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Glencoe Accounting: First Year Course, Student Edition | 1st Edition | ISBN: 9780078688294 | Authors: Glencoe
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Analyzing a Balance Sheet Use the comparative balance sheet for On Your Mark in Figure

Chapter 19, Problem 19-4

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QUESTION:

Analyzing a Balance Sheet

Use the comparative balance sheet for On Your Mark in Figure 19–7 to answer the following questions.

1. Which asset account has the larger percentage of increase in the two years? Larger decrease?

2. Which liability account has the larger percentage increase in the two years?

3. Did the overall value (total assets) of the corporation increase or decrease in the two years? What is the dollar amount? What is the percentage?

4. What is the percentage increase in retained earnings in the two years?

5. What conclusions might you draw based on the change in Accounts Receivable? Accounts Payable?

6. Can you provide a possible explanation for the difference in the balance of the Prepaid Insurance account?

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QUESTION:

Analyzing a Balance Sheet

Use the comparative balance sheet for On Your Mark in Figure 19–7 to answer the following questions.

1. Which asset account has the larger percentage of increase in the two years? Larger decrease?

2. Which liability account has the larger percentage increase in the two years?

3. Did the overall value (total assets) of the corporation increase or decrease in the two years? What is the dollar amount? What is the percentage?

4. What is the percentage increase in retained earnings in the two years?

5. What conclusions might you draw based on the change in Accounts Receivable? Accounts Payable?

6. Can you provide a possible explanation for the difference in the balance of the Prepaid Insurance account?

ANSWER:

                                                                 Step 1 of 7

Financial Statement analysis refers to studying relationships among the different financial factors in a business. Horizontal and Vertical analysis are the two basic types of analysis.

                                                                 

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