Question

The financial statements for Tobolowsky Hats Inc. follow.
Tobolowsky Hats Inc.
Consolidated Balance Sheets
(In thousands)
LIABILITIES AND STOCKHOLDERS’ EQUITY

Required:
1. Prepare common size income statements to be used for horizontal analysis for Tobolowsky for 2009 and 2011 (in percentage terms, rounded to two decimal places). You do not need to include the actual dollar amounts shown above.
2. Indicate why Tobolowsky’s net income increased between 2009 and 2011.
3. Prepare common size balance sheets to be used for vertical analysis for 2011 and 2010 (in percentage terms, rounded to two decimal places). You do not need to include the actual dollar amounts shown above.
4. Determine whether the proportion of dollars invested in the various categories of assets has changed significantly between 2010 and 2011.
5. Determine whether the proportion of capital raised from the various liability categories and common stockholders’ equity has changed significantly between 2010 and 2011.
6. How would you describe Tobolowsky’s performance and financial position?


$1.99
Sales1
Views30
Comments0
  • CreatedSeptember 22, 2015
  • Files Included
Post your question
5000