Using the following information from an annual report, prepare a
Comparative (horizontal) analysis of the consolidated...
Using the following information from an annual report, prepare a
Comparative (horizontal) analysis of the consolidated statements of
earnings. (Round percentage answers to one decimal place.) 3 pts
(In millions except per share data) June 30, 2010 June 30, 2009 Net
sales $12,862 $11,170 Cost of sales 8,321 8,191 Gross margin $
4,541 $ 2,979 Operating expenses: Selling expenses General and
Administrative expenses $2,043 978 $2,000 955 Total operating
expenses $ 3,021 $ 2,955 Income (loss) from operations $ 1,520...
Analysis Inc Stmt
Prepare a horizontal analysis of the income statement. (Negative
answers should be indicated...
Analysis Inc Stmt
Prepare a horizontal analysis of the income statement. (Negative
answers should be indicated by a minus sign. Round your answers to
1 decimal place. (i.e., .234 should be entered as 23.4).)
ALLENDALE COMPANY
Horizontal Analysis of Income Statements
2019
2018
Percentage Change
Revenues
Sales
(net)
$230,000
$210,000
)
%
Other
revenues
8,000
5,000
Total
revenues
238,000
215,000
Expenses
Cost of
goods sold
120,000
103,000
Selling,
general, and administrative expenses
55,000
50,000
Interest
expense
8,000
7,200
Income
tax...
Income statements for
Finch Company for 2018 and 2019 follow:
FINCH COMPANY
Income Statements
2019
2018...
Income statements for
Finch Company for 2018 and 2019 follow:
FINCH COMPANY
Income Statements
2019
2018
Sales
$
200,400
$
180,400
Cost of goods
sold
142,200
120,200
Selling
expenses
21,700
19,700
Administrative
expenses
13,000
15,000
Interest
expense
3,500
5,500
Total
expenses
$
180,400
$
160,400
Income before
taxes
20,000
20,000
Income taxes
expense
6,000
3,900
Net income
$
14,000
$
16,100
Required
Perform a horizontal
analysis, showing the percentage change in each income statement
component between 2018 and 2019.
Perform...
As
Reported Annual Income Statement
Report Date
2018
2017
2016
Scale
Thousands
Thousands
Thousands
Net sales...
As
Reported Annual Income Statement
Report Date
2018
2017
2016
Scale
Thousands
Thousands
Thousands
Net sales
$
71,309,000
$68,619,000
$65,017,000
Cost of sales
$
48,401,000
$45,210,000
$42,553,000
Gross margin
$
22,908,000
$23,409,000
$22,464,000
Selling, general & administrative expense
$
17,413,000
$15,376,000
$15,129,000
Depreciation & amortization
$
1,477,000
$
1,447,000
$
1,489,000
Operating income (loss)
$
4,018,000
$ 6,586,000
$ 5,846,000
Interest income (expense), net
$
(624,000)
$ (633,000)
$ (645,000)
Loss on extinguishment of debt
$
-
$ (464,000)
$ ...
Phoenix Company’s 2017 master budget included the following
fixed budget report. It is based on an...
Phoenix Company’s 2017 master budget included the following
fixed budget report. It is based on an expected production and
sales volume of 17,000 units.
PHOENIX COMPANY
Fixed Budget Report
For Year Ended December 31, 2017
Sales
$
4,250,000
Cost of goods sold
Direct materials
$
850,000
Direct labor
340,000
Machinery repairs (variable
cost)
51,000
Depreciation—Plant equipment
(straight-line)
315,000
Utilities ($34,000 is
variable)
184,000
Plant management salaries
215,000
1,955,000
Gross profit
2,295,000
Selling expenses
Packaging
68,000
Shipping
102,000
Sales salary (fixed...
Income statements for Zachary Company for Year 3 and Year 4
follow:
ZACHARY COMPANY
Income Statements...
Income statements for Zachary Company for Year 3 and Year 4
follow:
ZACHARY COMPANY
Income Statements
Year 4
Year 3
Sales
$
201,600
$
181,600
Cost of goods sold
143,300
121,300
Selling expenses
20,200
18,200
Administrative expenses
12,100
14,100
Interest expense
3,500
5,500
Total expenses
$
179,100
$
159,100
Income before taxes
22,500
22,500
Income taxes expense
6,900
3,600
Net income
$
15,600
$
18,900
Required
a. Perform a horizontal analysis, showing the
percentage change in each income statement component...
Horizontal Analysis of the Income Statement
Income statement data for Winthrop Company for two recent years...
Horizontal Analysis of the Income Statement
Income statement data for Winthrop Company for two recent years
ended December 31, are as follows:
Current
Year
Previous
Year
Sales
$550,000
$440,000
Cost of goods sold
467,400
380,000
Gross profit
$82,600
$60,000
Selling expenses
$24,150
$21,000
Administrative expenses
20,910
17,000
Total operating expenses
$45,060
$38,000
Income before income tax
$37,540
$22,000
Income tax expenses
15,000
8,800
Net income
$22,540
$13,200
a. Prepare a comparative income statement with
horizontal analysis, indicating the increase (decrease)...
Vertical Analysis of Income Statement
Revenue and expense data for Innovation Quarter Inc. for two
recent...
Vertical Analysis of Income Statement
Revenue and expense data for Innovation Quarter Inc. for two
recent years are as follows:
Current
Year
Previous
Year
Sales
$583,000
$531,000
Cost of goods sold
332,310
276,120
Selling expenses
99,110
100,890
Administrative expenses
110,770
90,270
Income tax expense
17,490
26,550
a. Prepare an income statement in comparative
form, stating each item for both years as a percent of sales. If
required, round percentages to one decimal place. Enter all amounts
as positive numbers.
Innovation...
Vertical Analysis of Income Statement
For 20Y2, Tri-Comic Company initiated a sales promotion campaign
that included...
Vertical Analysis of Income Statement
For 20Y2, Tri-Comic Company initiated a sales promotion campaign
that included the expenditure of an additional $23,000 for
advertising. At the end of the year, Lumi Neer, the president, is
presented with the following condensed comparative income
statement:
Tri-Comic Company
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2
20Y1
Sales
$812,000
$698,000
Cost of goods sold
365,400
349,000
Gross profit
$446,600
$349,000
Selling expenses
$162,400
$132,620
Administrative expenses
89,320
90,740...
Operating data for Ayayai Corp. are presented below.
2017
2016
Sales revenue
$836,700
$650,500
Cost of...
Operating data for Ayayai Corp. are presented below.
2017
2016
Sales revenue
$836,700
$650,500
Cost of goods sold
521,400
409,700
Selling expenses
126,900
75,800
Administrative expenses
78,800
51,500
Income tax expense
35,100
25,600
Net income
74,500
87,900
Prepare a schedule showing a vertical analysis for 2017 and 2016.
(Round percentages to 1 decimal place, e.g.
12.1%.)
AYAYAI
CORP.
Condensed Income Statement
For the Years Ended December 31December 31For the Month Ended
December 31
2017
2016
Amount
Percent
Amount
Percent
Sales...