Question

statements. (Decreases should be indicated by a minus sign. Round your percentage answers t 1 decimal place.) PINNACLE PLUS Horizontal Analysis Increase (Decrease) in the Current year (versus Previous year) Current Year Previous Year Amount Percentage Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income lax Payable Note Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earningsf Total Liabilities and Stockholders' EquityS 212,360 S 196,700 tDuring the current year, cash dividends amounting to $7,500 were declared and paid $ 119,000$105,300 48,900 56,400 35,250 4,900 16,250 4,875 11,375 53,800 65,200 40,500 4,900 19,800 5,940 S 13,860$ 37,200 10,200 39,800 109,500 S 212,360 $196,700 35,900 1,400 49,000 86,300 82,000 28,400 $ 71,760$ 18,800 25,900 95,900 43,800 $ 2,800 49,000 95,600 82,000 34,760

Answer 1

PINNACLE PLUS Increase (Decrease) Amount Current Year! Prior Year | | Percent (%) Percent (%) Amount Income Statement $ 119,000 1 $53,800 48,900 $ 4,900 S 65,200 $ 40,500 35,250 5,250 $4,900 $4,900$ 105,300 13,700 13.096| (S 119,000-$ 105,300)| ($ 13,700 / $ 105,300)* 100 10.0% ($ 53,800-$48,900) |($4,900 / $48,900)"100 15.6% ( 65,200 $56,400 $8,800/$56,400)*100 14.9% ($40,500-$35,250) |($5,250 / $ 35,250)*100 0.0% ($4,900- $ 4,900) (0/$4,900)*100 21.8% (S 19,800 $16,250) $ 3,550 $ 16,250) 100 21.8%!($5,940-$4,875) |($1,065 / $ 4,875)*100 21.896|($13,860-$11,375) |($2,485 / $ 11,375)*100 Cost of goods sold Gross profit Operating and other epenses Interest expense Income before Income Tax Expense Income tax expense (30%) Net Income Balance Sheet Cash Accounts Receivable, net 56,400$ 8,800 19,800$ 16,250 $ 3,550 $ 5,940 $ 4,875 1,065 S 13,860 11,375 $ 2,485 S 71,760 37,200 34,560 $ 18,800 10,200 8,600 S25,90039,800 $ (13,900 $95,900 109,500 $ (13,600 S212,360 196,70015,660 $ 43,800 35,900 7,900 $ 2,800 | S 1,400 | $ 1,400 | 92.9%!($71,760-$37,200) |($ 34,560/$37,200)"100 84.3%IS 18,800-$10.200) |($8,600 / $ 10.200)*100 34.9%!($25,900-$39,800) |($(13,900) / $ 39,800)*100 12.4%)($95,900-$109,500) |($(13,600)/$109,500)*100 8.096| (S 212, 360-$ 196,700)| (S 15,660 / $ 196,700)* 100 22.0% ($ 43,800 $ 35,900) $ 7,900/$ 35,900)*100 100.0%|(s 2,800-$1.400) 0.0%)($49,000-$49,000) |($ 0 / $49,000) 100 10.8%!($ 95,600-$86,300) |($9.300 / $ 86.300)*100 0.0%)($ 82,000-$82,000) |($ 0 / $ 82,000)*100 22.4% ($34,760-$28,400) |($6,360/$28,400)*100 8.0%) (S 212.360-S 196,700)|(S 15,660 / S 196,700)*100 Invento Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Common Stock (par $ 10) Retained Earnings Total Liabilities and Stockholders' Equity kg |(S1.400 / $1,400)*100 49,00049,000 $ $ 95,600$86,300 9,300 s 82,000 82,000 $ $ 34,760 28,400 6,360 212,360 $ 196,700 Cash Income Tax Payable 15,660 2-a. Increased Account 2-b. Increased Account