1. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Cost of goods sold. The analysis is for 2 years. a. Year 2014 B. Year 2012 2. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Income tax expense. The analysis is for 2 years. a. Year 2014 b. Year 2013 3. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Interest expense. The analysis is for 2 years. a. Year 2014 b. Year 2013 4. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Net Income. The analysis is for 2 years. to. Year 2014 b. Year 2013 Net sales Expenses: 3 KIMBALL CORPORATION Comparative Income Statement Years Ended December 31, 2014 and 2013 Cost of goods sold Engineering, selling, and administrative expenses Interest expense Income tax expense Other expense (income) Total expenses Net income 2014 2013 $300,000 $250,000 $214,200 $170,000 54,000 48,000 6,000 5,000 9,000 3,000 2,700 (1,000) 285,900 225,000 $ 14,100 $25,000

1. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Cost of goods sold. The analysis is for 2 years. a. Year 2014 B. Year 2012 2. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Income tax expense. The analysis is for 2 years. a. Year 2014 b. Year 2013 3. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Interest expense. The analysis is for 2 years. a. Year 2014 b. Year 2013 4. Using the Comparative Income Statement from Kimball Corporation, sent with this assignment, do the vertical analysis of Net Income. The analysis is for 2 years. to. Year 2014 b. Year 2013 Net sales Expenses: 3 KIMBALL CORPORATION Comparative Income Statement Years Ended December 31, 2014 and 2013 Cost of goods sold Engineering, selling, and administrative expenses Interest expense Income tax expense Other expense (income) Total expenses Net income 2014 2013 $300,000 $250,000 $214,200 $170,000 54,000 48,000 6,000 5,000 9,000 3,000 2,700 (1,000) 285,900 225,000 $ 14,100 $25,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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