Exercise 14-2A (Algo) Vertical analysis LO 14-1 Walton Company reported the following operating results for two consecutive years. Required Compute each income statement component for each of the two years as a percent of sales Note: Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4). Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes Net income WALION COMPANY Vertical Analysis of Income Statemente Patice intage of Salg for Yost 1 % $ S Yard 999.500 549,725 449,775 129,300 320 475 80,900 239.575 $ Your 3 1,079,500 598,400 481,100 150,000 331,100 80,400 250,700 Parcentage of Sales dot Year 3

Exercise 14-2A (Algo) Vertical analysis LO 14-1 Walton Company reported the following operating results for two consecutive years. Required Compute each income statement component for each of the two years as a percent of sales Note: Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4). Sales Cost of goods sold Gross margin on sales Operating expenses Income before taxes Income taxes Net income WALION COMPANY Vertical Analysis of Income Statemente Patice intage of Salg for Yost 1 % $ S Yard 999.500 549,725 449,775 129,300 320 475 80,900 239.575 $ Your 3 1,079,500 598,400 481,100 150,000 331,100 80,400 250,700 Parcentage of Sales dot Year 3

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 77E: Ratio Analysis The following information was taken from Logsden Manufacturings trial balances as of...

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Working Backward: Gross Profit Ratio Acmes gross profit ratio increased by 20% over the prior year. Net sales and cost of goods sold for the prior year were $120,000 and $90,000, respectively. Cost of goods sold for the current year is $140,000. Required Determine the amount of Acmes sales for the current year.
#becausesneaker.... HW CH 17 Vertical Analysis of Income Statement Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales Cost of merchandise sold Selling expenses Administrative expenses Income tax expense Custom Order Sales Cost of merchandise sold Selling expenses a. Prepare an income statement in comparative form, statin each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers. Administrative expenses Income tax expense $483,000 280,140 82,110 86,940 14,490 Innovation Quarter Inc. Comparative Income Statement For the Years Ended December 31 Current year Amount $483,000 280,140 82,110 86,940 14,490 percentage points, and administrative expenses net income as a percent of sales Current year Percent % % % % % % $420,000 218,400 79,800 71,400 21,000 % % % Previous year Amount $420,000 218,400 79,800 71,400 21,000 Previous year Percent b.…
Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Percentages may not add exactly due to rounding. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered as 23.4).) STUART COMPANY Vertical Analysis of Income Statements Percentage of Sales Year 4 Percentage of Sales Year 3 Sales 100.0 % 100.0 % Cost of goods sold 70.5 66.2 Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income %
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Exercise 14-1A (Algo) Horizontal analysis LO 14-1 Adams Corporation reported the following operating results for two consecutive years. Required a. Compute the percentage changes in Adams Corporation's income statement components between the two years. Note: Negative amounts should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4). Sales Cost of goods sold Gross margin Operating expenses Income before taxes Income taxes Net income (loss) CADAMS CORPORATION Income Statement Vanza $ 1,299,000 $1,004,500 798,885 500,115 301,000 199,115 61,600 137,515 S $ 602,700 401,800 195,500 206,300 52,700 153,600 Poicenton Change %
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8
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