Question: E15.1 develop a schedule showing a horizontal analysis for 2020 using 2019 as the base year E15.2 develop a schedule showing a vertical analysis for

E15.1 develop a schedule showing a horizontal analysis for 2020 using 2019 as the base year

E15.2 develop a schedule showing a vertical analysis for 2020 and 2019

E15.3 A. develop a horizontal analysis of the statement of financial position data for Garcia using 2019 as a base

B. develop a vertical analysis of the statement of financial position data for Garcia in columnar form for 2020

E15.1 develop a schedule showing a horizontal analysis for 2020 using 2019

as the base year E15.2 develop a schedule showing a vertical analysis

Follow the rounding procedures used in the chapter. E15.1 (LO 1) Financial information for Gallup SA is presented below. Prepare horizontal analysis. December 31, 2020 December 31, 2019 Plant assets (net) E396,000 E320,000 Current assets 128,000 1 10,000 Share capital-ordinary, EI par 159.000 1 15,000 Retained earnings 135,300 150.000 Non-current liabilities 138,700 95.000 Current liabilities 91,000 70,000 Instructions Prepare a schedule showing a horizontal analysis for 2020 using 2019 as the base year. E15.2 (LO 1) Operating data for Conard Limited are presented below. Prepare vertical analysis. 2020 2019 Net sales (750,000 $600,000 Cost of goods sold 480.000 408.000 Selling expenses 105.000 84,000 Administrative expenses 75.000 54,000 Income tax expense 36,000 18,000 Net income 54,000 36,000Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019 Prepare horizontal and vertical analyses E15.3 (LO 1) The comparative condensed statements of financial position of Garcia SLU are presented below. Garcia SLU Comparative Condensed Statements of Financial Position December 31 2020 2019 Assets Intangibles E 24,000 E 40.000 Property, plant, and equipment (net) 100.000 92,000 Current assets 76.000 82.000 Total assets E 200,000 (214,000 Equity and liabilities Equity E 20,000 E 16,000 Non-current liabilities 140,000 150.000 Current liabilities 40,000 48.000 Total equity and liabilities E 200,000 (214,000 Instructions a. Prepare a horizontal analysis of the statement of financial position data for Garcia using 2019 as a base b. Prepare a vertical analysis of the statement of financial position data for Garcia in columnar form for 2020

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

i want answer 15.1 821 O EM0|| 11 meera itd. comparative statements of financial position presented belowl C 17H14212 8 1 Follow the rounding procedures used in the chapter E15.1 (LO 1) Financial...

please help me to solve this problem ! Thankyou ! EXERCISE 15.1 Financial information for Gallup SA is presented below. December 31, 2020 December 31, 2019 Plant assets net 396,000 320,000 Current...

Exercise 18-03 (Video) Here is financial information for Glitter Inc Current assets Plant assets (net) Current liesilities Long-term llabillties Comman stock, $1 par Retained earnings December 31,...

Here is financial information for Shamrock, Inc.. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2020 $104,753 435,862...

Here is financial information for Sage Hill Inc.. December 31, 2020 December 31, 2019 Current assets $96,514 $ 82,000 Plant assets (net) 379,620 333,000 Current liabilities 108,330 69,000 Long-term...

E18.5 550.000 abilities 99,000 Long-term liabilities 65,000 122,000 90.000 Common stock, Si par 130,000 115,000 Retained earnings 155,000 170,000 Instructions Prepare a schedule showing a horizontal...

Vertical analysis (common-size) percentages for Carla Vista Co's sales revenue, cost of goods sold, and expenses are as follows. Wentical/Analysis 2020 2019 2018 Sales revenue 100.0 % 100.0 % 100.0 %...

nhuncements Exercise 13-03 (Video) Here is financial information for Sage Hill Inc.. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings...

Hi, I want the answer for this question please PART D: Financial Statement Analysis INSTRUCTION: Read the questions carefully and use the information provided in each question to answer that...

Here is financial information for Glitter Inc. Current assets December 31, 2020 $123,000 394,416 86,265 Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained...

How should a speaker handle disruptions such as people arriving late or the sound of cell phones ringing?

1) Congratulations! You have just won a small lottery. Lottery officials give you three alternatives for receiving your winnings: a) $8000 now b) $1000 per year for 12 years c) $15000 in 10 years If...

Why do you add a decrease in accounts receivable from net income when computing net cash flows from operating activities when preparing a statement of cash flows using the indirect method?

A 114.8 gram sample of an unknown substance (MM = 189.50 g/mol) is cooled from 233.0 C to 147.6 C. (heat capacity of liquid = 1.62 J/g C; heat capacity of gas = 1.04 J/g C; Hvap = 78.11 kJ/mol;...

3. Explain the law of supply. Why does the supply curve slope upward? How is the market supply curve derived from the supply curves of individual producers? LO3.3

2. What are the determinants of demand? What happens to the demand curve when any of these determinants change? Distinguish between a change in demand and a movement along a fixed demand curve,...

7. What do economists mean when they say price floors and ceilings stifle the rationing function of prices and distort resource allocation? LO3.6