. Describe the trend of revenues from 2007 to 2010. What observations can be drawn? 2. Describe the trend of direct costs from 2007 to 2010. What observations can be drawn? 3. Describe the trend of operating expenses from 2007 to 2010. What observations can be drawn? 4. Describe the trend of operating income from 2007 to 2010. What observations can be drawn? 5. Describe the trend of net income from 2007 to 2010. What observations can be drawn?

Problem 17-2A (Algo) Ratios, common-size statements, and trend percents LO P1, [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements. For Years Ended December 31 2021 Sales: Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets 2020 $436,580 $ 334,456 262,821 173,759 61,994 39,292 Long-term investments Plant assets, net Total assets KORBIN COMPANY Comparative Balance Sheets December 31 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 212,045 122,411 46, 155 101,286 72,473 13,480 $ 58,993 $ 37,225 29,432 75,587 46,824 9,599 2021 $ 54,789 0 100, 200 $154,989 $ 22,628 72,000 9,000 51,361 2019 $ 232,100 148,544 83,556 30,637 19,264 49,901 33,655 6,832 $ 26,823 2020 $36,670 900 91,178…

Comparative income statements and balance sheets for F&N are shown below ($ millions): Year 2 Year 1 Income Statement $19,889 6,204 Net sales. $20,092 6,044 Cost of goods Gross profit. Selling, general, and administrative expense Depreciation and amortization expense Interest expense (revenue) 14,048 7,893 803 (308) 13,685 9,221 773 292 3,399 1,222 Income before tax 5,660 1,691 Income tax expense. Net income $ 3,969 $ 2,177 Outstanding shares 3,491 3,481

Perform a horizontal analysis of the company

please answer do not image format

Selected XYZ financials (in dollars) 25,240,000 24,324,000 18,785,000 2,975,000 12,600,000 10,550,000 2,875,000 3,445,000 Gross income Total Sales Total Credit Sales, Net Income Cost of Goods Sold Total Assets Average Inventory Average Accounts receivable What is the asset turover ratio for Firm XYZ. (round to 3 decimals)

Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information:                              20Y8           20Y7     20Y6     20Y5 20Y4 Net income $1,078,700   $929,900   $781,400   $667,900   $566,000 Interest expense 366,800   334,800   289,100     220,400      175,500 Income tax expense 345,184   260,372   218,792   173,654    135,840 Total assets (ending balance) 8,226,651   8,779,231   6,276,721   6,620,869   5,020,826 Total stockholders' equity (ending balance) 2,543,681   3,148,667   2,003,133   2,553,135   1,531,881 Average total assets 8,502,941   7,527,976   6,448,795   5,517,391   4,722,930   Average stockholders' equity 2,846,174   2,575,900   2,278,134   2,042,508   1,808,307 You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years:…

Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information:                              20Y8           20Y7     20Y6     20Y5 20Y4 Net income $1,078,700   $929,900   $781,400   $667,900   $566,000 Interest expense 366,800   334,800   289,100     220,400      175,500 Income tax expense 345,184   260,372   218,792   173,654    135,840 Total assets (ending balance) 8,226,651   8,779,231   6,276,721   6,620,869   5,020,826 Total stockholders' equity (ending balance) 2,543,681   3,148,667   2,003,133   2,553,135   1,531,881 Average total assets 8,502,941   7,527,976   6,448,795   5,517,391   4,722,930   Average stockholders' equity 2,846,174   2,575,900   2,278,134   2,042,508   1,808,307 You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years:…

Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information:       20Y8     20Y7     20Y6     20Y5     20Y4 Net income $273,406   $367,976   $631,176   $884,000   $800,000   Interest expense 616,047   572,003   528,165   495,000   440,000   Income tax expense 31,749   53,560   106,720   160,000   200,000   Total assets (ending balance) 4,417,178   4,124,350   3,732,443   3,338,500   2,750,000   Total stockholders’ equity (ending balance) 3,706,557   3,433,152   3,065,176   2,434,000   1,550,000   Average total assets 4,270,764   3,928,396   3,535,472   3,044,250   2,475,000   Average total stockholders' equity 3,569,855   3,249,164   2,749,588   1,992,000   1,150,000   You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years:     20Y4–20Y8 Return on total assets 28%…

Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information:       20Y8     20Y7     20Y6     20Y5     20Y4 Net income $273,406   $367,976   $631,176   $884,000   $800,000   Interest expense 616,047   572,003   528,165   495,000   440,000   Income tax expense 31,749   53,560   106,720   160,000   200,000   Total assets (ending balance) 4,417,178   4,124,350   3,732,443   3,338,500   2,750,000   Total stockholders’ equity (ending balance) 3,706,557   3,433,152   3,065,176   2,434,000   1,550,000   Average total assets 4,270,764   3,928,396   3,535,472   3,044,250   2,475,000   Average total stockholders' equity 3,569,855   3,249,164   2,749,588   1,992,000   1,150,000   You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years:     20Y4–20Y8 Return on total assets 28%…