Vertical analysis (common size) percentages for Kochheim Companys sales revenue, cost of goods sold, and expenses are

Question:

Vertical analysis (common size) percentages for Kochheim Company€™s sales revenue, cost of goods sold, and expenses are shown below.

Did Kochheim€™s net income as a percentage of sales increase, decrease, or remain unchanged over the 3-year period? Provide numerical support for youranswer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 56% (16 reviews)

2015 2014 2013 Sales Cost of goods sold Expenses Net incom...View the full answer

Answered By

Asim farooq

I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening. My Expert Service Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities

4.40+ 65+ Reviews 86+ Question Solved

Related Book For book-img-for-question

Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

See More Books

Question Posted: Jan 30, 2014 03:29 AM

See More Questions

Vertical analysis (common size) percentages for Kochheim Companys sales revenue, cost of goods sold, and expenses are

Question:

Vertical Analysis Sales revenue Cost of goods sold 2015 100.0 60.2 25.0 2014 100.0 62.4 25.6 2013 100.0 63.5 27.5 Expenses

Step by Step Answer:

2015 2014 2013 Sales Cost of goods sold Expenses Net incom...View the full answer

Accounting Principles

Students also viewed these Managerial Accounting questions