CHAPTER 18 Financial Analysis: The Big Picture Exercises Instructions Prepare a statement of comprehensive income, beginning with income from continuing operations. re horizontal analysis. E18.3 (LO 2) Here is financial information for Glitter Inc. Excel December 31, 2020 December 31, 2019 Current assets $106,000 400,000 $ 90,000 350,000 65,000 90,000 115,000 170,000 Plant asscts (nct) Current liabilities Long-term liabilities Common stock, $1 par Retained carnings 99,000 122,000 130,000 155,000 Instructions Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. are vertical analysis. E18.4 (LO 2) Operating data for Joshua Corporation are presentcd below. 2020 2019 Excel $800,000 520,000 120,000 60,000 30,000 70,000 $600,000 408,000 72,000 48,000 24,000 48,000 Sales revenuc Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019. E18.5 (LO 2) Suppose the comparative balance sheets of Nike, Inc. are presented here. are horizontal and vertical lyses. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $ 9,734 1,958 1,558 $ 8,839 1,891 1,713 Current assets we u correct statement of wchensive income. Property, plant, and equipment (net) Other assets oriz $12,443 $13,250 Total assets $ 3,322 1.296 Liabilities and Stockholders' Equity $ 3,277
CHAPTER 18 Financial Analysis: The Big Picture Exercises Instructions Prepare a statement of comprehensive income, beginning with income from continuing operations. re horizontal analysis. E18.3 (LO 2) Here is financial information for Glitter Inc. Excel December 31, 2020 December 31, 2019 Current assets $106,000 400,000 $ 90,000 350,000 65,000 90,000 115,000 170,000 Plant asscts (nct) Current liabilities Long-term liabilities Common stock, $1 par Retained carnings 99,000 122,000 130,000 155,000 Instructions Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. are vertical analysis. E18.4 (LO 2) Operating data for Joshua Corporation are presentcd below. 2020 2019 Excel $800,000 520,000 120,000 60,000 30,000 70,000 $600,000 408,000 72,000 48,000 24,000 48,000 Sales revenuc Cost of goods sold Selling expenses Administrative expenses Income tax expense Net income Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019. E18.5 (LO 2) Suppose the comparative balance sheets of Nike, Inc. are presented here. are horizontal and vertical lyses. Nike, Inc. Comparative Balance Sheets May 31 ($ in millions) 2020 2019 Assets $ 9,734 1,958 1,558 $ 8,839 1,891 1,713 Current assets we u correct statement of wchensive income. Property, plant, and equipment (net) Other assets oriz $12,443 $13,250 Total assets $ 3,322 1.296 Liabilities and Stockholders' Equity $ 3,277
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:CHAPTER 18 Financial Analysis: The Big Picture
Exercises
Instructions
Prepare a statement of comprehensive income, beginning with income from continuing operations.
re horizontal analysis.
E18.3 (LO 2) Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Excel
$ 90,000
350,000
65,000
$106,000
400,000
99,000
122,000
130,000
155,000
Current assets
Plant assets (nct)
Current liabilities
Long-term liabilities
Common stock, $1 par
Retained earnings
90,000
115,000
170,000
Instructions
Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year.
pare vertical analysis.
E18.4 (LO 2) Operating data for Joshua Corporation are presented below.
2020
2019
Excel
$600,000
$800,000
520,000
120,000
60,000
30,000
70,000
Sales revenuc
408,000
Cost of goods sold
Selling expenses
Administrative expenses
72,000
48,000
24,000
48,000
Income tax expense
Net income
Instructions
Prepare a schedule showing a vertical analysis for 2020 and 2019.
E18.5 (LO 2) Suppose the comparative balance shccts of Nike, Inc. are presented here.
are horizontal and vertical
yaes.
at 6 (chape
Nike, Inc.
Comparative Balance Sheets
May 31
($ in millions)
2019
2020
Assets
$ 8,839
$ 9,734
1,958
1,558
1,891
data
Current assets
Property, plant, and equipment (net)
Other assets
1,713
Prepare a correct statement of
comprehensive income.
orizonto
$12,443
$13,250
Total assets
$ 3,322
$ 3,277
280
Liabilities and Stockholders' Equity
Doce
1,296
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