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Prepare a analysis income statement for Dollop Inc You are given an income statement for Dollop,...

Prepare a analysis income statement for Dollop Inc You are given an income statement for Dollop, INC for the years 2009, 2008, 2007. You are asked to complete a common size income statement. Complete the calculation for horizontal analysis for the year to year column. by calculating the percentage of change from year to year. Second perform a vertical analysis for percentage of sales by calculating total sales..

2009 2008 2007
Year to year Sales % Year to year sales % sales %
1,000,000 700,000 600,000
710,000 500,000 430,000
290,000 200,000 170,000
240,000 160,000 120,000
50,000 40,000 50,000
22,000 22,000 22000
28,000 18,000 28,000
13,000 6,000 9000
15,000 12,000 19,000
Business   Accounting   
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Answer #1
2009 2008 2007
Year to year Sales % Year to year sales % sales %
1,000,000 42.86% 100.00% 700,000 16.67% 100.00% 600,000 100.00%
710,000 42.00% 71.00% 500,000 16.28% 71.43% 430,000 71.67%
290,000 45.00% 29.00% 200,000 17.65% 28.57% 170,000 28.33%
240,000 50.00% 24.00% 160,000 33.33% 22.86% 120,000 20.00%
50,000 25.00% 5.00% 40,000 -20.00% 5.71% 50,000 8.33%
22,000 0.00% 2.20% 22,000 0.00% 3.14% 22000 3.67%
28,000 55.56% 2.80% 18,000 -35.71% 2.57% 28,000 4.67%
13,000 116.67% 1.30% 6,000 -33.33% 0.86% 9000 1.50%
15,000 25.00% 1.50% 12,000 -36.84% 1.71% 19,000 3.17%
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