Solution Manual for Financial Statement Analysis, 13th Edition By Charles H. Gibson

 01234568935 41554524465554
9
:;<=>?;@9AB@=B<9
CDEFGHIJECGD9EG9KILCDMLL9NDNOPECJL9QLE9MHCECGD9
9
KP9FCJRNFHLGD9NDH99SNELGD9TQU9




9





!"#
$%&&
''()
*&&
!%+,-.
!/./!0/1)
23
!/4!315-%36
3!
1%.-!%75-%36
#%-,35-
-,/
4!%3!
#!%--/6
36./6-
38

!"#
$%&&
''()

9

,
žŸ0¡1¢2£3¤¥45¦6¤§89¢¨©ª3«5¤¡ž¢4¤1¬­
554524465554
¢®¡©¯°¦¤±®©°²¤³­®©°¢®®¤́°Ÿµ«¡©¨®¤¡¯¤́¶¶£¢®®¤³­®©°¢®®¤¬­¢®¡©¯°®¤
9
:;<=>?@9AB9CD><EF9>;?9G<><B9HF9IF>@JKLM>EJF9>J9NLOEF?OO9G<><9PJL@M?O9
9
:;<=>?@9QB9HF<RST?9>;?9G<><B9N<OEM9P><>EO>EMO9<FK9UJJRO9V?WLE@?K9EF9NLOEF?OO9HF<RS>EMO9
9
:;<=>?@9XB9HF<RST?9>;?9G<><B9YZ=RJ@<>J@S9NLOEF?OO9HF<RS>EMO9[G?OM@E=>E\?9HF<RS>EMO9<FK9
GE<]FJO>EM9HF<RS>EMO^9:;<=>?@9_B9HF<RST?9>;?9G<><B9:JFÈ@a<>J@S9NLOEF?OO9HF<RS>EMO9
[b@?KEM>E\?9HF<RS>EMO9<FK9b@?OM@E=>E\?9HF<RS>EMO^9:;<=>?@9cB9V?=J@>9>;?9V?OLR>OB9dOEF]9G<><9
eEOL<RET<>EJF9
:;<=>?@9fB9g<@h?>EF]9HF<RS>EMO9
:;<=>?@9iB9HMMJLF>EF]9HF<RS>EMO9
:;<=>?@9jB9kEF<FME<R9HF<RS>EMO9
:;<=>?@9lmB9C=?@<>EJFO9
HF<RS>EMO9
:;<=>?@9llB9HK\<FM?K9NLOEF?OO9HF<RS>EMO9
9
:;<=>?@9lAB9dOEF]9>;?9PCHV9HF<RS>EMO9gJK?R9>J9bL>9I>9HRR9UJ]?>;?@B9U;@??9:<=O>JF?9b@Jn?M>O9
9
9
opqrstuvwvxyz{|}{opqrstuv~€y‚tysvƒ|„s€|y9
† „s€r„tvop|€‡tvˆ ts€|y9
9‰Š[‹C9lŒl^9H9MJJ@KEF<>?K9O><FK<@KET?K9O?>9J9̀<M>E\E>E?O9MJFKLM>?K9DS9DJ>;9=?J=R?9<FK9?WLE=a?F>9>J9
<MMJa=REO;9<9O=?MÈEM9DLOEF?OO9><Oh9EO9M<RR?K9 ŽŒ9
‘’ €ytvru|‡tt9
“‰ŠDLOEF?OO9<F<RSOEO9
‰ŠDLOEF?OO9=@JM?KL@?9
‰ŠDLOEF?OO9\<RL?9
”‰Š[‹C9lŒA^9HMMJ@KEF]9>J9>;?9EFJ̀@a<>EJF9\<RL?9M;<EF9K<><9MJaDEF?K9•E>;9MJF>?Z>9EO9
‘–y}|u‚qs€|y—9
“‰Š˜FJ•R?K]?Œ9
‰ŠIFOE];>Œ9
‰Še<RL?Œ9
™‰Š[‹C9lŒ_^9š;EM;9=;<O?9J9̀>;?9PCHV9<F<RS>EMO9aJK?R9<KK@?OO?O9>;?9=@J=?@9•<S9>J9MJaaLFEM<>?9
@?OLR>O9>J9>;?9K?MEOEJF9a<h?@›9
‘P=?MÈS9>;?9WL?O>EJF9
œ‘CD> <EF!9">#

