information in this worksheet to complete Wk 4 Practice. orthside Medical Balance Sheet December 31, Table 1: A2-C19 Current Assets Investments Current liabilities Income before income taxes Cash and cash equivalents 330 Accounts receivable (net) 470 Inventory 460 Prepaid expenses 120 Total current assets 1,380 Property, plant, and equipment Intangibles and other assets Total assets 2022 2021 900 Long-term liabilities 410 Stockholder's equity - common 1.030 Total liabilities and stockholder's equity 2,340 Income Statement For the Years Ended December 31, Table 2: A21-C33 2022 Sales Revenue Costs and expenses Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 10 420 530 2.340 Income tax expense Net Income 3,800 955 2,400 25 3.380 420 126 294 360 400 390 160 1,310 10 380 510 2210 790 380 1.040 2.210 2021 3,460 890 2,330 20 3,240 220 66 154

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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information in this worksheet to complete Wk 4 Practice.
orthside Medical Balance Sheet December 31, Table 1: A2-C19
Current Assets
Investments
Current liabilities
Sales Revenue
Costs and expenses
Cash and cash equivalents
Accounts receivable (net)
Inventory
Prepaid expenses
Total current assets
Income before income taxes
Property, plant, and equipment
Intangibles and other assets
Total assets
Long-term liabilities
Stockholder's equity - common
Total liabilities and stockholder's equity
Income Statement For the Years Ended December 31, Table 2: A21-C33
2022
Cost of goods sold
Selling and Administrative expenses
Interest expense
Total costs and expenses
2022 2021
Income tax expense
Net Income
330
470
460
120
1,380
10
420
530
2,340
900
790
410
380
1,030
1,040
2,340 2.210
3,800
955
2,400
25
3,380
360
400
390
160
1,310
420
126
294
10
380
510
2210
2021
3,460
890
2,330
20
3,240
220
66
154
Transcribed Image Text:information in this worksheet to complete Wk 4 Practice. orthside Medical Balance Sheet December 31, Table 1: A2-C19 Current Assets Investments Current liabilities Sales Revenue Costs and expenses Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Income before income taxes Property, plant, and equipment Intangibles and other assets Total assets Long-term liabilities Stockholder's equity - common Total liabilities and stockholder's equity Income Statement For the Years Ended December 31, Table 2: A21-C33 2022 Cost of goods sold Selling and Administrative expenses Interest expense Total costs and expenses 2022 2021 Income tax expense Net Income 330 470 460 120 1,380 10 420 530 2,340 900 790 410 380 1,030 1,040 2,340 2.210 3,800 955 2,400 25 3,380 360 400 390 160 1,310 420 126 294 10 380 510 2210 2021 3,460 890 2,330 20 3,240 220 66 154
Example
Cash and cash
equivalents
Blank 1
Step 1: Blank 1; - Blank 2; = Blank 3;
Step 2: Blank 4; ÷ Blank 5; = Blank 6 %
Blank 2
Blank 3
Blank 4
Blank 5
Blank 6
Add your answer
Add your answer
Add your answer
Add your answer
Calculate the 2022 Horizontal Analysis variance of "Sales Revenue" in %. Fill in the equations using the financial statements provided
(no symbols or commas) and the % should be in a XX.XX format:
Add your answer
2022
Add your answer
$330
Last saved 3:49:34 PM
2021
$360
2022 2021 #
-$30
13 OF
Answer / 2021
-0.083333333
JESTIONS REMAINING
Update to %
-8.30%
Transcribed Image Text:Example Cash and cash equivalents Blank 1 Step 1: Blank 1; - Blank 2; = Blank 3; Step 2: Blank 4; ÷ Blank 5; = Blank 6 % Blank 2 Blank 3 Blank 4 Blank 5 Blank 6 Add your answer Add your answer Add your answer Add your answer Calculate the 2022 Horizontal Analysis variance of "Sales Revenue" in %. Fill in the equations using the financial statements provided (no symbols or commas) and the % should be in a XX.XX format: Add your answer 2022 Add your answer $330 Last saved 3:49:34 PM 2021 $360 2022 2021 # -$30 13 OF Answer / 2021 -0.083333333 JESTIONS REMAINING Update to % -8.30%
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