Question
In: Accounting
Prepare a horizontal analysis of the following comparative income statement for the Buff Bodies Corporation. Round...
- Prepare a horizontal analysis of the following comparative income statement for the Buff Bodies Corporation. Round percentage changes to the nearest one-tenth percent.
Buff Bodies Corporation
Comparative Income Statement
For the Years Ended December 31, 2019 and 2018
2019 2018
Total revenue $1,450,000 $1,300,000
Expenses:
Cost of goods sold $ 1,023,000 $ 930,000
Operating expenses 310,000 275,000
Interest expense 48,300 38,000
Income tax expense 12,000 10,000
Total expenses $1,393,300 $1,253,000
Net income $ 56,700 $ 47,000
- Prepare a vertical analysis for Carson Corporation’s balance sheet to determine the component percentages of its assets, liabilities, and stockholders’ equity. Round percentages to the nearest one-tenth percent.
Carson Corporation
Balance Sheet
December 31, 2019
Assets
Total current assets $ 351,000
Long-term investments 124,000
Property, plant, and equipment, net 950,000
Total assets $1,425,000
Liabilities
Total current liabilities $ 230,000
Long-term debt 460,000
Total liabilities $ 690,000
Stockholders’ equity
Total stockholders’ equity $ 735,000
Total liabilities and stockholders’ equity $1,425,000
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Prepare a horizontal analysis of both the balance sheet and income statement. Prepare a horizontal analysis...
Prepare a horizontal analysis of both the balance sheet and
income statement.
Prepare a horizontal analysis of the balance sheet. (Negative
answers should be indicated by a minus sign. Round your answers to
1 decimal place. (i.e., .234 should be entered as 23.4).)
ADAMS COMPANY
Horizontal Analysis of Balance
Sheets
2019
2018
Percentage Change
Assets
Current assets
Cash
$16,700
$12,100
%
Marketable securities
20,200
7,400
Accounts receivable (net)
54,900
47,600
Inventories
135,200
144,500
Prepaid items
25,000
10,500
Total current assets...
Prepare a horizontal analysis of both the balance sheet and income statement. Prepare a horizontal analysis...
Prepare a horizontal analysis of both the balance sheet and
income statement.
Prepare a horizontal analysis of the balance sheet. (Negative
answers should be indicated by a minus sign. Round your answers to
1 decimal place. (i.e., .234 should be entered as 23.4).)
BAIRD COMPANY
Horizontal Analysis of Balance
Sheets
2019
2018
Percentage Change
Assets
Current assets
Cash
$17,600
$12,200
%
Marketable securities
21,000
6,200
Accounts receivable (net)
54,700
46,800
Inventories
136,500
143,300
Prepaid items
26,500
11,800
Total current assets...
1 HORIZONTAL ANALYSIS INSTRUCTIONS: Prepare a horizontal analysis of the income statement using 2018 as a...
1 HORIZONTAL ANALYSIS INSTRUCTIONS: Prepare a horizontal
analysis of the income statement using 2018 as a base. Neiman Corp.
Comparative Balance Sheet For the years ended December 31 2019 2018
Assets Current Assets 360 300 Plant Assets 640 500 Total Assets
1,000 800 Liabilities & Stockholders' Equity Current
liabilities 150 120 Long-term debt 240 160 Common stock 350 320
Retained earnings 260 200 Total liabilities & stockholders'
equity 1,000 800
2
VERTICAL ANALYSIS
INSTRUCTIONS: Prepare a vertical analysis of the...
Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2016 as a base.
*Exercise 9-6 Here are the comparative income statements of Delaney Corporation, DELANEY CORPORATION Comparative Income Statements For the Years Ended December 31 20172016Net sales $598,000$500,000Cost of goods sold 477,000420,000Gross Profit 121,00080,000Operating expenses 80,00044,000Net income $ 41,000$36,000 Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2016 as a base. (If amount and percentage are a decrease show the numbers as negative, e.g. -55, 000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) Prepare a vertical analysis of the income statement...
