1. Which of the following items is generally used as a base in vertical analysis to...
1. Which of the following items is generally used as a base in vertical analysis to express as its percentage the line items on the balance sheet?
a.Owner's equity
b.Cost of goods sold
c.Depreciation expense
d.Total assets
2. Which of the following items is generally used as a base in vertical analysis to express as its percentage the line items on the balance sheet?
a.Depreciation expense
b.Owner's equity
c.Cost of goods sold
d.Total assets
Homework Answers
Option D is the answer for both questions
Total assets is the base in vertical analysis and all the line items in the balance sheet are expressed as a percentage of total assets. So option D is the answer
Add Answer to:
1. Which of the following items is generally used as a base in
vertical analysis to...
In vertical analysis, line items on the income statement are generally expressed as a percentage of...
In vertical analysis, line items on the income statement are generally expressed as a percentage of a.net sales. b.cost of goods sold. c.total assets. d.net income.
A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below.
A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below. Required:1. Complete the vertical analysis by computing each missing line item as a percentage of total assets.2-a. What percentage of Simultech’s total assets relate to inventory?2-b. What percentage of Simultech’s total assets relate to property and equipment?2-c. Which of these two asset groups is more significant to Simultech’s business?3. What percentage of Simultech’s assets is financed by total stockholders' equity? By total liabilities?
26. Another term for vertical analysis is a. common-size analysis. b. liquidity analysis. c. horizontal analysis....
26. Another term for vertical analysis is a. common-size analysis. b. liquidity analysis. c. horizontal analysis. d. leverage analysis. 27. Common-size statements are especially useful in comparing a. a company's performance across time. b. companies of different sizes. c. supplemental information included in the corporate annual report. d. companies of the same size. 28. In preparing a common-size balance sheet, you express all account balances as a percentage of a. total stockholders' equity. b. total liabilities. c. total assets plus...
Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express...
Required: 1. Prepare a vertical analysis of the balance sheet data for 2022 and 2021. Express each amount as a percentage of total assets. (Amounts to be deducted should be indicated by a minus sign. Round your answers to 1 decimal place.) 2. Prepare a horizontal analysis for 2022 using 2021 as the base year. (Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.)
A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below....
A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing each missing line item as a percentage of total assets. 2-a. What percentage of Simultech's total assets relate to inventory? 2-b. What percentage of Simultech's total assets relate to property and equipment? 2.c. Which of these two asset groups is more significant to Simultech's business? 3. What percentage of Simultech's assets is financed by total stockholders'...
Required Prepare a vertical analysis of both the balance sheets and income statements for 2019 and...
Required Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of the balance sheets for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. should be entered as 23.45).) RUNDLE COMPANY Vertical Analysis of Balance Sheets 2019 Percentage of Total 2018 Percentage of...
Which of the following statement about Vertical Analysis is incorrect? A) A vertically analyzed statement is...
Which of the following statement about Vertical Analysis is incorrect? A) A vertically analyzed statement is sometimes referred to as common size. B) The data found on the vertical analysis is useful in preparing budged income statement for the coming year. C) Typical base number for the balance sheet is total assets. D) Typical base number for the income statement is total assets.
1 pts In performing a vertical analysis of an income statement, which of the following is...
1 pts In performing a vertical analysis of an income statement, which of the following is used as the base amount? X Total expenses Net sales Gross profit O Cost of goods sold Question 8 1 pts The ability of a company to collect receivables is measured by which ratio? Current ratio Day's sales in receivables Acid-test ratio Inventory turnover ratio Question 9 Working capital is a measure of: A company's ability to pay its current obligations The amount of...
Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018...
Prepare a vertical analysis of both the balance sheets and
income statements for 2019 and 2018
THORNTON COMPANY Vertical Analysis of Income Statements 2019 Percentage of Amount Sales 2018 Percentage of Sales Amount Revenues $ 230,400 8,200 238,600 $ 210,800 5,600 216,400 Sales (net) Other revenues Total revenues Expenses Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses 119,500 54,300 6,200 21,200 201,200 37,400 102,000 48,900 5,400 20,200 176,500 39,900 Net income $...
Question 50 (2 points) When doing vertical analysis of the balance sheet, to get percentages for...
