Hi chegg! I'd really appreciate it if you could solve these questions accurately, and in a short
Question:
Hi chegg! I'd really appreciate it if you could solve these questions accurately, and in a short time. I'll make sure to give it a thumbs up, and will definitely recommend the app to everyone. Thanks!
All you need to do is:
Using a spreadsheet, Analysis both the Income Statement and the Balance sheet of the years 2021 and 2022, Using Horizontal and Vertical Analysis for both the B/S and I/S.
For Horizontal Analysis
a) Prepare a Horizontal Analysis of the balance sheet. Calculate the increase or decrease in each account from the previous year, in both $ and %.
b) Using a spreadsheet, prepare a horizontal analysis of the income statement. Calculate the increase or decrease in each account from the previous year in both $ and %.
For Vertical Analysis
a) Prepare a Vertical Analysis of this years balance sheet and the previous years balance sheet. Calculate component % for each balance sheet account, compute as a % of total assets.
b) Using a spreadsheet, prepare a Vertical Analysis of this years income statement and the previous years income statement. Calculate component % for each income statement account, compute as a % of net sales.