Question

Financial statements for Remington Inc. follow.

Required:
1. Prepare common size income statements and balance sheets for Remington to be used in vertical analysis (in percentage terms, rounded to two decimal places). You do not need to include the actual dollar amounts shown above.
2. Indicate whether gross margin grew as much as sales between 2009 and 2010 and between 2010 and 2011, and if so, why it grew.
3. Indicate whether the relative proportion of Remington’s assets changed between 2010 and 2011, and if so, explain the change.
4. Indicate whether the relative proportion of Remington’s liabilities and equity changed between 2010 and 2011, and if so, explain the change.
5. Explain how Remington appears to have financed the 7.5 percent increase in assets that occurred between 2010 and 2011.


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  • CreatedSeptember 22, 2015
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