Prepare a horizontal analysis on the income statement and Balance statement. (Please show the formula &...
Prepare a horizontal analysis on the income statement and
Balance statement. (Please
show the formula & your calculations
balance Sheet
December 31, 20X7 & 20X6
Assets 20X7 20X6
Cash $ 15,000 17,000
Marketable securities 10,000 10,000
Accounts receivable (net) 20,000 22,000
Inventory 30,000 27,000
Prepaid expenses 8,000 9,000
Property, plant, and equipment 117,000 117,000
Total assets $200,000 202,000
Liabilities and Stockholders' Equity
Current liabilities $ 30,000 27,000
Long-term liabilities 61,000 56,000
Stockholders' equity 109,000 119,000
Total liabilities and stockholders' equity...
Horizontal Analysis of Comparative Financial Statements Amounts from the comparative income statement and balance sheet of...
Horizontal Analysis of Comparative Financial Statements
Amounts from the comparative income statement and balance sheet
of Miller Electronics Corporation for the last two years are as
follows:
Miller Electronics
Corporation
Comparative Income Statement
For Years Ended December 31, 20-2 and 20-1
20-2
20-1
Net Sales (all on account)
$652,630
$416,530
Cost of goods sold
387,960
250,560
Gross profit
$264,670
$165,970
Administrative expenses
$65,676
$42,758
Selling expenses
66,261
43,915
Total operating expenses
$131,937
$86,673
Operating income
$132,733
$79,297
Interest expense
1,331 ...
Prepare a horizontal analysis of both the balance sheet and income statement. Analysis Bal Sheet...
Prepare a horizontal analysis of both the balance sheet and
income statement. Analysis Bal Sheet Analysis Inc Stmt Complete
this question by entering your answers in the tabs below. Prepare a
horizontal analysis of the balance sheet. (Negative answers should
be indicated by a minus sign. Round your answers to 1 decimal
place. (i.e., .234 should be entered as 23.4).) Analysis Bal Sheet
Analysis Inc Stmt $ $ $ $ $ $ $ $ STUART COMPANY Horizontal
Analysis...
Q: Please review the Income Statement and Balance Sheet Prepare the following analysis: 1) Calculate Horizontal...
Q:
Please review the
Income Statement and Balance Sheet
Prepare the following
analysis:
1)
Calculate Horizontal (Trend) Analysis of the Income
Statement and Balance Sheet
2)
Calculate Vertical (Common Size) Analysis of the
Income Statement and Balance Sheet
3)
Calculate the Liquidity Ratios only for COSTCO for the most
recent (newest) year with a brief explanation of what each reveals
to management
COSTCO WHOLESALE
CORPORATION
CONSOLIDATED BALANCE
SHEET
(amounts in millions)
ASSETS
CURRENT ASSETS
August 31, 2016
August 31, 2015...
Vertical Analysis of Income Statement The following comparative income statement (in thousands of dollars) for the...
Vertical Analysis of Income Statement
The following comparative income statement (in thousands of
dollars) for the two recent fiscal years was adapted from the
annual report of Calvin Motorsports, Inc., owner and operator of
several major motor speedways, such as the Atlanta, Texas, and Las
Vegas Motor Speedways.
Current Year
Previous Year
Revenues:
Admissions
$92,316
$104,544
Event-related revenue
135,648
131,648
NASCAR broadcasting revenue
179,922
170,368
Other operating revenue
63,114
77,440
Total revenue
$471,000
$484,000
Expenses and other:
Direct expense of...
1 Horizontal analysis [5–10 min] McCormick, Corp., reported the following on its comparative income statement: (In...
1 Horizontal analysis [5–10 min]
McCormick, Corp., reported the following on its comparative
income statement:
(In millions)
2012
2011
2010
Revenue ..............................
$9,575
$9,300
$8,975
Cost of sales........................
6,000
5,975
5,900
Requirement
1. Prepare a horizontal analysis of revenues and gross
profit—both in dollar amounts and in percentages—for 2012 and
2011.
Financial Statement Analysis 751
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