ACCT 1220 Chapter Notes - Chapter 1-8: Accounts Payable, Retained Earnings, Gross Profit

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coralmanatee323

3 Apr 2017

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Statement of financial position (balance sheet) **assets = liabilities + equity. Current assets (cash, supplies, accounts receivable, anything that"s values is within the year) Non-current assets (anything that gives value longer than the current year includes property plant & equipment) Current liabilities (accounts payable, salaries payable, interest payable things due within the current year) Non-current assets (anything not due within the current year) Working capital = current assets current liabilities (better to be high) $ Current ratio = current assets / current liabilities (better to be high) __ : 1. Debt to total assets = total liabilities / total assets (better to be low) % Earnings per share = profit available to common shareholders (better to be high) $ Price-earnings ratio = market price per share (better to be high) ___ times. Shareholders equity = common shares + retained earnings. Retained earnings = revenues expenses dividends.

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Account Name Balance Income tax Expense $ 600,000 Decrease inporperty valulation 35,000 Current Assets 6,500,000 Cost of Sales7,500,000 Distribuiton Costs 900,000 Common Shares Issued 895,000Finance Costs 90,000 Stock Option Compenstation 40,000 Profitbefore Taxes 1,750,000 Retained Earnings(endof year) 5,000,000Dividends Paid 150,000 Other Income 40,000 Gross Profit 3,500,000Share Captial (end of year) 3,395,000 Contributed surplus(beginnning of year) 60,000 Non-Current Liablilities 5,000,000Change in Currenc yTranslation(income) 40,000 RetainedEarnings(beginning of year) 4,000,000 Administrative Expenses800,000 Total Liabilities 8,000,000 Total Assets 16,500,000

create a statement of income, a statement of comprehensiveincome, a statement of changes in equity and a statement offinancial position

cyantortoise609

i have to read these following income statements and write a paragraph on it.

Your Company Name here
CONDENSED MULTISTEP INCOME STATEMENT
	Date

	Most recent year	Year	Year
($ in millions)
	12/31/16	12/31/15	12/31/14
Sales Revenue	41,490,000.00	39,678,000.00	36,918,000.00
Cost of Goods Sold	6,933,000.00	6,638,000.00	6,262,000.00
Gross Profit	34,557,000.00	33,040,000.00	30,656,000.00
Operating Expenses	28,359,000.00	27,075,000.00	25,091,000.00
Operating Income	6,198,000.00	5,965,000.00	5,565,000.00
Nonoperating revenues and expenses	1,388,000.00	1,388,000.00	1,388,000.00
Income before Income tax	4,810,000.00	4,577,000.00	4,177,000.00
Provision for Income tax	1,378,000.00	1,261,000.00	1,108,000.00
Income from continuing operations	3,432,000.00	3,316,000.00	3,069,000.00
Nonrecurring items	542,000.00	1,187,000.00	1,194,000.00
NET INCOME	2,890,000.00	2,129,000.00	1,875,000.00
Earnings per share	7.3	4.99	4.16



Your Company Name here
CONDENSED TREND ANALYSIS INCOME STATEMENT
	Date

	Most recent year	Year	Year
($ in millions)
	2016	2015	2014
Sales Revenue	112.38%	107.48%	100.00%
Cost of Goods Sold	110.72%	106.00%	100.00%
Gross Profit	112.73%	107.78%	100.00%
Operating Expenses	113.02%	107.91%	100.00%
Operating Income	111.37%	107.19%	100.00%
Nonoperating revenues and expenses	100.00%	100.00%	100.00%
Income before Income tax	115.15%	109.58%	100.00%
Provision for Income tax	124.37%	113.81%	100.00%
Income from continuing operations	111.83%	108.05%	100.00%
Nonrecurring items	45.39%	99.41%	100.00%
NET INCOME	154.13%	113.55%	100.00%
Earnings per share	175.48%	119.95%	100.00%



Your Company Name here
CONDENSED COMMON SIZE INCOME STATEMENT
	Date

	Most recent year	Year	Year
($ in millions)
	2016	2015	2014

Sales Revenue	100.00%	100.00%	100.00%
Cost of Goods Sold	16.71%	16.73%	16.96%
Gross Profit	83.29%	83.27%	83.04%
Operating Expenses	68.35%	68.24%	67.96%
Operating Income	14.94%	15.03%	15.07%
Nonoperating revenues and expenses	3.35%	3.50%	3.76%
Income before Income tax	11.59%	11.54%	11.31%
Provision for Income tax	3.32%	3.18%	3.00%
Income from continuing operations	8.27%	8.36%	8.31%
Nonrecurring items	1.31%	2.99%	3.23%
NET INCOME	6.97%	5.37%	5.08%
Earnings per share	0.00%	0.00%	0.00%

maroonporpoise912

WITH THE INFORMATION PROVIDE WRITE A FINANCE REPORT OF INCOMESHEET PFIZER 2015,2014,2013

	Your Company Name here		PFIZER INC
	CONDENSED MULTISTEP INCOME STATEMENT
		Date	5-Nov-16

			Most recent year	Year	Year
($ in millions)			2015	2014	2013

Sales Revenue			48,851.00	49,605.00	51,584.00
Cost of Goods Sold			9,648.00	9,577.00	9,586.00
Gross Profit			39,203.00	40,028.00	41,998.00
Operating Expenses			728.00	935.00	1,011.00
Operating Income			11,824.00	13,249.00	15,184.00
Nonoperating revenues andexpenses			2,859.00	1,009.00	532.00
Income before Income tax			8,965.00	12,240.00	15,716.00
Provision for Income tax			1,990.00	3,121.00	4,306.00
Income from continuingoperations			14,512.00	-2,980.00	-10,233.00
Nonrecurring items			1,152,000	250,000.00	1,182,000.00
NET INCOME			6,960.00	9,135.00	22,003.00
Earnings per share			1.24	1.42	3.19



	Your Company Name here		PFIZER
CONDENSED TREND ANALYSISINCOME STATEMENT
		Date

			Most recent year	Year	Year
($ in millions)
			2015	2014	2013
Sales Revenue			95%	96%	100.00%
Cost of Goods Sold			101%	100%	100.00%
Gross Profit			93%	95%	100.00%
Operating Expenses			72%	92%	100.00%
Operating Income			78%	87%	100.00%
Nonoperating revenues andexpenses			537%	190%	100.00%
Income before Income tax			57%	78%	100.00%
Provision for Income tax			46%	72%	100.00%
Income from continuingoperations			-142%	29%	100.00%
Nonrecurring items			97%	21%	100.00%
NET INCOME			32%	42%	100.00%
Earnings per share			39%	45%	100.00%



	Your Company Name here		PFIZER
	CONDENSED COMMON SIZE INCOME STATEMENT
		Date

			Most recent year	Year	Year
($ inmillions)
			2015	2014	2013

Sales Revenue			100.00%	100.00%	100.00%
Cost of Goods Sold			19.75%	19%	19%
Gross Profit			80.25%	81%	81%
Operating Expenses			1.49%	2%	2%
Operating Income			24.20%	27%	29%
Nonoperating revenues andexpenses			5.85%	2%	1%
Income before Income tax			18.35%	25%	30%
Provision for Income tax			4.07%	6%	8%
Income from continuingoperations			29.71%	-6%	-20%
Nonrecurring items			2358.19%	504%	2291%
NET INCOME			14.25%	18%	43%
Earnings per share			0.00%	0%	0%

chocolategerbil484

ACCT 1220 Chapter Notes - Chapter 1-8: Accounts Payable, Retained Earnings, Gross Profit

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