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Exercise 14-3A (Algo) Horizontal and vertical analysis LO 14-1 Income statements for Rundle Company for Year 3 and Year 4 follow. Sales Cost of goods sold Selling expenses BURCH COMPANY Income Statements Year 4 $ 201,400 143,000 Year 3 $ 181,400 121,000 20,400 18,400 12,700 3,600 14,700 5,600 $ 179,700 $ 159,700 21,700 5,400 21,700 3,300 $ 15,300 $ 18,400 Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income Required a. Perform a horizontal analysis, showing the percentage change in each Income statement component between Year 3 and Y b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B 4. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e...234 should be entered as 23.4). RUNDLE COMPANY Horizontal Analysis of Income Statements Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) Percentage Change over Year 3 96 96 Required B > Show less A

Exercise 14-3A (Algo) Horizontal and vertical analysis LO 14-1 Income statements for Rundle Company for Year 3 and Year 4 follow. Sales Cost of goods sold Selling expenses BURCH COMPANY Income Statements Year 4 $ 201,400 143,000 Year 3 $ 181,400 121,000 20,400 18,400 12,700 3,600 14,700 5,600 $ 179,700 $ 159,700 21,700 5,400 21,700 3,300 $ 15,300 $ 18,400 Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income Required a. Perform a horizontal analysis, showing the percentage change in each Income statement component between Year 3 and Y b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B 4. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e...234 should be entered as 23.4). RUNDLE COMPANY Horizontal Analysis of Income Statements Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) Percentage Change over Year 3 96 96 Required B > Show less A

Database System Concepts
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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Exercise 14-3A (Algo) Horizontal and vertical analysis LO 14-1 Income statements for Rundle Company for Year 3 and Year 4 follow. Sales Cost of goods sold Selling expenses BURCH COMPANY Income Statements Year 4 $ 201,400 143,000 Year 3 $ 181,400 121,000 20,400 18,400 12,700 3,600 14,700 5,600 $ 179,700 $ 159,700 21,700 5,400 21,700 3,300 $ 15,300 $ 18,400 Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income Required a. Perform a horizontal analysis, showing the percentage change in each Income statement component between Year 3 and Y b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B 4. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e...234 should be entered as 23.4). RUNDLE COMPANY Horizontal Analysis of Income Statements Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) Percentage Change over Year 3 96 96 Required B > Show less A
Transcribed Image Text:Exercise 14-3A (Algo) Horizontal and vertical analysis LO 14-1 Income statements for Rundle Company for Year 3 and Year 4 follow. Sales Cost of goods sold Selling expenses BURCH COMPANY Income Statements Year 4 $ 201,400 143,000 Year 3 $ 181,400 121,000 20,400 18,400 12,700 3,600 14,700 5,600 $ 179,700 $ 159,700 21,700 5,400 21,700 3,300 $ 15,300 $ 18,400 Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income Required a. Perform a horizontal analysis, showing the percentage change in each Income statement component between Year 3 and Y b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B 4. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year Note: Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e...234 should be entered as 23.4). RUNDLE COMPANY Horizontal Analysis of Income Statements Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) Percentage Change over Year 3 96 96 Required B > Show less A
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