Explore BrainMass

Explore BrainMass

    Financial Statements and Horizontal Analysis

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    I need help to create the income statement, balance sheet, statement of retained earnings, statement of cash flows, ratio analysis and vertical and horizontal analysis. Please complete the spreadsheet using formulas so I can see how everything was calculated.

    Additional information:
     _Land with the land improvements were sold at book value (no gain or loss) in 2014. (Note: To evaluate the sale, use the following accounts: land, building and land improvements, and Other Noncurrent Assets)
     _New equipment purchased with cash for $2,739,067 in 2014
     _New storage building purchased with cash for $135,000 in 2015
     _No investments have been sold or purchased in 2014 or 2015

    There are currently 8,275,000 shares of common stock outstanding. No additional common stock has been sold or repurchased in any of the aforementioned years.

    © BrainMass Inc. brainmass.com April 1, 2020, 11:09 pm ad1c9bdddf


    Solution Summary

    The expert examines financial statements and horizontal analysis for new equipment for a company. Investments are analyzed. The response addresses the query is in attached file.