Slide 14-11 CLOVER CORPORATION Complete the Comparative Balance sheets analysis for the December 31 other assets Dollar Percent 2001 2000 Change‖ Change* Assets Current assets Cash and equⅳ alerts $120001235001$(11500149% Accounts receivable, net 60.000 40.000 Inventory 800010001 Prepaid expenses 2000 4 00 Total current assets($115002523500)?100%=48.94% Property and equipment: Land 400400 Buildings and equipment, net 120.000 85,000 Total property and equipment 160,000$ 125,000 Total assets $315,00289,700 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 Dollar Percent 2001 2000 Change‖ Change* Assets Current assets Cash and equⅳ alerts $120001235001$(11500149% Accounts receivable, net 60.000 40.000 20.000 50.0% Inventory 80,000‖100,000 (200000-20.0% Prepaid expenses 3,000 1,200 1,800150.0% Total current assets $155,000$164,700 (9700) 59% Property and equipment: Land 400400 0.0% Buildings and equipment, net 120.000 85,000 35000 41.2% Total property and equipment 160,000$ 125,000 35000 28.0% Total assets $315,000$289,700$25300 8.7 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 $400000$355000$320000$290000$275000 Cost of sales285,000250,000225000198,000190,000 Gross profit 115000105,000 95,00092,000 85000 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