Solution
Increase or (Decrease) | ||
Amount | Percentage | |
(a) 2018-2019 | $ (88,400.00) | -17.0% |
(b) 2019-2020 | $ 82,004.00 | 19.0% |
Working
Increase or (Decrease) | ||
Amount | Percentage | |
(a) 2018-2019 | =431600-520000 | =88400/520000 |
(b) 2019-2020 | =513604-431600 | =82004/431600 |
Net income was $520,000 in 2018, $431,600 in 2019, and $513,604 in 2020. What is the...
Current Attempt in Progress Net income was $520,000 in 2018, $452,400 in 2019, and $515,736 in 2020. What is the percentage of change from (a) 2018 to 2019, and (b) from 2019 to 2020? Is the change an increase or a decrease? (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es (45). Round percentages to 1 decimal place, e.g. 12.3%) Increase or (Decrease) Amount Percentage (a) 2018-2019 % (b) 2019-2020 9 e Textbook and...
Send to be Swedrooks 25.0312 AM Question 3 View Policies Current Attempt in Progress Net income was $520,000 in 2018, 5442.000 in 2019, and $525.980 in 2020. What is the percentage of ch r om amounts using either a negative sin preceding the numbers -45 or parentheses: (451. Round protetto 1 dec 2018 18 2019, and 12.30 from 2019 20207 is the change an increase or decrease Increase or (Dece ) Amount Percentage (a) 2018-2019 [b] 2019-2020
December 31, 2020 December 31, 2019 Current assets $123,400 $100,000 Plant assets (net) 394,883 331,000 Current liabilities 88,726 74,000 Long-term liabilities 129,860 86,000 Common stock, $1 par 166,838 119,000 Retained earnings 132,859 152,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GLITTER INC. Condensed...
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Net income was $610,000 in 2018. $597,800 in 2019, and $633,668 in 2020. What is the percentage of change from (a) 2018 to 2019, and (b) from 2019 to 2020? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to O decimal places, e.g. 12%.) Amount Percentage (a) 2018-2019 $ (b) 2019-2020 $
Here are the comparative income statements of Delaney Corporation. Delaney Corporation Comparative Income Statements For the Years Ended December 31 2020 2019 Net sales $611,000 $506,000 Cost of goods sold 487,578 424,028 Gross profit 123,422 81,972 Operating expenses 86,762 48,576 Net income $ 36,660 $ 33,396 (a) Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2019 as a base. (Show the amounts of increase or decrease.) (Enter negative amounts and percentages using either a negative...
Exercise 14-6 Here are the comparative income statements of Delaney Corporation. Delaney Corporation Comparative Income Statements For the Years Ended December 31 2020 2019 Net sales $663,000 $548,000 Cost of goods sold 521,781 455,388 Gross profit 141,219 92,612 Operating 92,157 52,060 expenses $ 49,062 $ 40,552 Net income (a) Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2019 as a base. (Show the amounts of increase or decrease.) (Enter negative amounts and percentages using either...
Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$123,400
$100,000
Plant assets (net)
394,350
330,000
Current liabilities
86,328
72,000
Long-term liabilities
133,280
85,000
Common stock, $1 par
166,440
120,000
Retained earnings
131,702
153,000
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $124,200 $100,000 Plant assets (net) 394,630 335,000 Current liabilities 88,416 72,000 Long-term liabilities 131,924 86,000 Common stock, $1 par 165,945 115,000 Retained earnings 132,545 162,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122,400 $100,000 Plant assets (net) 394,362 327,000 Current liabilities 86,325 75,000 Long-term liabilities 133,672 88,000 Common stock, $1 par 166,374 117,000 Retained earnings 130,391 147,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
Question 1
Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$124,600
$100,000
Plant assets (net)
395,010
330,000
Current liabilities
88,111
73,000
Long-term liabilities
135,198
87,000
Common stock, $1 par
166,838
119,000
Retained earnings
129,463
151,000
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages...