When the fiscal year ends for a company, it is important to analyze how the company is performing to determine if there are issues to work on and successes to expand on.

As the owner of your Sales and Service company, you are interested in finding out how well the company has performed in the first two years of operations.

Complete the following tasks using the Module 06 Written Assignment Analysis Template. Be sure to cite your sources using proper format.

Transcribed Image Text:

Clipboard D10 35 36 37 38 39 40 41 ASSETS Font fx A B Fa Alignment Fy Number F Styles C Student Name Sales and Service Balance Sheet Horizontal & Vertical Analysis E G Vertical Analysis Horizontal Analysis 2023 2024 2024 2023 to 2324 42 Current Assets 43 Bank Accounts 44 101 Checking 45 Total Bank Accounts 53,493.52 72,714.21 $ 53,493.52 $ 72,714.21 46 Account Receivable 47 105 Accounts Receivable (A/R) 400.00 1,350.00 48 Total Accounts Receivable $ 400.00 $ 1,350.00 49 Other Current Assets 50 115 Merchandise Inventory 51 123 Prepaid Rent 9,870.00 0.00 11,960.00 0.00 52 125 Prepaid Insurance 2,250.00 3,000.00 53 Total Other Current Assets $ 12,120.00 $ 14,960.00 54 Total Current Assets $ 66,013.52 $ 89,024.21 55 Fixed Assets CALCULATIONS QUESTIONS + Ready Accessibility: Good to go Type here to search C Clipboard D10 35 36 37 38 39 40 41 ASSETS Font fx A B Fa Alignment Fy Number F Styles C Student Name Sales and Service Balance Sheet Horizontal & Vertical Analysis E G Vertical Analysis Horizontal Analysis 2023 2024 2024 2023 to 2324 42 Current Assets 43 Bank Accounts 44 101 Checking 45 Total Bank Accounts 53,493.52 72,714.21 $ 53,493.52 $ 72,714.21 46 Account Receivable 47 105 Accounts Receivable (A/R) 400.00 1,350.00 48 Total Accounts Receivable $ 400.00 $ 1,350.00 49 Other Current Assets 50 115 Merchandise Inventory 51 123 Prepaid Rent 9,870.00 0.00 11,960.00 0.00 52 125 Prepaid Insurance 2,250.00 3,000.00 53 Total Other Current Assets $ 12,120.00 $ 14,960.00 54 Total Current Assets $ 66,013.52 $ 89,024.21 55 Fixed Assets CALCULATIONS QUESTIONS + Ready Accessibility: Good to go Type here to search C