Accounting Financial Statement

Accounting Financial Statement Assignment Help

See the attached Consolidated Balance Sheet for GlobalSCAPE, Inc. Use it to prepare a Common-Size Consolidated Balance Sheet for 2015 and 2016.

Beginners’ Guide to Financial Statement

Analyze the changes between the two years in the composition of assets within the different categories, the capital structure, and the debt structure (long-term relative to short term) Submit the Statement and your Analysis. (To prepare a common-size balance sheet, divide each amount by the amount of total assets.

Consolidated Balance Sheets – USD ($) $ in Thousands

GlobeSCAPE, Inc. Dec. 31, 2016 Dec. 31, 2015

Current assets:

Cash and cash equivalents $ 8,895 $ 15,885

Short term investments 2,754 3,254

Accounts receivable (net of allowance for doubtful accounts of $325 and $511 in 2015 and 2014, respectively) 6,964 5,875

Federal income tax receivable 169 545

Prepaid expenses 521 511

Total current assets 19,303 26,070

Property and equipment, net 456 498

Long term investments 12,779 0

Capitalized software development costs 3,743 3,982

Goodwill 12,712 12,712

Deferred tax asset 942 940

Other assets 245 60

Total assets 50,180 44,262

Current liabilities:

Accounts payable 876 839

Accrued expenses 1,836 1,893

Deferred revenue 13,655 12,460

Total current liabilities 16,367 15,192

Deferred revenue, non-current portion 3,790 3,808

Other long term liabilities 147 134

Commitments and contingencies

Stockholders’ equity:

Preferred stock, par value $0.001 per share, 10,000,000 authorized, no shares issued or outstanding 0 0

Common stock, par value $0.001 per share, 40,000,000 authorized, 21,920,912 and 21,303,467 shares issued at December 31,

2016 and December 31, 2015, respectively 22 21

Additional paid-in capital 21,650 19,583

Treasury stock, 403,581 shares, at cost, at December 31, 2016 and December 31, 2015 (1,452) (1,452)

Retained earnings 9,656 6,976

Total stockholders’ equity 29,876 25,128

Total liabilities and stockholders’ equity $ 50,180 $ 44,262

Quantitative Methods For Finance & Accounting

Accounting Financial Statement Assignment Help

Last Updated on July 21, 2020 by Essay Pro