Slide 14-11 CLOVER CORPORATION Complete the Comparative Balance sheets analysis for the December 31 other assets Doar‖ Percent 2001 2000 Change Change* Assets Current assets: Cash and equivalents $1200:52350015(115001489% Accounts receivable net 60.000 40000 Inventory 80,000100,000 Prepaid expenses 2000 900 Total current assets ($11500?$23500)?100%=4894% Property and equipment: Land 40000 40000 Buildings and equipment, net 120000 85000 Total property and equipment$ 160,000$125,000 Total assets $315,000‖$289,700 Percent rounded to one decimal point
?The McGraw-Hill Companies, Inc., 1999 Slide 14-11 Irwin/McGraw-Hill CLOVER CORPORATION Comparative Balance Sheets December 31, 2001 2000 Dollar Change Percent Change* Assets Current assets: Cash and equivalents $ 12,000 $ 23,500 $ (11,500) -48.9% Accounts receivable, net 60,000 40,000 Inventory 80,000 100,000 Prepaid expenses 3,000 1,200 Total current assets $ 155,000 $ 164,700 Property and equipment: Land 40,000 40,000 Buildings and equipment, net 120,000 85,000 Total property and equipment $ 160,000 $ 125,000 Total assets $ 315,000 $ 289,700 * Percent rounded to one decimal point. ($11,500 ?$23,500) ?100% = 48.94% Complete the analysis for the other assets
Slide 14-12 CLOVER CORPORATION Comparative Balance sheets December 31 Doar‖ Percent 2001 2000 Change Change* Assets Current assets: Cash and equivalents $12001235005(11500489% Accounts receivable net 60.000 40000 20.000 500% Inventory 80,000100,000 (2000-20% Prepaid expenses 3,000 1,200 1,800150.0% Total current assets $155000$164700 9700) -5.9% Property and equipment: Land 40000 40000 0.0% Buildings and equipment, net120,000 85,000 35,000 41.2% Total property and equipment 160,000 l$ 125,000 35,00028.0% Total assets 315,000289700$25,300 87% Percent rounded to one decimal point
?The McGraw-Hill Companies, Inc., 1999 Slide 14-12 Irwin/McGraw-Hill CLOVER CORPORATION Comparative Balance Sheets December 31, 2001 2000 Dollar Change Percent Change* Assets Current assets: Cash and equivalents $ 12,000 $ 23,500 $ (11,500) -48.9% Accounts receivable, net 60,000 40,000 20,000 50.0% Inventory 80,000 100,000 (20,000) -20.0% Prepaid expenses 3,000 1,200 1,800 150.0% Total current assets $ 155,000 $ 164,700 (9,700) -5.9% Property and equipment: Land 40,000 40,000 - 0.0% Buildings and equipment, net 120,000 85,000 35,000 41.2% Total property and equipment $ 160,000 $ 125,000 35,000 28.0% Total assets $ 315,000 $ 289,700 $ 25,300 8.7% * Percent rounded to one decimal point
Slide 14-13 Trend analysis Trend analysis is used to reveal patterns in data covering successive periods. Trend Analysis Period Amount 100% Percent Base Period amount Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999
?The McGraw-Hill Companies, Inc., 1999 Slide 14-13 Irwin/McGraw-Hill Trend Analysis Trend analysis is used to reveal patterns in data covering successive periods. Trend Percent Analysis Period Amount Base Period Amount = 100%
Slide 14-14 Trend analysis Example Berry Products ncome Information For the Years ended december 31 Item 2001 2000 1999 1998 1997 Revenues $400,000$355,000$320,000$290,000$275,000 Cost of sales285,000250,000225,000198,000190,000 Gross profit 115000105000950009200085000 1997 is the base period so its amounts will equal 100%. Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999
?The McGraw-Hill Companies, Inc., 1999 Slide 14-14 Irwin/McGraw-Hill Trend Analysis Example 1997 is the base period so its amounts will equal 100%. Berry Products Income Information For the Years Ended December 31, Item 2001 2000 1999 1998 1997 Revenues $400,000 $355,000 $320,000 $290,000 $275,000 Cost of sales 285,000 250,000 225,000 198,000 190,000 Gross profit 115,000 105,000 95,000 92,000 85,000