Scribd Logo
Încărcați

Bine ați venit la Scribd!

  • Balance Sheet1

    Încărcat de

    Abdirahman Abdilaahi
    18 vizualizări1 pagină
    XYZ company's balance sheet from January 1, 2017 to January 1, 2018 shows a decrease in total assets from $197,200 to $181,800. Total current assets decreased from $132,100 to $121,700 due to lower cash, accounts receivable, and inventories. Total liabilities increased from $63,100 to $69,400 mainly due to a rise in accounts payable. Total owners' equity declined from $134,100 to $112,400 as retaining earnings increased but owners' equity decreased. The income statement for the same period displays a revenue drop from $212,300 to $154,000 while costs also fell, leading to a smaller gross margin. Overall expenses grew

    Descriere originală:

    just its Balance sheet1

    Drepturi de autor

    © © All Rights Reserved

    Formate disponibile

    DOCX, PDF, TXT sau citiți online pe Scribd

    Vi se pare util acest document?

    Este necorespunzător acest conținut?

    Raportați acest document
    XYZ company's balance sheet from January 1, 2017 to January 1, 2018 shows a decrease in total assets from $197,200 to $181,800. Total current assets decreased from $132,100 to $121,700 due to lower cash, accounts receivable, and inventories. Total liabilities increased from $63,100 to $69,400 mainly due to a rise in accounts payable. Total owners' equity declined from $134,100 to $112,400 as retaining earnings increased but owners' equity decreased. The income statement for the same period displays a revenue drop from $212,300 to $154,000 while costs also fell, leading to a smaller gross margin. Overall expenses grew

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    18 vizualizări1 pagină

    Balance Sheet1

    Încărcat de

    Abdirahman Abdilaahi
    XYZ company's balance sheet from January 1, 2017 to January 1, 2018 shows a decrease in total assets from $197,200 to $181,800. Total current assets decreased from $132,100 to $121,700 due to lower cash, accounts receivable, and inventories. Total liabilities increased from $63,100 to $69,400 mainly due to a rise in accounts payable. Total owners' equity declined from $134,100 to $112,400 as retaining earnings increased but owners' equity decreased. The income statement for the same period displays a revenue drop from $212,300 to $154,000 while costs also fell, leading to a smaller gross margin. Overall expenses grew

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 1

    Balance Sheet

    XYZ company
    01 Jan 2017 01 Jan 2018
    Assets
    Cash $ 90800 $ 85900
    Account receivable $ 22000 $ 20300
    Inventories $ 19300 $ 15500
    Total current assets $ 132,100 $ 121700
    Buildings $ 32000 $ 32000
    Machinery and Equipments $ 11500 $ 6500
    Land $ 21600 $ 21600
    Total fixed assets $ 65100 $ 60100
    Total assets $ 197200 $ 181800

    Liabilities
    Notes payable within one year $ 32500 $ 27500
    Account payable within one year $ 9600 $ 18500
    Total current liability $ 42100 $ 46000
    Long term notes payable $ 21000 $ 23400
    Total long term liabilities $ 21000 $ 23400
    Total liabilities $ 63100 $ 69400

    Equity
    Owners equity $ 102000 $ 91300
    Retaining earnings $ 32100 $ 21100
    Total owners equity $ 134100 $ 112400
    Total liability and owners equity $ 197200 $ 181800

    Income statement
    XYZ company
    01 Jan 2017 01 Jan 2018

    Total current revenue earned $ 212,300 $ 154000


    Cost of contracts $ 117,400 $ 90650
    Gross margin $ 54190 $ 36250
    Salaries and Administrative $ 7890 v 5690
    Rent and Transportations $ 5320 $ 4300
    Annual interest payment $ 1300 $ 1300
    Others $ 11250 $ 9550
    Total operating cost $ 24460 $ 20,840
    Operating Income $ 51500 $ 31430
    Income Tax provision $ 10350 $ 5650
    Net income $ 41150 $ 25780

    S-ar putea să vă placă și