conduct a horizontal analysis for YY Company using its income statement in 2018 and 2019 in...
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conduct a horizontal analysis for YY Company using its income statement in 2018 and 2019 in the table below. (18%) Guangwai Company Income Statements For the Years Ended December 31 Sales Cost of goods sold Gross margin Operating expenses Net operating income Interest expense Net income before taxes Less income taxes (30%) Net income 2019 ¥1, 234, 800 ¥810,000 ¥424, 800 ¥330, 300 ¥94,500 ¥13,500 ¥81,000 ¥24, 300 ¥56,700 2018 823, 680 ¥507,000 ¥316, 680 ¥196, 560 ¥120, 120 ¥14, 040 ¥106, 080 ¥31, 824 *74,256 Increase (Decrease) Amount S 2. Please write a short summary of less than 50 words for YY company with the results of your horizontal analysis. Please (1) summarize the main changes and (2) raise possible reasons for such changes. (6%) conduct a horizontal analysis for YY Company using its income statement in 2018 and 2019 in the table below. (18%) Guangwai Company Income Statements For the Years Ended December 31 Sales Cost of goods sold Gross margin Operating expenses Net operating income Interest expense Net income before taxes Less income taxes (30%) Net income 2019 ¥1, 234, 800 ¥810,000 ¥424, 800 ¥330, 300 ¥94,500 ¥13,500 ¥81,000 ¥24, 300 ¥56,700 2018 823, 680 ¥507,000 ¥316, 680 ¥196, 560 ¥120, 120 ¥14, 040 ¥106, 080 ¥31, 824 *74,256 Increase (Decrease) Amount S 2. Please write a short summary of less than 50 words for YY company with the results of your horizontal analysis. Please (1) summarize the main changes and (2) raise possible reasons for such changes. (6%)
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2 1 Question Conduct a horizontal Statement Sales Cost of goods sold Gross margin Operating expenses ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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