Here are the comparative income statements of Winfrey Corporation. (a) Prepare a horizontal analysis of the income
Question:
Here are the comparative income statements of Winfrey Corporation.
(a) Prepare a horizontal analysis of the income statement data for Winfrey Corporation using 2009 as a base. (Show the amounts of increase or decrease.)(b) Prepare a vertical analysis of the income statement data for Winfrey Corporation for both years
Transcribed Image Text:
WINFREY CORPORATION Comparative Income Statements For the Years Ended December 31 Particulars 2010 2009 598,000 S 520,000 477,000 S 450,000 121,000 S 70.000 80,000 S 45,000 41,000 S Net sales Cost of goods sold Gross profit Operating expenses Net income 25,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
a Computation of the horizontal analysis of the income statement data for Winfrey ...View the full answer
Answered By
Mahesh Solanki
As a Mathematics graduate and teaching experience with reputed universities, I found me as good at all topics of mathematics. I like to make understand and explain the concepts with step by step process so that I and one can shoot the problems with proper understanding. I am also concern about writing mathematics in a well-designed way so that the concept stays easy to understand. To do so I have also equipped my self with LaTeX and other Mathematical tools which shows my quality to represent Mathematics whenever needed. I like to highly recommend me as a tutor as well as a developer for solutions to your problems.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Question Posted:
Students also viewed these Managerial Accounting questions
-
Here are the comparative income statements of Blevins Corporation. Instructions(a) Prepare a horizontal analysis of the income statement data for Blevins Corporation, using 2011 as a base. (Show the...
-
Here are the comparative income statements of Eudaley Corporation. Instructions (a) Prepare a horizontal analysis of the income statement data for Eudaley Corporation, using 2013 as a base. (Show the...
-
Here are the comparative income statements of Cullumber Corporation. CULLUMBER CORPORATION Comparative Income Statement For the Years Ended December 31 2022 2021 Net sales $619,900 $541,200 Cost of...
-
The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will be required to complete an upcoming move. This approach has proved useful in...
-
A county clerk in Essex County, New Jersey, selected candidates for positions on election ballots. Democrats were selected first in 40 of 41 ballots. Because he was supposed to use a method of random...
-
If the selling price per unit increases, the contribution margin per unit will a. decrease. b. remain the same. c. be unknown. d. increase.
-
Which of Caparas statements regarding tactical asset allocation is correct? A. Statement 1 B. Statement 2 C. Statement 3 Rebecca Mayer is an asset management consultant for institutions and...
-
Factory labor data for Sanchez Manufacturing are given in BE21-2. Manufacturing overhead is assigned to departments on the basis of 200% of labor costs. Journalize the assignment of overhead to the...
-
Selected transactions for Young Real Estate Agency during its first month of business follow: June 1 2 Samantha Young opened Young Real Estate Agency with an investment of $13,250 cash and $2,580 of...
-
You are creating a system for a bowling alley to manage information about its leagues. During the modeling process, you create a state transition diagram for an object called LEAGUE BOWLERS. What are...
-
Cost data for T. Clark Manufacturing Company for the month ending April 30, 2008, are as follows: Inventories April 1 April 30 1.Prepare a cost of goods manufactured statement for April...
-
The comparative balance sheets of Nike, Inc. are presented here. Instructions(a) Prepare a horizontal analysis of the balance sheet data for Nike using 2006 as a base.(Show the amount of increase or...
-
The ledger of Giese Company has the following work in process account. Production records show that there were 800 units in the beginning inventory, 30% complete, 1,000 units started, and 1,300 units...
-
With a traditional IRA, you get to deduct the amount you contribute from your current taxable income, invest the funds free from tax, but then pay taxes on the full amount you withdraw when you...
-
A taxpayer is placing a vehicle into service at a cost basis of $45,000 and which is used 100% for business purposes. This vehicle is subject to limits on passenger vehicles under Section 280F. What...
-
4. Michelle received $6500 as a personal loan to be paid off in 3 years, but she has already made two payments: $1500 in a year, and $2250 in 2 years. How much is left to be paid at the end of her...
-
Suppose you were to deposit $928.00 into a savings account that earns 1.8% interest compounded continuously. Use the continuously compounding interest formula A = Pert to answer the following. a) How...
-
Question: 1 Assume that the spread is GBP 1 = 1.5500-1.6500 USD. Consider the situations of three UK based companies: (a) K Ltd imports goods from Texas to the value of USD100,000. Payment is cash on...
-
Write an equivalent Java assignment statement for each of these mathematical expressions. A. \(v=\frac{49 x^{15}}{y+z}\) B. \(s=r \pi \sqrt{r^{2}+h^{2}}\) C. \(a=\frac{\sin g}{c}\)
-
How do individual companies respond to economic forces throughout the globe? One way to explore this is to see how well rates of return for stock of individual companies can be explained by stock...
-
Complete each of the following reactions by giving the principal organic product(s). For (b), write a curved-arrow mechanism that shows the arenium ion intermediate and its resonance structures. (a)...
-
From the following list of steps in the accounting cycle, identify what two steps are missing. a. Transactions are analyzed and recorded in the journal. b. Transactions are posted to the ledger. c....
-
From the following list of steps in the accounting cycle, identify what two steps are missing. a. Transactions are analyzed and recorded in the journal. b. Transactions are posted to the ledger. c....
-
From the following list of steps in the accounting cycle, identify what two steps are missing. a. Transactions are analyzed and recorded in the journal. b. Transactions are posted to the ledger. c....
-
Colleen Company has gathered the following data pertaining to activities it performed for two of its major customers. Number of orders Units per order Sales returns: Number of returns Total units...
-
Starting next year you plan on saving for a trip 10 years from now. You plan to save a $1000 a year from year 1 to year 9 because in year 10 there is no point in putting money away if you are going...
-
Write a C++ program to implement a stack using linked lists and provide functions for push, pop, and peek operations.
Study smarter with the SolutionInn App