(Answered) Using vertical analysis prepare a common size comparative

Accounting

The comparative balance sheet of Ramos Company appears below:

RAMOS COMPANY
Comparative Balance Sheet
December 31, 2009
Assets 2009 2008
Current assets $ 440 $280
Plant assets 675 520
Total assets $1,115 $800

Liabilities and stockholders' equity
Current liabilities $ 280 $120
Long-term debt 250 160
Common stock 325 320
Retained earnings 260 200
Total liabilities and stockholders' equity $1,115 $800

Instructions

(a) Using horizontal analysis, show the percentage change for each balance sheet item using 2008 as a base year.

(b) Using vertical analysis, prepare a common size comparative balance sheet.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9414584
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Part a -a explain agency theory and contracts in the

Part A - a) Explain agency theory and contracts in the context of Positive Accounting Research (PAT)? b) What is the bonus hypothesis of PAT? c) Explain what 'creative accounting' is and can it explain the behaviour of c ...

Question - ross company had the following inventory at the

Question - Ross Company had the following inventory at the end of the year: Quantity Unit Price Cost Market Valves: Model Q 180 $11 $9 Model R 150 10 12 Model S 120 7 9 Gaskets: Model Alpha 60 100 105 Model ...

Question - the adjusted trial balance of cheyenne company

Question - The adjusted trial balance of Cheyenne Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2017: Sales Revenue $752,300, Delivery Expense $13,020, Sales Returns and ...

You are preparing golf clubs financial reports for june

You are preparing Golf Club's financial reports for June 2017, and the 30 June 2017 bank statement has just arrived with the balance of $29,930. Currently, Golf Club's Cash account shows a balance of $30,690. Additional ...

Question - following are the transactions for abc computer

Question - Following are the transactions for ABC Computer Service's first month of business, September 2018: Sept 1 The owner invested $10,000 into the business in exchange for common stock. Sept 4 Purchased equipment f ...

Question - on november 1 2009 tims toys borrows 30000000 at

Question - On November 1, 2009, Tim's Toys borrows $30,000,000 at 9% to finance the holiday sales season. The note is for a six-month term and both principal and interest are payable at maturity. What should be the balan ...

Question - in 2002 the executives at telecommunications

Question - In 2002, the executives at telecommunications giant WorldCom perpetrated accounting fraud that led to the largest bankruptcy in US history. The company improperly booked about $4 billion as capital expenditure ...

Question - describe the allocation of inventoriable costs

Question - Describe the allocation of inventoriable costs may be made under any of the following assumptions as to the flow of costs (a) first-in, first-out (FIFO), (b) last-in, first-out (LIFO), or (c) average cost.

Question - parent inc purchased all of the outstanding

Question - Parent Inc. purchased all of the outstanding shares of Sub Ltd. on January 1, Year 1 for $214,000. Amortization of the acquisition differential amounted to $16,000 in each of Years 1 and 2. Parent Inc. reporte ...

Question - during 2018 beltram inc had sales of 35633

Question - During 2018, Beltram, Inc. had Sales of $3,563.3 million, Gross profit of $1,634.6 million and Selling, general, and administrative expenses of $1,278.0 million. What was Beltram's Cost of sales for 2018? $ 88 ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert