Activity 6: Vertical Analysis and Interpretation of SFP and SCI Directions: From these randomly ordered accounts of Dale Merchandising prepare a Statement of Financial Position and Statement of Comprehensive Income. Make a Vertical Analysis and interpret the results. The balances shown are as of and for the year ending 12/31/2019. Sales Returns and Allowances Accumulated Depreciation Merchandise Inventory, December 31, 2019 50,000.00 80,000.00 1,050,000.00 100,000.00 400,000.00 190,000.00 100,000.00 2,000.00 50,000.00 220,000.00 50,000.00 29,000.00 10,000.00 200,000.00 30,000.00 220,000.00 200,000.00 100,000.00 200,000.00 8,000.00 200,000.00 Sales Merchandise Inventory, January 1, 2019 Purchases Selling Expenses Accounts Payable Purchase Returns and Allowances Cash Office Equipment Withdrawals A Proces Sales Discounts Transportation-In General and Administrative Expense Office Supplies Accounts Receivable Notes Payable Prepaid Rent Josh, Capital, Jan. 1, 2019 Purchase Discounts Net Income from operation

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Activity 6: Vertical Analysis and Interpretation of SFP and SCI
Directions: From these randomly ordered accounts of Dale Merchandising prepare
a Statement of Financial Position and Statement of Comprehensive Income. Make a
Vertical Analysis and interpret the results. The balances shown are as of and for
the year ending 12/31/2019.
Sales Returns and Allowances
Accumulated Depreciation
Merchandise Inventory, December 31, 2019
Sales
50,000.00
80,000.00
1,050,000.00
100,000.00
400,000.00
190,000.00
100,000.00
2,000.00
50,000.00
220,000.00
50,000.00
29,000.00
10,000.00
200,000.00
30,000.00
220,000.00
200,000.00
100,000.00
200,000.00
8,000.00
200,000.00
Merchandise Inventory, January 1, 2019
Purchases
Selling Expenses
Accounts Payable
Purchase Returns and Allowances
Cash
Office Equipment
Withdrawals
A Proces
Sales Discounts
Transportation-In
General and Administrative Expense
Office Supplies
Accounts Receivable
Notes Payable
Prepaid Rent
Josh, Capital, Jan. 1, 2019
Purchase Discounts
Net Income from operation
Transcribed Image Text:Activity 6: Vertical Analysis and Interpretation of SFP and SCI Directions: From these randomly ordered accounts of Dale Merchandising prepare a Statement of Financial Position and Statement of Comprehensive Income. Make a Vertical Analysis and interpret the results. The balances shown are as of and for the year ending 12/31/2019. Sales Returns and Allowances Accumulated Depreciation Merchandise Inventory, December 31, 2019 Sales 50,000.00 80,000.00 1,050,000.00 100,000.00 400,000.00 190,000.00 100,000.00 2,000.00 50,000.00 220,000.00 50,000.00 29,000.00 10,000.00 200,000.00 30,000.00 220,000.00 200,000.00 100,000.00 200,000.00 8,000.00 200,000.00 Merchandise Inventory, January 1, 2019 Purchases Selling Expenses Accounts Payable Purchase Returns and Allowances Cash Office Equipment Withdrawals A Proces Sales Discounts Transportation-In General and Administrative Expense Office Supplies Accounts Receivable Notes Payable Prepaid Rent Josh, Capital, Jan. 1, 2019 Purchase Discounts Net Income from operation
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