Question: Using the comparative income statement, prepare a vertical analysis of all items from sales through gross profit on sales for the years 2015 and 2016.

Using the comparative income statement, prepare a vertical analysis of all items from sales through gross profit on sales for the years 2015 and 2016.

Austin, Ind Comparative Income Statement Years Ended December 31, 2016 and 2015 Amounts 2016 2015 Sales Less Sales Returns and Allowances Net Sales Cost of Goods Sold Gross Profit on Sales Selling Expenses General Expenses Total Expenses et Income before Income Taxes Income Tax Expense Net Income after Income Taxes 16 7 1 07515 1966 5 9 6075 8 46 6 5 15 7 50 0 0 14 3 5000 10426 5 0 532 3 5 01 2 1 5 0 0 0 2 1 0 0 0 0 4 2 5 000 11017[3 5 01 487900 2 05 0 00 19 00 0 0 9 2 9 00 2787 0 6 5 0 3 0 3 2 2 05 7 5 1 45

Step by Step Solution

★★★★★

3.45 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

tr msoheightsourceauto col msowidthsourceauto br msodataplacementsamecell style16 msonumberformat 000 000 00220022 msostylenameComma msostyleid3 style0 msonumberformatGeneral textaligngeneral vertical... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1128-B-A-C-A-R(4745).xlsx

300 KBs Excel File

Students Have Also Explored These Related Accounting Questions!

Prepare a Vertical Analysis of Income Statement. (Show your % out to 2 Decimals, example =9.55% ) 1) Jan-1 The JW-Corp Received $120,000 from Investors in Exchange for 6,000 shares of Common Stock....

Prepare a horizontal analysis of the comparative income statement of Keesha Shoes Inc. Round percentage changes to the nearest one-tenth percent (three decimal places). Why was the percentage...

Prepare a horizontal analysis of the comparative income statement of Keesha Shoes Inc. (shown on the next page). Round percentage changes to the nearest one-tenth percent (three decimal places). Why...

Using the comparative income statement, prepare a vertical analysis of all items from sales through gross profit on sales for the years 2015 and 2016

Required: Using the comparative income statement, prepare a vertical analysis of all items from sales through gross profit on sales for the years 2 0 X 1 and 2 0 X 2 . Note: Round your percentage...

Using the comparative income statement, prepare a vertical analysis of all items from sales through gross profit on sales for the years shown. Canna, Inc. Comparative Income Statement Years Ended...

Using the comparative income statement, prepare a horizontal analysis of all items on the income statement for 2016 and 2015. Austin, Ind Comparative Income Statement Years Ended December 31, 2016...

Using the comparative income statement, prepare a horizontal analysis of all items on the income statement for years displayed. Canna, Inc. Comparative Income Statement Years Ended December 31, 2019...

Using the Income Statement prepare a vertical analysis of ABC Company's Income Statement. Briefly summarize your observations in changes and financial trends to: Net sales, Operating income, and Net...

GIVE THE COMPARATIVE INCOME STATEMENT HORIZONTAL AND VERTICAL ANALYSIS FROM THE GIVEN INCOME STATEMENT BELOW JOLLIBEE INCOME STATEMENT ITEM 2016 2017 2018 2019 2020 Sales/Revenue 113.81B 133.61B...

Write a program in the Julia programming language that captures a sequential game between two players in its extensive form and computes each players payoff using a mixed strategy.

The value of the integral from 0 to 1 x^2 dx, evaluated using the trapezoidal rule with a step size of 0.2, is (a) 0.30 (b) 0.39 (c) 0.34 (d) 0.27

Use the letter matrix generated in the previous programming exercise as a starting point for this program. Generate a single random four-by-four letter matrix in which each letter has a 50%...

Section 1.2 gives examples of projects. Choose ten projects (alone or together with your instructor) and indicate who the users of the project results would be.

Refer to The Home Depot, Inc., 2015 Annual Report (for the fiscal year ended January 31, 2016) in Appendix A. Locate the Five-Year Summary of Financial and Operating Results. Review the information...

NorCal Computer Company is currently manufacturing a part that goes into its main product. Each year, 1,500 of these parts are used. Cost data for the past year that relate to the 1,500 parts are...

Wood Decorative Manufacturing makes architectural wood products, such as crown molding, onlays, and panels, which it sells to commercial builders. The firms finishing department is not mechanized....

Consolidated Pasta is currently expected to pay annual dividends of $10 a share in perpetuity on the 2.1 million shares that are outstanding. Shareholders require a 10% rate of return from...

Zang Industries has hired the investment banking firm of Eric, Schwartz, & Mann (ESM) to help it go public. Zang and ESM agree that Zang's current value of equity is $58 million. Zang currently has 4...

INCOME STATEMENT million Sales Revenue 1 , 0 0 0 . 0 Cost of Sales 8 0 0 . 0 ) Gross Profit 2 0 0 . 0 Selling, General and Administrative Expenses ( 1 0 0 . 0 ) EBITDA 1 0 0 . 0 Depreciation ( 5 0 ....