Only EX 14-5 please and thank you! EXCEL TEMPLATECurrent liabilities2,000,0003,400,0003,680,000Long-term liabilitiesCommon stockRetained earnings920,000920,0003,680,0003,220,000Prepare a comparative balance sheet for both years, stating each asset as a percent of total assetsand each liability and stockholders' equity item as a percent of the total liabilities and stockhold-ers' equity. Round percentages to one decimal place.Obj. 2EX 14-5 Horizontal analysis of the income statementIncome statement data for Winthrop Company for two recent years ended December 31 are asVa. Net incomeincrease, 78.0%follows:Current YearPrevious Year$ 2,000,000(1,750,000)24250,000$ 2,240,000(1,925,000)$ 315,000$ (152,500)(118,000)$ (270,500)Sales(X)SHOW ME HOW EXCEL TEMPLATECost of goods soldGross profit$ (125,000)Selling expensesAdministrative expenses$ (225,000)25,000Total operating expenses2444,500Income before income tax expense%24Income tax expense(17,800)%2426,700Net income%2415,000a. Prepare a comparative income statement with horizontal analysis, indicating the increaseone decimal place.(decrease) for the current year when compared with the previous year. Round percentages tob.What conclusions can be drawn from the horizontal analysis?EX 14-6 Current position analysisVa.1) Current yearObj. 3working capital,fiscal years:The following data were taken from the balance sheet of Nilo Company at the end of two recent$1,090,000Curent YearPrevious YearCurrent assets:CashMarketable securities5 300,000515,000$ 391,000354,000426,000Accounts and notes receivable (net)634,000

Comparative income statement with horizontal analysis shows the absolute and percentage increase/…

EX 14-5 Horizontal analysis of the income statement Income statement data for Winthrop Company for two recent years ended December 31 are as follows: Current Year Previous Year $ 2,000,000 $ 2,240,000 (1,925,000) 5 315,000 S (152,500) Sales Cost of goods sold Gross profit Selling expenses Administrative expenses (1,750,000) $ 250,000 S (125,000) (118,000) S (270,500) $ (225,000) 25,000 Total operating expenses %24 Income before income tax expense %24 (17,800) 44,500 Income tax expense Net income %24 26,700 15,000 a. Prepare a comparative income statement with horizontal analysis, indicating the increase one decimal place. (decrease) for the current year when compared with the previous year. Round percentages to b. What conclusions can be drawn from the horizontal analysis?

EX 14-5 Horizontal analysis of the income statement Income statement data for Winthrop Company for two recent years ended December 31 are as follows: Current Year Previous Year $ 2,000,000 $ 2,240,000 (1,925,000) 5 315,000 S (152,500) Sales Cost of goods sold Gross profit Selling expenses Administrative expenses (1,750,000) $ 250,000 S (125,000) (118,000) S (270,500) $ (225,000) 25,000 Total operating expenses %24 Income before income tax expense %24 (17,800) 44,500 Income tax expense Net income %24 26,700 15,000 a. Prepare a comparative income statement with horizontal analysis, indicating the increase one decimal place. (decrease) for the current year when compared with the previous year. Round percentages to b. What conclusions can be drawn from the horizontal analysis?

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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