65 # BUSA. DE ART 10. $ . % * 1 ** J58 DE F G 1 a. Using financial statement information in following table, conduct horizonal analysis and fill up the blank cells. Use the year of "2019" as the base year Chicago Cereal Company Balance Sheets December 31 (in thousands) Horizontal Analysis 2020 2019 $3,500.0 $3,000.0 $5,498.0 $4,768.0 $6,966.0 $6,000.0 $15,964.0 $13.768.0 Amount Assets Current assets Long-term assets Other assets Total assets Percent $4,800.0 $4,921.0 $9.721.0 $4,300.0 $4,875.0 $9,175.0 Liabilities & Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Common stock Retained earnings Treasury stock (cost) Total stockholders' equity Total liabilities & stockholders' equity $1,467.0 $6,133.0 ($1,357.0) $6,243.0 $15,964.0 $921.0 $4,584.0 ($912.0) $4,593.0 $13,768.0 naboris and fill in the blank cells. Use the E LF *** 158 - X fx 18 Common stock 19 Retained earnings 20 Treasury stock (cost) 21 Total stockholders' equity 22 Total liabilities & stockholders' equity G H I BC $1,467.0 $6,133.0 ($1,357.0) $6,243.0 $15,964.0 $9210 $4,584.0 ($912.0) $4,593.0 $13,768.0 b. Using financial statement information in following table, conduct horizonal analysis and fill up the blank cells. Use the year of "2019" as the base year Chicago Cereal Company Income Statements For the Years Ended December 31 (in thousands) Horizontal Analysis 2020 2019 Amount Percent 31 Net sales $14,230.0 $12,050.0 32 Cost of goods sold $6,597.0 $5,784.0 33 Gross profit $7,633.0 $6,266.0 34 Sellling & administrative expenses $4,563.0 $4,231.0 35 Income from operations $3,070.0 $2,035.0 36 Interest expense $389.0 $250.0 37 Income before income taxes $2,681.0 $1,785.0 38 Income tax expense $623.0 $458.0 39 Net income $2,058.0 $1,327.0 40 41 c. Using financial statement information in following table, conduct vertical analysis and fill up the blank cells. Use "Total Assets" as the base amount 158 X fe A B D E F G H 39 Net income $2,058.0 $1,327.0 40 41 c. Using financial statement information in following table, conduct vertical analysis and fill up the blank! cells. Use "Total Assets" as the base amount Chicago Cereal Company Balance Sheets December 31 (in thousands) Vertical Analysis 2020 Amount Percent $3,500.0 $5,498.0 $6,966.0 $15,964.0 2020 8 Assets Current assets Long-term assets Other assets Total assets Percent Amount $3,000.0 $4,768.0 $6,000.0 $13,768.0 $4,800.0 $4,921.0 $9,721.0 $4,300.0 $4,875.0 $9.175.0 Liabilities & Stockholders' Equity Current liabilities Long-term liabilities Total liabilities Stockholders' equity Common stock Retained earnings Treasury stock (cost) Total stockholders' equity Total liabilities & stockholders' equity $1,467.0 $6,133.0 ($1,357.0) $6,243.0 $15,964.0 $921.0 $4,584.0 ($912.0) $4,593.0 $13,768.0 it i n and fill un the blank $13,768.0 OU O d. Using financial statement information in following table, conduct vertical analysis and fill up the blank cells. Use "Net Sales" as the base amount Chicago Cereal Company Income Statements For the Years Ended December 31 (in thousands) Vertical orizontal Analysis 2020 Percent 2019 Percent 1 Net sales $14,230.0 $12,050.0 2 Cost of goods sold $6,597.0 $5,784.0 3 Gross profit $7,633.0 $6,266.0 $4,231.0 4 Sellling & administrative expenses $4,563.0 $3,070.0 5 Income from operations $2,035.0 "6 Interest expense $389.0 $250.0 7 Income before income taxes $1,785.0 $2,681.0 $623.0 F8 Income tax expense $1,327.0 $2,058.0 9 Net income $458.0 + 33