Exam 9: Financial Statement Analysis

Basic analytical method in which all items are expressed only in relative terms (percentages of a common base) and are often useful for comparing one company with another or for comparing a company with industry averages are:

Revenue and expense data for Reuters Company are as follows: 2012 2013 \ 18,000 \ 24,750 Administrative expense 375,000 500,000 Cost of goods sold 12,000 11,600 Income tax 600,000 750,000 Net sales 154,800 182,250 Selling expenses

Washington Corporation has the following financial data for 2013 and 2012. 2012 2013 ASSSETS Curent Assets: 9,000 \ 37,000 Cash 11,000 8,000 Marketable Securities 25,000 32,000 Accounts Receivable 10,000 13,000 Other Current Assets 55,000 90,000 Total Current Assets 120,000 135,000 Fixed Assets(net) \ 175,000 \ 225,000 Total Assets Liabilities \ 40,000 \ 71,000 Curent Liabilities 35,000 34,000 Long-term Liabilities \ 75,000 \ 105,000 Total Libilities \ 100,000 \ 120,000 Total Stocklohlers'Equity \ 175,000 \ 225,000 Total Linbilities And StockJolders' Equity What is Washington's working capital for 2013?