Financial Statements (CH 21 9th Edition Business Mathematics by Cheryl Cleaves, Margie Hobbs, Jeffrey Noble keys solutions) CHAPTER 21-1 1. Prepare a balance sheet for Miss Muffins Bakery for December 31, 2012. The company assets are: cash, $1,985; accounts receivable, $4,219; merchandise inventory, $2,512. The liabilities are: accounts payable, $3,483; wages payable, $1,696. The owners capital is $3,537. 2. Expand the balance sheet for Exercise 1 to include figures for 2011. The company assets are: cash, $1,762; accounts receivable, $3,785; merchandise inventory, $2,036. The liabilities are: accounts payable, $3,631; wages payable, $1,421. The owners capital is $2,531. 3. Prepare the balance sheet for ODells Nursery for December 31, 2012. The company assets are: cash, $8,917; accounts receivable, $7,521; merchandise inventory, $17,826. The liabilities are: accounts payable, $10,215; wages payable, $3,716. The owners capital is $20,333. 4. Expand the balance sheet for Exercise 3 for 2011. The company assets are: cash, $12,842; accounts receivable, $5,836; merchandise inventory, $18,917. The liabilities are: accounts payable, $8,968; wages payable, $2,582. The owners capital is $26,045. 5. Complete the vertical analyses on the comparative balance sheet for Miss Muffins Bakery for 2012. (Use parentheses to indicate decreases.) Use Exercise 1. 6. Use Exercises 1 and 2 to complete the vertical analyses on the comparative balance sheet for Miss Muffins Bakery for 2011 7. Complete the vertical analyses on the comparative balance sheet for ODells Nursery for 2012. 8. Complete the vertical analyses on the comparative balance sheet for ODells Nursery for 2011. 9. Use Exercises 1 and 2 to complete the horizontal analyses showing differences in dollar amounts and percents on the comparative balance sheet for Miss Muffins Bakery. 10. Complete the horizontal analyses showing differences in dollar amounts and percent increases (decreases) on the comparative balance sheet for ODells Nursery 11. To find the percent of total debt compared to total assets, divide the total liabilities by the total assets and write in percent form. Find the total debt to total assets for Miss Muffins Bakery for 2012. Use Exercise 1. 12. Use the formula in Exercise 11 to find the percent of total debt compared to total assets for Miss Muffins Bakery for 2011. Use Exercise 2. Place your order now for a similar paper and have exceptional work written by our team of experts to guarantee you A Results Why Choose US : 6+ years experience on custom writing 80% Return Client Urgent 2 Hrs Delivery Your Privacy Guaranteed Unlimited Free Revisions The Best Bike Rides in the Mid-Atlantic States: Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, Washington, D.C., West Virginia The Spell of the Rockis How to Rebuild and Modify Rochester Quadrajet Carburetors Abe Lincoln Goes to Washington 1837 1865
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