The following information was taken from the annual report of SC Enterprises: Required Prepare and interpret horizontal
Question:
Required
Prepare and interpret horizontal and vertical analyses of all three accounts. Round percentages to one decimal point (i.e., 23.9%). Should the owners of the business be concerned?
Transcribed Image Text:
2012 2011 Sales Total assets Accounts receivable $240,000 $250,000 840,000 825,000 25,000 78,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Horizontal Analysis Net sales 240000 250000250000 40 Total assets 840000 825000825000 18 Accounts ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Benson Bicycle Manufacturing Company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. Benson produces and sells only 6,900...
-
The following information was taken from the annual report of Sparky Foundation: Required Compute and interpret Sparky's receivables turnover ratio and its days-in-receivables ratio. 2012 2011 Gross...
-
The following information was taken from the annual report of Sega-Venus Enterprises: a. Compute Sega-Venuss conservatism ratio, and comment on how conservative the companys reporting methods are. b....
-
What are the pros and cons of Sephora carrying more than 200 brands of personal care products?
-
Consult Paragraphs 29 and 32 of PCAOB Auditing Standard No. 5. Briefly identify the types of revenue earned by Sunbeam. Do you believe that any of the different types of revenue earned by Sunbeam...
-
Calculate the MODE and the RAGE for the following values regarding how many times a group of 10 adolescents used drugs or alcohol in the last month: (enter answers to two decimal places, where...
-
Explain the significance of components in the context of object-oriented development.
-
From the following facts calculate what Mike Hall paid Lakeville Co. for the purchase of a dining room set. Sale terms are 5/10, n/30. a. Sales ticket price before tax, $11,000, dated April 5. b....
-
The following data from the just completed year are taken from the accounting records of Mason Company: Sales Direct labor cost $524,000 $70,000 Raw material purchases $118,000 Selling expenses...
-
Paul Duncan, financial manager of EduSoft Inc., is facing a dilemma. The firm was founded 5 years ago to provide educational software for the rapidly expanding primary and secondary school markets....
-
Outdoor Living has the following accounts receivable at year end, broken down by age: Prior experience has shown that the company will probably collect 95% of its current receivables. Furthermore,...
-
The following information is from Canning Company: Required Calculate the allowance ratio for both years. Is Canning Company getting better or worse at collecting its receivables? Allowance for bad...
-
What are the elements of the ADVICE model?
-
You are given the following table: Spot rate january 2024 - 162 kenyan shillings per dollar, forward rate december 2024 - 170 kenyan shillings per dollar, interest rates in kenya - 18%, interest...
-
How do I calculate the interest on a 36-month $1 buyout finance lease? The product cost is $26,455 and the monthly payments are $819.05
-
An effective progress note records specific types of information and excludes other types of information. Select the correct types of information that should be included in an effective progress...
-
Given the function defined by g(x)=-x -3x-3, find g (1). Express numbers as integers or simplified fractions. 8(1)-1
-
Solve the logarithmic equation algebraically. Round the result to three decimal places. Verify your answer(s) using a graphing utility. In(x+6) In(x-3) = In(x) x =
-
Determine the value of C 2 in Figure 1084 when V A = V B . V 1 kHz 2.2 R A FIGURE 10-84 www C 0.047F R www 1.0 C B
-
Q:1 Take any product or service offered in Pakistan and apply all determinents of customer Perceived value ?
-
Presented below are comments made in the financial press. Instructions Prepare responses to the requirements in each item. (a) Rep. John Dingell, the ranking Democrat on the House Commerce Committee,...
-
Presented below are comments made in the financial press. Instructions Prepare responses to the requirements in each item. (a) Rep. John Dingell, the ranking Democrat on the House Commerce Committee,...
-
What is the benefit of a single set of high-quality accounting standards?
-
Why are Incoterms 2020 and Terms of Payment considered an important factor in executing global trade contracts? and also provide five various examples and risk related risk factors,
-
What is the purpose of using the Loan Manager in QuickBooks?
-
What is typically not available for entry by an employee in an HRIS employee self-service application?
Study smarter with the SolutionInn App