Homework Answers
Horizontal Ananlysis of Income Statement is as follows:
| Particulars | 2019 | 2018 | Amount Difference | Percentage | Analysis |
| Net Sales | 16000 | 12000 | 4000 |
33.3% [(16000-12000)/12000] |
There is an increase of 33.3% in sales which is favourable to organisation |
| Cost of goods Sold | 8600 | 6800 | 1500 | 22.0% | There is an increase of 22.0% in cost of goods sold which is as such unfavourable but as the sales has also increased so accordingly it is favourable to organisation |
| Interest Expenses | 200 | 290 | -90 | -3.1% | There is an decrease of -3.1% in Interest Expenses which is favourable to organisation as it will help in increasing profits. |
| Income From Operations | 3400 | 2000 | 1400 | 70.0% | There is an increase of 70.0% in Income from operations which is favourable to organisation |
| Net Income | 2800 | 1700 | 1100 | 64.7% | There is an increase of 64.7% in Net Income which is favourable to organisation |
Vertical Analysis of Balance Sheet is as follows :
Add Answer to:
Question 40 5 pts X Use the following selected income statement data to perform a horizontal...
40. Use the following selected income statement data to perform a horizontal analysis for 2019. List...
40.
Use the following selected income statement data to perform a horizontal analysis for 2019. List each answer as a percentage, round to 1 decimal place, and include a - for any decreases (.e., a decrease of 10% would be entered as -1096). 2019 2018 Horizontal analysis Net sales 16,000 12,000 Cost of Goods Sold 8,600 6,800 Interest expense 200 290 Income from operations 3,400 2,000 Net income 2,800 1,700
42. U wors D Question 42 8 pts Use the following selected balance sheet data (presented...
42.
U wors D Question 42 8 pts Use the following selected balance sheet data (presented in alphabetical order) to perform a vertical analysis for 2019. Show all numbers as a percentage, and round to 1 decimal place. 2019 Vertical Analysis Accounts receivable 4,200 Accounts payable 1,500 Building 25,000 Cash 5,500 I Common Stock (1,000 shares) 2,000 Inventory 2,200 Mortgage payable 22,600 Unearned revenue 500
Question 44 6 pts Compute the following ratios using the selected financial statement information presented below....
Question 44 6 pts Compute the following ratios using the selected financial statement information presented below. Earnings per share Working capital Return on sales Financial Statement Information: 2019 2018 16,000 12,000 Net sales Cost of Goods Sold 8,600 6,800 200 290 Interest expense Income from operations Net income 3,400 2,000 2,800 1,700 INCLLUT 2019 Accounts receivable 4,200 1,500 Accounts payable Building Cash 25,000 5,500 2,000 2,200 Common Stock (1,000 shares) Inventory Mortgage payable Unearned revenue 22,600 500 Pro
Required Perform a horizontal analysis, showing the percentage change in each income statement component between 2018...
Required
Perform a horizontal analysis, showing the percentage change in
each income statement component between 2018 and 2019.
Perform a vertical analysis, showing each income statement
component as a percentage of sales for each year.
CAMPBELL COMPANY Income Statements 2019 Sales $ 201,500 Cost of goods sold 143,200 Selling expenses 20,300 Administrative expenses 12,600 Interest expense 3,100 Total expenses $179,200 Income before taxes 22,300 Income taxes expense 5,900 Net income $ 16,400 2018 $181,500 121,200 18,300 14,600 5,100 $159,200 22,300...
44. Compute the following ratlos using the selected financial statement Information presented below. Earnings per share...
44.
Compute the following ratlos using the selected financial statement Information presented below. Earnings per share Working capital Return on sales Financial Statement Information: 2019 2018 Net sales 16,000 12.000 8,600 6,800 Cost of Goods Sold Interest expense Income from operations 200 290 3,400 2,000 Net income 2,800 1,700 2019 4,200 1.500 25.000 5.500 Accounts receivable Accounts payable Building Cash Common Stock (1.000 shares) Inventory Mortgage payable Unearned revenue 2.000 2.200 22.600 500
Income statements for Jordan Company for 2018 and 2019 follow: 2018 JORDAN COMPANY Income Statements 2019...
Income statements for Jordan Company for 2018 and 2019 follow: 2018 JORDAN COMPANY Income Statements 2019 Sales $200,100 Cost of goods sold 142,700 Selling expenses 21,900 Administrative expenses 12,300 Interest expense 3,800 Total expenses $180,700 Income before taxes 19,400 Income taxes expense 6,400 Net income $ 13,000 $180, 100 120,700 19,900 14,300 5,800 $160, 700 19,400 3,000 $ 16,400 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019 b. Perform...
Income statements for Finch Company for 2018 and 2019 follow: FINCH COMPANY Income Statements 2019 2018...
Income statements for Finch Company for 2018 and 2019 follow: FINCH COMPANY Income Statements 2019 2018 Sales $ 202,000 $ 182,000 Cost of goods sold 143,400 121,400 Selling expenses 20,200 18,200 Administrative expenses 12,200 14,200 Interest expense 3,100 5,100 Total expenses $ 178,900 $ 158,900 Income before taxes 23,100 23,100 Income taxes expense 5,400 3,400 Net income $ 17,700 $ 19,700 Required Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. Perform...
Income statements for Rundle Company for 2018 and 2019 follow: RUNDLE COMPANY Income Statement...
Income statements for Rundle Company for 2018 and 2019 follow: RUNDLE COMPANY Income Statements 2019 2018 Sales $ 200,900 $ 180,900 Cost of goods sold 143,900 121,900 Selling expenses 20,100 18,100 Administrative expenses 12,800 14,800 Interest expense 3,900 5,900 Total expenses $ 180,700 $ 160,700 Income before taxes 20,200 20,200 Income taxes expense 6,600 3,500 Net income $ 13,600 $ 16,700 Required Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. Perform...
Income statements for Balrd Company for 2018 and 2019 follow BAIRD COMPANY Income Statements 2819 2018...
Income statements for Balrd Company for 2018 and 2019 follow BAIRD COMPANY Income Statements 2819 2018 $181,60e Sales $201,600 Cost of goods sold Selling expenses Administrative expenses 143,eee 21, see 12,70e 3,200 $180,400 21, 20e 7,eee 121, eee 19, see 14,7ee 5,2ee $160,4ee Interest expense Total expenses Income before taxes 21, 280 3,7ee $ 17,see Income taxes expense Net income $ 14,200 Required a. Perform a hortzontal analysis, showing the percentage change in each Income statement component between 2018 and...
Income statements for Benson Company for 2018 and 2019 follow: BENSON COMPANY Income Statements 2019 Sales...
Income statements for Benson Company for 2018 and 2019 follow: BENSON COMPANY Income Statements 2019 Sales $ 201,100 Cost of goods sold 142,600 Selling expenses 20,700 Administrative expenses 12,500 Interest expense 3,500 Total expenses $179,300 Income before taxes 21,800 Income taxes expense 6,900 Net income $ 14,900 2018 $181,100 120,600 18,700 14,500 5,500 $159,300 21,800 3,200 $ 18,600 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. b. Perform a...
40.
Use the following selected income statement data to perform a horizontal analysis for 2019. List each answer as a percentage, round to 1 decimal place, and include a - for any decreases (.e., a decrease of 10% would be entered as -1096). 2019 2018 Horizontal analysis Net sales 16,000 12,000 Cost of Goods Sold 8,600 6,800 Interest expense 200 290 Income from operations 3,400 2,000 Net income 2,800 1,700
42.
U wors D Question 42 8 pts Use the following selected balance sheet data (presented in alphabetical order) to perform a vertical analysis for 2019. Show all numbers as a percentage, and round to 1 decimal place. 2019 Vertical Analysis Accounts receivable 4,200 Accounts payable 1,500 Building 25,000 Cash 5,500 I Common Stock (1,000 shares) 2,000 Inventory 2,200 Mortgage payable 22,600 Unearned revenue 500
Question 44 6 pts Compute the following ratios using the selected financial statement information presented below. Earnings per share Working capital Return on sales Financial Statement Information: 2019 2018 16,000 12,000 Net sales Cost of Goods Sold 8,600 6,800 200 290 Interest expense Income from operations Net income 3,400 2,000 2,800 1,700 INCLLUT 2019 Accounts receivable 4,200 1,500 Accounts payable Building Cash 25,000 5,500 2,000 2,200 Common Stock (1,000 shares) Inventory Mortgage payable Unearned revenue 22,600 500 Pro
Required
Perform a horizontal analysis, showing the percentage change in
each income statement component between 2018 and 2019.
