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Based on the information given, perform a vertical analysis for On The Dot Trading. On The Dot Trading Statement of Financial Position As of December 31 Assets Current Assets Cash Short-term Investments Accounts Receivable, Net Merchandise Inventory Total Current Assets Property, Plant, and Equipment (net) Total Assets Liabilities and Owner's Equity Current Liabilities Non-Current Liabilities Total Liabilities Owner's Equity Total Liabilities and Owner's Equity Net Sales Cost of Goods Sold Gross Profit 2017 binh Selling and Administrative Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense Net Income P 158,000 130,000 240,000 500,000 P1,028,000 2,340,000 3,368,000 530,000 800,000 1,330,000 2,038,000 3,368,000 On the Dot Trading Income Statement For the Years Ended December 31 (in millions) Percent 2017 4,972 3,046 $1,926 1,556 P 370 88 282 94 P 188 Percent 2016 84,000 192,000 200,000 530,000 1,006,000 2,350,000 3,356,000 584,000 840,000 1,424,000 1,932,000 3,356,000 2016 $4,150 2,444 1,706 1,500 ✈ 206 92 114 Fl 42 72 Percent Percent tout

Based on the information given, perform a vertical analysis for On The Dot Trading. On The Dot Trading Statement of Financial Position As of December 31 Assets Current Assets Cash Short-term Investments Accounts Receivable, Net Merchandise Inventory Total Current Assets Property, Plant, and Equipment (net) Total Assets Liabilities and Owner's Equity Current Liabilities Non-Current Liabilities Total Liabilities Owner's Equity Total Liabilities and Owner's Equity Net Sales Cost of Goods Sold Gross Profit 2017 binh Selling and Administrative Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense Net Income P 158,000 130,000 240,000 500,000 P1,028,000 2,340,000 3,368,000 530,000 800,000 1,330,000 2,038,000 3,368,000 On the Dot Trading Income Statement For the Years Ended December 31 (in millions) Percent 2017 4,972 3,046 $1,926 1,556 P 370 88 282 94 P 188 Percent 2016 84,000 192,000 200,000 530,000 1,006,000 2,350,000 3,356,000 584,000 840,000 1,424,000 1,932,000 3,356,000 2016 $4,150 2,444 1,706 1,500 ✈ 206 92 114 Fl 42 72 Percent Percent tout

FINANCIAL ACCOUNTING
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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Make an analysis/interpretaion/conclusion after preparing the vertical analysis.

Based on the information given, perform a vertical analysis for On The Dot Trading. On The Dot Trading Statement of Financial Position As of December 31 Assets Current Assets Cash Short-term Investments Accounts Receivable, Net Merchandise Inventory Total Current Assets Property, Plant, and Equipment (net) Total Assets Liabilities and Owner's Equity Current Liabilities Non-Current Liabilities Total Liabilities Owner's Equity Total Liabilities and Owner's Equity Net Sales Cost of Goods Sold Gross Profit 2017 Wh Selling and Administrative Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense Net Income P 158,000 130,000 240,000 500,000 P1,028,000 2,340,000 3,368,000 530,000 800,000 1,330,000 2,038,000 3,368,000 On the Dot Trading Income Statement For the Years Ended December 31 (in millions) Percent 2017 4,972 3,046 1,926 1,556 P 370 88 282 94 F 188 Percent 2016 84,000 192,000 200,000 530,000 1,006,000 2,350,000 3,356,000 584,000 840,000 1,424,000 1,932,000 3,356,000 2016 4,150 2,444 1,706 1,500 ✈ 206 92 114 Fl 42 72 Percent Percent
Transcribed Image Text:Based on the information given, perform a vertical analysis for On The Dot Trading. On The Dot Trading Statement of Financial Position As of December 31 Assets Current Assets Cash Short-term Investments Accounts Receivable, Net Merchandise Inventory Total Current Assets Property, Plant, and Equipment (net) Total Assets Liabilities and Owner's Equity Current Liabilities Non-Current Liabilities Total Liabilities Owner's Equity Total Liabilities and Owner's Equity Net Sales Cost of Goods Sold Gross Profit 2017 Wh Selling and Administrative Expenses Operating Income Interest Expense Income Before Income Taxes Income Tax Expense Net Income P 158,000 130,000 240,000 500,000 P1,028,000 2,340,000 3,368,000 530,000 800,000 1,330,000 2,038,000 3,368,000 On the Dot Trading Income Statement For the Years Ended December 31 (in millions) Percent 2017 4,972 3,046 1,926 1,556 P 370 88 282 94 F 188 Percent 2016 84,000 192,000 200,000 530,000 1,006,000 2,350,000 3,356,000 584,000 840,000 1,424,000 1,932,000 3,356,000 2016 4,150 2,444 1,706 1,500 ✈ 206 92 114 Fl 42 72 Percent Percent
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