Question
In: Accounting
Using the following selected items from the comparative statements of financial position of Anders Company, illustrate...
Using the following selected items from the comparative statements of financial position of Anders Company, illustrate horizontal and vertical analysis.
December 31, 2014 December 31, 2013
Inventory $ 1,053,000 $ 780,000
Accounts Receivable 900,000 600,000
Total Assets 4,000,000 2,500,000
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Selected comparative financial statements of Korbin Company follow.
Selected comparative financial statements of Korbin Company follow.
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2019, 2018, and 2017
2019
2018
2017
Sales
$
484,546
$
371,202
$
257,600
Cost of goods sold
291,697
233,486
164,864
Gross profit
192,849
137,716
92,736
Selling expenses
68,806
51,226
34,003
Administrative expenses
43,609
32,666
...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company
follow.
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2019, 2018, and
2017
2019
2018
2017
Sales
$
527,432
$
404,056
$
280,400
Cost of goods sold
317,514
252,939
179,456
Gross profit
209,918
151,117
100,944
Selling expenses
74,895
55,760
37,013
Administrative expenses
47,469
35,557
23,273
Total expenses
122,364
91,317
60,286
Income before taxes
87,554
59,800
40,658
Income tax expense
16,285
12,259
8,254
Net income
$
71,269
$
47,541
$
32,404
KORBIN...
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Haroun Company
follow.
HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017–2011
($ thousands)
2017
2016
2015
2014
2013
2012
2011
Sales
$
1,550
$
1,357
$
1,235
$
1,132
$
1,056
$
982
$
805
Cost of goods sold
1,115
907
780
683
635
594
473
Gross profit
435
450
455
449
421
388
332
Operating expenses
332
260
238
176
152
150
125
Net income
$
103
$
190
$
217...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company
follow.
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2019, 2018, and
2017
2019
2018
2017
Sales
$
386,357
$
295,981
$
205,400
Cost of goods sold
232,587
186,172
131,456
Gross profit
153,770
109,809
73,944
Selling expenses
54,863
40,845
27,113
Administrative expenses
34,772
26,046
17,048
Total expenses
89,635
66,891
44,161
Income before taxes
64,135
42,918
29,783
Income tax expense
11,929
8,798
6,046
Net income
$
52,206
$
34,120
$
23,737
KORBIN...
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Haroun Company
follow.
HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 2019–2013
($ thousands)
2019
2018
2017
2016
2015
2014
2013
Sales
$
2,778
$
2,433
$
2,214
$
2,029
$
1,893
$
1,760
$
1,443
Cost of goods sold
1,997
1,625
1,398
1,223
1,137
1,063
847
Gross profit
781
808
816
806
756
697
596
Operating expenses
595
465
427
315
273
269
224
Net income
$
186
$
343
$
389...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company
follow.
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2019, 2018, and 2017
2019
2018
2017
Sales
$
479,843
$
367,599
$
255,100
Cost of goods
sold
288,865
230,117
163,264
Gross
profit
190,978
137,482
91,836
Selling
expenses
68,138
50,729
33,673
Administrative
expenses
43,186
32,349
21,173
Total
expenses
111,324
83,078
54,846
Income before
taxes
79,654
54,404
36,990
Income tax
expense
14,816
11,153
7,509
Net income
$
64,838
$
43,251
$
29,481
KORBIN...
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Korbin Company
follow.
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2019, 2018, and 2017
2019
2018
2017
Sales
$
479,843
$
367,599
$
255,100
Cost of goods
sold
288,865
230,117
163,264
Gross
profit
190,978
137,482
91,836
Selling
expenses
68,138
50,729
33,673
Administrative
expenses
43,186
32,349
21,173
Total
expenses
111,324
83,078
54,846
Income before
taxes
79,654
54,404
36,990
Income tax
expense
14,816
11,153
7,509
Net income
$
64,838
$
43,251
$
29,481
KORBIN...
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Haroun Company
follow.
HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017–2011
($ thousands)
2017
2016
2015
2014
2013
2012
2011
Sales
$
2,780
$
2,435
$
2,215
$
2,030
$
1,895
$
1,762
$
1,444
Cost of goods sold
2,000
1,626
1,399
1,225
1,138
1,064
848
Gross profit
780
809
816
805
757
698
596
Operating expenses
595
465
427
315
273
269
224
Net income
$
185
$
344
$
389...
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Haroun Company
follow.
HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017–2011
($
thousands)
2017
2016
2015
2014
2013
2012
2011
Sales
$
1,475
$
1,291
$
1,175
$
1,077
$
1,005
$
935
$
766
Cost of goods
sold
1,061
863
743
650
604
565
450
Gross
profit
414
428
432
427
401
370
316
Operating
expenses
316
247
227
167
145
143
119
Net income
$
98
$
181
$
205...
Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended...
Selected comparative financial statements of Haroun Company
follow.
HAROUN COMPANY
Comparative Income Statements
For Years Ended December 31, 2017–2011
($ thousands)
2017
2016
2015
2014
2013
2012
2011
Sales
$
1,648
$
1,443
$
1,313
$
1,204
$
1,123
$
1,044
$
856
Cost of goods sold
1,184
963
828
725
674
630
502
Gross profit
464
480
485
479
449
414
354
Operating expenses
353
276
253
187
162
160
133
Net income
$
111
$
204
$
232...
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