Homework Answers
| Groff Inc. | |||||||
| Income Statement (in Thousands) | |||||||
| For the Years Ended December 31, 2018-2020 | |||||||
| 2020 | 2019 | 2018 | |||||
| Value | $ change from 2018(Value 2020-Value 2018) | % change ($ change/ Value 2018) | Value | $ change from 2018(Value 2019-Value 2018) | % change ($ change/ Value 2018) | Value | |
| Revenue | $539 | $267 | 98% | $464 | $192 | 71% | $272 |
| Expenses | $290 | $142 | 96% | $271 | $123 | 83% | $148 |
| Net income | $249 | $125 | 101% | $193 | $69 | 56% | $124 |
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Review the select balance sheet and income statement for Apple,
Inc. (found in the 10-K).For the account assigned, identify
assertions which is relevant for the assigned accounts.
1. Account Receivable
2.Allowance for Accounts receivable
3. Debt
4. Operating expenses
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Discuss the horizontal analysis in the table below, explaining
why Cash and Cash equivalents have been twice in 2018 than 2017
despite cash from Operating Activities falling by almost one third.
And what risks for doing that?
Horizontal Analysis of Cash Flows
Note
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Cash flows from operating activities
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137.5
200.4
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Finance income
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