The condensed comparative statements of Uranium Mining Corporation follow: Uranium Mining Corporation Income Statement ($000)...

70.2K

Verified Solution

Question

Accounting

The condensed comparative statements of Uranium Mining Corporation follow: Uranium Mining Corporation Income Statement ($000) For Years Ended December 31 2023 2022 2021 2020 2019 2018 2017 Net sales $ 1,257 $ 1,138 $ 1,062 $ 998 $ 952 $ 906 $ 804 Cost of goods sold 763 634 556 496 466 441 375 Gross profit from sales $ 494 $ 504 $ 506 $ 502 $ 486 $ 465 $ 429 Operating expenses 279 235 222 183 169 167 153 Profit $ 215 $ 269 $ 284 $ 319 $ 317 $ 298 $ 276 Uranium Mining Corporation Balance Sheet ($000) December 31 2023 2022 2021 2020 2019 2018 2017 Assets Cash $ 56 $ 68 $ 70 $ 71 $ 74 $ 73 $ 75 Accounts receivable, net 318 332 304 240 215 205 152 Inventory 1,088 803 707 604 547 471 357 Other current assets 43 40 29 41 38 38 27 Non-strategic investments 0 0 0 112 112 112 112 Plant and equipment, net 1,422 1,418 1,261 776 797 726 644 Total assets $ 2,927 $ 2,661 $ 2,371 $ 1,844 $ 1,783 $ 1,625 $ 1,367 Liabilities and Equity Current liabilities $ 702 $ 593 $ 401 $ 338 $ 298 $ 284 $ 193 Non-current liabilities 746 654 637 312 318 342 268 Common shares 900 900 900 772 772 640 640 Retained earnings 579 514 433 422 395 359 266 Total liabilities and equity $ 2,927 $ 2,661 $ 2,371 $ 1,844 $ 1,783 $ 1,625 $ 1,367 Required: Calculate trend percentages for the items of the statements using 2017 as the base year. (Round your final percentage answers to 1 decimal place.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students