Question 50 (2 points) When doing vertical analysis of the balance sheet, to get percentages for each balance sheet item, you divide the dollar amount for the particular balance sheet item by the dollar amount of total Liabilities. the dollar amount of total Stockholders' Equity. the dollar amount of total Assets plus total Liabilities plus total Stockholders' Equity. the dollar amount of total Assets OR total Liabilities plus total Stockholders' Equity Submit Quiz 38 of 50 questions saved year. Question...
26. Another term for vertical analysis is a. common-size analysis. b. liquidity analysis. c. horizontal analysis. d. leverage analysis. 27. Common-size statements are especially useful in comparing a. a company's performance across time. b. companies of different sizes. c. supplemental information included in the corporate annual report. d. companies of the same size. 28. In preparing a common-size balance sheet, you express all account balances as a percentage of a. total stockholders' equity. b. total liabilities. c. total assets plus...
A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing each missing line item as a percentage of total assets. 2-a. What percentage of Simultech's total assets relate to inventory? 2-b. What percentage of Simultech's total assets relate to property and equipment? 2.c. Which of these two asset groups is more significant to Simultech's business? 3. What percentage of Simultech's assets is financed by total stockholders'...
Required Prepare a vertical analysis of both the balance sheets and income statements for 2019 and 2018. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of the balance sheets for 2019 and 2018. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. should be entered as 23.45).) RUNDLE COMPANY Vertical Analysis of Balance Sheets 2019 Percentage of Total 2018 Percentage of...
1 pts In performing a vertical analysis of an income statement, which of the following is used as the base amount? X Total expenses Net sales Gross profit O Cost of goods sold Question 8 1 pts The ability of a company to collect receivables is measured by which ratio? Current ratio Day's sales in receivables Acid-test ratio Inventory turnover ratio Question 9 Working capital is a measure of: A company's ability to pay its current obligations The amount of...
Prepare a vertical analysis of both the balance sheets and
income statements for 2019 and 2018
THORNTON COMPANY Vertical Analysis of Income Statements 2019 Percentage of Amount Sales 2018 Percentage of Sales Amount Revenues $ 230,400 8,200 238,600 $ 210,800 5,600 216,400 Sales (net) Other revenues Total revenues Expenses Cost of goods sold Selling, general, and administrative expense Interest expense Income tax expense Total expenses 119,500 54,300 6,200 21,200 201,200 37,400 102,000 48,900 5,400 20,200 176,500 39,900 Net income $...
Question 50 (2 points) When doing vertical analysis of the balance sheet, to get percentages for each balance sheet item, you divide the dollar amount for the particular balance sheet item by the dollar amount of total Liabilities. the dollar amount of total Stockholders' Equity. the dollar amount of total Assets plus total Liabilities plus total Stockholders' Equity. the dollar amount of total Assets OR total Liabilities plus total Stockholders' Equity Submit Quiz 38 of 50 questions saved year. Question...
Most questions answered within 3 hours.
-
Is my writing for this letter correct?
I mean academy and grammar. (you can edit and...
asked 2 minutes ago -
the
average selling price of a smartphone purchased by a random sample
of 46 customers was...
asked 7 minutes ago -
Vasily Inc. sold 20-year bonds on January 1, 2016. The face
value of the bonds was...
asked 6 minutes ago -
19:
Bags of a certain brand of tortilla chips claim to have a net
weight of...
asked 7 minutes ago -
Can you find least squares linear regression estimates when the
X transpose multiplied by X matrix...
asked 19 minutes ago -
Java Programing Code only
Ragged Array Assignment
Outcome:
Student will demonstrate the ability to create and...
asked 21 minutes ago -
1. If you had a telescope that had a mirror 10 times the
diameter of the...
asked 22 minutes ago -
Production with One Variable Input
The following table provides data related to the production
technology of...
asked 22 minutes ago -
9.a In a case a number of years ago, an individual who was
unhappy with the...
asked 26 minutes ago -
3. You are the manager of a manufacturing plant. The plant is
having trouble making a...
asked 52 minutes ago -
Active listening is a core component of wellness coaching, which
is a core component of lifestyle...
asked 1 hour ago -
Name the following complexes
15.Fe(CO)5
16.Zr(C6H6)2
17.[Zn(OH2)4][ZnCl4]
18.TpMoO(OMe)2
19.Au(porphyin)(OH2)2
20.(CpW(CO)3)2 (contains a W–W bond)
asked 1 hour ago