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The comparative balance sheet of Ramos Company appears below:
RAMOS COMPANYComparative Balance SheetDecember 31, 2009Assets 2009 2008Current assets $ 440 $280Plant assets 675 520Total assets $1,115 $800
Liabilities and stockholders' equity Current liabilities $ 280 $120Long-term debt 250 160Common stock 325 320Retained earnings 260 200Total 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.
Modern Mother Magazine has received cash subscriptions on April 1, 2009 in the amount of $3,600,000 for the next three years. Their year-end is December 31, 2009.
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This assignment assumes you are a consultant and provide your findings to your client. Please make sure the memo is clear, brief and understandable. Also attach the appropriate information and calculation in the appendix for the clients to underst..
Company ABC, is an exempt medical organization. XYZ, Inc., a sporting goods retailer, is a wholly owned subsidiary of Company ABC. Company ABC inherited the XYZ stock last year from a major benefactor of the medical organization. XYZ's taxable inc..
A company's income before interest expense and income taxes in 2010 and 2011 is $225,000 and $200,000, respectively. Its interest expense was $45,000 for both years. Calculate the company's times interest earned ratio for both years, and comment o..
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