Question: P 1 2 - 1 ( Algo ) Analyzing Comparative Financial Statements by Using Percentages ( Horizontal Analysis ) LO 1 2 - 6 The

P12-1(Algo) Analyzing Comparative Financial Statements by Using Percentages (Horizontal Analysis) LO12-6
The comparative financial statements prepared at December 31, Year 2, for Goldfish Compony showed the following summarized data:
\table[[,Yoar 2,Yoar 1],
Please solve statement if earnings percentage chart in the picture and answer the following questions:
Also answer:
gross profit margin ratio: average ___%
Income tax rate: average income tax ___%
Net profit margin ratio. Was it a poor or good indiactor of performance?
Net profit margin ratio ___% and good or poor?
Percentage of total respuced in ppt: percentage __%
Debt to equity ratio ____% was it good or poor?
 P12-1(Algo) Analyzing Comparative Financial Statements by Using Percentages (Horizontal Analysis) LO12-6

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!