Using the following selected items from the comparative balance sheet of Ames Company, illustrate horizontal and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Using the following selected items from the comparative balance sheet of Ames Company, illustrate horizontal and vertical analysis. (Round vertical analysis answers to 1 decimal place, e.g. 15.2%.) HORIZONTAL ANALYSIS December 31, December 31, December 31, December 31, 2020 2019 2020 2019 Accounts Receivable $960,000 $600,000 Inventory 975,000 780,000 Total Assets 4,000,000 2,500,000 Using the following selected items from the comparative balance sheet of Ames Company, illustrate horizontal and vertical analysis. (Round vertical analysis answers to 1 decimal place, e.g. 15.2%.) HORIZONTAL ANALYSIS VERTICAL ANALYSIS December 31, December 31, December 31, December 31, 2020 2019 2020 2019 Using the following selected items from the comparative balance sheet of Ames Company, illustrate horizontal and vertical analysis. (Round vertical analysis answers to 1 decimal place, e.g. 15.2%.) HORIZONTAL ANALYSIS December 31, December 31, December 31, December 31, 2020 2019 2020 2019 Accounts Receivable $960,000 $600,000 Inventory 975,000 780,000 Total Assets 4,000,000 2,500,000 Using the following selected items from the comparative balance sheet of Ames Company, illustrate horizontal and vertical analysis. (Round vertical analysis answers to 1 decimal place, e.g. 15.2%.) HORIZONTAL ANALYSIS VERTICAL ANALYSIS December 31, December 31, December 31, December 31, 2020 2019 2020 2019
Expert Answer:
Answer rating: 100% (QA)
Fox Total Assets Vertical analysis 250000 xl00 lo0 HORIZONTAL ANALYSIS VERTICAL ANALYSIS December De... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1118342190
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Posted Date:
Students also viewed these accounting questions
-
Using the following data from the comparative balance sheet of Doabe Company, illustrate horizontalanalysis. December 31, 2013 $ 520,000 $ 840,000 December 31, 2012 $ 400,000 $ 600,000 Accounts...
-
Using these data from the comparative balance sheet of Rollaird Company, perform horizontal analysis. December 31, 2020 $ 460,000 December 31, 2019 $ 400,000 Accounts receivable Inventory Total...
-
Using the following data from the comparative balance sheet of Goody Company, illustrate horizontalanalysis. Accounts receivable Inventory Total assets December 31, 2015 520,000 840,000 3,000,000...
-
1. Our Play has (14.4/9.86) days of sales tied up in receivables, which is much (higher/lower) than the industry average. It takes Our Play (less/more) time to collect cash from its customers than it...
-
How did the environment of the American Fur Company change in the 1830s? What deep historical forces are implicated in these changes?
-
What are the various aspects of decision making?
-
Use of slurry adsorbents has received some industrial attention because it allows for countercurrent movement of the solid and fluid phases. Your manager wants you to design a slurry adsorbent system...
-
Lynne Products Company uses a process cost system and applies actual factory overhead to work in process at the end of the month. The following data came from the records for the month of March:...
-
The scope statement and work break down structure for renowation of living room tell me what changes should be in living room takes place in budget of 20000 dollars
-
Craig Fisher started a lawn service called Craigs Quick Cut to earn money over the summer months. Fisher has decided to use the following accounts for recording transactions: Assets Revenue Cash Lawn...
-
Case #5 Ch 14 Kevin's First Project Recently hired Kevin McAllister was always an adventurer but imagine his surprise when he was asked to head the party panning committee at the office. This...
-
. Consider water contained in a cylinder at 15C with a frictionless piston with some weights on it. Initially the pressure inside the piston is 100kPa and then the water is heated such that the water...
-
Suppose Maizey Mayhem has 1 million shares of $5 par common stock outstanding. It then declares a stock dividend of the outstanding shares when the market price is $30 per share. What is the debit to...
-
Grace wants to give her daughter $150,000 in 4 years to start her own business. She currently has $50,000 invested and earmarked for this goal. How much more should she invest at the end of each...
-
Find X, Y, Z and W. [*7 (2x-1)] = [(24-5 (w+1) (3x+4)] EX Z = = =M
-
Many employees, rather than losing their jobs, would find any way to meet those goals. Why are the standards of ethical behavior in business no different from ethical standards in general?
-
Write a void function that displays the contents of a vector in a nice format. You will pass in the vector and display it to the screen (Note you dont need to pass in the size of the vector as you...
-
Quadrilateral EFGH is a kite. Find mG. E H <105 G 50 F
-
Prepare journal entries to record the following. (a) Sound Tracker Company retires its delivery equipment, which cost $41,000. Accumulated depreciation is also $41,000 on this delivery equipment. No...
-
Lon Timur is an accounting major at a midwestern state university located approximately 60 miles from a major city. Many of the students attending the university are from the metropolitan area and...
-
Presented below is the basic accounting equation. Determine the missing amounts.
-
Assume that an income statement contains each of the three sections listed below. Which will be the last section presented in the income statement? a. Gross profit b. Income from continuing...
-
When constructing a common-sized income statement, all amounts are expressed as a percentage of: a. net income. b. gross profit. c. net sales. d. income from operations.
-
The current ratio of Hydro Company at December 31, 2018, calculated using the above data, was 3.13 and the company's working capital was \(\$ 170,000\). Which of the following would happen if the...
Study smarter with the SolutionInn App