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
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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