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ensive Problem 2- St of Cash Flows and R. Ⓡ s C. Ruiz Inc. Income Statement For years ended December 31, 2017 and 2018 Sales (all on credit) Cast of goods sold Gross margin Depreciation expense Other operating expenses Total operating expenses Operating income. Other income (expenses) Interest expense Gain on sale of investments Loss on sale of plant assets Total ntharincoma te to search 2018 2017 $740,000 $703,000 (379.000) (311.000) 361,000 392,000 O 36,000 51,000 159.000 132.000 195,000 183,000 166.000 209.000 (5.400) (4.000) 7,200 5,000 (4.400) (5.300) 6 Saved Current assets: Cash C. Ruiz Inc. Comparative Balance Sheets December 31, 2018 and 2017 2018 2017 Accounts receivable (net) Inventory Prepaid expenses Other current assets Total current assets Prev Long-term Investments Plant assets Less: accumulated depreciation Total plant assets Total assets 1 of 1 Next $122.760 34,000 55,000 2,000 2.820 216,580 75,000 302,000 (76.800) 225.200 516,780 Help Change $70,300 $52,460 28,000 52,000 6,000 3,000 4,400 -2,400 4.300 -1.480 159,000 57,580 52.000 23,000 253,000 49,000 (51,000) 25,800 202.000. 23.200 413.000 103.780 76°F Mostly cloudy
Started DOC Google Comprehensive Problem 2-St of Cash Flows and R.... Gain on sale of investments Loss on sale of plant 1 50 points eBook References assets Total other income (expenses) Income before income taxes Income taxes expense Net income Ret earnings. Jan. 1 Add net income Deduct. Dividends Increase in retained i earnings Ret, earnings. Dec. 31 Mc Graw San Type here to search 7,200 5,000 (4.400) (5.300) (17,000) (4,300) C. Ruiz Inc. Statement of Retained Earnings For the year ended December 31, 2018 2018 2017 O 163,400 204,700 (49.020) (61.410) $114 380 $143.290 $32,000 114,380 143,290 (69.000), (111.290) 45,380 32,000 $77.380, $32.000 !!! E $0 Seved Total plant assets Total assets Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Long term liabilities: Notes Payable Total liabilities Stockholders' equity Common stock. $5 par value Additional paid-in capital Retained earnings Total stockholders equity Total liabilities and stockholders equity Proy 1 of 1 Next 225.200 516,780 $35,300 6,000 4.100 45,400 269,000 314,400 100,000 25.000 77380 202,380 $516.780 202.000 23.200 413.000 103.780 $36,000 $-700 5,000 1,000 15.000 10.900 56,000 -10,600 200,000 69,000 256.000 58,400 100,000 25,000 32.000 45.380 157,000 45,380 $413.000 $103.780 0 Help 0 76°F Mostly cloudy
A Comprehensive Problem 2-St of Cash Flows and R 1 50 points Book References Net income Ret earnings, Jan. 1 Add net income C. Ruiz Inc. Statement of Retained Earnings For the year ended December 31, 2018 2018 2017 Deduct: Dividends Increase in retained earnings Ret earnings, Dec 31 Other Information Shares of common stock outstanding Earnings per share Dividends per share Market price per share common stock Mc Grew Hin P. Type here to search $114.380 $143.290 $32,000 114,380 143,290 (69.000) (111.290) 45,380 32,000 $77.380 $32.000 20,000 $5.72 $3.45 11 $17 $0 20.000 $2.16 $5.56 $13 221 1 Saved Income taxes payable Total current liabilities Long term liabilities: Notes Payable Total liabilities Stockholders' equity Common stock, $5 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Piss 10 Nex 4.100 45,400 269,000 314,400 100,000 25,000 77.380 202,380 $516.780 15.000 10.900 56,000 -10,600 200,000 69,000 256,000 58,400 100,000 25,000 32.000 45.380 157.000 45,380 $413.000 $103.780 0 0 Help 765 Mostly cloudy
zes Cash Flows Horiz Analysis Horiz Analysis Vertic Analysis Vertic Analysis from Oper Bal Sheet Inc St Bal St Inc St Requirement Prepare a vertical analysis on the partial income statements for 2017 and 2018. Enter decreases as amounts/percents. Sales Cost of goods sold Gross margin Expenses ere to search C.Ruiz Inc. PARTIAL INCOME STATEMENT (HORIZONTAL ANALYSIS) For the years ended December 31, 2017 and 2018 Depreciation expense Other operating expenses Total operating expenses Operating income $ 2018 T 0 2017 $ 703,000 0 0 $ 703,000 132,000 132,000 571,000 < Cash Flows from Oper Phax Ratios Increase/decrease Amount 1 of 1 Percent Horiz Analysis Bal St> Next