1 | Horizontal Analysis | ||||
2015 | 2014 | Difference - Amount | Difference - Percent | ||
(i) | (ii) | (iii) = (i) - (ii) | (iii) / (ii) | ||
Revenue | $ 140 | $ 210 | $ -70 | -33.3% | |
Cost of Crude oil and products | $ 70 | $ 120 | $ -50 | -41.7% | |
Other operating costs | $ 65 | $ 60 | $ 5 | 8.3% | |
Income before Income tax | $ 5 | $ 30 | $ -25 | -83.3% | |
Income tax expense | $ - | $ 10 | $ -10 | -100.0% | |
Net Income | $ 5 | $ 20 | $ -15 | -75.0% | |
2 | Vertical Analysis | ||||
2015 | 2014 | ||||
(i) | (i) / $140 | (ii) | (ii) / $210 | ||
Revenue | $ 140 | 100.0% | $ 210 | 100.0% | |
Cost of Crude oil and products | $ 70 | 50.0% | $ 120 | 57.1% | |
Other operating costs | $ 65 | 46.4% | $ 60 | 28.6% | |
Income before Income tax | $ 5 | 3.6% | $ 30 | 14.3% | |
Income tax expense | $ - | 0.0% | $ 10 | 4.8% | |
Net Income | $ 5 | 3.6% | $ 20 | 9.5% | |
3 | No |
E13-1 (Static) Preparing and Interpreting a Schedule for Horizontal and Vertical Analyses [LO 13-2, 13-3, 13-5)...
E13-1 Preparing and Interpreting a Schedule for Horizontal and Vertical Analyses (LO 13-2, LO 13-3, LO 13-5) The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions). 2-a. Conduct a...
E13-3 Preparing and Interpreting a Schedule for Horizontal and Vertical Analyses (LO 13-2, LO 13-3, LO 13-5) According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 3.8 percent between January and December 2016. Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Computer Tycoon Inc. for the year ended December 31,...
The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions). 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b. Excluding income tax and...
E13-3 Preparing and Interpreting a Schedule for Horizontal and Vertical Analyses [LO 13-2, LO 13-3, LO 13-5] According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 8.1 percent between 2012 and 2013. Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Computer Tycoon Inc. for the year ended December 31, 2013....
he average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions). 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b. Excluding income tax and...
The average price of a gallon of gas in 2013 dropped $0.12 (3 percent) from $3.61 in 2012 (to $3.49 in 2013) Required 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Chevron Corporation for the year ended December 31, 2013 (amounts in billions). (Decreases should be indicated by a minus sign. Enter your answers in billions (i.e., 10,000,000,000 should be entered as 10)....
10.00 points The average price of a gallon of gas in 2013 dropped S0.12 (3 percent) from 53.61 in 2012 (to $3.49 in 2013) Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Chevron Corporation for the year ended December 31, 2013 (amounts in billions). (Decreases should be indicated by a minus sign. Enter your answers in billions (i.e., 10,000,000,000 should be entered...
The average price of a gallon of gas in 2013 dropped $0.12 (3 percent) from S3.61 in 2012 (to $3.49 in 2013). Required: 1. Conduct a horlzontal analyss by calculating the year-over-year changes In each line litem, expressed in dollars and In percentages for the Income statement of Chevron Corporation for the year ended December 31, 2013 (amounts in billions)Decreases should be indicated by a minus sign. Enter your answers in billions i.e., 10,000,000,000 should be entered as 10). Round...
According to the producer price Index database maintained by the Bureau of Labor Statistics, the average cost of computer equipment fell 38 percent between January and December 2016 Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Computer Tycoon Inc. for the year ended December 31, 2016 2-0. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b....
E13-2 Computing and Interpreting Profitability Ratios (LO 13-4, LO 13-5) The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Let's see whether these changes are reflected in the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions). 2015 2014 Revenues $215 $234 Cost of Purchased Crude Oil and Products 120 125 Other Operating costs 56 Income before Income Tax Expense Income...