual interest rate of 6%. Assume interest is compounded continuously. You make monthly pa

hram777 [196]

Answer:

We should pay $243.3 each month to pay of the loan.

Explanation

The present value of the loan is 8,000, the number of compounding periods are (3*12) =36 because payment is going to be made monthly for 3 years, the future value of the loan is 0 as there will be no lump sum payment at the end of the loan and equal payments each month, the monthly interest rate is 6%/12= 0.5%. We input these 4 values to find the monthly payment.

PV= 8,000

FV=0

N=36

I=0.5

Compute PMT= 243.3

8 0

3 years ago

The ability to anticipate a fraud perpetrator’s likely method of concealing a fraud is called?

Digiron [165]

The ability to anticipate a fraud perpetrator’s likely method of concealing a fraud is called Strategic reasoning.

Being strategic requires confidence in a decision-making process that cannot be based on a 100% proof of concept. Being strategic means being insightful, visionary, open-minded, proactive, working from scratch, and making decisions based on facts and calculated intuition. To do.

Strategic thinkers are. They don't wait or respond to be told what to do. They introduce new ideas, start new projects, and try to find the next big thing. They are closer to what they need to do today than what is needed to reach a much larger long-term goal.

Strategic thinking skills are skills that enable you to use critical thinking to solve complex problems and plan for the future. These skills are essential to achieving business goals, overcoming obstacles, and overcoming challenges. Especially if you anticipate it will take weeks, months, or even years to accomplish.

Learn more about Strategic here

brainly.com/question/24845876

#SPJ4

3 0

2 years ago

Farah Snack Co has earnings after taxes of $128, 750. Interest expense for the year was $20,000: preferred dividends paid were $

Leto [7]

Answer:

A. $0.90

Explanation:

Earning per share = (Net Income - dividends on preferred stocks)/average outstanding common shares

Particulars Amount

Earning After Tax 128750

Taxes 15000

Earning before Tax & Interest Expense 143750

Interest Expense (20000)

Earning after Interest, but before Tax 123750

Taxes (15000)

Earning after Taxes 108750

Preferred Dividends (18750)

Earning available for common stock holders 90000

common stock outstanding 100000

Earning per share 0.9

Therefore, The outstanding Earnings per share on the common stock was $0.90

8 0

4 years ago

A marketing concept is a plan on how to market a product of service to consumers.

kkurt [141]

I believe the answer could be TRUE correct me if im wrong and i hope its right and i just wanna be a good friend too you by answering this dawg!!!

5 0

3 years ago