11. Albert Salcedo, owner of Albert Enterprise has provided you with a comparative income statements of his firm for 2013 and 2012. He is very much interested in a financial analysis of his firm's results of operations. Prepare a horizontal analysis of Albert Enterprise's Income Statement accounts. ● Albert Enterprise Income Statements For the period ended December 31 Sales Cost of Goods Sold Merchandise Inventory, Beginning Purchases Total Goods Available for Sale 2013 2,500,000 90,000 900,000 990,000 2012 $ 2,000,000 75,000 810,000 885,000 PRETATION OF FIN
11. Albert Salcedo, owner of Albert Enterprise has provided you with a comparative income statements of his firm for 2013 and 2012. He is very much interested in a financial analysis of his firm's results of operations. Prepare a horizontal analysis of Albert Enterprise's Income Statement accounts. ● Albert Enterprise Income Statements For the period ended December 31 Sales Cost of Goods Sold Merchandise Inventory, Beginning Purchases Total Goods Available for Sale 2013 2,500,000 90,000 900,000 990,000 2012 $ 2,000,000 75,000 810,000 885,000 PRETATION OF FIN
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Merchandise Inventory, Ending
Cost of Goods Sold
Gross Profit
Operating Expenses
Earnings Before Interest and Taxes
Interest Expense
Earnings Before Tax
Income Tax Expense
Net Income
(75,000)
915,000
1,585,000
(570,000)
1,015,000
(10,000)
1,005,000
(301,500)
P 703,500 dol
(80,000)
805,000
1,195,000
(450,000)
745,000
(8,000)
737,000
(221,100)
515,900
Transcribed Image Text:11. Albert Salcedo, owner of Albert Enterprise has provided you with a comparative income statements
of his firm for 2013 and 2012. He is very much interested in a financial analysis of his firm's
results of operations.
Prepare a horizontal analysis of Albert Enterprise's Income Statement accounts.
Albert Enterprise
Income Statements
For the period ended December 31
Sales
Cost of Goods Sold
Merchandise Inventory, Beginning
Purchases
Total Goods Available for Sale
2013
2,500,000
90,000
900,000
990,000
2012
$ 2,000,000
75,000
810,000
885,000
DRETATION OF FIN
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