Question: It would be BE18-4 through BE18-7, please BE18-3 Using the following data from the comparative balance sheet of Goody Company, illustrate horizontal analysis. Accounts receivable
BE18-3 Using the following data from the comparative balance sheet of Goody Company, illustrate horizontal analysis. Accounts receivable Inventory Total assets December 31, 2017 $ 520,000 840,000 3,000,000 December 31, 2016 $ 400,000 600,000 2,500,000 BE18-4 Using the same data presented above in BE18-3 for Goody Company, illustrate vertical analysis. BE18-5 Net income was $500,000 in 2016, $450,000 in 2017, and $522,000 in 2018. What is the percentage of change from (a) 2016 to 2017 and (b) 2017 to 2018? Is the change an increase or a decrease? BE18-6 If Sappington Company had net income of $585,000 in 2017 and it experienced a 20% increase in net income over 2016, what was its 2016 net income? BE18-7 Horizontal analysis (trend analysis) percentages for Dody Company's sales revenue, cost of goods sold, and expenses are shown below. Sales revenue Cost of goods sold Expenses 2018 96.2% 102.0 109.6 2017 106.8% 97.0 98.4 2016 100.0% 100.0 100.0 Did Dody's net income increase, decrease, or remain unchanged over the 3-year period
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