VERTICAL ANALYSIS OF COMPARATIVE FINANCIAL STATEMENTS Refer to the financial statements in Problem 24-8B. REQUIRED Prepare a
Question:
VERTICAL ANALYSIS OF COMPARATIVE FINANCIAL STATEMENTS Refer to the financial statements in Problem 24-8B.
REQUIRED
Prepare a vertical analysis of the income statement and balance sheet. Show each item on the income statement as a percentage of the net sales for each year. On the balance sheet, show each asset item as a percentage of the total assets and each liability and equity item as a percentage of the total liabilities and stockholders’ equity. Round percentages to one decimal place.
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Net sales on account Cost of goods sold Gross profit Administrative expenses Selling expenses Total ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
RATIO ANALYSIS OF COMPARATIVE FINANCIAL STATEMENTS Refer to the financial statements in Problem 24-8B. REQUIRED Calculate the following ratios and amounts for 20-1 and 20-2 (round all calculations to...
-
A company reports the following income statement and balance sheet information for the current year: Net income $ 600,000 Interest expense 75,000 Average total assets 4,500,000 Determine the rate...
-
A company reports the following income statement and balance sheet information for the current year: Net income .......$ 820,000 Interest expense ..... 80,000 Average total assets .....5,000,000...
-
Amato is preparing a resume to apply for a higher-level management position with Amato's current company. The position Amato is applying for is in a different location from Amato's current job. What...
-
Apple and Google compete in several product categories. Sales, income, and asset information are provided for fiscal year 2015 for each company below. $ millions ___________________________ Apple...
-
The trial balance of Alagoas's Boutique at December 31 shows Inventory R$21,000, Sales Revenue R$156,000, Sales Returns and Allowances R$4,100, Sales Discounts R$3,000, Cost of Goods Sold R$92,400,...
-
Suppose you are starting a business, T-Shirts Plus, Inc., to imprint logos on T-shirts. In organizing the business and setting up its accounting records, you take your information to a CPA to prepare...
-
In what ways might a rms suppliers improve or undermine the rms Lean efforts? Can you think of any examples from the chapter that illustrate this idea?
-
Analyze a spam email detection problem. Of the types of errors such as FN (false negative) and FP (false positive), which kind of error is severer and which is less severe? Provide the reasoning for...
-
Organizational injustice can occur in the classroom as well as in the workplace. Identify classroom situations in which you experienced feelings of injustice. What can instructors do to maintain an...
-
HORIZONTAL ANALYSIS OF COMPARATIVE FINANCIAL STATEMENTS Amounts from the comparative income statement and balance sheet of Johnson Stores, Inc., for the last two years are as follows: REQUIRED...
-
Many libraries have corporate annual reports and reports on the financial health of companies by financial analysts and rating agencies such as Standard and Poors and Moodys. Go to the library and...
-
A partial balance sheet of Rocky Mount Wholesale Florist is provided following. Rocky Mount Wholesale Florist Partial Balance Sheet December 31, 2008 Accounts...
-
1. What would be the key logistics activities for Ford that would allow it to improve its situation? Describe them 2. What are the decision factors that would allow the distribution process to be...
-
1. How are project management and consulting engagement management the same or different? In two paragraphs or less, please describe two ways they are similar and two ways they are different. 2. In...
-
Windsor Company traded a used welding machine (cost $10,440, accumulated depreciation $3,480) for office equipment with an estimated fair value of $5,800. Windsor also paid $3,480 cash in the...
-
You have invested $10,000 dollars for your grandchildren at an interest rate of 8.7%. Using the Simple Interest formula, (assuming you do not take any money out of the account ) about how much will...
-
Discuss the functional significance of parallel versus serially arranged sarcomeres in terms of force output and velocity of shortening?
-
Using real-world examples, evaluate the effects of a tariff, or an international subsidy, or a quota on a specific market for the different stakeholders in an economy.
-
(a) Bright Sdn Bhd (BSB) is a tax resident manufacturing company in Johor, which involves in ceramic tiles. Currently, BSBs annual sales turnover has been forecasted to be around RM 300,000 for the...
-
XY bank gives guarantee in the favour of MM bank for loan taken by MM of 20 lakh. As on 200708 the financial position of MM is sound and there is not internal or external indicator indicating default...
-
Explain the following credit terms: (a) n/ 30; (b) 2/ 10, n/ 60; (c) 1/ 15, EOM, n/ 30.
-
Explain the following credit terms: (a) n/ 30; (b) 2/ 10, n/ 60; (c) 1/ 15, EOM, n/ 30.
-
Describe the posting procedure for a cash payments journal with an Other Accounts Debit column and several special columns, including an Accounts Payable Debit column.
-
9 1. Compute the indefinite integral. +1 (3+ 4+4) dr.
-
Sarah Jackson Antiques issued its 11%, 10-year bonds payable at a price of $338,220 (face value is $400,000). The company uses the straight-line amortization method for the bond discount or premium....
-
Suppose you start with a full tank of gas (14 gallons) in your truck. After driving 6 hours, you now have 6 gallons left. If x is the number of hours you have been driving, then y is the number of...
Study smarter with the SolutionInn App