Question
In: Accounting
Using the income statement, calculate the vertical and horizontal analysis and insert your answers in the...
- Using the income statement, calculate the vertical and horizontal analysis and insert your answers in the appropriate spaces provided
| VERTICAL ANALYSIS | HORIZONTAL ANALYSIS | |||||
| Statement of Operations Income Statement | 2017 | Percent | 2018 | percent | CHANGE | PERCENT |
| Sales (net) | 8,100,000 | 10,000,000 | ||||
| Cost of goods sold | 5,300,000 | 6,000,000 | ||||
| Gross Margin | 2,800,000 | 4,000,000 | ||||
| General Expense | (1,050,000.00) | (1,080,000) | ||||
| Depreciation Expense | (300,000.00) | (300,000) | ||||
| Operating Income | 1,450,000.00 | 2,620,000 | ||||
| Interest Expense | (40,000.00) | (50,000) | ||||
| Income Taxes (35%) | (507,500.00) | (917,000.00) | ||||
| Net Income | 902,500.00 | 1,653,000 | ||||
Solutions
ekkarill92 answered 2 years agoRelated Solutions
1. Using Walt Disney Inc. Annual Report income statement, prepare a horizontal and vertical analysis on...
1. Using Walt Disney Inc. Annual Report income statement,
prepare a horizontal and vertical analysis on years 2017 and 2016.
2. Perform the following ratios, Current, Debt, Return on Equity on
years 2017 and 2016
https://www.thewaltdisneycompany.com/wp-content/uploads/2017-Annual-Report.pdf
Return on common stockholders’ equity
ratio.
Return on asset ratio.
Profit margin rate.
Earnings per share.
Debt to total asset ratio.
Current ratio
Average collection period.
Receivables turnover ratio.
Asset turnover ratio.
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...
Common tools of financial statement analysis such as horizontal analysis, vertical analysis and ratio analysis have...
Common tools of financial statement analysis such as horizontal
analysis, vertical analysis and ratio analysis have helped to
uncover fraud by identifying amounts that are out of line with
expectations. Discuss how these tools can help to identify fraud
schemes early and whether they are useful in preventing frauds
overall.
Common tools of financial statement analysis such as horizontal analysis, vertical analysis and ratio analysis have...
Common tools of financial statement analysis such as horizontal
analysis, vertical analysis and ratio analysis have helped to
uncover fraud by identifying amounts that are out of line with
expectations. Discuss how these tools can help to identify fraud
schemes early and whether they are useful in preventing frauds
overall.
Contrast the use of horizontal and vertical financial statement analysis. Which analysis is more useful in...
Contrast the use of horizontal and vertical financial statement
analysis. Which analysis is more useful in making a good financial
decision?
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...
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 $94,400
$107,580 Event-related revenue 138,768 147,189 NASCAR broadcasting
revenue 169,448 160,881 Other operating revenue 69,384 73,350 Total
revenue $472,000 $489,000 Expenses and other: Direct expense of...
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 Motor Speedways Inc., owner and operator of
several major motor speedways.
Current Year
Previous Year
Revenues:
Admissions
$89,870
$102,690
Event-related revenue
145,684
147,189
NASCAR broadcasting revenue
170,753
161,859
Other operating revenue
66,693
77,262
Total revenues
$473,000
$489,000
Expenses and other:
Direct expense of events
$97,911
$97,800
NASCAR purse and sanction fees
116,358
117,849...
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
$106,872
$119,739
Event-related revenue
147,376
142,284
NASCAR broadcasting revenue
187,392
177,354
Other operating revenue
46,360
61,623
Total revenue
$488,000
$501,000
Expenses and other:
Direct expense of...
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...
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