Santanderio Inc.: Consolidated Financial Statements
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Please assist showing the math. The below chart which is already completed attached is needed to complete.
SANTANDERIO INC.
1.This small New York Company is a distributor of special electronic lamps.
These lamps are purchased by laboratories and research centers throughout the country.
Retained Earnings, 12/31/2000 (Beg.Bal.) $41,000
Net Income $37,000
Paid in Capital (PIC) NONE
Dividends Paid $12,000
Show "Formulas" and "Math" for every answer hereunder:
Inventory =
Land =
A/P =
Total Liabilities =
Retained Earnings =
Common Stock =
Total L + OE =
2.Complete the Consolidated Balance Sheet of Santanderio Inc. for 2002 knowing the following:
Cash Increased by $2,000
Advertising Costs increased by $1,500
Short Term Debt decreased by $1,000
Accounts Receivable was reduced by $2,000
Show "Formulas" and "Math" for every answer hereunder:
Cash =
Advertising =
Short Term Debt =
Accounts Receivable =
Total Current Assets =
Total Prop., Plant & Equipment =
Total Current Liabilities =
Total Liabilities =
Total O/E =
3.Complete the Consolidated Balance Sheet of Santanderio Inc. for 2003 knowing the following:
The Company purchased merchandise during the year as follows:
Date Merchandise Item Price
January 6 400 $51.50
February 9 150 $53.00
June 14 200 $49.00
July 16 250 $50.00
September 22 300 $51.00
Beginning Inventory: 1,300 lamps (All lamps purchased at $50.00)
Ending Inventory: 1,100 lamps
The company uses FIFO for the inventory cost
Depreciation: The company purchased a machine in 2002 for $60,000
and uses the double declining balance depreciation method.
The depreciation is based on 5 years.
Cash Increased by $5,000
Accrued Compensation Increase by $ 700
Accounts Payable Increased by $4,000
Show "Formulas" and "Math" for every answer hereunder:
Cash =
Accrued Compensation =
Accounts Payable =
Merchandise Inventory (FIFO)
Beginning Inventory =
Available Inventory =
Sales =
COGS =
End Inventory =
Total Current Assets =
Depreciation (Double Declining Depreciation)
Book Value =
Year 1 (2002)=
Year 2 (2003)=
accumulated Depreciation (This year + prior years) =
Total Assets =
Total Current Liabilities =
L/T Debt =
Retained Earnings =
Total L + O/E =
4.Do an explicit trend analysis for:
(Your analysis must cover ALL three years)
Cash =
2001
2002
2003
Accounts Payable =
2001
2002
2003
Retained Earnings =
2001
2002
2003
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Solution Summary
This solution shows step-by-step data computations for Santanderio Inc.'s consolidated financial statements and also includes full explanations in a tutorial.
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