fx10%CEF GHExercise 7-The following are excerpts from Your Co's financial statements.Your Co.20191,080.00 $500.00320.0020182017Net SalesCOGSOther ExpensesCashA/RInventoryPrepaid InsuranceTotal Assets960.00 $880.00460.00280.00100.00120.00440.00240.0040.00140.0080.00160.00200.0020.00180.00180.0040.0040.00400.00460.00440.00a) Perform horizontal analysis below, using 2017 as the base year (100%).201920182017Net Sales122.7%109.1%100.0%100.0%100.0%COGS454.5%104.5%Other Expenses133.3%116.7%b) Perform vertical analysis below, using total assets as the base.201920182017Cash17.4%22.0%10.0%A/RInventoryPrepaid InsuranceTotal Assets35.0%27.0%35.0%43.0%41.0%45.0%96.0%9.0%10.0%ххX X X1-4DQReady

Answer 1: Workings:Answer 2: Workings:

Exercise 7-The following are excerpts from Your Co's financial statements. Your Co. 2019 2018 2017 Net Sales COGS Other Expenses Cash A/R Inventory Prepaid Insurance Total Assets 1,080.00 960.00 $ 460.00 280.00 500.00 320.00 80.00 160.00 200.00 100.00 120.00 180.00 40.00 440.00 880.00 440.00 240.00 40.00 140.00 180.00 40.00 400.00 20.00 460.00 a) Perform horizontal analysis below, using 2017 as the base year (100%). 2019 2018 2017 Net Sales 122.7% 109.1% 100.0% COGS 454.5% 104.5% 100.0% Other Expenses 133.3% 116.7% 100.0% p) Perform vertical analysis below, using total assets as the base. 2019 2018 2017 Cash 17.4% 22.0% 10.0% A/R Inventory Prepaid Insurance Total Assets 35.0% 27.0% 35.0% 43.0% 41.0% 45.0% 96.0% 9.0% 10.0% x x x

Exercise 7-The following are excerpts from Your Co's financial statements. Your Co. 2019 2018 2017 Net Sales COGS Other Expenses Cash A/R Inventory Prepaid Insurance Total Assets 1,080.00 960.00 $ 460.00 280.00 500.00 320.00 80.00 160.00 200.00 100.00 120.00 180.00 40.00 440.00 880.00 440.00 240.00 40.00 140.00 180.00 40.00 400.00 20.00 460.00 a) Perform horizontal analysis below, using 2017 as the base year (100%). 2019 2018 2017 Net Sales 122.7% 109.1% 100.0% COGS 454.5% 104.5% 100.0% Other Expenses 133.3% 116.7% 100.0% p) Perform vertical analysis below, using total assets as the base. 2019 2018 2017 Cash 17.4% 22.0% 10.0% A/R Inventory Prepaid Insurance Total Assets 35.0% 27.0% 35.0% 43.0% 41.0% 45.0% 96.0% 9.0% 10.0% x x x

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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