Perform a vertical analysis, showing each income statement
component as a percentage of sales for each year.
CAMPBELL COMPANY Income Statements 2019 Sales $ 201,500 Cost of goods sold 143,200 Selling expenses 20,300 Administrative expenses 12,600 Interest expense 3,100 Total expenses $179,200 Income before taxes 22,300 Income taxes expense 5,900 Net income $ 16,400 2018 $181,500 121,200 18,300 14,600 5,100 $159,200 22,300...
44.
Compute the following ratlos using the selected financial statement Information presented below. Earnings per share Working capital Return on sales Financial Statement Information: 2019 2018 Net sales 16,000 12.000 8,600 6,800 Cost of Goods Sold Interest expense Income from operations 200 290 3,400 2,000 Net income 2,800 1,700 2019 4,200 1.500 25.000 5.500 Accounts receivable Accounts payable Building Cash Common Stock (1.000 shares) Inventory Mortgage payable Unearned revenue 2.000 2.200 22.600 500
Income statements for Jordan Company for 2018 and 2019 follow: 2018 JORDAN COMPANY Income Statements 2019 Sales $200,100 Cost of goods sold 142,700 Selling expenses 21,900 Administrative expenses 12,300 Interest expense 3,800 Total expenses $180,700 Income before taxes 19,400 Income taxes expense 6,400 Net income $ 13,000 $180, 100 120,700 19,900 14,300 5,800 $160, 700 19,400 3,000 $ 16,400 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019 b. Perform...
Income statements for Balrd Company for 2018 and 2019 follow BAIRD COMPANY Income Statements 2819 2018 $181,60e Sales $201,600 Cost of goods sold Selling expenses Administrative expenses 143,eee 21, see 12,70e 3,200 $180,400 21, 20e 7,eee 121, eee 19, see 14,7ee 5,2ee $160,4ee Interest expense Total expenses Income before taxes 21, 280 3,7ee $ 17,see Income taxes expense Net income $ 14,200 Required a. Perform a hortzontal analysis, showing the percentage change in each Income statement component between 2018 and...
Income statements for Benson Company for 2018 and 2019 follow: BENSON COMPANY Income Statements 2019 Sales $ 201,100 Cost of goods sold 142,600 Selling expenses 20,700 Administrative expenses 12,500 Interest expense 3,500 Total expenses $179,300 Income before taxes 21,800 Income taxes expense 6,900 Net income $ 14,900 2018 $181,100 120,600 18,700 14,500 5,500 $159,300 21,800 3,200 $ 18,600 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. b. Perform a...
Most questions answered within 3 hours.
-
An aqueous solution of barium hydroxide is
standardized by titration with a 0.196 M solution
of...
asked 14 minutes ago -
accorsing to the data from thw college board, the mean wuantitive
Sat score for s demale...
asked 1 hour ago -
1- What are 5 general characteristics of Botticelli’s
paintings?
2- Describe 5 important traits of Flemish...
asked 3 hours ago -
A golfer claims that his average golf score at the course he
plays regularly is less...
asked 3 hours ago -
On May 1, First Bank perfected a security interest in Debtor’s
inventory. On June 1, Bob...
asked 4 hours ago -
A new kind of typhoid shot is being developed by a medical
research team. The old...
asked 5 hours ago -
Write a chemical equation for these reactions. (Use
the lowest possible whole number coefficients.) Include
states-of-matter...
asked 7 hours ago -
For each of the Z-scores below, determine two probabilities
(show four three decimal places): (1) the...
asked 8 hours ago -
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 10 hours ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 10 hours ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 10 hours ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 10 hours ago