Excel Activity: Financial Statements, Cash Flow, and Taxes
Laiho Industries’s 2020 and 2021 balance sheets (in thousands of dollars) are shown.
|Laiho Industries: Balance Sheets as of December 31 (thousands of dollars)|
|Total current assets||$||244,854||$||209,234|
|Net fixed assets||68,625||43,394|
|Total current liabilities||$||76,447||$||58,066|
|Total common equity||$||161,404||$||129,434|
|Total liabilities and equity||$||313,479||$||252,628|
The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Enter your answers in thousands. For example, an answer of $1 thousand should be entered as 1, not 1,000. Round your answers to the nearest whole number. Use a minus sign to enter negative values, if any.