;$?%9&K< ><
9*&&
!%+,-.
!/./!0/1)
23
!/4!315-%36
3!
1%.-!%75-%36
#%-,35-
-,/
4!%3!
#!%--/6
36./6-
38

!"#
$%&&
''()




&
''()
9

, 01234568935 41554524465554
9:;<=>?@ABCDEBCF>D>C
GHIJKLMNOIOPKINKQRSOQC
TUVWXYCZ[\]C^E_`ECaE>bBCcdCDEBCeY<fC>=>?@D_`bCgcFB?C_=hc?hBbCd_=F_=iCDEBCgcbDC>aajcaj_>DBCF>D>C
=BBFBFCDcC>FFjBbbCDEBCklb_=BbbCmlBbD_c=nC
o:;eaB`_d@CDEBCmlBbD_c=C







!"#
$%&&
''()
*&&
!%+,-.
!/./!0/1)
23
!/4!315-%36
3!
1%.-!%75-%36
#%-,35-
-,/
4!%3!
#!%--/6
36./6-
38

!"#
$%&&
''()

9

,  01234568935 41554524465554
9:;<9=>?@;=AB;C>=>D
EFGHIJKLMDNOMDPINID
EFQMRSTNDNOMDTMUVJNUD
WEFXYZD[\]^D_OàODbVMUNS̀HUDUMMcD̀HdSTeINS̀HDIfSVNDghijkliDUIJMUD̀HDNOMDHMmNDbVITNMTnD
opq_OINDOIRRMHMPnD_OIND̀UDOIRRMHH̀rnD
spq_OKDPP̀D̀NDOIRRMHnD_OINDITMDNOMDaIVUMUDSdDRIUNDTMUVJNUnD
t:;u?vv;?=;A>wwB@;?@;=AB;xy=yzB{;uA>=;?|;=AB;wz}9>9?v?=~;|}B=A?@€;?vv;A>wwB@{;‚>@;B;
x}zBt>|=;A>=;?vv;A>wwB@{D
P\DD_OINDUOSVJPDƒMDPS„DfIUMPDSHDƒOINDƒMDMmRMaNDƒJ̀JDOIRRMHnDSƒDPSDƒMDSRǸe L̀MDSVTD
RMTdSTeIHaMDfIUMPDSHDRSNMHNÌJDaSHUNTIH̀NUnD
D
D†EFXYZD[\]^D_OàODbVMUNS̀HUDUMMcD̀HdSTeINS̀HDSHDNOMDTSVNH̀rDSdDRTSPVaNUDdTSeD‡VMTMNITS„D
ˆMmàSDNSD‰OàIrS„DŠHǸMPD‹NINMUD̀HDNOMDJIUNDbVITNMTnD
opquA>=;A>wwB@BC{;uA>=;?|;A>wwB@?@€{D
ŒEF_OKDPP̀D̀NDOIRRMHnD_OINDITMDNOMDaIVUMUDSdDRIUNDTMUVJNUnD
EF_J̀JD̀NDOIRRMHD̀HDNOMDdVNVTMnD_OIND̀UDNOMDRTSfIfJ̀ǸKDUSeMNOH̀rDƒJ̀JDOIRRMHnD‰IHDƒMD
dSTMaIUNDƒOINDƒJ̀JDOIRRMHnD
EF_OINDUOSVJPDƒMDPS„DfIUMPDSHDƒOINDƒMDMmRMaNDƒJ̀JDOIRRMHnDSƒDPSDƒMDSRǸe L̀MDSVTD
RMTdSTeIHaMDfIUMPDSHDRSNMHNÌJDaSHUNTIH̀NUnD







!"#
$%&&
''()
*&&
!%+,-.
!/./!0/1)
23
!/4!315-%36
3!
1%.-!%75-%36
#%-,35-
-,/
4!%3!
#!%--/6
36./6-
38

!"#
$%&&
''()

9